It's Friday desk clearing time for this blogger. "The housing market in Houston and across…
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From the first 13:18 video:
Austin Texas Weekly Market Report
Live Your Life in Austin Texas
RandiWhiteATX
Streamed live 10 hours ago
Austin is taking a nosedive on their home values, and the whole country is watching. The Austin Metropolitan Area is down about 25% from their peak values the last few years. How much farther will they go?
The second 4:40 video:
San Jose Real Estate | February 2023| Prices Going Down?
Ava Li Real Estate
Mar 1, 2023 DOWNTOWN SAN JOSE
San Jose February 2023 housing sales data is out! Are you curious to find out about the sales price? Are prices going? I have compiled and analyzed San Jose residential properties sales for February 2023 and want to share some changes with you!
============
00:00 – Intro
00:28 – February 2023 Sales Analysis
01:44 -January to February 2023 Price Comparison
03:19 – Most and Least Expensive Houses Sold
03:56 – Active Listings Overview
04:31- Outro
The third 12:45 video:
Reality Check Needed In Vaughan, Richmond Hill & Markham Real Estate – Feb 22
Team Sessa Real Estate
Mar 2, 2023
Vaughan Home Prices, Richmond Hill Home Prices & Markham Home Prices for the week of Feb 16 – Feb 22, 2022.
San Diego’s crypto-friendly Silvergate Bank has disclosed that its financial health has taken a turn for the worse amid continued troubles plaguing the digital currency industry — raising questions about its ability to remain a going concern.
Silvergate, which tailored its business toward providing deposit accounts, fund transfers, a real-time payments network and other banking infrastructure to the cryptocurrency industry, revealed that it has suffered additional losses in January and February from the sales of debt securities that backstopped its crypto-related deposits.
Those losses will put pressure on the FDIC-insured bank’s regulatory capital reserves and “could result in the company and the bank being less than well-capitalized,” Silvergate said in a filing with the U.S. Securities and Exchange Commission on Wednesday.
Under these conditions, Silvergate said it is evaluating “the impact that these subsequent events have on its ability to continue as a going concern for the twelve months following the issuance of its financial statements. The company is currently in the process of reevaluating its businesses and strategies in light of the business and regulatory challenges it currently faces”
Silvergate said that it probably would be unable to file its annual report with the SEC by the March 16 deadline as it works to answer questions related to regulatory and other “inquiries and investigations.”
In January, three top U.S. banking regulators — the Federal Reserve, Federal Deposit Insurance Corp. (FDIC) and Office of the Comptroller of the Currency — warned financial institutions of the high liquidity risks associated with crypto-asset deposits. The agencies pushed banks to perform “robust due diligence and ongoing monitoring” of crypto players with accounts at their banks.
“It confirms the fears that many regulators have had,” said Todd Baker, a senior fellow at Columbia University’s Richman Center for Business, Law and Public Policy, in an interview with Bloomberg. “If this bank fails, it’s going to be held up as an example of why banks should be extremely conservative in dealing with crypto companies.”
HELOC credit lines skyrocket as Orlando homeowners borrow against their houses
The Business Journals|21 hours ago
The last time home equity lines of credit were this popular in the Orlando area was 2008. Here’s why they’ve taken off.
Flagstar Bank confirms layoffs, big restructuring in wake of merger
Yahoo|14 hours ago
The Flagstar Bank layoff notices were handed down Thursday and represented about 10% of all employees at the newly combined bank.
Citigroup Cuts Hundreds Of Jobs, Lays Off Employees In Investment Banking, Mortgage Units: Report
Outlookindia|8 hours ago
Citigroup Inc. is reportedly cutting hundreds of jobs across the company in this recent round of mass layoffs. As per reports, the Wall Street giant’s investment banking and mor
Rocket Companies and United Wholesale Mortgage shed thousands of jobs
YAHOO!Finance on MSN.com|10 hours ago
The plummeting headcounts underscore the cyclical nature of the mortgage business and that potential impact on the local economy.
