When former U.S. Federal Reserve Chairman Ben Bernanke shocked the general public with news he could not refinance his mortgage, it seems he might not be alone. Numerous borrowers who appear to be strong loan underwriting risks are still unable to obtain mortgages, an investor letter from Elliott Management observed, and this in turn is causing the housing market to slow. Broader commercial real estate fundamentals, however, remain “constructive.” Elliott Associates LP up 2.9% in 3Q Elliott Associates LP experienced a strong third quarter, up 2.9 percent and positive by 7.6 percent as of September 30, according to an investor…
Elliott Says Residential Real Estate Topping, Commercial Strong
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.