Hints and tips:
...a relatively small $2.6bn business of lending to commercial real estate projects....
...America’s real estate market remains stuck in the mud. Existing home sales, which make up most of the US housing market, totalled just 4.09mn units in 2023, a 30-year low....
...billed, the ratio of partners to staff and real estate costs....
...mortgages, and the Home Owners’ Loan Corporation to refinance them....
...Wells Fargo chief executive Charlie Scharf last week told analysts and investors that the bank, which has $142bn in commercial real estate loans outstanding, is managing its exposure to the area....
...“I know the area pretty well, and it’s hard to find places for rent,” she says....
...A shortage of real estate inventory will encourage other Americans to stay put and spruce up their existing surroundings. Cost savings made during the pandemic are here to stay....
...They hold more assets with longer maturities, such as mortgages and business loans. They hold almost a third of the country’s commercial real estate loans....
...Since the pandemic, much of the demand has been for larger, higher-value homes. The average price of a home sold by E&V last year was up 29 per cent on the year before....
...She played a critical role in the hotel group’s initial public offering in 2013 as well as the spin-offs of Hilton’s real estate and timeshare businesses in 2017....
...CoreCivic said it will drop its real estate investment trust (Reit) status and become a taxable C corporation, a shift that comes with a higher tax bill but which will allow the company to cut its dividend...
...Saudi Aramco has hired Wells Fargo banker Robert Fernandez to manage its relationship with banks after the oil company completed the world’s biggest share sale....
...Also, it’s hard to imagine profits arising from paying corporation tax. But subsidising real estate is a different story. Take the case of Help to Buy in the UK....
...Most sectors -- airlines, retail, real estate, whatnot -- are either clinging on for 2022 or accelerating the stuff they were planning to do anyway....
...If Thomas’s plans take off, British mortgage brokers and estate agents could be heading that way too....
...Features such as original tiling or ornate woodwork in need of maintenance tend to be demerits in traditional real estate....
...“[Bear Stearns] is the deal that validated JPMorgan’s reputation for strength,” says Mike Mayo, a veteran Wall Street analyst, now with Wells Fargo....
...Then there are private, bilateral deals, typically set up by real estate brokers freelancing as peer-to-peer lenders....
...Fargo Securities on financials; Wachtell, Lipton, Rosen & Katz and Latham & Watkins on the legal; Joele Frank on PR)....
...At present AIG has less than $4bn of residential mortgages on its books, a small fraction of its $515bn balance sheet, although the insurer is a bigger operator in other real estate markets....
...US court told PwC cut corners in Colonial audit Control+C, Control+V....
...Apollo already has products that retail investors can purchase, including listed closed-end credit funds, business development corporations and commercial and residential mortgage real estate investment...
...The funds we raise will help building the new homes. So this Spending Review delivers: A doubling of the housing budget. 400,000 new homes; with extra support for London. Estates regenerated....
...Britain’s insurance premium tax is well below tax rates in many other countries....
...On a year-over-year basis, the improvement in net charge-offs at the six big US commercial banks was across the board, including residential mortgages, home equity, credit cards and commercial real estate...
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