Mortgage 101: Earnest money — what is it?

Mortgage 101: Earnest money — what is it?

Earnest money is money paid to confirm a contract. In the lending industry, earnest money is part of nearly every single real estate purchase contract.
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NAR forecasts heated housing market in 2017

Predictions from the National Association of Realtors, the Mortgage Bankers Association, Fannie Mae and Freddie Mac show that home sales are
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DOJ nails two more lenders for FHA violations

The Department of Justice just hit two more lenders for violating the False Claims Act; both are located in Salt Lake City, Utah. Collectively, the two
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To end the affordable housing crisis, Washington needs to legalize Main Street

In a sign that market solutions for the United States' growing housing affordability crisis are beginning to earn bipartisan support, the White House this
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Is Zillow's lead generator filled with scammers and spammers?

“Zillow's clients are the Realtors that buy the leads,” a Realtor group leader from Ebby Halliday told HousingWire. “We get the clients and list the
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With new mortgage rules, has Ottawa gone a step too far?

If mortgage rates were just one percentage point higher, affordability would drop 9 per cent, demand would slow and these concerns would alleviate.
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RBS Securities to pay state $120 million in mortgage bond investigation

RBS Securities Inc. will pay $120 million to the state of Connecticut to resolve an investigation into its underwriting of residential mortgage-backed
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State to help pay more people's mortgages

In late September, the Ohio Housing Finance Agency began accepting applications from homeowners who lost their jobs and want mortgage
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Canada's $440-billion mortgage-backed securities market may cool on new rules

CNW Group/Royal LePage Real Estate ServicesMany mortgaged-backed securities in Canada are supported by government-insured mortgages,
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A Onetime Housing Skeptic Plans $1 Billion Bet on Homes

A big short is going long on the U.S. housing market. Donald Mullen Jr., the former Wall Street executive who a decade ago helped oversee Goldman
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Mortgage Bankers Association of the Carolinas postpones annual convention due to Hurricane …

The Mortgage Bankers Association of the Carolinas is postponing its annual convention due to Hurricane Matthew, which is quickly approaching the
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Ottawa's move to tighten mortgage market will squeeze some consumers out

One of Canada's largest mortgage default insurers says about one third of its consumers would have problems meeting the new required debt service
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Christie Administration Marks Groundbreaking for Mixed-Use Affordable Housing for Families in …

JERSEY CITY, NJ – New Jersey Housing and Mortgage Finance Agency (HMFA) Executive Staff recently joined local officials and community leaders
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Barfoot & Thompson says Auckland housing market more subdued with prices flat in September

Barfoot & Thompson says Auckland housing market more subdued with … Auckland Housing market could be in for a cool summer with prices and
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Crash! Stock market plummets

Beyond riskier lending, banks also used financial agreements called mortgage-backed securities to provide a way for individuals to invest in the
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Four major trends affect commercial real estate

In the spirit of full disclosure, the subject matter for this column was covered in more detail in the National Real Estate Investor, an online publication to
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Winter Park taps CBRE to help manage city's real estate assets

The city of Winter Park has turned to Central Florida's top commercial real estate brokerage firm — based on Orlando Business Journal research — to
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Defending Trump's Tax Losses: The Real Estate Professional Exception Is Not A Loophole

Hey, have you heard about Donald Trump? You know, the guy who is accused of not paying his creditors, repeatedly making racist and sexist
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Study: Investors Warm Up to Real Estate

A national survey of U.S. investors by Better Homes and Gardens® Real Estate found 89% of U.S. investors surveyed are interested in incorporating
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Record $1.3 Billion Fine Levied Against Payday Lending Scheme

“This significant court judgment demonstrates the FTC's determination to crack down on deceptive payday lenders and the people who run them.
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Canada Housing Stocks Fall as Government Tightens Mortgage Rules

Canada Housing Stocks Fall as Government Tightens Mortgage Rules

Canada's mortgage lenders and the largest private insurer plunged amid concerns that new measures by the federal government to cool the housing
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BRIEF-Freddie Mac announces pricing of $229 mln multifamily small balance …

COLOMBO, Oct 4 Sri Lanka will pay $170 million to AerCap Holdings NV, the world's largest independent aircraft leasing company, for cancelling a
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More deposit rate cuts to precede further softening of lending rates

Banks have been reviewing rates each month under the marginal cost of funds-based lending rates (MCLR) regime since April. Much of the revision
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12 Month Compliance Contract – Retail Banking or Mortgages experience required job with …

Our client, a growing retail group, is looking to hire a Compliance Manager for their Subsidiary Head Office. Duties will include;. • Effective day to day
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Lenders must keep supporting first-time buyers

According to the release, the number of 95% loan-to-value mortgages has drastically reduced from 270 in March 2016 to 225 in August 2016.
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Kristen Routh-Silberman Named to REAL Trends America's Best Real Estate Agents in Las Vegas …

