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...They are commonly used by hedge funds to build positions in companies and are typically facilitated by big banks....
...The board of Scottish Mortgage Investment Trust has announced a £1bn share buyback in an attempt to prop up its share price, which is at a 13 per cent discount to its net asset value....
...Blackstone Mortgage Trust provides loans to commercial real estate companies in North America, Europe and Australia. Its market capitalisation is just under $4bn....
...I am divorcing my husband and have found out he borrowed money, unbeknown to me, from his parents, to help pay our mortgage for the past few months, due to our rate going up significantly....
...Blackstone took control of the trust in 2013 and two years later dramatically expanded it with the purchase of a $4.6bn portfolio of commercial mortgage loans from GE Capital....
...The bill could soon come due for mortgages on commercial properties whose valuations have taken a dive since Covid-19....
...Lan was accused of embezzling 304tn dong ($12bn) from Vietnam’s Saigon Joint Stock Commercial Bank (SCB) by illegally controlling the bank through proxies, using “ghost” companies to take out loans and giving...
...However banks are displaying forbearance too: Goldman Sachs estimates that $270bn of commercial mortgages which were supposed to mature in 2023 have been extended into 2024....
...Regional US lender New York Community Bancorp on Wednesday revealed it had taken large losses on loans tied to commercial property, while Japan’s Aozora Bank and Deutsche Bank on Thursday warned about the...
...According to US Mortgage Bankers Association data provided by Newmark, $929bn of commercial real estate debt will need to be repaid or refinanced this year alone....
...So credit is more likely to tighten within other parts of commercial property markets, and not corporate lending, residential mortgage lending or consumer lending: Larger banks could face some turbulence...
...An estimated $1.2tn of US CRE debt is maturing in the next two years, according to the Mortgage Bankers Association....
...Instead, both businesses reported 10 per cent increases in revenues compared with a year earlier, benefiting from trading in mortgages, currencies and credit in the quarter....
...Bank of China and Industrial and Commercial Bank of China (ICBC)....
...— A teen’s fatal plunge into the London underworld (New Yorker) — “Fake Chinese income” mortgages fuel Toronto Real Estate Bubble: HSBC Bank Leaks (The Bureau) — Pods, Passive Flows, and Punters (Albert...
...The agreement comes after judges in a separate criminal case centred on the same loans had ruled against BNP in an appeals hearing in November, when the bank was found guilty of deceptive commercial practices...
...According to the Green Finance Institute, the UK now has 60 “green” mortgage products....
...I mean, yeah, you do need to choose one who you like and who you trust....
...A small German mortgage lender has become one of Europe’s most bet-against stocks as it battles a surge in souring loans tied to US commercial property....
...He also warned that banks had first claim on many individual assets of Signa Prime and Signa Development because of direct mortgages against the properties themselves, meaning that a fire sale could completely...
...Mortgage rates ease | UK house prices rose more than expected in January, according to mortgage provider Nationwide, as easing mortgage rates helped to stabilise the property market....
...Fitch forecast last week that commercial mortgage-backed securities delinquencies in the US would increase from 3.3 per cent to 8.1 per cent in 2024, as refinancing challenges result in defaults....
...FDIC chair Martin Gruenberg said “ongoing economic and geopolitical uncertainty, continuing inflationary pressures, volatility in market interest rates, and emerging risks in some bank commercial real estate...
...Mortgage approvals hit a 17-month high in February helped by further falls in the cost of home loans, according to the Bank of England....
...Worries have persisted as banks disclose exposure to losses on commercial real estate loans as work from home leaves offices underused....
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