Newly introduced anti-graft law causes confusion among bankers

Newly introduced anti-graft law causes confusion among bankers

While some suggest that the employees and executives of commercial banks are subjected to the Improper Solicitation and Graft Act (also known as
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Central Bank yet to see first-time buyer proposals

Sharon Donnery noted that last year the Central Bank did review a plan by the minister to introduce a mortgage insurance scheme that would have
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Texas may have a record for hail, flooding losses

Mortgage giant Freddie Mac says the average 30-year fixed-rate mortgage dropped to 3.42 percent from 3.48 percent. The 15-year fixed-rate
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Orrico: Canadian Banks are in Good Shape

Dean Orrico, President & CIO of Middlefield Group joins Bloomberg TV Canada's Pamela Ritchie to discuss why the Canadian banks will remain
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Banks face multi-billion pound fines over mortgage misselling

Barclays, Deutsche Bank and Credit Suisse are expected to be hit with multi-billion pound fines for misselling mortgage-backed securities in the
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Median-priced housing out of reach for most

Arnold added that millennials would need the help of a partner or a family member to afford mortgage costs. But even couples are having a hard time
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People the property market is screwing over

In Hobart, RateCity calculated a single homeowner would need a salary of $59,441 to afford mortgage repayments. In Adelaide a salary of at least
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US stocks tumble on worries about Deutsche Bank

US shares of Deutsche Bank sank 6.7 per cent following a report that about 10 hedge funds withdrew some funds from the German bank due to
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Fitch Affirms Great River Energy, MN First Mortgage Bonds at 'A-'; Outlook Stable

–$1.48 billion first mortgage bonds, series 2007A, 2008A and 2010D;. –$73 million McLean County, ND solid waste facilities revenue bonds (Great
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Chancellor confirms Help to Buy: Mortgage Guarantee scheme closure

Through an exchange of letters with Mark Carney, governor of the Bank of England, the Chancellor said: “There are now over 30 lenders offering
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Reis, Inc. Expands Sales Comparables Coverage to Commercial Transactions in All U.S. Markets

29, 2016 (GLOBE NEWSWIRE) — Reis, Inc. (NASDAQ:REIS) (“Reis” or the “Company”), a leading provider of commercial real estate market
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ADB to raise lending to Bangladesh

The Asian Development Bank plans to increase its lending to Bangladesh in the next five years by 60 percent from its previous plan of $8 billion,
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IMF warns of new imbalances in commercial property sector

It said such a scenario could lead to a sharp drop in commercial property values, leaving lenders facing “another hit from a collapse in collateral
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Mole: Release your inhibitions

Mole hardly needs to tell Mortgage Strategy readers that the potential impact of Brexit on the mortgage market has led to endless debate and
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Rachel Smalley: London's Sadiq Khan shows way on foreign house buyers

Here's a situation, what would you do? You're a mayor, and house prices are spiralling out of control and everyone has a theory on why that is and
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Ujjivan Financial Services to reduce borrowing costs by 0.75% from 1 October

Bharat Financial Inclusion Ltd (formerly SKS Microfinance Ltd.) is the only microfinance company in the world with a sub-20% lending rate at 19.75%.
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Bankers lay out their worries and peeves in national survey

“One Missouri banker expressed an interest in entering the small-dollar lending space, but noted it remains unprofitable under current regulations and
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Easy Credit & Bad Debt

The interest rate seldom rises high enough to bring the number of potential borrowers in line with the number of willing lenders, as is typical for goods
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Carving out new interest in Baltimore's Butchers Hill

Leann Silhan and Chad Stockton weren't even looking for a new house …. new empty properties, the housing market has since recovered fairly well.
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Lake Michigan Credit Union promotes Ed Napieralski to mortgage loan originator for Lakeshore …

LMCU's Vice President of Mortgage Sales – Lakeshore, Lisa DeLass is pleased to see Napieralski's promotion. “We're very excited to welcome Ed to
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PennyMac Mortgage Investment Trust (PMT) Shares are Up 2.03%

PennyMac Mortgage Investment Trust (PMT) Shares are Up 2.03%

PennyMac Mortgage Investment Trust (PMT) : Traders are bullish on PennyMac Mortgage Investment Trust (PMT) as it has outperformed the S&P 500
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Asian Shares Rise as Deutsche Bank Concerns Ease

Asian shares on Monday tracked gains in U.S. markets, after Deutsche Bank seemed to catch a break from the U.S. Department of Justice. Australia's
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CoreLogic says house prices rose in September

Home prices rose overall in September as record-low mortgage rates kept demand strong in Melbourne and Sydney, though the performance of other
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Equity is On Tap, and Homeowners are Cashing Out

Many of them are cashing out their equity through refinancing, according to Black Knight Financial Services' August 2016 Mortgage Monitor released
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The Central Bank's mortgage rules were keeping a lid on Dublin's house prices….not any more

THE LATEST HOUSE price report from Daft.ie shows that prices rose over the summer in every single one of the 54 areas monitored. An analysis by
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Is downtown Detroit housing market overheating yet?

