The U.S. regulator of Fannie Mae and Freddie Mac is proceeding with plans to scale back their financing of apartment-building loans next year, shrinking what opponents call a critical support for rental housing.
Commercial-property lenders are expected to loosen restrictions imposed after the 2008 credit crisis, with a jump in financing projected for next year, a survey by PricewaterhouseCoopers LLP and the Urban Land Institute shows.
Billionaire Petr Kellner’s PPF Group NV agreed to buy a controlling stake in Telefonica Czech Republic AS for about $3.4 billion, returning the country’s biggest phone company to local ownership after eight years.
The Dutch, whose economy is suffering from a housing-market collapse made worse by tighter regulation, plan to issue government-backed mortgage bonds to loosen lending and ensure the country avoids a repeat of the 2008 crisis when credit dried up.
Julian Treger, co-founder of activist investor Audley Capital Advisors LLP, will mimic North America’s biggest royalty companies by focusing on bulk commodities after taking over at Anglo Pacific Group Plc.
Telefonica SA is nearing an agreement to sell its controlling stake in the Czech Republic’s biggest telephone company to billionaire Petr Kellner’s PPF Group NV, according to two people familiar with the matter.