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New Lending by Mortgage REITs Has Dried Up“Hardly anyone has made new loans.” Mortgage REITs are pulling back to protect their balance sheets in a troubled commercial real-estate market
Source: WSJ - 🏆 98. / 63 Read more »
Wall Street's Impact on Rental PricesSince the Great Recession, Wall Street has purchased hundreds of thousands of single-family homes, leading to rising rental prices. Corporations backed by private equity groups like Blackstone and Pretium Partners have acquired tens of thousands of homes across the U.S. Sun Belt. By 2030, institutional investors may control 40% of U.S. single-family rental homes, according to MetLife Investment Management. However, a group of Washington, D.C., lawmakers is urging Wall Street to step back from the market and stop buying up single-family homes.
Source: CNBC - 🏆 12. / 72 Read more »
Binance Receives License to Offer Bitcoin, Digital Asset Services in El SalvadorBinance announces that it has obtained two licenses to operate in El Salvador, expanding its presence in the global market. With these licenses, Binance now holds licenses in 18 countries.
Source: CoinDesk - 🏆 291. / 63 Read more »