Routh-Silberman is now a member of the “America's Best Real Estate Agents,” Ranked number #11 for Nevada and ranked number #4 for Las Vegas.
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Bulgaria 'Ignoring N-Korea Illicit Real-Estate Deals'

Bulgaria: Bulgaria 'Ignoring N-Korea Illicit Real-Estate Deals' As a resulf of the deals, the regime of Kim Jong-un thus receives remittances from
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Home prices heat up: Crisis and opportunity

Rising buyer demand and increasingly short supply are lighting a fire under the U.S. housing market. Home prices in August surged on a monthly
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Bluestone: lenders must rise to challenge of changing labour market

Specialist lender Bluestone mortgages has called on lenders to respond to the changing world of work, pointing to the rising number of contractors
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Underwriter, Agency Lending Products (Freddie Mac and FHA)

Underwriter, Agency Lending Products (Freddie Mac and FHA) … ongoing basis, to stay current on changes made by Freddie Mac, FHA and/or CPC.
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GIC invests in German student housing market with GSA

FRANKFURT — Singapore's sovereign wealth fund GIC and Dubai-based student housing specialist GSA yesterday said they have joined hands to
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Morneau's Mortgage Rules Target Millennials More Than Foreign Buyers

People applying for insured mortgages will have to qualify at the Bank of Canada (BoC) “conventional mortgage” rate, instead of the local bank rate.
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Mortgage rule changes could lead to growth in shadow banking: experts

Sweeping changes to Canada's mortgage lending rules could push more borrowers into the unregulated, shadow banking segment of the market,
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Harlem clergy enter mortgage-reform fray, saying 'Our Loans Matter'

Dozens of New York Baptist ministers have joined the fray over Fannie Mae and Freddie Mac, saying efforts to privatize the mortgage giants could
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Mortgage Sales Support Specialist

Loan / Mortgage. Job type. Contract/Temporary. Adecco is hiring a motivated and enthusiastic team-player to be a sales support specialist at a major
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Auckland's property market has totally changed, agency says

Auckland's property market is now “totally different” to how it was a year ago, real estate agency Barfoot & Thompson says. It has released data for
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Federal Government Totally Misses The Point On New Mortgage Rules

Under new mortgage rules just announced by Finance Minister Bill Morneau, all insured mortgage borrowers must now pass a “stress test” proving
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London property investment tumbles 36pc, as growth slows for first time in seven years

London has slipped from its position as the most invested-in property market to be overtaken by New York, as total investment in buildings across the
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Realtor uses license to burglarize homes

A Realtor in Williamsville, New York, a small town outside of Buffalo, New York, used her real estate license to burglarize houses for sale, according to
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SAMA studying ways to reschedule mortgages

Al-Riyadh newspaper, quoting unnamed sources at the central bank, said it was trying to achieve a balance between mortgage borrowers' financial
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Today's Short Interest: Arbor Realty Trust Incorporated (NYSE:ABR) Shorts Decreased by 30.27 …

Today's Short Interest: Arbor Realty Trust Incorporated (NYSE:ABR) Shorts Decreased by 30.27 …

The Firm operates in the portfolio segment of commercial mortgage loans and investments. It has a 11.81 P/E ratio. The Firm invests primarily in real
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GSF Mortgage Increases Footprint in Iowa With the Addition of MLO Joey Taylor

GSF Mortgage Corporation has named Joey Taylor as a mortgage loan originator located in Dubuque, Iowa. Taylor joins GSF with an extensive
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Vancouver home sales drop nearly 33% as new tax takes hold

Property sales in Greater Vancouver totalled 2,253 last month, down 32.6 per cent from a year earlier, as the housing market adjusted to the impact
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Mortgage Rates: Predictions For 2017

Currently, the home financing climate continues to be favorable for prospective borrowers. But mortgage rates can change relatively quickly, and your
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Community Financial Corp(NASDAQ:TCFC) Declares Dividend of $0.1000.

The Bank's real estate financing consists of commercial mortgage loans residential first and second mortgage loans and home equity lines of credit.
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4 tips for taking gorgeous real estate listing photos with your phone

Great images on your listings can have a huge impact on the time it takes to sell a home and what it sells for. If there's one thing you can do today to
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Genworth MI Canada Inc. Comments on Recently Announced Mortgage Insurance Changes

Effective November 30, 2016 , mortgage loans that lenders insure using portfolio insurance and other discretionary low loan-to-value mortgage
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Stocks In Queue: Real Goods Solar, Inc. (RGSE), Genworth Financial, Inc. (GNW), Synchrony …

Genworth Financial, Inc. (GNW) gained $0.01 to close the day at a new closing … It operates through five segments: U.S. Mortgage Insurance, Canada
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30-Year Fixed Mortgage Rates Rise on Strong Economic Data

