Double duty: Wells' retail chief Mary Mack to head consumer lending

Double duty: Wells' retail chief Mary Mack to head consumer lending

The San Francisco company on Monday named Mack to head its consumer lending business, which includes residential mortgages, auto loans and student loans. That is on top of her existing duties as head of Wells Fargo's community banking division, which includes the bank's network of more than
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Credit Suisse backs Lannock in $100m body corporate lending deal

Credit Suisse has provided a $100 million senior funding facility to Lannock Strata Finance helping to fuel growth in specialist lending to body corporate or owners corporations. Lending to body corporates to fund strata improvements such as renovations, renewals and defect rectification is a growing
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About 30000 affected by tracker mortgage scandal, says Paschal Donohoe

The total number of people affected by the tracker mortgage scandal will not go far beyond 30,000, according to Finance Minister Paschal Donohoe. … to the progress being made in delivering justice for those wrongfully targeted by the country's main banks for moving off their low tracker mortgage rates.
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How startups can craft the perfect pitch

REPOSTED DIRECTLY FROM INMAN NEWS. THIS CONTENT HAS NOT BEEN MODERATED BY WFG NATIONAL TITLE. Startup San Diego president Austin Neudecker put a new twist on startup mentorship when he took the Inman stage earlier this year. Because he used to listen to 2,000 pitches a
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How Millennials Are Changing the Real Estate Market

“As the median age of the millennial generation rises into the 30s, they are making the decision to purchase homes,” says Byron Carlock, U.S. real estate practice leader at PricewaterhouseCoopers. “They have waited longer to enter the market, so their income levels are higher. In addition, they may
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What Really Drives the Housing Market

Just three years later, I planned a career move that would take me to Tulsa, Oklahoma. We put our home on the market and began house hunting in the new town. Our home sold in two days, and the job opportunity suddenly fell through. I had to scramble for both a new job and a new home. That was OK
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Law firm sues Kushner real estate business for unpaid bills

Kushner's properties have come under scrutiny elsewhere. Maryland Attorney General Brian Frosh announced in October he was investigating debt collection practices and poor maintenance at several of the company's properties. The company also faced scrutiny in May when Kushner's sister, Nicole
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How Batteries Sparked a Cobalt Frenzy and What Could Happen Next

Orders for battery-powered automobiles were up 51 percent at 609,000 in the first 11 months of the year, and Bloomberg New Energy Finance says sales could surpass 1 million next year, almost equal to this year's global total. Carmakers hunting long-term supplies may be more willing to link sales to
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Corker Pushes for Details on Pass-Through Provision in Tax Bill

Senator Bob Corker wrote to Senate Finance Committee Chairman Orrin Hatch asking for an “explanation” of how a provision on pass-through businesses that would benefit real estate investors came to be included in the final version of the Republican tax bill. The change would give real estate
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Lord Turner got there first on productive credit

Sir, Jim Pickard reports that GFC Economics, in a report commissioned by the UK Labour party leadership, bemoans the fact that the Bank of England “makes no distinction between productive and unproductive lending” (December 12). This is precisely the point made by Adair Turner, former chairman of
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Oracle Agrees to Buy Australia's Aconex for A$1.56 Billion

Oracle Corp. agreed to buy Aconex Ltd., an Australian company that makes cloud-based collaboration software for construction projects, for A$1.56 billion ($1.19 billion) cash as it tries to gain more customers in the rapidly growing market. The deal values Aconex at A$7.80 per share, 47 percent more
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True North Commercial Real Estate Investment Trust Adds 298000 square foot Institutionally …

The $53.0 million purchase price for Bluefrog was satisfied by: (i) first mortgage financing in the amount of approximately $34.5 million, with an annual … achievements, events, prospects or opportunities for the REIT or the real estate industry and may include statements regarding the financial position,
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Closing Above PSAR Are Shares of Boardwalk Real Estate Investment Trust (BEI-UN.TO)

Boardwalk Real Estate Investment Trust (BEI-UN.TO)'s closing price of $42.31 has closed above it's Parabolic SAR reading, indicating a potential trend reversal. Parabolic SAR (or PSAR) is a simple, compact indicator that can provide some useful information when taking into account additional trends
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Fortune Cookie Theology- Sunday of the Holy Forefathers 2017

Learn more about Patristic Nectar Publications. – An episode of the Arena podcast on Ancient Faith Radio.
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New Tax Law Closes Bitcoin Loophole

Bitcoin has defied financial gravity in 2017 but, in one respect, it's just like any other investment: Uncle Sam expects a cut of the profits when you sell it. And starting in 2018 it will get a little harder to avoid paying up. That's because the major tax reform passed in Congress this week contains a tweak that
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Chinese Smartphone Maker Xiaomi Expects Big Growth After Sales Slump

