Finance debt – Windge Fluester http://windgefluester.net/ Thu, 30 Sep 2021 06:12:41 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://windgefluester.net/wp-content/uploads/2021/05/cropped-icon-32x32.png Finance debt – Windge Fluester http://windgefluester.net/ 32 32 KBRA Releases Research – CMBS Loan Performance Trends: March 2021 Update https://windgefluester.net/kbra-releases-research-cmbs-loan-performance-trends-march-2021-update/ https://windgefluester.net/kbra-releases-research-cmbs-loan-performance-trends-march-2021-update/#respond Thu, 08 Apr 2021 02:38:32 +0000 https://windgefluester.net/kbra-releases-research-cmbs-loan-performance-trends-march-2021-update/ NEW YORK–(COMMERCIAL THREAD) – Kroll Bond Rating Agency (KBRA) publishes a report on the performance trends of commercial mortgage-backed securities (CMBS) lending in the United States observed during the service reference period of March 2021. The March’s delinquency rate remained at 5.9% compared to February. It was a mixed performance by type of property. In […]]]>

NEW YORK–() – Kroll Bond Rating Agency (KBRA) publishes a report on the performance trends of commercial mortgage-backed securities (CMBS) lending in the United States observed during the service reference period of March 2021. The March’s delinquency rate remained at 5.9% compared to February.

It was a mixed performance by type of property. In March, the housing delinquency rate increased to 17.2% against 16.7% the previous month. However, the rate of default and special services among home loans actually declined to 21.6% from 21.9%. Multifamily and office also saw increases in their delinquency rate, to 3.3% from 2.2% and 1.5% from 1.3%, respectively. The increases were driven by a few larger, newly delinquent loans in New York City. Among other types of real estate, retail posted the largest drop in the default rate, which fell 60 basis points (bps) to 8.1%.

In the report, we also provide the conduit delinquency rate by property type for major metropolitan statistical areas (MSA) and compare these numbers with the rates released six months ago. The overall duct failure rate has fallen 80 basis points to 7.1% in the past six months. However, not all MSAs tended to decline, with New York and Chicago recording the largest increase in their delinquency rates (150bp to 9.6% and 120bp to 12.1%, respectively). Atlanta and Miami are doing better, recording the greatest improvement in their delinquency rates (240 bps at 5.5% and 180 bps at 8.7%). In addition, a breakdown by property type showed two notable changes in the accommodation delinquency rate: New York (increasing to 44% from 23.8%) and Atlanta (down to 13.7% from 25. 5%) during the six-month period.

Click on here to view the report.

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About KBRA

KBRA is a full service credit rating agency registered in the US, EU and UK, and is designated to provide structured finance ratings in Canada. KBRA ratings may be used by investors for regulatory capital purposes in several jurisdictions.


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Play this innovative horror game – The Cowl https://windgefluester.net/play-this-innovative-horror-game-the-cowl/ https://windgefluester.net/play-this-innovative-horror-game-the-cowl/#respond Thu, 08 Apr 2021 02:38:11 +0000 https://windgefluester.net/play-this-innovative-horror-game-the-cowl/ Get into the Halloween spirit with this immersive experience by Dave Argento ’21 Staff A&E PHOTO COURTESY OF YOUTUBE While most ghost-hunting TV shows will make audiences laugh more than shudder, the immersive elements of the trending new game, Phasmophobia, takes gamers beyond any psychological horror video game before. Four ambitious Ghostbusters team up to […]]]>

Get into the Halloween spirit with this immersive experience

by Dave Argento ’21 Staff A&E

PHOTO COURTESY OF YOUTUBE

While most ghost-hunting TV shows will make audiences laugh more than shudder, the immersive elements of the trending new game, Phasmophobia, takes gamers beyond any psychological horror video game before. Four ambitious Ghostbusters team up to investigate and report on paranormal activity that has increased in environments such as a school, several street houses, farms, and a huge lunatic asylum.

The group of players should use their limited ghost hunting gear to find as much evidence as possible to locate and report the ghost they are dealing with, but only if they are not caught up in the process. What separates Phasmophobia other horror titles aren’t the graphics or complexity, but rather the innovative use of audio and video features that only games currently allow.

