Comptroller Discusses Marketplace Lending

Comptroller Discusses Marketplace Lending

WASHINGTON—Comptroller of the Currency Thomas J. Curry today discussed marketplace lending's risks and associated policy questions.
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Wells Fargo to eliminate product sales goals for retail bankers

Wells Fargo, the largest U.S. bank by market capitalization, said on Tuesday it would eliminate all product sales goals in retail banking, starting next
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Foreclosure inventory, completed foreclosures down again in July

As of this past July, the national foreclosure inventory included approximately 355,000, or 0.9%, of all homes with a mortgage versus 501,000 homes,
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Regions Agrees to $52.4M Settlement with HUD

As part of the settlement, Regions acknowledged it certified certain mortgages for FHA insurance that did not meet Department of Housing and Urban
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Facebook Live with Kathy Tomlinson: Vancouver's volatile real estate market

Tomlinson's latest story revealed how loopholes and lax oversight are making it easy for a network of local and foreign speculators to play the system,
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Cambridge Trust expands into new type of lending

Cambridge Trust is starting an asset-based lending unit with two hires from a Needham retail finance company, including one who started a similar
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Tucson Housing Market Rebounds After Weak July

Tucson home sales looked strong in August after a slump in July, according to data from the Tucson Association of Realtors. More than 1,400 homes
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How Will the Election Impact Housing?

Rising demand and inadequate inventories are driving up rents and home prices simultaneously, leaving consumers with few choices for affordable
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Equitas Small Finance Bank to prepay Rs 3000 crore debt to reduce fund cost

It has raised Rs 4,000 crore by selling commercial papers and bonds over the last few weeks in the run up to becoming a bank. It raised loans from
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Brokers Update Target Prices On Chemung Financial Corp (NASDAQ:CHMG)

Stock market analysts and brokers have recently amended their target … commercial, commercial real estate and residential mortgage loans, mainly in
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Canadian banks likely to be leery of legal marijuana sellers 'until the dust has settled'

Canadian banks likely to be leery of legal marijuana sellers 'until the dust has settled'

Even as Canada heads toward the legalization of selling recreational marijuana, pot-related businesses are being shunned by some banks that are
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Greenwich Real Estate Among Most Expensive in Nation: Report

Property taxes in Westchester are triple to those in Greenwich, which helped boost the … Get free real-time news alerts from the Greenwich Patch.
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Interracial couple outraged over whites-only deed to house

The title company said that the clause had remained in the title because it included other specifications not related to civil rights but pointed out that
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Zais Financial Corp.: ZAIS Financial Corp. And Sutherland Asset Management Corp. Announce …

(NYSE: ZFC) ('ZFC' or the 'Company') and Sutherland Asset Management Corporation, a privately held commercial mortgage REIT ('SAM'), today
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Title issues can complicate real estate transactions

Real estate, like automobiles, is titled to convey ownership. The title defines who has legal rights to a property and it must be transferred when the
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FEMA's Flood Maps Protect Banks and Mortgages; People, Not So Much

We can't build any more houses — we can't give them mortgages if there is no coverage,' ” says Jacob. In 1968, the federal government created the
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Metro Detroit real estate firm buys southern Kent County strip mall

Bingham Farms-based real estate investment and development firm Alrig USA LLC acquired The Crossings strip shopping center at 6333 Kalamazoo
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30-Year Fixed Mortgage Rates Rise Slightly Current Rate is 3.31, According to Zillow Mortgage …

SEATTLE, Sept. 13, 2016 — The 30-year fixed mortgage rate on Zillow® Mortgages is currently 3.31 percent, up 2 basis points from this time last week.
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Tax department to investigate real estate speculators

The minister responsible for tax revenues has asked for an investigation into real estate speculators following reports of possible tax evasion and fraud
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New American Funding Appoints Frank Fuentes as National Vice President of Multicultural Lending

Fuentes helps lead the company's Latino Focus Committee, to help improve lending experiences for Hispanic consumers, and will work on a national
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Mortgage Underwriter

