As a Global Company we are committed to our clients’ development and needs, we help them to go from small size company to a large size company by means of International growth.
Julio E. Bonfante, Chairman & CEO
The Future of the Housing Market
As an investment group investor and owner of a real estate company, I don't understand how the mortgage assignment program will work to save people's homes.
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Real Estate
Even as the economy picks up steam, many of the nation's shopping malls are suffering a hangover, thanks to changing consumer habits and the fallout from a massive building boom.
Press Release
Investment Opportunity
LeBonfante International Announces
SOLUTION FOR BANKING FORECLOSURES AND LIQUIDITY
LeBonfante International Investors Group Corp® will assist banks in bringing millions of dollars in currency to their depository accounts in exchange for toxic assets. The minimum investment will be $500,000, however there is no investment ceiling.
Click here for Details »
Commodities
Gold futures hit an all-time high as fears about inflation persisted and continued Mideast tension boosted the metal's allure as a refuge investment.
J. P. Morgan bank is effectively saying gold is as rock solid an investment as triple-A-rated Treasurys, adding to a movement that places gold at the top tier of asset classes.
Mortgage
Mortgage rates mostly edged higher in the latest week, with the average on 30-year fixed-rate mortgages rising slightly to 4.87%, according to Freddie Mac's weekly survey.
Latin American Corner
Mexico City,
Grupo Televisa plans to acquire a 50% stake in Mexico's mobile operator Grupo Iusacell for $1.6 billion, the latest move in a bitter battle between Mexico's two largest broadcasters and telecommunications magnate Carlos Slim.
European Corner
Bad news for the wealthy trying to keep their names and net worth's from appearing in magazines' rich lists like the Forbes 400: A German judge has ruled that there is "legitimate public interest in the assets of people who are worth more than €100 million."
Finance
Toyota and Nissan they will resume production at all factories in Japan in mid-to-late April at about half their normal pace, joining Honda in an industry wide move to restart production halted by the March 11 earthquake..
THE FUTURE OF HOUSING MARKET
As an investment group investor and owner of a real estate company, I don’t understand how the mortgage assignment program will work to save people’s homes. In this real estate negative equity environment, we must always consider that in order to have a positive result for any investment, you have to have one important ingredient, and that is called MARGIN.
In today’s real estate investment world the word "margin" is almost extinct, unless you buy distressed property with cash and hold that investment as rental income property. By taking this approach you should be able to sell high in five or more years from now, when the market is predicted to improve.
Home prices took a big hit at the end of 2010, even as the rest of the economy gained steam. National home prices fell 4.1% during the last three months of 2010, compared with 12 months earlier, according to the latest report form the S&P/Case-Shiller home price index, a closely watched indicator of market trends. They were down 1.9% compared with three months earlier.
“Despite improvements in the overall economy, housing continues to drift lower and weaker,” said David Blitzer, spokesman for S&P. And things may get a lot worse, said Robert Shiller, a Yale economist and half of the Case-Shiller team, in a web conference after his report’s release. “There’s a substantial risk of home prices falling another 15%, 20% or 25% more,” he said, and I am very much in agreement with this report.
In addition the U.S Congress is working to reduce the presence of Fannie Mae and Freddie Mac in the housing market. Should this happen, it will create a big hole in the housing industry that only can be filled with private mortgage money. The cost of mortgage borrowing will surely rise commensurately, making it more difficult for new borrowers to purchase, and in turn, creating in the secondary market even more appealing for predators. We are facing a lot of uncertainty for the future of the housing market and for the American dream, which is for now, no more than a nightmare.
I believe that the solution to this big problem is not in the hands of the people that are losing their homes, or in those of the first time buyers. The solution is in the hands of the same people that are foreclosing on them and are terrorizing them. Banks and lenders are the ones that have the money, the properties, the mortgage notes, the debt, the investments, the power, the FDIC, the government bailout and most it all, the know-how to end this crisis.
It is time that the financial institutions, FDIC and the Government get together for a serious and tough conversation and final solution to this foreclosure crisis. This is no longer a financial crisis; is very clear that is strictly a foreclosure crisis, and that it is affecting families and affecting every aspect of people’s lives. Otherwise, we are here for the long haul and the very core of our society will continue to suffer and many cases disintegrate.
Have a good profitable month!
Julio E. Bonfante
Chairman & CEO
LeBonfante International Investors Group Corp® today introduced their new Commodity Service Center Division website, a revolutionary website for companies and individuals in the commodity industry. The website is our most advanced commodity service tool for every day transactions. It creates and defines an entirely new instrument that will connect commodities buyers and sellers, intermediaries, mandates and investors in a much more effective and practical manner for your future transactions than ever before.
Tell us what you’re looking for and we will be ready for you in providing the ultimate service available, whether through our consulting services or through a joint venture partnership. We cut through the complications and separate the real players from the “hangers-on� thereby shortening the transactions cycle and making efficient use of your time. All what you need to do is go to www.lebonfante.com, click on Commodity Service Center picture and you are in.
FOR MORE INFORMATION ABOUT THIS SERVICE E-MAIL US AT: commodity@lebonfante.com
We looking forward in working with you
CSCD – Management
CHICAGO, IL— June 15, 2010 Less »
South Africa – LB International Commercial Delegation
Last week our Chairman & CEO, Mr. Julio E. Bonfante visited the Free State Province in South Africa along with LeBonfante International delegation. This commercial delegation was well received by the state officials and was able to establish the relationship with The Department of Economic Development, Tourism and Environmental Affairs (DETEA), for future developments,
After our Chairman met with Free State officials from the department of DETEA, it was concluded that LeBonfante International Investors Group Corp, is able and ready to meet the Free State expectations for future developments and investments.
One of the greatest Free State Province assets is its vision, which in and of itself is an investment. Its vision includes:
- Diversification of the Free State Economy that will ensure:
- Acceleration of the economic growth rate;
- Creation of new employment opportunities; and
- Reduction of economic inequalities
- The acknowledgement of the need to stimulate business creation and expansion through improved service delivery, export and tourism promotion and real estate development.
- Understanding the need to ensuring effective, efficient and sustainable resource management.
This profile currently indicates a need to ensure that the economy of the Free State becomes more robust by creating an environment conducive to improving prioritized sectors that are not performing well. The Free State is has offered LBIG a mandate to aid in all of these endeavors, and LBIG has accepted this incredible opportunity.
The LeBonfante International Investors Group Mandate includes promoting the growth of:
- Information and Communications Infrastructure
- Business Processing
- Pharmaceutical Industries
- Warehousing
- Transportation & Logistics
Services required to undertake this include the following:
- Economic Development
- Tourism Development and Support
- Environmental Management Directorate
Watch for more information over the next month or so as LBIG begins to undertake such endeavors in concert with the Free State government, in particular with its Minister of Economic Development, Mr. Mxolisi A. Dukwana.
ALSO VISIT OUR NEWSROOM TO WATCH VIDEOS AND PHOTOS IN SOUTH AFRICA
