The post China’s property crash is prompting banks to offer mortgages to 70-year-olds appeared first on Weekly Real Estate News.
China’s property crash is prompting banks to offer mortgages to 70-year-olds
Weely Real Estate News
Study: Fewer White Buyers Taking Out Mortgages
More nonwhite homebuyers and fewer White buyers have been taking out mortgages over the past five years, according to a data analysis by Redfin (NASDAQ:RDFN). Slightly less than two-thirds (62.2%) of new mortgages issued in 2023 went […]
Housing Wire
US government to sell off $13B of mortgage bonds from failed banks Signature and SVB
The U.S. government is seeking to sell $13 billion worth of mortgage bonds amassed after the failures of both Silicon Valley Bank (SVB) and Signature Bank earlier this year. First reported this week by Bloomberg […]
Housing Wire
Big banks to rescue First Republic with $30B in deposits
A group of 11 U.S. banks has agreed to make $30 billion in deposits at First Republic Bank to avoid another regional bank failure. The rescue comes after Silvergate Bank, Silicon Valley Bank and Signature […]