Minneapolis Mortgages – Himspairport http://himspairport.com/ Thu, 30 Jun 2022 23:49:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://himspairport.com/wp-content/uploads/2021/05/default.png Minneapolis Mortgages – Himspairport http://himspairport.com/ 32 32 Trying to buy your first home? Here are some ways to get real money to help https://himspairport.com/trying-to-buy-your-first-home-here-are-some-ways-to-get-real-money-to-help/ Thu, 30 Jun 2022 23:49:00 +0000 https://himspairport.com/trying-to-buy-your-first-home-here-are-some-ways-to-get-real-money-to-help/ Some programs are helping to close the serious gap between black and white homeownership, in a state with one of the worst disparities in the nation. MINNEAPOLIS – There’s no denying that the real estate market has changed dramatically. This happened again recently when mortgage rates hit over 5% this spring, the first time in […]]]>

Some programs are helping to close the serious gap between black and white homeownership, in a state with one of the worst disparities in the nation.

MINNEAPOLIS – There’s no denying that the real estate market has changed dramatically.

This happened again recently when mortgage rates hit over 5% this spring, the first time in over a decade.

This makes homeownership even more difficult, especially for communities of color impacted by generations of discriminatory policies.

Minnesota has one of the worst homeownership gaps between black and white households, as well as Native and Latino communities,” said St. Louis Park housing supervisor Marney Olson. “And although we’ve known that for a long time, not much has been done about it.”

She helped the city launch a new program late last year to help first-generation homebuyers in particular.

“Not only do we want to bring in people who have historically been kept out of homeownership, but we also want to help them build generational wealth, because homeownership is one of the best tools to build wealth,” Olson said.

According to National Association of Realtors (NAREB), a group created more than 70 years ago by African-American real estate professionals excluded from the National Association of Realtors, a recent study found that only 42.1% of black households owned their own home in 2019. That’s up from 73.4% of white households, making Minnesota’s gap one of the worst in the nation.

Olson’s schedule makes it a priority to shut this down.

“You don’t pay monthly payments, there’s no interest, but 5% of that loan is forgiven every year, so if you stay in the house for 20 years, the entire loan is forgiven,” explained Olson. “But if you sell after five years or 10 years, part of the loan is forgiven, again, which helps build that generational wealth.”

RELATED: ‘I’ve Never Seen It Like This’: Realtors Step In As Mortgage Rates Rise Again

There are other homeownership programs throughout the state that specifically help with down payment assistance; from Minnesota Housing Finance Agency to non-profit organizations like Project for the pride of living and Build Wealth Minnesota who is working to fund 9,000 new owners of color.

“There’s so much money here and there’s so much more money on the way,” said longtime realtor Denise Mazone, who is also president of the Minneapolis Area Association of Realtors.

Mazone says it’s up to real estate agents to know what’s available and mortgage companies to be more willing to accept aid dollars and gave that advice to people looking to buy a home.

“Ask the question, do you know how to get payment assistant dollars and if they say no, then you might want to consider interviewing more realtors,” Mazone said.

She’s also a member of NAREB and runs free classes for first-time buyers once a month, hoping education can also help reduce inequality – something she says has only gotten worse, especially among black owners.

“In the 1950s, they owned more houses than they do now,” Mazone said. “If we can close that gap one house at a time, that’s what we’re working on.”

Mazone said homeownership programs can sometimes be problematic and people need to be wary of many factors, including taxes, the price of the house and the fact that their purchasing power is diminishing.

She says what matters are real estate agents and other organizations looking to find someone a truly affordable home.

“We have to be very intentional and very diligent in using the things we have and getting people connected to them,” Mazone said. “If we can’t make that connection, they’re going to take those dollars and move them somewhere else.”

RELATED: Popular Vali-Hi Drive-In Still Not Open; fans left wondering why

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Nike earnings, final Q1 GDP, Shopify stock breakdown the week ahead https://himspairport.com/nike-earnings-final-q1-gdp-shopify-stock-breakdown-the-week-ahead/ Sun, 26 Jun 2022 18:16:13 +0000 https://himspairport.com/nike-earnings-final-q1-gdp-shopify-stock-breakdown-the-week-ahead/ Baird Investment strategy analyst Ross Mayfield discusses the stocks and sectors he buys at the end of the fiscal quarter on “The Claman Countdown”. Investors are bracing for another busy week of corporate earnings and key economic data after stocks posted their first weekly gain in a month. The Dow Jones Industrial Average ended up […]]]>

Investors are bracing for another busy week of corporate earnings and key economic data after stocks posted their first weekly gain in a month.

The Dow Jones Industrial Average ended up more than 5.3%. Meanwhile, the S&P 500 and the Nasdaq composite climbed more than 6% and 7%, respectively.

Teleprinter Security Last To change To change %
Me: DJI DOW JONES AVERAGES 31500.68 +823.32 +2.68%
SP500 S&P500 3911.74 +116.01 +3.06%
I: COMP NASDAQ COMPOSITE INDEX 11607.620416 +375.43 +3.34%

Earnings and economic data will determine if the momentum continues as FOX Business examines upcoming events likely to shift Financial markets in the coming days.

Monday 27/06

Earnings from Nike and Jeffries Financial Group will kick off the week. On the economic data front, investors will be digesting durable goods and pending home sales.