So many new housing developments are coming to greater downtown Detroit that it's easy to lose track. Last week alone, four fresh projects with
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House prices up more than 7% as supply constraints hit

Two new reports on the Irish housing market paint a picture of a sector under strain due to a lack of supply, with asking prices rising and a pressing
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Elizabeth Warren Trains Her Sights on Student-Debt Collectors

The lawsuit was brought by lawyers at the Project on Predatory Student Lending at Harvard Law School. The Federal Trade Commission and the
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What should I know about buyer's agents?

A buyer's agent or buyer's broker is a licensed real estate broker who specializes in the representation of a buyer looking to purchase real estate.
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Banking and Money

Currency The Australian currency (AUD) is Australian dollars and cents. 100 cents equals one dollar. Notes come in $100, $50, $20, $10 and $5
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US Bank to pay $13.5 million to settle city lawsuit over foreclosed homes

The Los Angeles City Attorney's Office announced Thursday a lawsuit settlement with U.S. Bank over allegations the banking giant neglected its
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Banks can't publish defaulters' photo randomly, says RBI

Mumbai : The Reserve Bank of India (RBI) on Thursday said lenders can publish photographs of only those borrowers in newspapers who have been
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Councillors visit Geingob's proposed township

The company wants to benefit from the housing market boom by building 400 apartments, 24 villas, two mansions and a hotel in the upmarket area
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10 get five years RI in bank fraud case

BENGALURU: A CBI Special Court on Thursday convicted 10 accused, including bank officials and authorities of an educational institute, in a bank
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WORLD ECONOMY FEARS: US stock markets SLUMP after Deutsche Bank hits all-time low

FEARS over whether the world economy will be hit by another financial crash grew after US stock markets slumped after Deutsche Bank share prices
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Colorado home appraisals cost hundreds more than suggested fee

Appraisal management companies suggest an appraisal fee of $625. But in one of the hottest real estate markets in the country, appraisers, in high
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California housing policies drive up poverty

As the Golden State struggles to jump-start its economic growth, especially … Real estate may never be cheap in coastal California, but we needn't
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Kohl's Corp. (KSS) Stock Rating Reaffirmed by Bank of America Corp.

Kohl's Corp. (NYSE:KSS)'s stock had its “buy” rating reaffirmed by stock analysts at Bank of America Corp. in a research report issued to clients and
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Partnership launched to unlock billions in energy savings

To kick off its efforts, the partnership has established an advisory group of representatives from some of the largest companies with national real estate
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London corporate bankers to have phone calls recorded

Bankers working in corporate finance and oil and energy markets are to have their telephone calls recorded under stricter rules set out by Britain's
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MobiKwik set to enter the lending space this month

MobiKwik set to enter the lending space this month

Upasana Taku. MobiKwik, one of the leading mobile wallet companies in the country, will enter the lending space this month, becoming the first
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ADB Signs Risk-Transfer Deal That Lifts Its Lending Capacity

The Manila-based lender said Monday that the pilot guarantee arrangement with SIDA, which has triple-A credit rating, will increase ADB's lending
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Local realtors say it's a great year for real estate

KPVI News that Works for You reporter Deanne Coffin met up with one realtor who says there are fewer homes on the market but interest rates are
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General Manager, Banking Centre

CIBC is a leading Canadian-based global financial institution. Through our three major businesses – Retail and Business Banking, Wealth
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Developing Agriculture Value Chain For Economic Growth

The CBN had established the Nigeria Incentive-based Risk Sharing System for Agricultural Lending (NIRSAL) in 2010, following an agreement with
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Discounted SVR Mortgages

Our Discounted SVR mortgage deals have their interest rate set at a specified 'discount' level below our Standard Variable Rate.
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E-sellers get a lending hand to stock up goods

This has led to an increase in appetite for working capital, which is being catered to by alternative lending startups like Lendingkart, Capital Float, Indifi
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ET Awards for Corporate Excellence: KV Kamath honoured with Lifetime Achievement award

He created India's largest bank in the private sector by assets, took banking technology to the people and created a retail finance market from scratch.
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Job cuts mount as Asian investment banking fees slide

