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2021-07-21

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2021-07-19

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Mortgage-Refinancing Costs Expected to Fall as Fannie, Freddie Drop Fee<blockquote>随着房利美和房地美降低费用，抵押贷款再融资成本预计将下降</blockquote>

2021-07-18

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2021-07-18

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2021-07-16

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2021-07-16

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2021-07-14

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Goldman Has "Aggressively" And Quietly Liquidated A Quarter Of Its Equity Investments<blockquote>高盛已“激进”悄悄清算四分之一股权投资</blockquote>

2021-07-14

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The fee, imposed in December, added about $1,400 to the cost of refinancing an average mortgage backed by the firms, according to an estimate from the Mortgage Bankers Association.</p><p><blockquote>联邦住房监管机构周五表示，房利美和房地美将从8月1日起取消0.5%的抵押贷款再融资费用。据抵押贷款银行家协会估计，这项费用于12月征收，使这些公司支持的平均抵押贷款再融资成本增加了约1,400美元。</blockquote></p><p> “The Covid-19 pandemic financially exacerbated America’s affordable housing crisis,” Federal Housing Finance Agency Acting Director Sandra L. Thompson said. “Eliminating the [fee] will help families take advantage of the low-rate environment to save more money.”</p><p><blockquote>联邦住房金融局代理局长桑德拉·L·汤普森(Sandra L.Thompson)表示：“Covid-19大流行在金融上加剧了美国的经济适用房危机。”“取消[费用]将帮助家庭利用低利率环境节省更多钱。”</blockquote></p><p> U.S. home pricesover the past year have risen at the fastest pace in decades, asa shortage of homeson the market collides with soaring demand from prospective buyers. The situation has exacerbated concerns about housing affordability and ratcheted up pressure on the Biden administration to respond.</p><p><blockquote>过去一年，美国房价以几十年来最快的速度上涨，因为市场上的房屋短缺与潜在买家飙升的需求发生了冲突。这种情况加剧了人们对住房负担能力的担忧，并加大了拜登政府做出回应的压力。</blockquote></p><p> With interest rates low by historical standards, millions of Americans have also refinanced existing mortgages to reduce their monthly payments. But the fee charged by Fannie and Freddie eliminated a chunk of those savings for affected borrowers.</p><p><blockquote>由于利率处于历史低位，数百万美国人也对现有抵押贷款进行了再融资，以减少每月还款额。但房利美和房地美收取的费用消除了受影响借款人的大部分储蓄。</blockquote></p><p> Greg McBride, chief financial analyst at personal-finance firm Bankrate.com, said the fee added about one-eighth of a percentage point to the average mortgage rate, or about $20 a month for a $300,000 loan.</p><p><blockquote>个人理财公司Bankrate.com的首席金融分析师格雷格·麦克布莱德(Greg McBride)表示，这笔费用使平均抵押贷款利率增加了约八分之一个百分点，即30万美元贷款每月约20美元。</blockquote></p><p> “Lenders may use this as an opportunity to pad their own margins that have been squeezed by low rates and heated competition, so it is important for homeowners to seek out the lenders offering the best terms,” Mr. McBride said.</p><p><blockquote>麦克布莱德先生说：“贷方可能会以此为机会来提高自己因低利率和激烈竞争而受到挤压的利润率，因此房主寻找提供最佳条款的贷方非常重要。”</blockquote></p><p> Average refinancing rates for a 30-year fixed-rate mortgage stood at 3.1% on Thursday, Mr. McBride said, citing Bankrate figures. That compares to an all-time low of 2.88% in January.</p><p><blockquote>麦克布莱德援引银行利率数据表示，周四30年期固定利率抵押贷款的平均再融资利率为3.1%。相比之下，1月份的历史低点为2.88%。</blockquote></p><p> Fannie and Freddie encourage low borrowing costs by purchasing many mortgages from lenders and subsequently guaranteeing them. The fee was intended to cover potential losses related to the pandemic and government measures to soften its economic impact, including a foreclosure moratorium and another program that allowed some borrowers to suspend monthly payments.</p><p><blockquote>房利美和房地美通过从贷方购买许多抵押贷款并随后为其提供担保来鼓励低借贷成本。该费用旨在弥补与疫情和政府减轻其经济影响的措施相关的潜在损失，包括暂停止赎和另一项允许一些借款人暂停每月还款的计划。</blockquote></p><p> Such programs didn’t see as much use as expected, as job losses were less severe than initially feared among more-affluent workers, who are more likely to own their homes. Rising home prices further diminished the potential for loan losses, and Fannie and Freddie both posted robust profits last year, even before the fee was in effect.</p><p><blockquote>此类计划并没有像预期的那样发挥作用，因为在更富裕的工人中，失业没有最初担心的那么严重，他们更有可能拥有自己的住房。房价上涨进一步降低了贷款损失的可能性，房利美和房地美去年都公布了强劲的利润，甚至在费用生效之前。</blockquote></p><p> The fee prompted criticism from mortgage lenders and a bipartisan group of lawmakers.</p><p><blockquote>这笔费用引起了抵押贷款机构和两党立法者的批评。</blockquote></p><p> The announcement of its elimination comes less than a month after President Biden ousted former FHFA Director Mark Calabria, a Trump administration appointee. Mr. Calabria had prioritized returning Fannie and Freddie to private hands after 12 years of government control—known as conservatorship—following the 2008 financial crisis.</p><p><blockquote>在拜登总统罢免特朗普政府任命的前FHFA主任马克·卡拉布里亚(Mark Calabria)后不到一个月，该机构就宣布取消该机构。2008年金融危机后，卡拉布里亚先生优先考虑将房利美和房地美交还给私人手中，此前房利美和房地美受到了12年的政府控制（即监管）。</blockquote></p><p> The fee generated $5 million in additional revenue for every $1 billion of eligible mortgages acquired by Fannie and Freddie, bolstering their finances and enhancing their potential attractiveness to investors.</p><p><blockquote>房利美和房地美每获得10亿美元的合格抵押贷款，这笔费用就能产生500万美元的额外收入，增强了它们的财务状况并增强了它们对投资者的潜在吸引力。</blockquote></p><p> “There’s no continuing rationale for charging the fee, so they’re getting rid of it,” said Bob Broeksmit, president of the Mortgage Bankers Association. “It’s a clear manifestation of Acting Director Thompson’s pivot toward mission and consumers, as opposed to previous director Calabria’s single-minded focus on capital-building and release from conservatorship.”</p><p><blockquote>抵押贷款银行家协会主席鲍勃·布罗克斯米特(Bob Broeksmit)表示：“没有持续的理由收取这项费用，因此他们正在取消这项费用。”“这清楚地体现了代理董事汤普森转向使命和消费者，而前任董事卡拉布里亚则专注于资本建设和解除监管。”</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mortgage-Refinancing Costs Expected to Fall as Fannie, Freddie Drop Fee<blockquote>随着房利美和房地美降低费用，抵押贷款再融资成本预计将下降</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMortgage-Refinancing Costs Expected to Fall as Fannie, Freddie Drop Fee<blockquote>随着房利美和房地美降低费用，抵押贷款再融资成本预计将下降</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">WSJ</strong><span class=\"h-time small\">2021-07-19 09:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>WASHINGTON—The cost of refinancing government-backed home loans is expected to fall as mortgage giantsFannie MaeandFreddie Macare set to drop a fee imposed last year in the midst of the Covid-19 pandemic.</p><p><blockquote>华盛顿——随着抵押贷款巨头房利美(Fannie Mae)和房地美(Freddie Macare)将降低去年在Covid-19大流行期间征收的费用，政府支持的住房贷款再融资成本预计将下降。</blockquote></p><p> A federal housing regulator said Friday that Fannie and Freddie will eliminate&nbsp;the 0.5% fee on mortgage refinancingstarting Aug. 1. The fee, imposed in December, added about $1,400 to the cost of refinancing an average mortgage backed by the firms, according to an estimate from the Mortgage Bankers Association.</p><p><blockquote>联邦住房监管机构周五表示，房利美和房地美将从8月1日起取消0.5%的抵押贷款再融资费用。据抵押贷款银行家协会估计，这项费用于12月征收，使这些公司支持的平均抵押贷款再融资成本增加了约1,400美元。</blockquote></p><p> “The Covid-19 pandemic financially exacerbated America’s affordable housing crisis,” Federal Housing Finance Agency Acting Director Sandra L. Thompson said. “Eliminating the [fee] will help families take advantage of the low-rate environment to save more money.”</p><p><blockquote>联邦住房金融局代理局长桑德拉·L·汤普森(Sandra L.Thompson)表示：“Covid-19大流行在金融上加剧了美国的经济适用房危机。”“取消[费用]将帮助家庭利用低利率环境节省更多钱。”</blockquote></p><p> U.S. home pricesover the past year have risen at the fastest pace in decades, asa shortage of homeson the market collides with soaring demand from prospective buyers. The situation has exacerbated concerns about housing affordability and ratcheted up pressure on the Biden administration to respond.</p><p><blockquote>过去一年，美国房价以几十年来最快的速度上涨，因为市场上的房屋短缺与潜在买家飙升的需求发生了冲突。这种情况加剧了人们对住房负担能力的担忧，并加大了拜登政府做出回应的压力。</blockquote></p><p> With interest rates low by historical standards, millions of Americans have also refinanced existing mortgages to reduce their monthly payments. But the fee charged by Fannie and Freddie eliminated a chunk of those savings for affected borrowers.</p><p><blockquote>由于利率处于历史低位，数百万美国人也对现有抵押贷款进行了再融资，以减少每月还款额。但房利美和房地美收取的费用消除了受影响借款人的大部分储蓄。</blockquote></p><p> Greg McBride, chief financial analyst at personal-finance firm Bankrate.com, said the fee added about one-eighth of a percentage point to the average mortgage rate, or about $20 a month for a $300,000 loan.</p><p><blockquote>个人理财公司Bankrate.com的首席金融分析师格雷格·麦克布莱德(Greg McBride)表示，这笔费用使平均抵押贷款利率增加了约八分之一个百分点，即30万美元贷款每月约20美元。