Players must all connect via the in-game audio features to communicate with each other, making proximity to your friends vital so as not to get caught by a murderous specter during the game. The game uses word recognition to tailor the experience to the players. Each ghost has a name that causes an in-game reaction when spoken. Say the ghost’s name once too often and your friends might not hear your voice anymore.

What takes Phasmophobia to the next level is the virtual reality capabilities that can make a player loses some sleep at night. This combination of realistic visuals, looking around the room physically, and whispering ghosts creeping into your headphones makes the hunt more realistic than expected. You will find yourself having a conversation with an in-game ghost that responds in a spooky way.

Rich Stanton, a games reporter, writes, Phasmophobia the genius is that it is a game of restraint and subtlety. As you become more familiar with the minimalist designs of the items, which you can only carry three at a time, and the movements of the characters, the ghosts you will encounter become more and more aggressive and playful. They’ll cut you off from your team, blow your ear, and send silhouettes in front of you for brief seconds, leaving you less confident that you’ve walked in. On each turn, your team will earn a certain amount of in-game money for your performance at work by identifying ghosts, losing money for each crew member who doesn’t return.

Phasmophobia has skyrocketed in popularity sinceIt was released on September 18th due to the many Twitch.tv streamers and YouTubers who enjoyed it. According to TwitchTracker.com, Phasmophobia was the fifth most released game during the first week of October 2020. Its long term success will depend on the ability of game developers to step up gameplay optimization and add new content to keep players coming back for more. .

Reasonably priced at $ 13.99 on the Steam Community Market, Phasmophobia is the perfect way for you and your friends to test your fear factors this Halloween. Turn off the lights, put on your headphones, and good luck finding out how scared of ghosts you are.


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Swans re-sign exciting young AFL trio | Campbelltown-Macarthur Advertiser https://windgefluester.net/swans-re-sign-exciting-young-afl-trio-campbelltown-macarthur-advertiser/ https://windgefluester.net/swans-re-sign-exciting-young-afl-trio-campbelltown-macarthur-advertiser/#respond Thu, 08 Apr 2021 02:37:55 +0000 https://windgefluester.net/swans-re-sign-exciting-young-afl-trio-campbelltown-macarthur-advertiser/ Gun utility Nick Blakey has joined James Rowbottom and Chad Warner in signing contract extensions with Sydney following the start of the AFL season for the Swans. The exciting young trio are locked up after Sydney left unbeaten in three rounds last week winning the scalp of champions Richmond. Blakey has been a revelation in […]]]>

Gun utility Nick Blakey has joined James Rowbottom and Chad Warner in signing contract extensions with Sydney following the start of the AFL season for the Swans.

The exciting young trio are locked up after Sydney left unbeaten in three rounds last week winning the scalp of champions Richmond.

Blakey has been a revelation in his 40 games, scoring 40 goals since joining Swans Academy and being selected No. 10 in the 2018 AFL Draft.

The 21-year-old said he was excited about the current squad and happy to sign for another three years.

“To be hired for a few more years is really exciting,” said Blakey.

“The first few laps were fun with the young boys playing key roles and the older guys showing us the way.

Rowbottom is also committed until the end of 2024 while Warner is committed until the end of 2023.

Midfielder Rowbottom, who was selected 25 in the same draft as Blakey, has impressed in his 29 games so far but has been sidelined since the first round with a knee injury.

“We take it all in our stride, week after week we have done a good job and (after missing the last two games with an injury) I can’t wait to go back myself”, 20 said old Rowbottom.

Warner, 19, has appeared in five games, with the midfielder named the AFL’s latest Rising Star contender.

Associated Australian Press


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FinanZero, Brazil’s Free Online Credit Marketplace, Raises $ 7 Million https://windgefluester.net/finanzero-brazils-free-online-credit-marketplace-raises-7-million/ https://windgefluester.net/finanzero-brazils-free-online-credit-marketplace-raises-7-million/#respond Thu, 08 Apr 2021 02:37:35 +0000 https://windgefluester.net/finanzero-brazils-free-online-credit-marketplace-raises-7-million/ FinanZero, a Brazilian online lending marketplace, today announced it has closed a $ 7 million funding round – its fourth since its launch in 2016. It has raised a total of $ 22.85 million at that time. day. The real-time online loan broker allows people to apply for a personal loan, car loan or home […]]]>

FinanZero, a Brazilian online lending marketplace, today announced it has closed a $ 7 million funding round – its fourth since its launch in 2016. It has raised a total of $ 22.85 million at that time. day.

