Credit Suisse settles mortgage bond case for $5.3 billion

Credit Suisse settles mortgage bond case for $5.3 billion

NEW YORK – Credit Suisse (CS) is paying $5.3 billion to settle claims that it misled investors about the quality of mortgage-backed securities it sold in
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US Bancorp (USB) Q4 Earnings Beat on Improved Lending

U.S. Bancorp's USB fourth-quarter 2016 earnings per share of 82 cents came a penny above the Zacks Consensus Estimate. Also, earnings increased
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Notional loss: MMR lost ₹9100cr in real estate sales from Oct to Dec 2016

The total loss incurred by the real estate sector in India was Rs22,600 crore. Of this — suffering a loss of around Rs9,100 of which — MMR
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Luxury Condo Developers Talk Lower East Side Real Estate at Sunshine Cinema

The developers building four luxury condo projects on the Lower East Side got together with more than 300 real estate brokers this morning at the
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Daniel Landau

At Sovereign Associates Real Estate we strive to put you in the perfect apartment. Come see how our experienced brokers can help you in to the
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The J.G. Wentworth Company (JGWE: OTCQX U.S.) | J.G. Wentworth Home Lending™ Named …

Mortgage loans are offered by J.G. Wentworth Home Lending, LLC NMLS ID # 2925 (www.nmlsconsumeraccess.org), 3350 Commission Court,
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Real Estate 101: Why You Should Negotiate a Casualty Provision

Unfortunately, the risks of a real estate deal are not limited to due diligence matters and the fear of petroleum bubbling out of the parking lot (which
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National Real Estate Franchise Reports 'Shattering' Q4 and Year-End Records

As real estate firms begin to reveal their final numbers for 2016, Austin, Tex.-based giant Keller Williams has detailed its numbers for last year,
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How OCC's Fintech Plan Can Make CRA Relevant Again

The Community Reinvestment Act is experiencing a midlife crisis. The CRA – which Congress passed 40 years ago to encourage financial institutions
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Prominent regional banks merge in $190 million deal

Metropolitan BancGroup Inc., parent company of Metropolitan Bank, will merge into Renasant Corp. (NASDAQ: RNST), parent company of Renasant
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Will Rising Rates + Looser Regs = Excess? Possible, But Doubtful

In past cycles, when interest rates rose and origination volume was harder to come by, mortgage lenders relaxed underwriting criteria, undercut each
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Hong Kong Property Tax May Help End Singapore's Housing Slump

So says Cushman & Wakefield Inc., which expects the slide in the city-state's home prices to end this year as foreign investors turned off by Hong
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Over $4 Billion in Freddie MSRs For Sale

The offering includes MSRs on 23,856 Freddie Mac mortgages with an aggregate unpaid principal balance of $4.046 billion as of Dec. 31, 2015.
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Trump Team Said to Plan Delay of FHA Premium Cut

Assuming Trump signs his executive order, his nominee for HUD secretary, Ben Carson, will have time to review the mortgage insurance premium
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Zillow's co-founder on the future of real estate

“I see our role at Zillow Group as building a platform of magical technology that the players in the industry all dance on,” said Richard Barton …
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Leasing and Property Manager – Commercial Real Estate

The Leasing and Property Manager will be primarily focused on leasing and managing industrial real estate starting in the Dallas, TX region and then
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Mortgage Loan Officer – Team Leader

Mortgage Loan Officer – Team Leader CheerLending – Gilbert, AZ Mortgage Loan Officer – Team Leader: Company Overview: CheerLending believes
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Mortgages

Suncoast offers comprehensive mortgage lending solutions with low rates & closing costs to help you finance your home. Learn more about Suncoast
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Hamptons Cheat Sheet: Corcoran broker and his lover sued for fraud, Zillow buys database …

Zillow now owns the yin to StreetEasy's yang. The real estate database giant acquired the platform, Hamptons Real Estate Online, or HREO last week.
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Mortgage Rates Jan. 18: Up Slightly; Big Banks Accused of…

Mortgage rates made small moves this morning, with 30-year fixed and 5/1 ARM rates ticking up a hair, and 15-year fixed rates holding steady for the
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MOODY'S: Australia's housing boom has made mortgages safer

MOODY'S: Australia's housing boom has made mortgages safer

Moody's Investors Service, in its latest analysis, says the loan to value ratios for Australian residential mortgages have fallen because of rising house
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Remortgaging lending rises by 21% in 2016

The total value of remortgage lending topped £65.7 billion in 2016, an increase of 21% year-on-year, according to LMS research. The total number of
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Bank merger could lead to West End, Cool Springs branch closings

Renasant Corp. has agreed to buy fellow Mississippi-based Metropolitan BancGroup Inc. in a deal that should boost its Nashville area loan portfolio to
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Commercial property: 10 trends to look for in 2017

A two-tier market will continue with investors having one eye on domestic demand and the other on general global real estate demand, bond yields,
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Tacloban tagged as pilot for anti- '5-6' lending program