Chinese smartphone maker Xiaomi has told bankers it would top its annual revenue target by as much as 18%, sources with knowledge of the matter said, marking a comeback from a sales slump in recent years that triggered a business overhaul. Xiaomi, which has been hearing bank pitches for what
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What the Democrats Can Learn From Alabama in 2018

The chance of winning back the House and Senate depends on whether the party can duplicate Doug Jones's upset in other red states. By. Arit John. @aritbenie More stories by Arit John. December 21, 2017, 10:58 AM PST. Jones was wary of bringing in national Democrats, such as New Jersey
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Vietnam Mimics China With Sweeping Corruption Purge

Politburo member Dinh La Thang is seen during a national assembly session in Hanoi, Vietnam on Oct. 30. Photographer: AFP/Getty Images. It could have been a scene from a spy novel. German authorities in August accused Vietnam's government of abducting the former chairman of state-owned
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Here's Why Theresa May Says London Bankers Should Be Optimistic About Brexit

Prime Minister Theresa May said the U.K.'s financial sector should be optimistic about the outcome of Britain's trade talks with the European Union that are due to start early next year. Speaking on the plane after meeting with Polish Prime Minister Mateusz Morawiecki in Warsaw, May said her
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UN Defies Trump's Threats by Passing Resolution on Jerusalem

The United Nations General Assembly overwhelmingly backed a measure critical of President Donald Trump's decision to recognize Jerusalem as the capital of Israel despite U.S. Ambassador Nikki Haley's warning that the move could put funding for their nations and the global body at risk.
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Paul Manafort Wants to Spend Christmas in the Hamptons

Paul Manafort Wants to Spend Christmas in the Hamptons

But building permits over the same period examined by Bloomberg show that renovations by the Hamptons contractor were estimated to cost $1.2 million. That's less than a quarter of what was ultimately spent—an apparent discrepancy that could draw scrutiny from investigators. Peter Carr, spokesman
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Consumer credit to stay strong even as rates rise

One is that credit performance reflects not only consumer behavior and the market, but shifting lender strategies. Mortgage delinquency rates may hit the lowest levels since 2005, in part reflecting significant tightening by mortgage lenders in the wake of the recession. Delinquency rates for personal
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Spirit of giving: Lending a hand in Riverside and San Bernardino counties

Students at Discovery Isle Preschool in Temecula recently donated more than 300 pounds of food to Community Mission of Hope as part of a two-week food drive to support local families in need. (Courtesy photo). By Staff report | Press-Enterprise. PUBLISHED: December 18, 2017 at 5:01 pm
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Atascosa bank swaps charters

Twelve banks from around the state have converted from a national to a state charter since Frost's conversion, according to data provided by the Texas Department of Banking. Atascosa Bank's reasons for converting couldn't be determined. Rainey “Buddy” Bingham, Atascosa Bank's chairman an CEO,
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UPDATE 1-MOVES-Wells Fargo expands Mack's role to include consumer lending

Dec 18 (Reuters) – Wells Fargo & Co, the third-largest U.S. bank by assets, expanded the role of Mary Mack, who has headed its community banking operations, to include overseeing its consumer lending business. Mack, a 33-year veteran of Wells Fargo, will continue to serve on the lender's operating
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Tax bill right to preserve this financial tool that gets Maine families into new homes

They receive a lower interest rate on the bond, and that lower rate is passed on as a low-rate home mortgage or development loan. The bonds, together with the federal Low Income Housing Tax Credit program, finance approximately 300 affordable apartments each year in Maine. More than 1,075 units
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GSEs Publish Final Duty to Serve Plans

“This is an important milestone in Fannie Mae's ongoing efforts to improve access to mortgage financing and create affordable housing opportunities for people of modest means across the country,” says Jeffery Hayward, executive vice president and head of multifamily for Fannie Mae, in a statement.
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Riverwalk Townhomes and Flats in North Loop sell for $19.2 million

Apartment and office condo property Riverwalk Townhomes and Flats has sold for $19.2 million, according to a Cushman & Wakefield announcement. The deal closed Dec. 15. Seattle-based Goodman Real Estate, a real estate investment company that specializes in multifamily and commercial real
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HBJ opens 2018 Residential Real Estate Award surveys

Houston Business Journal is now surveying for the annual Residential Real Estate Awards and Lists. HBJ's annual Residential Real Estate Awards honors Houston's top real estate agents and teams, based on rankings from the List. The List ranks real estate agents and teams with the highest sales
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Goodie for Trump Oozes Out of Tax-Reform Fog

Congress had spent more than a month debating giving owners and developers of commercial real estate with significant employee payrolls some sort of a tax break, as Bloomberg News reported early last week. But as three reporters from the International Business Times first told us over the weekend,
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House GOP Agrees on $81 Billion in Disaster Spending

