Sellers Making Big Mistakes In Brampton, Mississauga & Durham Real Estate – May 3
Team Sessa Real Estate
May 10, 2023
Brampton, Mississauga, Ajax, Whitby, Pickering Real Estate Market Report for the week of April 27 – May 3, 2023.
UWM’s losses double in Q1, but margins climb to 92 bps
HousingWire|15 hours ago
UWM reported a financial loss in the first quarter amid a decline in the fair value of MSRs and falling origination volumes.
FHFA drops debt-to-income based pricing adjustment
American Banker|8 hours ago
The move cancels the fee Fannie Mae and Freddie Mac would have imposed on certain loans for which the borrower’s total debt exceeded 40%.
UPDATE 2-Texas Waha natgas prices turn negative on low spring demand
Reuters|20 hours ago
Spot natural gas prices for Wednesday at the Waha hub in the Permian Shale in West Texas fell into negative territory as pipeline maintenance prevented some gas from leaving the basin and mild spring weather reduced demand for the fuel.
SoftBank Vision Fund loses $32 billion in a year on startups valuation cut
TechCrunch on MSN.com|37 minutes ago
SoftBank Vision Fund lost $32 billion in the financial year ending March as the Japanese giant suffers from startup valuation corrections.
San Jose building leased to eBay enters special servicing
The Real Deal|9 hours ago
With the e-commerce giant absent but paying rent, a refinance of the property is deemed “impossible”by Morningstar.
Fraud allegations, liens and code violations: The developer linked to an S.F. corruption case faces mounting legal troubles in San Jose
The Business Journals|12 hours ago
Z&L Properties, the Chinese firm linked to a bribery scandal in San Francisco, is facing fines, complaints and allegations of fraud regarding its development efforts in San Jose.
Opinion: Rental housing providers are leaving Portland
The Business Journals|12 hours ago
“Investors are re-evaluating whether the ‘City that Works’ pencils out in the face of growing homelessness, crime, increasing governmental regulations and one of the highest tax rates in the country.
Trial of Dallas developer accused in purported $26 million investment scam pushed back 9 months
The Business Journals|19 hours ago
The trial date has been postponed for a Dallas real estate developer accused of bilking more than $26 million from Chinese nationals in an investment scam involving bogus land deals for housing communities proposed throughout North Texas.
Mr. Cooper to acquire Home Point Capital for $324M in cash
HousingWire|11 hours ago
Dallas-based Mr. Cooper Group has entered into an agreement to acquire struggling Home Point Capital for $324 million in cash.
Brace for a real-estate recession as commercial property will be the next domino to fall in the US, says top Guggenheim and Apollo execs
Business Insider|22 hours ago
“The private market hasn’t started to heavily mark down real estate,” Apollo’s Scott Kleinman said. “The equity will be first. That’s the next shoe to drop in the US,” he said.
Swedish Real Estate Is in a Hole — and Still Digging
The Washington Post|10 hours ago
A botched fundraising by one of Sweden’s most leveraged real estate firms could scarcely have come at a worse time for the European sector.
The FDIC Guarantees Instability
Wall Street Journal|12 hours ago
The ‘system-wide’ deposit backing only kicks in once a bank fails, so potential buyers wait for the subsidy.
‘Very tenuous environment’: Another bank merger canceled
American Banker|12 hours ago
MVB Financial’s agreement to buy Integrated Financial Holdings has fallen through, with both sides citing an uncertain economic outlook and potential regulatory challenges. It’s the second M&A deal to be scrubbed in the past week.
SoftBank Vision Fund lost $32 billion in the financial year ending March as the Japanese giant suffers from startup valuation corrections.
From the 16:28 video:
Sellers Making Big Mistakes In Brampton, Mississauga & Durham Real Estate – May 3
Team Sessa Real Estate
May 10, 2023
Brampton, Mississauga, Ajax, Whitby, Pickering Real Estate Market Report for the week of April 27 – May 3, 2023.
UWM’s losses double in Q1, but margins climb to 92 bps
HousingWire|15 hours ago
UWM reported a financial loss in the first quarter amid a decline in the fair value of MSRs and falling origination volumes.
FHFA drops debt-to-income based pricing adjustment
American Banker|8 hours ago
The move cancels the fee Fannie Mae and Freddie Mac would have imposed on certain loans for which the borrower’s total debt exceeded 40%.
UPDATE 2-Texas Waha natgas prices turn negative on low spring demand
Reuters|20 hours ago
Spot natural gas prices for Wednesday at the Waha hub in the Permian Shale in West Texas fell into negative territory as pipeline maintenance prevented some gas from leaving the basin and mild spring weather reduced demand for the fuel.
SoftBank Vision Fund loses $32 billion in a year on startups valuation cut
TechCrunch on MSN.com|37 minutes ago
SoftBank Vision Fund lost $32 billion in the financial year ending March as the Japanese giant suffers from startup valuation corrections.
San Jose building leased to eBay enters special servicing
The Real Deal|9 hours ago
With the e-commerce giant absent but paying rent, a refinance of the property is deemed “impossible”by Morningstar.
Fraud allegations, liens and code violations: The developer linked to an S.F. corruption case faces mounting legal troubles in San Jose
The Business Journals|12 hours ago
Z&L Properties, the Chinese firm linked to a bribery scandal in San Francisco, is facing fines, complaints and allegations of fraud regarding its development efforts in San Jose.
Opinion: Rental housing providers are leaving Portland
The Business Journals|12 hours ago
“Investors are re-evaluating whether the ‘City that Works’ pencils out in the face of growing homelessness, crime, increasing governmental regulations and one of the highest tax rates in the country.
Trial of Dallas developer accused in purported $26 million investment scam pushed back 9 months
The Business Journals|19 hours ago
The trial date has been postponed for a Dallas real estate developer accused of bilking more than $26 million from Chinese nationals in an investment scam involving bogus land deals for housing communities proposed throughout North Texas.
Mr. Cooper to acquire Home Point Capital for $324M in cash
HousingWire|11 hours ago
Dallas-based Mr. Cooper Group has entered into an agreement to acquire struggling Home Point Capital for $324 million in cash.
Brace for a real-estate recession as commercial property will be the next domino to fall in the US, says top Guggenheim and Apollo execs
Business Insider|22 hours ago
“The private market hasn’t started to heavily mark down real estate,” Apollo’s Scott Kleinman said. “The equity will be first. That’s the next shoe to drop in the US,” he said.
Swedish Real Estate Is in a Hole — and Still Digging
The Washington Post|10 hours ago
A botched fundraising by one of Sweden’s most leveraged real estate firms could scarcely have come at a worse time for the European sector.
The FDIC Guarantees Instability
Wall Street Journal|12 hours ago
The ‘system-wide’ deposit backing only kicks in once a bank fails, so potential buyers wait for the subsidy.
‘Very tenuous environment’: Another bank merger canceled
American Banker|12 hours ago
MVB Financial’s agreement to buy Integrated Financial Holdings has fallen through, with both sides citing an uncertain economic outlook and potential regulatory challenges. It’s the second M&A deal to be scrubbed in the past week.
SoftBank Vision Fund lost $32 billion in the financial year ending March as the Japanese giant suffers from startup valuation corrections.
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Cloudy Vision.