The most expensive home in the world is priced beyond sanity Freddie Mac unveils new security to provide affordable housing liquidity for small lenders Freddie Mac’s commitment to affordable, adequate housing is central to who we are. Our continuous support – in all economic conditions and for markets that might otherwise be neglected – distinguishes us from private funding sources. It’s in Our DNAFHFA launches pilot REO property sales PDF Overview of the Risks and Challenges the Enterprises Face in. – FHFA-OIG REO Strategy FHFA-OIG has several ongoing audits of key aspects of FHFA’s oversight of the Enterprises’ REO management, such as property maintenance and contractor reimbursement controls. FHFA-OIG also plans to evaluate the programmatic controls that are intended to prevent fraud in the REO pilot program should it be expanded.FHFA resolves 6 of 18 RMBS suits against big banks sec passes ceo pay ratio Rule on 3-2 partisan vote The new CEO pay ratio disclosure rule, which is contained in Item 402(u) of SEC Regulation S-K, requires public companies to disclose: the median of the annual total compensation of all US and non-US employees, other than the chief executive officer; the annual total compensation of the chief executive officer; and; the ratio of these amounts.Investments FHFA resolves 6 of 18 RMBS suits against big banks 12 lenders remain in line of fire after $8B in settlementsThe home needs 600 staffs to keep the building functional. It is currently enjoying the status of the Most Expensive Home In The World with the construction cost exceeding billion dollars. The home is owned by the indian billionaire mukesh ambani, who is the Managing Director of Reliance Industries Limited. His net estimate is known to be 21.
· China’s property market is beginning a “collapse” that will hit the nation’s banking system, said Kenneth Rogoff, the Harvard University professor and former chief economist of the.
· Double-Dip Recession 20% To 25% Likely If Fiscal Cliff Hits, S&P Warns. A poor labor market, with businesses adding a paltry 97,000 jobs per month over the last six months, has kept the economic recovery in “slow gear.” (During the winter, the economy added an average 240,000 jobs per month, she noted).
Servicers shares rise after strong JPM, Wells Fargo earnings New GSE appraisal database to tighten scrutiny on mortgage lenders While this is not uncommon in the current economic environment, there is noticeable difference: Lenders have told us that the GSE’s are showing a new toughness when it comes to auditing non-performing.We believe US stocks, after recently breaching key psychological price levels. Schwab (SCHW), Citigroup (C), United.Elevate your underperformers If you’re investing in an ETF or index fund, you can’t cherry pick the best stocks for your portfolio and you’re stuck with underperformers that drag. of steady free cash flow and consistently.
Last year Houston closed 19,630 homes at under 5%, so the rate is not the problem. The mortgage is a problem, because mortgages are difficult to get, and mortgage starvation and buyer disqualification are the primary problems facing the housing market today, both new and resale.
In fact, inflation might end up dipping below 2%, negating the need for restrictive Fed monetary policy. In fact, the bond market. beginning in the current month (it’s actually delayed two months)..
Economist Nouriel Roubini says the chances of a double dip recession have increased given the market plunge, weak housing market and structural weaknesses in the economy.
Market Watch reports the dip in spending could be the result of a cooling housing market, declining home sales, and a recent rise in interest rates. "We’ve been calling for 2019 to see a slowdown in remodeling," Robert Dietz, the chief economist at the National Association of Home Builders, told MarketWatch.
· CNNMoney reports that homebuilder incentives in Sacramento doubled in value in the fourth quarter. This bit of information follows consistently bad news for homebuilders over the last few months, previously reported here, here, here, and here. Everybody wants something for nothing, and as housing markets slows, homebuyers are starting to get just that.
There will never be a better time to initiate a housing revolution with an impact as great as that of council house sales, write Keith Boyfield and Daniel Greenberg in Housing: Now is the time to Seize the Opportunity. With the Government due to publish a new Housing White Paper shortly, now is the time to deliver new housing.
After years of soaring price hikes, bidding wars, and a dearth of homes for sale, is the housing market beginning to shift toward a buyer’s market?