</blockquote></p><p> “Lenders may use this as an opportunity to pad their own margins that have been squeezed by low rates and heated competition, so it is important for homeowners to seek out the lenders offering the best terms,” Mr. McBride said.</p><p><blockquote>麦克布莱德先生说：“贷方可能会以此为机会来提高自己因低利率和激烈竞争而受到挤压的利润率，因此房主寻找提供最佳条款的贷方非常重要。”</blockquote></p><p> Average refinancing rates for a 30-year fixed-rate mortgage stood at 3.1% on Thursday, Mr. McBride said, citing Bankrate figures. That compares to an all-time low of 2.88% in January.</p><p><blockquote>麦克布莱德援引银行利率数据表示，周四30年期固定利率抵押贷款的平均再融资利率为3.1%。相比之下，1月份的历史低点为2.88%。</blockquote></p><p> Fannie and Freddie encourage low borrowing costs by purchasing many mortgages from lenders and subsequently guaranteeing them. The fee was intended to cover potential losses related to the pandemic and government measures to soften its economic impact, including a foreclosure moratorium and another program that allowed some borrowers to suspend monthly payments.</p><p><blockquote>房利美和房地美通过从贷方购买许多抵押贷款并随后为其提供担保来鼓励低借贷成本。该费用旨在弥补与疫情和政府减轻其经济影响的措施相关的潜在损失，包括暂停止赎和另一项允许一些借款人暂停每月还款的计划。</blockquote></p><p> Such programs didn’t see as much use as expected, as job losses were less severe than initially feared among more-affluent workers, who are more likely to own their homes. Rising home prices further diminished the potential for loan losses, and Fannie and Freddie both posted robust profits last year, even before the fee was in effect.</p><p><blockquote>此类计划并没有像预期的那样发挥作用，因为在更富裕的工人中，失业没有最初担心的那么严重，他们更有可能拥有自己的住房。房价上涨进一步降低了贷款损失的可能性，房利美和房地美去年都公布了强劲的利润，甚至在费用生效之前。</blockquote></p><p> The fee prompted criticism from mortgage lenders and a bipartisan group of lawmakers.</p><p><blockquote>这笔费用引起了抵押贷款机构和两党立法者的批评。</blockquote></p><p> The announcement of its elimination comes less than a month after President Biden ousted former FHFA Director Mark Calabria, a Trump administration appointee. Mr. Calabria had prioritized returning Fannie and Freddie to private hands after 12 years of government control—known as conservatorship—following the 2008 financial crisis.</p><p><blockquote>在拜登总统罢免特朗普政府任命的前FHFA主任马克·卡拉布里亚(Mark Calabria)后不到一个月，该机构就宣布取消该机构。2008年金融危机后，卡拉布里亚先生优先考虑将房利美和房地美交还给私人手中，此前房利美和房地美受到了12年的政府控制（即监管）。</blockquote></p><p> The fee generated $5 million in additional revenue for every $1 billion of eligible mortgages acquired by Fannie and Freddie, bolstering their finances and enhancing their potential attractiveness to investors.</p><p><blockquote>房利美和房地美每获得10亿美元的合格抵押贷款，这笔费用就能产生500万美元的额外收入，增强了它们的财务状况并增强了它们对投资者的潜在吸引力。</blockquote></p><p> “There’s no continuing rationale for charging the fee, so they’re getting rid of it,” said Bob Broeksmit, president of the Mortgage Bankers Association. “It’s a clear manifestation of Acting Director Thompson’s pivot toward mission and consumers, as opposed to previous director Calabria’s single-minded focus on capital-building and release from conservatorship.”</p><p><blockquote>抵押贷款银行家协会主席鲍勃·布罗克斯米特(Bob Broeksmit)表示：“没有持续的理由收取这项费用，因此他们正在取消这项费用。”“这清楚地体现了代理董事汤普森转向使命和消费者，而前任董事卡拉布里亚则专注于资本建设和解除监管。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/mortgage-refinance-fee-to-be-dropped-by-fannie-mae-freddie-mac-11626453646?mod=markets_lead_pos4\">WSJ</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FNMA":"房利美","FMCC":"房地美"},"source_url":"https://www.wsj.com/articles/mortgage-refinance-fee-to-be-dropped-by-fannie-mae-freddie-mac-11626453646?mod=markets_lead_pos4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126246997","content_text":"WASHINGTON—The cost of refinancing government-backed home loans is expected to fall as mortgage giantsFannie MaeandFreddie Macare set to drop a fee imposed last year in the midst of the Covid-19 pandemic.\nA federal housing regulator said Friday that Fannie and Freddie will eliminate the 0.5% fee on mortgage refinancingstarting Aug. 1. The fee, imposed in December, added about $1,400 to the cost of refinancing an average mortgage backed by the firms, according to an estimate from the Mortgage Bankers Association.\n“The Covid-19 pandemic financially exacerbated America’s affordable housing crisis,” Federal Housing Finance Agency Acting Director Sandra L. Thompson said. “Eliminating the [fee] will help families take advantage of the low-rate environment to save more money.”\nU.S. home pricesover the past year have risen at the fastest pace in decades, asa shortage of homeson the market collides with soaring demand from prospective buyers. The situation has exacerbated concerns about housing affordability and ratcheted up pressure on the Biden administration to respond.\nWith interest rates low by historical standards, millions of Americans have also refinanced existing mortgages to reduce their monthly payments. But the fee charged by Fannie and Freddie eliminated a chunk of those savings for affected borrowers.\nGreg McBride, chief financial analyst at personal-finance firm Bankrate.com, said the fee added about one-eighth of a percentage point to the average mortgage rate, or about $20 a month for a $300,000 loan.\n“Lenders may use this as an opportunity to pad their own margins that have been squeezed by low rates and heated competition, so it is important for homeowners to seek out the lenders offering the best terms,” Mr. McBride said.\nAverage refinancing rates for a 30-year fixed-rate mortgage stood at 3.1% on Thursday, Mr. McBride said, citing Bankrate figures. That compares to an all-time low of 2.88% in January.\nFannie and Freddie encourage low borrowing costs by purchasing many mortgages from lenders and subsequently guaranteeing them. The fee was intended to cover potential losses related to the pandemic and government measures to soften its economic impact, including a foreclosure moratorium and another program that allowed some borrowers to suspend monthly payments.\nSuch programs didn’t see as much use as expected, as job losses were less severe than initially feared among more-affluent workers, who are more likely to own their homes. Rising home prices further diminished the potential for loan losses, and Fannie and Freddie both posted robust profits last year, even before the fee was in effect.\nThe fee prompted criticism from mortgage lenders and a bipartisan group of lawmakers.\nThe announcement of its elimination comes less than a month after President Biden ousted former FHFA Director Mark Calabria, a Trump administration appointee. Mr. Calabria had prioritized returning Fannie and Freddie to private hands after 12 years of government control—known as conservatorship—following the 2008 financial crisis.\nThe fee generated $5 million in additional revenue for every $1 billion of eligible mortgages acquired by Fannie and Freddie, bolstering their finances and enhancing their potential attractiveness to investors.\n“There’s no continuing rationale for charging the fee, so they’re getting rid of it,” said Bob Broeksmit, president of the Mortgage Bankers Association. “It’s a clear manifestation of Acting Director Thompson’s pivot toward mission and consumers, as opposed to previous director Calabria’s single-minded focus on capital-building and release from conservatorship.”","news_type":1,"symbols_score_info":{"FMCC":0.9,"FNMA":0.9}},"isVote":1,"tweetType":1,"viewCount":2934,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":179240681,"gmtCreate":1626538804843,"gmtModify":1633925979720,"author":{"id":"3583709064106308","authorId":"3583709064106308","name":"jjing","avatar":"https://static.tigerbbs.com/26b1694ca5e6e6f17094274824968463","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583709064106308","authorIdStr":"3583709064106308"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/179240681","repostId":"2152689084","repostType":4,"isVote":1,"tweetType":1,"viewCount":2419,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":179240966,"gmtCreate":1626538704955,"gmtModify":1633925980191,"author":{"id":"3583709064106308","authorId":"3583709064106308","name":"jjing","avatar":"https://static.tigerbbs.com/26b1694ca5e6e6f17094274824968463","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583709064106308","authorIdStr":"3583709064106308"},"themes":[],"htmlText":"H","listText":"H","text":"H","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/179240966","repostId":"2152897876","repostType":4,"isVote":1,"tweetType":1,"viewCount":2537,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":170804076,"gmtCreate":1626417159695,"gmtModify":1633926924100,"author":{"id":"3583709064106308","authorId":"3583709064106308","name":"jjing","avatar":"https://static.tigerbbs.com/26b1694ca5e6e6f17094274824968463","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583709064106308","authorIdStr":"3583709064106308"},"themes":[],"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/170804076","repostId":"1122179575","repostType":4,"isVote":1,"tweetType":1,"viewCount":1756,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":170805908,"gmtCreate":1626417085904,"gmtModify":1633926924693,"author":{"id":"3583709064106308","authorId":"3583709064106308","name":"jjing","avatar":"https://static.tigerbbs.com/26b1694ca5e6e6f17094274824968463","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583709064106308","authorIdStr":"3583709064106308"},"themes":[],"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/170805908","repostId":"2151573133","repostType":4,"isVote":1,"tweetType":1,"viewCount":2583,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":145486725,"gmtCreate":1626237755767,"gmtModify":1633928727607,"author":{"id":"3583709064106308","authorId":"3583709064106308","name":"jjing","avatar":"https://static.tigerbbs.com/26b1694ca5e6e6f17094274824968463","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583709064106308","authorIdStr":"3583709064106308"},"themes":[],"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/145486725","repostId":"1133459947","repostType":4,"repost":{"id":"1133459947","kind":"news","pubTimestamp":1626232908,"share":"https://www.laohu8.com/m/news/1133459947?lang=zh_CN&edition=full","pubTime":"2021-07-14 11:21","market":"us","language":"en","title":"Goldman Has \"Aggressively\" And Quietly Liquidated A Quarter Of Its Equity Investments<blockquote>高盛已“激进”悄悄清算四分之一股权投资</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1133459947","media":"zerohedge","summary":"While most analysts and traders were digging through Goldman's investment banking and trading result","content":"<p>While most analysts and traders were digging through Goldman's investment banking and trading results - of which the former came in stellar while trading, especially in FICC, was mediocore...</p><p><blockquote>当大多数分析师和交易员都在挖掘高盛的投资银行和交易业绩时——其中前者在交易中表现出色，尤其是在FICC，是mediocore...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/dd07fc077dd10720c94c622b49d99141\" tg-width=\"1280\" tg-height=\"706\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> ... when the bank reported itssecond best quarter on record, there was some more notable slide in the bank'sQ2 earnings presentation, and it had to do with what Goldman is doing for its own prop, or \"asset management\" book.</p><p><blockquote>...当该银行报告其有记录以来第二好的季度时，该银行第二季度的收益报告出现了一些更显着的下滑，这与高盛为自己的支柱或“资产管理”账簿所做的事情有关。</blockquote></p><p> As shown in the table below, Goldman's Asset Management (F/K/A \"prop\") also had a stellar quarter, generating a record $5.1BN in net revenue, more than double the year ago quarter.</p><p><blockquote>如下表所示，高盛的资产管理公司（F/K/a“prop”）也有一个出色的季度，净收入达到创纪录的51亿美元，是去年同期的两倍多。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8d7dcf11b10007ddc07352220768e105\" tg-width=\"771\" tg-height=\"434\" referrerpolicy=\"no-referrer\">In explaining the group's stellar performance, Goldman writes that \"equity investments produced record net revenues, with the YoY increase primarily driven by significantly higher net gains from investments in private equities, driven by company-specific events, including capital raises and sales, and improved corporate performance versus a challenging 2Q20.\"</p><p><blockquote>高盛在解释该集团的出色业绩时写道，“股权投资产生了创纪录的净收入，同比增长主要是由于私募股权投资净收益显着增加，这是由公司特定事件（包括融资和销售）推动的，以及与充满挑战的2020年第二季度相比，公司业绩有所改善。”</blockquote></p><p> The bank then breaks down the asset mix of its prop traders, which as of Q2 had some $21 billion in equity investments spread across various sectors, vintages and geographies (mostly the US).</p><p><blockquote>然后，该银行对其自营交易员的资产组合进行了细分，截至第二季度，自营交易员的股权投资约为210亿美元，分布在各个行业、年份和地区（主要是美国）。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3a2d4089fcfd78f1b6d025823c88d24d\" tg-width=\"1280\" tg-height=\"720\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Which brings us to the punchline: a chart showing what Goldman<i>had done</i>with its equity investments in 2021. Here the bank pulls no punches, making it clear in the title that it has been busy \"<i><b>harvesting</b></i>\" its balance sheet equity portfolio. Which, of course, is another word for selling.</p><p><blockquote>这就引出了笑点：一张图表显示了高盛<i>已经做了</i>2021年的股权投资。在这里，银行毫不留情，在标题中明确表示它一直很忙”<i><b>收割</b></i>“其资产负债表上的股票投资组合。当然，这是出售的另一种说法。</blockquote></p><p> What is even more remarkable is just how much Goldman has harvested so far in 2021: as shown below, having started with a $20BN equity portfolio which has enjoyed a $5BN increase in market prices,<b>Goldman dumped a whopping $5.5 billion of its equity assets so far (excluding a modest $1.5BN in purchases) or more than a quarter of its entire portfolio as of Dec 31.</b></p><p><blockquote>更值得注意的是高盛在2021年迄今为止收获了多少：如下图所示，从200亿美元的股票投资组合开始，市场价格上涨了50亿美元，<b>截至12月31日，高盛迄今已抛售了高达55亿美元的股权资产（不包括15亿美元的适度购买），占其整个投资组合的四分之一以上。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/93df1ef5d7169b1d81a0042eac5f2af6\" tg-width=\"1280\" tg-height=\"704\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Who is Goldman selling to? Anyone who will buy, but here we would wager that<b>retail investors - who have been on tilt buying in 2021 - have been the proud recipients of billions in Goldman sales.</b>This, in the financial literature is called the \"<b>distribution phase.</b>\"</p><p><blockquote>高盛在卖给谁？任何愿意购买的人，但在这里我们敢打赌<b>散户投资者在2021年一直在购买tilt，他们自豪地获得了高盛数十亿美元的销售额。</b>这在金融文献中被称为“<b>分配阶段。</b>\"</blockquote></p><p> The sales were so extensive that the topic was brought up on Goldman's earnings call earlier today. In response to a question about Goldman's efforts to reduce its equity investment portfolio, the bank said that it it has \"<b>made progress on improving its capital efficiency and is moving 'aggressively' to manage equity positions, especially since the environment is supportive.\"</b></p><p><blockquote>此次出售规模如此之大，以至于今天早些时候高盛的财报看涨期权上提到了这个话题。在回答有关高盛努力减少其股权投资组合的问题时，该行表示，它已经“<b>在提高资本效率方面取得了进展，并正在‘积极’地管理股权头寸，特别是在环境有利的情况下。”</b></blockquote></p><p> What does that mean in English? Simple: Goldman is \"aggressively\" dumping its positions in an environment that is \"supportive\", i.e., in which the dumb money is providing a constant bid into which whales such as Goldman can sell.</p><p><blockquote>那在英语中是什么意思？很简单：高盛在一个“支持”的环境中“积极”抛售其头寸，也就是说，在这个环境中，愚蠢的资金提供了一个持续的出价，高盛等鲸鱼可以出售。</blockquote></p><p> The last time Goldman was \"aggressively\" selling into a \"supportive\" market? Well, we have to go back all the way to 2007 and 2008 when Goldman was busy creating the very CDOs which its prop desk would then \"aggressively\" short. We all remember how prophetic that particular move turned out to be...</p><p><blockquote>高盛上一次“积极”向“支持”市场抛售是什么时候？好吧，我们必须追溯到2007年和2008年，当时高盛正忙于创建CDO，其道具部门随后会“积极”做空这些CDO。我们都记得那一举动是多么具有预言性...</blockquote></p><p> <b>Related:</b></p><p><blockquote><b>相关：</b></blockquote></p><p> <ul>  <li>Goldman Sachs:&nbsp;Q2 GAAP EPS of $15.02beats by $5.07.</li>  <li>Revenue of $15.39B (+15.7% Y/Y)beats by $3.22B.</li>  <li>Reversal of credit losses of $92M.</li>  <li>On July 12, 2021, the Board of Directors of The Goldman Sachs Group, Inc. approved a 60% increase in the quarterly dividend to $2.00 per common share beginning in the third quarter of 2021.</li> </ul></p><p><blockquote><ul><li>高盛：第二季度GAAP每股收益为15.02美元，超过预期为5.07美元。</li><li>收入为$15.39 B(+15.7%Y/Y)超过预期$3.22 B。</li><li>9200万美元的信用损失转回。</li><li>2021年7月12日，高盛集团董事会批准从2021年第三季度开始将季度股息增加60%，至每股普通股2.00美元。</li></ul></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman Has \"Aggressively\" And Quietly Liquidated A Quarter Of Its Equity Investments<blockquote>高盛已“激进”悄悄清算四分之一股权投资</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman Has \"Aggressively\" And Quietly Liquidated A Quarter Of Its Equity Investments<blockquote>高盛已“激进”悄悄清算四分之一股权投资</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-07-14 11:21</span>\n</p>\n</h4>\n</header>\n<article>\n<p>While most analysts and traders were digging through Goldman's investment banking and trading results - of which the former came in stellar while trading, especially in FICC, was mediocore...</p><p><blockquote>当大多数分析师和交易员都在挖掘高盛的投资银行和交易业绩时——其中前者在交易中表现出色，尤其是在FICC，是mediocore...