A firefighter turns away from the heat as flames explode through the front windows of a home burning in the Lilac fire in Pala Mesa, Calif. on Dec. 7, 2017. Photographer: Gina Ferazzi/Los Angeles Times via Getty Images. House Republicans agreed Monday on $81 billion in disaster relief for areas hit by
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Mortgage Rates Monday: Mostly Unchanged, Still Low

The average rate on a 30-year fixed-rate mortgage rose two basis points and the 15-year fixed and 5/1 ARM were unchanged, according to a NerdWallet survey of daily mortgage rates published by national lenders Monday. The 30-year fixed-rate mortgage is three basis points higher than one week
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Toyota not giving up on fuel cell, but now banking on electric, too

On Monday, Toyota pledged that “by around 2025” every new Toyota or Lexus model vehicle will have an electrified version, whether it be a hybrid electric, a plug-in hybrid electric, or a battery electric version. The Japanese automaker also said that it is updating its sales goals to target selling 5.5 million
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Top Corker Aide Could Reap Windfall From Controversial Real Estate Provision In Tax Bill

Bob Corker, R-Tenn., has major investments in a real estate business that could benefit from a key provision slipped into the Republican tax bill that his boss will be voting on, according to federal documents reviewed by International Business Times and MapLight. The records show Corker's longtime
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Toronto Real Estate Board sends cease-and-desist letter to website publishing sales data

TORONTO — One of the websites that has cropped up in the aftermath of a top court ruling that the Toronto Real Estate Board must be more open with its data says it has received a cease-and-desist letter from the board. Realtor Fraser Beach, who runs Select/Plan and has long battled TREB over the
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Follow live: Committees discuss real estate and city's deal to sell water to controversial energy …

FALL RIVER — The City Council Committee on Real Estate and the Committee on Health and Environmental Affairs meet tonight with an update on the sale of former city schools and whether the city should be selling water that would be used to a company constructing a fossil fuel-burning power plant
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Blackstone, KKR to become big players in Australia's mortgage market

US private equity titans Blackstone and KKR are set to become major players in the mortgage market. Scott Eells. Jonathan Shapiro AFR Woodcut. Share on twitter. by Jonathan Shapiro. A decade ago, the barbarians had arrived at the barbie. America's top buy-out funds launched dashing debt fuelled
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MTEI Equipment Lending Library

This is an online request form for MTEI lending equipment. Please review our equipment checkout policy before filling out the form. Most of our equipment can be checked out up to a semester depending on equipment. We will contact you with a confirmation when your request has been processed.
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NFL Hall of Famer Emmitt Smith is back on the commercial real estate scene

Dallas Cowboys Hall of Fame football player Emmitt Smith appears to be making his way back into the commercial real estate industry, by helping ring in the launch of the initial public offering of Newmark Group Inc. (Nasdaq: NMRK) on The Nasdaq Stock Market. The New York-based commercial real
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Zephyr Real Estate Presents Third Quarter Awards for San Francisco Offices

Founded in 1978, Zephyr Real Estate is San Francisco's No. 1 real estate firm with nearly $2.3 billion in gross sales and a current roster of more than 300 full-time agents. Zephyr's highly-visited website has earned two web design awards, including the prestigious Interactive Media Award. Zephyr Real
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The real estate edge

The real estate edge

While there are speculative real estate investments, overall there are several reasons that has given real estate a good edge over several other forms of investment. One of the characteristics of speculative investments is price volatility that is not based on fundamentals. The reason for unusual price
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Tucson Real Estate: Apartment sales closing out the year strong

Andy Seleznov and Melissa Lal represented the landlord, Larsen Baker, and David Carroll, of Romano Real Estate, represented the tenant. APEX Mixed Martial Arts leased 4,030 square feet at Wetmore Plaza, on the northwest corner of Oracle and Wetmore roads for a martial arts studio specializing in
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Insider Buying: Opus International Consultants Ltd (NZE:OIC) Director Buys 260000 Shares of Stock

Opus International Consultants logo Opus International Consultants Ltd (NZE:OIC) Director Réjean Gosselin acquired 260,000 shares of the business's stock in a transaction on Wednesday, December 6th. The shares were bought at an average cost of $0.12 per share, with a total value of $31,200.00.
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Donald Trump's Judicial Nominee Withdraws After 'His Two Worst Minutes on Television'

President Donald Trump's judicial nominee for federal court in Washington, D.C. withdrew on Monday after a video from his confirmation hearing went viral over the weekend in which he struggled to answer basic legal questions. Matthew Petersen, a member of the Federal Election Commission, had
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Caliber Introduces “HomeAccess Your Way Equity Line of Credit"