The real-time online loan broker allows people to apply for a personal loan, car loan or home equity loan for free and receive a response within minutes. One of the keys to FinanZero’s success is that it does not offer the loans itself, but has instead partnered with around 51 banks and fintechs that support the loans.

FinanZero is based in São Paulo, the financial capital of Brazil, and has 52 employees.

“From day one we said, ‘We only work with a success fee,’ so we are only paid when the client signs the loan agreement,” said Olle Widen, co-founder and CEO of the company.

Instead of billing the customer, FinanZero collects a commission from one of its partners, and with an increasing volume of credit requests – an average of 750,000 requests per month – the company has seen revenue growth of 61%. between 2019 and 2020.

Olle Widen, co-founder and CEO of FinanZero. Image credits: FinanZero

The Brazilian financial and banking market is ripe for disruption, as it has traditionally favored the wealthy.

Those with low incomes – the vast majority of Brazilian citizens – then find themselves with few options when it comes to financing, forcing them to take on more debt from which they will probably never escape. Traditionally, young Brazilians have lived with their families until they get married, and while there is a cultural aspect, the bottom line is that mortgages were infinitely difficult to obtain.

With products like FinanZero and Nubank – Latin America’s largest digital bank – Brazilians are starting to see more economic mobility and independence from the legacy institutions that have dictated their lives for so long.

Widen, who is Swedish, moved to Brazil about 10 years ago for personal reasons, and during her stay the idea for FinanZero was pioneered by Webrock Ventures, an investment firm focused on introducing l Nordic innovation in Brazil.

At the time, Swedish startup Lendo – a precursor to FinanZero – was making waves in Sweden, and the team believed that a similar model would succeed in Brazil, a country known for its bureaucracy and bureaucracy, and therefore ready for a hassle free approach to loans.

The original idea was to just copy Lendo, Widen said, but as others have discovered, along the way the team had to ‘tropicalize’ the product and the experience, which means they had to create a personalized solution for the Brazilian market and its people.

“The founder of Lendo was a childhood friend of mine,” Widen said of his close ties to Swedish fintech.

To apply for a loan on FinanZero, you do not need to provide your credit score. Instead, all you need is a utility bill (proof of address), proof of income, and your government ID. The process is so simple, Widen said, that 92% of loan applications are initiated from a smartphone.

“Our business model is very much based on the bank’s risk appetite and we recorded 60% growth in 2019-2020. We are almost 3 million visits per month, about 1.5 are unique and in March 2021, 800,000 people have completed the entire loan form. We have an approval rate of around 10% on all products, ”Widen said.

The round was led by Swedish investors VEF, Dunross & Co and Atlant Fonder, all of whom are former investors in the company. The funding will go to marketing – most of which will be broadcast on television – product development and talent acquisition.


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Woman accused of stealing Nancy Pelosi’s laptop delays abuse hearing against man who called FBI https://windgefluester.net/woman-accused-of-stealing-nancy-pelosis-laptop-delays-abuse-hearing-against-man-who-called-fbi/ https://windgefluester.net/woman-accused-of-stealing-nancy-pelosis-laptop-delays-abuse-hearing-against-man-who-called-fbi/#respond Thu, 08 Apr 2021 02:37:12 +0000 https://windgefluester.net/woman-accused-of-stealing-nancy-pelosis-laptop-delays-abuse-hearing-against-man-who-called-fbi/ Central Pennsylvania woman accused of Nancy Pelosi’s laptop theft claims she was not running away from authorities and removing evidence from social media in the days following the Capitol riot, but did was actually hiding from an ex-boyfriend. Riley Williams, 22, sought an abuse protection order against her ex-boyfriend in Dauphin County court on January […]]]>

Central Pennsylvania woman accused of Nancy Pelosi’s laptop theft claims she was not running away from authorities and removing evidence from social media in the days following the Capitol riot, but did was actually hiding from an ex-boyfriend.

