Multiple forces fuelling Vancouver real estate market, CMHC says

Multiple forces fuelling Vancouver real estate market, CMHC says

Multiple forces are fuelling the Vancouver region's real estate market and it is unclear how much impact foreign buyers may be having on prices,
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Foreign Buyer Tax Underlines Pre-Existing Trends in Vancouver Housing Market

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Oct. 6, 2016) – Canada Mortgage and Housing Corporation (CMHC) released a Housing Market
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Vancouver housing already slowing before foreign-buyer tax -CMHC

The CMHC report said foreign money was only one factor driving Vancouver's housing market, and the extent to which foreign buyers have impacted
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London property: Sadiq Khan should beware of overseas investor crackdown

… of London, is launching a comprehensive inquiry, the biggest ever undertaken, into the impact of overseas investment on the city's property market.
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Xerox Mortgage Services' Future Branding Remains Unclear

While Xerox Mortgage Services will become a part of Conduent, the company that will incorporate Xerox's business process outsourcing division, it is
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Freddie Mac: Mortgage Rates Still Extremely Attractive

Releasing the results of its primary mortgage market survey, Freddie Mac said that the 30-year fixed-rate mortgage or FRM averaged 3.42 percent for
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Brazil Real Estate Property Prices Fall Against Inflation

According to latest FipeZap survey, in the last twelve months, twenty of Brazil's biggest cities have seen property prices drop in real terms, with Rio de
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Buy-to-let mortgage tax relief battle backed by Cherie Blair hits the skids as court refuses full …

Landlords campaigning against the hacking back of mortgage tax relief were dealt a bitter blow today. The Administrative Court did not grant
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Albania's c-bank chief expects lending growth of over 3% in 2016

TIRANA (Albania), October 6 (SeeNews) – Albania's central bank expects credit growth in 2016 to exceed last year's level of 3%, the bank's governor
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Current Mortgage Rates for Thursday, October 6, 2016

The yield on the U.S. 10-year treasury note is the best market indicator of where mortgage rates are headed. If the yield goes up or down, typically that
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Food bank burns mortgage

The food bank, which purchased its building in 2009, paid off its mortgage three years ahead of schedule. They marked the occasion with a
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Bankrate: Mortgage Rates Notch Higher

NEW YORK, Oct. 6, 2016 /PRNewswire/ — Mortgage rates moved higher this week with the benchmark 30-year fixed mortgage rate rising to 3.56
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Online banking surge could mean goodbye, local branch

What it soon won't have, however: a bank. The town's only financial institution, First Niagara Bank on Main Street, shutters its doors on Friday.
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Atlanta housing market beginning to feel effects of fall following 'strong summer season'

According to Alpharetta, Ga.-based RE/MAX of Georgia Inc., the median price for all homes sold in September was $219,000, which is 4 percent lower
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Morneau Says Any Mortgage Risk Sharing Measures Would Be Gradual

Canadian Finance Minister Bill Morneau said any changes to rules on how lenders share mortgage risk would be “well-thought out” and “gradual.”.
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Fed buys $10.9 billion of mortgage bonds, sells none

A security guard walks in front of an image of the Federal Reserve following the two-day Federal Open Market Committee (FOMC) policy meeting in
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Red Rock Real Estate's Acquisition of Paragon Real Estate Will Impact the Southern Utah Market

GEORGE, Utah, Oct. 6, 2016 /PRNewswire/ — Red Rock Real Estate and Paragon Real Estate have reached a definitive agreement to unite. When the
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Mortgage rates hold steady near record lows More creative loans for hard-to-qualify borrowers

WHAT I THINK: Last week I wrote about novel and new loan programs that I learned about at the annual Las Vegas mortgage brokers' convention.
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What Stays? What Goes?

