Tighter lending rules to hit WA housing market

Tighter lending rules to hit WA housing market

The nation's banks have been put on notice to dramatically tighten their lending standards and slash the number of interest-only mortgages, amid
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Invesco Mortgage Capital Inc (IVR) Receives Consensus Recommendation of "Hold" from Analysts

Shares of Invesco Mortgage Capital Inc (NYSE:IVR) have been given a … Prudential Financial Inc. raised its position in Invesco Mortgage Capital by
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BRIEF-Dentas to buy dental equipments lending business for 32.9 mln yen

Reuters is the news and media division of Thomson Reuters. Thomson Reuters is the world's largest international multimedia news agency, providing
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Alaska Air Group, Inc. (NYSE:ALK) announced the title-sponsorship of the iconic race

Alaska Air Group, Inc. (NYSE:ALK) said that, it is the title sponsor of the iconic race, which will be renamed the Alaska Airlines Bay to Breakers.
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Freddie and Fannie Will Pay Up

Freddie and Fannie Will Pay Up

After gathering little attention for nearly a decade, the two GSEs, Fannie Mae and Freddie Mac are making news on several fronts. Two developments
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[ March 31, 2017 ] Macedonia Baptist Church celebrates retired mortgage Local News

The congregation, under the leadership of Pastor Billie Boyd-Cox, celebrated the retirement of its mortgage on March 26. “We thank God for helping
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Two Greek lenders return to profitability in 2016

Greek lenders have been saddled with a mountain of bad debts caused by the country's economic crisis that wiped out more than a quarter of the
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Daily market update: March 31, 2017

30-year fixed-rate mortgage (FRM) averaged 4.14 percent with an average 0.5 point for the week ending March 30, 2017, down from last week when it
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Blackstone and Prudential Complete £11.8 Billion Deal For Bradford & Bingley Mortgages

U.S. private equity giant Blackstone and FTSE 100 insurance company Prudential have completed a deal to buy £11.8 billion of loans from the U.K.
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Money supply up 12.6% in February on strong bank lending growth

Money supply rose 12.6 percent year-on-year to P9.433 trillion in February on the back of sustained robust bank loan growth, preliminary Bangko
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Positive shift in the residential property market

While the residential property market in general has been experiencing a reduction in activity over the past two years, there are definite signs of a
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CA continues to lead most active housing markets in March

The spring buying season kicked off early this year, with homes on the market for 69 days in March — that's 22 fewer days than February and eight
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Mohawk Set to Grow on Solid Housing & Buyouts, Fx Woes Stay

Overall fundamentals of the housing market remained positive through 2016 and also showed some meaningful improvement in recent times. Steady
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Bank of Canada head says low rates not fuelling housing speculation -report

Bank of Canada head says low rates not fuelling housing speculation – … low interest rates are not fuelling speculation in the country's housing market,
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Loan defects rise as rates increase

Loan defects are inching upward in a market where higher rates could lead to more fraud risk. The frequency of defects, fraud and misrepresentation
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Corporate lending stock of Hungarian banks up in February

The corporate lending stock of Hungarian banks was up in February from the previous month as companies were net borrowers, while revaluations
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Mortgages – Affidavit – GLc 244, §17B

Where a U.S. District Court judge rejected a challenge to a mortgage foreclosure, the judgment must be vacated in part, as the defendant bank waived
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Most Mortgage Rates Steady, ARMs Decline

More good news on the mortgage rate landscape today: There were little, if any, changes in rates except for adjustable-rate mortgages (ARMs).
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Wells Fargo To Have Its Day In Court Concerning Defective Mortgages

The case against Well Fargo alleges that the bank failed as a trustee overseeing the defective mortgages. U.S. District Judge Katherine Polk Failla in
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Denmark should limit lending to highly indebted borrowers -council

COPENHAGEN, March 31 Denmark should tighten mortgage regulations for some of its most highly indebted households to help protect financial
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Government: rental payments aren't proof of mortgage affordability

Decisions around the availability of individual mortgage loans remain commercial decisions for lenders, and the government does not seek to
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Westpac CEO Hartzer: Housing market stretched, but no bubble

In an interview with The Weekend Australian to mark the bank's 200th anniversary next week, he said the property market was “certainly complex”,
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How Will Rate Hike Binge Affect Consumers and Lending Market?