The 30-year fixed mortgage rate on Zillow(R) Mortgages is currently 3.32 percent, up 8 basis points from this time last week. The 30-year fixed
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Another Chinese city is trying to prick its housing bubble

The average new home price in 70 major cities climbed an annual 9.2 percent in August, up from 7.9 percent in July, according to data from China's
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Region's commercial real estate market gains continued in third quarter

The southeastern Wisconsin commercial real estate market remained healthy during the third quarter of the year with positive absorption and declining
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Freddie Mac Announces Pricing of $229 Million Multifamily Small Balance Loan Securitization

In addition to the seven classes of securities guaranteed by Freddie Mac, the trust will issue certificates consisting of the Class X2, B and R Certificates
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Home / News / Bibby Financial Services Provides $5.5MM Asset-Based Lending Facility to Sprout …

Bibby Financial Services, Inc. (BFS) announces it is providing a $5.5 million asset-based lending (ABL) facility to Sprout, a developer, marketer and
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Ottawa to tighten mortgage rules, slow influx of foreign buyers' cash

Morneau's package of measures, which include strengthening mortgage rules, also reflect growing concern that Canadians have too much debt.
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End of Canada's 'Unique' Mortgage System Means Higher Bank Costs

While it's not clear what form that risk-sharing will take — a deductible on mortgage insurance may be one option — any move will likely require
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Current Mortgage Rates for Tuesday, October 4, 2016

Strong manufacturing data yesterday in the ISM Mfg Index pushed the price of long-term bonds down and the yield up, ultimately carrying mortgage
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Octane Lending picks up Series A funds

New York-based Octane Lending Inc, a powersports finance company, has secured an undisclosed amount of Series A funding. Berenson Capital
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BofA to terminate mortgage origination servicing arrangement with PHH

PHH Corp. has lost another chunk of business as the mortgage company said Bank of America plans to terminate its private label origination services
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Call to loosen UAE mortgage cap, boosting first-time buyers' prospects

The UAE Central Bank should consider cutting the mortgage cap for first-time buyers to encourage more residents to become homeowners, according
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Glenn Hodge Joins Castle & Cooke Mortgage, LLC as Company Escalates Eastward Expansion

SALT LAKE CITY, UT–(Marketwired – October 04, 2016) – Castle & Cooke Mortgage, LLC®, a national mortgage lender headquartered in Salt Lake
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ICICI Bank lowers lending rates by 5 bps to 9.05%

ICICI Bank lowers lending rates by 5 bps to 9.05%

ICICI Bank lowers lending rates by 5 bps to 9.05%. Under the new rates, retrospectively effective from October 1, the one-month MCLR will be 8.85
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Judge Sweeney Ties Pre-Conservatorship Blackrock Documents To Capital Injection Forecasts

The Blackrock documents appear to be about injecting capital into Fannie Mae and Freddie Mac and can be tied back to before conservatorship
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Volunteer firefighters turn down cash for lending hand at L'Isle-Verte fire

Saint-Alexandre-de-Kamouraska's volunteer firefighters, who travelled 50 kilometres east to help fight the deadly fire at a seniors' home in L'Isle-Verte,
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Plans to reduce key lending rate to 14-16% per annum in Belarus by late 2017

Efforts will be poured into optimizing and increasing the effectiveness of lending to the economy, including by gradually reducing the share of
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Business Lending Solutions signs exclusive naming sponsorship with UMaine Business Challenge

Hampden, ME (October 4, 2016) — UMaine Business Challenge (UBC) and Business Lending Solutions (BLS) today announced a three-year
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FHFA Raises Awareness for Principal Reduction

Borrowers may be eligible if their loans are owned or guaranteed by Fannie Mae or Freddie Mac, they were 90 days or more delinquent on their
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ECB Officials Express Concerns Over Effect of Negative Rates on Lending — 2nd Update

Over the past 24 hours, two senior ECB officials have warned that subzero rates could, over time, cause banks to reduce lending to the economy.
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Houston Community Under New Ownership through HFF

In addition, HFF procured the buyer with a ten-year, floating-rate loan through Freddie Mac's CME Program, which will be serviced by HFF through its
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Utah Lenders Agree to Settlement with DOJ

Primary Residential Mortgage agreed to a $5 million settlement, while … requirements,” HUD's Inspector General David Montoya said in a news
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MAUREEN DALTON

Monarch Title Company CEO Maureen Dalton has more than 30 years' experience in the real estate and title business. She is a forward-thinking
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Mortgage prisoners will be freed via lifetime mortgages – More 2 Life

It is disappointing to hear that many borrowers are trapped in their existing mortgage deal and unable to switch deals or lender. Given the number of
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truth in lending: problems with the right of rescission

Although the Federal Truth in Lending Act' has been in effect for over a year,2 there are still a great number of busi- nessmen and attorneys who are
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Dockerty Romer Lands $34M Financing for Atlanta Office Building