Teleprinter Security Last To change To change %
NKE NIKE INC. 112.90 +4.92 +4.56%
I F JEFFERIES FINANCIAL GROUP INC. 27.88 +0.99 +3.68%

Monday will also mark the first day of trading after FTSE Russell’s annual rebalancing of its indices.

DOW JUMPS MORE THAN 825 POINTS, COMPANIES REACT TO ROE V. WADE

tuesday 06/28

Beyond Air will be in the spotlight after Tuesday’s bell after its earnings release and the conference call has been rescheduled for June 16.

Teleprinter Security Last To change To change %
XAIR BEYOND AIR 6.49 -0.53 -7.55%

Economic data set for Tuesday will include consumer confidence, the monthly FHFA home price index and the monthly Case-Shiller home price index. San Francisco Fed President Mary Daly will also participate in a virtual fireside chat hosted by LinkedIn.

She told FOX Business exclusively on Friday that fighting inflation was the central bank’s top priority.

Teleprinter Security Last To change To change %
GCM CHIPOTLE MEXICAN GRILL INC. 1,329.02 +39.50 +3.06%

At the Capitol, the House will hold a hearing on the fight against ransomware. Tuesday also marks the deadline to file a claim as part of a settlement against Chipotle for overcharging for delivery.

Wednesday 06/29

Earnings will rise on Wednesday with Barnes & Noble Education, Bed Bath & Beyond, General Mills, McCormick & Co, Paychex and Schnitzer Steel ahead of the market open.

Teleprinter Security Last To change To change %
NDEB BARNES & NOBLE EDUCATION INC COM 3.24 +0.17 +5.54%
BBBY BED BATH & BEYOND INC. 7.00 -0.13 -1.82%
GIS GENERAL MILLS INC. 70.63 +1.71 +2.48%
MKC MCCORMICK & CIE INC. 87.75 +2.35 +2.75%
PAYX PAYCHEX INC. 122.43 +5.12 +4.36%
SCHN SCHNITZER STEEL INDUSTRIES 32.91 +0.35 +1.07%

Economic data on the ledger will include the final first-quarter GDP reading, weekly mortgage applications and weekly crude inventories from the Energy Information Administration.

Loretta Mester, president of the Federal Reserve Bank of Cleveland. (Photographer: Marlene Awaad/Bloomberg via Getty Images/Getty Images)

Cleveland Fed Chair Loretta Mester will also participate in a panel on “The Role of Inflation Expectations in Forming Monetary Policy” ahead of the European Central Bank’s Forum on Central Banks.

Teleprinter Security Last To change To change %
STORE SHOPIFY INC. 385.50 +21.71 +5.97%

Wednesday will also mark Shopify’s first trading day after its 10-for-1 stock split.

CLICK HERE TO LEARN MORE ABOUT FOX BUSINESS

Thursday 30/06

Constellation Brands and Walgreens Boots Alliance before the market open and Micron Technology after the bell will close the week for profit.

Teleprinter Security Last To change To change %
ZST CONSTELLATION BRANDS INC. 245.94 +6.47 +2.70%
WBA WALGREENS BOOTS ALLIANCE INC. 41.65 +0.76 +1.86%
MU MICRON TECHNOLOGY INC. 58.44 +2.22 +3.95%

When it comes to economic data, investors will consider the Chicago PMI and the latest data on PCE inflation and initial and continuing jobless claims.

Teleprinter Security Last To change To change %
TO REGISTER SPIRIT AIRLINES INC. 24.54 +0.71 +2.98%
ULCC FRONTIER GROUP HOLDINGS 10.54 +0.65 +6.57%
JBLU JETBLUE AIRWAYS CORP. 8.62 +0.47 +5.77%

Spirit Airlines will hold a special meeting for shareholders to vote on its proposed merger with Frontier Airlines. The meeting, originally scheduled for June 10, was postponed to allow the airline to continue discussions with its shareholders, Frontier and Jet Blue Airways, which issued a counter-offer.

Teleprinter Security Last To change To change %
AAPL APPLE INC. 141.66 +3.39 +2.45%

In addition, new guidelines on the Apple App Store will require developers to offer in-app purchases for paid group events and removal of in-app accounts starting June 30. Bank of America‘s minimum hourly wage hike to $22 an hour will also go into effect.

Friday 7/1

Vehicle sales, construction spending and the ISM manufacturing PMI will end the week for economic data.

Elsewhere, the IRS will change the standard mileage rate for tax deductions for the rest of 2022 and the European Central Bank will end bond buying.

Additionally, Connecticut; Washington D.C.; Nevada; Oregon; Chicago and Cook County, Illinois; Montgomery County, Maryland; Minneapolis and St. Paul, Minnesota; and Berkeley, Emeryville, Los Angeles, Malibu, Pasadena, San Francisco and Santa Monica, California will see their minimum wages increase.

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Live updates: Gas shortage fears hurt German business confidence https://himspairport.com/live-updates-gas-shortage-fears-hurt-german-business-confidence/ Fri, 24 Jun 2022 10:00:14 +0000 https://himspairport.com/live-updates-gas-shortage-fears-hurt-german-business-confidence/ Prime Minister Boris Johnson’s authority is “running out”, a former Tory MP has said, following the ruling party’s loss of two by-elections. “[Johnson’s] authority is very significantly reduced,” Gavin Barwell told Sky News on Friday. “The Conservative Party looked to Boris Johnson, because they saw him as an election winner, there is not…a deep love […]]]>

Prime Minister Boris Johnson’s authority is “running out”, a former Tory MP has said, following the ruling party’s loss of two by-elections.