He is a residential and reverse mortgage financing expert and a deal maker with over 26 years' industry experience. Carl and his team will help you
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Cary Brownley Rejoins Hunt Mortgage Group as Director

NEW YORK, Oct. 06, 2016 (GLOBE NEWSWIRE) — Hunt Mortgage Group, a leader in financing commercial real estate throughout the United States,
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Canara Bank, Kotak Bank cut lending rates by up to 0.1 per cent

Canara Bank, Kotak Bank cut lending rates by up to 0.1 per cent

NEW DELHI: State-owned Canara Bank, Indian Bank and private sector Kotak Mahindra Bank today cut lending rates by up to 0.1 per cent, following
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BNN's Daily Chase: New mortgage rules cast shadow on alternative lenders, marijuana's hot market

At 10:10 a.m. ET, we'll get a warning from Sherry Cooper, chief economist at Dominion Lending Centres. She says moves will hamper mortgage
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Bank of Mum and Dad should set rules on its lending

There is an element of emotion involved, ranging from a sense of duty right up to emotional blackmail – “If you love me why wouldn't you lend me the
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5 Solid Justifications so as to Why You Should Refinance Your Mortgage

Homeowners often refinance a mortgage by paying off an existing loan in order to replace it with a new one. Many reasons call for a mortgage
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Seven & I to Divest Department Stores, Forms Real Estate Arm

The real estate company being set up this fiscal year will explore redeveloping property occupied by struggling general merchandise stores into
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Opinion: Huge egos undermine star fund managers

… later, AIG AIG, -0.30% But his reversal of fortune came from outsized positions in barking dogs like Fannie Mae FNM, -0.65% Freddie Mac FMCC,
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After Wells Fargo, the Banking Industry Needs the Blockchain

However, it is the banks themselves that should take this opportunity to change the status quo and regain customer trust by leveraging innovative new
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Cook County Explores Blockchain with Real Estate Tech Startup Velox

Cook County, Illinois will become the first government agency in the United States with a pilot program to reference conveyances and other
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Prop. W would raise some real estate taxes to make CCSF free

San Francisco voters in November will choose whether to raise taxes on real estate sales and transfers over $5 million, which would generate enough
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Myanmar banking group KBZ seeks insurance arm listing, fintech ally

KBZ's banking arm, meanwhile, is seeking a partnership with a financial technology company to boost digital and mobile banking solutions across the
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ISLA: Opaque post-trade must change

“The nature of securities lending is that it is a small part of most businesses activity, meaning that businesses might be investing in data but that might
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Bank of Canada backs Ottawa's bid to cool housing market

The Bank of Canada is endorsing the Trudeau government's efforts to cool the country's debt-fueled housing market. “Over time, the measures
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Philippine housing sector to continue growth but funding remains a barrier

Officials at the National Housing Mortgage Finance Corp. (NHMFC)'s Philippine Housing Finance Conference 2016 estimate a 5.7 million backlog for
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Hurricane Matthew is about to slam Donald Trump's most prized real estate

Mar-a-Lago, the country club in West Palm Beach that is one of Donald Trump's marquee pieces of real estate, is at risk of sustaining damage due to
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Billions of dollars of Jacksonville real estate at risk from storm surge

As Hurricane Matthew approaches the Florida Coast, thousands of homes are in its path representing billions of dollars of real estate. CoreLogic
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PayNet Releases MasterScore for Alternative Lending

PayNet, Inc., the nation's small business credit expert, announces the release of the new PayNet MasterScore for Alternative Lending, the first ever
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Petition launched

Those preventative measures are; Standardizing lending criteria for high- and low-ratio mortgages, including a mortgage stress test, closing tax
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How to Tell If a Home Price Index Is Useful

With the myriad home price indices available to the mortgage industry, … right now that the national market or national price indices are overheated,”
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First National Sees Hit to Net Income on Canada Housing Rules

First National has slumped almost 20 percent since Finance Minister Bill Morneau unveiled measures to tame Canada's housing markets on Monday,
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Transition Into Fall With an Outdoor Room

Transform your backyard into a living space you can enjoy even as the weather cools down.
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Average U.S. 30-year mortgage rate unchanged at 3.42 percent

Average U.S. 30-year mortgage rate unchanged at 3.42 percent

FILE – In this Tuesday, Sept. 13, 2016, file photo, a home is listed for sale in Surfside, Fla. On Thursday, Oct. 6, 2016, Freddie Mac reports on the
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B of A Terminates Origination Agreement with PHH

PHH also announced in late August that it would lose nearly a third of its subservicing portfolio after HSBC Bank sold the mortgage servicing rights on
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Health care, real estate stocks pull stocks lower on Wall Street

NEW YORK • Health care and real estate stocks are leading an early decline on Wall Street as the market gives back some of a gain from the day
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Dream house up in smoke? New lending rules will have impact on first-time buyers