After JPMorgan, Citigroup Fires Hundreds Of Workers In Mortgage And Investment Banking Units|5 hours ago
Citigroup Inc. is laying off hundreds of employees across the board, including those in the Wall Street behemoth’s investment banking sector. According to persons familiar with the subject who requested not to be identified because they were discussing personnel information,
Hundreds Of Employees Being Laid Off At Citigroup Across Verticals: Report
India.com|9 hours ago
Citi spent billions in the past few years upgrading its underlying infrastructure in the technology division. These investments, according to Chief Executive Officer (CEO) Jane Fraser, will ultimately allow the bank to reduce its reliance on manual processes.
Citigroup cuts hundreds of jobs, Including in investment banking and mortgage units
Mint|9 hours ago
Citigroup Inc. is cutting hundreds of jobs across the company, with the Wall Street giant’s investment banking division among those affected
CFO of struggling Home Point Financial to leave mortgage company
Crain’s Detroit|15 hours ago
Home Point Financial Inc. is on the hunt for a new top finance executive. A securities filing on Wednesday said that Mark Elbaum, CFO of the struggling Ann Arbor-based wholesale mortgage lender, would be stepping down from the position on April 3.
Florida Gov. Ron DeSantis slammed fellow Republicans for acting like “potted plants” instead of fighting against the left’s “woke ideology” during an event Thursday, according to a report.
“If woke ideology takes over it will destroy this country. We are not going to let that happen in the state of Florida,” he said during his 40-minute speech at a Florida seaside retreat called The Breakers.
From the first 13:18 video:
Austin Texas Weekly Market Report
Live Your Life in Austin Texas
RandiWhiteATX
Streamed live 10 hours ago
Austin is taking a nosedive on their home values, and the whole country is watching. The Austin Metropolitan Area is down about 25% from their peak values the last few years. How much farther will they go?
The second 4:40 video:
San Jose Real Estate | February 2023| Prices Going Down?
Ava Li Real Estate
Mar 1, 2023 DOWNTOWN SAN JOSE
San Jose February 2023 housing sales data is out! Are you curious to find out about the sales price? Are prices going? I have compiled and analyzed San Jose residential properties sales for February 2023 and want to share some changes with you!
============
00:00 – Intro
00:28 – February 2023 Sales Analysis
01:44 -January to February 2023 Price Comparison
03:19 – Most and Least Expensive Houses Sold
03:56 – Active Listings Overview
04:31- Outro
The third 12:45 video:
Reality Check Needed In Vaughan, Richmond Hill & Markham Real Estate – Feb 22
Team Sessa Real Estate
Mar 2, 2023
Vaughan Home Prices, Richmond Hill Home Prices & Markham Home Prices for the week of Feb 16 – Feb 22, 2022.
San Diego’s crypto-friendly Silvergate Bank has disclosed that its financial health has taken a turn for the worse amid continued troubles plaguing the digital currency industry — raising questions about its ability to remain a going concern.
Silvergate, which tailored its business toward providing deposit accounts, fund transfers, a real-time payments network and other banking infrastructure to the cryptocurrency industry, revealed that it has suffered additional losses in January and February from the sales of debt securities that backstopped its crypto-related deposits.
Those losses will put pressure on the FDIC-insured bank’s regulatory capital reserves and “could result in the company and the bank being less than well-capitalized,” Silvergate said in a filing with the U.S. Securities and Exchange Commission on Wednesday.
Under these conditions, Silvergate said it is evaluating “the impact that these subsequent events have on its ability to continue as a going concern for the twelve months following the issuance of its financial statements. The company is currently in the process of reevaluating its businesses and strategies in light of the business and regulatory challenges it currently faces”
Silvergate said that it probably would be unable to file its annual report with the SEC by the March 16 deadline as it works to answer questions related to regulatory and other “inquiries and investigations.”
In January, three top U.S. banking regulators — the Federal Reserve, Federal Deposit Insurance Corp. (FDIC) and Office of the Comptroller of the Currency — warned financial institutions of the high liquidity risks associated with crypto-asset deposits. The agencies pushed banks to perform “robust due diligence and ongoing monitoring” of crypto players with accounts at their banks.
