A report from Bloomberg. "The market for mortgage-backed securities was in free fall, with fear running rampant and banks seizing collateral. That was last Saturday. In the week since, three top investors in the sector have engaged restructuring advisers, two…
A report from the Wall Street Journal. "The central bank’s decision to buy a nearly unlimited supply of government-backed mortgages has helped calm skittish markets and ensure that 30-year home loans remain available. But the market for loans in which…
Two reports from the Wall Street Journal. "Several investment funds focused on mortgage investments are examining assets sales, and at least one is struggling to meet margin calls from lenders. Over the weekend, hedge funds, insurance companies and private-equity firms…
A report from KPBS in California. "Norm Miller, a real estate finance expert at University of San Diego, said if you look at price per square foot, prices have only risen about 1% over the past year. In fact, Miller…
A report from the Wall Street Journal on New York. "Despite a weak outlook for residential real estate, the number of building permits issued in New York City for new homes surged last year to the highest pace since 2015.…
It's Friday desk clearing time for this blogger. "San Diego County’s median home price was $575,000 in December, a slight decrease from the previous month but still near record highs. Rich Toscano, who predicted the housing crash in November 2005…
A report from Point 2 Homes on Texas. ""Q: Would you recommend buying or renting in the largest cities in Texas this year? Shannon Cornelison-Brown Assistant Professor of Accounting Austin College: 'In the largest cities in Texas, investor funds have…
A report from The Real Deal on New York. "It was one of many signs last year that a growing number of New York City condo developers are on borrowed time. Bank OZK had committed $108 million to finance a…
This is the selection of posts from the second half of 2019. I've focused on lending, US markets only and there's much more at each link to read. I'll have more in the comments below later. Thanks for dropping by.…
A report from Myrtle Beach Sun News in South Carolina. "An apartment complex near Coastal Carolina University will soon have a new management company as the property remains at the heart of a $24 million legal fight. In November, U.S.…