Atlanta—Dockerty Romer & Co., a Florida-based full service commercial mortgage banking firm specializing in capitalization of income, has secured
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Rock-bottom savings rates boost offset mortgage appeal

Despite the Personal Savings Allowance firmly in place the tax benefits an offset mortgage is still a consideration for many. The reductions in the
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Vancouver Home Sales Drop, Prices Continue to Climb

Home sales in the Canadian city of Vancouver, British Columbia, fell sharply in September, suggesting one of the country's frothiest housing markets
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Stocks Buzz: EnteroMedics Inc (NASDAQ:ETRM), Navient Corp (NASDAQ:NAVI), Ally Financial Inc …

Ally Financial Inc., a diversified financial services company, provides a … It also engages in the administration of held-for-investment mortgage loan
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Apollo Commercial Real Estate Finance (ARI) Closes $325.5M Worth of Real Estate Transactions

As a result, ARI had a very active September and closed four first mortgage loan transactions totaling $325.5 million, representing a mix of property
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York Region's high housing prices: Are there solutions or is this the new reality?

Twenty-four-year-old Nick DeRyck is living in his parents' Newmarket basement, wondering if he will ever be able to afford to buy his own home
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Zillow Mortgages Reports 8 bps W/W Increase in 30-Year Fixed Rate to 3.32%

The 30-year fixed mortgage rate on Zillow® Mortgages is currently 3.32 percent, up 8 basis points from this time last week. The 30-year fixed mortgage
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New real estate rules to dampen home sales beyond Toronto and Vancouver, banks say

WATCH: The federal government announced Monday that they intend to stabilize housing markets across Canada by closing a tax loophole used by
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Don't blame foreign investors – the roots of the housing crisis lie closer to home

Don't blame foreign investors – the roots of the housing crisis lie closer to home

Sadiq Khan's investigation into the London property market is a distraction. The housing bubble has been created by the actions of British politicians.
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Fears escalate in Singapore's housing market as prices continue to drop

While there is an improvement seen in the take-ups of new launches, the housing market remains in correction as private residential property prices
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RBA leaves cash rate steady, mixed on housing risks

A clear indication of concern within the RBA about rising house prices would have forced the currency higher as traders bet the central bank would be
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The loophole that allows real estate tycoons like Trump to avoid taxes

In the case of Trump and anyone else in real estate, they're dealing instead with what are called pass through businesses, or LLCs, S corporations,
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GRESB Updates Green Bond Guidelines for the Real Estate Sector

These Guidelines build on the Green Bond Principles with specific focus on real estate sector market participants originating and/or investing in green
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D-FW cities dominate US healthy housing market list

D-FW cities dominate U.S. healthy housing market list … Five of the 10 healthiest U.S. housing markets are in North Texas, according to a new study.
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Declarations tip of iceberg, target real estate, gold: Pai

“Black money report released in Parliament says that 40 per cent of all black money generation happens in real estate. One major factor is capital
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Real-estate reform: What you need to know about Ottawa's overhaul

On Monday, Finance Minister Bill Morneau announced a major shakeup of Canada's mortgage and foreign-ownership rules for real estate to take
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89% of U.S. Investors Interested in Putting Their Money into Real Estate

MADISON, N.J., Oct. 4, 2016 /PRNewswire/ — Could real estate be the hottest trend in investing? While the concept itself isn't new, confidence and
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United Wholesale Offers Automated Income Verification Tool

United Wholesale Mortgage has rolled out a new tool that allows mortgage brokers to receive automated income verification. The tool eliminates the
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Small banks shrinking away from commercial real estate

Small banks are retreating from financing commercial real estate as federal regulators ramp up scrutiny of such lending. The Federal Deposit
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Italy's Consob extends shorting ban

The Options Clearing Corporation's securities lending volume grew by 29 percent in new loans in September, compared to the same time last year.
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FirstBank Expands its Business Lending Division

“Expanding our business lending department will help FirstBank continue its strong financial performance and we're confident in Nan's expertise to
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BRIEF-India's ICICI Bank cuts MCLR-based lending rate by 5 bps

Oct 4 ICICI Bank * Reduces MCLR by 5 bps * Says MCLR-based lending rate reduced effective Oct 1 SOURCE TEXT: ICICI Bank announced a
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Sunflower Bank bolsters Wichita lending team

Christy Almquist was brought in as a mortgage loan originator after spending nearly the past 12 years working for Sunflower Bank in McPherson.
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Lending head in court over mortgage fraud

While it is true that a timeshare contract is a binding legal document, it is often mistakenly thought that such a contract cannot only be cancelled. In fact
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Don't buy your new home without this

If you're winding down on a home purchase, it's easy to think of title insurance as just another line item in an otherwise costly and paper-heavy
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Fannie Mae: Sweeny Denies Government "Privilege" Claims

The documents in question ential pre-conservatorship projections for Fannie Mae and Freddie Mac, housing reform discussions with the White House,
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How a Lending Circle Architect Became a 'Genius'

Mission Asset Fund has helped people build their credit by formalizing the informality of lending circles. The John D. and Catherine T. MacArthur
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Medallion Financial Corp. Announces Sale of Its Asset Based Lending Division, Medallion …

NEW YORK–(BUSINESS WIRE)–Medallion Financial Corp. (Nasdaq:MFIN) announced today that Medallion Bank, the Company's unconsolidated
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Small lender groups split on deeper cover PMI

Small lender groups split on deeper cover PMI

… a good idea to allow the private mortgage insurers to take on the lion's share of the default risk on loans purchased by Fannie Mae and Freddie Mac.
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Offset mortgage: a saviour for savers?

