Unstructured Finance

Spinning single-family home investments into mortgage-backed securities

May 6, 2013

It’s generally been thought the main exit strategy for Wall Street-backed firms that are buying distressed homes to rent them out, is to convert to a REIT and file for an IPO. That attempt to cash-out on the single-family home trade has obvious benefits for the big institutional buyers but risks for retail investors as the math behind the buy-to-rent model becomes increasingly suspect.

Calendar

May 3, 2013

Some important events in the week ahead:

Sunday, May 5 – Tuesday, May 7

Offshore investigators, service providers and clients attend the Offshore Alert Conference. The Ritz-Carlton South Beach. Miami.

Wall Street’s trading businesses turn to survival of the least dead

May 4, 2013

Darwin theorized that peacocks’ colorful plumage was a sign of        their evolutionary strength.

Essential reading: Corporate taxes come up for review, and more

May 3, 2013

Welcome to the top tax and accounting headlines from Reuters and other sources.

* The corporate tax game. Graham Bowley – The New York Times
. Despite the widespread support, the campaign for a tax reform overhaul is exposing deep fault lines within the business world that suggest it may fall apart. Link

The sultans of swing

May 3, 2013

Although most investors have been pleased with the steadily rising U.S stock market over the past six months, funds that profit when markets are convulsing are licking their wounds.

Essential reading: State Republicans divided on tax cuts, and more

May 2, 2013

Louisiana Governor Bobby Jindal speaks after the National Governors Association meeting in Washington, February 25, 2013. REUTERS/Kevin Lamarque

Essential reading: U.S. tax receipts may slow borrowing, and more

May 1, 2013

Welcome to the top tax and accounting headlines.

 * Rising tax receipts spark bets on reduced U.S. Treasury sales. Min Zeng – The Wall Street Journal. A surge in tax receipts has reduced the U.S. government’s borrowing needs, fueling speculation that a reduction of sales in notes could be coming for the first time since 2010. Link 

Essential reading: FATCA hurts Americans abroad, and more

April 30, 2013

Welcome to the top tax and accounting headlines from Reuters and other sources.

 * Americans living abroad say U.S. tax laws punishing them. Margaret Collins and Richard Rubin – Bloomberg news. Complexity has increased for Americans abroad with the Foreign Account Tax Compliance Act, enacted in 2010 to combat tax evasion by US taxpayers with assets offshore. Link    

Calendar

April 29, 2013

Some important tax and accounting events in the week ahead:

Monday, April 29 – Friday, May 3

* Tax Executives Institute federal taxation course. East Lansing, Michigan.

Tuesday, April 30

* D.C. Bar Association session on the taxation of financial derivatives. 12 noon – 1:30 p.m., D.C. Bar Conference Center. Washington.

Essential reading: Republicans pursue tax reform, and more

April 29, 2013

Welcome to the top tax and accounting headlines from Reuters and other sources.

* GOP moves away from entitlements and toward tax reform in budget deal. Lori Montgomery – The Washington Post. With another fight over the national debt brewing this summer, congressional Republicans are de-emphasizing their demand for politically painful cuts to retirement programs and focusing on a more popular prize: a thorough rewrite of the U.S. tax code. Link