Caliber Home Loans Inc. has announced the launch of its Caliber HomeAccess Your Way Equity Line of Credit, providing borrowers with real-time access to funds at competitive rates. Qualifying customers can use their line of credit for a variety of needs, including financing home renovation projects,
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4/20 Illawong Avenue Tamarama NSW 2026

Exciting piece of real estate in Tamarama's famous Harry Seidler`s. 1 bedroom Apartment for Sale. Contact Agent. 4/20 Illawong Avenue Tamarama NSW 2026. Listed by McGrath – Edgecliff. Features: Carport Spaces.
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Granite Point Mortgage Trust Inc. Announces Fourth Quarter 2017 Common Stock Dividend

18, 2017– Granite Point Mortgage Trust Inc. (NYSE: GPMT), a commercial real estate investment trust (REIT) focused on directly originating, investing in and managing senior floating rate commercial mortgage loans and other debt and debt-like commercial real estate investments, today declared a
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A banking mystery: Bridgeport thrift fails after CEO's sudden death

A low-profile, 104-year-old thrift in Chicago's Bridgeport neighborhood became the city's second bank failure of 2017 with no warning that the lender was troubled. Washington Federal Bank for Savings, a $166 million-asset institution that on paper was a simple mortgage lender, was closed Dec.
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India

Hines brings true world-class development, management and investment to India. With the help of world-renown architects, such as Robert A.M. Stern, Hines India has merged modern design with the highest standard of materials and construction to create award-winning properties. In the New Delhi
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Contact Center Service Specialist I in Lockport, NY at Key Bank

About the Job: In a financial services contact center environment, the Online Banking Specialist, will receive inbound service calls from our clients. While interacting with clients, the Online Banking Specialist, will answer inquiries, resolve issues, respond to client needs, uncover and explore opportunities
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Virginia Partners Bank to acquire stake in Johnson Mortgage Company, Inc.

Virginia Partners Bank, headquartered in Fredericksburg, agreed to acquire a 51 percent stake in Newport News-based Johnson Mortgage … The bank will then focus its mortgage production activities around its portfolio loan program under the leadership of senior vice president Robin Huddle. Virginia
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Housing Market to Remain Bullish in 2018

Tight inventory continued to boost home prices as housing activity remained upbeat towards the end of 2017, according to the Economic and Housing outlook released by Fannie Mae's Economic & Strategic Research (ESR) Group on Monday. The monthly forecast, which details interest rate movements
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Credit union sector 'stable' reveals Central Bank

The credit union sector has stabilised and lending has increased, according to the Central Bank, although it added there was still pressure on the … the second such report following one issued last February, the Central Bank said there had been growth in new lending and a decrease in the level of
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Hatch insists real estate provision wasn't added to win Corker's vote

Senate Finance Committee Chairman Orrin Hatch, a Utah Republican, vehemently disputed Monday reports that a provision to expand tax breaks for real-estate developers was added last minute into the Senate bill to win a key vote.
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Why banks are rushing to embrace agency and mobile banking services

Five branches of continental lender, Ecobank Rwanda, will be closed next month, bringing the number to 11 outlets phased out by the financial institution within a year. Announcing the closures, last week, Ecobank officials said the branches will be replaced by agency and digital banking. More banks
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Commercial Banking Relationship Manager, Aging Services

SunTrust has a career opportunity for a Commercial Banking Relationship Manager, Aging Services in Atlanta, GA.
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Frenchs Forest set to defy slowdown in Sydney housing market in 2018

SYDNEY'S housing market has been rapidly cooling but there's one northern beaches suburb set to defy the slowdown next year due to a raft of upgrades and transport links.
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Crossroads Systems Announces Acquisition and Board Changes

AUSTIN, Texas, Dec. 18, 2017 /PRNewswire/ — Crossroads Systems, Inc. (OTC Pink: CRSS), an intellectual property licensing company, announced that it has closed on the acquisition of Capital Plus Financial, LLC (CPF), a leading provider of affordable housing and mortgage financing to underserved
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REAL ESTATE PROFILE: Marblehead condo is ready for business

Location, visibility and street traffic — sensational for both foot and drive-by — make this commercial condo a triple threat. Officially this property has a Spring Street address, but it “lives” on the corner at the intersection of Spring, Elm and Sewall streets in Marblehead. By Barbara ForsterGateHouse
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First-Citizens Bank & Trust acquires Tampa-based HomeBancorp

TAMPA — North Carolina-based First-Citizens Bank & Trust Co. is acquiring Tampa-headquartered HomeBancorp, which operates HomeBanc. First Citizens Bank will pay $15.03 per share in cash, a Monday release said, and the deal is expected to close by mid-2018. “This agreement is a significant
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TPG Specialty Lending (TSLX) Given Daily Media Sentiment Rating of 0.08