This rate is significantly below the hefty 20 percent per day, week, or month charged by “5-6” lenders. It is also lower than what is charged by most
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BoI approves NAFDAC number for lending to SMEs

Again, to further capture more cottage firms for funding, last week; it signed a memorandum of understanding with NAFDAC to fast-track lending to
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Illinois AG alleges fraud at Navient, country's largest student loan company

Illinois Attorney General Lisa Madigan is alleging the country's largest student lender of “widespread abuses” and “loans designed to fail.
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EDITORIAL COMMENT : Time to make banking simple, exciting

Innovation helps the financial services sector to rid itself of processes that delay the banking public and in the process increase charges. Investing in
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Resanant to buy bank for $190M

The Tupelo-based bank says acquiring Metropolitan's $1.2 billion in assets will boost its market share, making it the fifth-largest bank in the metro
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Technical Investor Update on Shares of Artis Real Estate Investment Trust (AX-UN.TO)

At the time of writing, the 14-day ADX for Artis Real Estate Investment Trust … Investors may use various technical indicators to help spot trends and
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Austin area's 2016 home sales, median prices set records

It was the sixth straight year of record sales and prices in the Austin metro area. Economists are predicting a strong housing market for 2017, though
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What are the Levels Showing for Shares of Investors Real Estate Trust (IRET)

Investors will commonly use Williams %R in conjunction with other trend indicators to help spot possible stock turning points. Investors Real Estate
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JPMorgan Chase Settles Mortgage Discrimination Lawsuit; Audio Excerpt

JPMorgan Chase is settling charges that independent brokers working for the bank discriminated against minorities seeking home mortgages.
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UK house prices: Property market 'faltered' at end of 2016

Activity in the housing market “faltered” during December, said the Royal Institution of Chartered Surveyors (Rics). A survey by Rics of its members
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Property market to consolidate further

KUALA LUMPUR: The property market in Malaysia is expected to remain flat this year as the outlook continues to be challenging, according to real
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What Is a Streamline Mortgage? The Easy Way to Refinance Your Home Loan

The term “streamline mortgage” sounds too good to be true, doesn't it? … as their name suggests, they can fast-track your financing so it's a breeze.
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Housing market slows in December as supply crunch continues

The UK's housing market showed signs of weakness in December, as the number of property sales fell as uncertainty and a shortage of supply kept
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Housing finance data: here's a heads up on where the market is heading

'The big mystery in the housing price puzzle is interest rates – a puzzle that has become rather more difficult to unravel with the election of Donald
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Credit Suisse Becomes the Latest to Settle

According to an “agreed-upon statement of facts” issued by the DOJ, Credit Suisse told investors in offering documents that the mortgage loans it
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Free ATMs could start charging fees as banks squabble over costs

Free access to cash is under threat as banks as banks and other organisations fall out over who pays to maintain Britain's network of ATMs. Banks
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Homeownership Crucial for 'A Stable Democracy': Departing Ginnie Chief

Homeownership Crucial for 'A Stable Democracy': Departing Ginnie Chief

We've been successful in building Ginnie Mae's prominence up. What do you see as the biggest challenges moving forward for the mortgage industry
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West Coast Real Estate Update: January 2017

Los Angeles City Council Member Jose Huizar has proposed a new set of rules that could make it more difficult for owners of historic properties in Los
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More than 400 jobs to go at Clydesdale and Yorkshire Bank, Unite says

National officer Rob MacGregor said: “Staff across the Clydesdale and Yorkshire Bank will be devastated to learn that 79 branches will close and
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Current housing market presents a 'considerable risk'

Australian residential property prices have grown by 7.4 per cent per year and have not experienced a broad decline since 1991, prompting the
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Surveyors expects positive 2017 for NI's housing market

HOUSE sales in Northern Ireland are expected to increase over the next three months, according to surveyors. The latest Royal Institution of Chartered
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Credit Suisse Resolves U.S. Mortgage Probe for $5.3 Billion

“Credit Suisse made false and irresponsible representations about residential mortgage-backed securities, which resulted in the loss of billions of
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Kleinbank Girds for Fight Over Redlining Claims

Only 1% of the more than 5,800 mortgage applications Justice Department officials studied were originated in census tracts where the majority of
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Ex-Utah County real estate guru Koerber faces new Ponzi charges in $100M case

Koerber ran a series of entities grouped around his Franklin Squires Cos. and Founders Capital, through which he taught a real estate investment
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Halliday Joins NBT Bancorp as President of Commercial Banking

In her new role, Halliday will assume overall responsibility for NBT's Commercial Banking Division. “We're excited by the opportunity to have Sarah
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Home List 5 Major Lending Institutions That Paid Millions For Discriminating, Taking Advantage of…

A government investigation uncovered 34,000 cases where Wells Fargo charged Black and Hispanic borrowers higher fees and rates on mortgages
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Elizabeth Warren Blasts Bankers. Why Would She Want One Running Education?