At the March 14-15 policy meeting, Federal Reserve Chair Janet Yellen announced a hike in interest rates by 0.25 percentage points. The rate now
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Bradford & Bingley's £11.8 billion mortgages sold off as crisis nears end

A book of mortgages held by collapsed former building society Bradford & Bingley was today sold to the Prudential and fund manager Blackstone.
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Judge slaps $45M fine on Bank of America over improper foreclosure

Judge slaps $45M fine on Bank of America over improper foreclosure

It serves as a reminder about the problems some homeowners faced with their mortgage servicers, particularly during and shortly after the financial
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Prudential and Blackstone buy Bradford & Bingley loans for £11.8bn

The loans, which are mostly buy-to-let mortgages still being repaid by borrowers, were sold at a discount of about £400m to their book value to reflect
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Valley National Bank appoints director of residential mortgage sales

“Shawn is an important addition to our team as we continue to position Valley National Bank as a household name in home financing solutions,” Kevin
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The Rise of Alternative Lending in Commercial Real Estate

Since the great recession of 2008, commercial banks, insurance companies and other traditional lenders for commercial real estate have become
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Santander settles subprime auto loan suit with Massachusetts

“After years of combating abuses from subprime mortgage lenders, these practices are unfortunately familiar,” said Massachusetts Attorney General
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U.S. 30-year mortgage rate falls to four-week low – Freddie Mac

U.S. 30-year mortgage rate falls to four-week low – Freddie Mac

NEW YORK, March 30 (Reuters) – U.S. 30-year mortgage rates declined to their lowest in four weeks in step with Treasury yields, which fell on
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Fannie, Freddie will hand over US profits as expected: official

Fannie, Freddie will hand over U.S. profits as expected: official … WASHINGTON Fannie Mae and Freddie Mac will transfer $10 billion in earnings to
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Bank lending grows 18.1% in Feb.

Banks' lending growth was slightly faster for the month of February at 18.1 percent year-on-year versus 17.9 percent in the previous month, the
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PHH to Lose CEO; Fannie/Freddie Changes–Their Future Remains Uncertain

Fannie Mae and Freddie Mac will transfer one trillion pennies ($10 billion) in earnings to the U.S. Treasury today. There continues to be a lot of
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Stocks to Track: Northwest Bancshares, Inc. (NASDAQ:NWBI) , Eastern Virginia Bankshares, Inc …

In addition, it offers trust, investment management, actuarial and benefit plan administration, brokerage, and title insurance services; and property and
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Traders Recap: Apartment Investment and Management Company (NYSE:AIV) , IBERIABANK …

Apartment Investment and Management Company's (AIV) moved with shift of … The company also provides various title insurance and loan closing
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Bank lending grows at fastest pace in more than two years in February

SINGAPORE — Bank lending surged last month at the fastest pace in more than two years, as loans to business services firms, financial institutions,
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US Mortgage Rates See Another Major Decline in Late March

According to Freddie Mac's latest Primary Mortgage Market Survey, the average mortgage rate in the U.S. dropped for the second consecutive week.
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Caliber Home Loans Completes Acquisition of Banc Home Loans

Caliber Home Loans Completes Acquisition of Banc Home Loans

COPPELL, Texas, March 31, 2017 /PRNewswire/ — Caliber Home Loans, Inc. (“Caliber”), the nation's fourth largest non-bank residential mortgage
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Housing affordability worst in a generation in 'high-risk' Toronto

“The severe strain afflicting Toronto-area buyers primarily reflects elevated and still rapidly escalating single-detached home prices (resulting from a
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UK recoups taxpayer funds in $15 bln Bradford & Bingley loans sale

Bradford & Bingley (B&B), a mortgage provider which was also bailed out during the financial crisis, is owned by British government vehicle UK Asset
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Housing prices on the rise in Prince George's, Montgomery

“Both D.C. and Northern Virginia housing markets have achieved record highs already, so they don't have as much room to grow in terms of prices,”
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Contract Interest Rates Rose 16 Basis Points in February 2017