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/dd07fc077dd10720c94c622b49d99141\" tg-width=\"1280\" tg-height=\"706\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> ... when the bank reported itssecond best quarter on record, there was some more notable slide in the bank'sQ2 earnings presentation, and it had to do with what Goldman is doing for its own prop, or \"asset management\" book.</p><p><blockquote>...当该银行报告其有记录以来第二好的季度时，该银行第二季度的收益报告出现了一些更显着的下滑，这与高盛为自己的支柱或“资产管理”账簿所做的事情有关。</blockquote></p><p> As shown in the table below, Goldman's Asset Management (F/K/A \"prop\") also had a stellar quarter, generating a record $5.1BN in net revenue, more than double the year ago quarter.</p><p><blockquote>如下表所示，高盛的资产管理公司（F/K/a“prop”）也有一个出色的季度，净收入达到创纪录的51亿美元，是去年同期的两倍多。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8d7dcf11b10007ddc07352220768e105\" tg-width=\"771\" tg-height=\"434\" referrerpolicy=\"no-referrer\">In explaining the group's stellar performance, Goldman writes that \"equity investments produced record net revenues, with the YoY increase primarily driven by significantly higher net gains from investments in private equities, driven by company-specific events, including capital raises and sales, and improved corporate performance versus a challenging 2Q20.\"</p><p><blockquote>高盛在解释该集团的出色业绩时写道，“股权投资产生了创纪录的净收入，同比增长主要是由于私募股权投资净收益显着增加，这是由公司特定事件（包括融资和销售）推动的，以及与充满挑战的2020年第二季度相比，公司业绩有所改善。”</blockquote></p><p> The bank then breaks down the asset mix of its prop traders, which as of Q2 had some $21 billion in equity investments spread across various sectors, vintages and geographies (mostly the US).</p><p><blockquote>然后，该银行对其自营交易员的资产组合进行了细分，截至第二季度，自营交易员的股权投资约为210亿美元，分布在各个行业、年份和地区（主要是美国）。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3a2d4089fcfd78f1b6d025823c88d24d\" tg-width=\"1280\" tg-height=\"720\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Which brings us to the punchline: a chart showing what Goldman<i>had done</i>with its equity investments in 2021. Here the bank pulls no punches, making it clear in the title that it has been busy \"<i><b>harvesting</b></i>\" its balance sheet equity portfolio. Which, of course, is another word for selling.</p><p><blockquote>这就引出了笑点：一张图表显示了高盛<i>已经做了</i>2021年的股权投资。在这里，银行毫不留情，在标题中明确表示它一直很忙”<i><b>收割</b></i>“其资产负债表上的股票投资组合。当然，这是出售的另一种说法。</blockquote></p><p> What is even more remarkable is just how much Goldman has harvested so far in 2021: as shown below, having started with a $20BN equity portfolio which has enjoyed a $5BN increase in market prices,<b>Goldman dumped a whopping $5.5 billion of its equity assets so far (excluding a modest $1.5BN in purchases) or more than a quarter of its entire portfolio as of Dec 31.</b></p><p><blockquote>更值得注意的是高盛在2021年迄今为止收获了多少：如下图所示，从200亿美元的股票投资组合开始，市场价格上涨了50亿美元，<b>截至12月31日，高盛迄今已抛售了高达55亿美元的股权资产（不包括15亿美元的适度购买），占其整个投资组合的四分之一以上。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/93df1ef5d7169b1d81a0042eac5f2af6\" tg-width=\"1280\" tg-height=\"704\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Who is Goldman selling to? Anyone who will buy, but here we would wager that<b>retail investors - who have been on tilt buying in 2021 - have been the proud recipients of billions in Goldman sales.</b>This, in the financial literature is called the \"<b>distribution phase.</b>\"</p><p><blockquote>高盛在卖给谁？任何愿意购买的人，但在这里我们敢打赌<b>散户投资者在2021年一直在购买tilt，他们自豪地获得了高盛数十亿美元的销售额。</b>这在金融文献中被称为“<b>分配阶段。</b>\"</blockquote></p><p> The sales were so extensive that the topic was brought up on Goldman's earnings call earlier today. In response to a question about Goldman's efforts to reduce its equity investment portfolio, the bank said that it it has \"<b>made progress on improving its capital efficiency and is moving 'aggressively' to manage equity positions, especially since the environment is supportive.\"</b></p><p><blockquote>此次出售规模如此之大，以至于今天早些时候高盛的财报看涨期权上提到了这个话题。在回答有关高盛努力减少其股权投资组合的问题时，该行表示，它已经“<b>在提高资本效率方面取得了进展，并正在‘积极’地管理股权头寸，特别是在环境有利的情况下。”</b></blockquote></p><p> What does that mean in English? Simple: Goldman is \"aggressively\" dumping its positions in an environment that is \"supportive\", i.e., in which the dumb money is providing a constant bid into which whales such as Goldman can sell.</p><p><blockquote>那在英语中是什么意思？很简单：高盛在一个“支持”的环境中“积极”抛售其头寸，也就是说，在这个环境中，愚蠢的资金提供了一个持续的出价，高盛等鲸鱼可以出售。</blockquote></p><p> The last time Goldman was \"aggressively\" selling into a \"supportive\" market? Well, we have to go back all the way to 2007 and 2008 when Goldman was busy creating the very CDOs which its prop desk would then \"aggressively\" short. We all remember how prophetic that particular move turned out to be...</p><p><blockquote>高盛上一次“积极”向“支持”市场抛售是什么时候？好吧，我们必须追溯到2007年和2008年，当时高盛正忙于创建CDO，其道具部门随后会“积极”做空这些CDO。我们都记得那一举动是多么具有预言性...</blockquote></p><p> <b>Related:</b></p><p><blockquote><b>相关：</b></blockquote></p><p> <ul>  <li>Goldman Sachs:&nbsp;Q2 GAAP EPS of $15.02beats by $5.07.</li>  <li>Revenue of $15.39B (+15.7% Y/Y)beats by $3.22B.</li>  <li>Reversal of credit losses of $92M.</li>  <li>On July 12, 2021, the Board of Directors of The Goldman Sachs Group, Inc. approved a 60% increase in the quarterly dividend to $2.00 per common share beginning in the third quarter of 2021.</li> </ul></p><p><blockquote><ul><li>高盛：第二季度GAAP每股收益为15.02美元，超过预期为5.07美元。</li><li>收入为$15.39 B(+15.7%Y/Y)超过预期$3.22 B。</li><li>9200万美元的信用损失转回。</li><li>2021年7月12日，高盛集团董事会批准从2021年第三季度开始将季度股息增加60%，至每股普通股2.00美元。</li></ul></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/goldman-has-aggressively-and-quietly-liquidated-quarter-its-equity-investments\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GS":"高盛"},"source_url":"https://www.zerohedge.com/markets/goldman-has-aggressively-and-quietly-liquidated-quarter-its-equity-investments","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133459947","content_text":"While most analysts and traders were digging through Goldman's investment banking and trading results - of which the former came in stellar while trading, especially in FICC, was mediocore...\n\n... when the bank reported itssecond best quarter on record, there was some more notable slide in the bank'sQ2 earnings presentation, and it had to do with what Goldman is doing for its own prop, or \"asset management\" book.\nAs shown in the table below, Goldman's Asset Management (F/K/A \"prop\") also had a stellar quarter, generating a record $5.1BN in net revenue, more than double the year ago quarter.\nIn explaining the group's stellar performance, Goldman writes that \"equity investments produced record net revenues, with the YoY increase primarily driven by significantly higher net gains from investments in private equities, driven by company-specific events, including capital raises and sales, and improved corporate performance versus a challenging 2Q20.\"\nThe bank then breaks down the asset mix of its prop traders, which as of Q2 had some $21 billion in equity investments spread across various sectors, vintages and geographies (mostly the US).\n\nWhich brings us to the punchline: a chart showing what Goldmanhad donewith its equity investments in 2021. Here the bank pulls no punches, making it clear in the title that it has been busy \"harvesting\" its balance sheet equity portfolio. Which, of course, is another word for selling.\nWhat is even more remarkable is just how much Goldman has harvested so far in 2021: as shown below, having started with a $20BN equity portfolio which has enjoyed a $5BN increase in market prices,Goldman dumped a whopping $5.5 billion of its equity assets so far (excluding a modest $1.5BN in purchases) or more than a quarter of its entire portfolio as of Dec 31.\n\nWho is Goldman selling to? Anyone who will buy, but here we would wager thatretail investors - who have been on tilt buying in 2021 - have been the proud recipients of billions in Goldman sales.This, in the financial literature is called the \"distribution phase.\"\nThe sales were so extensive that the topic was brought up on Goldman's earnings call earlier today. In response to a question about Goldman's efforts to reduce its equity investment portfolio, the bank said that it it has \"made progress on improving its capital efficiency and is moving 'aggressively' to manage equity positions, especially since the environment is supportive.\"\nWhat does that mean in English? Simple: Goldman is \"aggressively\" dumping its positions in an environment that is \"supportive\", i.e., in which the dumb money is providing a constant bid into which whales such as Goldman can sell.