TPG Specialty Lending (TSLX) Given Daily Media Sentiment Rating of 0.08

TPG Specialty Lending logo Press coverage about TPG Specialty Lending (NYSE:TSLX) has been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern
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Tech Bond Buyers Aren't Doing Their Canary Act Yet

Stock investors who are worried that technology shares have hit their peak in 2017 and could tumble in 2018 can take comfort: Bond investors don't share their concerns, and that's a good sign. While way overshadowed by bitcoin lately, shares of technology stocks have also had quite a run in 2017.
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The History of Bitcoin Crashes Shows This Selloff Could Get Worse

The crypocurrency's plunge from Monday's high of $19,511 to as low as $12,192 Friday isn't even particularly eye-catching on a logarithmic scale, used to compare relative percentage-point sizes of moves. At least three times since 2010, the first year for which Bloomberg prices are available, bitcoin has
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Suddenly, America's Trade Deficit Isn't So Awful

It was just covered up by massive tax avoidance. And that probably means that another big global rebalancing, with an attendant financial crisis, isn't looming. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners. To contact the author of this story:
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US Consumer Spending Tops Forecasts as Inflation Accelerates

The results “support Bloomberg Economics' forecast for consumer-spending growth to accelerate in the fourth quarter to the fastest pace since the beginning of the year. … Economists expect growth of 2.7 percent in the October-December period, based on the median estimate in a Bloomberg survey.
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Trump claimed credit for the housing market created by Obama — and Twitter wasn't having it

President Donald Trump was owned by Twitter when he tried to claim credit for a housing market boom made possible by the policies of his predecessor, President Barack Obama. It all started with this tweet. Home Sales hit BEST numbers in 10 years! MAKE AMERICA GREAT AGAIN. — Donald J.
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Four Senators Seek Longer Foreclosure Delay in Puerto Rico

A bipartisan group of United States senators wants federal housing agencies to extend a moratorium on foreclosures in Puerto Rico into 2019 after the devastation on the island and a big surge in mortgage delinquencies. The four senators said in a letter on Friday that a longer moratorium was needed
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Puerto Rico Homeowners Brace for Another Disaster: Foreclosures

For example, after Hurricane Maria, the federal government imposed a foreclosure moratorium on homes either backed by government-sponsored mortgage giants Fannie Mae and Freddie Mac, or those with Federal Housing Administration insurance. The FHA moratorium was recently extended to
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Mortgage Loan Originator at Isabella Community Credit Union

Mortgage Loan Originator Isabella Community Credit Union- Mount Pleasant Responsible for: ~Interviewing mortgage applicants and completing the mortgage application; ~Reviewing and evaluating information on mortgage loan documents ~Presenting applications to the credit committee for approval;
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Qualcomm and Broadcom Are Poised for a Bitter Battle in 2018

Qualcomm on Friday rejected the 11 director nominees picked by Broadcom and private-equity firm Silver Lake Partners, likely setting the stage for a bitter proxy battle between the chipmakers. Broadcom earlier this month took its first formal step to replace Qualcomm's board with its slate of nominees.
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credit card banking area, the descriptions show the word purchase with a number.Also in the

The transactions do appear in my feed but with no bank detail, only “Purchase” as the description for every transaction. Because of this, none of my rules are working and I can only match transactions to my receipts using amount and date. This also requires manual entry of any additional transaction
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Credit unions to take on banks with mortgage lending offers

Dozens of credit unions could be offering mortgages by the end of next year. A pilot project has been launched that will see a small number of the member-owned lenders offering home loans. If this proves successful it is expected that up to 30 credit unions could be issuing mortgages by the end of next
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Facebook Removed Millions of Posts Following Copyright, Trademark Complaints

Facebook announced Monday that it removed nearly 3 million posts, including videos, ads and other forms of content, from its services during the first half of 2017 following complaints of counterfeiting and copyright and trademark infringement. The worldwide data on intellectual property-related
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5 reasons Russia's banking system is heading for trouble

Russia's recent bailout of two major banks will cost the country billions of rubles. But the future of the Russian banking system, and its impact on the nation's economy, is still uncertain. Russia is finally emerging from a serious recession, with growth predicted for 2018. However, the recent rescue of B&N
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National Australia Bank has refunded 1.7m to mortgage customers after charging too much interest

NATIONAL Australia Bank has refunded $1.7 million to almost 1000 mortgage customers after charging them too much interest because it failed to … NAB's failure to link the offset accounts to mortgages meant that money held in the accounts did not reduce the interest payable on the home loans.
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Local contestant's dreams come true on 'Wheel of Fortune'

As people turn to their televisions Tuesday night to watch “Wheel of Fortune,” they will see a dream coming true for an area resident as Anne Townsend appears as a … With only three weeks before her taping, Townsend said she filled much of her free time practicing on the “Wheel of Fortune” app.
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Workforce Management Analyst