Results from the FHFA's Mortgage Interest Rate Survey indicate that contract interest rates on mortgages for new single-family homes increased by 16
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Buy-to-let investors remortgage homes to pay down landlord loans ahead of higher tax

Buy-to-let investors are taking cash out of their homes in order to pay down mortgages on their rented-out properties ahead of next week's change to
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Asset Based Lending Analyst

The Asset Based Lending Analyst will be responsible for setting up and performing non monetary maintenance for loans serviced on the Stucky
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Azerbaijani banks significantly cut consumer lending: FIMSA

Consumer lending portfolio of Azerbaijani banks in real terms shrank by 2.35 billion manats during 2016, said Rufat Aslanli, chairman of Azerbaijan's
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LPC: Refinancing rules, M&A sinks in Q1 US syndicated lending

By Lynn AdlerNEW YORK, March 31 (Reuters) – First quarter US syndicated lending of US$535bn was 50% higher than the first three months of last
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More pain for interest-only loans

The Australian Prudential and Regulation Authority sent a stern warning to all lenders, announcing it was imposing even tougher restrictions on their
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L&G cuts lifetime mortgage application age to 55

L&G is also now giving all customer a fee-free drawdown facility across its lifetime mortgage range. The facility lets borrowers access housing equity
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Home loans for new property increase to HK$6.9b

Mortgage loans for primary market deals increased by 0.8 percent in February to HK$6.9 billion and those financing secondary transactions fell by 3.5
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Britain sells mortgages, buys small Brexit hedge

LONDON, March 31 (Reuters Breakingviews) – Selling 11.8 billion pounds of former Bradford & Bingley mortgages to Blackstone and Prudential will
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Singapore stock exchange inks partnership with P2P lending company, wants to educate about …

The agreement that can be considered unique to our modern economy is an MOU signed with Crowdo, a regional lending platform with P2P and
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Ontario court revisits priorities among multiple victims of mortgage fraud

[3] In Lawrence, a fraudster had conveyed the registered owner's title to another fraudster who in turn had obtained mortgage financing from Maple
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Bank lending up 1.7% in February

On a yearly basis, bank lending registered a 5.2% growth from $596.2b. The growth was driven mainly by loans to businesses, which over the said
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What sets Loan Frame apart in the $300B Indian SME lending market

What sets Loan Frame apart in the $300B Indian SME lending market

Just last year, Indian startups in the lending segment saw a massive draw of $343 million in investments, almost three times the $124 million that was
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LPC-EMEA syndicated lending steady at US$203bn in first quarter

LONDON, March 31 Syndicated lending in Europe, the Middle East and Africa (EMEA) of US$203bn in the first quarter was 4% higher than the
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APRA tightens up on interest-only lending

Additional supervisory measures on mortgage lending have been announced to reinforce “sound residential mortgage lending practices in an
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Senators warn FHFA against suspending Fannie, Freddie dividends

Letting the U.S.-controlled mortgage giants build capital buffers would hurt legislative efforts to overhaul the housing-finance system, the senators said
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Retail lending stock of banks unchanged in February

The retail lending stock of Hungarian banks was stable in February compared to the previous month, fresh data from the National Bank of Hungary
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Here are the top industrial-commercial real estate developers in Phoenix

Here are the top industrial-commercial real estate developers in Phoenix

Phoenix-based VanTrust Real Estate LLC put together four industrial-commercial real estate developments for a total of 2.2 million square feet and
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Yes, This Is How It Works – High House Prices Mean Low Paid Cannot Buy Houses

In a statement of the blindingly obvious the National Housing Federation has pointed out that high house prices mean that low paid people cannot
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The Market Sentimentalist: Global Real Estate – Where Are The Risks Residing?

Think about what a house means to most people. In addition to being a place to live, it also represents the single largest investment one is ever likely
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Senate banking head Crapo charts bipartisan course

“Succcesful, meaningful reforms will require buy-ins from both sides of the aisle,” said Banking Committee Chairman Mike Crapo of Idaho, appearing
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1 Essential You Need to Know About 3% Down Mortgages

This is one reason why 3% down-payment mortgages are popular options for homebuyers. But in order to choose the right mortgage loan, you need to
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Are there any heroes left in banking?