HONG KONG, Oct 3 (IFR) – The future of Asian investment banking is again under scrutiny as global banks scale back their operations in the region.
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Best Investments in the Northeast. Quick Hits: These are not high-growth markets, the opportunity is for long-term growth at low risk . Rentals near
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Home Depot Finds Shelter From Digital Storm Battering Retailers

Rising home prices, which are near their pre-housing-bust peaks, mean more homeowners are feeling flush. So they're more willing to splurge on big
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Mortgage Loan Processor- $10/Hour

Established Mortgage Company – Hiring for Mortgage Loan Processor. $10/Hour Location: Henderson, NV Hours are Monday-Friday 8/9 am to 5 pm.
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Bank of America dealmakers Saxena, Mukherjee said to depart

[HONG KONG] Bank of America Corp's head of Asia Pacific telecom and media investment banking, Gautam Saxena, and managing director Saikat
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THE BUZZ: Ribbon cutting for JC Health & Fitness

Sprong joins Centrue with a decade of local lending experience and is active in the … Sprong also is trained and experienced in USDA lending.
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'What if Englewood became the new Hyde Park?' A battered neighborhood dreams.

And so hours after their visit to Whole Foods, Jasper Taylor continued the “what if?” conversation by forwarding his wife Englewood real estate listings.
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Planned global banking rules not balanced, need changes: EU's Dombrovskis

A planned reform of global banking rules being discussed by the United States, Europe, Japan and other major economies risks negatively affecting
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Lawmakers grill Wells Fargo CEO: 'Why shouldn't you be in jail?'

“I am fully accountable for all unethical sales practices in our retail banking … He wore a black brace on his right hand, which the bank has said he
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New apartment/condo construction could help rental rates in Kelowna

Pardy, a senior market analyst with CMHC, spoke to a packed room of developers and home builders at a luncheon hosted by the Urban Development
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NZ residential building consents fall for a second month

Record net migration is putting pressure on the nation's housing market where a shortage of supply is pushing up prices in Auckland, the country's
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Fitch Affirms Banco Agropecuario's IDR at 'BBB+'; Outlook Stable

This growth has been accompanied by a strategic transformation from wholesale lending to provision of direct working capital financing, equipment
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Cisneros checks out of Aspen Four Seasons project

Cisneros checks out of Aspen Four Seasons project

Miami-based Cisneros Real Estate withdrew its proposed annexation of land into the City of Aspen for the development of a Four Seasons hotel.
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With Raghuram Rajan gone, idea of 'bad bank' is back on policy table

THE CHANGE of guard at the helm of India's central bank could prompt a rekindling of a proposal for setting up a “bad bank” to absorb toxic assets
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BRIEF-Prosperity Real Estate Investment Trust updates on acquisition

BRIEF-Prosperity Real Estate Investment Trust updates on acquisition. Oct 3 Prosperity Real Estate Investment Trust -. * Received letter from
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BRIEF-Perennial Real Estate Holdings says unit secured loans totaling RMB6…

… * Project is expected to have a positive impact and will contribute to earnings of prehl group in future. Source text for Eikon: Further company
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'Recession is opportunity to invest in real estate'

A real estate professional, AdetunjiAdediran, has advised investors to see the current economic recession to invest in real estate. Adediran, who is the
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First-time buyers need no Budget help – economist

“Clearly there are few constraints from the mortgage market with €1.8bn of approvals in the three months to August.” Irish Independent. Follow @
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The housing crisis and the ongoing impact of austerity dominated requests for free legal advice last …

One quarter of all debt-related calls were in relation to mortgage arrears, while a fifth were about problems with personal loans. FLAC chief executive
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Credit unions leverage service model for growth

Watermark Brewing Co., which opened this past summer in Stevensville, wanted to borrow from a local lender and chose Honor Credit Union, which
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New York Mortgage Trust (NYMT) Shares are Down -0.33%

New York Mortgage Trust (NASDAQ:NYMT): After opening at $6.03, the stock dipped to an intraday low of $6.01 on Friday. However, the bulls stepped
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Singapore Home Prices Have Biggest Drop in More Than Seven Years

Singapore home prices had their steepest drop in more than seven years as the government holds steadfast on property cooling measures that it
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How Trump could avoid taxes for 18 years

WASHINGTON — Donald Trump may have President Reagan and Congress to thank for shielding real estate from the crackdown on tax shelters 30
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Vandalised houses, holiday homes rejected by councils

Nama offered local authorities vandalised houses, holiday homes and other highly unsuitable properties in response to a Government request to
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Shorten defiant on banks royal commission

Opposition Leader Bill Shorten is not giving up on holding a banking royal commission, as the first head of the big four prepares to be grilled in
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Bharat Financial Inclusion gets 'Buy' rating; UBS explains why

