ValueWalk.com, Oct. 20, 2015–Byrne, Brendan The world’s largest alternate investment group is nearing a deal for a collection of over 11,000 apartments on Manhattan’s east side.
Category: Top National News
Why Americans Don’t Trust the Fed
Wall Street Journal, Oct. 16, 2015–Lowenstein, Roger Antipathy to the central bank is a uniquely American tradition. No federal agency, except the Internal Revenue service, is held in lower regard than the Federal Reserve, according to public opinion surveys. The left accuses the Fed of being too cozy with banks; the right says it is planting the seeds of a massive inflation.
Report: Denver Commercial Real Estate Market ‘In a Groove’
Denver Post, Oct. 16, 2015–Rusch, Emilie Nearly one million square feet of new office space came online during a strong third quarter for the Denver commercial real estate market, according to CBRE.
Lawsuit Says Manhattan Real Estate Was Used to Launder Money
Wall Street Journal, Oct. 17, 2015–Karmin, Craig; Brown, Eliot
A banker and a former politician from Kazakhstan tried to launder tens of millions of dollars of stolen money through New York real-estate holdings, a civil lawsuit alleges.
Big Banks to America’s Firms: We Don’t Want Your Cash
Wall Street Journal, Oct. 18, 2015–Chung, Juliet; Krouse, Sarah
Profit-crunching low interest rates have banks judging cash too costly to keep.
More People Getting Hired, Quitting Their Jobs
U.S. News & World Report, Oct. 16, 2015–Soergel, Andrew
The number of job openings in the U.S. fell at the end of August, as more workers were hired and despite the fact that the number of employees voluntarily leaving their jobs reached a five-month high.
New Rules Make Mortgage Paperwork Simpler, But Slower
USA Today, Oct. 18, 2015–Huang, Jayue
The days of slogging through four overlapping, complex mortgage disclosure forms are gone. The new Know Before You Owe rules aim to clear up the confusion.
Real-Estate Tech’s Two-Edged Boom
Wall Street Journal, Oct. 18, 2015–Grant, Peter
There was both good news and bad news last week at an event hosted by Rubicon Venture Capital for the dozens of technology startups trying to muscle into New York’s real-estate-services industry.
Quicken Joins Freddie Mac to Offer Loans While Battling U.S.
Bloomberg,Oct. 19, 2015–Hopkins, Cheyenne
Quicken Loans Inc., the biggest U.S. online mortgage lender, is partnering with Freddie Mac to boost business among first-time and middle-income borrowers as it battles allegations over its past underwriting practices on Federal Housing Administration-backed mortgages.
Green Financing Has Hobbled Home Sales in California
Reuters, Oct. 19, 2015–Groom, Nichola
An innovative, government-sponsored program aimed at funding energy-saving home improvements has drawn praise from powerful supporters, including President Obama. But complaints from a growing number of homeowners, lenders and realtors in California suggest the financing is making homes more difficult to sell and disrupting the mortgage market.