Riley Williams, 22, sought an abuse protection order against her ex-boyfriend in Dauphin County court on January 13, the same week federal investigators said the ex-boyfriend called them after recognizing her in video footage inside the Capitol on January 6. seat. He provided information against her to the FBI, according to court records, and she now faces federal criminal charges.

A judge granted temporary protection against abuse on January 14 based on Williams’ claims and has scheduled a hearing for Wednesday at 8 a.m. to hear evidence. The ex-boyfriend told PennLive he was eager to provide evidence and refute his abuse claims at the hearing.

Williams, however, requested an extension and the judge granted it. The hearing is now set for April 21.

“This hearing has continued against our client’s wishes,” said attorney R. Emmett Madden. “He is eager to present his evidence proving that all of Ms William’s claims are false and that his efforts to use her as a scapegoat will not succeed.”

One of Williams’ allegations against her ex-boyfriend was that he showed up at her mother’s and her house at 5:30 p.m. on January 11. Her mother called 911 regarding a “suspicious person”. But Madden provided a police report from the ex-boyfriend’s hometown in New Jersey that showed police there confirmed his whereabouts in New Jersey at 5:44 p.m. on January 11 after receiving a call from Harrisburg Police.

Protection from the abuse hearing took on added importance due to the former boyfriend’s role providing information against Williams to the FBI, including allegations that she wanted to sell Pelosi’s laptop to the Russians.

In court documents, police say Williams bagged a bag, changed her phone number and deleted her social media accounts to avoid the police. But when Williams appeared in court last week, her defense attorney said a police officer told her to change her phone number to avoid her abusive boyfriend.

The defense admitted Williams was inside the Capitol, but said the former boyfriend’s accusations were “exaggerated”.

The ex-boyfriend told authorities Williams still had “Pelosi’s computer device or destroyed it,” a special agent wrote in the affidavit. “This matter remains under investigation.”

Williams ‘defense attorney said Tuesday that the FBI failed to recover Williams’ laptop despite searches of his home and car, media reported. The fate of the laptop remains unknown.

In Williams’ application for protection filed Jan. 13, she said her ex-boyfriend visited her and her mother’s home on Jan. 11 “without invitation” and “without permission” to search for her.

“The police told him not to come to my house and he always does,” Williams said, alleging he “stalked and threatened” her.

She said he repeatedly called her at work, tried to get her fired, asked friends to harass her, shared nude photos of her with relatives and acted violently towards her .

She also said: “He contacted the FBI and told them that I had access to Nancy Pelosi’s laptop and sold it to the Russians.”

The laptop’s reference was included in its summary of the “facts of the most recent incident of abuse” on the abuse protection form. She said “only dated this person for about three months.”

PennLive does not name the tipster, who lives in New Jersey, because he was not named by federal authorities in court documents.

Her attorney said Williams’ abuse allegations are easily refuted and that she filed them “in her mistaken logic” to try to prevent her client from reporting things he knew to the FBI.

“His claims make no sense,” Madden said. “The authorities don’t charge based on what an ex-boyfriend says, they have independent evidence. She clings to the straws.

Madden said he believed Williams, who was appearing for Wednesday’s PFA hearing, was likely unprepared and could have faced possible Fifth Amendment self-incrimination issues due to the overlap of allegations of abuse and federal criminal charges she fights.

Williams has been charged with theft, obstruction and trespassing, as well as violent entry and disorderly conduct on Capitol grounds.

On January 14, the Dauphin County Judge ordered the ex-boyfriend to stay away from Williams, his home, workplace and his mother’s home in Lower Paxton and had him also prohibited from posting remarks or images concerning Williams on a social network. These restrictions remain in place until the April hearing.

Williams graduated from Mechanicsburg Area Senior High in 2017, according to published graduate lists and yearbooks. According to court records online, she has no criminal records in Pennsylvania, just six traffic violations from 2017 to 2019 in Cumberland and Dauphin counties.

The federal affidavit states that Williams visited the Capitol in Washington DC with her father, who lives in Camp Hill. They broke up during the protest but returned together later, according to the affidavit.