“The Big Short” detailed, often humorously, how Wall Street and the big banks bamboozled families into believing that with very little down — and a
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Rönesans Real Estate Investment invests 1.7B euros in shopping malls

Rönesans Real Estate Investment (RGY) has opened its extension of the Optimum Shopping Mall in İzmir with an investment of 105 million euros and
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Housing report: Tight supply, high demand leads to record high home prices in Missoula

The new Scott Street Village housing development is under construction on Missoula's Northside, where 23 single family homes and five townhomes
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Israeli Investors Retreated From NYC Real Estate in 2016: Report

Total Israeli investment in New York City real estate exceeded $130.5 million last year—down significantly from nearly $2.07 billion in 2015, per the
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Real Estate Update

Strange trends are in place in the national (and Rockaway) real estate markets: Thirty year fixed rate mortgages increased from approximately 3.5
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Investigation: RGV Homeowners Restless Over Alleged Real Estate Fraud

Their indictment has an Edinburg family on edge. The owners of the company they bought their house from are implicated in the case. Homeowner
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Low-paid workers cannot afford to buy homes – apart from in Burnley

Low-paid workers cannot afford to buy homes – apart from in Burnley

The only place they can afford a mortgage is in the former Lancashire mill town of Burnley. Everywhere else an average mortgage costs a worker on
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Buy-to-let mortgages from Bradford & Bingley sell for £11.8bn

The government has sold buy-to-let mortgages which belonged to failed Bradford & Bingley for a whopping £11.8bn. Insurance firm Prudential and
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Government raises £11.8bn with Bradford & Bingley mortgage sale

Philip Hammond has triggered the sale of £11.8bn worth of Bradford & Bingley loans acquired during the financial crisis. Photograph: Ian Nicholson/
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Still Cleaning Up The Financial Crisis – £11.8 Billion Bradford And Bingley Mortgage Loans Sold

Would some to all of these mortgages default? Yes, English mortgages are recourse, meaning the bank can and will still come after you for money
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Get rich in real estate, Toronto-style

There was a Real Estate Wealth Expo in Toronto earlier this month. According to Toronto Life's account, people who paid between $50 and $2,500
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Brace For Increased Bank Capital Requirements

The Basel Committee commented that “APRA intends to review the findings related to the recognition of retail treatment for mortgage regardless of
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APRA cracks down on interest-only loans

The Australian Prudential Regulation Authority wrote to the banks today to announce new measures to “reinforce sound residential mortgage lending
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UK house prices in first monthly fall for 20 months

Average house prices across the UK fell by 0.3% in the month of March, according to the Nationwide, the first fall since June 2015. Although monthly
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Unions, activists decry investors purchasing Baltimore's distressed mortgages

Activists and unions urged a Baltimore City Council committee to consider actions against lenders they argue hurt the city by purchasing distressed
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Gov't sells £11.8bn mortgage book to Pru and private equity firm

The government has sold Bradford & Bingley mortgages it acquired during the financial crisis to Prudential and private equity firm Blackstone in a deal
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Housing market failing the 'just about managing', campaigners warn

The National Housing Federation says house prices in England more than doubled between 2002 and 2016 while salaries only increased by 38%.
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Europeans 'turned away by mortgage lenders' for homes in UK

Banks are denying mortgages to citizens of other EU countries living in Britain because of uncertainty over whether they will be allowed to stay after
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Survey: About 9% Of Mortgages In 2016 Were Non-QM Loans

The survey further reveals that more than 30% of banks are restricting lending to QM segments only, and 45% are making non-QM loans only to target
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Blackstone and Prudential acquire £11.8bn Bradford & Bingley mortgages

US private equity firm Blackstone and FTSE 100 insurance group Prudential have succeeded in the battle to acquire the UK Treasury's £11.8bn
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Real estate: Homeowners find note about potential buyer

The agent to whom you promised the listing already knows, as you do, that where the sale of real estate is concerned, nothing is binding until it's in
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Will Using Artificial Intelligence To Make Loans Trade One Kind Of Bias For Another?