Mortgage Underwriter

Aerotek is actively hiring a Mortgage Underwriter for a homebuilder in Phoenix, AZ! Mortgage Underwriter Job Description. * DHIM Underwriters will
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MobiKwik to enter micro-lending; aims to bring the unbanked on board

Mobile-wallet company MobiKwik is eyeing a gross merchandise value (GMV) of $1 billion this fiscal year as it goes about wooing new users,
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Lending Club enlists Wall Street veteran as new CFO

Thomas Casey is joining Lending Club as chief financial officer, effective September 19th. Casey most recently served a stint at Acelity as executive
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UK Prudential Regulation Authority proposes amendments to risk-weight calculations for …

The proposals do not represent a blanket change in capital requirements for residential mortgages, rather they are intended to reduce variability in
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Crystal ball: Brokers and A.I.s will inherit the mortgage sector's future

In a piece for the 40th anniversary celebration of the U.S.-based National Mortgage News, originations editor Brad Finkelstein offered his fearless
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Case study: Mortgage mitigation can help couple prepare for retirement

“Their present payments of $1,645 a month for their 25-year mortgage with a present interest rate of 2.94 per cent will cost them about $116,000 in
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E-Lending and The Digital Economy Bill in the UK

The Authors' Licensing & Collecting Society (ALCS) and The Society of Authors (SoA) in the UK are calling for the Digital Economy Bill to be amended
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Freddie Mac Prices $167 Million Multifamily K-Deal, K-J07

View complete news release for Freddie+Mac+Prices+%24167+Million+Multifamily+K-Deal%2C+K-J07 – OTCMarkets.com.
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Inside Airbnb's Plan to Partner With the Real Estate Industry

While some real estate developers could in theory set aside a few units solely for short-term renting, if their local laws allow it, Airbnb says that at least
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Regions Bank to Pay $52 Million to Settle Mortgage Loan Case

The U.S. Department of Justice said Tuesday that the Birmingham-based bank was accused of handling mortgage loans insured by the Federal
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Ask Eli: Loan Programs for Virginians

Ask Eli: Loan Programs for Virginians

As usual, when I get financing questions, I like to turn to one of Northern Virginia's top lenders, Troy Toureau of McLean Mortgage, to provide a
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Portugal's banking sector still a risk for rating after CGD agreement: Moo…

“The banking sector will pose a risk to the sovereign as long as it is weakly capitalised,” Moody's said in a list of frequently asked questions which
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Got Home Equity? Point Raises $8.4 Million To Grow Mortgage Loan Alternative

You could get a home equity loan or a home equity line of credit. … The reverse mortgage industry has largely been cleaned up in recent years, but its
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Head of Operations – Mortgages

View details & apply online for this Head of Operations – Mortgages vacancy on reed.co.uk, the UK's #1 job site.
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US bank overseer plans report on marketplace lending this fall

In weighing such matters, he said officials are studying issues including whether marketplace lending or other innovations such as digital currencies
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Companies Reach 5—-Week Highs

The company recently reported that diluted earnings per share for the … Fidelity is a title insurance company through its title insurance underwriters
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Southwest Florida real estate news

Suffolk VP to speak at health care symposium. Suffolk Construction's Vice President of Operations Mike Forth will speak at the 2016 Healthcare
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Regions Bank pays $52.4 million to resolve mortgage allegations

WASHINGTON • Regions Bank has agreed to pay $52.4 million to the U.S. government to resolve allegations that some of its mortgage loans did not
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QuickLiquidity Closes $1.75 Million Real Estate Partnership Recapitalization

13, 2016 /PRNewswire/ — QuickLiquidity today announced that it completed a $1.75 million preferred equity investment in a real estate partnership
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Refinance rates for Tuesday, September 13

While rates on mortgage refinances change daily, overall, they are currently near historical lows. Be sure to shop around for the best refinance rates.
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Northeast Tennessee housing market up slightly in August