READ: ‘Not just Riley Williams’: Mechanicsburg teenager mistaken for woman arrested in United States Capitol riot


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2021 North Carolina First-Time Home Buyers https://windgefluester.net/2021-north-carolina-first-time-home-buyers/ https://windgefluester.net/2021-north-carolina-first-time-home-buyers/#respond Thu, 08 Apr 2021 02:36:33 +0000 https://windgefluester.net/2021-north-carolina-first-time-home-buyers/ Buying your first home can seem overwhelming, especially when you are applying for a mortgage and covering the upfront costs. If you are looking for a home in North Carolina, there is an advantage: the North Carolina Housing Finance Agency can help you with your deposit, and offer you an affordable loan and other ways […]]]>

Buying your first home can seem overwhelming, especially when you are applying for a mortgage and covering the upfront costs. If you are looking for a home in North Carolina, there is an advantage: the North Carolina Housing Finance Agency can help you with your deposit, and offer you an affordable loan and other ways to save, if you qualify.



a small church in a garden: House in Raleigh, North Carolina


© PT Hamilton / Shutterstock
House in Raleigh, North Carolina

North Carolina First-Time Home Buyers Loan Programs

The North Carolina Housing Finance Agency (NCHFA) ​​operates three programs to meet the diverse needs of potential homeowners: the NC Home Advantage Mortgage, the NC 1st Home Advantage Down Payment, and the NC Home Advantage Tax Credit.

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NCHFA NC Home Advantage Mortgage

The NCHFA NC Home Advantage Mortgage is available to both first-time home buyers and those who already own a home, or “move-in” buyers. A first-time home buyer is considered to be someone who has not owned a home in the past three years.

The program offers a fixed rate mortgage – either a conventional, FHA, VA, or USDA loan – and up to 5% down payment assistance (3% for a conventional loan). This help comes in the form of a second, interest-free mortgage that doesn’t need to be paid off unless you sell your home or pay off or refinance your first mortgage within the first 15 years of your loan term.

Here are the conditions to qualify:

  • Your annual income does not exceed $ 92,000.
  • Your credit score is 640 or higher.
  • Your debt-to-income ratio (DTI) does not exceed 43%.
  • You are purchasing either a single family home, townhouse, condo, duplex (FHA loan only), or a new manufactured home (FHA, VA or USDA loans only, with a minimum credit score of 660).

North Carolina Down Payment Assistance

NCHFA NC 1st Advantage Home Advantage

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NCHFA also offers $ 8,000 down payment assistance specifically to first-time homebuyers, veterans and those buying in special targeted markets through the NC 1st Home Advantage down payment program. This assistance comes in the form of a second zero percent mortgage fully canceled after 15 years. To be eligible, you must obtain an NC Home Advantage mortgage and meet the requirements for this program.

Other North Carolina Homebuyer Assistance Programs

NC Home Advantage Tax Credit

First-time buyers and veterans alike can combine an NC Home Advantage Mortgage with the NC Home Advantage Tax Credit, the mortgage loan certificate (MCC).

An MCC allows you to claim a federal tax credit equal to 30% of your mortgage interest if you buy an existing home or 50% if you buy new construction. Regardless of the rate, the credit is capped at $ 2,000 per year, but can be used each year as long as you live in your home.

Note that this incentive cannot be combined with the NC 1st Home Advantage deposit.

Other first-time home purchase loan programs

While the NCHFA can help you navigate your first home purchase, you don’t need to go through the state housing finance authority to find an affordable first-time home purchase loan. . Many mortgage lenders offer low-down or no-down mortgages, including FHA, VA, and USDA loans, which can help you get to your first home faster. Explore your options with Bankrate’s guide to first-time home purchase loans and programs.

For other North Carolina homeownership programs, including by city, visit HUD.gov.

To start

If you’re interested in any of the North Carolina Housing Finance Agency’s programs, visit the organization’s website for program information and guides on what you need to know before buying your first home. You can also use the website to find a mortgage lender in your area, and can specifically search for Spanish-speaking lenders.

Whichever mortgage loan is best for you, it’s worth comparing lenders and offers to get the best mortgage rate for your credit and financial situation. You can see the current Mortgage Rates in North Carolina via Bankrate.