One might argue that banking experience is more important now than it was before, when student loans were federally guaranteed but were otherwise
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Sources: Trump plans repeal of FHA mortgage insurance premium cut

One source told HousingWire that repealing the FHA premium cut is on the list of things that the Trump administration plans to review and/or roll back
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HouseCanary raises $33 million in funding

Earlier in 2016, HouseCanary made HousingWire Magazine's Tech100, an award reserved for the 100 most innovative technology companies in
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County makes top 10 list of tightest housing markets

In another sign of the challenge facing local home buyers, a new study ranks Sonoma County as one of 10 communities in the U.S. with the most
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Surety & Title Insurance: Fidelity National Financial, Inc. (NYSE:FNF) Position of the day

Outlined as the total market value of all unsettled shares of the company, the current market cap for the Fidelity National Financial, Inc. (NYSE:FNF)
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Banking Millennial Entrepreneurs: Focus on Speed, Transparency and Loyalty

Small business loans are the bread and butter of banking—especially for community banks. Loans to non-farm businesses and commercial real estate
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Sen. Stabenow introduces bipartisan legislation to protect homeowners from higher taxes

The Mortgage Debt Tax Relief Act extends for two years a provision to ensure homeowners aren't required to pay additional taxes when they receive
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Wash. AG Files Suit Against Navient Corp Over Deceptive Student Loan Lending And Servicing

Washington Attorney General Bob Ferguson has filed a lawsuit against the nation's largest student loan servicer, Navient Corporation. Associated
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Skandinaviska Enskilda Banken AB publ Maintains Position in Fidelity National Financial, Inc. (FNF)

The institutional investor owned 27,800 shares of the company's stock at … FNF, through its subsidiaries, provides title insurance, mortgage services
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Clydesdale and Yorkshire Banking Group to close 79 branches

The Clydesdale and Yorkshire Banking Group (CYBG) has announced plans to close 79 branches with the loss of around 400 jobs. CYBG said the
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De Surinaamsche Bank Upgrades Core Banking Systems with Fiserv Solutions

De Surinaamsche Bank Upgrades Core Banking Systems with Fiserv Solutions

De Surinaamsche Bank (DSB), by far the largest commercial bank in Suriname, has expanded its long-term relationship with Fiserv after upgrading to
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Airdrie Savings Bank to close its doors

Airdrie Savings Bank, the last survivor of Britain's independent savings banks, is preparing for a “phased end to all business activities”. Staff were told
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Greater Cleveland Real Estate Round-Up

If you want a palatial estate in suburban Cleveland, or a metro loft, take a look at recent real estate postings in the area.
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Deutsche Bank drastically cuts 2016 bonuses

A statue is pictured next to the logo of Germany's Deutsche Bank in Frankfurt, Germany September 30, 2016. REUTERS/Kai Pfaffenbach/File Photo.
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Clydesdale and Yorkshire Bank to close dozens of branches

The Clydesdale and Yorkshire banking group (CYBG) is closing 79 branches with the loss of 400 jobs. The Unite union said the closures represented
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Brokers Offer Predictions for IBERIABANK Corporation's Q1 2017 Earnings (IBKC)

The company reported $1.08 earnings per share for the quarter, missing the Zacks' … Piper Jaffray Companies upgraded IBERIABANK Corporation from a … Lenders Title Company, an Arkansas-chartered title insurance and closing
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Mizuho, Sumitomo Mitsui Trust eye merging asset management banking arms

Mizuho Financial Group Inc. and Sumitomo Mitsui Trust Holdings Inc. are discussing integrating their asset management banking businesses, sources
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The Real Housewives Real Estate Glossary, From Baja Shelves to Champagne Closets

But it also couldn't be more true when it comes to the real estate empires of the Housewives. These women do their homes their own way, and if you
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UK housing market recovery likely to have continued in December

The U.K. housing market is expected to have continued recovering in December. The shock of Brexit was evidently felt in the housing market; however
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Lending Club Schedules Fourth Quarter 2016 Earnings Release and Conference Call

SAN FRANCISCO, Jan. 18, 2017 /PRNewswire/ — Lending Club (NYSE: LC), the world's largest online marketplace connecting borrowers and
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Mortgage Fines and Bond Restructuring

However, as early as 2005, Deutsche Bank knew that mortgage loan originators were expanding their underwriting guidelines to such an extent that
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Why banks and building societies should be lending to the over 50s

Following the introduction of new lending rules in April 2016, under the Mortgage Market Review (MMR), many banks and building societies have
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Wells Fargo's Q4 Results: Weak Mortgage Activity Hurts As Bank Braces For Additional Headwinds

As for the weak performance of its cornerstone mortgage business, this was due to an overall weakness in the industry, and Wells Fargo should be
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US sues JPMorgan for alleged mortgage discrimination

The alleged discrimination involved so-called wholesale loans that were made through mortgage brokers the bank used to originate loans, the
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Fitch Ratings Downgrades Colombian Banking System to Negative

