Pillar Originates $4.5M Freddie Mac Loan for Refinancing of Multifamily Property in Indianapolis

Pillar Originates $4.5M Freddie Mac Loan for Refinancing of Multifamily Property in Indianapolis

INDIANAPOLIS — Pillar has originated a $4.5 million Freddie Mac loan for the refinancing of 9000 Westfield Apartments in Indianapolis. Originally
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Mobile Banking Gives a Big Boost To Kenya's Poor

Now residents are skipping traditional banks, too. In the past decade, mobile money has reached 96% of Kenyan households, with 110,000 “agents”
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Higher Rates Create Obstacles for Millennial Homebuyers: Fitch

Rate increases have cut down millennial borrowers' mortgage capacity by 9% since the beginning of October, Fitch said Thursday. And if rates go
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Mortgage Rates Jan. 13: Bump Up; Foreclosures Hit 10-Year Low

Thirty- and 15-year fixed mortgage rates rose noticeably today, while 5/1 ARM rates rose by a hair, according to a NerdWallet survey of mortgage rates
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How to avoid blowing your banking pay and get out by 45

How to avoid blowing your banking pay and get out by the age of 45 (or … Ten years ago, young people in banking expected to work a 15-year stint.
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Veteran presented with new mortgage-free house

Operation Homefront created the Homes on the Homefront program with the assistance of corporate partners to award mortgage-free homes to our
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China's big banks, after record write-offs, poised for recovery

BEIJING/HONG KONG (Reuters) – China's big state-owned banks are poised to modestly accelerate profit growth and see a steady recovery in their
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Banks' retreat from Asia a worrying example

The retreat from Asia of Australia's big banks would seem to be in full swing. The Australia and New Zealand Banking Group is selling its 20 per cent
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For Banking App Monese, Founded To Serve Migrants, Brexit Has Been Good For Business

When he moved to the United Kingdom 17 years ago, he was denied a bank account because he didn't have a British credit history or utility bills.
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McEntire returns to Bank 34 mortgage

McEntire officially re-joined Bank 34 in December as a Mortgage Loan Originator. She is now working with Bank 34 in providing financial services in
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Irish mortgage rates almost twice euro zone average

The average interest rate on new mortgages was 3.38% in November, which is almost double the equivalent euro zone rate of 1.72%. However, new
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People Movers of the Week: Jan. 13

Holliday Fenoglio Fowler has expanded its Phoenix office with the hiring of Brad Miner as a director. He will focus on debt and equity placement
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Stock market buoyed by better-than-expected bank earnings

U.S. stocks rose on Friday, with financial stocks leading the way higher after earnings by some of the country's biggest banks reassured investors that
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Loan Talk Second Charge Mortgage Awards 2016: The winners

Loan Talk Second Charge Mortgage Awards 2016: The winners

Among the evening's most decorated winners was Shawbrook Bank, which was proud to receive 'Second Charge Mortgage Lender of the Year', 'Best
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Vida launches specialist residential mortgage range

Vida Homeloans has launched a new specialist residential mortgage range, including two-year variable rates from 2.99%, two-year fixed rates from
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Morning Briefing: Young homebuyers facing weaker mortgage acceptance

Fitch Ratings says that the mortgage capability of millennials has slipped 9 per cent since rates started edging up late last year and hit a two-year high
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Starwood Property Trust (STWD) : Berson Corrado Investment Advisors Boosts Position by $7712963

Starwood Property Trust (STWD) : Berson Corrado Investment Advisors Boosts Position by $7712963

… acquiring financing and managing commercial mortgage loans commercial … The Company's Lending Segment represents investments in real
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Short Interest Alert: Is Buying Ally Financial Incorporated (NYSE:ALLY), Having Higher Short …

It currently has negative earnings. The Firm operates through three divisions: Automotive Finance operations, Insurance activities and Mortgage
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Wells Fargo Q4 earnings miss estimates as retail banking revenue falls

Wells Fargo & Co. said Friday fourth quarter net income sank 6% as the embattled banking giant continues to dig out from the aftermath of its sales
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Wells Fargo Reports $5.3 Billion in Quarterly Net Income

