Fannie Mae sells off $26 million in NPLs to nonprofit

Fannie Mae sells off $26 million in NPLs to nonprofit

Fannie Mae announced the winning bidder of its sixth Community Impact Pool of non-performing loans. The winner, New Jersey Community Capital,
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BDM – Commercial Mortgages & Development Finance

BDM – Commercial Mortgages & Development Finance. Global Capital Commercial is a leading facilitator of Commercial Property Finance and
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Banking basics

Danbury second grade students learned banking basics last week. The students visited the Marblehead Bank main office to get a hands on
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Missouri farmers lending a helping hand to ranchers devastated by wildfires in Kansas and …

LABADIE, MO (KTVI) – Some first responders say it's the most widespread disaster they have ever seen. More than a million acres have burned in
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Industry association to hold commercial lending masterclass

Industry association to hold commercial lending masterclass

“[Glenn's] brought together a group of lenders including CBA, ANZ, ING, Macquarie, Thinktank and a few others as a part of this collaborative effort to
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Senators Warn Against Suspending Fannie, Freddie Dividends

A bipartisan group of senators told Mel Watt, the regulator who oversees Fannie Mae and Freddie Mac, that he shouldn't allow the companies to
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Notice of Trustee's Sale: No. 16-00378-2

… Yreka, CA, FIDELITY NATIONAL TITLE COMPANY, as the duly appointed Trustee (the “Trustee”), under and pursuant to the power of sale contained
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Tighter lending restrictions could backfire

Stuart Jackson, portfolio manager of The Montgomery [Private] Fund, said that a lot of the backward trends associated with lending had more to do with
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BoQ first half profit slips amid tighter lending standards, more expensive loans and higher funding …

TIGHTER lending standards, more expensive loans and higher funding costs have been blamed for profits falling at Bank of Queensland.
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Apple Inc. No Longer Accepting Apps With Pricing Info In Title

Many apps in the Apple App Store carry their pricing info in the title, which is sometimes convenient. Now it seems that Apple no longer supports this,
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China Lending Corp (NASDAQ:ANCX) announces a quarterly dividend of $0.04

On 3/21/2017 China Lending Corp ( NASDAQ:ANCX ) announced that it will be issuing a quarterly dividend in the amount of $0.15 up from $0.04
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Construction Lending

Banc of California currently offers Residential Construction Loan programs for experienced Builders and Developers. The Construction Lending team
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2017 Outlook on Real Estate Trends and Investing

Please join me for an intimate and informal dinner gathering of like minded Real Estate professionals. I've been doing these Vorays regularly and they
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Loan Originator at Nations Reliable Lending, LLC

Job Description: A Sr. Loan Originator assists consumers who are seeking mortgage loans for the purchase or refinance of a residential property.
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Lenders expect house price growth to slow

Mortgage lenders are likely to see lower transactions in 2017 as house prices continue to rise and regulators put the brakes on lending to investors.
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Senate President: High rate lending bill dead

PHOENIX — Lenders are apparently not going to get a chance to lend money to Arizonans at an effective rate of 164 percent a year.
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Director of Mortgage Recruiting

Director of Mortgage Recruiting

-Assist in developing and executing full life cycle recruiting plans including resume review, interviewing, pay negotiations, new hire paperwork, and
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Mortgage Company Branch Manager

Sagamore Home Mortgage is looking for an experienced, non-producing or producing, branch manager with the desire to build and operate a branch
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Freddie Mac: Affordability to hold back home sales in 2017

Affordability is beginning to take its toll going into the home-buying season, according to the March Outlook from Freddie Mac. Home prices continue to
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Mortgage Warehouse Lending

Centier Bank's Warehouse Lending Program for small to mid-sized mortgage bankers offering competitive 24/7 Online Access on lines from $3 Million
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Ricketts signs bills on banking, unemployment reforms

“It modernizes the language in our banking statutes that haven't been touched since 1963,” Ricketts said, stating a specific example relating to the use
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No end to home loan discounts as property prices keep rising: Deloitte

Deloitte's annual Australian mortgage report released on Thursday said in 2016 major banks had been offering owner occupiers discounts on the
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2016 Annual Report Launches

Thirty-nine GABV Member Banks and four Supporting Partners are now forming this movement of systemic change makers. Yet, the GABV is not only
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Senate President: High-rate lending bill is dead