Fitch Ratings, a ratings agency, has lowered its assessment of the Colombian banking system from stable to negative. This means that Fitch Ratings is
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Price and rent pressures 'continuing to spread' in housing market

Housing market activity stuttered in December, but prices continued heading firmly upwards, according to surveyors. The Royal Institution of Chartered
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UK house price growth slows for first time since July: RICS

UK house price growth slows for first time since July: RICS … The resilience of Britain's housing market since the referendum decision to leave the
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Europe property report underscores growing interest in real estate wellness factors

When JP Morgan Europe released its Europe Property Report this month, there was a new category in their trends coverage – Real Estate and
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Local lending option can help all business plans

Those involved in agricultural based businesses can benefit just as much as any other business from a local, more flexible lending option. Community
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Black day for Scottish banking as one institution closes and 40 branches are shut

HIGH street banking has suffered a fresh blow after it emerged 43 branches in Scotland are earmarked for closure and the UK's last independent bank
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12 Banking Fees You Should Never Pay

12 Banking Fees You Should Never Pay

If you haven't read the fine print on your bank account, you might not be aware of all the fees that could eat away at your balance. Even a bank with no
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Experienced Title Insurance Examiner Needed

Overview: States Title is building a groundbreaking analytics-driven solution to one of the biggest time and cost problems endured by banks and
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Workers at banking giant Goldman Sachs earn a whopping £275000 EACH on average

Two bankers closely linked to shamed tycoon Sir Philip Green are believed to have been among those pocketing bumper windfalls. Reports said
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GLVAR Institute Survey Shows REALTORS® Growing More Confident in Health of Local Housing …

Local REALTORS® have an increasingly optimistic outlook about the local housing market heading into 2017 LAS VEGAS – Local REALTORS® have
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Housing finance

Gross outstanding housing loans of all banks and DFIs were Rs 65.85 … popularity of mortgage finance in those countries, a very impressive growth
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Lady Blazers Hold Off Baileyton For County Title

The Nolachuckey girls' basketball team is pictured with the championship banner after defeating Baileyton Tuesday night at North Greene High
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2016 was a strong year for housing market in Wilmington

“It is very clear that our real estate market is robust and growing aggressively. If anyone is doubting that our real estate industry is back just look at the
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Lending Club Releases Investor Update on Loss Forecasts

Lending Club booth lending clubLending Club (NYSE:LC) has filed an 8-K regarding an investor update from the company's Chief Investment Officer
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Thursday's business agenda

Last week, Freddie Mac reported that the average 30-year, fixed-rate mortgage fell to 4.12 percent from 4.20 percent the week before. MEETUP.
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CFPB head may have violated US law with lending rules, US House Republicans claim

The 2015 lending rule under scrutiny in Wednesday's report classifies certain auto lenders as “larger participants” in the lending market, putting them
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DOJ accuses JPMorgan Chase of mortgage discrimination

The U.S. government filed a lawsuit Wednesday accusing JPMorgan Chase of discriminating against black and Hispanic mortgage borrowers from
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Credit Suisse finalizes $5.3 billion DOJ settlement over mortgage claims

In another in a string of mortgage-related settlements with big banks, the Justice Department CS, -1.26% announced a $5.28 billion settlement with
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Cherokee Strip Credit Union Hires New Lending Executive

Manny Puga, has joined the Cherokee Strip Credit Union as its new Senior Vice President of Lending. Puga has extensive experience in both lending
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East Village Real Estate: Two-Bedroom Condo For $1.7 Million

Get free real-time news alerts from the East Village Patch. Subscribe. The spacious corner bedroom overlooks the treetops of Eleventh Street and is
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Billion dollar banking fines hurt, and that's good, but they won't solve the problem of bankers' bad …

So will banks' usually supine institutional shareholders, which explains the decision by Deutsche to share the pain around by cutting bonuses.
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Credit Suisse Finalizes $5.3 Billion Deal With US Over Pre-Crisis Mortgage Securities

Credit Suisse Group AG finalized a $5.3 billion agreement to resolve claims that it misled mortgage bond investors before the 2008 financial crisis,
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US regulator can sue banks over mortgage bond sales: appeals court

U.S. regulator can sue banks over mortgage bond sales: appeals court … Federal Deposit Insurance Corp against five banks including Credit Suisse
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Ellie Mae: Closing rates in December hit highest point for the year

Closing rates for all loans in December hit their highest point of 2016, according to Ellie Mae's Origination Insight Report. Closing rates for all loans
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Deutsche Bank CEO says 'never say never' on capital hike

Deutsche Bank Chief Executive John Cryan has declined to rule out the possibility of a capital hike in the coming years, with a range of regulatory
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Convenience stores, pharmacies can now handle banking transactions

The Bangko Sentral ng Pilipinas (BSP) has further liberalized banks' deposit servicing by now allowing the services of so-called cash agents. “Banks
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NY AG reportedly investigating Nationstar Mortgage, OneWest Bank reverse mortgage division

NY AG reportedly investigating Nationstar Mortgage, OneWest Bank reverse mortgage division