Mortgage banking noninterest income was $1.4 billion, compared with $1.7 billion in third quarter 2016. Residential mortgage loan originations were
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Primer on HUD and Carson Testimony, Thoughts on MIP Cut, and Reduced Government Footprint

HUD is integral to mortgage lending and plays an important role in supporting NAMB's goal of consumer protection through clear regulation and
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Institutional Sentiment In Focus For Shares of Investors Title Company (NASDAQ:ITIC)

According to the latest SEC Filings, institutions owning shares of Investors Title Company (NASDAQ:ITIC) have decreased their positions by -11.76%.
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Bank of America tops 4Q profit forecasts

This Monday, July 18, 2016, photo shows a Bank of America ATM in Woburn, Mass. On Friday, Jan. 13, 2017, Bank of America Corp. reports financial
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Channing Capital Management LLC Lowers Stake in First American Corporation (The) (FAF)

Shell Asset Management Co. acquired a new position in First American … The Company's segments include Title Insurance and Services, Specialty
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Kenya's Banking Acquisition Deals Hit Sh23 Billion in Three Years

Nairobi — Kenya's banking sector has had acquisition deals worth about Sh23.3 billion in the last three years. The acquisitions, which had an average
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Bank of Korea cuts growth outlook as scandal hits economy

Women pass by sale signs at a shopping district in Seoul, South Korea, Friday, Jan. 13, 2017. South Korea's central bank lowered its forecast for the
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Wells Fargo Benefits From Higher Rates, Plans to Reduce Expenses

Mortgage revenue declined 15 percent from a year earlier to $1.42 billion, missing some analyst estimates. Oppenheimer & Co.'s Chris Kotowski
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Traders Watch list: Ally Financial Inc. (ALLY), Discovery Communications, Inc. (DISCA), Exact …

Ally Financial Inc. (ALLY) saw its value increase by 0.1% as the stock … It also engages in the management of held-for-investment mortgage loan
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Biz Brain: Do I have to pay back a reverse mortgage?

Q. I had to file Chapter 13 bankruptcy in 2010, and it was discharged in July 2015. I want to sell my home this year and I have a reverse mortgage that I
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Channing Capital Management LLC Has $64196000 Position in IBERIABANK Corporation (IBKC)

The fund owned 956,442 shares of the company's stock after buying an … LLC now owns 12,356 shares of the company's stock valued at $829,000 after … Lenders Title Company, an Arkansas-chartered title insurance and closing
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What Airtel Payments Bank's cash withdrawal charges mean for you

(From left) Bharti Enterprises chairman Sunil Bharti Mittal, finance minister Arun Jaitley and Kotak Mahindra Bank executive vice-chairman Uday Kotak
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John Brown University, Ark. Foodbank, and Mortgage Rates: Your Arkansas Business Headlines

Mortgage buyer Freddie Mac said yesterday that the rate on 30-year fixed-rate loans fell to an average 4.1 percent from 4.2 percent last week.
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Exclusive Q&A: Cypress Equity Investments CFO Talks Trends In Multifamily

Exclusive Q&A: Cypress Equity Investments CFO Talks Trends In Multifamily

In 2001, I had an opportunity to join Cypress Equity Investments, an entrepreneurial real estate company focused on multifamily investments. I started
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Vida Homeloans launches residential ranges

Louisa Sedgwick, director of sales, mortgages, at Vida Homeloans, said: “We've received a fantastic response from the market since launch and are
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House prices third most expensive in the UK for South West first-time buyers

In 2006, just over a third (36 per cent) had mortgages lasting beyond the traditional 25-year period. In 2016, 60 per cent of mortgages were for 25
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First-time buyers hit highest level since crisis

The number of first-time homebuyers opting for 30 to 35 year mortgages instead of the traditional 20 to 25 year mortgages has dropped, suggesting
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BALA Awards Shine a Spotlight on Top Design Trends for 2017 and Beyond

BALA Awards Shine a Spotlight on Top Design Trends for 2017 and … BALA winners showcase top design trends that home buyers can expect to see … wood beams left in their original state add a natural touch to homes and … Real Estate Government & Public Policy Press Releases for Homeowners &
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Household Induction Cook-tops Market – Global Industry Size, Share, Growth, Trends, and Forecast …