Senate President: High-rate lending bill is dead … PHOENIX — Lenders are apparently not going to get a chance to lend money to Arizonans at an
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3 charts that show why commercial real estate could be the next 'big short'

A small but growing group of hedge funds are positioning themselves to profit from the collapse of the real estate market. Sounds like 2007, right?
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Pending home sales rebound to highest level in a year

Pending home sales rebounded in February, hitting the highest level in almost a year and the second-highest level in more than a decade, according
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Santander to pay $26m to settle subprime auto-loan case

Santander's subprime auto-lending division will pay $26 million to settle allegations that it provided unfair, high-interest loans to car buyers they knew
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New Private Lender Mortgage Network in Brooklin

Brooklin, ON — (SBWIRE) — 03/29/2017 — WhitbyMortgageBrokers.ca presents a new network of private lenders in Brooklin. This is a special
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Real estate notes: SoBro Cambria topped

Giarratana Nashville teamed with local real estate investor Mike Shmerling to undertake the project. Tony Giarratana, company founder, told NBJ that
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In a sellers' real estate market, where are the home selling hot spots in Northeast Ohio?

In a sellers' real estate market, where are the home selling hot spots in Northeast Ohio?

The current real estate market is catching some people off-guard. Buyers across Cleveland are now having a more difficult time closing the deal on
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Real Estate Talk: SRAR President Named 'Woman of the Year' for 38th Assembly District

Left to right: Assemblyman Chad Mayes, R-42nd District and State Assembly Republican Leader; Dante Acosta, R-38th District; SRAR President
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Real estate investors pumped a record $3.3B into the Bronx in 2016

The Bronx saw another spike in real estate investment last year, with a record $3.3 billion and over 14.2 million square feet of development hitting the
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Fredericksburg City Council to advertise 4-cent real estate tax increase

City Council will advertise a real estate tax rate that is four cents higher than the current rate, but it has the option of choosing a lower rate.
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Denver real estate in March: No houses, more problems

“Multiple offers [are] basically an expectation,” said local Redfin real estate agent Corey Keach in a news release for the agency's housing demand
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Consumer confidence surges to 16-year high

Consumer confidence leapt forward in March to the highest level in 16 years, according to the Consumer Confidence Survey conducted by The
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What is the most likely outcome for the CFPB?

As the confusion and uncertainty around the Consumer Financial Protection Bureau only escalates rather than dissipating, HousingWire gathered
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Supreme Lending Opens Two New Branches In Tulsa, Okla., Area

Supreme Lending, a nationwide mortgage lender, has expanded its footprint in “Green Country,” Okla., with two new branches, one in Tulsa and the
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From Janitor to Real Estate Mogul, Sean Conlon of 'The Deed' Shows How He Made It

Sean Conlon is living proof that anyone can get rich in real estate: In 1993, he immigrated from Ireland to Chicago at the age of 21 and got a job as a
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How Commercial Real Estate Use Is Changing: Five Adaptive Reuse Success Stories

The practice of taking an existing structure and repurposing it for some other use is not necessarily a new idea. This practice of adaptive reuse has,
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West Coast banking on more from Yeo in AFL

But Gaff's blunt assessment after the game suggests Yeo will need to bank a few more strong showings to satisfy his teammates. “Not that impressed.
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Banks should give rate cap law time

The banking amendment act that brought in a cap on interest rates for loans and a floor for deposits has been in effect for only seven months. The act
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Manager, Mortgage Pricing Analytics

The Manager supports the Senior Manager, Mortgage Pricing Analytics by coordinating and implementing specific Mortgage Pricing Transformation
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Ex-pitcher Resop, Raveis Real Estate in North Naples to help athletes move

William Raveis Real Estate expects to score big with a new division that caters to big-name athletes and other celebrities. The idea for the
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Banking sector needs ₹4 lakh crore towards loan-loss provisioning: Uday Kotak

The Indian banking system will have to endure further pain of loan-loss provisions aggregating about ₹4 lakh crore, according to Kotak Mahindra
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TZS-CA: Dividend Analysis : March 31st, 2017 (record date)

Our analysis is based on comparing Trez Capital Senior Mortgage Investment Corp. with the following peers – Equitable Group Inc., Terra Firma
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Auto-loan packager agrees to settlement

Santander was accused of practices similar to those used by mortgage … bank's role in issuing subprime auto loans to thousands of consumers who
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Do you know the best in Queens real estate? Nominate your favorites today!