As savings rates continue to fall, savers with a mortgage may find solace in the offset mortgage, which combines their mortgage with their savings and
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RPT-MOVES-JP Morgan hires Saletti to head EMEA real estate, gaming

LONDON, Oct 4 (IFR) – JP Morgan has hired Massimo Saletti from Deutsche Bank to become its head of real estate, gaming and lodging for
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Manhattan's housing market is slowing down

In the luxury end of the market, fewer apartments with “aspirational prices” that would … It's still more profitable for builders to put up luxury housing.
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One in eight self-employed borrowers rejected for mortgage: Nottingham BS

One in eight self-employed borrowers have been rejected for mortgages or remortgages, Nottingham Building Society has found. A study found 12 per
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Virgin Money slashes mortgage rates

Peter Rogerson, commercial director for mortgages at Virgin Money, said: “The reductions we have made to our range ensure that we continue to offer
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Expect high demand but lower-than-normal supplies in the fall housing market

The Washington metro area began the 2016 real estate season with about 700 more homes on the market compared to the year before — a
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Negative Equity In The Chicago Area Real Estate Market

Last week I posted on how the real estate market in the Chicago area could not possibly be in a housing bubble since it hasn't fully recovered from the
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Australias building approvals drop modestly in August, but housing market remains strong

The robust data reinforce the strength in other housing indicators. Both house price growth and auction clearance rates have rebounded recently,
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New stress test could put monolines at a disadvantage

The really interesting question has to be: It talks about all insured mortgages,” Ron Butler, a broker with Butler Mortgage, told MortgageBrokerNews.ca.
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Shortage of real estate appraisers is hurting the housing market

While the US housing market might be experiencing a healthy rebound, the road to homeownership is being hampered by the growing shortage of
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Exclusive: Houston real estate school to launch new course in artificial intelligence

Real estate agents can now juggle multiple clients with the help of an emerging technology called artificial intelligence — akin to Apple's Siri or
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Toronto buyers drive real estate prices up in Cambridge, Kitchener, Guelph

Industry watchers predict Toronto buyers will continue to drive prices up in Waterloo Region's already red-hot real estate market, even as “for sale”
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Mortgage Rates Today, Tuesday, Oct. 4: Moving Up, Mortgages Paid on Time

Thirty-year and 5/1 ARM loans rose, while 15-year fixed loans remained the same, according to a NerdWallet survey of mortgage rates published by
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'Breath-taking' North Wales mortgage fraudsters made £4m from scam

THE brains behind one of Britain's biggest mortgage frauds made more than £4 million each out of the illegal venture. A total of five people were
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Metro Vancouver real estate sales cool, but prices remain stable

The number of homes sold in Metro Vancouver continued to drop last month, but the benchmark price remained stable, according to new numbers
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Despite Rising Prices, More Signs Of A Slowing Manhattan Real Estate Market

It's increasingly becoming a buyer's market in Manhattan. After years of growth, home sales in New York's priciest borough continues to show signs of
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Cala to build on recovery in Aberdeen housing market

Aberdeen's housing market has “stabilised” in the wake of the oil price collapse, although builder Cala Group said will wait for further proof that sales
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Op-Ed: These 6 cities are at the greatest risk of housing market bubbles

So it is hardly any wonder that major urban housing markets are again overheating, just a few years after the last major wave of global correction.
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What Ottawa's new mortgage rules could mean for Canada's banks

New housing measures unveiled by Finance Minister Bill Morneau on Monday that aim to tighten mortgage rules and reduce the flow of foreign cash
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Leading Commercial Real Estate Group Launches New Website

Leading Commercial Real Estate Group Launches New Website

Developers for BeauTodd.com created the mobile-friendly website to be the authority on commercial real estate market trends, stats, and closings in
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Strong fundamentals to shield Turkish banks from possible Deutsche Bank default

As speculation grows about a possible bailout or bankruptcy for Germany's troubled banking giant Deutsche Bank, prominent Turkish economists
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Barriers to condo mortgages may be coming down, but details remain to be set

It also wants to revive what are called “spot loans” — mortgages for individual units in condo buildings that haven't received blanket certifications from
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Feds announce $4.25M settlement with mortgage lending company