SunTrust has a career opportunity for a Workforce Management Analyst in Branch Banking.
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NAB refunds $1.7m in mortgage interest

NAB refunds $1.7m in mortgage interest. National Australia Bank has refunded $1.7 million to almost 1,000 mortgage offset account customers after charging too much interest. Australian Associated PressDecember 19, 201711:36am. National Australia Bank has refunded $1.7 million to almost 1,000
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Disney and Apple Head for Conflict, While Google and Facebook Burn

This article first appeared in Data Sheet, Fortune's daily newsletter on the top tech news. Sign up here. Good morning, and welcome to the sprint of a week that marks the end of a marathon year. Like companies everywhere, tech concerns are wrapping up 2017's projects and thinking about what comes
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PH, Thailand forge cooperation on banking supervision

The Philippine and Thai central banks have signed a memorandum of understanding (MOU) to foster greater cooperation on banking supervision between the two countries. The MOU signed last Sunday by Bangko Sentral ng Pilipinas Governor Nestor A. Espenilla Jr. and Bank of Thailand Governor
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Disney Reliance on Stock Keeps Powder Dry for Coming Battle

Disney Reliance on Stock Keeps Powder Dry for Coming Battle

Disney didn't borrow for Fox purchase, so balance sheet can be deployed when really needed. By. Tara Lachapelle. @taralach More stories by Tara Lachapelle. December 22, 2017, 11:00 AM PST. From. Photographer: Tomohiro Ohsumi. Walt Disney Co. truly is a magical place. It's managing to buy
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2017 Top Real Estate Deals: KCI renovation

In May 2016, Mayor Sly James hit pause on a single-terminal Kansas City International Airport modernization plan headed for the August ballot that year after polls showed that a majority of local voters opposed the roughly $1 billion project. James asked the business community to step up with a plan to
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US new home sales race to more than 10-year high in November

New home sales surged 26.6 percent from a year ago. That together with last month's surge in single-family homebuilding and sales of previously owned homes suggests the housing market is regaining momentum after stalling this year. Housing has been constrained by shortages of homes for sale,
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Swiss regulator slams JPM; Fannie, Freddie get a boost

Protection money: Fannie Mae and Freddie Mac will be permitted to reserve $3 billion in capital out of their quarterly earnings to allow the two government-sponsored enterprises to build a buffer against future operating losses. The move is designed to protect the two from “fluctuations in income in the
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International Business Machines Corp. (IBM) Shares Bought by Colony Group LLC

Colony Group LLC lifted its position in International Business Machines Corp. (NYSE:IBM) by 190.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,163 shares of the technology company's stock after buying an additional 5,357
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Fannie and Freddie to keep $3B in reserves

Fannie Mae and Freddie Mac, the country's two dominant mortgage giants, will get to keep $3 billion in capital in an agreement reached by the U.S. Treasury Department and the Federal Housing Finance Agency. The agreement is meant to help protect the companies from future losses, according to the
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Coordination between conventional and differentiated banks important inclusive growth: RBI

The central bank is also exploring the possibility of setting up wholesale and long-term finance (WLTF) banks focused primarily on lending to infrastructure sector and small, medium and corporate businesses. The central bank expects the heterogeneous banking structure to complement and compete
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Commentary: What Jack Ma Can Teach All of Us About the Key to Success

I was fortunate to attend the Fortune Global Forum in Guangzhou, China earlier this month and, as I reflected on the many high-level discussions that took place around the theme of “Openness and Innovation: Shaping the Global Economy,” it occurred to me that the discussions began to share a
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Philippine Peso Predicted to Be Asia's Worst-Performing Currency in 2018

The peso will slide to 51 per dollar by end of 2018, a loss of 1.5 percent from current levels, according to the median estimate of a Bloomberg survey, with a most bearish projection of 56. The currency will be undermined as the current-account deficit widens, while the central bank is slow to raise interest
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Can America's Power Grid Survive an Electromagnetic Attack?

The threat of nuclear war with North Korea has raised the stakes when it comes to defending against EMPs. By. Naureen S Malik. @naurtorious More stories by Naureen S Malik. December 22, 2017, 2:00 AM PST. Last month, federal agencies and utility executives held GridEx IV, a biennial event where
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Blackstone Mortgage Trust closes $1B CLO

+852 2533 3565 APAC +44 (0) 20 7176 1234 EMEA. Thursday, December 21, 2017 5:26 PM ET Blackstone Mortgage Trust closes $1B CLO. By Tiffany Rodgers. The transaction finances pari passu participation interests in 31 of the company's portfolio loans at an effective advance rate of 81.75%.
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Roche to Buy US Cancer-Drug Maker Ignyta for $1.7 Billion