However, we expect GNPLs to stay at <1% as BHAF has been disciplined on its lending practices –(i) loans are given only to women in Joint Lending
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Now we're flogging off the land registry. This is not good news for home owners

The land registry is crucial to the protection of people's most precious possession. Its privatisation could make expensive title insurance a necessity.
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Let's build on the green belt to tackle Britain's housing crisis says Sajid Javid as Communities …

A housing White Paper including details of the proposals could be …. We've made great progress fixing the broken housing market we inherited from
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New LVR rules kick in

BNZ said it would no longer honour any investor conditional approvals for more than 60% lending as of October 1, in line with the Reserve Bank's
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looking for real estate agents to sell insurance

A leading national Voluntary Benefits producer and enrollment company seeking sales people who are articulate, enthusiastic and self-motivated with
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Could collective living be the answer to Vancouver's housing crisis?

He offers to send us home with some kale, noting there's plenty to go …. For many, co-housing is not just a necessity in a difficult housing market; it's a
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How district is pushing back on county-wide housing allocations

It followed the Oxfordshire Strategic Housing Market Assessment, published in 2014, which accepted that Oxford City Council would be unable to fully
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Low interest rates are creating broader instability

Low interest rates are creating broader instability

The demand is underpinned not only by market forces driven from home owners or those looking to purchase a beneficial investment. It is also
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Home prices keep rising, Melbourne overtaking Sydney

“So there are more and more segments of the housing market that are simply being blocked from purchasing, particularly low-income families, first
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Australian bank CEOs set to face parliamentary scrutiny

[SYDNEY] The chief executives of Australia's 'Big Four' banks are set to be questioned over three days this week by a parliamentary committee that
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Alarm call from stricken German banking giant Deutsche Bank

The troubles of giant Deutsche Bank run deep. Above all, they are a reminder that the scars of Europe's debt crisis have yet to heal, writes Kyran
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Brace yourself for a week of banking drama

Commonwealth Bank of Australia CEO Ian Narev will set the tone for a week of appearances by the major bank chiefs in Canberra. Daniel Munoz.
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Salt Lake apartment market 'fully occupied,' report says

Despite the low vacancy rates in the market, he was able to secure a suitable … “It's affordable (for new housing) because of the price point,” he said.
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Government announces schemes to accelerate home building

We've made great progress fixing the broken housing market we inherited from Labour, but now is the time to go further. “We want to ensure everyone
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Australia home prices keep rising in Sept-CoreLogic

Monday's figures from property consultant CoreLogic showed its index of … Home values were estimated to have jumped 2.3 percent in Melbourne
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Comment: Don't fret, ECB will prevent new banking crisis…

Lehman Brothers had pulled the pin from Ireland's banking grenade. With no support or clear direction coming from Brussels or Frankfurt, it was the
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Wells Fargo needs to atone for unscrupulous banking practices

The Labor Department investigation follows lawmakers on the Senate Banking Committee who grilled Wells Fargo Chief Executive John Stumpf on
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Melbourne home prices lead the way

Melbourne's home prices has had the highest rate of growth among the capital cities during the September quarter with values rising five per cent.
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Fannie Mae Releases August 2016 Monthly Summary

The monthly summary report contains information about Fannie Mae's monthly and year-to-date activities for our gross mortgage portfolio,
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Area CEO accused of fraud, ponzi payments

Ferrell used half-truths and false information to induce victims into investing in real estate investment deals and other services, according to the grand
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Ryder Cup Leaderboard 2016, Scores, Hazeltine National Golf Club, USA vs Europe

The Ryder Cup leaderboard shows Team USA taking an early lead on Friday morning, Team USA has a slight advantage over Team Europe as early scores come in from the Hazeltine National Golf Club….
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Notes: Nations project sees progress

Real Estate Notes: Nations project sees progress … s $6.3 million acquisition of the property on which the 199-room hotel building will rise.
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Prosper Closes Secondary Market

prosper-logo-2016 P2P lending marketplace Prosper today informed investors via email, that it will close down the secondary market, effective
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Istanbul and Vancouver see steepest house price rises

Hong Kong remains the most expensive place in which to live, but it is Istanbul and Vancouver that have posted the sharpest house price growth of the
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Wells Fargo takes 6 big blows from House panel

Stumpf was called to resign, lashed for not moving fast enough once the alleged scam surfaced, was compared to a bank robber and warned that
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Magnificent Kings Beach Management Rights

Enjoy the lifestyle on one of the Sunshine Coast's most popular beaches, plus the solid financial returns of this established holiday resort in a quality
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Deutsche Bank: From bombs and bravado to risks of a bailout