NEWARK — A Utah-based mortgage lender will pay $4.25 million to settle allegations it violated the False Claims Act by issuing loans that didn't meet
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OCC enjoys sec lending summer growth

The Options Clearing Corporation's (OCC) securities lending volume grew by 29 percent in new loans in September, compared to the same time last
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Fed Study: Minority Mortgage Applicants Held Back by Lower Credit Scores

Most mortgage lenders stopped approving applicants with these lower scores following the housing bust. In 2014, some 90% of approved mortgage
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Manhattan real estate sales declining, according to two new reports

The real estate agency said Manhattan home hunters are setting their sights on listings that are under $3 million and are more inclined to go for resale
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BRIEF-Nippon Healthcare Investment to buy real estate at 710 mln yen

COLOMBO, Oct 4 Sri Lanka will pay $170 million to AerCap Holdings NV, the world's largest independent aircraft leasing company, for cancelling four
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Insider Buying: VPC Specialty Lending Investments PLC (VSL) Insider Acquires 76489 Shares of …

VPC Specialty Lending Investments PLC logo VPC Specialty Lending Investments PLC (LON:VSL) insider Richard Levy bought 76,489 shares of the
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Utah mortgage companies to pay nearly $10 million settlement

SALT LAKE CITY (AP) – Two Utah mortgage lenders will pay a total of nearly $10 million to settle allegations that they approved borrowers without
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Offset mortgage rates fall to 2.30%

Fixed rate offset mortgages now average at just 2.30%, down from 2.60% last year and 3.53% the year before, Moneyfacts data shows. Typical offset
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Riverside's first growth lending fund closes at $50 mln

The Riverside Company said Oct. 4 that it first growth lending fund has closed at its $50 million target. Riverside Acceleration Capital (RAC) will
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Realtors Want Banks To Lower Lending Rates After RBI Move

New Delhi: Hailing the Reserve Bank of India's move to cut the repo rate at the time of festivals, realty developers and consultants said the central
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U.K. Reboots $20 Billion Sale of Mortgages After Brexit Break

The British government restarted the sale of as much as 15.7 billion pounds ($20 billion) of Bradford & Bingley mortgages after the process was
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Government Announces Further Mortgage Restrictions

The federal government has announced further restrictions that will make it more difficult for some borrowers to get mortgage loans and make it more
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Payday Lenders Must Cough Up $1.3 Billion

LAS VEGAS (CN) — A federal judge ordered payday lenders that refused to settle with the Federal Trade Commission to pay $1.3 billion for
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Wydr ties up with lending partners for festive season

The partnership that is based on preferential rates offers retailers access to easy and collateral free working capital loan from the lenders with
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Senior Product Manager – Residential Mortgages

View details & apply online for this Senior Product Manager – Residential Mortgages vacancy on reed.co.uk, the UK's #1 job site.
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Rates have come down more in case of new lending: Urjit Patel

The MCLR (Marginal Cost of funds-based Lending Rate) calculation itself will now throw up more transmission. One thing to distinguish is that
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CapMan appoints a Real Estate Investment Director in Denmark

CapMan Real Estate Press release 4 October 2016 at 1:00 p.m. CEST / 2:00 p.m. EEST. CapMan appoints a Real Estate Investment Director in
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ANZ CEO doubts demand for tracker loans

ANZ CEO doubts demand for tracker loans

ANZ chief executive Shayne Elliott says the bank would have to charge a premium to mitigate the risk of offering tracker mortgages linked to the cash
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Precise Mortgages adds Right to Buy products to range

Precise Mortgages managing director Alan Cleary (pictured) says: “The Right to Buy range builds on our previous support of the Help to Buy Equity
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Snapshots Of The U.S. Housing Market

US housing prices have recovered so that they are more or less back to the long-run trend that existed before the price bubble of the early 2000s.
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95% of banks still lending in UK post-Brexit vote

The willingness to lend against UK commercial property will not be impacted by the result of the UK's decision to leave the European Union, according
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New mortgage rules could dampen housing market, agents warn

Anna Seifried and Matt McLennan are in the market for their first home — and, the couple hopes, their last one: a place big enough to raise their child
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European shares fall led by utilities, real estate; Tesco soars

The utilities and real estate indexes, which tend to outperform when yields contract because sector stocks offer a stable income stream, were down 1.4
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TS downtown bank to open soon

Josh Guttau, CEO of TS Banking Group, right, speaks to customers and board members during a preview tour of the TS Bank's newest facility, 43 Scott
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INVESTMENT CLINIC: I've inherited £50000. Should I use it to overpay on my mortgage or to start …

It is very important that you check the terms of your mortgage before you … Choice: Should one use an inheritance to overpay one's mortgage or to
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How Donald Trump and other real-estate developers pay almost nothing in taxes