Roche Holding AG agreed to acquire U.S. biotech Ignyta Inc. for $1.7 billion, following Bayer AG in buying into a class of experimental cancer drugs that home in on a specific mutation across many types of tumors. Ignyta investors will get $27 a share in cash, the companies said in a statement Friday.
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Bastion of Financial Stability Is Now Home to Marijuana Startups and Bitcoin Miners

When Hive Blockchain Technologies Ltd. was looking to tap into the cryptocurrency fervor by going public, Canada's junior stock exchange was the obvious choice. The bar for listing was low. Retail investors, used to the rise and fall of penny stocks, were eager for the next hot thing. To help ensure a
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Tax bill may squash your dream of a second home

If you already have a $750,000 mortgage and plan to buy a second home next year, you will not be able to deduct the interest on that loan, according to Tim Steffen, director of advanced planning at Baird Private Wealth Management. If you have a smaller mortgage, let's say $600,000, up to $150,000 of
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Comerica Bank Increases Holdings in Enova International Inc (ENVA)

Comerica Bank boosted its stake in Enova International Inc (NYSE:ENVA) by 43.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,466 shares of the credit services provider's stock after purchasing an additional 10,775
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Puigdemont Demands Spain End Arrest Threat After Catalan Win

Deposed Catalan President Carles Puigdemont demanded the Spanish government recognize his victory in Thursday's regional election and drop its arrest warrant to let him end a self-imposed exile in Belgium and return to power. “I will return to be sworn in if the right guarantees are offered,”
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Is it possible to stack my non-refundable tax credit

Credits stack in the order dictated by the tax code. I'm not sure where the MCC goes in the stack, but changing it is not an option.
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Congress Averts a Shutdown But Now Faces a Messy 2018 Start

The Republican-controlled Congress managed the bare minimum task of keeping the government open before the holiday recess, yet made little progress on a medley of divisive fiscal and social issues it will now be forced to confront in January. Among these are resolving a long-running dispute over
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Coinbase Goes Down as Bitcoin Plunges

The company has yet to issue a statement explaining the outage, though a person familiar with Coinbase told Fortune it was the result of large traffic and trading volume, and not malicious activity. The person also disavowed rumors, circulating on corners of Reddit and social media, that Coinbase faced
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Louisiana, Sinking Fast, Prepares to Empty Out Its Coastal Plain

The draft plan, a portion of which was obtained by Bloomberg News, is part of a state initiative funded by the federal government to help Louisiana plan for the effects of coastal erosion. That erosion is happening faster in Louisiana than anywhere in the U.S., due to a mix of rising seas and sinking land
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Blockchain lending

Blockchain lending

Lending DApp builds on the concepts of peer-to-peer lending and decentralized protocols such as Bitcoin. In this blog, we will look at why SALT chose to develop a blockchain-backed lending platform. I copy trade. Visit today. Blockchain in Banking: A Measured Approach Blockchain is emerging as a
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Home Improvement Loans

You have big home improvement plans in mind and probably sketched on paper. How will you finance them? Turn to United Bank's Home Improvement Loans, designed specifically for major upgrades and renovations, to turn your house into a dream home. We make the application process easy and
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November Home Sales Skyrocket

It was a November to remember for new home sales, according to data from the U.S. Census Bureau and the Department of Housing and Urban Development. Sales of new single-family houses last month were at a seasonally adjusted annual rate of 733,000, a 17.5 percent spike from the revised
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2017 Top Real Estate Deals: City Club Apartments

City Club Apartments is an owner/developer of luxury rental apartments with approximately 10,000 units in 30 apartment communities, $2 billion in real estate assets and $500 million under development/construction. The project won't be designed exclusively for the wealthy. It will include units for all
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Tax plan keeps mortgage interest, property tax deductions.

CNBC's Diana Olick reports the impact of the tax reform bill on property tax and mortgage interest deductions.
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Divaris Real Estate's Hampton Roads Office Completes Four Lease Transactions

VIRGINIA BEACH, VIRGINIA: Divaris Real Estate, Inc. (DRE) announces the completion of four transactions for 8,510 square feet of commercial space throughout Hampton Roads, Virginia. Lease Transactions. Landstown Commons, Virginia Beach, VA. The Casual Pint leased 2,960 square feet of retail
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Gundlach's Doubleline To Produce Mortgage-Backed Securities In-House

DoubleLine Capital is embarking on a plan to originate and securitize mortgages, seeking to fill a niche that has traditionally belonged to banks and brokerage firms. The Los Angeles-based money manager, headed by Jeffrey Gundlach, is starting an investment advisor called Mortgage Opportunities
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News From NAMB: December 22, 2017

The landmark tax reform bill has now officially passed both houses. We would have to say the big winners are people who rent, corporations, and high-earners. Real estate and mortgages were affected negatively, but due to the work of those in the industry it could have been much worse. The mortgage
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2017 Top Real Estate Deals: Gallery 115