“[Johnson’s] authority is very significantly reduced,” Gavin Barwell told Sky News on Friday. “The Conservative Party looked to Boris Johnson, because they saw him as an election winner, there is not…a deep love or affection for him among Tory MPs.

“What we see is a process of [Johnson’s] authority is running out,” he said.

In Tiverton and Honiton in Devon, Liberal Democrat Richard Foord overturned a Conservative majority of 24,239 votes and won local elections by 6,144 votes. The Conservatives have owned Tiverton and Honiton since its inception in 1997.

Elsewhere, Labor regained Wakefield after Simon Lightwood beat Tory rival Nadeem Ahmed by 4,925 votes.

“If the Conservative Party continues as it is. . . it’s sleepwalking to defeat next time [general] elections,” said Lord Barwell. “If the Conservative Party changes leaders and changes direction. . . if he does those two things, he could still win.

“Tiverton’s result is abysmal,” he added. “It’s one of the safest conservative seats in the country.”

Lord Barwell said Tiverton was a “strongly pro-leaving constituency” – a reference to the UK’s decision to leave the EU.

“So for the Liberal Democrats to win there — and win comfortably — that means there’s a whole swath of seats in the south of the country that are vulnerable,” he added.

Oliver Dowden was due to appear on Sky, but resigned as party chairman early on Friday.

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Form SC 13D/A FIRST TRUST MORTGAGE Filed by: SIT INVESTMENT ASSOCIATES INC https://himspairport.com/form-sc-13d-a-first-trust-mortgage-filed-by-sit-investment-associates-inc/ Wed, 22 Jun 2022 16:16:49 +0000 https://himspairport.com/form-sc-13d-a-first-trust-mortgage-filed-by-sit-investment-associates-inc/ News and research before you hear about it on CNBC and others. Claim your one week free trial for StreetInsider Premium here. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 21) First Trust Mortgage Income Fund ( FMY ) ------------------------------------------------------------------------------- (Name of Issuer) Common Stock […]]]>

News and research before you hear about it on CNBC and others. Claim your one week free trial for StreetInsider Premium here.


SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13D
                   Under the Securities Exchange Act of 1934
                               (Amendment No. 21)

			First Trust Mortgage Income Fund
                                    ( FMY )
-------------------------------------------------------------------------------
                                (Name of Issuer)

                                  Common Stock
-------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                   33734E103
-------------------------------------------------------------------------------
                                 (CUSIP Number)

                               Paul E. Rasmussen
                                3300 IDS Center
                             80 South Eighth Street
                           Minneapolis, MN 55402-4130
-------------------------------------------------------------------------------
                 (Name, Address, and Telephone Number of Person
               Authorized to Receive Notices and Communications)

                               June 22, 2022
-------------------------------------------------------------------------------
            (Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g),
check the following box. [X]

Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section
of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).





CUSIP No. 33734E103
-------------------------------------------------------------------------------
1    NAME OF REPORTING PERSON

     Sit Investment Associates, Inc.
-------------------------------------------------------------------------------
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ]
                                                                         (b) [x]
-------------------------------------------------------------------------------
3    SEC USE ONLY
-------------------------------------------------------------------------------
4    SOURCE OF FUNDS (See Instructions)
	00
-------------------------------------------------------------------------------
5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) or 2(e)                        [ ]
-------------------------------------------------------------------------------
6    CITIZENSHIP OR PLACE OF ORGANIZATION

     Incorporated in Minnesota
-------------------------------------------------------------------------------
                    7     SOLE VOTING POWER
   NUMBER OF
   SHARES           -----------------------------------------------------------
   BENEFICIALLY     8     SHARED VOTING POWER
   OWNED BY
   EACH			1,774,790 Shares
   REPORTING        -----------------------------------------------------------
   PERSON           9     SOLE DISPOSITIVE POWER
   WITH
   	              -----------------------------------------------------------
                    10    SHARED DISPOSITIVE POWER

	                1,774,790 Shares
-------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

      1,774,790 Shares
-------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
     (See instructions)                                                 [ ]

-------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     42.13%
-------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON (See Instructions)

     IA
-------------------------------------------------------------------------------





CUSIP No. 33734E103
-------------------------------------------------------------------------------
1    NAME OF REPORTING PERSON

     Sit Fixed Income Advisors II, LLC
-------------------------------------------------------------------------------
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ]
                                                                         (b) [x]
-------------------------------------------------------------------------------
3    SEC USE ONLY
-------------------------------------------------------------------------------
4    SOURCE OF FUNDS (See Instructions)
	00
-------------------------------------------------------------------------------
5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) or 2(e)                        [ ]
-------------------------------------------------------------------------------
6    CITIZENSHIP OR PLACE OF ORGANIZATION

     Incorporated in Minnesota
-------------------------------------------------------------------------------
                    7     SOLE VOTING POWER
   NUMBER OF
   SHARES           -----------------------------------------------------------
   BENEFICIALLY     8     SHARED VOTING POWER
   OWNED BY
   EACH	 		1,774,790 Shares
   REPORTING        -----------------------------------------------------------
   PERSON           9     SOLE DISPOSITIVE POWER
   WITH
   	              -----------------------------------------------------------
                    10    SHARED DISPOSITIVE POWER