Deutsche Bank is under the most pressure a major lender has faced since the financial crisis, but many trace its woes back beyond the banking crash.
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Millennials will change commercial banks, though they'd prefer a dental visit

Millennials will change commercial banks, though they'd prefer a dental visit

Commercial banks need to impress with services. A new study shows most Millennial business-decision makers would switch banks. As painful as
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real estate company

Gurtej Sodhi of Brentwood has been promoted to the position of chief information & operations officer … Gurtej Sodhi of Brentwood has been promoted
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Bank Mortgage Lending Thaws

New research indicates that following a period of very tight home lending, banks are lending more of their own money for mortgages. During 2008
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TD looks to acquire corporate loans in United States

Toronto-Dominion Bank wants to increase its corporate lending in the United States by acquiring loans from other foreign banks retreating from the
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Household credit and mortgage balances

Household credit and mortgage balances. Homeowners repaying only the minimum increased from 54% mid-2013 to 67% mid-2016 – Jacques du
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Fitch Affirms Banco de la Nacion's (Peru) IDR at 'BBB+'; Outlook Stable

BN's three main activities include lending to national and subnational governments (62% of direct and indirect lending at June 2016); consumer
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PBOC Seen Switching to Broad Monetary Tightening as Soon as 2017

The PBOC has kept its benchmark lending and deposit rates on hold for nearly a year and the RRR unchanged since February, failing to deliver the
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3 things you should not do when you're applying for a mortgage

Don't let those reality TV shows fool you — buying your dream home can be a painstaking process. Getting approved for a mortgage is arguably the
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Real Estate Investar Group Ltd grows revenue by 31% in FY16

Real Estate Investar Group Ltd (ASX:REV) has grown revenue by 31.7% to $5.29 million and surpassed 200,000 members for its online property
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2016 Iowa Real Estate Market Predictions

The 2016 Housing Market in Iowa is stable with a Zillow rating of 4.8 out of 10. In the current real estate market, the median list price for a home is
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Realtor of the week: Olejniczak helps clients from around the world

“Houston is an international city, and people continue to move here from all around the world, making the city's real estate market global. For example
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U.S. bill calls for blocking N. Korea's access to global banking network

29 (Yonhap) — A U.S. House lawmaker has introduced a bill designed to completely cut off North Korea from the international banking system in what
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Fed, CSBS Survey Examines Community Banking Activities

The Federal Reserve and the Conference of State Bank Supervisors today released an annual survey of the nation's community banks, which
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Nearly 150K Wells Fargo accounts in Texas possibly affected

WASHINGTON (AP) — The CEO of Wells Fargo says nearly 150,000 Texas accounts possibly were affected in the banking scandal that's drawn the
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Autism Services expansion leads to Unyts move

… offices and its school program, working with Waterbourne Real Estate Advisors to find the 50,000-square-foot facility at 30 & 40 Hazelwood Drive.
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US Seniors' Housing Wealth Now a $5.9 Trillion Reverse Mortgage Opportunity

The amount of housing wealth held by U.S. senior homeowners continues to grow at a billion-dollar clip, propelling the potential opportunity for
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Realtors celebrate 100-year anniversary amid changing industry

Today the name “Realtor” might conjure images of stationery and business cards stamped with the glossy headshot of your local real-estate agent.
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Madison Realty Capital Provides $63.0M First Mortgage Loan to Complete Residential …

NEW YORK, Sept. 29, 2016 /PRNewswire/ — Madison Realty Capital (MRC), an institutionally-backed real estate investment firm focused on real
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Art & Design|In 'By the People,' Designing for the Underserved and Overlooked

What results can take numerous forms: a plan to shrink Detroit; a pedal-powered tractor; an ironic board game explaining the housing market;
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Surge in million dollar homes selling in Shreveport

In fact, one of the hottest real estate markets in Louisiana includes some of Shreveport's swankiest addresses. Realtor Ben Dowis calls the area, “the
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Future moves for the property market

Future moves for the property market

Future moves for the property market. The forecast crash did not materialise, so what happens now? Here are the views of buyers and agents.
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Housing trust sells Keystart mortgages to private bank

The mortgages of thousands of battling West Australians have been sold to a private bank as the State Government moves to clear $1.3 billion from its
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Jerusalem Estates In Schneller Compound Most Coveted Real Estate Project Amongst Chareidim

The planned Jerusalem Estates development is already being labeled in the real estate industry as “unprecedented” for its high standards of
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Sixty-percent of Millennials Prefer Mobile Banking: Survey

More than 60% of millennial use a mobile device as their preferred banking method, according to a new report from Irvine, Calif.'s MFour Mobile
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Mortgage position- Quality Assurance Specialist

Description. The Quality Assurance Specialist will perform audit activities required to ensure compliance within the business unit. To accomplish this
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Tiny Tioga School District gambles on real estate

To do it, a district now educating grades K-12 in a single schoolhouse 58 miles north of Dallas is going into the real estate business. School officials
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New Report Details Community Banking in Ky., Nation

ky commonwealth logo 2016 FRANKFORT, Ky. (9/29/16) — Kentucky bankers shared their insights and concerns about the economy, competition,
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Need a Career Change?? Could Real Estate be for You?