Ottawa moved this week to tighten mortgage lending rules that will limit the amount many Canadians can borrow to help ensure that when interest
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While U.S. housing inventory falls, the number of Houston homes for sale is on the rise

Not being able to find a home at all. The U.S. housing market has collectively seen a home inventory decline for the fifth consecutive quarter, the
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Mortgage rates settle in ahead of employment report

Mortgage rates were flat this week despite long-term Treasury yields reversing course. After dipping to 1.56 percent a week ago, the yield on the
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Capital punishment

In response it swiftly slimmed down its lending arm, GE Capital. … adjusted asset figure), in the past 18 months, covering more than 25 lending units.
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one in four 'stretch the truth' in mortgage applications

More than a quarter of borrowers admit to “stretching the truth” when applying for a mortgage, according to “disturbing” findings of a new survey of
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Erste Group Bank AG (EBKDY) Downgraded to Hold at Zacks Investment Research

… credit and mortgage lending, investment banking, securities and derivatives trading, portfolio management, project finance, foreign trade financing,
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Swedbank Taps Lotta Loven as its Head of Digital Banking

Swedbank Taps Lotta Loven as its Head of Digital Banking. Loven steps into the newly created role of Head of Digital Banking after 9 years with the
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CFPB Approves Revised Uniform Residential Loan Application

The Consumer Financial Protection Bureau (“CFPB”) has issued an official notice that the new Fannie Mae/Freddie Mac Uniform Residential Loan
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Atlanta and Houston real estate firms merge, plan new REIT

Its Houston-based assets will be put into a publicly traded real estate investment trust, or REIT, called New Parkway, which will be based in Houston.
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Attorney General Madigan Reaches $3.5 Million Settlement with Lender for Selling Product with …

Chicago —(ENEWSPF)–October 6, 2016. Attorney General Lisa Madigan today announced she is cracking down on lenders in Illinois that are illegally
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Stock Worth Mentioning Today: Starwood Property Trust Inc (NYSE:STWD) Institutional Investors …

The Firm is focused primarily on originating, acquiring, financing and managing commercial mortgage loans and other commercial real estate debt
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ISLA: Post-trade revamp essential to efficient lending

A panel at the ISLA Post-Trade Conference made up of representatives from some of the largest banking entities in the securities lending market
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UBS CEO: Deutsche Bank not indicative of Europe's banking system

Unlike most, UBS Chief Executive Sergio Ermotti does not consider Deutsche Bank to be a serious threat to the stability of European banks.
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Some alternative lenders suspending operations amid Ottawa's new mortgage rules

While economists are waiting to measure the impact of Ottawa's new mortgage rules on home sales, the fallout on alternative mortgage lenders has
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China's Housing Boom Looks a Lot Like Last Year's Stocks Bubble

China's surge in home prices reminds JPMorgan Asset Management's chief Asia market strategist of last year's stock market mania. Spiraling leverage
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Bakhtar Bank chooses JMR Infotech to implement core banking system

JMR Infotech, a leading technology solutions and services provider, today announced that Bakhtar Bank has selected the company to implement core
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Dollar Bank: Delivering a better omni-channel banking experience

As customers become more omni-channel in their banking – interacting with the bank in the branch, online and on mobile – they expect a smooth
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Conversion of CHF denominated mortgages becomes Romanias key electoral debate

Conversion of CHF denominated mortgages becomes Romanias key electoral debate

Huge housing mortgages in Swiss Francs have seen double-digit appreciation causing immense hardships to debtors who have been struggling to
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Average US 30-year mortgage rate unchanged at 3.42 percent

Mortgage giant Freddie Mac says the average for a 30-year fixed-rate mortgage was unchanged from last week at 3.42 percent. The benchmark rate is
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Veteran Phoenix real estate investor turns focus to small cities, towns in Bible, Rust belts

Chuck Hodge is looking for greater real estate investing returns in smaller cities and towns in states such as Ohio, Indiana, Alabama and Georgia.
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Rise of real estate revives PropertyGuru listing

Investors' seemingly endless romance with both tech and property stocks will get yet another opportunity to blossom, with regional real estate portal
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Short Interest Coverage: How Analysts Feel About Ally Financial Incorporated (NYSE:ALLY) After …

The stock of Ally Financial Incorporated (NYSE:ALLY) registered a decrease of … Finance operations, Insurance activities and Mortgage operations.
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Real estate agency fined for creating an 'illusion of a bargain'

