Mike Cagney’s Figure Technology Taps Tannenbaum as Its New CEO
Figure Technology Solutions Inc. tapped Michael Tannenbaum as its new chief executive officer, ahead of the financial-services firm’s potential initial public offering.
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Figure Technology Solutions Inc. tapped Michael Tannenbaum as its new chief executive officer, ahead of the financial-services firm’s potential initial public offering.
Sales of new homes in the US bounced back broadly in March as an abundance of inventory helped drive prices lower.
Hong Kong developer Lai Sun Development Co. is considering options for a planned office tower in the City of London, including a potential sale of a stake in the project.
Germany’s financial regulator BaFin is taking a closer look at the real estate used by lenders to secure covered bonds known as Pfandbriefe, a €400 billion market traditionally considered among the safest in credit.
Taylor Wimpey Plc is failing to see lower mortgage rates translate into higher levels of home sales and is maintaining its forecast for fewer deals in 2024.
Mar 20, 2017
Veteran Bay Street money manager John Stephenson is blasting the federal government’s paucity of detailed real estate data. In an interview with BNN, Stephenson, the president and chief executive officer of Stephenson & Company, said any discussion of a foreign buyers tax or other intervention to cool the nation’s hot housing markets are made much more difficult given the lack of accurate figures.
“It’s just a disgrace how bad our data is. How can you make informed policy if you don’t have better data?” Stephenson said. “We don’t know who the buyers are, we don’t know where they come from, we don’t know if they live here. There’s very little data, there’s very little transparency.”
The Federal government allocated $500,000 to Statistics Canada in the 2016-17 budget to develop methods to gather data on foreign buyers of Canadian real estate, but Stephenson is unimpressed with what a half a million dollars has yielded.
“I think there’s a whole series of issues that are complicated [by a lack of data,]” he said. “I think we need a better handle on ‘who are the buyers?’ and be a little more clear on that.”