\nThe last time Goldman was \"aggressively\" selling into a \"supportive\" market? Well, we have to go back all the way to 2007 and 2008 when Goldman was busy creating the very CDOs which its prop desk would then \"aggressively\" short. We all remember how prophetic that particular move turned out to be...\nRelated:\n\nGoldman Sachs: Q2 GAAP EPS of $15.02beats by $5.07.\nRevenue of $15.39B (+15.7% Y/Y)beats by $3.22B.\nReversal of credit losses of $92M.\nOn July 12, 2021, the Board of Directors of The Goldman Sachs Group, Inc. approved a 60% increase in the quarterly dividend to $2.00 per common share beginning in the third quarter of 2021.","news_type":1,"symbols_score_info":{"GS":0.9}},"isVote":1,"tweetType":1,"viewCount":3347,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":145486314,"gmtCreate":1626237671238,"gmtModify":1633928728051,"author":{"id":"3583709064106308","authorId":"3583709064106308","name":"jjing","avatar":"https://static.tigerbbs.com/26b1694ca5e6e6f17094274824968463","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583709064106308","authorIdStr":"3583709064106308"},"themes":[],"htmlText":"Ya","listText":"Ya","text":"Ya","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/145486314","repostId":"2151560584","repostType":4,"isVote":1,"tweetType":1,"viewCount":1846,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":173623936,"gmtCreate":1626658310825,"gmtModify":1633925192147,"author":{"id":"3583709064106308","authorId":"3583709064106308","name":"jjing","avatar":"https://static.tigerbbs.com/26b1694ca5e6e6f17094274824968463","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583709064106308","idStr":"3583709064106308"},"themes":[],"htmlText":"Like please","listText":"Like please","text":"Like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/173623936","repostId":"1126246997","repostType":4,"repost":{"id":"1126246997","kind":"news","pubTimestamp":1626657763,"share":"https://www.laohu8.com/m/news/1126246997?lang=zh_CN&edition=full","pubTime":"2021-07-19 09:22","market":"us","language":"en","title":"Mortgage-Refinancing Costs Expected to Fall as Fannie, Freddie Drop Fee<blockquote>随着房利美和房地美降低费用，抵押贷款再融资成本预计将下降</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1126246997","media":"WSJ","summary":"WASHINGTON—The cost of refinancing government-backed home loans is expected to fall as mortgage gian","content":"<p>WASHINGTON—The cost of refinancing government-backed home loans is expected to fall as mortgage giantsFannie MaeandFreddie Macare set to drop a fee imposed last year in the midst of the Covid-19 pandemic.</p><p><blockquote>华盛顿——随着抵押贷款巨头房利美(Fannie Mae)和房地美(Freddie Macare)将降低去年在Covid-19大流行期间征收的费用，政府支持的住房贷款再融资成本预计将下降。</blockquote></p><p> A federal housing regulator said Friday that Fannie and Freddie will eliminate&nbsp;the 0.5% fee on mortgage refinancingstarting Aug. 1. The fee, imposed in December, added about $1,400 to the cost of refinancing an average mortgage backed by the firms, according to an estimate from the Mortgage Bankers Association.</p><p><blockquote>联邦住房监管机构周五表示，房利美和房地美将从8月1日起取消0.5%的抵押贷款再融资费用。据抵押贷款银行家协会估计，这项费用于12月征收，使这些公司支持的平均抵押贷款再融资成本增加了约1,400美元。</blockquote></p><p> “The Covid-19 pandemic financially exacerbated America’s affordable housing crisis,” Federal Housing Finance Agency Acting Director Sandra L. Thompson said. “Eliminating the [fee] will help families take advantage of the low-rate environment to save more money.”</p><p><blockquote>联邦住房金融局代理局长桑德拉·L·汤普森(Sandra L.Thompson)表示：“Covid-19大流行在金融上加剧了美国的经济适用房危机。”“取消[费用]将帮助家庭利用低利率环境节省更多钱。”</blockquote></p><p> U.S. home pricesover the past year have risen at the fastest pace in decades, asa shortage of homeson the market collides with soaring demand from prospective buyers. The situation has exacerbated concerns about housing affordability and ratcheted up pressure on the Biden administration to respond.</p><p><blockquote>过去一年，美国房价以几十年来最快的速度上涨，因为市场上的房屋短缺与潜在买家飙升的需求发生了冲突。这种情况加剧了人们对住房负担能力的担忧，并加大了拜登政府做出回应的压力。</blockquote></p><p> With interest rates low by historical standards, millions of Americans have also refinanced existing mortgages to reduce their monthly payments. But the fee charged by Fannie and Freddie eliminated a chunk of those savings for affected borrowers.</p><p><blockquote>由于利率处于历史低位，数百万美国人也对现有抵押贷款进行了再融资，以减少每月还款额。但房利美和房地美收取的费用消除了受影响借款人的大部分储蓄。</blockquote></p><p> Greg McBride, chief financial analyst at personal-finance firm Bankrate.com, said the fee added about one-eighth of a percentage point to the average mortgage rate, or about $20 a month for a $300,000 loan.</p><p><blockquote>个人理财公司Bankrate.com的首席金融分析师格雷格·麦克布莱德(Greg McBride)表示，这笔费用使平均抵押贷款利率增加了约八分之一个百分点，即30万美元贷款每月约20美元。</blockquote></p><p> “Lenders may use this as an opportunity to pad their own margins that have been squeezed by low rates and heated competition, so it is important for homeowners to seek out the lenders offering the best terms,” Mr. McBride said.</p><p><blockquote>麦克布莱德先生说：“贷方可能会以此为机会来提高自己因低利率和激烈竞争而受到挤压的利润率，因此房主寻找提供最佳条款的贷方非常重要。”</blockquote></p><p> Average refinancing rates for a 30-year fixed-rate mortgage stood at 3.1% on Thursday, Mr. McBride said, citing Bankrate figures. That compares to an all-time low of 2.88% in January.</p><p><blockquote>麦克布莱德援引银行利率数据表示，周四30年期固定利率抵押贷款的平均再融资利率为3.1%。相比之下，1月份的历史低点为2.88%。</blockquote></p><p> Fannie and Freddie encourage low borrowing costs by purchasing many mortgages from lenders and subsequently guaranteeing them. The fee was intended to cover potential losses related to the pandemic and government measures to soften its economic impact, including a foreclosure moratorium and another program that allowed some borrowers to suspend monthly payments.</p><p><blockquote>房利美和房地美通过从贷方购买许多抵押贷款并随后为其提供担保来鼓励低借贷成本。该费用旨在弥补与疫情和政府减轻其经济影响的措施相关的潜在损失，包括暂停止赎和另一项允许一些借款人暂停每月还款的计划。</blockquote></p><p> Such programs didn’t see as much use as expected, as job losses were less severe than initially feared among more-affluent workers, who are more likely to own their homes. Rising home prices further diminished the potential for loan losses, and Fannie and Freddie both posted robust profits last year, even before the fee was in effect.</p><p><blockquote>此类计划并没有像预期的那样发挥作用，因为在更富裕的工人中，失业没有最初担心的那么严重，他们更有可能拥有自己的住房。房价上涨进一步降低了贷款损失的可能性，房利美和房地美去年都公布了强劲的利润，甚至在费用生效之前。</blockquote></p><p> The fee prompted criticism from mortgage lenders and a bipartisan group of lawmakers.</p><p><blockquote>这笔费用引起了抵押贷款机构和两党立法者的批评。</blockquote></p><p> The announcement of its elimination comes less than a month after President Biden ousted former FHFA Director Mark Calabria, a Trump administration appointee. Mr. Calabria had prioritized returning Fannie and Freddie to private hands after 12 years of government control—known as conservatorship—following the 2008 financial crisis.</p><p><blockquote>在拜登总统罢免特朗普政府任命的前FHFA主任马克·卡拉布里亚(Mark Calabria)后不到一个月，该机构就宣布取消该机构。2008年金融危机后，卡拉布里亚先生优先考虑将房利美和房地美交还给私人手中，此前房利美和房地美受到了12年的政府控制（即监管）。</blockquote></p><p> The fee generated $5 million in additional revenue for every $1 billion of eligible mortgages acquired by Fannie and Freddie, bolstering their finances and enhancing their potential attractiveness to investors.</p><p><blockquote>房利美和房地美每获得10亿美元的合格抵押贷款，这笔费用就能产生500万美元的额外收入，增强了它们的财务状况并增强了它们对投资者的潜在吸引力。</blockquote></p><p> “There’s no continuing rationale for charging the fee, so they’re getting rid of it,” said Bob Broeksmit, president of the Mortgage Bankers Association. “It’s a clear manifestation of Acting Director Thompson’s pivot toward mission and consumers, as opposed to previous director Calabria’s single-minded focus on capital-building and release from conservatorship.”</p><p><blockquote>抵押贷款银行家协会主席鲍勃·布罗克斯米特(Bob Broeksmit)表示：“没有持续的理由收取这项费用，因此他们正在取消这项费用。”“这清楚地体现了代理董事汤普森转向使命和消费者，而前任董事卡拉布里亚则专注于资本建设和解除监管。”</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mortgage-Refinancing Costs Expected to Fall as Fannie, Freddie Drop Fee<blockquote>随着房利美和房地美降低费用，抵押贷款再融资成本预计将下降</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMortgage-Refinancing Costs Expected to Fall as Fannie, Freddie Drop Fee<blockquote>随着房利美和房地美降低费用，抵押贷款再融资成本预计将下降</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">WSJ</strong><span class=\"h-time small\">2021-07-19 09:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>WASHINGTON—The cost of refinancing government-backed home loans is expected to fall as mortgage giantsFannie MaeandFreddie Macare set to drop a fee imposed last year in the midst of the Covid-19 pandemic.