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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeredith Whitney Advisory Group CEO: Proposed mortgage reform is a 'massive game changer'Meredith Whitney, founder and CEO of Meredith Whitney Advisory Group, joins CNBC's 'Money Movers' to discuss mortgage reform, home equity, and more.
Persons: Meredith, Meredith Whitney Organizations: Advisory, Meredith Whitney Advisory
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. That's if Freddie Mac secures approval from its regulator to operate in the market for secondary mortgages, also commonly known as home equity loans. If greenlighted, the scheme would be equivalent to a huge stimulus injection, but without a cent added to the national deficit, the "Oracle of Wall Street" explained. As Freddie Mac is a massive provider of mortgage market liquidity, the move could encourage more banks to extend this financing to customers. The proposal noted that options are limited for homeowners who want to tap their equity, meaning that few are benefiting from the housing market's appreciation.
Persons: , Meredith Whitney, Whitney, Freddie Mac, Freddie Mac's, Freddie, Fannie Mae, Ginnie Mae Organizations: Service, Business
But a lot of women haven't been able to take advantage of this remote work perk. Remote work has helped women's progress toward equal pay, but it's had a mixed impact on women's career advancement. On the one hand, remote work has allowed more women to stay in the workforce when they otherwise might forced out due to childcare demands. Women's relationship with remote work both helps and hurtsWomen are working at near-record levels, and the growth of remote work in recent years is among the key reasons. AdvertisementMen and women work from home at very similar rates, but there's some evidence that remote work is even more prevalent among women.
Persons: , haven't, it's, jugging, jugglers, Aaron Terrazas, Nicholas Bloom, Sarah Small, Small, Nicole, Stanford's Bloom, Meredith Whitney, Utah's Organizations: Service, Business, Stanford, University of Utah, of Labor Statistics, WomenTech Network, Labor Department, Bard College Locations: Washington, overemployment
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. housing prices are likely to enter a long period of decline, advisory firm CEO saysMeredith Whitney, founder and CEO of Meredith Whitney Advisory Group, says supply-demand dynamics will probably "invert," with supply set to exceed demand.
Persons: Meredith Whitney Organizations: Meredith Whitney Advisory
Declining boomer ownership will free up 9.2 million homes by 2035, a Freddie Mac report found. The 32 million homes owned by boomers will drop to 23 million by 2035, when the oldest members of the group are pushing 90. A new report from Freddie Mac estimates that declining homeownership for the group will free up 9.2 million homes by 2035. The generation accounts for about 21% of the total US population, but they own 38% of American homes, Freddie Mac found. The 32 million homes owned by the generation as of 2022 will drop to 23 million in 2035, when the oldest boomers will be close to 90 years old.
Persons: Freddie Mac, , Meredith Whitney Organizations: Service, American Consumer Survey
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today’s big story, we’re looking at Google’s new internal AI model aimed at improving worker efficiency. The big storyAI assistanceCBS Photo Archive/Getty ImagesGoogle employees are getting an AI-powered wingman in the company’s bid to improve efficiency. Goose can answer questions about Google's tech and write and edit code, according to an internal summary of the model. Tech companies have tested inventions on their own employees for years in a process known as "dogfooding," writes BI's Alistair Barr.
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“People have not accessed the equity in their homes,” Whitney said. Advertisement“The issue that it leads to is more sellers, fewer buyers,” Whitney said. “I think you’re going to see a bifurcated housing market where you see continued strength in some areas, and then disproportionate weakness in others,” Whitney said. AdvertisementThe obvious question that follows is which real estate markets will be best for buyers and which will favor sellers. In October, Whitney cited Connecticut, Illinois, New Jersey, and Pennsylvania as examples of states where property prices could plummet , especially in rural areas.
Persons: , Meredith Whitney, Whitney, ” Whitney, Meredith, “ It’s, they’ve, haven’t, , Whitney isn’t, it’s Organizations: Service, Wall Street, Business, Wall, Advisory Group, Sun Belt Locations: Texas, Florida, Connecticut, Illinois , New Jersey, Pennsylvania, New York, Ohio, States, Tennessee, Utah, Arizona, West Coast
After all their economic misfortune, they'll still face a turbulent housing market and potentially tens of thousands of dollars' worth of necessary updates to boomers' aging houses. In his 2022 paper, "Who will buy the baby boomers' homes when they leave them? ", Engelhardt argued that mass aging would send ripples through the housing market but fail to push down prices significantly. After that point, demand for home purchases will once again outpace supply as millennials buy more homes and younger generations, like Gen Z and Gen Alpha, file in behind them. The timing of boomers' exit will mostly benefit younger generations, like Gen Z and Gen Alpha, who should find themselves on steadier footing than their predecessors.