Northeast Tennessee housing market up slightly in August

Northeast Tennessee's housing market picked up the pace slightly in August compared to July's closings slump. There were six more single-family
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Real Estate Processor Assistant

Other administrative duties as required by the Real Estate Fulfillment Manager – Mortgage experience highly desired – Comfortable working on the
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Kremlin: Russia cenbank chief to brief Putin on banking sector on Tuesday

MOSCOW, Sept 13 (Reuters) – Russian Central Bank Governor Elvira Nabiullina will brief President Vladimir Putin on Tuesday on how things stand in
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Zuma says he is talking to Mosebenzi Zwane, after furore over banking inquiry

In the statement, Zwane falsely said that the Cabinet had approved the establishment of a judicial commission of inquiry, into the conduct of banks that
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UK house prices: pace of growth slows but property prices are still rising post-Brexit

Property experts are predicting the housing market to cool, but not crash, as new figures show average house prices across the UK have risen by
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Cooling Vancouver home sales cramp average price, but BC market still strong

VANCOUVER — The British Columbia Real Estate Association says home sales in Vancouver have slowed but the overall housing market across the
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CoreLogic: Foreclosure inventory plummets in July

Foreclosure inventory and completed foreclosures decreased significantly in July from last year, according to the July 2016 National Foreclosure
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Deal Sikes & Associates: Houston Real Estate Valuations Soften as Oil Price Decline Weakens …

HOUSTON–(BUSINESS WIRE)–Houston's recent progressive trend of rapidly increasing property values is moderating as the region's economy has
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India to get tax, banking related info from Seychelles

The agreement will enable the authorities of both nations to provide assistance through exchange of tax and banking information, which may be used
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A CEO reveals 3 mistakes that could ruin your chances in a job interview

More than a decade after that first house, the brothers caution beginning investors not to look at real estate investment as a get-rich-quick plan.
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Basel rejects banking industry accusations of being too zealous

Basel rejects banking industry accusations of being too zealous

Basel rejects banking industry accusations of being too zealous … from the banking industry and European governments to rein in the reforms it is now
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CRA told to investigate BC real estate speculators

(NEWS 1130) – The Federal Revenue Minister Diane Lebouthillier has asked the Canada Revenue Agency to look into the actions of real estate
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Wells Fargo is eliminating certain sales goals after settlement over aggressive tactics

Wells Fargo & Co. said Tuesday it would eliminate all sales goals for credit cards, checking accounts and other retail banking products as the financial
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Angelo Zakis Joins First Guaranty Mortgage as Correspondent

First Guaranty Mortgage Corporation (FGMC) has announced that mortgage industry sales veteran Angelo Zakis has joined the company as regional
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Property Market Cools But Won't Crash, Claim Experts

The latest UK House Price Index from the Land Registry/Office for National Statistics (ONS) shows that the property market has cooled over recent
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Habito launches artificial intelligence digital mortgage adviser

Meet Habito, the world's first AI digital mortgage adviser. CEO Daniel Hegarty says he wants to offer “a free online real-time advice service” for
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More people expected to enjoy banking access with new rule

A new Bank Indonesia (BI) rule allows more banks and individuals to take part in its digital financial services program, popularly known as branchless
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HANSAINVEST creates new US residential real estate special fund with Bell Partners

13, 2016 /PRNewswire/ — HANSAINVEST Hanseatische Investment-GmbH is creating a new real estate special fund designed to invest in residential
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Santander and Engine enlist drone power for new corporate banking campaign

Santander is claiming it offers a “Fresh Perspective on corporate banking” in a new campaign from Engine. Using a fresh photographic perspective on
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Shows Housing Market Moving Deeper into Buy Territory

The latest national index produced by FAU and FIU faculty indicates the U.S. housing market as a whole is moving marginally deeper into buy territory.
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ING Direct to focus on quicker mortgage processing times—chief executive