Moreover, with trend of modular kitchen being promoted by real estate developers for their projects, this demand is further expected to go up in the mid
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Mortgage rates drop for second straight week

Freddie Mac's latest mortgage market survey shows mortgage rates falling for the second straight week as Treasury yields moved lower.
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5 Trends That Are Creating the Sustainable Property Framework

However, in the UK we have a worrying trend of reducing government … We are optimistic that the real estate industry will continue to embrace the
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PNC Bank, Capital One: Interest Rates for Home Mortgages Jan 13, 2017

The best 30 year fixed rate mortgage interest rates can be had for 4.250% at PNC Bank (NYSE:PNC) with an APR of 4.426%. The typically lower FHA
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New buy to let lending bounced back in fourth quarter of 2016

After the Brexit vote in the summer and concerns about changes to stamp duty for additional homes the number of mortgages for new purchase fell in
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6 Banking Trends That Will Affect Your Wallet in 2017

6 Banking Trends That Will Affect Your Wallet in 2017

New banking trends are on the horizon, and they are likely to affect your finances. Experts have said several significant shifts might affect consumers in
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Rapid inventory drops, gradual price gains for Lehigh Valley housing market in 2016

In 2016, the Lehigh Valley housing market saw inventory tighten and prices gradually rise. For example, inventory declined 43 percent in December to
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UK banks have a racial discrimination problem. It's time they admitted it

It's no surprise that black victims of fraud are more than twice as likely to be denied a refund. Banks must take action to restore minority communities'
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Should you pay your mortgage with a credit card?

Paying your mortgage with a credit card may be a reasonable option for you, but it requires planning and care — as well as a willing mortgage
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Demonetisation: After Notebandi, banks flush with money, but companies in no shape to borrow

“Demonetisation has made banks flush with funds, and they will lend it to productive sectors.” – Power Minister Piyush Goyal, November 26, 2016.
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Business Analyst – Core Banking Systems

This position will provide business analysis to identify, map and document business rules for data from multiple Bank systems to a corporate enterprise
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Bank of America beats on the bottom line, misses on the top

Fourth-quarter bank earnings kicked off on Friday with Bank of America, which reported earnings per share of $0.40 on revenue of $20.22 billion.
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Wall Street Gets Early Win as House Tries to Ease Swaps Rules

The House bill requires the CFTC to perform a rigorous economic analysis of … transactions they had entered into that were tied to the housing market.
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Old Republic International Corporation (ORI) : Churchill Management Corp Boosts Position by …

These coverages are provided to businesses Government and other institutions. Title Insurance Group's business consists of the issuance of policies
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UK housing market: Brickmaker Forterra's (LON:FORT) share price jumped over four per cent after …

Oliver Gill is a City A.M. reporter, you can contact me on oliver.gill@cityam.co [..] Show more. Follow Oliver. Allstate 400. In the US, some people like to
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Bank of America posts earnings of 40 cents a share, vs 38 cents expected

Bank of America reported fourth quarter earnings Friday that topped expectations and said it expects a “significant increase” in net interest income for
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JPMorgan and Bank of America Drop Huge Clues U.S. Housing Recovery Is in Trouble

That may be music to the ears of traders in names tethered to the U.S. housing market such as home-improvement retailer Home Depot (HD) and
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Irish mortgage rates still nearly double euro area average

Mortgage interest rates in Ireland used to closely reflect the main ECB lending rate, primarily because of the high proportion of tracker mortgages
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With Finie, Apple's Siri could transform banking

Imagine if you could use Siri to request a detailed breakdown of your bank accounts, or find and pay for financial products using Apple Pay.
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Bank of America Q4 income beats estimates on interest income gain

Bank of America said Friday its fourth quarter earnings rose and beat analysts' estimates on an interest income gain and higher trading revenue.
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Keep Fannie Mae and Freddie Mac until they are no longer needed

Keep Fannie Mae and Freddie Mac until they are no longer needed

In September 2008, Fannie Mae and Freddie Mac were placed in a federal governmental conservatorship. The crisis-induced rise in mortgage
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How's the Market?: How to price your house without adding an emotional surcharge

When you decide to sell your house, it can be hard to let go emotionally, because many of us associate our house with the memories we created there:
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Carson Says 30-Year Mortgage May Not Need Government Backing

