Hints and tips:
...Shares in KKR Real Estate Finance Trust, a US commercial mortgage Reit, fell 14 per cent yesterday after it took a loss on a Philadelphia office loan, warned of stress elsewhere in its portfolio, and cut...
...“For example, if my buy-to-let mortgage is up for renewal, should I use my capital to pay down the loan or contribute more to my pension?” he said. How will Making Tax Digital change the landscape?...
...Blackstone Mortgage Trust and KKR Real Estate Finance Trust, two of the biggest mortgage real estate investment trusts, have halted loans to any new borrowers....
...Carson Block’s hedge fund Muddy Waters has revealed a bet against the New York-listed Blackstone Mortgage Trust, a $22bn real estate investment trust managed by private equity giant Blackstone....
...The JPMorgan banker-turned-exchange boss turning noodles into securities In modern capitalism, you can securitise all sorts of things — mortgages, the loans backing private equity buyouts, car loans, even...
...Europeans were hit harder by recent rate hikes than Americans because they have more mortgages and other long-term loans with floating rates....
...Changes to the student loans repayment system also worked against nurses....
...Credit is trust given financial form. Economic life depends on creditors believing that borrowers will pay interest on loans and return principal when it is due....
...The abrdn Financial Fairness Trust found 4 per cent of UK households had used an unlicensed or informal lender last year....
...But this was to be no ordinary stay at the pleasure palace immortalised in F Scott Fitzgerald’s novel Tender is the Night....
...The biggest loans are often taken out by consortiums and are held by groups of investors, as in commercial mortgage-backed securities....
...Fitch, which rated the deal triple-A, says underwriting standards are “well-aligned to Fitch’s expectations for prime mortgage origination”, but noted that the OSB’s willingness to make loans to self-employed...
...In Manhattan, more than 15 per cent of office space was unoccupied at the end of 2022, compared with just 7.5 per cent at the end of 2019....
...More broadly, SVB’s collapse has highlighted the key ingredient to a stable banking sector: trust. “Banking is in part a trust game,” said Judge....
...In London, 272 homes sold for £5mn or more over the same period, up two-thirds from the same stage in 2019, according to LonRes....
...[MUSIC PLAYING] George ParkerBoris Johnson famously told business to “F off!” But this week, Prime Minister Rishi Sunak was a little more conciliatory....
...Baillie Gifford’s Scottish Mortgage Investment Trust, one of the biggest China bulls in recent years, has slashed its exposure there, including longstanding investments in tech giants Alibaba and Tencent...
...This is twice as many as the number in 2019....
...A major markdown, from $2.2bn to $1.5bn, would risk putting the fund in breach of the terms of its loans from JPMorgan and forcing it to repay some debt....
...Rising interest rates have increased costs for owners of offices, shops and warehouses, just as they have homeowners looking to secure mortgages....
...That’s fine if you trust government finances to be good enough to keep paying out. Me? I’d take private funded over public unfunded any day.”...
...For investors it’s an echo of the past: the three largest global investment trusts have specialised origins: F&C Investment Trust, formerly Foreign & Colonial, which dates back to 1868, initially invested...
...In these results, borrowing on cards and short-term loans rose by 7 per to £5.8bn, while business lending declined, and mortgage lending was essentially flat at £57.8bn....
...While at Citigroup and then Trust Company of the West in the 70s and 80s, he was an early buyer of the high-risk “junk bonds” being sold by Michael Milken....
...The yield on the US 10-year Treasury, a benchmark for international investors and critical for mortgage rates and corporate borrowing costs, yesterday passed 2 per cent for the first time since August 2019...
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