Real Estate

Agency mortgage-backed securities (MBS) are debt obligations backed by the government and issued by agencies like Fannie Mae, Freddie Mac, and Ginnie Mae. These securities are considered a high-quality asset class with minimal credit risk and high liquidity. Leslie Falconio, head of taxable fixed income strategy at UBS Americas, highlights the current yields of around
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China’s real estate industry continues to face challenges that are far from over, according to a recent report by global investment firm KKR. The firm’s head of global and macro asset allocation, Henry H. McVey, highlighted the need for addressing the fundamentally overbuilt real estate sector quickly. The property industry in China has been on
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The past week has seen minimal movement in mortgage rates, mirroring the stagnant state of mortgage demand for the second consecutive week. The reasons behind this lack of activity can be attributed to the excessive costs associated with mortgages and the limited supply available in the market. Potential homebuyers find themselves constrained by these factors,
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Federal prosecutors have taken legal action to seize two upscale New York City apartments valued at $14 million, which are believed to have been purchased using funds obtained through a corrupt scheme connected to Mongolia’s significant copper mine. The lawsuit, filed in U.S. District Court in Brooklyn, exposes a series of alleged illegal contracts totaling
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