(Bloomberg) — Ben Carson, President-elect Donald Trump's nominee for the top U.S. housing-policy job, told lawmakers that he questions the need for
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Mortgage Rates on the Rise in Southern Arizona

A countrywide analysis from the National Association of Realtors shows that the mortgage payment on an average home in Pima, Cochise and Santa
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This phishing scam poses as a charity email, delivers Ramnit banking Trojan malware

Cybercriminals are attempting to infect people with bank data stealing Ramnit malware by using phishing emails pretending to come from a charity.
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Rate rise modestly impacted home affordability

The recent rapid rise in mortgage rates has had only a modest impact on the monthly cost of mortgages in most counties, but homebuyers in high-cost
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Mortgage availability tipped to increase in early 2017

Mortgage availability tipped to increase in early 2017

Mortgage availability is expected to increase during the first three months of … Lenders also reported that the availability of non-mortgage credit to
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4 reasons luxury real estate will flourish in 2017

Luxury real estate agents should start 2017 with enthusiasm — they have reason to be optimistic about their sector. This year will bring its share of
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Housing Outlook 2017: Trump's Mortgage Nation

A new year brings new uncertainties, but 2017 brings a new President and administration with not just an unknown level of change, but an unknown
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Local real estate market still hot

The Greater Owensboro Realtor Association reported this week that 1,516 houses sold last year for a combined $214.1 million. That's up 6.31 percent
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Worldpay founder to launch challenger bank to focus on fintech

The founder of payments group Worldpay is to launch a new “challenger” bank in the UK after being given the greenlight by city watchdogs.
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Travis named chairman of TN House Insurance, Banking panel

Ron Travis, R-Dayton, was named the new chairman of the state House Insurance & Banking Committee Thursday by House Speaker Beth Harwell,
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A Treasure Trove of Mortgage Data

Luckily, Uncle Sam has a huge treasure trove of data you can use. Information from the Home Mortgage Disclosure Act (HMDA) database is at your
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The challenges of the banking sector

Major banks are rolling out their latest earnings reports. DW spoke with Jörg Rocholl, President of ESMT, about the banking sector. He says that its full
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House passes Wagner proposal in GOP push to cut banking, investment rules

Democrats say the real goal of Wagner's legislation is to swamp Wall Street regulators — by giving banks and investment firms more opportunities to
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Demonetisation slows down Chennai real estate sales

CHENNAI: The fourth quarter of the calendar year is usually the most hectic time when it comes to real estate sales in Chennai. With the festive season
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Argentina clinches $6 billion loan deal with 6 banks

BUENOS AIRES, Argentina (AP) — Argentina's government says it has struck a deal to borrow $6 billion from a group of six banks. Finance Minister
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The 10 hottest US real estate markets in 2017

Real estate services company Zillow projects that three of the five largest U.S. cities will have below-average growth this year. Instead, the real estate
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Friday newspaper round-up: Hard Brexit, mortgages, retailers

The Halifax said that in 2016, about 28% of all first-time buyers with a mortgage opted for a 30- to 35-year term – up sharply from 11% in 2006.
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Mike Pero may have to pay back $1.5m after giving himself a pay rise

NZME reports Mike Pero Mortgages and Mike Pero Marketing agreed in 2011 that Mr Pero would be paid $200,000 a year for his executive role with
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UBS's Asia Investment Bank Head Joseph Chee Said to Resign

Joseph Chee, UBS Group AG's Asia investment-banking head, has resigned, according to people with knowledge of the matter. Chee, who spoke just
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7 Jacquelyn Street Rangeville Qld 4350

7 Jacquelyn Street Rangeville Qld 4350

Fantastic Family Home, Handy to High St Plaza Shops and Cafes. 3 bedrooms House for Sale. $375000. 7 Jacquelyn Street Rangeville Qld 4350.
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Govt takes measures to stabilize Chongqing's property market

Housing authorities in Chongqing said average residential property prices and transaction volumes were stable in recent months, amid reports that
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131 Cracknell Rd, Tarragindi, Qld 4121

Two Outstanding Homes in One . 4 bedrooms House for Sale. Offers over $985000. 131 Cracknell Rd, Tarragindi, Qld 4121. Listed by RE/MAX
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4 Parkland Avenue Browns Plains Qld 4118

