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...Nasa asked Raymond Loewy to help turn the hull of the third stage of a Saturn V rocket into a home in which a three-man crew could live for three months at a time....
...Fixed-rate mortgages, at around 2 per cent, are still relatively low, though it’s hard for Americans to get loans....
...There are also online tools to help people work out whether they can buy in certain areas, such as an interactive map provided by the Canada Mortgage and Housing Corporation....
...Another safe harbour deems certain home mortgages in compliance with the statutory requirement of verifying the borrower’s ability to repay....
...The FHLBs mentioned are the Federal Home Loan Banks, basically US government-sponsored co-operatives of mortgage lenders that use their implicit state backstop to get cheap funding and extend the benefits...
...But critics insist the rules are an unwarranted assault on an American success story....
...Sumitomo Mitsui Banking Corporation has named Clarke Adams as head of high-yield capital markets and Matt Burke as head of leveraged finance origination....
...And as mortgage rates fall, the single-family home market will become an increasingly viable substitute for renters, piling the pressure on apartment values, notes Thomas LaSalvia, head of CRE economics...
...The vast majority of this agency debt consists of discount notes issued by the Federal Home Loan Bank system, a US-government backed group of institutions that purchase mortgages issued by local banks....
...“Early on I got a lot of complaints from people trying to work from home — including heads of corporations — who were frustrated by the lack of bandwidth,” Schneiderman says....
...Deposit Insurance Corporation data....
...But plenty of Americans have a hard time letting go. This has been a boon for self-storage operators....
...And so the Federal Deposit Insurance Corporation, the FDIC, had to step in....
...Higher yields on ultra-safe Treasuries have made these long-dated, jumbo home mortgages look less attractive....
...“Losses to depositors would have been immaterial, and it would have driven home the point that risk management is essential....
...The Korean Wave” exhibition at the V&A Lola Shoneyin Writer and festival organiser by Chimamanda Ngozi Adichie Lola Shoneyin’s subversion is deliciously sly, her humour mordant, her eyes pitiless and...
...The East Boston Community Development Corporation will buy 36 mostly triple-decker buildings containing 114 rented homes in order to keep them affordable....
...First Republic, which is basically a bank for rich people, holds a ton of big home mortgages on its balance sheet — about half of its total assets....
...It had relied on making home loans using cheap funding from customers who were offered lower mortgage rates in exchange for putting large deposits into accounts that paid little or no interest....
...The primary driver of wealth, the primary asset on most Americans' balance sheet, is a home. Most of the ways in which Americans build wealth involves borrowing money....
...The hubris-to-nemesis story of how this emblematic American corporation ended up being hounded by activist investor Nelson Peltz and broken up under its current chief executive Larry Culp must count as one...
...I suppose the big question for lots of us sitting here who are lucky enough to own our own homes is what it will do to mortgage rates. Katie Martin I’ve got one year until I renew my mortgage....
...In the mortgage space at least, we have much more resilient homeowners. The vast majority have 30-year mortgages and significant equity in their homes....
...Goodbye cheap mortgages, endless payment plans and subsidised home delivery. Hello something very different. Finally, do watch Ken Burns’s latest documentary series on America and the Holocaust....
...The order book stood at £2.1bn in August, but more recent trading patterns and levels of sales interest will be key, alongside any signs of stress in the mortgage market....
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