Digital lending is expected to double in size over the next three years, reaching nearly 10 percent of all loans in the U.S. and Europe. There are now
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Top Picks: Real Estate's 'In Mind,' the PCalc Lite app, and more

Describing the music as mellow is usually the kiss of death for a rock album, but the music by the group Real Estate manages to be an exciting, stirring
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UK house prices fall for first time since June 2015

British house prices fell in March for the first time since mid-2015, mortgage lender Nationwide said on Friday, another sign that households are
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Banks to slam brakes on interest-only loans

The new rules will require banks to limit the flow of new interest-only lending to 30 per cent of total new residential mortgage lending. Currently all four
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Lawmakers push for more control over joint banking accounts

AUGUSTA (WGME) — At the State House, lawmakers are asking what should happen to your bank accounts after you die? A proposed change to
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Banking regulator 'not finished' targeting property market, expert warns

Banking regulator 'not finished' targeting property market, expert warns

A move from the banking regulator on Friday to restrict risky lending in the housing market is expected to cool the market, but we can expect more
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UK house prices slide for first time in almost two years, says Nationwide

UK house prices fell for the first time in almost two years in March, according to Nationwide, in the latest sign of a slowdown in the property market.
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Romanian lender BRD launches new mortgage loan, an alternative to “First House”

The third-biggest Romanian lender BRD has launched a new mortgage loan for customers who wish to acquire their first home. This is called “La
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Residential Mortgage Survey Results for February 2017

Mortgage loans approved in February decreased by 2.4% compared with January to HK$27.6 billion. Among these, mortgage loans financing primary
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FTSE 100 has a case of the Brexit blues; housing market softens

UK house price growth softened this month, according to the Nationwide, with annual growth slowing to a full percentage point to 3.5%, its worst
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Apple sends warning to banks with Australian mobile payments decision

Apple Inc on Friday won a victory in its global fight to prevent banks from introducing their own mobile payment services on Apple devices, as an
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APRA cracks down on 'shadow bank' lending

In its letter to the banks outlining a new wave of lending restrictions aimed at cooling a heated housing market, Australian Prudential Regulation
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Housing Market

Australian Market Summary (Issue 442) – 31 March 2017 This week was a terrific week for the share-market, with the ASX200 +3.3% as I type.
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Senate banking chair wants financial rules reform by early 2018

File photo: Chairman of the Senate Banking, Housing, and Urban Affairs Committee Mike Crapo (R-ID) hearing listens to testimony from Federal
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Luxembourg lays claim to EU banking agency

The government is confident that its bid to have the European Banking Authority relocate to Ireland is on track despite a claim from Luxembourg that it
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Man Convicted of Internet Banking Fraud

A man charged with three counts of money laundering through internet banking was yesterday found guilty after a trial by the Suva Magistrates Court.
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Guest column: The truth about the mortgage interest deduction

The mortgage interest deduction is vital to our economy in Tillamook County. The deduction makes homeownership more affordable and achievable
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APRA imposes new mortgage limits

The banking regulator has imposed new limits on interest-only mortgage lending as it tries to reduce risk in the Sydney and Melbourne housing
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Banks and the human rights shuffle

One of the key reasons I've been following the Thun Group of Banks is on account of the human rights implications for global and Indian banks
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The No. 1 Mortgage Fear May Surprise You

Surveys have explored Americans' greatest fears when it comes to mortgages and homebuying. Here's a review of two top fears — see if they are (or
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Video Banking Produces Benefits, Customer Adoption Rate Lacking

A new survey shows financial institutions are seeing benefits from video banking but only a small percentage of their customers are using the service.
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Bradford & Bingley mortgage sale raises £11.8bn

The government has sold buy-to-let mortgages belonging to failed lender Bradford & Bingley for £11.8bn. Insurance firm Prudential and investment
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The Best Ways to Protect Your Online Bank Account

And finally, this may seem obvious, but delete any suspicious emails from the banking asking to change the password. Those emails are often scams.
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Banking scams reported in Lee County

