Financial Markets - Real Estate Investor Pulse

U.S. livestock: CME lean hogs touch new lows on fat supplies

April 20, 2023 Mark Paul Cervantes Comments Off

Chicago | Reuters — Choppy trade roiled the Chicago Mercantile Exchange’s livestock markets on Wednesday, while bountiful pork supplies and questions over consumer demand sent five of lean hog contracts slumping to new contract lows. The […]

Dollar firms as U.S. yields rise, high British inflation underpins pound

April 19, 2023 Mark Paul Cervantes Comments Off

TOKYO, April 19 (Reuters) – The Dollar strengthened on Wednesday, lifted by rising Treasury yields, though the pound gained against the greenback after British inflation stayed above 10% in March adding to pressure on the […]

‘It’s going to be ugly’: This CEO just issued a dire warning about US real estate, says areas will be ‘destroyed’ — but he still likes this 1 niche. What it is and how to invest in it

April 19, 2023 Mark Paul Cervantes Comments Off

The Commercial Real Estate market is tumbling toward a crash that could be as devastating as the 2008-09 crisis, according to the CEO of a real estate investment firm. Patrick Carroll, founder and CEO of […]

Sterling eases against dollar; inflation keeps pressure on BoE

April 19, 2023 Mark Paul Cervantes Comments Off

LONDON, April 19 – Sterling eased on Wednesday as a higher dollar wiped out earlier gains made after data showed Britain has the highest inflation in western Europe, cementing market expectations for a rate hike […]

Carlyle’s open-end US property fund gets $150m from Texas Permanent Fund

April 19, 2023 Mark Paul Cervantes Comments Off

Texas Permanent School Fund Corporation has approved a $150m (€137m) commitment to the Carlyle Property Investors, an open-ended US real estate fund managed by Carlyle. Last year, IPE Real Assets disclosed that the Carlyle fund […]

Goldman Sachs profit falls in first quarter as deal making sputters

April 18, 2023 Mark Paul Cervantes Comments Off

April 18 (Reuters) – Goldman Sachs Group Inc’s (GS.N) first-quarter profit fell 19% as sluggish deal making eroded the Wall Street giant’s fees from investment banking, while losses from the sale of some loans from its […]

Pension fund Calstrs braced for writedowns in $50bn property portfolio

April 18, 2023 Mark Paul Cervantes Comments Off

One of the biggest public pension plans in the US is preparing to write down the value of its $52bn real estate portfolio in the latest sign that higher interest rates and the recent turmoil […]

US BANKS HIGHLIGHT WORSENING SITUATION OF OFFICE REAL ESTATE

April 17, 2023 Mark Paul Cervantes Comments Off

Some of the largest US banks singled out office commercial real estate as an area of growing concern, with property values falling and more borrowers defaulting on their loans amid rising interest rates and a […]

European shares rise on U.S. inflation outlook, dollar set for fifth weekly decline

April 14, 2023 Mark Paul Cervantes Comments Off

SYDNEY, April 14 (Reuters) – European shares rose on Friday, with the STOXX 600 up for a fifth session in a row, while the dollar was set for another weekly loss as investors bet that […]

Guest view: Direct lending may be entering new era

April 14, 2023 Mark Paul Cervantes Comments Off

Challenges in the banking system are expanding the opportunities available to direct lenders. I believe the shifts we’re seeing won’t be short-lived, but, to borrow a phrase from Oaktree Capital Management Co-Chairman Howard Marks, may […]

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off

Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off

Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]