New York Attorney General Eric Schneiderman is investigating practices related to the servicing of reverse mortgages at Financial Freedom, a part of
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Top fund cuts debt on back of runaway Aussie property market

SYDNEY • Australia's overheated property market has spurred one of the nation's top-performing fixed income money managers to cut some of its real
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Butterfield ends private banking in London

Butterfield Bank has completed the orderly wind down of its London-based private banking business and discontinued its deposit-taking and
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GOP Says CFPB's Auto-Lending Rule May Violate Federal Law

Law360, New York (January 18, 2017, 6:23 PM EST) — Republicans on the House Financial Services Committee on Wednesday released a report
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Austin-area housing market breaks records again in 2016

The Austin housing market had another record year in 2016. … The report says median price for single-family homes in the area rose to $284,000,
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US banking regulator can sue banks over mortgage bonds: court

A U.S. appeals court on Wednesday revived a lawsuit by the Federal Deposit Insurance Corp against five banks including Credit Suisse Group AG
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Deutsche Bank hit with $7.2B settlement

It will also provide financing for affordable rental and for-sale housing … representations to investors about the characteristics of the mortgage loans it
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West Michigan ranked No. 3 in national survey of housing shortages

GRAND RAPIDS, MI – A recent study by Realtor.com looks at West Michigan's red-hot housing market from another angle — the lack of available
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JPMorgan to Pay $55 Million to Settle Mortgage Discrimination Complaint

Black and Hispanic borrowers were charged, on average, $1,000 more than comparable mortgages given to whites, the complaint said.
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PrimeWest Mortgage Investment Corporation announces additional financing made available

Since June 2016 PrimeWest has recovered through mortgage payouts, sale of redundant assets and foreclosure proceedings the sum of $2,367,000.
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New York probing reverse mortgages at Treasury nominee's ex-bank: source

By Karen Freifeld NEW YORK (Reuters) – The New York attorney general's office is investigating reverse-mortgage servicing companies, including a
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These 4 California housing markets had high “sales fail” rates in 2016: Trulia

Online real estate listings site Trulia recently investigated where home sales were most likely to fail in the US in 2016. California's Ventura County
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Real estate perspective: How to get your house ready to sell

Are you looking to make a big change in 2017? A change in real estate might be just what you need. The Oklahoma real estate market is strong with
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Rockwood Capital closes 10th real estate fund at $1.1 billion

Rockwood Capital closed its latest real estate fund, Rockwood Capital Real Estate Partners Fund X, at its $1.1 billion hard cap, spokeswoman
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“I've secured a 2017 investment banking job on Wall Street: this is how”

Attending one of a particular bank's target schools can make a huge … Sure, a lot of people from non-target colleges break into investment banking,
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Doug Parr joins D3 Banking as vice president of sales

D3 Banking, a leading innovator in data driven digital™ banking, has selected Doug Parr to be vice president of sales. In this role, Parr will develop
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US banking regulator can sue banks over mortgage bonds -court

U.S. banking regulator can sue banks over mortgage bonds -court … Federal Deposit Insurance Corp against five banks including Credit Suisse Group
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4 remarkable stats about Metro Atlanta's 2016 housing market

Atlanta Realtors has released its latest report on the Metro Atlanta housing market, and with its release, we now have a clear picture of the region's
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Renasant to buy Metropolitan Bank for $190M, boost assets more than $10B

“This is an attractive opportunity to partner with a dynamic franchise with tremendous banking talent. Metropolitan is a high quality commercial and
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New York Banking Regulator Attacks Federal Fintech Charter Plan

WASHINGTON—New York's top banking regulator on Wednesday joined a growing chorus of critics attacking a federal government plan to help
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'Measured optimism' seen for New York commercial property market

'Measured optimism' seen for New York commercial property market

'Measured optimism' seen for New York commercial property market … New York commercial real estate last year had a better year than analysts
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REITs open up new avenues for real estate invertors

The formation of Real Estate Investment Trusts (REITs) will help in expansion of the quality real estate in India, besides giving developers another
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US stocks open little changed after mixed banking earnings

U.S. stocks opened little changed Wednesday after mixed earnings reports from banks. Goldman Sachs Group Inc. earnings were better than
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Memphis residential real estate sector promising, according to Fed's Beige Book

Commercial real estate in the Memphis area had somewhat moderated, but a banking contact told the Fed that the demand for commercial real estate
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JPMorgan settles allegations of mortgage discrimination against minorities

The suit says black borrowers were charged an average of about $1,126 more for a $191,100 mortgage loan, while Latino customers were charged
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Dodon mortgages Moldova: We will pay 6 billion dollars, Tiraspol's debt for gas

President Igor Dodon recognized the Transnistria's debt for natural gas as country's total debt worth 6.5 billion to the Gazprom.
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Butterfield Completes Wind-Down of UK Private Banking Business, Launches Butterfield …

