The good thing about being in the bottom is that there is no other way but up. The chief investment officer of the world’s sixth largest state investment company says there’s a major shift in economic influence and the emerging influence is Asia. In a private wealth management conference in Singapore this week, Government of Singapore Investment Corp’s Investment Officer Ng Read full article »
Archives for Street Talk
Housing Market Still In The Dumps Despite Record Low Mortgage Rates
It has been written many times, many ways: the real estate market has to hit bottom before it can finally find its way up. With the way low mortgage are being ignored by home buyers, perhaps the theory is gaining a stronger proof that it is high time the housing market be left to free fall. It has been reported that Read full article »
tags: foreclosures, home sales
FHA Loans Offer Hope For First-Time Home Buyers
The federal home buyer’s credit may have been canceled last April, shattering the dreams of many who wish to own a home for the first time. The Federal Housing Administration, though, comes to the rescue and gives them hope. With FHA loans, which are originally meant for purchasing or refinancing owner-occupied residential properties, manufactured homes, and condominiums, can also be Read full article »
JPMorgan Also Delays Foreclosure Proceedings
Last week, a mortgage lender put a stop on foreclosure proceedings. This week, the country’s second largest bank (when considering assets) is following suit. And analysts and economists say it may not be the last. The country’s second largest bank and third largest mortgage servicer (according to Inside Mortgage Finance data) JPMorgan Chase and Co is delaying current foreclosure proceedings. This Read full article »
tags: foreclosure, Morgan Stanley
REIT ETFs Kicking Butt Despite The Current Real Estate Slump
The residential and commercial real estate markets may have been trudging along a dreary path but something related to both markets has silently been going down a better road. Exchange-traded funds (ETFs) that comprise real estate investment trusts (REITs) are currently kicking butt. According to ETF analyst for Morningstar Timothy Strauts, “REIT ETFs are leading the S&P by a healthy margin, Read full article »
Celebrity Rocker Looks For New Real Estate Pad
If there’s anyone who can afford to buy real estate in this faltering economy, it will be the celebrities. A couple of celebrities have been reported to be shopping for new properties. And one celebrity wedding seems to have failed to up the ante on a New York property. Here are the latest updates on the real estate activities related Read full article »
New Laws May Bring Hedge Funds To European Union
Even Europe was dealt with in the recent economic recession. And with the real estate market only starting to recover, the European Union is aiming to lower economic risks that were already seen when contracts insuring mortgage-backed bonds led to losses. The EU plans to do this through law changes that would force commercial real estate owners to pay billions Read full article »
tags: Europe, hedge fund
Housing Market Is Near The Bottom, Says FHA Commissioner
If a key mortgage player says the housing market is already near the bottom, then should we all ring the alarm bells? Federal Housing Administration Commissioner David Stevens says exactly this in a congressional hearing this week. "I think we’re near bottom. I think we’re at minimum, near the bottom," says Stevens. Ever since the U.S. financial crisis set in, the Federal Read full article »
tags: David Stevens, FHA
Understanding Mortgage And Its Consequences Investing In Real Estate
Who says borrowing money is a bad thing? Not all the time, says real estate analysts. In fact, if you’ll be utilizing the correct type of mortgage, borrowing can give you an advantage. With the real estate market still on its recovery stages, it is best that one do Real Estate Analysis prior to investing in properties. And to create an Read full article »
Stigma On Mortgages Defaults? Not For Commercial Real Estate Owners.
Everybody may be living in the same economic slump but not everybody is facing the same consequences. Whereas individuals bear a stigma – and not to mention a low credit score – whenever they walk away from their home mortgages, different expectations are given commercial owners. Though many are optimistic that the recession is about to end, commercial real estate, owners Read full article »
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