Linking ≠ endorsement. Enjoy and share:
Tony Sanders reports:
Mortgage-backed securities legend Lew Ranieri [“Ranieri, the chairman of Uniondale, New York-based Ranieri Partners,”] made an impassioned plea for regulators to loosen credit standards on home loans at the Mortgage Bankers Association (MBA) annual conference in Washington D.C.
Oct. 28 (Bloomberg) — By Jody Shenn – The U.S. mortgage market has experienced an “irrational restriction” of credit as lenders and regulators overreact to the loose lending during the bubble that burst in 2007, mortgage-bond pioneer Lewis Ranieri said.
“If this legacy persists the consequences will be more profound for the country than the economic losses” caused by the bust, Ranieri said today at an annual conference hosted by the Mortgage Bankers Association in Washington.
We need to not relax standards to the point where a national bubble will form. It wouldn’t be good for anyone. Those who would think they are benefiting would only be hurt along with everyone else in the subsequent bursting of that bubble. Very, very few people gain from a collapse (from shorting stocks and so forth). Way too many people are hurt, wiped out. Agreed?
Source … https://confoundedinterest.wordpress.com/2013/10/28/ranieri-says-tight-mortgage-lending-may-be-worse-than-crisis-how-about-borrowers/
- Japanese Consumers Spending More As Economy Recovers – Real Time Economics – WSJ
By Kosaku Narioka:
…many economists say the underlying spending trend remains somewhat weak, due in part to wages not rising.
Sales will fall off after the tax kicks in too.
In our view, the tax increase is a mistake. They should have waited for the economy to pick up much more before increasing taxes.
Source … https://blogs.wsj.com/economics/2013/10/29/japanese-consumers-spending-more-as-economy-recovers/
- What Is Private Equity Real Estate? (with picture)
Private equity real estate is an investment opportunity in which multiple investors pool funds and invest in ownership of various real estate properties. This type of investment is achieved when individuals make a significant initial commitment of capital to a managed fund that scouts out the potential real estate investments. Strategies used by these funds vary in terms of risk involved and the types of property considered viable for investment.
Source … https://www.wisegeek.com/what-is-private-equity-real-estate.htm