Persons: Xers, they've, Zers, they'll, Odeta Kushi, Kushi, Gary Engelhardt, Engelhardt, Issi Romem, Meredith Whitney, Boomers, Gen Zers —, Gen, who've, millennials, boomers, Jessica Lautz, Nicole Bachaud, They've, Redfin, Alpha, they're, Lautz, savvier, Zoomers, James Rodriguez Organizations: millennials, Syracuse University, Boomers, Federal Reserve, Alpha, National Association of Realtors Locations: granny, New York, Los Angeles, Chicago, Dallas
The rise of sports betting: How it could be affecting housing
  + stars: | 2023-12-05 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe rise of sports betting: How it could be affecting housingMeredith Whitney, Meredith Whitney Advisory Group CEO, joins 'Squawk on the Street' to discuss why Whitney believes sports betting has and can further impact the housing market.
Persons: Meredith Whitney, Whitney Organizations: Meredith Whitney Advisory Group
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeredith Whitney Advisory Group CEO: You will see a 'leg down' in housing over the next yearMeredith Whitney, founder and CEO of Meredith Whitney Advisory Group, joins 'Squawk on the Street' to discuss what Whitney is seeing from the U.S. consumer, her thoughts on the economic prospects for each generation, and more.
Persons: Meredith, Meredith Whitney, Whitney Organizations: Advisory, Meredith Whitney Advisory Locations: U.S
Instead, the CEO of the eponymous investment research firm Meredith Whitney Advisory Group is concerned that the US housing market will face a correction in the coming years. Baby boomers may cause home values to sinkWhitney believes property prices are destined to fall under pressure as demographic shifts reverse deep-rooted supply-demand dynamics. An unprecedented pace of property price growth has disproportionately benefited baby boomers and the silent generation. However, Whitney said that an aging US population won't cause the housing market to crash overnight. While Whitney reserves her full insights for clients, she named four states where property prices will eventually weaken: Pennsylvania, Connecticut, New Jersey, and Illinois.
Persons: Meredith Whitney, Oppenheimer, Meredith, Whitney, haven't, CoreLogic There's, That's, you've, that's, it's Organizations: Citigroup, Advisory, National Association of Realtors Locations: Statista, Pennsylvania, Connecticut , New Jersey, Illinois, Texas
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBank consolidation needed as more credit comes from outside banking, says Meredith WhitneyMeredith Whitney, founder and CEO of Meredith Whitney Advisory Group, joins 'Squawk on the Street' to discuss growing trends in bank consolidation, ring-fenced banks leading to a decrease in lending, and predictions for where the next regional hub of banks will be.
Persons: Meredith Whitney Meredith Whitney, Meredith Whitney Organizations: Bank, Meredith Whitney Advisory
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Meredith Whitney on bank consolidation and potential regulationMeredith Whitney, founder and CEO of Meredith Whitney Advisory Group, joins 'Squawk on the Street' to discuss growing trends in bank consolidation, ring-fenced banks leading to a decrease in lending, and predictions for where the next regional hub of banks will be.
Persons: Meredith Whitney Organizations: Meredith Whitney Advisory
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeredith Whitney Advisory Group CEO: Not worried about a big downturn in the economy and housingMeredith Whitney Advisory Group founder and CEO Meredith Whitney joins 'Squawk on the Street' to discuss why she thinks there's little risk of the housing downturn in the next five years, her comeback in the business, and more.
Persons: Meredith, Meredith Whitney Organizations: Advisory, Meredith Whitney Advisory Group
Meredith Whitney is back. Here's her latest market call
  + stars: | 2023-06-06 | by ( Jeff Cox | ) www.cnbc.com   time to read: +2 min
Famed analyst Meredith Whitney has ended a self-imposed exile from a finance world that she said had become "like watching paint dry." "Why I say there's no risk for an immediate downturn is because there's no forced selling," Whitney told CNBC's Sara Eisen during a " Squawk on the Street " interview. That forecast came after she had left Oppenheimer to start the Meredith Whitney Advisory Group, which she eventually shuttered to launch a hedge fund that no longer exists. Finance "was like watching paint dry, and things started to change about 18 months ago," Whitney said. In the current landscape, Whitney thinks the problems plaguing regional banks are collective "one-offs" that won't cause systemic damage.
Persons: Meredith Whitney, Whitney, CNBC's Sara Eisen, Oppenheimer Organizations: CNBC, Lehman, Citigroup, Meredith Whitney Advisory Group, Finance Locations: Silicon, Republic
Big cat cubs rescued from Ukraine reach Poland
  + stars: | 2022-10-27 | by ( ) www.reuters.com   time to read: +1 min
WARSAW, Oct 27 (Reuters) - Four lion cubs and a black leopard cub from war-torn Ukraine have found safety in a Polish zoo, the International Fund for Animal Welfare (IFAW) said, after surviving drone attacks and bombing in the first few months of their lives. The cubs were transferred to animal rescue organisations in Kyiv and Odessa after a crackdown on the exotic pet trade in Ukraine, and are now in Poznan zoo in western Poland awaiting onward travel. IFAW said it had partnered with a sanctuary in the United States and one in Europe to care for the cubs, who were bred in captivity and cannot be released into the wild. The Wildcat Sanctuary (TWS) in the United States will take care of the lion cubs. Reporting by Lewis Macdonald, writing by Alan Charlish; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.
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