In a 24-hour period, at least three people reported getting letters from banks about accounts in their names they never heard of. “A few days ago I got a
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New York Mortgage Trust Inc (NYMT) Downgraded by Ladenburg Thalmann Financial Services

New York Mortgage Trust Inc logo Ladenburg Thalmann Financial Services lowered shares of New York Mortgage Trust Inc (NASDAQ:NYMT) from a
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Fed not considering selling its mortgage bonds -Dudley

Fed not considering selling its mortgage bonds -Dudley

Fed not considering selling its mortgage bonds -Dudley … The Fed has said it plans to trim its $4.5-trillion portfolio of mortgage and Treasury bonds by
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Australian banking cartel loses fight against Apple

An Australian banking consortium has lost its fight to collectively bargain with Apple and boycott Apple Pay, with the Australian Competition and
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Moves to tighten Australia's mortgage rule

Australian banks have been slapped with new limits on interest-only and investor lending as the banking regulator responds to heightened risks of
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Nipomo woman sentenced for defrauding elderly man in reverse mortgage scam

In August 2012, Cortes encouraged the victim to take out a reverse mortgage on his residence. The victim then gave a $117,000 loan to Cortes on the
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Vardospan's Tegeta links hamper banking approval – Fuzile

In a press release under the heading: “Finance minister Pravin Gordahn needs to put up or shut up on 100% black-owned bank”, Vardospan director
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For Mortgage Rates, Once Again, It Depends

For the third day in a row, day-over-day mortgage rate movement depends heavily on the lender. That means some lenders will be in noticeably better
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Banks lose battle to band together against Apple

Australia's big banks will have to go it alone in their wrangle with tech giant Apple over the introduction of iPhone payments in this country.
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U.K. Raises $14.7 Billion in Blackstone-Prudential Mortgage Deal

The U.K. will raise 11.8 billion pounds ($14.7 billion) selling mortgages to Blackstone Group LP funds and Prudential Plc, as it takes another step
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Caroline supervisors mixed in support of 2 cent real estate tax hike

County administrator Charles Culley recommended increasing real estate rates to 84 cents per $100 of assessed value in his budget for fiscal year
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Market stability seems an appropriate descriptor for capital markets and commercial real estate …

Daily securities market transactions based on corporate earnings and fundamental trends are packing positive action. Commercial real estate market
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Why Islamic Banking must be wholeheartedly embraced and given time to develop

The conventional financial and banking system was exposed for its flaws during and following the epic failure of global financial system in 2007-08.
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Wells Fargo must face litigation on defective mortgages: US judge

Wells Fargo must face litigation on defective mortgages: U.S. judge … U.S. litigation seeking to hold banks liable for risky mortgage securities that were
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IT, real estate could be contra sectors of the year: Krishna Kumar Karwa, Emkay Global Financial

In a chat with ET Now, Krishna Kumar Karwa, MD & CFO, Emkay Global Financial, FY19 could be a blockbuster year because all the hard work of
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NukeBot Banking Trojan Source Code Leaked Online by Author

The author behind NukeBot, a modular banking Trojan, released source code for the malware earlier this month in an apparent effort to regain the trust
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APRA strengthens macroprudential rules for banks

The Australian Prudential Regulation Authority has strengthened macroprudential policies against the banks pointing to “an environment of
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Ireland to contest Luxembourg's right to host banking authority

The Irish Government is set to contest Luxembourg's claim on Thursday that it has a legal right to become the new base for the European Banking
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She ditched investment banking for e-commerce

She worked at Barclays Capital in New York as an investment banking analyst, after graduating from the University of Virginia with a degree in finance.
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Occidental now a top 15 producer in KC

The Kansas City Business Journal's 2017 list of the top commercial real estate companies ranks Occidental 14th with $25.4 million in 2016 total dollar
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Urgent next steps in banking sector reforms

We must (i) accelerate recoveries from non-performing assets (NPAs), (ii) recapitalize public sector banks to strengthen their ability to expand credit,
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Richmond homeowner gets $26000 bill for last mortgage payment

Mortgage attorney Shane Frick with MG Law, who is not affiliated with this case, said balloon payments are not very common in residential mortgages,
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