Mortgage

Dutch bet on U.S. housing debt pays off

According to Bloomberg, the Dutch government has made quite the profit by choosing to hold onto U.S. mortgage debt acquired during the 2009 bailout of ING Groep NV.

“Timing is everything,” said Michael Canter, head of securitized assets at AllianceBernstein LP, which oversees more than $250 billion in fixed-income investments. “If they try to sell when there’s not a lot of liquidity out there, it could be a really bad thing. But if the markets are in a good place, it definitely could be absorbed without a hitch.”

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[PULSE] How to manage rental properties during a global crisis

As the current U.S. unemployment rate hovers above Great Depression-Era levels, many property owners are having rent delinquency, leasing and management issues. So, what can an investor do during the current economic situation to protect their asset?

Jul 02, 2020 By
3d rendering of a row of luxury townhouses along a street

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