A MELBOURNE real estate agency has been fined $330,000 plus costs for creating the “illusion of a bargain” by underquoting on 11 properties in the
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Mortgage Rates Today, Thursday, Oct. 6: Notch Higher, Refinance Savings Missed

Mortgage rates for 30- and 15-year fixed loans and 5/1 ARMs continue to head north, according to a NerdWallet survey of mortgage rates published by
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Wall St. Sinks, Weighed by Health Care and Real Estate Stocks

The Nasdaq composite index dropped 0.44 percent. EARLY MOVERS Health care and real estate stocks led the early decline. Mylan shares slumped
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Jeff Fox: Lights, camera, action – and noise

Newton County Abstract & Title Co. celebrates 120 years of business … to help celebrate the Newton County Abstract & Title Company's 120 years in
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American Street Capital Arranges $3.8M in Financing for Multifamily Property in Hazel Crest, Illinois

The loan features a 20-year term and was funded through the Freddie Mac Small Balance Program. Built in 1988, the 90-unit property consists of 15
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Brightstar Financial partners with Axis Bank UK to expand services

Axis Bank UK provides financial services for large and mid-corporates, retail businesses and buy-to-let mortgages for individuals and limited
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Banks/Lenders Being Acquired – Tax Implications; Servicing Trends; FAQ on Diversity Assessments

… into a complimentary today from National Mortgage Professional Magazine and … In other banking news, since it may impact several large correspondent … Many independent mortgage banks don't exactly make money servicing
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my first phone-banking experience

in the past I have done numerous different political organizing, voter registration, and voter education activities, but today was my first phone-banking
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Huttig Building Products: A Microcap Housing Play With Catalysts

HBP is a wholesale (two-step) distributor and fabricator for the domestic residential housing market – meaning it purchases building products such as
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Mortgage Rates Flat Even Though 10-Year Treasury Yield Rises

In contrast, the 30-year fixed-rate mortgage remained unchanged,” said Sean Becketti, chief economist at Freddie Mac. “Over the past two weeks,
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Treliant Solutions Executes Rapid Release of 2015 HMDA Data in RiskExec

“In today's regulatory environment, it is critical for lenders to understand how their lending profiles differ from peers'. That's why we have made it a
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Dream house up in smoke? New lending rules will impact first-time homebuyers

OTTAWA — Canada's first-time home buyers may have to shelve their dream house fantasies due to lending changes announced this week by the
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Is It Time for Real Estate Investors to Hit the Panic Button? That's What They Want You to Think

Real estate investing is a long-term proposition. One does not usually do well by rapidly entering and exiting the market, as a market timer investor
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Better Homes and Gardens Real Estate Enters California's Central Valley Market with GoldLeaf …

Better Homes and Gardens® Real Estate announced today the addition of GoldLeaf Real Estate Properties to its international franchise network,
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Banking Bonus Payment

Don't forget check @2x and press “L” FOLLOW ME ON: Twitter / Behance Instagramm BUY MY DESIGN ON: CREATIVE MARKET.
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10 people killed and 35 injured after banking

10 people killed and 35 injured after banking

This is the warning from the South African Banking Risk Information Centre (SABRIC)‚ which has expressed concern at the loss of life of bank clients
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European private debt comes of age

Direct lending has been thriving in Europe, with fundraising exceeding the US, as banks retreat from lending and investors seek out the relatively high
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Mortgage rates hold near recent lows, Freddie Mac says

“Over the past two weeks, mortgage rates have remained fairly flat while Treasury yields have fallen and risen,” Freddie's chief economist, Sean
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What the banking inquiry means for shareholders

Our “Big Four” bank chief executives might be some of the best paid corporate executives in the country, but they've been earning some of that money
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LPC: Bank fees from US leveraged lending sink to 4-year low

The $5.24 billion of fees banks made on leveraged lending fell 27 percent from the same three quarters last year to the lowest level since $4.73 billion
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Hot Toronto real estate market means paying more, new mortgage rules could give you less buying …

In this hot Toronto real estate market where every penny counts, some buyers could find themselves with less borrowing power because of new
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Hot real estate market cools RateHub's need for financing deal made on Dragons' Den

At the time, she was consulting for financial services companies in the U.S. and Laird was working at a mortgage brokerage. “I knew the model worked
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Bank Of America: Deteriorating Capital Position And Declining Investment Banking Revenues

The bank still has one of the most asset-sensitive balance sheets, but the market expects only one rate increase from now through the end of 2017.
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Business am: Local real estate market edges higher, BC poised to be Canada's economic leader

Housing prices edge up: The metropolitan Montreal real-estate market saw another rise in prices and activity in September. The median price for
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Climate Change Could Sink Two Million Homes — but Few Take Note

Knowledge@Wharton: We have seen a strong recovery in the housing market since the bubble of 2007-2008. Prices have been on the rise in a
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Letter: Is the housing market building for a fall?