	                1,774,790 Shares
-------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

      1,774,790 Shares
-------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
     (See instructions)                                                 [ ]

-------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     42.13%
-------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON (See Instructions)

     IA
-------------------------------------------------------------------------------





ITEM 1   Security and Issuer

         Common Stock

         First Trust Mortgage Income Fund
	 First Trust Advisors L.P.
	 120 East Liberty Drive, Suite 400
	 Wheaton, IL 60187

ITEM 2   Identity and Background

a)	and c)

This statement is filed by:
Sit Investment Associates, Inc., a Minnesota corporation (SIA), and Sit
Fixed Income Advisors II, LLC, a Delaware limited liability company (SFI).
Both SIA and SFI are parties to a Joint Filing Agreement as further
described in Exhibit B to the initial Schedule 13D filed by SIA and SFI on
March 18, 2015.

SIA is a registered investment adviser.
SFI is a registered investment adviser and subsidiary of SIA.

SIA or SFI serves as investment adviser on behalf of its clients pursuant
to investment management agreements with each of its clients which give
SIA or SFI full discretionary authority to direct the investments of its
client in accordance with the investment objectives and restrictions of
the client.  The investment management agreements also provide that SIA or
SFI has assumed the responsibility to vote on behalf of its clients all
shares held by its clients in accounts managed by SIA or SFI.

Mr. Roger J. Sit is chairman and CEO of SIA and SFI.
Mr. Ronald D. Sit is a vice president of SIA and director.

By virtue of these positions, each of SIA, SFI, Mr. Roger Sit, and Mr.
Ronald Sit may be deemed to beneficially own the Shares held by SIA and
SFI.  None of the named individuals own shares directly.  Together SIA,
SFI, Mr. Roger Sit, and Mr. Ronald Sit are the "Sit Entities".

b)	The business address of each of the Sit Entities is 3300 IDS Center, 80
South Eighth Street, Minneapolis, MN 55402.

d) During the last five years, neither Roger J. Sit nor Ronald D. Sit have
been convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors).

e) During the last five years, none of the Sit Entities have been a party to
a civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject to a
judgment, decree, or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state
securities laws or finding any violation with respect to such laws.

f) Roger J. Sit and Ronald D. Sit are United States citizens.





ITEM 3   Source and Amount of Funds or Other Consideration

The Sit Entities acquired the Issuer's Shares in open market transactions
with client funds held in custody accounts managed by SIA and SFI.

ITEM 4   Purpose of Transaction

The Sit Entities have acquired the Issuer's Shares for investment purposes,
and such purchases have been made in the ordinary course of business.  The
Issuer's Shares have been acquired on behalf of SIA's and SFI's clients.

In pursuing such investment purposes, the Sit Entities purchased the Shares
based on the Sit Entities' belief that the Shares represented an attractive
investment opportunity, and the Sit Entities may further purchase, hold,
vote, trade, sell or otherwise deal in the Shares at the time, and in such
manner, as they deem advisable to benefit from, among many things, changes in
market prices of such Shares, the market prices of such Shares relative to
the value of the Issuer's assets, changes in the Issuer's investment
strategy, and composition of the Issuer's portfolio.

None of Sit Entities have any present plan or proposal which would relate to
or result in any of the matters set forth in subparagraphs (a) - (j) of Item
4 of Schedule 13D except as set forth herein or such as would occur upon or
in connection with completion of, or following, any of the actions discussed
herein.

The Sit Entities intend to review their investment in the Issuer's Shares on
a continuing basis and may from time to time engage in discussion with
management, the Board of Directors and shareholders concerning, among other
things, the Issuer's performance, the market prices of the Issuer's Shares
relative to the value of the Issuer's assets, the Issuer's investment
strategy and the Issuer's portfolio holdings.

ITEM 5   Interest in Securities of the Issuer

a)	and b)

The aggregate percentage of Shares reported owned by Sit Entities herein
is based upon 4,213,115 Shares outstanding as of June 22, 2022, which is
the total number of Shares outstanding as reported on the Issuer's
website.  Certain clients of SIA and SFI purchased or sold Shares of the
Issuer since the last 13D filing, resulting in a greater than 1% change in
ownership of the Issuer by the Sit Entities.

As of the date hereof, the Sit Entities may be deemed to be the beneficial
owner of 1,774,790 Shares held in client accounts which represent 42.13%
of the Issuer's outstanding Shares. Each of the Sit Entities may be deemed
to have shared power to vote and dispose of such Shares.  However, none of
SIA's or SFI's directors or executive officers own Shares directly.

c)	Transactions in Shares by the Sit Entities in the last 60 days are set
forth in Exhibit A.

d) The clients of SIA and SFI have the right to participate in the receipt of
dividends from, or proceeds from the sales of, the Shares held for their
respective accounts.

         e) Not applicable




ITEM 6   Contracts, Arrangements, Understandings, or Relationships with Respect
         to Securities of the Issuer

Not applicable.

ITEM 7   Materials to be Filed as Exhibits

Exhibit A:  Schedule of Transactions in Shares by Sit Entities in the last
60 days.