Learn more:

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Lions fans rush to Texans charity QB Deshaun Watson to say thank you for their role in the household https://windgefluester.net/lions-fans-rush-to-texans-charity-qb-deshaun-watson-to-say-thank-you-for-their-role-in-the-household/ https://windgefluester.net/lions-fans-rush-to-texans-charity-qb-deshaun-watson-to-say-thank-you-for-their-role-in-the-household/#respond Wed, 07 Apr 2021 23:17:43 +0000 https://windgefluester.net/lions-fans-rush-to-texans-charity-qb-deshaun-watson-to-say-thank-you-for-their-role-in-the-household/ ALLEN PARK – Deshaun Watson tore the Detroit Lions apart on Thanksgiving, dealing the final blow to Matt Patricia and Bob Quinn’s tenure. While it may seem bleak to some, a group of fans showed their appreciation by rushing to the Texans quarterback’s charity to thank him for his role. Houston beat the Detroit Lions […]]]>

ALLEN PARK – Deshaun Watson tore the Detroit Lions apart on Thanksgiving, dealing the final blow to Matt Patricia and Bob Quinn’s tenure.

While it may seem bleak to some, a group of fans showed their appreciation by rushing to the Texans quarterback’s charity to thank him for his role. Houston beat the Detroit Lions 41-25 on Thanksgiving, and it wasn’t even that close. Watson threw for 318 yards and four touchdowns in the win, putting away the game with a flea flicker in the fourth quarter, he asked his coach to tune in. He slipped out of the pocket with ease and confidently threw the ball over Patricia’s defense on the way to rout in front of a domestic crowd.

Lions owner Sheila Ford Hamp has said Detroit’s previous two games, a shutout loss to the Panthers and then Thanksgiving, played a role in the coach and general manager’s dismissal mid-season.

“You know 10 days ago we looked like we had a good chance of being tied in the playoffs and those two games were extremely disappointing,” said Ford Hamp. “It just seemed like the way forward wasn’t what we wanted it to be, so, yes, we thought it was a good time to make the switch.”

Detroit Pride reports that the efforts were led by a group of Lions fans on Reddit. One of the ideas for catching fire was to donate $ 13 in honor of each of Patricia’s victories in Detroit. NFL Network Reports over $ 1,000 arrived Sunday morning. Watson will match the donations and give the first 100 people a free lunch at Lefty’s Cheesesteak in Detroit.

Watson is co-owner of the national channel, according to the company’s statement website. The Detroit location would also be where the Texans enjoyed their pre-game meal earlier in the week. The “Deshaun Watson Foundation” focuses on education, health, housing and other issues facing families and children in underserved communities.

Related links:

Matt Patricia’s reign of error was unraveling before it even started (Column)

Detroit Lions stay with President Rod Wood amid layoffs

Much-loved Darrell Bevell chosen as interim Lions head coach

15 names for the Detroit Lions to consider for their vacant head coach position ($)

Inside Sheila Ford Hamp’s decision to fire Matt Patricia, Bob Quinn right now: “It clearly wasn’t working”

Former Lions players can’t hold back after Matt Patricia and Bob Quinn fired

Matt Patricia and Bob Quinn sacked by Detroit Lions

What they’re saying nationally about Matt Patricia and Bob Quinn’s mid-season layoff in Detroit


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Looking Ahead: How Rising Real Estate Prices Can Improve Mortgage REIT Performance https://windgefluester.net/looking-ahead-how-rising-real-estate-prices-can-improve-mortgage-reit-performance/ https://windgefluester.net/looking-ahead-how-rising-real-estate-prices-can-improve-mortgage-reit-performance/#respond Wed, 07 Apr 2021 23:17:41 +0000 https://windgefluester.net/looking-ahead-how-rising-real-estate-prices-can-improve-mortgage-reit-performance/ Home prices are rising so rapidly in the United States that some are talking about another real estate bubble. While there is very little chance that this will happen right now (the necessary pieces of the puzzle are just not there), we are seeing house price appreciation and bidding wars similar to that of the […]]]>

Home prices are rising so rapidly in the United States that some are talking about another real estate bubble. While there is very little chance that this will happen right now (the necessary pieces of the puzzle are just not there), we are seeing house price appreciation and bidding wars similar to that of the 2004-2006 real estate bubble.

