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With over twenty years of experience in independent real estate investing, coupled with our expertise in lending and finance, Zitofsky Capital Management offers unsurpassed advisory and management services for your assets. Our corporate culture is based on an unwavering dedication to trust and integrity, and these business principles are applied every time we engage with clients.
Gen Xers Shaken from Housing Bust Effects
There is an interruption occurring in the housing market. Homeowership numbers among Generation X have quickly went from first to last due to lingering effects from the housing bust.
Generation X has suffered more than any other age cohort from the housing bust, according to an analysis of federal data and a report from the Wall Street Journal by Chris Kirkham. The report also noted that homeownership rates could remain low for this generation for years to come.
Investment banking firm Goldman Sachs followed up on an announcement made earlier this year on Monday morning, stating that it has agreed to settle federal and state investigation probes concerning the sale of toxic residential mortgage-backed securities (RMBS) in the time leading up to the financial crisi bs.
Goldman Sachs has agreed to pay a $5.06 billion settlement in regard to its “conduct in the packaging, securitization, marketing, sale, and issuance of residential mortgage-backed securities (RMBS) between 2005 and 2007,” according to an announcement from the U.S. Department of Justice.
Another Day, Another Settlement: Goldman Sachs to Pay $5 Billion
Ex-Fed Adviser Suggests Major Overhaul
Stating that the Federal Reserve’s governance structure “no longer ensures that the Fed serves the public interest,” former Fed adviser Andrew Levin recommended in a recent letter four major steps to reform the U.S. central bank.
Wells Fargo has agreed to pay $1.2 billion to settle civil mortgage fraud claims against the bank and Wells Fargo executive Kurt Lofrano, according to an announcement from the Department of Justice on Friday.