Nominations are now open for the Star Network's “Excellence in Real Estate & Development Awards & Networking Event,” which will be held on
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Local man not supposed to sell real estate

The Real Estate Council of Ontario (RECO) is warning members of the public not to engage in real estate transactions with John Van Dyk, of Chatham.
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Ricketts signs bills updating banking laws, tightening unemployment benefits qualifications

LINCOLN — Nebraska received its first major update to banking laws in more than 50 years under legislation signed into law Wednesday by Gov.
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Starwood Property Trust,Inc. (NYSE:STWD) Files An 8-K Creation of a Direct Financial Obligation …

Starwood Property Trust,Inc. (NYSE:STWD) Files An 8-K Creation of a Direct Financial Obligation …

Creation of a Direct Financial Obligation or … a mortgage loan business, and Real estate property (the Property Segment), which engages primarily in
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DBRS Extends Review Period on Certain Sub Debt of 27 European Banking Groups

Due to the publication on March 29th of a Request for Comment for DBRS's Global Methodology for Rating Banks and Banking Organisations (GBM),
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Fannie-Freddie Fix Is the Focus Of Senators' Bipartisan Push

Fannie Mae, along with Freddie Mac, backs about 40% of the nation's home loans and has been under U.S. control since the companies suffered
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Call Center Representatives with Banking Industry Experience

Nelson is seeking customer service driven individuals with banking industry experience who thrive in a call center environment. The right candidate
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FHFA Releases Fannie, Freddie Progress Report

The Federal Housing Finance Agency today released a progress report on its goals for Fannie Mae and Freddie Mac while the GSEs are in federal
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Business Banking Relationship Manager

Learn more about applying for Business Banking Relationship Manager at Santander Bank.
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New Private Mortgage Lender Network in Markham, Canada

Owing to the risk posed by clients with bad credit, private lender mortgages come at higher fees compared to regular bank loans. The easiest way to
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third party transfer

In reading here, it appears I have to have a social security number to do a person to person transfer? Is this correct? This does not make banking easy
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Why a Loan for a Tiny Home Can Be a Great Big Pain

One of the things that attract people to tiny-house living is the dream of financial freedom: trading walk-in closets for a life without mortgage payments.
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How bank de-risking is hampering Hong Kong's ambition

How bank de-risking is hampering Hong Kong's ambition

The difficulty in the simple task of opening a bank account in Hong Kong is adversely affecting business opportunities – and threatens its potential as a
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Axis Bank ties up with Wells Fargo for Inward remittances

MUMBAI: Axis Bank has tied up with Wells Fargo, the third largest American bank by assets, to offer real time remittances from the Indian diaspora to
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New Nebraska Law Lifts Licensing Requirements for Bankers

A new state law will lift licensing requirements for Nebraska banking and … says the licensing requirement is not imposed on federal banks or bank
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McBride ready to retire after 44-year banking career

Lynn McBride is retiring after spending the past 18 years as president of Citizens State Bank (now Security Bank of Kansas City).
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Investing in real estate, gold and alternate assets

There is more to investing than financial instruments such as stocks, debentures and mutual funds. Gold and real estate have been the traditional
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Real estate mogul: This is the biggest mistake house-flippers make

While it's fun to admire the final product of a successful house flip, it's also easy to forget that developing properties is complicated. As real estate
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Kushner Family, China's Anbang End Talks Over Manhattan Real Estate Deal

The family of President Trump's son-in-law and adviser, Jared Kushner, has called off talks with Chinese insurance company Anbang to redevelop a
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Hunt Mortgage Group Refinances a Multifamily Property Located in Casa Grande, Arizona

NEW YORK, March 29, 2017 (GLOBE NEWSWIRE) — Hunt Mortgage Group, a leader in financing commercial real estate throughout the United States
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Metric Analysis: Volatility Gauge for IQ US Real Estate Small Cap ETF (ROOF)

Currently, IQ US Real Estate Small Cap ETF (ROOF) has a 14-day ATR of 0.27. … The ADX alone measures trend strength but not direction. Using the
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US mortgage activity slips for second week: MBA