ING Direct to focus on quicker mortgage processing times—chief executive

The chief executive of Australian bank ING Direct said the firm aims to cut mortgage processing times by one third through its Lendfast project,
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BRIEF-Regions Financial reaches settlement resolving FHA-insured mortgage …

NEW YORK, Sept 13 Ray Dalio of Bridgewater Associates, one of the world's largest and most closely-watched hedge fund investors, said Tuesday
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Cooling Vancouver home sales cramp average price

Home sales in Greater Vancouver took a sharp drop in August, as expected, one month after the introduction of the 15-per-cent foreign homebuyers
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Average UK house prices up 8.3% year on year, official index data shows

Average house prices in the UK increased by 8.3% in the year to July 2016, down from 9.7% in June 2016, continuing the strong growth seen since
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Loans

Our mortgages are not tied to maintaining investments with us. If you would like to learn more about our loans, please the Private Bank team: Tel: +44
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GSE Land: Lamberth Guides Pratt, Cacheris, Robinson And Now Sleet

At the end of the day Fannie Mae and Freddie Mac make tens of billions of dollars per year and the government has been negotiating with itself to take
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Title Insurance Specialist

Wedgewood is currently seeking a full-time Title Insurance Specialist to join our team! Our company specializes in the purchase, rehab, and resale of
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ING Bank datacentre fire suppression system test knocks banking services offline

ING Bank has apologised to customers in Romania after a fire suppression system test knocked out its datacentre for 10 hours, leaving them unable to
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Economy still relies on housing market

Positive signs have emerged concerning China's economic growth in the first eight months of the year thanks to the robust growth in the housing
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Current Mortgage Rates for Tuesday, September 13, 2016

Current Mortgage Rates for Tuesday, September 13, 2016 … There's some economic data out today, but first, your daily mortgage rate forecast/advice.
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Marshall Realty Blog Post 9-14-16 The Housing Market is Doing Just Fine!

Marshall Realty Blog Post 9-14-16 The Housing Market is Doing Just Fine!

There are some that think that housing affordability is a challenge and others that think home prices are approaching bubble values. When we look at
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Mortgage Rates Today, Tuesday, Sept. 13: Lower on Fed Comments

Thirty-year and 15-year fixed mortgage rates, as well as 5/1 ARM rates, are all lower Tuesday, according to a NerdWallet survey of mortgage rates
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Figures show fall in mortgage arrears – but more than 82000 are still in the red

This represents a drop of 4.5% compared with the first quarter of 2016 and it accounts for 11% of all mortgages on principal homes in Ireland.
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Mortgage 101: Be aware, but don't overreact to recent rising rates

Mortgage rates are affected by the 10-Year Treasury Note. The higher the yield on the 10-year note, the higher mortgage rates will be. Leading up to
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We just got some data on auto lending, and it's setting off alarm bells

Now, to be clear, JPMorgan decided back in 2013 to pretty much pull out of auto lending to subprime borrowers — that is car buyers with the worst
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Vancouver housing market set to enter a correction with prices falling at least 10%: National Bank

Vancouver's housing market may enter a correction with price declines of at least 10 per cent, according to Stefane Marion, Montreal-based chief
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Westpac backs fintech start-up as 'serious' home lending player

Westpac has invested in online mortgage finance company uno, betting the financial technology start-up could grow into a “serious player” in the $1.5
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Foreclosure Inventory at Lowest Level in Nine Years

The national foreclosure inventory in July included roughly 355,000 homes, or 0.9% of all homes with a mortgage, down from 501,000, or 1.3%, in July
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Four inconvenient truths about Fannie and Freddie

There were enablers, like the government-sponsored enterprises Fannie Mae and Freddie Mac. It seems like a long time ago, but I once worked for
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August was hot for DC housing

WASHINGTON — If the D.C. region's housing market has slowed, … of new properties coming on the market in August fell 11.6 percent from July.
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Home sales in the DC area haven't been this high since 2006