Signature

After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true,
complete, and correct.
------------------
June 22, 2022

By:   Sit Investment Associates, Inc.
       /s/ Roger J. Sit
      -----------------------------------
      Name/Title: Roger J. Sit, Chairman & CEO

By:   Sit Fixed Income Advisors II, LLC
       /s/ Roger J. Sit
      -----------------------------------
      Name/Title: Roger J. Sit, Chairman & CEO






                                   EXHIBIT A

Schedule of Transactions in Shares by Sit Entities in the last 60 days:

------------------ ------------------ ------------------ ------------------
						Shares of Common
Date of  	    	Transaction	   	Stock Purchased	  Price
Transaction	    	Type			/(Sold)		  Per Share ($)
------------------ ------------------ ------------------ ------------------
   4/26/2022		BUY			140.00	      	11.88
------------------ ------------------ ------------------ ------------------
   4/27/2022		BUY			470.00	      	11.85
------------------ ------------------ ------------------ ------------------
   4/28/2022		BUY			1,472.00	11.85
------------------ ------------------ ------------------ ------------------
   5/02/2022		BUY			4,000.00        11.65
------------------ ------------------ ------------------ ------------------
   5/02/2022		BUY			6,000.00	11.65
------------------ ------------------ ------------------ ------------------
   5/04/2022		BUY			200.00	      	11.53
------------------ ------------------ ------------------ ------------------
   5/11/2022		BUY			5,639.00	11.62
------------------ ------------------ ------------------ ------------------
   5/12/2022		BUY			2,630.00	11.61
------------------ ------------------ ------------------ ------------------
   5/26/2022		BUY			2,007.00        11.61
------------------ ------------------ ------------------ ------------------
   5/27/2022		BUY			4,400.00	11.61
------------------ ------------------ ------------------ ------------------
   6/01/2022		BUY			1,000.00	11.60
------------------ ------------------ ------------------ ------------------
   6/06/2022		BUY			400.00		11.69
------------------ ------------------ ------------------ ------------------
   6/07/2022		BUY			807.00		11.71
------------------ ------------------ ------------------ ------------------
   6/10/2022		BUY			1,688.00	11.71
------------------ ------------------ ------------------ ------------------
   6/15/2022		BUY			7,410.00	11.51
------------------ ------------------ ------------------ ------------------
   6/16/2022		BUY			1,354.00	11.51
------------------ ------------------ ------------------ ------------------
   6/17/2022		BUY			691.00		11.51
------------------ ------------------ ------------------ ------------------
   6/21/2022		BUY			1,796.00	11.52
------------------ ------------------ ------------------ ------------------
 


]]>
As BMO Harris seeks Bank of the West for July 14, Fair Finance Watch raises case Russia, MN https://himspairport.com/as-bmo-harris-seeks-bank-of-the-west-for-july-14-fair-finance-watch-raises-case-russia-mn/ Mon, 20 Jun 2022 20:23:13 +0000 https://himspairport.com/as-bmo-harris-seeks-bank-of-the-west-for-july-14-fair-finance-watch-raises-case-russia-mn/ As BMO Harris seeks West Bank for July 14, Fair Finance Watch raises case Russia, MN By Matthew Russell Lee, Patreon StoryBBC – gbritish tutor – Honduras – ESPN FEDERAL COURT/S Bronx, June 20 — Whether the US Community Reinvestment Act will actually be enforced until the new administration and its regulators remains an open […]]]>
As BMO Harris seeks West Bank for July 14, Fair Finance Watch raises case Russia, MN

By Matthew Russell Lee, Patreon Story
BBC
gbritish tutor
Honduras
ESPN


FEDERAL COURT/S Bronx, June 20 — Whether the US Community Reinvestment Act will actually be enforced until the new administration and its regulators remains an open question. In December, Inner City Press reported that BMO Harris’ bid to buy Bank of the West and its more than 500 branches from BNP would be a litmus test.

Fair Finance Watch noted from day one that in 2020, BMO Harris turned down far more mortgage applications from African Americans than it approved: 509 turned down compared to just 223 loans granted to African Americans. African Americans, nationwide. BMO’s figures for whites were the reverse: 9,270 loans granted, compared to less than 6,000 refusals.

On May 17, the Federal Reserve and the OCC announced that they will hold at least one public meeting: “The Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) today announced a meeting joint public hearing on the proposal of Bank of Montreal, Montreal, Canada, and BMO Harris Bank National Association, Chicago, Illinois, to acquire BancWest Holding Inc. and Bank of the West, both of San Francisco, California. public meeting is to gather information from a wide range of stakeholders By law, agencies are required to assess: the convenience and needs of the communities to be served by the combined organization; the performance of depository institutions insured under the Community Reinvestment Act; competition in relevant markets; effects of the proposal on the stability of the U.S. banking or financial system; financial and managerial resources es and future prospects of the firms and banks i involved in the proposal; and the effectiveness of companies and banks in combating money laundering activities. The public meeting will be held virtually on July 14, 2022 at 11:00 a.m. EDT. Members of the public wishing to submit oral comments must register by 12:00 p.m. EDT on June 23, 2022, via the online registration webpage.”

Inner City Press/Fair Finance Watch visited the page on June 20, Juneteenth (Observed), to sign up — and found the Fed knew its point in 200 characters. Is it sufficient? Fair Finance Watch wrote: “Concerns: BMO Harris HMDA disparities (nationally in 2020 only 223 mortgages to African Americans, compared to 9,270 to whites), its destruction of evidence in an MN bankruptcy case; BNP’s activities in Russia.” We’ll have more on that – watch this site.