</p><p><blockquote>华盛顿——随着抵押贷款巨头房利美(Fannie Mae)和房地美(Freddie Macare)将降低去年在Covid-19大流行期间征收的费用，政府支持的住房贷款再融资成本预计将下降。</blockquote></p><p> A federal housing regulator said Friday that Fannie and Freddie will eliminate&nbsp;the 0.5% fee on mortgage refinancingstarting Aug. 1. The fee, imposed in December, added about $1,400 to the cost of refinancing an average mortgage backed by the firms, according to an estimate from the Mortgage Bankers Association.</p><p><blockquote>联邦住房监管机构周五表示，房利美和房地美将从8月1日起取消0.5%的抵押贷款再融资费用。据抵押贷款银行家协会估计，这项费用于12月征收，使这些公司支持的平均抵押贷款再融资成本增加了约1,400美元。</blockquote></p><p> “The Covid-19 pandemic financially exacerbated America’s affordable housing crisis,” Federal Housing Finance Agency Acting Director Sandra L. Thompson said. “Eliminating the [fee] will help families take advantage of the low-rate environment to save more money.”</p><p><blockquote>联邦住房金融局代理局长桑德拉·L·汤普森(Sandra L.Thompson)表示：“Covid-19大流行在金融上加剧了美国的经济适用房危机。”“取消[费用]将帮助家庭利用低利率环境节省更多钱。”</blockquote></p><p> U.S. home pricesover the past year have risen at the fastest pace in decades, asa shortage of homeson the market collides with soaring demand from prospective buyers. The situation has exacerbated concerns about housing affordability and ratcheted up pressure on the Biden administration to respond.</p><p><blockquote>过去一年，美国房价以几十年来最快的速度上涨，因为市场上的房屋短缺与潜在买家飙升的需求发生了冲突。这种情况加剧了人们对住房负担能力的担忧，并加大了拜登政府做出回应的压力。</blockquote></p><p> With interest rates low by historical standards, millions of Americans have also refinanced existing mortgages to reduce their monthly payments. But the fee charged by Fannie and Freddie eliminated a chunk of those savings for affected borrowers.</p><p><blockquote>由于利率处于历史低位，数百万美国人也对现有抵押贷款进行了再融资，以减少每月还款额。但房利美和房地美收取的费用消除了受影响借款人的大部分储蓄。</blockquote></p><p> Greg McBride, chief financial analyst at personal-finance firm Bankrate.com, said the fee added about one-eighth of a percentage point to the average mortgage rate, or about $20 a month for a $300,000 loan.</p><p><blockquote>个人理财公司Bankrate.com的首席金融分析师格雷格·麦克布莱德(Greg McBride)表示，这笔费用使平均抵押贷款利率增加了约八分之一个百分点，即30万美元贷款每月约20美元。</blockquote></p><p> “Lenders may use this as an opportunity to pad their own margins that have been squeezed by low rates and heated competition, so it is important for homeowners to seek out the lenders offering the best terms,” Mr. McBride said.</p><p><blockquote>麦克布莱德先生说：“贷方可能会以此为机会来提高自己因低利率和激烈竞争而受到挤压的利润率，因此房主寻找提供最佳条款的贷方非常重要。”</blockquote></p><p> Average refinancing rates for a 30-year fixed-rate mortgage stood at 3.1% on Thursday, Mr. McBride said, citing Bankrate figures. That compares to an all-time low of 2.88% in January.</p><p><blockquote>麦克布莱德援引银行利率数据表示，周四30年期固定利率抵押贷款的平均再融资利率为3.1%。相比之下，1月份的历史低点为2.88%。</blockquote></p><p> Fannie and Freddie encourage low borrowing costs by purchasing many mortgages from lenders and subsequently guaranteeing them. The fee was intended to cover potential losses related to the pandemic and government measures to soften its economic impact, including a foreclosure moratorium and another program that allowed some borrowers to suspend monthly payments.</p><p><blockquote>房利美和房地美通过从贷方购买许多抵押贷款并随后为其提供担保来鼓励低借贷成本。该费用旨在弥补与疫情和政府减轻其经济影响的措施相关的潜在损失，包括暂停止赎和另一项允许一些借款人暂停每月还款的计划。</blockquote></p><p> Such programs didn’t see as much use as expected, as job losses were less severe than initially feared among more-affluent workers, who are more likely to own their homes. Rising home prices further diminished the potential for loan losses, and Fannie and Freddie both posted robust profits last year, even before the fee was in effect.</p><p><blockquote>此类计划并没有像预期的那样发挥作用，因为在更富裕的工人中，失业没有最初担心的那么严重，他们更有可能拥有自己的住房。房价上涨进一步降低了贷款损失的可能性，房利美和房地美去年都公布了强劲的利润，甚至在费用生效之前。</blockquote></p><p> The fee prompted criticism from mortgage lenders and a bipartisan group of lawmakers.</p><p><blockquote>这笔费用引起了抵押贷款机构和两党立法者的批评。</blockquote></p><p> The announcement of its elimination comes less than a month after President Biden ousted former FHFA Director Mark Calabria, a Trump administration appointee. Mr. Calabria had prioritized returning Fannie and Freddie to private hands after 12 years of government control—known as conservatorship—following the 2008 financial crisis.</p><p><blockquote>在拜登总统罢免特朗普政府任命的前FHFA主任马克·卡拉布里亚(Mark Calabria)后不到一个月，该机构就宣布取消该机构。2008年金融危机后，卡拉布里亚先生优先考虑将房利美和房地美交还给私人手中，此前房利美和房地美受到了12年的政府控制（即监管）。</blockquote></p><p> The fee generated $5 million in additional revenue for every $1 billion of eligible mortgages acquired by Fannie and Freddie, bolstering their finances and enhancing their potential attractiveness to investors.</p><p><blockquote>房利美和房地美每获得10亿美元的合格抵押贷款，这笔费用就能产生500万美元的额外收入，增强了它们的财务状况并增强了它们对投资者的潜在吸引力。</blockquote></p><p> “There’s no continuing rationale for charging the fee, so they’re getting rid of it,” said Bob Broeksmit, president of the Mortgage Bankers Association. “It’s a clear manifestation of Acting Director Thompson’s pivot toward mission and consumers, as opposed to previous director Calabria’s single-minded focus on capital-building and release from conservatorship.”</p><p><blockquote>抵押贷款银行家协会主席鲍勃·布罗克斯米特(Bob Broeksmit)表示：“没有持续的理由收取这项费用，因此他们正在取消这项费用。”“这清楚地体现了代理董事汤普森转向使命和消费者，而前任董事卡拉布里亚则专注于资本建设和解除监管。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/mortgage-refinance-fee-to-be-dropped-by-fannie-mae-freddie-mac-11626453646?mod=markets_lead_pos4\">WSJ</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FNMA":"房利美","FMCC":"房地美"},"source_url":"https://www.wsj.com/articles/mortgage-refinance-fee-to-be-dropped-by-fannie-mae-freddie-mac-11626453646?mod=markets_lead_pos4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126246997","content_text":"WASHINGTON—The cost of refinancing government-backed home loans is expected to fall as mortgage giantsFannie MaeandFreddie Macare set to drop a fee imposed last year in the midst of the Covid-19 pandemic.\nA federal housing regulator said Friday that Fannie and Freddie will eliminate the 0.5% fee on mortgage refinancingstarting Aug. 1. The fee, imposed in December, added about $1,400 to the cost of refinancing an average mortgage backed by the firms, according to an estimate from the Mortgage Bankers Association.\n“The Covid-19 pandemic financially exacerbated America’s affordable housing crisis,” Federal Housing Finance Agency Acting Director Sandra L. Thompson said. “Eliminating the [fee] will help families take advantage of the low-rate environment to save more money.”\nU.S. home pricesover the past year have risen at the fastest pace in decades, asa shortage of homeson the market collides with soaring demand from prospective buyers. The situation has exacerbated concerns about housing affordability and ratcheted up pressure on the Biden administration to respond.\nWith interest rates low by historical standards, millions of Americans have also refinanced existing mortgages to reduce their monthly payments. But the fee charged by Fannie and Freddie eliminated a chunk of those savings for affected borrowers.\nGreg McBride, chief financial analyst at personal-finance firm Bankrate.com, said the fee added about one-eighth of a percentage point to the average mortgage rate, or about $20 a month for a $300,000 loan.\n“Lenders may use this as an opportunity to pad their own margins that have been squeezed by low rates and heated competition, so it is important for homeowners to seek out the lenders offering the best terms,” Mr. McBride said.\nAverage refinancing rates for a 30-year fixed-rate mortgage stood at 3.1% on Thursday, Mr. McBride said, citing Bankrate figures. That compares to an all-time low of 2.88% in January.\nFannie and Freddie encourage low borrowing costs by purchasing many mortgages from lenders and subsequently guaranteeing them. The fee was intended to cover potential losses related to the pandemic and government measures to soften its economic impact, including a foreclosure moratorium and another program that allowed some borrowers to suspend monthly payments.\nSuch programs didn’t see as much use as expected, as job losses were less severe than initially feared among more-affluent workers, who are more likely to own their homes. Rising home prices further diminished the potential for loan losses, and Fannie and Freddie both posted robust profits last year, even before the fee was in effect.\nThe fee prompted criticism from mortgage lenders and a bipartisan group of lawmakers.