Are you tired of working late hours and are not sure what your future holds? Why not consider a career in real estate? We're a busy insurance/real
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18 Cities That Might Be In a Housing Bubble

The report, released this week, analyzes residential property prices in 18 cities worldwide that are considered financial centers. UBS defines a bubble
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How to clean up banking decisions

The government is reportedly cracking down on chiefs of state-run banks and financial institutions for acts of wrongdoing. As a majority owner, it has
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30-Year Fixed-Rate Mortgage Slides to 10-Week Low

The average 30-year fixed mortgage rate fell as the FOMC decided to leave short term rates unchanged, according to Freddie Mac's recently released
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Bank of England confirms tougher buy to let mortgage lending regime

The Bank of England's Prudential Regulation Authority has confirmed that tighter regulations will apply to lenders providing mortgages for buy to let
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Peer-to-peer marketplace Harmoney makes it easier for ordinary folk to turn lender

The country's largest peer-to-peer marketplace has launched an automated system to make it easier for ordinary people to lend out their money for a
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Troop Real Estate And Century 21 Prepare For Annual Turkey Drive

“Troop Real Estate has been involved in the community for nearly three decades, supporting numerous charities, with our largest event being our
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IMF warns of new imbalances in commercical property sector

The IMF also backed the Central Bank's controversial mortgage rules, … borrowers' capacity to service their mortgages vulnerable to income shocks.
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Movement Mortgage Launches Easy App Digital Mortgage Platform

Movement Mortgage has introduced a new digital mortgage platform that promises to simplify the mortgage application process, improve accessibility
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Announcing Simple Shared

Most bank websites offer online joint accounts to romantic couples or parent-child relationships. We thought—and heard our customers ask—what
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Russia's Biggest Bank Joins the Hyperledger Blockchain Project

The Linux Foundation-run Hyperledger Project will see a new member join the ranks, in Russia's largest bank (by assets) Sberbank. The Hyperledger
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Toronto officials continue to monitor BC foreign buyers tax very closely: Tory

“It is only responsible for us to understand what the challenge is here in the Toronto real estate market before we decide to advocate for some
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Property price inquiry targets foreign owners

The mayor of London is to hold an inquiry into foreign ownership of property in the capital, which has been blamed for helping to push up housing
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After Wells Fargo scandal, RIP to the big banking business model

After Wells Fargo scandal, RIP to the big banking business model

Last week, Wells Fargo CEO John Strumpf said at a Senate Banking Committee hearing that the issues at his bank did not arise from an “orchestrated
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Brooklyn Housing Market Named Least Affordable in America

The average Brooklyn resident would need to spend 124% of their income to afford a median-priced home within the borough, a new report says.
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Lawmakers spew vitriol at Wells Fargo CEO and ramp up demands for probes of banking industry

Lawmakers on Thursday intensified their calls for a wide range of investigations into Wells Fargo & Co. — and into the practices of other banks — as
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Join a High Producing Real Estate Team

Do you like the idea of joining a Top Producing Real Estate Team and getting your hands into sales from the very beginning? Are you looking for a job
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Inside Real Estate With Kevin: Some Random Thoughts About DC Real Estate

I remember the first time I saw a D.C. flag tattoo. I was working out at Results (now Vida) on U Street, and there was a guy with it tattooed on his calf.
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Castro touts housing turnaround

WASHINGTON – Housing and Urban Development Secretary Julián Castro … “The housing market here has rebounded and it's almost where it was
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'Banks can publish photo of wilful defaulters'

Asking the banks not to indiscriminately publish photographs of defaulters and guarantors in newspapers, the RBI directed the lending institutions to
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Federal Financial Institutions Examination Council announces availability of 2015 Data on …

The current HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include many
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BB&T Reaches $83 Million Settlement With Feds Over Mortgage Lending Practices

Branch Banking & Trust Company will pay the federal government $83 million as part of a settlement relating to its lending practices for mortgages
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Here's how new immigration trends impact the housing market

