Hints and tips:
...It’s not going to be debt holders, which are the Fed and the Federal Home Loan Bank of San Francisco. They are secured creditors who hold collateral against their loans....
...The Big Short movie chronicled short selling directed against US mortgage-backed securities while the Netflix documentary Skandal!...
...Need to know: UK and Europe economy UK house prices fell 2.6 per cent in June according to mortgage provider Halifax, the fastest annual drop since 2011....
...When it came to the brewing US subprime mortgage crisis, Crastes thought doomsayers were getting ahead of themselves....
...who spoke to the Financial Times in recent weeks said Apollo was able to make these purchases because its Athene unit has lower return targets than traditional private debt funds, making the unit a good home...
...Two days later, the home secretary Suella Braverman resigned over an apparently minor mishandling of government documents....
...One thing to start: Intercontinental Exchange has deepened its push into the US housing market data business, striking the largest deal in its history by agreeing to purchase mortgage software company Black...
...Axonic’s Special Opportunities SBL fund, which focuses on buying bonds underpinned by mortgages on apartment buildings, is down 16 per cent for the year....
...The US investor agreed to take New York-listed housebuilder The New Home Company private in a $338m deal earlier this year and is investing in UK mortgage lender Foundation Home Loans....
...Or they want to own their home through an LLC [limited liability company] — maybe a celebrity who wants to keep their identity private,” she says....
...Generation Home....
...James Anderson, who has managed the £17.5bn Scottish Mortgage Investment Trust since 2000, will step down in April next year. Read more here....
...The Canadian asset manager Brookfield has also skipped payments on its shopping mall mortgages. But not everyone is licking their wounds....
...In the Washington DC suburb of Bethesda is the headquarters of Midcap Financial, which takes money from Apollo clients and lends it to nursing homes, grocery stores and other midsized businesses....
...That, crudely, is what happened in the US subprime mortgage market in 2008, when large chunks of home loan debt, repackaged as triple A-rated derivative investments, defaulted and left end investors with...
...“It’s one thing for a person to add a toilet paper to an Amazon list, it’s another thing to talk to a bank about your mortgage,” says Gorelov. Then, there are concerns about authentication....
...After graduating he remained close to home rather than striking out for a bigger financial centre, beginning his career at a brokerage in Austin....
...This improved mortgage product would allow more Americans to own homes at lower cost....
...Boutique investment bank Alantra has hired Juan Velayos, the former chief executive of Spanish property developer Neinor Homes, as managing partner....
...For two sets of reasons — one external, one made at home — Beijing is facing the sternest test yet of its economic development model....
...Still, for the real estate industry, the tax is better than an initial proposal of an ongoing pied-à-terre tax on luxury second homes in the city....
...One of the hallmarks of the UK economy has been its ability to cope with shocks.It is hard to tell how much scarring there will be as a result of this crisis....
...Owning a home does not always mean owning it outright....
...Home loans to people with scratches and dents in their credit histories dwindled to almost nothing in the aftermath of the crisis, as litigation-weary lenders retreated to patch up their balance sheets....
...First finding, and then buying, a new home is a protracted and arduous experience....
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