\nThe announcement of its elimination comes less than a month after President Biden ousted former FHFA Director Mark Calabria, a Trump administration appointee. Mr. Calabria had prioritized returning Fannie and Freddie to private hands after 12 years of government control—known as conservatorship—following the 2008 financial crisis.\nThe fee generated $5 million in additional revenue for every $1 billion of eligible mortgages acquired by Fannie and Freddie, bolstering their finances and enhancing their potential attractiveness to investors.\n“There’s no continuing rationale for charging the fee, so they’re getting rid of it,” said Bob Broeksmit, president of the Mortgage Bankers Association. “It’s a clear manifestation of Acting Director Thompson’s pivot toward mission and consumers, as opposed to previous director Calabria’s single-minded focus on capital-building and release from 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11:21","market":"us","language":"en","title":"Goldman Has \"Aggressively\" And Quietly Liquidated A Quarter Of Its Equity Investments<blockquote>高盛已“激进”悄悄清算四分之一股权投资</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1133459947","media":"zerohedge","summary":"While most analysts and traders were digging through Goldman's investment banking and trading result","content":"<p>While most analysts and traders were digging through Goldman's investment banking and trading results - of which the former came in stellar while trading, especially in FICC, was mediocore...</p><p><blockquote>当大多数分析师和交易员都在挖掘高盛的投资银行和交易业绩时——其中前者在交易中表现出色，尤其是在FICC，是mediocore...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/dd07fc077dd10720c94c622b49d99141\" tg-width=\"1280\" tg-height=\"706\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> ... when the bank reported itssecond best quarter on record, there was some more notable slide in the bank'sQ2 earnings presentation, and it had to do with what Goldman is doing for its own prop, or \"asset management\" book.</p><p><blockquote>...当该银行报告其有记录以来第二好的季度时，该银行第二季度的收益报告出现了一些更显着的下滑，这与高盛为自己的支柱或“资产管理”账簿所做的事情有关。</blockquote></p><p> As shown in the table below, Goldman's Asset Management (F/K/A \"prop\") also had a stellar quarter, generating a record $5.1BN in net revenue, more than double the year ago quarter.</p><p><blockquote>如下表所示，高盛的资产管理公司（F/K/a“prop”）也有一个出色的季度，净收入达到创纪录的51亿美元，是去年同期的两倍多。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8d7dcf11b10007ddc07352220768e105\" tg-width=\"771\" tg-height=\"434\" referrerpolicy=\"no-referrer\">In explaining the group's stellar performance, Goldman writes that \"equity investments produced record net revenues, with the YoY increase primarily driven by significantly higher net gains from investments in private equities, driven by company-specific events, including capital raises and sales, and improved corporate performance versus a challenging 2Q20.\"</p><p><blockquote>高盛在解释该集团的出色业绩时写道，“股权投资产生了创纪录的净收入，同比增长主要是由于私募股权投资净收益显着增加，这是由公司特定事件（包括融资和销售）推动的，以及与充满挑战的2020年第二季度相比，公司业绩有所改善。”</blockquote></p><p> The bank then breaks down the asset mix of its prop traders, which as of Q2 had some $21 billion in equity investments spread across various sectors, vintages and geographies (mostly the US).</p><p><blockquote>然后，该银行对其自营交易员的资产组合进行了细分，截至第二季度，自营交易员的股权投资约为210亿美元，分布在各个行业、年份和地区（主要是美国）。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3a2d4089fcfd78f1b6d025823c88d24d\" tg-width=\"1280\" tg-height=\"720\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Which brings us to the punchline: a chart showing what Goldman<i>had done</i>with its equity investments in 2021. Here the bank pulls no punches, making it clear in the title that it has been busy \"<i><b>harvesting</b></i>\" its balance sheet equity portfolio. Which, of course, is another word for selling.</p><p><blockquote>这就引出了笑点：一张图表显示了高盛<i>已经做了</i>2021年的股权投资。在这里，银行毫不留情，在标题中明确表示它一直很忙”<i><b>收割</b></i>“其资产负债表上的股票投资组合。当然，这是出售的另一种说法。</blockquote></p><p> What is even more remarkable is just how much Goldman has harvested so far in 2021: as shown below, having started with a $20BN equity portfolio which has enjoyed a $5BN increase in market prices,<b>Goldman dumped a whopping $5.5 billion of its equity assets so far (excluding a modest $1.5BN in purchases) or more than a quarter of its entire portfolio as of Dec 31.</b></p><p><blockquote>更值得注意的是高盛在2021年迄今为止收获了多少：如下图所示，从200亿美元的股票投资组合开始，市场价格上涨了50亿美元，<b>截至12月31日，高盛迄今已抛售了高达55亿美元的股权资产（不包括15亿美元的适度购买），占其整个投资组合的四分之一以上。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/93df1ef5d7169b1d81a0042eac5f2af6\" tg-width=\"1280\" tg-height=\"704\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Who is Goldman selling to? Anyone who will buy, but here we would wager that<b>retail investors - who have been on tilt buying in 2021 - have been the proud recipients of billions in Goldman sales.</b>This, in the financial literature is called the \"<b>distribution phase.</b>\"</p><p><blockquote>高盛在卖给谁？任何愿意购买的人，但在这里我们敢打赌<b>散户投资者在2021年一直在购买tilt，他们自豪地获得了高盛数十亿美元的销售额。</b>这在金融文献中被称为“<b>分配阶段。</b>\"</blockquote></p><p> The sales were so extensive that the topic was brought up on Goldman's earnings call earlier today. In response to a question about Goldman's efforts to reduce its equity investment portfolio, the bank said that it it has \"<b>made progress on improving its capital efficiency and is moving 'aggressively' to manage equity positions, especially since the environment is supportive.\"</b></p><p><blockquote>此次出售规模如此之大，以至于今天早些时候高盛的财报看涨期权上提到了这个话题。在回答有关高盛努力减少其股权投资组合的问题时，该行表示，它已经“<b>在提高资本效率方面取得了进展，并正在‘积极’地管理股权头寸，特别是在环境有利的情况下。”</b></blockquote></p><p> What does that mean in English? Simple: Goldman is \"aggressively\" dumping its positions in an environment that is \"supportive\", i.e., in which the dumb money is providing a constant bid into which whales such as Goldman can sell.</p><p><blockquote>那在英语中是什么意思？很简单：高盛在一个“支持”的环境中“积极”抛售其头寸，也就是说，在这个环境中，愚蠢的资金提供了一个持续的出价，高盛等鲸鱼可以出售。</blockquote></p><p> The last time Goldman was \"aggressively\" selling into a \"supportive\" market? Well, we have to go back all the way to 2007 and 2008 when Goldman was busy creating the very CDOs which its prop desk would then \"aggressively\" short. We all remember how prophetic that particular move turned out to be...</p><p><blockquote>高盛上一次“积极”向“支持”市场抛售是什么时候？好吧，我们必须追溯到2007年和2008年，当时高盛正忙于创建CDO，其道具部门随后会“积极”做空这些CDO。我们都记得那一举动是多么具有预言性...</blockquote></p><p> <b>Related:</b></p><p><blockquote><b>相关：</b></blockquote></p><p> <ul>  <li>Goldman Sachs:&nbsp;Q2 GAAP EPS of $15.02beats by $5.07.</li>  <li>Revenue of $15.39B (+15.7% Y/Y)beats by $3.22B.</li>  <li>Reversal of credit losses of $92M.</li>  <li>On July 12, 2021, the Board of Directors of The Goldman Sachs Group, Inc. approved a 60% increase in the quarterly dividend to $2.00 per common share beginning in the third quarter of 2021.</li> </ul></p><p><blockquote><ul><li>高盛：第二季度GAAP每股收益为15.02美元，超过预期为5.07美元。</li><li>收入为$15.39 B(+15.7%Y/Y)超过预期$3.22 B。</li><li>9200万美元的信用损失转回。</li><li>2021年7月12日，高盛集团董事会批准从2021年第三季度开始将季度股息增加60%，至每股普通股2.00美元。</li></ul></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman Has \"Aggressively\" And Quietly Liquidated A Quarter Of Its Equity Investments<blockquote>高盛已“激进”悄悄清算四分之一股权投资</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman Has \"Aggressively\" And Quietly Liquidated A Quarter Of Its Equity Investments<blockquote>高盛已“激进”悄悄清算四分之一股权投资</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-07-14 11:21</span>\n</p>\n</h4>\n</header>\n<article>\n<p>While most analysts and traders were digging through Goldman's investment banking and trading results - of which the former came in stellar while trading, especially in FICC, was mediocore...</p><p><blockquote>当大多数分析师和交易员都在挖掘高盛的投资银行和交易业绩时——其中前者在交易中表现出色，尤其是在FICC，是mediocore...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/dd07fc077dd10720c94c622b49d99141\" tg-width=\"1280\" tg-height=\"706\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> ... when the bank reported itssecond best quarter on record, there was some more notable slide in the bank'sQ2 earnings presentation, and it had to do with what Goldman is doing for its own prop, or \"asset management\" book.</p><p><blockquote>...当该银行报告其有记录以来第二好的季度时，该银行第二季度的收益报告出现了一些更显着的下滑，这与高盛为自己的支柱或“资产管理”账簿所做的事情有关。</blockquote></p><p> As shown in the table below, Goldman's Asset Management (F/K/A \"prop\") also had a stellar quarter, generating a record $5.1BN in net revenue, more than double the year ago quarter.</p><p><blockquote>如下表所示，高盛的资产管理公司（F/K/a“prop”）也有一个出色的季度，净收入达到创纪录的51亿美元，是去年同期的两倍多。