The industry group said its measure on mortgage applications dipped 0.8 … Mortgage rates on other home loans that the MBA tracks fell from the
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Sotheby's opens S'pore office amid real-estate recovery signs

SINGAPORE – The move by Sotheby's International Realty to open its Singapore office on Thursday (March 30) is a sign of improving sentiment in the
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Uday Kotak pegs banking stressed assets at Rs 14 lakh crore

Uday Kotak pegs banking stressed assets at Rs 14 lakh crore

The banking industry has an opportunity of Rs 10 lakh crore worth of bad loans at fair value after providing for a loss of Rs 4 lakh crore from the total
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Get the Look for Less: Tommy Hilfiger's Magnificent Miami Mansion

It's 14,000 square feet of exclusive beachfront real estate complete with 100 feet of ocean frontage, lush landscape, and an infinity pool.
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FHFA Releases Fannie and Freddie Scorecard

“In collaboration with Fannie Mae and Freddie Mac, FHFA has made significant progress in meeting our conservatorship objectives,” FHFA Director
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West One and Black Book reveal strategic partnership

West One Loans, the specialist bridging finance provider, has formed a … to mortgage intermediaries and financial professionals via Black Book.
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Online Lenders: The 'Modern Day Loan Sharks'

Jamar White had no idea what he was getting into when he took out a nearly $50,000 loan with an online lender in 2013 for his New York-based
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2 states settle with Santander over 'unfair' car loans

The settlement was the first of its kind in the U.S., according to Healey, who compared it to abuses by subprime mortgage lenders that contributed to
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Freddie Mac Predicts Drop in Sales Over 2016

According to Freddie Mac's outlook, home prices are outpacing income growth significantly, and that's putting a home purchase out of reach for many
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Invesco Mortgage Capital Inc – Receive News & Ratings Daily

According to Zacks, “Invesco Mortgage Capital Inc. is a real estate investment trust that focuses on financing and managing residential and
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Trojan source code leak poised to spur new online banking attacks

The source code for a new Trojan program that targets banking services has been published online, offering an easy way for unskilled cybercriminals
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Russia Preparing For Potential Removal From International Banking System

Global financial institutions like the World Bank and SWIFT can make or break the economies of entire nations due to their domination of the
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Equity, HFC get Sh10bn from European bank for SME lending

Equity Group chief executive James Mwangi said with the new loan the lender will be in a position to support up to 1,000 regional companies.
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EIB signs Sh10.5bn facility with Equity and HF for on – lending to regional SMEs

European Investment Bank, the long-term lending institution of the European Union, has extended about Sh10.57 billion (€95 million) to regional
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Dear lenders, we critically need more young talent in mortgage finance

Lenders and vendors of the tech world filled the expo hall at the Hyatt Regency in downtown Chicago for the Mortgage Bankers Association's National
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How This Real Estate Firm Is Building Better Luxury

Few people understand the competitive, high-stakes world of luxury real estate better than Alan Mark. As president and founder of The Mark Company,
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The Arlington Home Show: bring your real estate questions

The Arlington Home Show: bring your real estate questions … We have buyer information on current real estate market, trends, properties for sale and
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Guild Mortgage launches digital mortgage with help from Roostify

Guild Mortgage is going digital, as the lender announced this week that it is launching its own digital mortgage, becoming the latest in a string of
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Is a 50-Year Mortgage a Good Move?

A 50-year mortgage may be an option, but here are some things to consider when looking at a long mortgage term. These loans are not bought and
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The evolution of mobile banking

The uber-boring space of mobile banking is catching up with the times. The evolution of banking has gone from coins and paper to the smart phone in
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3 Mobile Banking Risk Reduction Steps

1. What are the common risks around mobile payment and banking apps? “Mobile banking and payments are prime targets for hackers,” Khera said.
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The need for responsible investment banking with a strong regional focus

Today's high street retail banks – the sort you keep your current account with – make their money from mortgage lending and hidden charges on
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Opinion: REM real-estate issues deserve greater scrutiny

Opinion: REM real-estate issues deserve greater scrutiny

Meanwhile, it appears as if new high density re-zonings for associated real-estate projects worth billions that seem likely be built near some of the
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Hunt Mortgage Group Promotes Vic Clark

