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...That restricts housing supply and, combined with unaffordable mortgage rates, increases demand in the rental market, thus generating shelter inflation....
...The New York-based securitised products business packaged debts, such as mortgages and loans for yachts, before selling them on as securities....
...Blackstone Mortgage Trust said in an emailed statement: “This report is highly misleading and represents a fundamental misunderstanding of our senior secured lending business.”...
...The retail operation provides both deposit funding and assets ripe for securitisation, such as mortgages and credit card loans....
...They have cut lending rates, mortgage rates, business taxes, stock-trading fees and even admission costs at tourist sites; extended EV subsidies; relaxed regulations; intervened in forex markets; and extended...
...The “shelter” category — housing costs that include rent and owner’s equivalent rent — has remained robust even in the midst of the Fed’s interest-rate raising campaign, keeping core price rises stubbornly...
...It’s one of just a few services costs that drove an acceleration of consumer prices in January: Shelter costs, transportation services and medical services....
...For instance, here’s an extract from a filing by Manhattan Bridge Capital, a small Nasdaq-listed mortgage Reit: No Adverse Material Change....
...Moscow mortgage: Western governments are drawing up plans to issue debt to help fund Ukraine, using Russian assets as a backstop....
...Whereas condo residents own their apartment outright, co-op residents are shareholders in a company that owns their building and have a right to live in their apartment....
...Typically, a Grainger tenant spends 28 per cent of their income on rent — meeting housing charity Shelter’s 30 per cent “affordability rule”....
...The home price/mortgage rate arbitrage is working against homeowner mobility. The current 30-year fixed mortgage rate in the US is around 8 per cent. That’s up from under 3 per cent in 2021....
...And the bondholder group, led by Apollo, seemed ready to pounce, perhaps even forcing the company into a messy bankruptcy where creditors could take the keys....
...Cash flow was so tight, I had to defer my mortgage payments for four months, which saved £4,000. For two years I didn’t have a social life....
...KKR’s recent agreement to buy up to €40bn of consumer loans originated by PayPal is one among various efforts by the firm to break into “asset-based” finance — fixed-income products such as mortgages, car...
...In those transactions, a pool of assets — such as mortgages, credit card receivables or auto loans — are packaged together, with the interest payments funding new slices of debt that are sold on to investors...
...Need to know: business Anglo-Swedish drugmaker AstraZeneca is drafting a plan to spin off its China business and list it separately in Hong Kong to shelter the company from geopolitical tensions....
...The new policy covers apps offering personal, payday and peer-to-peer loans, but not mortgages, car loans or credit cards....
...Mortgage issuance is going to be down when you double rates. Same thing with auto lending. The one shoe that hasn’t dropped yet are cap rates and debt yields on commercial real estate....
...By 1974, he was offered a “front office” job trading the bonds of US utility companies and, in 1979, he began leading Salomon’s mortgage-trading desk....
...Unable to meaningfully increase the supply of greenfield sites, politicians eventually resorted to demand subsidies such as tax relief on mortgage interest or increasing housing density in cities....
...They are less likely to have mortgages and more likely to be retired....
...So it makes sense to think suburban rentals could be the ticket for younger Americans looking to move outside of major city centres, especially with mortgage rates above 6 per cent and strong shelter inflation...
...OK, so there was a liquidity problem with SVB and something about mortgage-backed-securities, and fundamental timing mismatches of liabilities....
...Meanwhile, mortgage payments rose to the highest share of income since the 2008 financial crisis....
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