4 bedrooms House for Sale. Contact Agent. 4 Parkland Avenue Browns Plains Qld 4118. Listed by Your Address Real Estate – Browns Plains.
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62 Wendon Way Bridgeman Downs Qld 4035

Lowset on the Park. 4 bedrooms House for Sale. For Sale. 62 Wendon Way Bridgeman Downs Qld 4035. Listed by Calibre Real Estate – Brisbane.
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156 Morala Avenue Runaway Bay Qld 4216

OWNERS PURCHASED ELSEWHERE, IT IS TIME TO SELL!. 5 bedrooms House for Sale. Auction. 156 Morala Avenue Runaway Bay Qld 4216.
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How renters should prepare for homeownership.

I never considered any financing other than a fixed-rate amortizing mortgage, so I was already priced out by 2003. The world of mortgage innovation
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Mortgage Loan Officer

Mortgage Loan Officer. Summary. PenFed is hiring a Mortgage Loan Officer in Richmond, VA . The primary purpose of this job is to develop and
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The average Brit could pay off their mortgage ten years early by abstaining from alcohol and …

LONDON — The average British person could pay off their mortgage ten years early if they abstained from alcohol and cigarettes, according to
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37 Adelaide Street Rooty Hill NSW 2766

… House for Sale. Contact Agent. 37 Adelaide Street Rooty Hill NSW 2766. Listed by Nidus Group Real Estate – Rooty Hill . Features: Garage Spaces.
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Fannie Mae Economists: Rising Rates Damp Housing Outlook for 2017

Fannie Mae Economists: Rising Rates Damp Housing Outlook for 2017

Donald Trump's victory in the election surprised investors as they quickly re-evaluated the possible economic effects of a presidential candidate who
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Cashed-up investors flock to Coast

Interstate buyers are outbidding foreign investors for Gold Coast property, spurred to purchase in the tourist capital by red hot prices in southern
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Ohio foreclosures hit 10-year low

Mekael Teshome, PNC economist and assistant vice president, said housing markets in Dayton and Southwestern Ohio may not be “at full strength yet
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Where are house prices heading in 2017? Experts take their punts

If you're not sure about which way the housing market is going to go in 2017, bear in mind the experts remain pretty divided too. In its housing
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Health of Housing is Rising in the East

REO BH The housing market in Ohio, Western Pennsylvania, Northern West Virginia, and Eastern Kentucky is turning around, as a recent report
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Metro Denver home prices more overvalued than any time since the 1980s

Metro Denver home prices are more overvalued than at any time since the early 1980s, but the chances of them declining over the next two years
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Trade Me property stats confirm Nelson asking prices hit record highs

Nelson is hitting record highs in average asking prices for homes, the latest Trade Me Property Index figures confirm. The statistics for December 2016
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This forecast isn't pretty for Southern California home prices

“Affordability will be a top concern during 2017, particularly in the West, where rapid price growth during the housing recovery has pushed prices out of
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Commercial real estate notes

Commercial real estate notes

McAlister's Deli in the purchase of the 5,128-square-foot retail building at 2180 North Highway 67, Florissant, from Noles Properties.
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Expect area real estate to remain a seller's market in 2017

Brian Rossow of Rochester's Property Brokers of Minnesota says this market forces Realtors to be on high alert all the time to help their buyers.
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Zillow grows online real estate empire with Hamptons Real Estate Online acquisition

Zillow Group, which already boasts Zillow, Trulia, StreetEasy, and Naked Apartments in its portfolio on online real estate companies, is growing again
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ICBA Mortgage

ICBA Mortgage (ICBAM) provides community banks access to mortgage lending, products and services through strategic secondary market lending
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Lot Lines: Real estate in 2017

I wish I was as optimistic about the real estate market as I was about our state football teams. I also wish I shared in the enthusiasm of the Federal
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Average real estate commissions have dropped to low 5 percent range

That's the conclusion of Real Trends Consulting Inc., a research and advisory company that monitors hundreds of realty brokerage firms and compiles
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Sharp rise in first-time buyers taking mortgages lasting at least 30 years

The average price first-time buyers are paying hit a new high last year, passing the £200,000 mark for the UK as a whole, and rising above £400,000
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