Dallas—Hunt Mortgage Group announced the promotion of Vic Clark to national head of conventional and commercial loan production. As a senior
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For the big four banks, saver behaviour is the great unknown

How regulators and the banks respond to a sizzling hot property market has been the main focus for bank watchers in recent weeks. But beneath the
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You can now short private real estate markets

In a year of uncertainty, professional pessimists finally have a tool to short the private real estate market. Financial services firm Global Index Group on
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United Wholesale Mortgage Announces Fully Digital Mortgage

United Wholesale Mortgage has unveiled a fully digital mortgage that will compete with Quicken Loans' Rocket Mortgage and other digital mortgage
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Lynda Gayl Bunker Has Been Recognized Among the Top in Her Industry by the Expert Network©

She opened her own mortgage lending office in 2005 and has been named a … With nearly 20 years of experience in mortgages, Ms. Bunker brings a
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Consumers Bank to open branch in Bergholz

MINERVA– Consumers National Bank received approval from the Office of the Comptroller of the Currency (OCC) to operate a new full-service branch
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Mortgage Applications Drop 0.8%

The Market Composite Index, a measure of mortgage loan application volume, decreased by 0.8% on a seasonally adjusted basis for the week ending
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Larry Summers: The disturbing way banks are still ducking punishment for driving the financial crisis

Deutsche Bank satisfied the requirement by providing financing to hedge funds speculating in mortgage securities. I'd imagine other major banks with
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Amazon Makes Strong Push Into UK Warehouse Real Estate

Amazon.com (AMZN) is increasingly active in the U.K. warehouse real estate market, leasing 11% of the total units leased in the country last year,
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Bank of Lancaster hosts student visitors

Bank of Lancaster, in partnership with the Virginia Bankers Association (VBA), recently hosted area high school seniors for Virginia Bank Day. In 1991
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How Brexit May Impact London's Prime Real Estate Market

Now, it's official. The United Kingdom has formally notified the European Council of its intention to leave the EU. The letter—written yesterday by British
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Kotak Mahindra Bank's disruptive 811 may spell trouble for payments banks

Unlike payment bank accounts, Kotak Mahindra Bank's customers can use the 811 account to not only transact, but also avail loans and manage
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Average cost of Irish home is €209944

… on the market with a large rise in numbers at viewings and potential buyers with mortgage financing – however, supply remains extremely limited.”.
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Deutsche Bank Said to Eye New Home Lending for Settlement

The bank could do that by lending to companies that offer government-backed mortgages to borrowers with weaker credit, the person said. The loans
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Intraday Movers: Senomyx, Inc. (NASDAQ:SNMX) , AG Mortgage Investment Trust, Inc. (NYSE:MITT)

The company also invests in other real estate-related assets and financial assets, including fixed- and floating-rate commercial mortgage-backed
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Lending Tree founder, CEO featured speaker at UNCW Business Week series

Doug Lebda is brilliant when it comes to business. He's the founder, Chairman and CEO of Lending Tree, a highly successful lending exchange
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Chief Lending Officer Steve Mitchem to Retire from Great Southern Bank

SPRINGFIELD, Mo., March 29, 2017 /PRNewswire/ — After more than 27 years of dedicated service, Steve Mitchem, the chief lending officer for Great
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Marketplace and P2P Lending: Viable or Not?

Marketplace lending, a constant headline of major financial journals for the last few years, is a new form of credit intermediation. The term broadly
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Khoury Report – substantial reforms for small business lending

On 20 February 2017, Mr Khoury published his final report of the Independent Review of the Code of Banking Practice (Code). Mr Khoury is an
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Four Great Cities for Real Estate Agents

Four Great Cities for Real Estate Agents

While it's true that quality agents who put in the extra work can be successful anywhere, there are certain areas in the U.S. that are positioned as ideal
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Mortgage Rates Drop, Yet Refinancings Continue to Fall

Week-over-week, the 30-year mortgage rate fell 13 basis points to 4.33%, according to the latest survey from the Mortgage Bankers Association
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More Subdued Growth on tap for Canada's Banks

OTTAWA, March 29, 2017 /CNW/ – GDP growth in Canada's banking industry will be limited to 2.4 per cent this year amid a slowdown in consumer
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New Mortgage Servicing Guide Helps Bankers Navigate Compliance Changes

The CFPB's recent mortgage servicing rules are the latest addition to the thousands of pages of servicing regulations. To help bankers, compliance
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No information about impact of GST on real estate: Government

Real estate experts feel that negative impact of GST on the sector may derail Modi government's flagship programme which aims to provide housing to
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Why are Paul Manafort's real-estate transactions a corruption red flag?

