Hints and tips:
...Basically, I defined what was wrong with mortgage markets. These “modified mortgages” entailed you buying the home, borrowing the money and paying 1 per cent on the mortgage for three years....
...But the problem is that as long as these “pretend and extend” tactics are playing out, uncertainty will haunt the property sector, threatening to undermine American growth....
...At a South Carolina polling station in February, Jennifer Koerner, a 51-year-old real estate agent, had just cast her vote for Trump as the Republican nominee for president....
...Smart reads The home loan loophole The $1.4tn FHLB, a government system meant to help Americans obtain mortgages, is being used by some clever investors as a way to get cheap money, Bloomberg reports....
...Before that he spent 14 years as a strategist at Barclays Spare a thought for the American first-time homebuyer, for whom things have rarely looked so grim....
...Higher yields on ultra-safe Treasuries have made these long-dated, jumbo home mortgages look less attractive....
...The Philadelphia stadium — home of the Eagles — has seen the city’s notoriously rowdy American football fans throw batteries, climb lampposts and trash its surroundings....
...Sentiment among homebuilders declined for the sixth consecutive month in June, as inflation and higher mortgage rates weakened demand for new homes....
...Realtors, mortgage brokers and appraisers across the US are bracing for widespread job cuts as home sales plummet amid rising interest rates....
...Last night the first bidders emerged in the battle for Manchester United; one from Qatar, one from closer to home....
...Rapidly rising interest rates, galloping house prices and still tight inventory have made it difficult for Americans to buy a home. Enter Intercontinental Exchange....
...At home goods retailer Bed Bath & Beyond, for example, delayed shipments pushed inventories up by 15 per cent year on year in its most recent quarter, just as sales dropped by 25 per cent....
...Its adjusted efficiency ratio, which measures expenses as a percentage of revenues, was 50.8 per cent — below most American peers....
...For almost two years, we worked from home and squirrelled money away. Now we are back in the office more. I take a thrifty packed lunch. But he has chosen a different course. I see it as profligate....
...It had largely given up on the party as a channel for pursuing unification after Ma’s policies for closer cross-Strait ties triggered a protest movement and led to a collapse in public support for the KMT...
...Earlier this week McCarthy won a secret ballot to become his party’s nominee for Speaker, by a margin of 188 to 31 votes....
...The Bank of England fears a tightening labour supply will push up wages and make high inflation persist for longer. But why are so many over-50s now staying at home?...
...Is it a financial innovation that will unlock the promise of home ownership for Americans who have been shut out of mortgage finance?...
...These included credit card terms and conditions, and the process behind fulfilment of mortgages....
...to do the same in urban areas across the US as President Biden’s nominee to lead the department of housing and urban development (HUD)....
...Banks in Hong Kong take such incidents into account when valuing properties for mortgage lending. Local estate agents keep lists of them too, for those either avoiding or seeking them out....
...Complicating matters, the agencies have a mandate to facilitate home ownership for worthy borrowers....
...So while you may see the GameStop frenzy and the Capitol Hill rampage as examples of disempowered Americans raging against oligopolies, I worry that it’s just madness — fuelled by social media, which may...
...(FT) Americans borrowed a record $1.2tn for mortgages Americans took out a record $1.2tn worth of mortgages in the final three months of 2020, locking in historically low interest rates to buy homes across...
...The proportion of people asking for delays in repaying their home loans had reached 7 per cent at the end of April, Fannie Mae said this month, and officials said it appeared to be stabilising far below...
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