There's one less-noticed factor that is impacting the current shortage of cheap service labor and shortage of affordable housing: the education level of
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Fast-growing CPM Companies realigns as Twin Cities property market shifts

Few multifamily developers have been as active in the Twin Cities market … hotel near the U. The firm's newest direction is mixed-income housing.
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BB&T Paying $83M to Settle FHA Bad Loan Investigation

BB&T Corp. has agreed to an $83 million settlement with the U.S. Department of Justice over mortgages with quality control problems that were
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Product Manager

Learn more about applying for Product Manager – Auto Lending at Fiserv, Inc.
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Lenders cannot publish defaulters' photographs randomly, says RBI

The RBI said lending institutions have to formulate a policy, with the approval of their Board of Directors, which clearly sets out the criteria based on
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The fascinating theory the US is banking on to win the Ryder Cup

CHASKA, Minn. — Just four Ryder Cup wins since 1985 means the U.S. essentially had no other choice. Its lack of success forced its hand. The team
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Buy-to-let landlords to face tougher mortgage test as new rules will ensure owners can survive …

David Hollingworth, of mortgage broker London & Country, said: 'These rules could prove fatal for small landlords hoping to invest in buy-to-let
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Seattle Anchor Leaving TV for Banking

“After a very exciting and fullfilling (sic) 32 year broadcast career, I'm taking my business news passion into the banking sector,” Goode wrote on his
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Banking Really Hasn't Changed Much Since the Panic

The concept of what I call “math as money” is often a difficult one to grasp, particularly when still anchored to the traditional view of money and banking
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Broker Roundup For STARWOOD PROPERTY TRUST, INC. (NYSE:STWD)

Recently some investment brokers have made changes to their outstanding price targets on shares of STARWOOD PROPERTY TRUST, INC. … and a mortgage loan business, and Real estate property (the Property Segment), which
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Old National Bank Hires Mortgage Loan Officer

Old National Bank has hired Shellie Sparks as mortgage loan officer. She has more than 24 years of banking experience, including 13 years with
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HUD chief visits SW Fla. to tout housing market recovery

HUD chief visits SW Fla. to tout housing market recovery

U.S. Dept. of Housing and Urban Development Secretary Julián Castro came to Fort Myers Thursday to salute the region's housing market comeback
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City National Bank Hires Banker to Launch National Food & Beverage Banking Team

LOS ANGELES, Sept. 29, 2016 (GLOBE NEWSWIRE) — City National Bank, America's Premier Private and Business Bank®, announced today that it
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No slowdown seen in commercial real estate

The commercial real estate market outlook for Miami-Dade: Sunny, as long as more mass transit is on the horizon, said industry experts on Thursday
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BB&T to pay $83 million for FHA lending violations

BB&T becomes the latest in a long string of lenders targeted by the DOJ for False Claims Act violations. The False Claims is designed to prosecute
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Lenders work to overcome Detroit's appraisal gap roadblock

After the financial crisis, the Detroit housing market started a long uphill climb to get back to a healthy, sustainable market, an achievement the city is
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Pressure is rising on Germany to show it's ready to rescue Deutsche Bank

German officials could be about to find themselves in an uncomfortable position: Being called on to show they're ready to rescue a bank in a part of the
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Study: Whites treated better by BC real estate agents

White prospective homeowners received better treatment and service from Battle Creek real estate agents than their black counterparts who were
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Fines, Withdrawals, Job Cuts. It Was an Ugly Day for Global Banks

Eight years after the financial crisis, the global banking industry is groping for a way forward. Global regulators have sought to make banks look more
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BOI, NIRSAL partner to boost agricultural lending

He added that the collaboration between the agencies would make agriculture an attractive business to investors by de-risking lending to the sector
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Time to tackle real estate's structural changes

While construction materials cost less, the prices for new public housing have been kept steady and price records were set for new HDB flats in
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Tech Companies Are Lending a Hand in Fight Against ISIS

Twitter recently shutting down more than 360,000 ISIS-linked accounts, and Google helps redirect searches for ISIL propaganda toward moderate
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Plea deal for Petaluma real estate agent accused in Bay Area home mortgage scam

A Petaluma real estate agent accused of defrauding dozens of clients across the Bay Area in an alleged home mortgage scam settled his case with
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JMMB gets commercial banking licence

KINGSTON, Jamaica — The JMMB Merchant Bank, a subsidiary of the JMMB Group, has been granted approval to start operating as a commercial
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The Reverse Mortgage Risks Every Retiree Should Know

Reverse mortgages can be a productive use of home equity for many American households, but no retirement strategy is perfect for everyone and
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BB&T paying $83M in Justice Department mortgage settlement

