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August 3, 2012
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  Top News 
  • Unemployment rate rises to 8.3%; 163,000 jobs added in July
    The unemployment rate increased to 8.3% in July from 8.2% in June, even as the U.S. economy added a net 163,000 jobs in July, according to the Labor Department. The increase in the unemployment rate came despite more people giving up the search for work. Reuters (8/3) LinkedInFacebookTwitterEmail this Story
  Capital Markets 
  • CMBS rally continues as bondholder confidence grows
    The recovery in the residential housing market is helping to bolster investor confidence that the commercial property market is bottoming out, helping spur a rally in commercial mortgage-backed securities. "The rally is just beginning and it's still cheap so people aren't being shy," said Anthony Barkan, a principal at Seer Capital Management. "The fundamentals are really good. Revenues are up in all sectors over the last year." Bloomberg (8/2) LinkedInFacebookTwitterEmail this Story
  • BofA and Fannie Mae discuss bad mortgage buybacks, sources say
    Bank of America and Fannie Mae have been in discussions about the bank buying back bad mortgages from the government controlled entity for some time, but sources say those talks have become more constructive. The situation involves billions of dollars worth of mortgages that the bank and its affiliates sold to Fannie Mae between 2004 and 2008. Financial Times (tiered subscription model) (8/2), Reuters (8/3) LinkedInFacebookTwitterEmail this Story
  • Corporate treasurers look forward to floating-rate notes
    Corporate treasurers who want to maximize yields on cash holdings are eyeing the floating-rate notes that the U.S. Treasury Department plans to offer. The notes won't be sold for a year or more, but they are seen as having the potential of being very attractive, especially with upcoming changes to bank deposits and money-market funds. The Wall Street Journal/CFO Journal (tiered subscription model) (8/2) LinkedInFacebookTwitterEmail this Story
  Investment News 
  • Analysis: Rental investors help revive U.S. housing market
    Investors who buy distressed single-family houses, put them into top condition and rent them out are playing a big part in reviving the U.S. housing market, according to The Economist. "This is a welcome change," the magazine notes. "Housing is typically one of the most powerful engines in the early stages of recovery, with purchases of homes revving up spending on furniture, carpets and garden landscaping." The Economist (8/4) LinkedInFacebookTwitterEmail this Story
  Real Estate Marketplace 
  • Wood optimistic about retail development
    Federal Realty Investment Trust's long-term view on development is paying off, says President and CEO Don Wood. "When we went through 2008 and 2009, we didn’t give up on our projects." CNBC (8/2) LinkedInFacebookTwitterEmail this Story
  Featured Content 

  NAREIT News 
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  Policy Watch 
  • Reps. Issa and McHenry urge regulators to ramp up cost analyses
    Reps. Darrell Issa, R-Calif., and Patrick McHenry, R-N.C., have sent letters to regulators urging them to follow tougher procedures for cost-benefit analyses. "It appears some rulemaking has relied on substandard economic analysis," Issa and McHenry wrote to the officials at the Municipal Securities Rulemaking Board, the Financial Industry Regulatory Authority and the Public Company Accounting Oversight Board. "Any and every rulemaking body should methodically analyze a proposed policy so as to ensure that it is likely to promote the public interest." The Wall Street Journal/Real Time Economics blog (8/2) LinkedInFacebookTwitterEmail this Story
The greatest blunders, like the thickest ropes, are often compounded of a multitude of strands."
--Victor Hugo,
French novelist and poet

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