“Butterfield Mortgages Limited has retained a highly experienced team of residential mortgage specialists with strong connections in the London real
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Central PA Pros: Coldwell Banker Town & Country Real Estate

Bob Pennington from Coldwell Banker Town & Country Real Estate discusses today's property tours, the biggest changes he's seen in the business,
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Canada's largest private mortgage default insurer is matching CMHC's premium hikes

It took Canada's second largest mortgage insurer about 12 hours to match premium hikes to mortgage default insurance announced Tuesday by
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Loan officers: Stop calling your Millennial homebuyers

An article in the May edition of HousingWire's magazine talks about how Millennials are already driving lenders to a new digital age with a streamlined
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Tom Loewy: Lady Liberty banking on Trump

The first month of every new year brings the start of tax season — and the reemergence of Lady Liberty on North Henderson Street. The man in Liberty
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JP Morgan to Pay $55 Million to Settle With US Over Alleged Discrimination Against Minority …

… allegations that independent brokers working for the bank discriminated against minority mortgage seekers, a person familiar with the matter said.
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Education Secretary Justine Greening says she was turned down for a banking job because she …

The Education Secretary Justine Greening has revealed she was once turned down for a job in banking because she had not taken a gap year.
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Spat between CFPB, GOP intensifies with auto lending report

In another apparent escalation in the clash between Republicans and Consumer Financial Protection Bureau Director Richard Cordray, House GOP
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The year 2016 was another record-breaking year for Central Texas home sales. Courtesy Fotolia

According to the December and year-end 2016 Central Texas Housing Market Report released today by the Austin Board of Realtors, single-family
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40 branches of Clydesdale Bank to close along with Scotland's last independent savings bank

Nearly 300 Scots banking jobs are to be lost after dozens of branch closures across the country. Clydesdale Bank announced it is to shut 40 branches
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Real Estate Matters: Housing Headed for the 'European Model'

Real estate may still be the best long-term investment, but first-time homebuyers are finding it more difficult than ever to grab onto the first rung of the
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NCR-Powered Mobile Banking Applications Dominate 'Best of' Category in Independent Study

NCR Corporation (NCR), a global leader in omni-channel solutions, today announced that eight of the top 10 mobile banking apps are powered by
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ANCYL wants govt to stop banking with Absa

Cape Town – The ANC Youth League will intensify calls for the government to stop banking with Absa bank, it said on Wednesday. “We will continue
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Fannie Mae Preps First Risk Transfer Deal of 2017

Overall, the reference pool's collateral characteristics are similar to recent CAS transactions and reflect the strong credit profile of post-crisis mortgage
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As Rates Rise, the Appeal of Real Estate Bridge Loans Grows

As Rates Rise, the Appeal of Real Estate Bridge Loans Grows

Real estate emerged as a go-to asset class, driving up valuations alongside a growing public demand for properties, which only added to an already
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Here's How Mortgage Rate Increases Could Impact NYC Real Estate

“At the higher end of the market, many purchasers do not rely on mortgage financing and this initial increase in mortgage rates should not affect this
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BC's housing market pitting one generation against the other

Property owners — largely generations senior to millennials — saw their property values soar by hundreds of thousands of dollars. Suddenly, the
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Stock Returns: Investors Title Company (NASDAQ:ITIC) is Beating United Insurance Holdings Corp …

This is a snapshot to compare the stock returns for Investors Title Company (NASDAQ:ITIC) versus United Insurance Holdings Corp. (NASDAQ:UIHC) .
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Future-proofing real estate

This article will explore existing real estate property management solutions, focusing on the top private equity real estate platforms in the marketplace,
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Keep An Eye On Fannie And Freddie Tomorrow

On the day, Mnuchin's nomination was announced, Fannie Mae jumped 49 percent compared to a 46 percent rally in the shares of Freddie Mac.
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Texas VA Loan Center Reiterates its Commitment to Provide the Most Efficient and Excellent Home …

Since VA guarantees the loans against default, mortgage lenders like AMCAP Mortgage are in a position to pass along the savings to our veterans for
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Economist: Charleston housing market to continue to thrive in 2017, but at slower pace

The Charleston area's housing market should continue to grow in 2017, though at a slower pace than last year. That's the assessment by University of
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Price Action Report: A Reversal for First American Financial Corp Is Not Near. The Stock Rises Again

The company was initiated on Friday, November 13 by Topeka Capital … The Title Insurance and Services segment provides title insurance policies
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Real Estate Crowdfunding Marketplace, Sharestates, Hits $275 Million in Loan Volume

18, 2017 /PRNewswire/ — Sharestates, a real estate investment marketplace, has originated $275 million in loans since the platform launched in 2015,
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Credit Suisse to Pay $5.3B Over Mortgage-Backed Securities

Credit Suisse is paying $5.3 billion to settle claims that it misled investors about the quality of mortgage-backed securities that it sold in the lead-up to
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Mortgage Application Index Rose 0.8% Last Week

On a seasonally-adjusted basis, the Market Composite Index measure of mortgage applications increased by 0.8% during the week ending January
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Real estate agencies could face declining revenues as the housing market makes a poor start to …