It is noted that the booming Boston economy and soaring housing prices are forcing people to seek housing in northern Rhode Island communities.
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Five lessons from the parliamentary banking review

There are plenty of lessons to be learned from the parliamentary review of the big four banks, but for the purposes of this exercise let's focus on the top
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Freddie Mac: Mortgage rates hold steady at 10-week low

Mortgage rates remained relatively flat this week as the market awaits Friday's employment report, according to Freddie Mac's weekly mortgage rates
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Moody's Says Hong Kong Property Rebound Adds to Banking Risks

Hong Kong's property market rebound creates potential risks for the mortgage books of the city's banks, according to Moody's Investors Service.
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Bank of Lithuania and Revolut team up for payments

Bank of Lithuania, the country's central bank and regulator, has signed a memorandum of understanding with UK-based payments and fintech start-up
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Hot Housing Market Continues

Key2SeattleRealEstate.com) Wallingford and Tangletown continue to be highly sought after by today's home buyers. It is no wonder with our
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Is Sydney really at risk of a property bubble bursting?

Brace yourself. After a surge in prices over the past five years, Sydney is facing a 'housing bubble' according to UBS Wealth Management's latest
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Is Saudi Government Micromanaging the Banking Sector?

NBAD Securities MD Mohammed Ali Yasin discusses the challenges facing Saudi Arabia's banking system with Yousef Gamal El-Din on “Bloomberg
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Notable Reporting: Here is What Institutional Investors Think About Old Republic International Corp …

Old Republic International Corporation is a holding company. … General Insurance Group, Title Insurance Group and the Republic Financial Indemnity
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Mortgage Rates Largely Unchanged

MCLEAN, VA, Oct 06, 2016 (Marketwired via COMTEX) — MCLEAN, VA–(Marketwired – Oct 6, 2016) – Freddie Mac (otcqb:FMCC) today released the
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Madigan reaches settlement with payday lender for illegal fees

Attorney General Lisa Madigan announced a settlement Thursday with a northwest suburban Elgin payday lending company that illegally sold loans
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UK housing market could be entering a buy-to-let crisis, according to RICS

The UK will need an extra 1.8 million rental homes by 2025, according to new research by the Royal Institution of Chartered Surveyors (RICS).
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Does a REIT Provide the Same Sort of Diversification as Owning Real Estate?

Can you buy a REIT stock like American Tower for same diversification purposes as plain, old real estate?” I have no idea how to answer that question
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Westpac's Brian Hartzer warns against 'tracker' mortgages

Westpac chief executive Brian Hartzer has warned against the introduction of so-called tracker mortgages, which he said posed a big risk for banks in
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What are the Triad's hottest housing markets?

Granted, four of those saw the price slip by less than $1,100, but the others saw more substantial changes. Greensboro's 27408 ZIP Code, home to
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U.S. Bank Increases SBA Lending 7.9 Percent to $838 Million in FY 2016

The fifth-largest bank in the country, U.S. Bank maintained its rank as the third-largest SBA lender by volume and fourth-largest lender by units, with
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Notable 13F Reporting: Vaughan Nelson Investment Management LP Has Upped First Amern Finl …

According to Zacks Investment Research, “First American Financial Corporation provides financial services through its Title Insurance and Services
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NAB boss: housing prices not too pricey

The chief executive clarified his answer by suggesting the bank closely monitored booming housing prices in Sydney, which have left thousands of
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Karur Vysya Bank revises marginal cost based lending rates

Karur Vysya Bank revises marginal cost based lending rates

Karur Vysya Bank revises marginal cost based lending rates … The bank declared its marginal cost of funds based lending rate (MCLR) for one year at
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Analysis. Mortgage lenders in Romania deploy different strategies over debt discharge law

