Louisville Affordable Housing Policy Should Expand the Developer Pool

The Namdar Group will not be deterred from building in Jersey City, or scoring the requisite financing to do so. Joel Namdar’s company secured $180 million in debt from Affinius Capital for its project at 35 Cottage Street in the Journal Square neighborhood, the Commercial Observer reported. The project was previously the recipient of a…

Less Bombing. More Rallying It’s a pretty simple morning for the bond market (and many other markets). While there’s no formal ceasefire, both the U.S. and Iran have indicated a pause in the tit for tat airstrikes that have characterized most of July. Oil dropped sharply on the news though it’s not clear…

The ranges of estimates are important in terms of market reaction because when the actual data deviates from the expectations, it creates a surprise effect. Another important input in market’s reaction is the distribution of forecasts. In fact, although we can have a range of estimates, most forecasts might be clustered on the upper bound…

July preliminary CPI +3.5% vs +3.4% y/y expected Prior +3.2% July preliminary HICP +3.8% vs +3.7% y/y expeced Prior +3.6% Headline annual inflation continues to accelerate in Spain with the monthly change even reflecting a 0.2% increase. This now marks the sixth straight monthly increase in headline inflation, which follows from the 0.6% jump in…

(RTTNews) – Bank of America Corp. (BAC) reported Tuesday that net income applicable to common shareholders for the second quarter surged to $8.75 billion or $1.21 per share from $6.88 billion or $0.90 per share in the prior-year quarter. The provision for credit losses was $1.37 billion, compared to $1.59 billion last year. Total revenue,…