Real estate in big cities like New York or London has become a favored method for criminals to launder money. It's a safer and more lucrative place to
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Invesco Mortgage Capital Inc. (IVR) traded with Volume of 1.37 Million shares in Last Trading …

Invesco Mortgage Capital Inc. (IVR) reported its last quarter results on … on financing and managing residential and commercial mortgage-backed
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US MBA mortgage applications we 24 March -0.8% vs -2.7% prev

Out a few moments ago but not a price mover. One for general info though. Meanwhile USDJPY still below 111.00 but demand/support into 110.80 .
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6 Big Questions for Charlotte's Real Estate Market

It's been nearly 10 years since the city's seemingly unstoppable real estate market experienced the free fall that sent home values plummeting and left
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Crazy Sh*t In Real Estate Episode 18: Ghostbusters

Ever since dealing with some ghost-hunting clients and selling a haunted house, Colin Cameron has been singing the Ghostbusters theme song big
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DC Aiken Has Been Recognized Among the Top in His Industry by the Expert Network©

Mr. Aiken entered the mortgage industry straight out of college and quickly climbed through the ranks, earning the title of the Number One Loan Office
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Your mortgage is more than a rate

It can be an emotional process because a mortgage is the loan you are taking to buy a home for yourself and your family which makes it infinitely more
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Students design the future in Utah Real Estate Challenge

SALT LAKE CITY, March 29, 2017 /PRNewswire/ — What does Utah's real estate future look like? Suburban offices, self storage and affordable,
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Greystone Brown Real Estate Advisors Closes Sale of 140-Unit Multifamily Property in Dalton, GA

NEW YORK, March 29, 2017 (GLOBE NEWSWIRE) — Greystone Brown Real Estate Advisors today announced it has closed on the sale of Chalet
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BlackRock Is Cutting Jobs and Banking on Robots to Beat the Stock Market

BlackRock on Tuesday said it would overhaul its actively managed equities business, cutting jobs, dropping fees and relying more on computers to
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Mortgage applications dip

Photo (c) davizro photography – Fotolia Mortgage applications fell for the second time in a row, edging down 0.8% in the week ending March 24.
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Why a real estate mogul says a $16500 door is worth it

When you can buy a front door from Home Depot for $187, it may seem extravagant to spend $16,500. But real estate mogul Sean Conlon says a door
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The Banking Crisis – Why It Will Happen Again

The banking system, with the elastic currency it supplies to the market, ensures the economy at large finds itself almost continually in a state of crisis.
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Real estate: How to win over multiple offers

Bright and early on a Saturday morning, Jessica Byam is at an open house in North Winton Village with her Realtor Jason Ruffino. The 1,500 square
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Local real estate market off to great start in 2017

The Sun reached out to some local real estate agents and asked how the market is going right now, how it compares to past years and for a prediction
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Wells Fargo fails fair lending test over 'egregious' practices

Wells Fargo fails fair lending test over 'egregious' practices

In the latest blow to the embattled financial giant, Wells has failed a government fair lending test due to “egregious” evidence of “discriminatory and
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FHFA, GSEs Make Progress on 2016 Goals

“In collaboration with Fannie Mae and Freddie Mac, FHFA has made significant progress in meeting our conservatorship objectives,” FHFA Director
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Flexiloans looking to double lending to small businesses over next one year

“However, this segment (unorganised MSMEs) forms about 93 per cent of the total $300-billion lending market and hence, is a big business
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Your Money: Lending

CHAMPAIGN,Ill – Kathy Sweedler from the U of I extension office economics department stops by the Morning Show for this week's Your Money is
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Bond Street to be Featured in NerdWallet's Small Business Lending Tool

Bond Street, an online lender for small businesses, and NerdWallet, have partnered to provide access to SME loans. As part of the partnership, Bond
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Santander pays $22M to end Healey's auto-lending probe

Healey called the settlement the first of its kind in the subprime auto lending sector. She compared the subprime financing undertaken by Santander
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