After banks issued a common warning that the residential real estate market could come to a standstill due to the debt discharge law, months after the
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Overheated Dutch housing market a problem for first-time buyers

The overheating Dutch housing market is making it harder for first-time buyers to enter the market, according to realtors' association NVM.
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Housing super-cycle has 'probably' peaked

The Citi numbers are not that different from a recent Deutsche Bank Market Research Australian Housing Update note, that predicted housing starts
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New BTL rules 'will cause spike in five-year fixes'

Speaking on the day of the announcement, Keystone Buy to Let Mortgages managing director David Whittaker said: “Today's new underwriting
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The Director Compensation Project: Federal Home Loan Mortgage Corporation (“Freddie Mac,” or …

This post is part of an ongoing series that examines the way stock exchange independence rules relate to director compensation. We are for the most
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Moody's: Property market rise adds to Hong Kong banks' latent risks

Hong Kong, October 06, 2016 — Moody's Investors Service says that the rebound in Hong Kong's property market is a negative development for the
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Buy-to-let landlords face tougher lending regime

Lenders have until January 1 to introduce tougher new requirements for buy-to-let borrowers, under a deadline set by the Bank of England. Lenders
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NXT Capital Closes $900MM Middle-Market Direct Lending Fund

NXT Capital, LLC announced the final closing on approximately $312 million in equity for NXT Capital Senior Loan Fund IV, L.P. When coupled with
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Broker Roundup For Two Harbors Investments Corp (NYSE:TWO)

Recently some investment brokers have made changes to their outstanding price targets on shares of … The Company is focused on investing in, financing and managing residential mortgage-backed securities (RMBS), residential
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In Kenya: T-bill yields slide after lending rate cap, floor seen at 7 pct

A decision by Kenya's government to cap commercial lending rates has stoked appetite for short-term government debt, pushing down yields on
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Worth Watching Stocks: JPMorgan Chase & Co. (JPM), KeyCorp. (KEY), Regions Financial …

JPMorgan Chase & Co. operates as a financial services company … as commercial mortgage loans for middle market clients comprising consumer,
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The real estate sector is roaring again … but how should you invest?

By all measures, the real estate sector, along with the rest of the economy, is roaring again. Just look at median home prices of existing homes. In July
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Mole: Atomic number

Yet when Corden started the craze, little did he know it would capture the imagination of the mortgage industry's very own Dale Jannels and the staff at
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Lenders try to side-step buy-to-let borrowing crackdown

The Bank of England has borne out on its threat to crack down on buy-to-let lending but lenders and landlords are already eyeing ways to get around
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Former real-estate executive to serve community sentence for multimillion fraud

CALGARY – A former real-estate investment executive who pleaded guilty to his part in a multimillion-dollar fraud will not be serving time behind bars.
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New mortgage rule changes and what they mean for you

New mortgage rule changes and what they mean for you

Effective Oct 17th, the qualification rate will apply to all insured mortgages, not just those taking terms shorter than 5 years or choosing variable terms.
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FBI Agents Serve Search Warrants at Montecito Real Estate Company's Lompoc Call Center

Lompoc police joined the FBI and other agencies Wednesday in serving search warrants at a call center on North V Street in Lompoc. Three locations
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Canada's largest banks warm to sharing mortgage risks

Canada's largest banks are quietly embracing Ottawa's new mantra to share some risk in the country's mortgage system, a fundamental shift that
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Orange County to get $2.3M from real-estate auction

Orange County stands to gain $2.3 million from its real-estate auction held … The two-day auction included 128 tax-delinquent properties from 2016,
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Stocks Trend Analysis: Exelixis, Inc. (EXEL) U.S. Bancorp (USB) Ally Financial Inc. (ALLY)

U.S. Bancorp, a financial services holding company, provides a range of … It also engages in the management of held-for-investment mortgage loan
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Direct mortgage lending in branch drops by half as intermediary sales flourish

More lenders have been investing in their digital offering over the last 12 months, the report revealed, as direct and in-branch video links to mortgage
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Now's the Time to Pay Off Debt

Fixed-rate debt, like most mortgages and some student loans and car loans, isn't affected by rising rates. If you've got variable-rate debt, however, from
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Toronto home sales are still rising as Vancouver's drop

“If you're foreign buyer who is looking for where to park your money, there is a significant difference in home prices between Vancouver and Toronto,”
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Chemung Financial Corp (NASDAQ:CHMG) Latest Broker Views