The figure is a sensational one, but the Republican presidential nominee would be far from the only real-estate magnate to find ways of exploiting the
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RBI cuts lending rate by 25 bps to 6.25 per cent

The Reserve Bank of India (RBI) on Tuesday cut the repurchase (repo) or the short-term lending rate by 25 bps to 6.25 per cent from 6.50 per cent
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Realtors want banks to lower lending rates after RBI rate cut

New Delhi, Oct 4 () RBI should impress upon banks to pass on benefits of the rate cut to customers by lowering interest on home loans for boosting
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Mixed use mortgages in Maine

looking to refinance my mixed use building in Freeport Maine – Let TD Helps show you how you can reach your goals.
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Leeds Building Society launches more flexible home lending products

Demand from borrowers for more flexible home lending products has resulted in more offerings from the Leeds Building Society with the aim of
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Self-employed 'still struggling for mortgages'

The dream of being self-employed may be less of an ideal when it comes to getting a mortgage judging by new research for the Nottingham Building
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RBI may review lending rate regime of banks

The Reserve Bank of India on Tuesday said it may review the Marginal Cost of Funds Based Lending Rate (MCLR) implementation by banks.
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Key lending rate cut lifts equity markets

Mumbai, Oct 4 (IANS) Reduction in a key lending rate, coupled with short covering and value buying, swelled the Indian equity markets on Tuesday.
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India: Central Bank Cuts Key Lending Rate

The Reserve Bank of India cut its short-term lending rate from 6.50 percent to 6.25 percent on Oct. 4, The Economic Times reported. The rate is India's
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As Austin, Dallas Housing Markets Heat Up, Houston Cools

As the country's housing markets continue to recover from the Great Recession, cities in the Sun Belt are leading the way, at least according to one
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Ciminelli Real Estate buys 11 Elmwood properties

Ciminelli Real Estate has completed a deal to purchase 11 properties in the area of Elmwood Avenue including the former J.P. Bullfeather's restaurant
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International P2P Lending Services – Loan Volumes September 2016

The following chart lists the loan originations of p2p lending marketplaces in September. This month I added Crowdestate. Funding Circle, Ratesetter
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(NSW) Direct Lending Specialist (Fixed Term 12M)

(NSW) Direct Lending Specialist (Fixed Term 12M)

1 x Direct Lending Specialist (Fixed Term 12 Month Contract) * Rotational roster – daily hours fall between the hours of Monday to Friday 8:30am -6pm
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Ride out of high street to avoid banking fraud, jockeys told

The body said that due to the losses – thought to be a six-figure sum – and “given the ineptitude of the major high street banks in preventing the fraud
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China's Southern Megacities Roll Out Measures to Cool the Property Market

China's southern megacities of Guangzhou and Shenzhen are the latest centers to impose new measures to cool their overheated real estate markets,
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PRA's BTL changes to open the door to second charge mortgages

The new changes in buy-to-let (BTL) underwriting standards is expected to open up more opportunities for the second charge mortgage market.
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P2P lending: A new opportunity for investors eyeing regular income

Simply put, P2P lending platforms act as an intermediary between borrowers and lenders (read: investors) and charge a fee for the service.
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BRIEF-Activia Properties to buy real estate at 4.37 bln yen

BEIJING, Oct 5 China's southern megacities of Guangzhou and Shenzhen are the latest centres to impose new measures to cool their overheated real
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FTC Scores Record Judgment in Case Over Payday Lending Scheme

The U.S. Federal Trade Commission has scored a record $1.27 billion judgment against race car driver Scott Tucker and several of his companies as
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Real Estate Assistant

Relationships That Work SM Our strong market connections support your confidential career transition and professional growth plans with challenging
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Payday lending focus of two Nov. 8 ballot questions

Initiated Measure 21 would cap the interest rate a short-term lender could charge at 36 percent, a level that industry representatives say would drive
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The Housing Sector Shows Little Promise

The housing picture is not brightening and most likely will not because the benefits of historically low interest rates are mainly behind us. The future of
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EDFM reviews real estate investment's alternatives for 100 acres

The East Delta Flour Mills (EDFM) reopened its real estate investment file and formed a committee to discuss ways to utilise the company's assets,
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Do you have home ownership dreams….We have mortgage solutions.

