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Regional lender’s shares have been hammered by concerns on real estate loans
...another Delaware entity called SV America Inc....
...In Beijing, meanwhile, Rio Liu has moved towards a “more affordable way of living”....
...the weakness in the property sector....
...“Previously, older borrowers may have used [mortgages] for home improvement, travel or to help a younger family member get on the property ladder,” said David Hollingworth, associate director at L&C, a mortgage...
...Rio Tinto, one of China’s largest iron ore suppliers, is confident that a recent pick-up in activity in the country’s manufacturing sector will be sustained despite a property slowdown....
...local tenants who struggle to find reasonably priced properties....
...Doug Middleton will continue to run the firm’s investment property unit....
...Fifteen years later, China Evergrande, the world’s most indebted property developer, has collapsed — and they are handling the wreckage....
Share price of largest US non-bank mortgage lender are up 66% since November
...“We expect evidence of distress to ramp up this year as loan extensions end,” said Kiran Raichura, deputy chief property economist at Capital Economics....
New York Community Bancorp cuts dividend and reports surprise quarterly loss
A record amount of loans are maturing and need refinancing this year and next
...Craftsmanship is baked into Rio Kobayashi’s story. The Austrian-Italian-Japanese designer grew up in a town renowned for its pottery in Japan, Mashiko, where his father worked as a ceramics artisan....
...NYCB’s recent losses on property loans have rekindled worries about potential defaults in the real estate market....
...But while Apple has been left facing its first-ever import ban in its home market, it has also scored victories in the intellectual property battles being fought around the Watch that show the wider war...
...“We hope that property prices will go up but assume that the cost of everything else will do too.”...
...BPY’s core property portfolio contains almost 200mn gross square feet of office and retail space, in about 200 locations....
...The latest efforts include cuts to several policy interest rates and rule changes letting commercial property developers borrow to pay off old debts....
...Mining giant Rio Tinto has said that China’s economic recovery slowed in the second quarter as weakness in the export and property sectors provided a drag on growth....
...The decline moderated, leaving shares down almost 26 per cent on the day and taking their year-to-date drop to 65 per cent amid worries about the US regional lender’s exposure to the commercial property...
...One way for homebuilders to boost sales is by offering a “buy-down”, which provides buyers with a lower mortgage rate on a property than is available in the market....
...“Those with big defined benefit pensions or property income might be willing to play a bit faster and looser with their investment portfolio,” said AJ Bell’s Laith Khalaf....
...“It’s fairly clear that the priority is delivering properties that have been sold.”...
...Today on the show, Ethan Wu is joined by Robert Armstrong and FT property correspondent Joshua Oliver, who explain what’s going on with NYCB, and what the bank’s troubles tell us about the commercial real...
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