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Muni bond investors plan to benefit from Detroit

Bond issuers exposed to billion of dollars of Detroit debt expect to emerge as winners in the long run from the largest municipal bankruptcy in the nation. 

Executives at companies such as MBIA (MBIA) and Assured Guaranty (AGO) relaunched their municipal bond insurance businesses, arguing that Detroit losses will be miniscule and that the risks highlighted by the bankruptcy could drive more bond investors to demand payment protection. 

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Lower mortgage rates attracting more homebuyers 

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

3d rendering of a row of luxury townhouses along a street

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