This is the insane pool/patio video everyone is going crazy over

This is the insane pool/patio video everyone is going crazy over

Never expected our Facebook to blow up over one of these

Freddie Mac: Here are the top 5 improving metro housing markets

Not just L.A. and NYC

It’s official: Steve Horne out as Wingspan CEO

Jason Spooner takes over; Horne becomes senior advisor
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Items Tagged with 'Japan'

ARTICLES

RE/MAX enters the Japanese market

Move establishes the brokerage's Asia presence
Real estate brokerage RE/MAX is expanding into Japan. The giant real estate brokerage sold its master franchise rights for the country, enhancing the RE/MAX brand and presence in Asia.
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Monday Morning Cup of Coffee: MBIA trial just around the corner

Kerri Ann Panchuk
A look at stories across HousingWire's weekend desk, with more coverage to come on bigger issues:The New York State Supreme Court Judge Barbara Kapnick held that...
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Take a holiday

Kerri Ann Panchuk
Collapsing house prices allow foreigners to build investmentsIt’s before dusk on a sunny afternoon in Phoenix, and Kris Anderson, a real estate agent for RE/MAX Excalibur,...
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America's lost art of freedom to compete

Kerri Ann Panchuk
The value of focusing on precision is a lost art in American society, which is why the mortgage crisis — and to a greater extent the corporate and political debacles of today — are symptoms of a new-age philosophy that is more focused on delivery than on process, value or work ethic. In other words, our government and political leaders have checked out on their true responsibilities so to speak. Today's leaders must have read Oprah's favorite book, "The Secret," which claims a person creates happiness by just thinking happy thoughts or happy bubbles as it where.
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Fortress Investment Names Former Fannie Chief as CEO

Jon Prior
Asset-based investment management company Fortress Investment Group [stock FIG][/stock], which manages private equity and hedge funds, appointed the former head of mortgage giant Fannie Mae [stock FNM][/stock], Daniel Mudd, as CEO. Mudd also served as CEO of GE Capital in Japan and held positions in financial services and management consulting at the World Bank, Ayers Whitmore and Co. and Xerox Corp.
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AIG Names Inside Hire to Head Mortgage Insurance Unit

Diana Golobay
American International Group [stock AIG][/stock] this week picked Eric Martinez Jr. to take over the CEO position at the firm's United Guaranty Corp., a mortgage guaranty insurance provider. He replaces William Nutt, whose reasons for leaving the company were not disclosed before this story went to press.
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Fed's Rosengren: Get Bad Assets off Bank Books

Kelly Curran
Gaining insight from the banking crisis in Japan a decade ago, the United States should immediately remove troubled assets off bank balance sheets, the president of the Federal Reserve Bank of Boston said Monday. "Banks with troubled assets focus on avoiding further losses and further depleting capital," Boston Fed chief Eric Rosengren told a conference of international bankers. "Troubled banks in Japan were often more supportive of problem borrowers than borrowers who had good prospects going forward.  Focusing on future growth requires removing the problem assets."
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Asian Investors Hold Out for Explicit Guarantee on GSEs

Paul Jackson and Linda Lowell
Since twin housing finance giants Fannie Mae [stock FNM][/stock] and Freddie Mac [stock FRE][/stock] were placed under conservatorship last year, Federal Housing Finance Agency director James Lockhart has famously (infamously?) intoned that both GSEs now carry an "effective" guarantee on both their debt and mortgage securities. But "effective" is clearly not the same thing as an explicit guarantee, despite wrangling by U.S. policymakers and other administration officials designed to coax overseas investors back into the agency MBS markets.
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Nomura to Exit U.S. RMBS Biz; 1,300 Jobs to be Cut

Paul Jackson
Nomura Holdings, Inc. -- Japan's largest investment bank -- said today it will exit the US residential mortgage-backed securities business amid "disappointing results." The company said it reduced its exposure to the RMBS market by nearly $2 billion (48.0 billion yen) during the second quarter, and that only $119 million (14.0 billion yen) remains of the company's residential mortgage securities holdings.
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Lehman Cuts 850 As Part of Mortgage Restructuring; Consolidates Mortgage Operations

Paul Jackson
Lehman Brothers said this morning that it has eliminated 850 positions in the U.S. and UK amid a restructuring of its mortgage business, a move that the investment bank said "sizes the business appropriately for the current market environment." The company also said it is closing its Korean mortgage business. No details were given on what percentage of the 850 cuts were centered in the company's US-based operations.
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