06/06/2016 – Chemung Financial Corp was downgraded to “hold” by … commercial, commercial real estate and residential mortgage loans, mainly in
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NPL offerings auctioned

Freddie Mac has sold via auction 5,364 deeply delinquent non-performing loans from its mortgage-related investments portfolio (SCI 12 September).
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May pledges to repair housing market

Building more homes “means using the power of the government to step on and repair the dysfunctional housing market”. “It means using public sector
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Bank of Scotland tops mortgage complaints table

arrow down houses graph Bank of Scotland was the most complained about mortgage lender in the first half of 2016, followed by Santander, HSBC,
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Experts: Housing isn't running out of steam despite low inventory

Experts: Housing isn't running out of steam despite low inventory

Mortgage applications are stuck in limbo as inventory stifles any housing demand in the market since Americans don't see the point in applying for a
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China's easy loans expected to drive home prices, despite tightening

… higher mortgage downpayments for second and third time home buyers, … expressed concerns over rising debt and banks' exposure to mortgages.
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Albert Fried under new management

Albert Fried expanded into prime lending in 2013, giving the prime broker the capability to provide both securities lending and select prime services to
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Whirlwind of Activity for Apollo Commercial

Apollo provided a $105 million first mortgage loan secured by the brand-new, 612-key DoubleTree Times Square West hotel in Manhattan.
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ISLA: Brexit will leave UK in legal limbo

A 'hard' Brexit will leave UK-based securities lending businesses in a regulatory no man's land, according to speakers at the International Securities
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Melbourne real estate agency slapped with record fine of $330k for selling the 'illusion of a bargain'

Consumer Affairs Victoria, which prosecuted Hocking Stuart Richmond, initially sought $750,000 from the real estate agency, but Justice Middleton
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UK government prop up housing market with £2bn fund to buy unsold homes – Livesquawk

The fund comes as part of the Chancellors £5bn housing and construction fund initiative announced at the party conference. From that £2bn was to be
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IPsoft's Cognitive Agent Amelia Takes on Pioneering Role in Banking with SEB

SEB, one of Sweden's largest banks, is the first brand in global banking to adopt IPsoft's cognitive technology platform, Amelia. Today, Amelia provides
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Limited company buy-to-let purchases reach 63%

The number of landlords choosing to structure their property deals via limited companies is on the rise, as buy-to-let mortgage data reveals these now
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Consumer credit continues to stabilise, and unsecured lending shrinks further

CONSUMER debt appears to be stabilising further, and credit issuers appear to be adopting a more cautious approach, data from the National Credit
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Urban markets see price hikes after real estate growth

Urban markets see price hikes after real estate growth … The housing market trends are making a difference in the luxury real estate market with
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RBS, NatWest and SEB banks employ virtual staff

RBS, NatWest and SEB banks employ virtual staff

Customers at Royal Bank of Scotland and NatWest may soon be sorting out issues with help from a virtual chatbot. Web-based Luvo will be able to
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Banking inquiry: eight things we learned from the chief executives

The CEO's of Australia's big four banks: (clockwise from top left) Commonwealth Bank's Ian Narev, ANZ's Shayne Elliott, NAB's Andrew Thorburn and
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FCA to study effect of rising intermediated mortgage sales

Speaking at The Mortgages Conference in London, Christopher Woolard, executive director of strategy and competition at the FCA, said respondents
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New-age lending: Three startups you should keep an eye out for

Millennials and GenY are warming up to financial technology to take care of short-term finances. This new-age lending format is, to an extent, already
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Sunset District real estate sizzling more than any other SF neighborhood

San Francisco's Sunset District appears to be the newest “hot” neighborhood for real estate, with the median price of homes sold at $1.2 million,
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Australian banking inquiry set to pave way for more consumer-friendly rule…

The inquiry is the first time the banks' CEOs have been summoned in what is set to be regular testimony at least once a year as politicians responded
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Property Market Boom in Tijuana Attracting San Diego Residents

The cheaper cost of living and comparatively low housing prices in Tijuana is attracting many residents from San Diego to buy homes in the Mexican
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CRDB controls 20 pc of total lending fund

The bank's Director of Credit, Anderson Mlabwa, said the bank has loaned out 3.6tri/- out of 15.8tri/- of total lending in the country as at the end of June
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