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14.11.25 - 15:15
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Treasury official pours cold water on 50-year-mortgage proposal (The Hill)
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A Treasury Department official signaled Thursday that President Trump's 50-year mortgage proposal is unlikely to address affordability, an issue at the top of U.S. voters' minds after last week's elections. Joe Lavorgna, a counselor to Treasury Secretary Scott Bessent, was asked during an appearance on NewsNation's "The Hill" whether he thought the proposal was a......
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14.11.25 - 06:06
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Evergrande liquidators set month-end deadline for bids on property services unit (SCMP)
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Liquidators for the delisted China Evergrande Group have asked “selected bidders” to submit their offers by the end of the month for a property management unit they have been seeking to sell, according to a filing to the Hong Kong stock exchange on Friday.
The deadline for the offer, as well as identifying bidders for China Evergrande's stake in Evergrande Property Services (EPS), comes as creditors seek to recover assets from the Guangzhou-based developer, which collapsed under the weight of......
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14.11.25 - 06:00
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Cityscape Global 2025: the world′s leading real estate marketplace (SCMP)
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As a transformational force in global urban development, Cityscape Global is shaping the future of urban living through the next generation of city innovators, investors and designers. From November 17 to 20, the definitive platform for international investors seeking entry into the Saudi Arabian market will return to the kingdom's capital, with this year's event attracting more than 450 exhibitors, over 500 speakers, and visitors from more than 120 countries.
Last year, the Riyadh-based,......
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14.11.25 - 05:27
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Trump Admin Considering ′Portable Mortgages′: Top US Housing Regulator (ZeroHedge)
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Trump Admin Considering 'Portable Mortgages': Top US Housing Regulator
Authored by Andrew Moran via The Epoch Times,
The country's top housing regulator said the Trump administration is considering another tool that could address America's affordability challenges.
“We are actively evaluating portable mortgages,” Bill Pulte, Federal Housing Finance Agency director, said in a Nov. 12 post on X, providing no further details.
This comes days after he suggested that Fannie Mae and Freddie Mac were “evaluating how to do assumable or portable mortgages, in a safe and sound manner.”
Portable mortgages would allow homeowners to transfer their existing mortgages—rates, terms, and amortization schedule—to a new residential property.
The concept, in theory, would help borrowers avoid penalties and possibly save on interest.
It is unavailable in the United States but is an option in Canada, the UK, and parts of the European Union.
Assumable mortgages refer to when a homebuyer takes over th...
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14.11.25 - 05:24
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China′s housing slide deepens as October prices fall at fastest pace in a year (SCMP)
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The decline in China's home prices is accelerating, with new home prices in October – traditionally a peak month for sales – falling at the fastest pace in 12 months across the country despite government support, as the economy slows and job prospects remain uncertain.
New home prices fell 0.5 per cent month on month on average across 70 sampled cities, according to National Bureau of Statistics data released on Friday. It was the steepest drop since the 0.7 per cent fall in September last year.......
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14.11.25 - 03:57
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Bondi Says Acting US Attorney Alina Habba Confronted, Property Destroyed (ZeroHedge)
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Bondi Says Acting US Attorney Alina Habba Confronted, Property Destroyed
Authored by Jack Phillips via The Epoch Times (emphasis ours),
U.S. Attorney General Pam Bondi said on Thursday that an individual allegedly tried to confront acting U.S. Attorney for the District of New Jersey Alina Habba and destroyed property.
Alina Habba, with husband Gregg Reuben, is sworn in by U.S. Attorney General Pam Bondi as interim U.S. attorney for New Jersey, in the Oval Office of the White House in Washington on March 28, 2025. Saul Loeb/AFP via Getty Images
Bondi vowed to find and prosecute the person.
“Last night, an individual attempted to confront one of our U.S. Attorneys,” she said, before confirming that the U.S. attorney was Habba. The person then allegedly “destroyed property in her office, and then fled the scene,” Bondi added. “Thankfully, Alina is ok.”
“Any violence or threats of violence against any federal officer will not be tolerated. Period. This is unfortunately becoming a tre...
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14.11.25 - 01:21
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Underwater Mortgages Rise To 3-Year High Amid Cooling US Housing Market (ZeroHedge)
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Underwater Mortgages Rise To 3-Year High Amid Cooling US Housing Market
Authored by Tom Ozimek via The Epoch Times (emphasis ours),
A new report from the Intercontinental Exchange shows that nearly 875,000 homeowners now owe more on their mortgages than their properties are worth—the highest level in three years—as softening home prices and elevated borrowing costs squeeze household finances.
Townhouse for sale in Elkridge, Md., on Sept. 27, 2024. Madalina Vasiliu/The Epoch Times
The surge in negative equity represents 1.6 percent of all mortgage holders and highlights a worsening affordability landscape that officials in the Trump administration say is weighing on the broader economy.
While the jump is notable, the Intercontinental Exchange said in the Nov. 10 report, the overall share of underwater loans remains comparable to long-term averages prior to the pandemic housing boom, with the exception of the Great Recession. Still, the company warned that certain markets are seeing concentr...
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14.11.25 - 00:36
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Trump is pushing 50-year mortgages. Talk about short-term thinking | Arwa Mahdawi (The Guardian)
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A proposal touting 50-year mortgages could double interest payments and worsen inequalityWould you like to buy a crumbling shack for $2m? Well then, you're in luck, because that just about sums up the state of the housing market right now. Housing, particularly in places with a decent job market, has become increasingly unaffordable in the US. That's partly thanks to quantitative easing during the pandemic, which supercharged housing inflation. The median American home price in January was $418,000, about a 45% increase from $289,000 five years ago, per Redfin data. Wages haven't gone up at the same rate, and housing prices compared to income have reached an all-time high.In post-pandemic America, there are three groups of people. First, there are those who own their home outright and those who bought a house before the pandemic, then refinanced during the historically low interest rates we saw in 2020 and 2021. Many of those homeowners are now sitting on large piles of equity. Continue reading......
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