“It confirms the fears that many regulators have had,” said Todd Baker, a senior fellow at Columbia University’s Richman Center for Business, Law and Public Policy, in an interview with Bloomberg. “If this bank fails, it’s going to be held up as an example of why banks should be extremely conservative in dealing with crypto companies.”
https://www.latimes.com/business/story/2023-03-02/san-diego-crypto-bank-silvergate-raises-red-flags-over-continued-losses-delayed-financial-filings
HELOC credit lines skyrocket as Orlando homeowners borrow against their houses
The Business Journals|21 hours ago
The last time home equity lines of credit were this popular in the Orlando area was 2008. Here’s why they’ve taken off.
Flagstar Bank confirms layoffs, big restructuring in wake of merger
Yahoo|14 hours ago
The Flagstar Bank layoff notices were handed down Thursday and represented about 10% of all employees at the newly combined bank.
Citigroup Cuts Hundreds Of Jobs, Lays Off Employees In Investment Banking, Mortgage Units: Report
Outlookindia|8 hours ago
Citigroup Inc. is reportedly cutting hundreds of jobs across the company in this recent round of mass layoffs. As per reports, the Wall Street giant’s investment banking and mor
Rocket Companies and United Wholesale Mortgage shed thousands of jobs
YAHOO!Finance on MSN.com|10 hours ago
The plummeting headcounts underscore the cyclical nature of the mortgage business and that potential impact on the local economy.
After JPMorgan, Citigroup Fires Hundreds Of Workers In Mortgage And Investment Banking Units|5 hours ago
Citigroup Inc. is laying off hundreds of employees across the board, including those in the Wall Street behemoth’s investment banking sector. According to persons familiar with the subject who requested not to be identified because they were discussing personnel information,
Hundreds Of Employees Being Laid Off At Citigroup Across Verticals: Report
India.com|9 hours ago
Citi spent billions in the past few years upgrading its underlying infrastructure in the technology division. These investments, according to Chief Executive Officer (CEO) Jane Fraser, will ultimately allow the bank to reduce its reliance on manual processes.
Citigroup cuts hundreds of jobs, Including in investment banking and mortgage units
Mint|9 hours ago
Citigroup Inc. is cutting hundreds of jobs across the company, with the Wall Street giant’s investment banking division among those affected
CFO of struggling Home Point Financial to leave mortgage company
Crain’s Detroit|15 hours ago
Home Point Financial Inc. is on the hunt for a new top finance executive. A securities filing on Wednesday said that Mark Elbaum, CFO of the struggling Ann Arbor-based wholesale mortgage lender, would be stepping down from the position on April 3.
Florida Gov. Ron DeSantis slammed fellow Republicans for acting like “potted plants” instead of fighting against the left’s “woke ideology” during an event Thursday, according to a report.
“If woke ideology takes over it will destroy this country. We are not going to let that happen in the state of Florida,” he said during his 40-minute speech at a Florida seaside retreat called The Breakers.
https://nypost.com/2023/03/03/desantis-slams-other-republicans-for-failing-to-fight-woke-ideology-report/
𝗟𝗶𝘃𝗲𝗿𝗺𝗼𝗿𝗲, 𝗖𝗢 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗣𝗿𝗶𝗰𝗲𝘀 𝗖𝗿𝗮𝘁𝗲𝗿 𝟮𝟵% 𝗬𝗢𝗬 𝗔𝘀 𝗗𝗼𝘂𝗯𝗹𝗲 𝗗𝗶𝗴𝗶𝘁 𝗣𝗿𝗶𝗰𝗲 𝗗𝗲𝗰𝗹𝗶𝗻𝗲𝘀 𝗕𝗹𝗮𝗻𝗸𝗲𝘁 𝗖𝗼𝗹𝗼𝗿𝗮𝗱𝗼
https://www.movoto.com/livermore-co/market-trends/
𝘈𝘴 𝘰𝘯𝘦 𝘋𝘦𝘯𝘷𝘦𝘳 𝘣𝘳𝘰𝘬𝘦𝘳 𝘭𝘢𝘮𝘦𝘯𝘵𝘦𝘥, “𝘋𝘦𝘯𝘷𝘦𝘳 𝘪𝘴 𝘮𝘰𝘳𝘦 𝘭𝘪𝘬𝘦 𝘋𝘦𝘵𝘳𝘰𝘪𝘵 𝘵𝘩𝘢𝘯 𝘋𝘦𝘵𝘳𝘰𝘪𝘵 𝘦𝘷𝘦𝘳 𝘸𝘢𝘴.”