… originated and underwrote federally insured mortgage loans that failed to meet federal requirements, the Justice Department said Thursday. DAVIS
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Commonwealth Bank: coal seam gas makes property 'unacceptable' as loan security

Australia's biggest mortgage provider has declared a Queensland property with coal seam gas wells “unacceptable” as security for residential lending,
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The housing market really isn't cooling

The September house price index results are grim for those claiming the market is “cooling”. Home values have jumped a strong 0.8 per cent across
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Taylor Morrison Home Corporation (NYSE:TMHC) Updated Broker Price Targets

09/28/2016 – Wells Fargo began new coverage on Taylor Morrison Home … through its title company, Inspired Title Services, LLC (Inspired Title).
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Fears of Contagion Roil Banking Sector

Pacific Heights Asset Management Portfolio Manager Michael Cuggino discusses Deutsche Bank's woes and risks to the banking sector. He speaks
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What should I know about escrow?

HASSON COMPANY REALTORS – Mike Hall Among unfamiliar … One company usually provides both escrow services and issues title insurance.
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Technology spells end of branch banking

Technology spells end of branch banking

In just five years, more than 150 branches of New Zealand's major banks have disappeared, and more are earmarked to go the same way. Westpac
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WATCH; Real Estate Update – Politics of real estate

INDIANAPOLIS (THRU) – Real Estate expert Greg Cooper joins Eyewitness News Sunday Sunrise to give updates and tips on the real estate market.
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House builder Cala Homes hits out at stamp duty as it posts record profits

“It affects the whole housing market indirectly.” Last week, stamp duty receipts were revealed to have fallen by 3pc, with property experts expecting that
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Deutsche Bank races against time to reach US settlement

Like fellow large European banks also under investigation for mis-selling mortgage-backed securities, Credit Suisse (CSGN.S) and Barclays (BARC.
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Screen Real Estate Showdown: Ultrawide vs. 4K Monitors

If you want the ultimate in desktop screen space, you have two options: Get a bigger monitor, or get a 4K monitor. Both options offer you more space to
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Vancouver and Five Other Global Cities Facing a Housing Bubble, UBS Finds

In the U.S., San Francisco has the most overvalued housing market, but is not yet at risk of a bubble. “In the wake of technology boom and buoyant
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California Association of Realtors Offers Predictions for 2017 Housing Market

Despite a shortage of homes for sale and mounting affordability concerns, California's housing market will rebound slightly from 2016's dip in sales
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California real estate predictions: Coastal markets slowing, Boomers not selling

The California Association of Realtors predicts 2017 is going to be a good year for the state's inland markets as those on the coast get less and less
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Real people: Tennis, real estate come together at U.S. Open for agents

Hughes holds her real estate license in both Georgia and Texas and affiliated five years ago with Hughes – who is a former college tennis player and
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With U.S. REITs Overextended, Consider This Latin America Real Estate ETF

But before we get into why this space presents such a compelling opportunity, we need to take a closer look at the real estate picture here at home.
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German bank woes will dash Frankfurt's great dream

Its two largest lenders – Deutsche Bank and Commerzbank – are in what can only be described as severe difficulties. The two firms apparently
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ECB's Nowotny says Europe not facing new banking crisis

European Central Bank Governing Council member Ewald Nowotny said on Thursday he did not believe that Europe faced a new banking crisis
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The Hottest U.S. Real Estate Markets for September 2016

In gauging which real estate markets were seeing the most activity, our economic data team took into account the number of days that homes spend
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Bendigo and Adelaide buys Keystart mortgages

Bendigo and Adelaide buys Keystart mortgages. This content requires an active Banking Day subscription. Login below or request a free trial.
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New York Public Library expands its Wi-Fi lending program

The library has partnered with Google and Sprint to offer 5,000 free hot spots for students and their families. “They go to the library daily in order to use
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Charlestown bank makes key hires

Shelley Lankins has been named vice president of the Retail Banking Department. Deanna Liter joins the bank as its vice president of the Data
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NZ real estate listings get Chinese translation on sites like Hougarden.com

Real estate agent Antonia Baker, of The Property Market, said vendors needed to understand that they were operating in a global marketplace and
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This is what the San Francisco housing bubble bursting would look like, expert says (Video)

The UBS Housing Bubble Index Report 2016 declared the San Francisco housing market to be “overvalued” by crunching metrics that include home
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Banks finally want to originate mortgages again

A lot of banks took a long hard look at mortgage origination after the financial crisis and decided they want to clean their hands of the industry that
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New lending restrictions expected to have limited impact

New loan restrictions officially come into effect tomorrow, meaning property investors now need a 40 percent deposit to buy property. An auction sign
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