Inner City Press (and Fair Finance Watch, on the HMDA) will have more to say on this. Look at this site.

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Beginning of the commercial real estate fall: we are now seeing price drops, missed bids and widening bid-ask gaps https://himspairport.com/beginning-of-the-commercial-real-estate-fall-we-are-now-seeing-price-drops-missed-bids-and-widening-bid-ask-gaps/ Sun, 19 Jun 2022 01:10:34 +0000 https://himspairport.com/beginning-of-the-commercial-real-estate-fall-we-are-now-seeing-price-drops-missed-bids-and-widening-bid-ask-gaps/ We listed a 40-unit building in the East Bay a few months too late, and a mall in Silicon Valley. Here is what happened. By John E. McNellis, director at a real estate developer McNellis Partnersfor WOLF STREET: The the wall street journal reported last week that April commercial property sales were down 16% from […]]]>

We listed a 40-unit building in the East Bay a few months too late, and a mall in Silicon Valley. Here is what happened.

By John E. McNellis, director at a real estate developer McNellis Partnersfor WOLF STREET:

The the wall street journal reported last week that April commercial property sales were down 16% from April 2021. Detailing the market’s loss of momentum, the paper said the hospitality, residential seniors, office buildings and industry were particularly hard hit, while retail and apartment building sales remained strong. The cause? Rising interest rates, inflation and economic uncertainty. The article ended with this hopeful quote: “It’s now turning into a buyer’s market.”

Maybe. But if a buyer’s market was universally recognized, sales volume would not have fallen from the 30th floor. Sellers and buyers would have been on the same page. Let’s say a hot seller’s market is in the height of summer, and a bone-seeking buyer’s market in the deep of winter. What we have today is this seasonal no man’s land, where the lingering summer heat chases away the cold that builds up for a day or two, only to be pushed back by the strengthening north wind. .

In less poetic terms, we have a widening “bid-ask spread” i.e. sellers are sticking to their summer prices and cautious buyers are either scared off or looking for big winter discounts. This disconnection is at the origin of the dizzying fall in sales.

With the caveat that guessing national trends from personal anecdotes is indeed risky business, let’s boil down the Journal’s big numbers to the little ones. We listed a forty-unit apartment building in the East Bay in May, a few months too late. The bid date came with a single zombie offer, roughly 25% off the asking price. We refused.

Another offer remained pending a few days later. The buyer – a born negotiator – chiseled harder than Michelangelo, wore us down, and we finally agreed to a deal of around 7.5% on the list. Then a week into her 10-day “free look” this shopper dumped us with a text. No explanation, no complaints about the property, no other chasing – nada. Perplexed, we could only conclude that the buyer had become fearful and had decided to keep his money in his mattress.

Another failed deal: We listed a mall in the valley late last fall. He languished through the Christmas holidays. Then the wall bloomed throughout January and February. Then our broker announced news that was not news: interest rates had risen, anyone buying a Class B retail business was yield driven and we had to lower our price to maintain the yield of the property.

We lowered our price by 11% (a fair amount of money) and an offer finally appeared. Once again, Mount Rushmore chiseling rounds ensued, and we went into receivership. To get this center off our books, we even agreed to carry a first mortgage for three years, thinking we would eliminate the problem of reluctant lenders. Despite our willingness to cash in on the deal, the buyer walked away two weeks after their initial review without a word of complaint about the property or a desire for another price drop.

So our personal experience tells us that the Journal is on the money when it comes to downsizing, but note that both of our properties – commercial and residential – were among the subspecies expected to thrive nationally. (Back to the dangers of anecdotal evidence.)

But let’s get back to that shimmering mirage of a buyer’s market. We’ve been in commercial real estate for decades, and the only real buyer’s market we’ve ever known dates back to the early 90s, when the RTC took over the savings and loans business in bankruptcy and organized the biggest real estate sale since France. abandoned Louisiana. During this period, real estate ownership underwent a seismic shift: mom and pop investors and cowboy developers who owned overleveraged properties were wiped out. In their place came real money—institutional investors with pockets so deep they never had to sell out of economic necessity—owners who could ride out any market turbulence.

We’ve been looking forward to buyer’s markets before: the dot.com recession of 2001, the Great Recession of 2007, and the Covid recession of 2020. None ever materialized. At best, a handful of bargains have been selected at the margin. Opportunity funds – the billions of vulture capital that Wall Street has raised to snatch bargains at bargain prices – found themselves with an opportunity to pay top dollar for their acquisitions.

Real estate is not wheat, it is not a perishable good. In the absence of personal catastrophe, deep-pocketed sellers never have to sell. By John E. McNellis, author of Succeed in real estate: start as a developer.

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Home bidding wars drop to 15-month low – NMP https://himspairport.com/home-bidding-wars-drop-to-15-month-low-nmp/ Fri, 17 Jun 2022 13:57:56 +0000 https://himspairport.com/home-bidding-wars-drop-to-15-month-low-nmp/ Nationally, 57.8% of real estate offers written by Redfin agents faced competition on a seasonally adjusted basis in May, the lowest level since February 2021, the tech-based real estate brokerage said. Redfin’s report, based on data submitted by its agents, showed the May rate was down from a revised rate of 60.9% in April and […]]]>

Nationally, 57.8% of real estate offers written by Redfin agents faced competition on a seasonally adjusted basis in May, the lowest level since February 2021, the tech-based real estate brokerage said.