While mortgage real estate investment trusts (REITs) are primarily sensitive to fluctuations in interest rates, rising house prices are another benefit. How does this help businesses like Annaly Capital management (NYSE: NLY), New Residential (NYSE: NRZ), Where MFA Financial (NYSE: AMF)?

Image source: Getty Images.

Home prices are rising at double-digit pace

According to the National Association of Realtors, there were just over one million homes for sale in the United States at the end of February, which is a record. As a result, the median home price increased 15.8% year over year. The S&P CoreLogic Case-Shiller Home Price Index recorded a gain of 10.4% in 2020. There is a huge imbalance between supply and demand in the single-family home market as professional investors compete against each other. with home buyers fleeing the cities.

While people will start to use terms like “bubble” whenever an asset price has a big gain, it helps to understand that such things are quite rare. Residential real estate bubbles occur every three or four generations (the previous one was in the 1920s), and they force all major players – investors, bankers and government – to believe that an asset is “special” and cannot. publication date. Memories of 2008 are too recent for this to really happen. Real estate prices rise as demand exceeds supply.

Mortgage REITs have a unique way to capitalize

Mortgage REITs are different from traditional REITs, so it makes sense to take a minute to understand the differences. Most traditional REITs follow a tenant / owner model, where a company builds an office building, apartment building, or shopping mall and rents the units to individual tenants. Mortgage REITs do not invest in real estate; they invest in real estate debt (ie mortgages). While traditional REITs generate rental income, mortgage REITs earn interest.

Thus, mortgage REITs exposed to unsecured government mortgages will benefit from rising house prices. Let’s take a closer look at the three I named above.

MFA Financial’s portfolio is primarily invested in Whole Residential Loans and Real Estate Owned (REO). The company owns approximately $ 250 million in property, following foreclosures. Single-family rental vehicles are all the rage right now, and home builders Lennar recently raised capital to buy existing homes, putting it in direct competition with 4 American houses for rent and Houses Invitation. These companies obtain rental income as well as an appreciation in the price of the assets.

While Annaly Capital invests primarily in mortgage-backed securities guaranteed by the US government, it also has a large portfolio of loans that are unsecured. As house prices rise, loan performance improves because borrowers are less likely to give up a property that is worth more than the mortgage owed. Second, these loans are carried on Annaly’s balance sheet at 75% of their face value, which means that increased refinancing activity will allow this discount to be realized quickly.

Another mortgage REIT that will benefit is New Residential, which has a large mortgage origination arm. New residential occupies a prominent place in the unskilled mortgage industry, which contains mortgages that are unsecured by the US government. These loans have higher rates than traditional government mortgages and are often made to professional real estate investors. This is another case where improving house prices will promote better credit performance. The new residential will also be benefit to a recent rule change for Fannie Mae and Freddie Mac, which will present a broader lending opportunity for the company.

While the earnings of mortgage REITs are largely influenced by changes in interest rates, these assets are at least somewhat sensitive to the underlying fundamentals of the real estate market. However, these companies mainly trade on their dividend yields and book values. In an environment where we are seeing rapidly rising house prices, REITs most exposed to residential credit risk will benefit the most. This means that new residential and AMF should fall into this category. That said, any mortgage REIT with real estate exposure will reap benefits.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Questioning an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.


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Congress gives airlines bailout, allows aviation pollution to continue to rise https://windgefluester.net/congress-gives-airlines-bailout-allows-aviation-pollution-to-continue-to-rise/ https://windgefluester.net/congress-gives-airlines-bailout-allows-aviation-pollution-to-continue-to-rise/#respond Wed, 07 Apr 2021 23:17:39 +0000 https://windgefluester.net/congress-gives-airlines-bailout-allows-aviation-pollution-to-continue-to-rise/ EDF statement by Elizabeth Gore, Senior Vice President March 25, 2020 Raul Arce Contreras, (212) 616-1428, rcontreras@edf.org Today the US Senate struck a deal on a stimulus package that includes $ 50 billion in airline loans and subsidies, but leaves out language that would have compelled airlines – which emit so much climate pollution that […]]]>

EDF statement by Elizabeth Gore, Senior Vice President

March 25, 2020

Raul Arce Contreras, (212) 616-1428, rcontreras@edf.org

Today the US Senate struck a deal on a stimulus package that includes $ 50 billion in airline loans and subsidies, but leaves out language that would have compelled airlines – which emit so much climate pollution that the entire German economy each year – to limit harmful emissions. domestic flights.

