After years of political stalemate over the future of Fannie Mae and Freddie Mac, things are beginning to move in Washington. The big news for investors is that the ultimate endgame for housing finance is starting to take shape in Congress. In a surprise announcement on Thursday morning, the Treasury
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Last month, the U.S. median rent was up by 2.4 percent from one year earlier, reaching a new high of $1,435 per month, the highest median rent Zillow has ever reported. Zillow also noted there was synergy between rent prices and incomes, with the latter increasing 2.5 percent year-over-year during
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Tesla and SpaceX CEO Elon Musk wants everyone to know that he would only call someone an âidiotâ if people were mistakenly under the impression that this person is smartâoh, and he really does love most trains, subways, and London buses. Taken out of context, Musk's Thursday
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The abrupt demise of a major real estate data provider has put Columbus real estate and development leaders in a bind. Missouri-based Xceligent Inc. shut down and declared Chapter 7 bankruptcy late last week, opting to liquidate its assets after a year-long legal battle with competitor CoStar Group
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The housing market already faces a shortfall of affordable units. This tax break at the very least doesn't improve the situation, and worse, could tighten supply, Redfin forecast. Because apartment buildings generate income, developers may see the tax change as a new incentive to build these units
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The government-controlled mortgage finance giants Fannie Mae and Freddie Mac are to be allowed to build capital cushions of $3bn each, a policy shift that could alter the calculus over reforms of two institutions that are integral to the US housing market. The new arrangement, agreed by the US
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Forecast One BH What a year that was. Admit itâsome years are less memorable, but not so for 2017. We had the greatest seller's market ever and then the lowest home inventory in what seems to be forever. Interest rates remained low but are now rising, and refinancing plummeted as expected.
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Building upon a slew of stellar housing data points reported over the last month, data released this week measuring groundbreaking for new home construction boasted yet another multi-year high. The annual pace of both housing starts and building permits increased impressively and were buoyed by
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Fannie Mae and Freddie Mac, the mortgage finance giants now under government conservatorship, will keep $3 billion each as a capital buffer, a reversal of a directive from Congress, its regulator and the Treasury Department each confirmed Thursday. That conservator arrangement, struck in 2012 and
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Freddie Mac: Mortgage rates move up. Key mortgage rates moved up slightly over … âThe majority of our survey was completed prior to the surge in long-term interest rates that followed the passage of the tax bill,â said Len Kiefer, deputy chief economist for Freddie Mac. âIf those rate increases stick, we'll
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Vwr mortgage. See the latest EPS estimates. 6 4775693562. 907. 9 119929136884. 6 7752214704. Dechert LLP is an international law firm of more than 900 lawyers with top-ranked practices in corporate and securities, complex litigation, finance and real estate High Street Capital: TLC, headquartered
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For the first time during Trump's first year in office, the GOP-controlled Senate Banking Committee refused to confirm one of the president's federal nominees. Two committee Republicans, Sen. Tim Scott of South Carolina and Sen. Mike Rounds of South Dakota, joined with Democrats to reject Scott
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Payday lending titan Scott Tucker now faces a new indictment for failing to report millions in income. The 55-year-old Leawood businessman has been charged with one count of filing a false tax return, which joins a growing list of previous charges, according to a release from the U.S. Attorney's office in
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LANDBAY is set to lend out a record £10m this month, thanks to new institutional investment into the peer-to-peer platform. John Goodall, chief executive of the buy-to-let specialist, told Peer2Peer Finance News that Landbay will have lent out almost £40m this year, of which £23m was lent out in the last
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President Donald Trump may have to wait until after the New Year to sign a sweeping tax reform bill to avoid triggering automatic cuts to Medicare and other programs. The Tax Cuts and Jobs Act of 2017, which Congress approved this week, is a $1.5 trillion package that slashes taxes for businesses
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The results of the vote on Jerusalem are seen on display boards at the General Assembly hall, on December 21, 2017, at UN Headquarters in New York. EDUARDO MUNOZ ALVAREZ/AFP/Getty Images. By Andrew Nusca. 12:39 PM EST. The United Nations General Assembly on Thursday declared the
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Xinyuan Real Estate Co., Ltd. (NYSE:XIN)[Trend Analysis] shares price build up 7.00% during latest trading session. … ratio of 23.10% for trailing twelve months and operating margin is calculated as 8.90%, these are a better detectors to find consistency or positive/negative trends in a firm's earnings.
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In fact, what was merely speculation in 2017, may just become reality in the New Year. Helping us predict what will be trending in the upcoming year, Kenco, a provider of integrated logistics solutions, real estate services and material handling equipment, compiled insights from their thought leaders on
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Within a few months this year the central bank had to rescue three major banks – Otkritie, B&N and Promsvyazbank – after shutting hundreds of troubled lenders in the past few years as it cleans up the country's banking sector. The central bank has repeatedly said it would sell the banks it rescued back to
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Editor's note: This is part 2 in a series of stories featuring industry predictions fromfast casualleaders around the world. Read part 1 here. An increased focus on delivery, the elevation of vegetarian and vegan concepts, embracing automation and finding ways to operate in smaller areas are just a few
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