Redfin’s report, based on data submitted by its agents, showed the May rate was down from a revised rate of 60.9% in April and from the pandemic peak of 68.8% in May 2021, a said Redfin. This is the fourth consecutive monthly decline.

The typical home in a bidding war received 5.3 bids in May, compared to 6.8 in April and 7.4 in May 2021, Redfin said.

Competition among homebuyers is cooling because rising mortgage rates and soaring home prices have made buying less feasible for many Americans, the company said.

The typical monthly mortgage payment for a homebuyer is now $2,514 at the current mortgage rate of 5.78%. That’s a 49% increase over the previous year, when mortgage rates were 2.93%. Redfin economists say they expect the bidding war rate to fall below 50% by the end of the year.

“Homes are now getting one to three offers, up from five to 10 two months ago and up from 25 to 30 six months ago,” said Jennifer Bowers, Redfin realtor in Nashville. “The offers are not as high above the list price as before.”

Bowers said she recently listed a three-bedroom, three-bathroom home “in a super-cute neighborhood for $399,900. It ended up being contracted for $12,000 above list price with an inspection, when three months ago the buyer would probably have paid $60,000 more and waived the inspection.

US Metro data

In Providence, RI, 45.3% of real estate listings written by Redfin agents faced competition in May, up from 82.7% a year earlier. That 37.4 percentage point drop was the largest among the 36 U.S. metro areas in Redfin’s analysis.

Then come Riverside, California (41% against 73.7%; -32.6 points), Raleigh, North Carolina (52.2% against 82.9%; -30.7 points), San Francisco (57.7 % vs. 78.2%; -20.5 points) and Orlando, Florida (51% vs. 71%; -20 points).

Competition increased year-on-year in just three of the 36 markets analyzed by Redfin. In Las Vegas, 74.5% of real estate offers written by Redfin agents faced competition in May, compared to 65.4% in May 2021 (+9.1 points). Next is Worcester, Mass. (81.8% versus 77.3%; +4.5 points) and Miami (63.2% versus 62.1%; +1.1 points).

In addition to experiencing the largest year-over-year competitive declines, Riverside and Providence had the lowest overall bid war rates, at 41% and 45.3%, respectively. This is followed by Olympia, Wash., where 47.2% of home offers written by Redfin agents met competition in May. Honolulu (47.8%) and Minneapolis (48.7%) round out the bottom five.

Worcester had the highest bidding war rate, at 81.8%, followed by Las Vegas (74.5%), Boston (72.6%), Dallas (72.3%) and Philadelphia (69.3%). %).

Competition by property type

Townhouses were more likely than any other type of property to encounter competition, with 64.6% of Redfin listings facing bidding wars in May. Then come single-family homes (61.6%), multi-family properties (58.2%) and condos/co-ops (54.7%).

Some buyers sought out townhouses because they were no longer in the single-family home market. The typical home that was contracted in March was 1,720 square feet, down 1.8% from 1,751 square feet a year earlier, according to a recent Redfin analysis.

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Consumers brace for another federal interest rate hike – WCCO https://himspairport.com/consumers-brace-for-another-federal-interest-rate-hike-wcco/ Tue, 14 Jun 2022 22:25:00 +0000 https://himspairport.com/consumers-brace-for-another-federal-interest-rate-hike-wcco/ MINNEAPOLIS (WCCO) — Stocks fell again on Tuesday ahead of the Federal Reserve’s looming interest rate announcement. This week’s losses were driven by fears that high inflation would cause the central bank to apply the brakes too hard to slow demand. Something else aimed at mitigating inflation is heading to the president’s desk, a bipartisan […]]]>

MINNEAPOLIS (WCCO) — Stocks fell again on Tuesday ahead of the Federal Reserve’s looming interest rate announcement. This week’s losses were driven by fears that high inflation would cause the central bank to apply the brakes too hard to slow demand.

Something else aimed at mitigating inflation is heading to the president’s desk, a bipartisan shipping reform bill. The measure, sponsored by Senator Amy Klobuchar, gives the United States more power to regulate international shipping.

READ MORE: What you can do now to prepare for a possible recession

Consumers in St. Louis Park are feeling the pain.

“Prices are skyrocketing,” Brandon Hole said.

“When I leave, I can’t believe I just spent $80 and got a bag,” Lynn Von Eschen said.

Among the factors fueling inflation are shipping backlogs and supply chain issues.

“These international conglomerates are charging too much, too much for the manufacturers in Minnesota, for the farmers, and so by lowering those prices, it helps them lower their prices for consumers,” Klobuchar said.

READ MORE: Federal Reserve set to raise interest rates to curb inflation

In another effort to tame inflation, the Federal Reserve is expected to raise interest rates at its meeting this week. But an interest rate hike is a double-edged sword for consumers, as it will lead to increases on everything from credit card interest rates to mortgage payments.

“The consensus forecast could be around three-quarters of a percentage point,” Professor George John said. “I hate to say that. It still won’t change much. »

John says the causes of inflation are so broad that interest rate hikes and legislation are unlikely to control prices in the near term.