“As our country faces the onslaught of the coronavirus, we need swift action to protect our health and our economy. But Congress must ensure that federal business aid does not make the climate crisis worse for our children by increasing pollution. Unfortunately, big business and their supporters in Congress have thwarted an effort to invest in a cleaner, safer world by reducing airline pollution.

“Taxpayers, many of whom are now in financial difficulty, have a right to expect responsible behavior from businesses in return for these bailouts. Instead, taxpayers will pay twice – once now to the airlines, and later in the form of tens of billions of dollars in additional damage from climate change.

“If there is one bright spot, it is that while the requirements to reduce climate pollution were ultimately not incorporated into the bill, they were a top priority for senior members of Congress. This is testament to the growing number of concerned citizens and voters who have made it clear that the climate crisis must be a top priority for our government.

“Despite growing public awareness and warnings from scientists, our government has failed to take strong action on climate change. It is a repeat of the mistakes that led to the worsening of the coronavirus pandemic. It is time for our leaders to get the facts, listen to the scientists, and take action against the dangers facing our economy and our society. In the coming weeks, as Congress continues to respond to the current health crisis, it must do so in a way that also protects the next generation from the ongoing climate crisis. ”



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Representatives from Pennsylvania, who play piano, install Christmas tree in Capitol building at night https://windgefluester.net/representatives-from-pennsylvania-who-play-piano-install-christmas-tree-in-capitol-building-at-night/ https://windgefluester.net/representatives-from-pennsylvania-who-play-piano-install-christmas-tree-in-capitol-building-at-night/#respond Wed, 07 Apr 2021 23:17:37 +0000 https://windgefluester.net/representatives-from-pennsylvania-who-play-piano-install-christmas-tree-in-capitol-building-at-night/ They are back in 2020 to spread the joy of Christmas. Amid all the madness that has happened this year, state officials Andrew Lewis and David Rowe have decided they want to stick to holiday traditions. So when they learned that there wouldn’t be a Christmas tree in the Capitol Rotunda, the duo set to […]]]>

They are back in 2020 to spread the joy of Christmas.

Amid all the madness that has happened this year, state officials Andrew Lewis and David Rowe have decided they want to stick to holiday traditions. So when they learned that there wouldn’t be a Christmas tree in the Capitol Rotunda, the duo set to work finding one, bringing it into the building, and decorating it.

In a video shared on facebook, Lewis and Rowe have said they will “put politics aside” to embrace “the true meaning of Christmas.” It was a similar message they shared last year when they rolled two pianos around the rotunda late at night, singing a serenade. a handful of citizens.

To the tune of “We Need a Little Christmas”, the video of more than five minutes, posted on Lewis’ Facebook page, shows lawmakers hanging lights, climbing a ladder to place a star, hanging ornaments, and then finally bringing the two pianos back to play “Silent Night.”

“They said there would be no Christmas tree on the Capitol this year – not under our watch,” Lewis wrote in the message accompanying the video. “After an incredibly difficult year, Pennsylvania needs more than ever to keep our traditions alive. Last night, after working hours, Pennsylvania State Representative David Rowe and I set out to make sure the holiday spirit stays alive in our Capitol and across Pennsylvania. Let’s take a second, put politics aside and reflect on the season and how we will go through these difficult times together. Merry Christmas!”

This year’s Capitol Christmas tree sits on the steps of the State House, surrounded by fences adorned with wreaths and wooden reindeer.

Lewis is a Republican representing the 105th Legislative District of Dauphin County covering the townships of Lower Paxton, South Hanover and West Hanover. Rowe, also a Republican, represents Union and Snyder counties in the 85th arrondissement.

Read more about PennLive

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Camp Hill Parade of Lights sheds light on vacation needs of nonprofits


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