Low sales volumes are likely to be the biggest problem facing the real estate industry this year, and a possible easing in prices that could put agency
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People's Credit Union announces appointment of Steven Carneiro, Business and Residential …

His financial services experience, along with his in-depth knowledge of both commercial and residential lending will be a great asset to our members
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Timbercreek Financial Announces $40 Million Bought Offering of Convertible Debentures

Timbercreek Financial (TSX:TF) (the “Company”) today announced that it … draw on the credit facility for purposes of funding future mortgage loans.
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St. Isaac's Cathedral, St Petersburg's iconic landmark, is gifted to Russian Orthodox Church

The imperial monument in St. Petersburg has served as a state museum for ninety years. But now, city authorities plan to transfer the building to the
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JP Morgan Chase's $55 Million Discrimination Settlement

Wholesale mortgages occur when the bank uses smaller mortgage-broker … The mortgage broker assesses credit and offers loan terms—including
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Feds allege Minnesota bank discriminated in lending practices

based KleinBank of “redlining,” or unlawfully structuring its mortgage lending business to avoid serving minority neighborhoods around the Twin Cities
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Trump Picks Rattle Housing Industry by Questioning Loan Backstop

Making changes to the housing market carries political risk. If home buyers can't obtain affordable mortgages, they may turn against Republicans
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January 2017 US NAHB housing market index 67 vs 69 exp

All the biggest trading floors in the world have screens locked on ForexLive™. We provide real-time forex news and analysis at the highest level while
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Fannie Mae – A New Chance to Put the Sweep Behind Us

Fannie Mae – A New Chance to Put the Sweep Behind Us

Treasury Secretary-designate Steve Mnuchin in November 2016 said ending the conservatorship of Fannie Mae and Freddie Mac will be a top priority
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OMERS ADMINISTRATION Corp Has $2358000 Stake in Two Harbors Investments Corp (TWO)

Ausdal Financial Partners Inc. increased its stake in Two Harbors … financing and managing residential mortgage-backed securities (RMBS),
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Lendistry Announces Merger with a Private Loan Fund Proving Responsible Lending is Profitable …

Brea, CA, January 18, 2017 (Newswire.com) – ​​Marking another milestone in their growth, small business lender, Lendistry (www.Lendistry.com)
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J.G. Wentworth Home Lending™ Named Finalist for 2017 Ellie Mae® Hall of Fame Awards

Ellie Mae's suite of tools and services are designed to help mortgage … Mortgage loans are offered by J.G. Wentworth Home Lending, LLC NMLS ID
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Mtg apps, Redbook retail sales, Industrial production, Housing market index, CPI, Euro zone and …

Highlights. Purchase applications for home mortgages fell a seasonally adjusted 5.0 percent in the January 13 week, while applications for refinancing
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Mercantile's 4Q Results Reveal Strong Credit Quality, Cost Control

Mercantile's recently announced mortgage banking initiative is paying dividends. The company generated $1.2 million in revenue from home sales
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RE/MAX: 2016 Best Year for Home Sales Since Crash

Add another voice to the chorus singing over the health of the housing market in 2016. RE/MAX says “2016 was the best year for U.S. home sales
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Will Mortgage Interest Deductions Become Extinct In 2017?

On the interest front, mortgage financing was priced at around 4.2% at the start of the year. That's not as low as 2012, when rates reached historic lows
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Real Estate or Return?

When a linearly focused valuation of an asset is used, there may be a tremendous amount of data that is overlooked when considering the real estate
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FHFA Makes Two Calls for Public Input

… housing—by improving mortgage financing opportunities on residential properties in very low-, low- and moderate-income families in these markets.
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IBERIABANK Corporation (IBKC) Given Consensus Rating of “Buy” by Brokerages

FBR & Co set a $73.00 target price on shares of IBERIABANK Corporation and … The company reported $1.08 earnings per share (EPS) for the quarter, … Lenders Title Company, an Arkansas-chartered title insurance and closing
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Fannie Mae Loses High Court Bid for Federal Jurisdiction

… that it deserves the same federal court access as “its sibling rival, the Federal Home Loan Mortgage Corporation, known as Freddie Mac,” enjoys.
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CMHC Does Bank of Nova Scotia's Dirty Work

If you're looking to buy a house and you need mortgage insurance, the premiums just got a little more expensive. Yes, the CMHC has hiked mortgage
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New York Mortgage Trust, Inc. (NYMT) Given Consensus Recommendation of "Hold" by Analysts

Prospera Financial Services Inc increased its position in New York Mortgage Trust by 1.0% in the third quarter. Prospera Financial Services Inc now
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Simplifile Integrates Collaboration, Post Closing Services with LendingQB

“When lenders are more connected to their settlement partners, the mortgage closing process becomes much smoother, and there is a demonstrable
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JPMorgan mortgage lending based on racist practices, US says in lawsuit

