Bloomberg
Bargain Hunters Eye Distressed Real Estate Assets
Apr.07 -- Americans hurt by the coronavirus pandemic are skipping home-loan payments, and the trusts that own the mortgages are feeling the pain. Opportunistic funds have noticed. Bloomberg's Sonali Basak reports on "Bloomberg Daybreak:...
Bloomberg
Supreme Court Rejects Appeal by Hedge Funds in Fannie, Freddie Suits
Feb.20 -- The U.S. Supreme Court dealt hedge funds and other big investors a blow by refusing to revive core parts of lawsuits that challenged the federal government’s capture of billions of dollars in profits generated by Fannie Mae and...
Bloomberg
Housing Crisis Unlikely as Long as Jobs Improve, Goldman's Swell Says
Jun.08 -- Mike Swell, co-head of global fixed income portfolio management at Goldman Sachs Asset Management, says the residential housing market will be 100% correlated to the jobs market and adds that he expects the commercial real...
Curated Video
Homeowners threatened with foreclosure would in some instances get a 30-day reprieve under an initiative the Bush administration announced Tuesday
HEADLINE: Embattled homeowners thrown 'Lifeline'
CAPTION: Homeowners threatened with foreclosure would in some instances get a 30-day reprieve under an initiative the Bush administration announced Tuesday. (Feb. 12)
[Notes:ANCHOR VOICE]...
Curated Video
With home prices dropping across the country, finding a boom town where prices are holding steady is a rarity. But these rocky hills and open farmland in North Dakota and Minnesota are bucking the national trend
HEADLINE:Realtors, ranchers prepare for oil boom
CAPTION: With home prices dropping across the country, finding a boom town where prices are holding steady is a rarity. But these rocky hills and open farmland in North Dakota and...
Bloomberg
SEC Chairman Clayton on Market Risks
May.08 -- Securities and Exchange Commission Chairman Jay Clayton tells David Rubenstein that among his worries about markets are expectations relating to leveraged loans, a "hard" Brexit and cyber terror. His comments come on the latest...
Bloomberg
Scott Minerd's Big Money Mistake: Real Estate Doesn't Always Go Up
A 40-year career in finance inevitably includes some bad investment calls.
For Guggenheim Partners' Scott Minerd, one early mistake was diving head first into the south Florida real estate boom in 1980. He stretched his budget to buy...
Bloomberg
Decision Day: BOE Set for Historic Hike; ECB's Inflation Dilemma
The Bank of England looks set to take a historic decision on Thursday -- delivering the first back-to-back interest-rate increase since 2004. Meanwhile, the European Central Bank is set to decide how to respond to an unprecedented...
Bloomberg
New Home Construction Rises to Highest Level Since 2006
Residential housing starts climbed 0.3% last month to a 1.79 million annualized rate from an upwardly revised February figure, according to government data. Mike McKee breaks down the numbers on "Bloomberg Surveillance."
Curated Video
Bush details help for troubled homeowners
Ray Bassett: (212) 621-7537
HEADLINE: Bush details help for troubled homeowners
CAPTION: (date) President Bush outlined ways that the federal government can help troubled borrowers keep their homes Friday to try to address rising...
Bloomberg
The History Behind Wall Street's Foreclosure Scandal
June 9 -- David Dayen, author of "Chain of Title," discusses Wall Street's foreclosure scandal with Bloomberg's Joe Weisenthal on "What'd You Miss?"
Curated Video
WRAP President Bush on economy, taxes, energy
1. Wide of House Chamber
2. Close of Democratic presidential hopeful Barack Obama talking
3. Close of Democratic presidential hopeful Hilary Clinton greeting
4. United States Secretary of State, Condoleezza Rice walking in, greeting...
Curated Video
Greenspan, Snow hearing on financial crisis
1. Wide of Former Federal Reserve Chairman Alan Greenspan, Securities and Exchange Commission Chairman Chris Cox and Former Treasury Secretary John Snow testifying at the House Oversight and Government Reform Committee
2. SOUNDBITE:...
Bloomberg
Housing Is Off to a Good Start in 2019, Ivy Zelman Says
Mar.29 -- Ivy Zelman, chief executive officer of Zelman & Associates, discusses the state of the U.S. housing market with Bloomberg's Joe Weisenthal, Caroline Hyde and Romaine Bostick on "Bloomberg Markets: What'd You Miss?"
Curated Video
10 major banks pay $8.5bn to settle federal complaints of wrongful foreclosures
FILE: exact date and location unknown
1. For sale sign ++MUTE++
2. Estate agent with for sale sign ++MUTE++
Washington, DC - 7 January 2013
3. SOUNDBITE (English) Chris Rugaber, Associated Press Economics Writer:
"Today ten big banks and...
Bloomberg
Housing Market Has Gone 'Bonkers,' Barbara Corcoran Says
Oct.06 -- Barbara Corcoran, founder of The Corcoran Group and executive producer of "Shark Tank," says most people are priced out of the U.S. housing market and discusses the outlook for business costs. She speaks with Bloomberg's Tom...
Bloomberg
JPMorgan Starts to Cut Mortgage Jobs
JPMorgan Chase is laying off hundreds of home-lending employees and reassigning hundreds more this week as rapidly rising mortgage rates drive down demand. Hannah Levitt reports on "Bloomberg Markets: The Close."
Curated Video
Many people are wrestling with whether to prioritize their mortgage payment or their credit card bills. AP posed the question to Lynette Khalfani-Cox, bestselling author of "Zero Debt: The Ultimate Guide to Financial Freedom."
HEADLINE:Your Money: Prioritizing debt
CAPTION: Many people are wrestling with whether to prioritize their mortgage payment or their credit card bills. AP posed the question to Lynette Khalfani-Cox, bestselling author of "Zero Debt:...
Sky News
Marks & Spencer Launch instore Banking Service
Marks & Spencer Launch instore Banking Service
Curated Video
The Obama administration's top housing official says mortgage lenders are within their rights to resume foreclosures. But he cautioned they could face federal fines if it is found that they cut corners on paperwork and legal procedures before seizing millions of homes.
HEADLINE: HUD Sec'y to banks: 'Don't cut corners in foreclosure process'
CAPTION: The Obama administration's top housing official says mortgage lenders are within their rights to resume foreclosures. But he warned they could face federal...
Bloomberg
Wells Fargo Is Well Positioned But Has Work to Do on the Cost Side, CFO Says
Oct.15 -- John Shrewsberry, Wells Fargo & Co. chief financial officer, discusses the bank's third-quarter earnings and legal expenses with Bloomberg's Romaine Bostick, Joe Weisenthal and Caroline Hyde on "Bloomberg Markets: What'd You...
Bloomberg
Commonwealth Bank’s Record Profit Run Ends
Aug.07 -- Commonwealth Bank of Australia’s record-profit run is over after the nation’s biggest lender paid the price for a series of scandals and missteps. Bloomberg's Emily Cadman reports on "Bloomberg Daybreak: Australia."
Bloomberg
Here's What Went Wrong With Libor
Jun.29 -- The London Interbank Offered Rate, better known as Libor, is being phased out and replaced after years of scandals, billion-dollar bank fines and a jail sentence or two. Life After Libor will take a look at the various...