Lending Focus – December 2017

Lending Focus – December 2017

Kate Bowden, Associate, reviews a trade finance decision with wider implications for lenders and agents exercising discretions and charging fees. Not what it seems? Enforceability of an 'all monies' guarantee. Senior Associate Andrew Seager on the latest guarantee case and the 'purview' principle.
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Disney buying Fox film and TV units for $52 billion in digital push amid Netflix, Amazon surge

NEW YORK/LOS ANGELES/LONDON – Walt Disney Co has struck a deal to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc. for $52.4 billion in stock, giving the world's largest entertainment company an arsenal of shows and movies to combat
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Disney buying Fox film, TV units for US$52bil in digital push

NEW YORK: Walt Disney Co has struck a deal to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc for $52.4 billion (£39 billion) in stock, giving the world's largest entertainment company an arsenal of shows and movies to combat growing digital rivals
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Akelius picks up Park Slope rental buildings for $35M

The U.S. arm of the Swedish real estate giant Akelius bought two contiguous buildings with 34 units at 181 and 182 Prospect Park West for $14.7 million, and it purchased seven contiguous buildings with 44 units at 409-421 14th Street for $20.75 million, according to sources familiar with the deal.
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What Disney's Deal With Fox Means for Star Wars and Marvel

Walt Disney made its huge acquisition of most of 21st Century Fox official on Thursday (aka the biggest news of the week that had nothing to do with the release of Star Wars: The Last Jedi). Assuming the deal wins the necessary regulatory approvals, it would reshape the media and entertainment
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Disney Buying Fox Film, TV Units For 52 Billion Dollar In Digital Push

Walt Disney Co has struck a deal to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc for $52.4 billion in stock, giving the world's largest entertainment company an arsenal of shows and movies to combat growing digital rivals Netflix Inc and
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Theresa May, Net Neutrality, Russia: Your Friday Briefing

American and European regulators, investors and banks are growing increasingly wary of HNA, the indebted Chinese conglomerate that has been on an international buying spree. • Lamborghini's new S.U.V., said to be the fastest such car ever built, is the latest arrival to the automotive world's rustic
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Australian Securities & Investment Commission Publishes Report on Marketplace Lending, Shows …

The Australian government and regulatory officials are keenly engaged in fostering the growth of Fintech. Marketplace lending, one of the largest sectors of Fintech, has provided a much needed new source of credit in many countries around the world. Earlier today, the Australian Securities and
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Disney buying Fox film, TV units for $52bn in digital push

Walt Disney has struck a deal to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox for $52.4 billion in stock, giving the world's largest entertainment company an arsenal of shows and movies to combat growing digital rivals Netflix and Amazon.com.
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Eight investments where you could have made a fortune

If only Melanie Pedersen had not had to pay rent while she was living in Sydney four years ago, she might have quite a different life now. While working as a public relations freelancer in 2013, the Bay of Plenty woman contracted to a Bitcoin exchange in Sydney. They offered her a choice: Six Bitcoin or
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Lance Culp Named Branch Manager of Castle & Cooke's New North Indianapolis Branch

Castle & Cooke Mortgage LLC has expanded its footprint in Indiana, with the opening Castle & Cooke Mortgage LLC has expanded its footprint in Indiana, with the opening of its North Indianapolis branch, to be led by area local and Branch Manager Lance Culp, who has 15 years of experience in
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UWM Lowers BPMI Premiums

United Wholesale Mortgage (UWM) has announced that it has lowered its Borrower Paid Mortgage Insurance (BPMI) premiums to offer clients an even … Coupled with its low lender-paid mortgage insurance, UWM has packaged them together as Elite M.I. The better pricing is available for 640+ FICO
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Banking on people's welfare is the key

As per Section 22 of the Banking Regulation Act, 1949, banks, while doing business, have to serve public interest and they should not do anything which is detrimental to the present and future depositors' interest. Serving public interest while doing business is a tough balancing act, which the banking
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Fears at 'painfully slow' pace of falling mortgage arrears

The reduction in mortgage arrears is “painfully slow”, almost 10 years after the financial crash, the Free Legal Advice Centres (Flac) has warned. … small fall of 1,217 to almost 72,490 in borrowers who face some sort of arrears in paying their mortgages at the end of September from the previous quarter.
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Marine veteran and family get mortgage-free home in Kansas thanks to nonprofit Operation …

EUDORA, Kan. — A national nonprofit has awarded a Pennsylvania veteran and his family with a newly renovated, mortgage-free home in Kansas. U.S. Marine Cpl. Robert Hamilton III, his wife Elizabeth and their son Sawyer got their dream home — and a new car — on Thursday thanks to Operation
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Don't Take Out a Second Mortgage to Buy Bitcoin

“Most of them are taking out second mortgage lines of credit, which means they operate like credit cards,” he said. Homeowners can borrow up to around 80 percent of their mortgage, depending on the value of the home and their credit score, paying back that loan at an average interest rate of about 5
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ECB changes collateral rules for unsecured bank bonds

The European Central Bank has changed its collateral rules for certain bank bonds, in a move that reflects the risks facing holders of financial debt in a post-crisis regulatory era. The ECB requires borrowers to post collateral – ranging from government bonds to asset-backed securities – when it lends to
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DDR spinning off non-core malls

The new vehicle is to be named Retail Value Trust, and it will contain 38 U.S. assets and all 12 of DDR's Puerto Rico assets. The plan would be for RVT to liquidate its portfolio over a two-three year time period. RVT will be capitalized with $1.35B in mortgage financing, with DDR using the proceeds to
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Vice President of Perl Mortgage David Hochberg: Refinancing Your Home & Things You Shouldn't …

David Hochberg, Vice President of Perl Mortgage, joins Bill and Andrea Darlas to give some tips on refinancing to listeners. They also talk about the one thing you shouldn't do when securing a loan, setting financial goals for next year, and much more. Audio Player.
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California housing crisis affecting middle class the most: It's 'a broken system'

“The biggest tragedy of California is we have stopped building houses for the middle class,” said Borre Winkle with the Building Industry Association of San Diego. “Think of California's housing market as a martini class. We're building some affordable housing at the low end. Absolutely nothing in the
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