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8d7dcf11b10007ddc07352220768e105\" tg-width=\"771\" tg-height=\"434\" referrerpolicy=\"no-referrer\">In explaining the group's stellar performance, Goldman writes that \"equity investments produced record net revenues, with the YoY increase primarily driven by significantly higher net gains from investments in private equities, driven by company-specific events, including capital raises and sales, and improved corporate performance versus a challenging 2Q20.\"</p><p><blockquote>高盛在解释该集团的出色业绩时写道，“股权投资产生了创纪录的净收入，同比增长主要是由于私募股权投资净收益显着增加，这是由公司特定事件（包括融资和销售）推动的，以及与充满挑战的2020年第二季度相比，公司业绩有所改善。”</blockquote></p><p> The bank then breaks down the asset mix of its prop traders, which as of Q2 had some $21 billion in equity investments spread across various sectors, vintages and geographies (mostly the US).</p><p><blockquote>然后，该银行对其自营交易员的资产组合进行了细分，截至第二季度，自营交易员的股权投资约为210亿美元，分布在各个行业、年份和地区（主要是美国）。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3a2d4089fcfd78f1b6d025823c88d24d\" tg-width=\"1280\" tg-height=\"720\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Which brings us to the punchline: a chart showing what Goldman<i>had done</i>with its equity investments in 2021. Here the bank pulls no punches, making it clear in the title that it has been busy \"<i><b>harvesting</b></i>\" its balance sheet equity portfolio. Which, of course, is another word for selling.</p><p><blockquote>这就引出了笑点：一张图表显示了高盛<i>已经做了</i>2021年的股权投资。在这里，银行毫不留情，在标题中明确表示它一直很忙”<i><b>收割</b></i>“其资产负债表上的股票投资组合。当然，这是出售的另一种说法。</blockquote></p><p> What is even more remarkable is just how much Goldman has harvested so far in 2021: as shown below, having started with a $20BN equity portfolio which has enjoyed a $5BN increase in market prices,<b>Goldman dumped a whopping $5.5 billion of its equity assets so far (excluding a modest $1.5BN in purchases) or more than a quarter of its entire portfolio as of Dec 31.</b></p><p><blockquote>更值得注意的是高盛在2021年迄今为止收获了多少：如下图所示，从200亿美元的股票投资组合开始，市场价格上涨了50亿美元，<b>截至12月31日，高盛迄今已抛售了高达55亿美元的股权资产（不包括15亿美元的适度购买），占其整个投资组合的四分之一以上。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/93df1ef5d7169b1d81a0042eac5f2af6\" tg-width=\"1280\" tg-height=\"704\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Who is Goldman selling to? Anyone who will buy, but here we would wager that<b>retail investors - who have been on tilt buying in 2021 - have been the proud recipients of billions in Goldman sales.</b>This, in the financial literature is called the \"<b>distribution phase.</b>\"</p><p><blockquote>高盛在卖给谁？任何愿意购买的人，但在这里我们敢打赌<b>散户投资者在2021年一直在购买tilt，他们自豪地获得了高盛数十亿美元的销售额。</b>这在金融文献中被称为“<b>分配阶段。</b>\"</blockquote></p><p> The sales were so extensive that the topic was brought up on Goldman's earnings call earlier today. In response to a question about Goldman's efforts to reduce its equity investment portfolio, the bank said that it it has \"<b>made progress on improving its capital efficiency and is moving 'aggressively' to manage equity positions, especially since the environment is supportive.\"</b></p><p><blockquote>此次出售规模如此之大，以至于今天早些时候高盛的财报看涨期权上提到了这个话题。在回答有关高盛努力减少其股权投资组合的问题时，该行表示，它已经“<b>在提高资本效率方面取得了进展，并正在‘积极’地管理股权头寸，特别是在环境有利的情况下。”</b></blockquote></p><p> What does that mean in English? Simple: Goldman is \"aggressively\" dumping its positions in an environment that is \"supportive\", i.e., in which the dumb money is providing a constant bid into which whales such as Goldman can sell.</p><p><blockquote>那在英语中是什么意思？很简单：高盛在一个“支持”的环境中“积极”抛售其头寸，也就是说，在这个环境中，愚蠢的资金提供了一个持续的出价，高盛等鲸鱼可以出售。</blockquote></p><p> The last time Goldman was \"aggressively\" selling into a \"supportive\" market? Well, we have to go back all the way to 2007 and 2008 when Goldman was busy creating the very CDOs which its prop desk would then \"aggressively\" short. We all remember how prophetic that particular move turned out to be...</p><p><blockquote>高盛上一次“积极”向“支持”市场抛售是什么时候？好吧，我们必须追溯到2007年和2008年，当时高盛正忙于创建CDO，其道具部门随后会“积极”做空这些CDO。我们都记得那一举动是多么具有预言性...</blockquote></p><p> <b>Related:</b></p><p><blockquote><b>相关：</b></blockquote></p><p> <ul>  <li>Goldman Sachs:&nbsp;Q2 GAAP EPS of $15.02beats by $5.07.</li>  <li>Revenue of $15.39B (+15.7% Y/Y)beats by $3.22B.</li>  <li>Reversal of credit losses of $92M.</li>  <li>On July 12, 2021, the Board of Directors of The Goldman Sachs Group, Inc. approved a 60% increase in the quarterly dividend to $2.00 per common share beginning in the third quarter of 2021.</li> </ul></p><p><blockquote><ul><li>高盛：第二季度GAAP每股收益为15.02美元，超过预期为5.07美元。</li><li>收入为$15.39 B(+15.7%Y/Y)超过预期$3.22 B。</li><li>9200万美元的信用损失转回。</li><li>2021年7月12日，高盛集团董事会批准从2021年第三季度开始将季度股息增加60%，至每股普通股2.00美元。</li></ul></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/goldman-has-aggressively-and-quietly-liquidated-quarter-its-equity-investments\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GS":"高盛"},"source_url":"https://www.zerohedge.com/markets/goldman-has-aggressively-and-quietly-liquidated-quarter-its-equity-investments","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133459947","content_text":"While most analysts and traders were digging through Goldman's investment banking and trading results - of which the former came in stellar while trading, especially in FICC, was mediocore...\n\n... when the bank reported itssecond best quarter on record, there was some more notable slide in the bank'sQ2 earnings presentation, and it had to do with what Goldman is doing for its own prop, or \"asset management\" book.\nAs shown in the table below, Goldman's Asset Management (F/K/A \"prop\") also had a stellar quarter, generating a record $5.1BN in net revenue, more than double the year ago quarter.\nIn explaining the group's stellar performance, Goldman writes that \"equity investments produced record net revenues, with the YoY increase primarily driven by significantly higher net gains from investments in private equities, driven by company-specific events, including capital raises and sales, and improved corporate performance versus a challenging 2Q20.\"\nThe bank then breaks down the asset mix of its prop traders, which as of Q2 had some $21 billion in equity investments spread across various sectors, vintages and geographies (mostly the US).\n\nWhich brings us to the punchline: a chart showing what Goldmanhad donewith its equity investments in 2021. Here the bank pulls no punches, making it clear in the title that it has been busy \"harvesting\" its balance sheet equity portfolio. Which, of course, is another word for selling.\nWhat is even more remarkable is just how much Goldman has harvested so far in 2021: as shown below, having started with a $20BN equity portfolio which has enjoyed a $5BN increase in market prices,Goldman dumped a whopping $5.5 billion of its equity assets so far (excluding a modest $1.5BN in purchases) or more than a quarter of its entire portfolio as of Dec 31.\n\nWho is Goldman selling to? Anyone who will buy, but here we would wager thatretail investors - who have been on tilt buying in 2021 - have been the proud recipients of billions in Goldman sales.This, in the financial literature is called the \"distribution phase.\"\nThe sales were so extensive that the topic was brought up on Goldman's earnings call earlier today. In response to a question about Goldman's efforts to reduce its equity investment portfolio, the bank said that it it has \"made progress on improving its capital efficiency and is moving 'aggressively' to manage equity positions, especially since the environment is supportive.\"\nWhat does that mean in English? Simple: Goldman is \"aggressively\" dumping its positions in an environment that is \"supportive\", i.e., in which the dumb money is providing a constant bid into which whales such as Goldman can sell.\nThe last time Goldman was \"aggressively\" selling into a \"supportive\" market? Well, we have to go back all the way to 2007 and 2008 when Goldman was busy creating the very CDOs which its prop desk would then \"aggressively\" short. We all remember how prophetic that particular move turned out to be...\nRelated:\n\nGoldman Sachs: Q2 GAAP EPS of $15.02beats by $5.07.\nRevenue of $15.39B (+15.7% Y/Y)beats by $3.22B.\nReversal of credit losses of $92M.\nOn July 12, 2021, the Board of Directors of The Goldman Sachs Group, Inc. approved a 60% increase in the quarterly dividend to $2.00 per common share beginning in the third quarter of 2021.","news_type":1,"symbols_score_info":{"GS":0.9}},"isVote":1,"tweetType":1,"viewCount":3347,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}