In St. Louis Park, consumers offered their solutions

“Honestly, I’ve been watching TikToks on how to grow your own produce because it’s getting so expensive to buy it from the store,” customer Julia Olson said.

NO MORE NEWS: Portion control, raising interest rates among limited options to stop inflation

We should know a lot more on Wednesday as the Federal Reserve meets for a second day. This is when they are expected to raise interest rates.

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I-35W museum exhibit shows devastating impact on black homeowners https://himspairport.com/i-35w-museum-exhibit-shows-devastating-impact-on-black-homeowners/ Fri, 10 Jun 2022 22:36:00 +0000 https://himspairport.com/i-35w-museum-exhibit-shows-devastating-impact-on-black-homeowners/ The exhibit illustrates how lives were destroyed and divided during the construction of I-35W in south Minneapolis. MINNEAPOLIS — The first display in ‘Human Toll: A 35W Public History‘ is designed to spin your wheels. There’s a sign that asks, “How did you get here?” Next to it, tokens representing highways, city streets only, cycle […]]]>

The exhibit illustrates how lives were destroyed and divided during the construction of I-35W in south Minneapolis.

MINNEAPOLIS — The first display in ‘Human Toll: A 35W Public History‘ is designed to spin your wheels. There’s a sign that asks, “How did you get here?” Next to it, tokens representing highways, city streets only, cycle paths and public transport are available for visitors to deposit in a corresponding bin.

The Hennepin History Museum The exhibition has been in place since September last year and at this point most visitors have indicated that they have taken the highway. Anticipating this, a second sign explains that decisions made 65 years ago shape our decisions today.

“We are clearly critical of 35W and the freeway system, but I drove on a freeway to get here so I’m not above this story and think we’re all to blame,” said the co-lead of the project, Dr. Greg Donofrio. “We are all responsible for making sure we do better now in the present and move forward into the future.”

Through photographs, handwritten letters, and maps, the exhibit tells the story of black residents in south Minneapolis who were forced from their homes to make way for freeway construction.

To create the project, the team turned to Dr. Ernest Lloyd, who had already spent around a decade writing a dissertation on the subject.

“We don’t know what happened to all the people,” Lloyd said. “I think of driving through a bedroom, a garage, a kitchen, an African American yard. Driving through something that was so deep and dear to these African Americans of the day who came here from the South to s ‘escape.”

Lloyd says the houses were beautiful and the families living there were educated and employed.

“They were teachers,” he said. “They were engineers. They were doctors.”

After watching crews demolish their homes, they struggled to find or build new ones.

“Marion and his wife Mary wanted to build a house in the suburb of Morningside, which is now part of Edina, and they encountered a lot of opposition there,” Donofrio said. “Get a mortgage from the bank. Get the proper permits and approvals.”

Museum visitors have the opportunity to write and display alternative solutions to what happened, such as building highways around neighborhoods, not through them.

“If they come through here, they’re going to get the knowledge to make a difference,” Lloyd said.

Human Toll runs until October 1, 2022. Admission is charged.

https://www.youtube.com/watch?v=videoseries

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The city with the fewest people owning a home in every state – 24/7 Wall St. https://himspairport.com/the-city-with-the-fewest-people-owning-a-home-in-every-state-24-7-wall-st/ Tue, 07 Jun 2022 19:00:00 +0000 https://himspairport.com/the-city-with-the-fewest-people-owning-a-home-in-every-state-24-7-wall-st/ The U.S. real estate market took off in the early months of the COVID-19 pandemic. The homeownership rate – or share of owner-occupied homes – is jumpinged by 2.6 percentage points between the first and second quarters of 2020, by far the largest increase ever. By the end of 2020, there are awhere 2.1 million […]]]>

The U.S. real estate market took off in the early months of the COVID-19 pandemic. The homeownership rate – or share of owner-occupied homes – is jumpinged by 2.6 percentage points between the first and second quarters of 2020, by far the largest increase ever. By the end of 2020, there are awhere 2.1 million more homeowners in the United States than there were a year earlier.

The surge in home sales has been fueled by several factors, including historically low mortgage rates and, as some experts speculate, the pandemic, whichch drives myny Americans to reevaluate where and how they live. Here’s a look at the mortgage rate in America every year since 1972.

Nationally, the homeownership rate stands at 64.4%, according to the latest data from the US Census Bureau’s American Community Survey. However, this rate varies widely across the country, from state to state, and from city to city.

Using census data, 24/7 Wall St. identified the city in each state with the lowest homeownership rate. Cities – defined as places with more than 25,000 inhabitants – are ranked according to the share of owner-occupied housing units.

Among the cities on this list, homeownership rates range from 12.5% ​​to 57.6% and range from 10 percentage points to more than 50 percentage points lower than the homeownership rate. corresponding state property.

Home ownership can be expensive, and in most cities on this list, the typical household earns less than the statewide median household income. The low incomes of these areas can make home ownership less affordable for a larger portion of the population. Here’s a look at the 20 cities where the middle class can no longer afford housing.

Many cities on this list are home to major colleges or universities. Because a large portion of the population of college towns resides there temporarily, the transient population is more likely to rent a house than to buy one. These places include Ames, Iowa, home in Iowa Statthe University; Blacksburg, Virginia, home to Virginia T.ex; and Morgantown, West Virginia, home to WVU.

Click here to see the city with the lowest homeownership rate in each state
Click here to read our detailed methodology

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