Investors in a mortgage-backed security sold by Lehman Brothers Holdings have lost their application for the notes to be declared in default. A court in London ruled against holders of bonds that were part of the Eurosail-UK 2007-3BL PLC transaction. Lehman, which filed for bankruptcy protection in September 2008, raised £650m ($1bn) from the 2007 deal which packaged UK home loans.
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Some housing pundits report the demand for housing is strong, while these same pundits, on another day say that we are in a housing affordability crisis. Can the two narratives be accurate at the same time? If not, which is one is true? HousingWire Columnist Logan Mohtashami takes a deeper dive.
Federal Reserve officials dubbed coronavirus a “new risk” the economy at their Jan. 28 to 29 meeting, minutes of the meeting show.