Bloomberg
Missed Mortgage Payments Swell in Housing Bellwether New Zealand
There are signs of stress emerging in New Zealand's housing market. More buyers are falling behind on loan repayments. Ainsley Thomson reports on Bloomberg Television.
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Bloomberg
Toronto Housing Prices Start to Make a Comeback
Toronto home prices rose for a second month as buyers coming out for the traditional spring selling season were met with a smaller number of newly listed properties. BNN Bloomberg's David George-Cosh reports.
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Bloomberg
New Zealand House Prices Fall by Record as Interest Rates Soar
The interest rate increases by the central bank are affecting New Zealand's housing market. House prices posted a record fall in the year through March. Tracy Withers reports on Bloomberg Television.
Bloomberg
Bond Bull Major Sees Value in Real Estate Economies
Steven Major, global head of fixed income research at HSBC, says sovereign debt of countries with higher exposure to the property market, like South Korea, Australia, Canada and the UK, offer better value for fixed income investors as...
Bloomberg
Brookfield Defaults on $161 Million Office Building Debt
Brookfield Corp. funds defaulted on a $161.4 million mortgage for a dozen office buildings, mostly around Washington, DC, after previously defaulting on debt tied to two Los Angeles buildings. Sonali Basak reports on Bloomberg...
Bloomberg
First Republic Sees Deposits Slump, Cutting up to 25% of Jobs
First Republic sees deposits slump 41% from the end of 2022. The California lender is also cutting its workforce by as much as 25%. Bloomberg's Sally Bakewell reports.
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Bloomberg
UK Housing Crisis Looms as Some Mortgage Rates Triple
A housing affordability crisis is brewing in the UK, with more than 1.4 million homeowners forced to refinance their mortgages this year at significantly higher interest rates. Alice Kantor reports.
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Bloomberg
BOE's Bailey on Rate Decision, Inflation, Mortgages
Bank of England Governor Andrew Bailey discusses the factors behind the central bank's decision to raise its benchmark interest rates to 4.5%, the path of inflation, and the impact of policy on the UK mortgage market on Bloomberg...
Press Association
Rayner denies Labour are 'playing dirty' with ad campaign
Deputy Labour Leader Angela Rayner answers questions on the cost of living, junior doctors, misconduct in the Met, Labour's recent ad campaign, trans and women's rights and planning regulations for holiday homes on a visit to a Co-Op...
Bloomberg
Educating Americans on the Housing Market
Joe Welu, founder and chief executive officer of Total Expert, discusses why banks are failing to engage with new and existing housing customers in an uncertain market. This interview aired on "Bloomberg Businessweek" on April 20, 2023.
Bloomberg
Summers on Banking Crisis, Fed Decision, Debt Ceiling
Former Treasury Secretary Lawrence Summers says we're probably over the vast majority of the banking traumas, but some issues do remain. He also talks about the impasse in Washington over raising the federal debt limit and what he...
Bloomberg
Regional Banks a Worry for Real Estate: Vistria's Anadu
Vistria Capital Senior Partner Margaret Anadu says the regional bank crisis is a concern for the real estate market during an interview with Sonali Basak at the Milken Institute Global Conference in Beverly Hills, California.
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Bloomberg
Swedbank CEO Says Completion for Savings, Lending Increased
Swedbank AB Chief Executive Officer Jens Henriksson discusses the lender's financial results, prospects and strategy. Swedbank joined fellow Swedish peers SEB AB and Svenska Handelsbanken AB by delivering better-than-expected net income...
Bloomberg
Barrack: Rate Hike Good for Overall Real Estate Business
Sept. 27 -- Thomas Barrack, founder and executive chairman at Colony Capital, explains why an interest rate hike would benefit the real estate industry and discusses the state of the U.S. real estate market and the availability of...
Bloomberg
China's Factory Activity Struggles; Services Slow
China's factory activity barely grew in September, while services slowed, The official manufacturing purchasing managers index rose last month to 50.1 from 49.4 in August. Any figure higher than 50 indicates expansion....
Bloomberg
Mester: Federal Reserve Should Stick to Balance Sheet Runoff Plan
Federal Reserve Bank of Cleveland President Loretta Mester discusses the central bank's policy and the outlook for the US economy. Earlier, she said in a speech to The Economic Club of New York that officials need to keep raising...
Bloomberg
Mohsin: Prefer KSA Corporate Banks
Waleed Mohsin, Managing Director, Global Investment Research at Goldman Sachs, discusses why he favors Saudi banks and his outlook for the Saudi mortgage sector. He speaks with Yousef Gamal El-Din and Manus Cranny on "Bloomberg Daybreak:...
Bloomberg
Guggenheim's Millstein on Archegos, Mortgages, Corporate Tax
Apr.06 -- Guggenheim Securities Co-Chairman Jim Millstein discusses the collapse of Archegos Capital Management, distress in the U.S. residential mortgage market, and the Biden administration's global minimum corporate tax rate proposal....
Bloomberg
HSBC's Bloxham on Antipodean Central Bank Decisions
Paul Bloxham, HSBC Chief Economist for Australia, New Zealand & Global Commodities, discusses his expectation for Tuesday's rate decision from Australia's Reserve Bank. He also discusses what HSBC expects from the RBNZ that announces...
Press Association
Keir Starmer says 'kamikaze' mini-budget must be reversed
Labour leader Sir Keir Starmer speaks during a visit to heating firm Vaillant in Belper, Derbyshire, and says Chancellor Kwasi Kwarteng's 'kamikaze' mini-budget statement must be reversed after market turmoil.
Bloomberg
U.S. Housing Market: Interest Rates and the Affordability Issue
Dec.03 -- Sanjiv Das, chief executive officer at Caliber Home Loans, discusses the state of the U.S. housing market and the impact of interest rates on home purchases. He speaks with Bloomberg’s Alix Steel on "Bloomberg Daybreak: Americas."
Sky News
UK: The prime minister and her chancellor visit the Birmingham Health Innovation Centre construction site in Selly Oak.
CLEAN: Interview with the British Prime Minister Liz Truss MP during visit to the Birmingham Health Innovation Centre construction site in Selly Oak on the eve of Liz Truss' first party conference speech as Conservative leader on 4th...
Bloomberg
Mortgage-Bond Carnage Shows What Future Holds Without Fed Help
Nov.02 -- The bloodbath last month in the mortgage-bond market points to what the future may be like without Federal Reserve hand-holding. Bloomberg's Lisa Abramowicz reports on "Bloomberg Markets: The Close."
Bloomberg
Housing's Global Slump Is Deepening From Rate-Hike Pain
The rapid cool down in real estate is threatening to worsen a global economic downturn and is emerging as a key variable for central bankers who want to tamp down inflation. Enda Curran reports on Bloomberg Television.