We're NOT just another Lender! Mortgage Solutions made easy. We are a full Spectrum Mortgage lender, with many programs to choose from. We at
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Brazil bank worker strike becomes longest since 2004

SAO PAULO A month-long strike by Brazilian bank workers has become the longest in 12 years, underscoring the impasse between employers and
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ANZ boss faces bank inquiry in Canberra

ANZ chief executive Shayne Elliott says he wouldn't object to the government ordering Australian banks to offer so-called tracker mortgages, but
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ECB's Praet: Drop in bank stocks may hit lending

European Central Bank board member Peter Praet warned on Tuesday that a persistent drop in eurozone bank stocks could curb lending to firms and
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India's central bank cuts key lending rate to 6.25 percent

NEW DELHI – India's central bank has cut its key interest rate by a quarter of a percentage point, taking rates to the lowest they have been since late
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The fight over new payday lending rules gets nasty

Federal regulation of the payday loan industry is on the table, and the latest proposal has all sides seething. Short-term payday loans, often for $500 or
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EMIs to Fall as RBI Cuts Lending Rate by 0.25%

Reserve Bank of India today cut policy rate by 0.25 per cent to 6.25 per cent. All six member of the Monetary Policy Committee voted in favour of the
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RBI cuts lending rates by 25 basis points

Reserve Bank of India slashed key lending rates by 25 basis points in its monetary policy review on Tuesday. Now, the repo rate or the lending rate
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Quiros mortgages condo, looks to pay lawyers $1M

Ariel Quiros's legal bills are mounting, prompting him to mortgage his New York City condo and ask a federal judge to allow the use of those funds to
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ANZ Pleads Diminishing Returns as Aussie Bank CEOs Face Hearings

ANZ Pleads Diminishing Returns as Aussie Bank CEOs Face Hearings

Australia & New Zealand Banking Group Ltd. Chief Executive Officer Shayne Elliott said that lender returns Down Under are declining, as he became
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It's Not a Banking Crisis – This is Just a Learning Process says ECB Member

The ECB Governing Council member Ewald Nowotny said there is no banking crisis. “We are in a transition and learning process.” KR. ANSWER: Well
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Australian bank reinstates traders still under legal cloud

CANBERRA, Australia – An Australian bank chief executive told a parliamentary committee that traders implicated in market manipulation allegations
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Japanese banking giant inks $28M in loans on Doral and Brickell luxury property

Sumitomo Mitsui Banking Corp. has had a busy couple of days. The Japan-based banking giant closed two mortgages – one for $22 million on a
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Deutsche Bank, RBS's robot teller and blockchain meets Wall Street

Patrick Jenkins and guests discuss Deutsche Bank's torrid week, RBS's new robot teller, and a US company that is using blockchain to make capital
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Cities try to cool overheated property market

China's local governments are introducing new policies to rein in soaring housing prices by preventing property speculation. In the last week, a total of
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Moody's maintains stable outlook on Germany's banking system amid resilient operating environment

Frankfurt am Main, October 05, 2016 — Moody's Investors Service's outlook for the German banking system remains stable, reflecting the rating
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Single Women Are Struggling In The Melbourne And Sydney Housing Markets, Reports Say

A lower average income and higher housing prices is contributing to homelessness.
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Trust in banking sector stable but low; higher in own bank; improved client centricity

Trust in banks has remained stable compared with last year, but is still low. Clients tend to place more trust in their own bank than in the banking
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BRIEF-Japan Retail Fund Investment completes buying real estate at 3.55 bl…

SYDNEY, Oct 4 Commonwealth Bank of Australia chief executive Ian Narev said on Tuesday the bank will ensure it corrects mistakes made on
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India's central bank cuts key lending rate to 6.25 percent – KMIR News | Palm Springs, California

India's central bank has cut its key interest rate by a quarter of a percentage point, taking rates to the lowest they have been since late 2010.
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Industry welcomes government's housing plans

Christian Faes, co-founder and CEO of online mortgage lender LendInvest, said: “Relying on large housebuilders to deliver the homes we need is
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Revealed: How long it takes to get a deposit for a mortgage together

SURGING rents and the Central Bank lending rules mean it now takes up to four years to save for a deposit to get a mortgage for a Dublin property.
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Singapore's luxury property may finally be 'cheap'

All the obstacles facing Singapore's property market might not be cleared, but one dark cloud over the luxury end has disappeared, analysts said.
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As The Comment Period Comes To A Close, Legislators Diverge On Payday Lending

That's how many days are left for the public to comment on the CFPB's draft payday lending regulations. First proposed in early June of this year – the
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RBI cuts key lending rate to 6-year low under Governor Urjit Patel

Mumbai: The Reserve Bank of India in its monetary policy review today slashed its key lending rate or repo rate by 25 basis points to a six-year low of
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New Underwriting Standards to Maintain Discipline in Buy-to-Let Mortgage Market

The Prudential Regulation Authority's (PRA's) new underwriting standards will maintain discipline in the buy-to-let mortgage market, according to
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12% of self-employed rejected for first-time mortgages

Up to 12% of self-employed borrowers have been denied access to a first-time mortgage or remortgage since they started working for themselves,
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How fashion is lending its support to World Animal Day

Artist Bina Aziz has always been an ardent animal lover. A trip to the Masai Mara safari in Kenya last year not only gave her the subject for her next
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Watch Real Estate Perform New Song "Harpsichord" In Atlanta

Since founding guitarist Matt Mondanile left the band to focus on his Ducktails project, Real Estate have been touring and working on new material
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