Home sales in the DC area haven't been this high since 2006

Presidential elections typically cause a lull in the Washington area housing market in the late summer and early fall as buyers wait for clarity around
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Momentum to switch mortgage in six month lull

Borrowers coming to the end of a two-year fixed rate mortgage will have less incentive to switch to a new deal when their standard variable rate kick in,
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Study shows more unpaid mortgages outside Aussie cities

Recently released research revealed that there is a higher rate of unpaid home mortgages in regional Australia compared to the cities. A Standard and
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Regions Financial Reaches Settlement Resolving FHA-Insured Mortgage Matters

BIRMINGHAM, Ala.–(BUSINESS WIRE)–Regions Financial Corporation (NYSE:RF) today announced that is has reached a settlement with the United
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Real estate broker shot dead in Rajkot

Real estate broker shot dead in Rajkot. In her complaint filed with Gandhigram police, Nathwani's wife Jyotsna named Satish Ahir and Pintu Darbar as
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York housing market sees 40 percent growth in August

York County's home sales have shown year-over-year growth for 21 … To date, York County's median home sale price, at $159,900, is still up 6
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Senior Mortgage Executive Bob Boehnlein Joins South Pacific Financial Corporation

A 24-year veteran of the mortgage industry, Boehnlein brings considerable experience in both sales and the operational side of the business.
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Washington's chance to encourage responsible marketplace lending

As policymakers, lawmakers and industry representatives gather in Washington this week for the first ever Marketplace Lending Summit, the future of
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more 2 life ups staff count by 53%

As a result, we can continue to build our business, grow the lifetime mortgages sector, and add value to the professional advice process.” The new
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BC Libs' Foreign Buyers Tax Fails to Cool Sky-High Housing Prices

Bill Tieleman is a former NDP strategist whose clients include unions and businesses in the resource and public sector. Tieleman is a regular Tyee
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Last-minute decisions before the baby arrives: Cord blood banking, SIDS monitors and circumcision

Last-minute decisions before the baby arrives: Cord blood banking, SIDS monitors and circumcision

Why bank your child's cord blood? According to the American Academy of Pediatrics (AAP), “umbilical cord blood has been used successfully to treat
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Schroder Real Estate Hires John Chantrell to Run Asia Business

Schroder Real Estate has appointed John Chantrell to the newly-created role of Head of Asian Real Estate as the UK-based asset manager ramps up
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MeasureOne – Higher Education and Student Loan Analytics Firm – Provides Improved Insights into …

The investment will allow MeasureOne to expand its rich data repository and analytics capabilities to help higher education institutions and lenders
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Opus Bank Further Expands Healthcare Banking Team

Ms. Solanki, a 26-year banking veteran, is responsible for providing senior debt financing and banking solutions to hospitals, skilled nursing facilities,
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Buy-to-Let Lending Up by Almost 40% Over the Past Year

Buy-to-let lending has risen by almost 40% over the past year, defying new Government measures to curb investment in the private rental sector.
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Chinese Investors Show Strong Appetite to Invest in the U.S. Real Estate Market; Looking Beyond …

NEW YORK, Sept. 13, 2016 /PRNewswire/ — The U.S. real estate market has become a favorite destination for Chinese outbound capital in recent
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Kenya Central Bank Sets Rate for Loan Charges, Sees More Reforms

Kenya's central bank told commercial lenders to peg their loan rates to the Central Bank Rate and flagged more reforms are on the way to improve the
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The changing landscape of SME lending

The lending landscape is changing, and fast, with two new government initiatives announced this year alone, aimed at creating easier access to
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Report: Park Forest 3rd Most Affordable Housing Market in US

In the market for a new home? Park Forest, Illinois, may be the place to go. According to a report released last week by real estate company Coldwell
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Regions Bank to pay $52.4 million to resolve mortgage allegations

N), has agreed to pay $52.4 million to the U.S. government to resolve allegations it made mortgage loans that did not meet federal requirements, the
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