JPMorgan Chase & Co allowed brokers to charge African-American and Hispanic borrowers higher home mortgage loan rates and fees than white
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Citadel Advisors LLC Cuts Stake in IBERIABANK Corporation (IBKC)

The institutional investor owned 44,877 shares of the company's stock after selling … Prudential Financial Inc. raised its position in shares of IBERIABANK … Lenders Title Company, an Arkansas-chartered title insurance and closing
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Senate Dem Accusing Trump Pick of Ethics Violations Benefited from Bank Bailouts

While pursuing a federal takeover of mortgage insurers Fannie Mae and Freddie Mac in 2008, Schumer held thousands of dollars in bonds with the
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Project Management, Manager

Project Management, Manager job in Mc Lean, VA at Freddie Mac – In this role, the selected candidate provides resolutions to an extensive range of
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JPMorgan settles federal mortgage discrimination suit for $55 million

Black borrowers were charged an average of about $1,126 more for a $191,100 mortgage loan, while Hispanic customers were charged about $968
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Supreme Court limits Fannie Mae's ability to take cases to federal court

Supreme Court limits Fannie Mae's ability to take cases to federal court

But, according to the ruling, the language in Freddie Mac's charter is different than Fannie Mae's, and gives the GSE the right to “to sue and be sued,
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Trading Lines in Focus for Boardwalk Real Estate Investment Trust (BEI-UN.TO)

Investors may use various technical indicators to help spot trends and buy/sell signals. Presently, Boardwalk Real Estate Investment Trust (BEI-UN.
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Commercial Loan Niches Hold Promise, But Which Niche Is the Smartest?

Quarterly results from three midsize banks underscored what's promising and what's still dicey about the lending environment in early 2017.
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Mortgage-Rate Rise Hits Coastal Property Markets Hardest

Pricey real-estate markets on the coasts are bearing the brunt of the recent rise in mortgage rates and are likely to feel more pain as rates climb,
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Innovative Real Estate Group Joins the Berkshire Hathaway HomeServices Real Estate Brokerage …

DENVER–(BUSINESS WIRE)–Berkshire Hathaway HomeServices, part of the HSF Affiliates LLC family of real estate brokerage franchise networks,
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Technical Analysis: Time to Buy Ally Financial Inc After The Completion of This Bullish Multiple Top …

The stock of Ally Financial Inc (ALLY) shows a multiple tops pattern with … The Company's Mortgage activities segment includes the management of
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China's Market News: Bitcoin Slides on PBOC's Warning

The expansion in China's housing prices has slowed down in the last month of 2016 amid restrictions on home purchases, according to a report
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Japan's mortgage market slammed by higher rates

TOKYO — The Japanese mortgage market has slowed significantly amid higher interest rates, reversing course from early last year when the Bank of
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JPMorgan Settles U.S. Mortgage Discrimination Case for $55 Million

The allegations, related to so-called wholesale mortgages to black and … Outstanding home mortgages in the U.S., valued at $10.2 trillion, are the
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Bangor's mismatch between real estate inventory and demand lingers

That's just one of the real estate trends Emery predicts will affect life in the city in the coming year, alongside densifying downtown development and a
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US Justice Department: Credit Suisse Agrees To Pay $5.28 Billion In Connection With Its Sale Of …

“Unscrupulous lenders knew they could get away with shoddy underwriting when making mortgage loans, because they knew Credit Suisse would
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Watching ADX Levels for Wheeler Real Estate Investment (WHLRW)

Technical investors may be checking certain levels on Wheeler Real Estate Investment (WHLRW) shares. For traders looking to capitalize on trends,
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Mortgage rates drop for Wednesday

The average for a 30-year fixed-rate mortgage slid down, but the average rate … These types of loans are best for those who expect to sell or refinance
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In the real estate beauty contest, home staging is key

Real estate agents like homes on the market to have a lived-in look – minus the clutter, minus the personal photos, minus the posters on the wall that
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Canterbury Methodist Church hosts discussion on effects of payday lending event

Canterbury Methodist Church hosts a “Church & Society” event that includes discussing payday lending and its effects on the community.
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What are the Levels Showing for Shares of Riocan Real Estate Investment Trust (REI-UN.TO)

Investors will commonly use Williams %R in conjunction with other trend indicators to help spot possible stock turning points. Riocan Real Estate
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On the Move: In a hot residential real estate market, challenges still linger

In fact, it's done more than thaw: With inventory at historic lows and homes flying off the market, Utah's residential real estate market is practically
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Credit Suisse reaches $5.28 billion mortgage bond settlement

Credit Suisse told investors in offering documents that the mortgage loans it securitized into RMBS “were originated generally in accordance with
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Gold Coast lending, net up for year

Gold Coast Bank reported annual net income soared as it prepared to open a branch in Brooklyn, while fourth quarter income dipped due to a surge in
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Buy-to-let lending remains robust despite the challenges

Buy-to-lending remained robust towards the end of last year despite the huge tax changes that have been introduced. Landlords borrowed £3.2billion
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