Mexico is developing rules that would cap the amount of cash that can used to buy real estate, Finance Minister Carlos Urzua said on Friday, part of a push to reduce the use of physical currency in a country rife with money laundering and corruption.
Nearly 57 percent of people in Mexico work off the books.
President Andres Manuel Lopez Obrador, who took office in December, has made it one of his priorities to draw more people into the formal economy and reduce cash in circulation to cut down on the laundering of proceeds from the drug trade and other illicit activities.
AUSTRALIAN property stocks are proving largely immune to the worst housing slump in a generation, rallying to the highest in almost three years.
The last time real estate shares were higher, Australia’s housing prices were climbing after the Reserve Bank of Australia cut borrowing costs to record lows in 2016, fuelling demand for property.
Stockland, a diversified real estate group that develops residential and retirement communities, set its earnings guidance at the low end of its target range this year, citing weak housing conditions.
Special counsel Robert Mueller has concluded his investigation into whether the Trump campaign colluded with Russia during the 2016 election.
A few months later, Trump’s former national security adviser, Michael Flynn, pleaded guilty to lying to the FBI about conversations he had with Russian Ambassador Sergey Kislyak.
The special counsel also has nabbed guilty pleas from former Trump campaign staffer George Papadopoulos for lying to the FBI about his election-year knowledge of Russian election meddling efforts, and longtime Trump personal attorney Michael Cohen for misleading Congress about his efforts during the 2016 election to build a Trump Tower in Moscow.
Special counsel Robert Mueller has concluded his investigation into whether the Trump campaign colluded with Russia during the 2016 election — marking the end of a probe that has gripped the nation for two years and loomed over Donald Trump’s entire presidency.
A few months later, Trump’s former national security adviser, Michael Flynn, pleaded guilty to lying to the FBI about conversations he had with Russian Ambassador Sergey Kislyak.
The special counsel also has nabbed guilty pleas from former Trump campaign staffer George Papadopoulos for lying to the FBI about his election-year knowledge of Russian election meddling efforts, and longtime Trump personal attorney Michael Cohen for misleading Congress about his efforts during the 2016 election to build a Trump Tower in Moscow.
Commercial mortgage-backed securities (CMBS) are secured by mortgages on commercial properties rather than residential real estate.
Tranches are typically ranked from senior–or highest quality—to lower quality.
It’s difficult to find mutual funds or exchange-traded funds that solely invest in the asset class, although many real estate mutual funds invest a portion of their portfolio into CMBS.