The project, tentatively called Gallery 115, is on 37 acres of an undeveloped portion of Sprint Corp.'s headquarters campus at the northwest corner of 115th Street and Nall Avenue. The developer, 115 Land Investors LLC, is a partnership between BRES and The Retail Connection LP of Dallas.
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Asset Management Advisors LLC Increases Stake in International Business Machines Corp …

Asset Management Advisors LLC increased its holdings in International Business Machines Corp. (NYSE:IBM) by 11.0% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 53,816 shares of the technology company's stock after buying an additional 5,312
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2017 Top Real Estate Deals: Corporate Woods sale

Corporate Woods is the second Overland Park acquisition for New York- and Montreal-based Group RMC Corp. In 2016, the company bought a five-building portfolio for $94 million near College Boulevard and Metcalf Avenue. The deal is another example of the recent uptick in outside money flowing
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Serious delinquencies mount in hurricanes' wake

Of the 77,000 loans that were by 90 days or more late during the month, over 85% or 66,000 were delinquent on their payments because of the two late summer storms that struck Texas and Florida, Black Knight said in its November first look report. More than 85,000.loans are 90 days or more late on
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The List: Dayton-Area US Small Business Administration Lenders

Here's our annual list of the area's SBA lenders, ranked by loan volume. The data comes from the U.S. Small Business Administration Columbus District Office, and is for loans disbursed between Oct. 1, 2016 and Sept. 30, 2017 to businesses within DBJ's nine-county area, through the Cincinnati and
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Trump Signs Tax Bill Into Law

CBS News reported that the White House was waiting for Congress to pass a short-term spending bill that suspended the “pay-go” rule, which required the new tax cuts to be paid for with automatic spending cuts to offset the cost. Congress passed the stopgap spending bill yesterday, which provides
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Free Research Reports on These Banking Stocks — Comerica, Mitsubishi UFJ Financial, First …

Pre-market today, WallStEquities.com monitors the recent performance of Comerica Inc. (NYSE: CMA), Mitsubishi UFJ Financial Group Inc. (NYSE: MTU), First Republic Bank (NYSE: FRC), and JPMorgan Chase & Co. (NYSE: JPM). Money Center Banks are similar in structure to common banks, but their
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Trump Signs $1.5 Trillion Tax Cut in First Major Legislative Win

President Donald Trump signed the Republican tax-overhaul bill to little fanfare on Friday, delivering a major tax cut to U.S. corporations along with a package of temporary cuts for other businesses and most individuals. “We are cutting taxes,” Trump told reporters in the Oval Office before signing the
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Insider Buying: Oaktree Specialty Lending Corp (OCSL) Director Buys $136436.16 in Stock

Oaktree Specialty Lending logo Oaktree Specialty Lending Corp (NASDAQ:OCSL) Director John Frank purchased 28,784 shares of the firm's stock in a transaction dated Friday, December 15th. The stock was acquired at an average cost of $4.74 per share, with a total value of $136,436.16.
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Rams' scramble to replace NFL's best kicker yields day-time trader banking on break

Rams' scramble to replace NFL's best kicker yields day-time trader banking on break. play. Rams' SB chances in jeopardy with Zuerlein out? (1:59). Mike Golic and Trey Wingo explain how critical Pro Bowl kicker Greg Zuerlein was to the Rams' high-powered offense before being placed on IR. (1:59).
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These were the biggest commercial real estate sales in Jefferson County in 2017 (SLIDESHOW)

There was no shortage of big deals when it came to Louisville-area commercial real estate in 2017. More new development was announced and a number of staple properties changed hands in huge deals during the year, including Hurstbourne Plaza and the Hurstbourne Business Center, the Hyatt
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How the Carried Interest Break Survived the Tax Bill

A split inside the White House helped preserve a loophole that benefits investment fund managers in the tax bill that's headed for President Donald Trump's desk — despite Trump's campaign promise to abolish it. White House economic adviser Gary Cohn wanted to end the carried interest break, while
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Chennai Associate Manager – Human Resource Leading Life Insurance

Chennai Associate Manager – Human Resource Leading Life Insurance

Job Description for the post of Chennai Associate Manager – Human Resource Leading Life Insurance in Fortune HR Consultants in Chennai for 3 to 8 years of experience. Apply Now!
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Business Briefs: Ruby Tuesday sold, new CEO is named

The five-year adjustable-rate mortgage rate hit the highest level since mid-2011. Mortgage giant Freddie Mac said Thursday that the rate on 30-year fixed-rate mortgages rose to 3.94 percent, up from 3.93 percent last week. They stood at 4.30 percent a year ago. The rate on 15-year fixed-rate mortgages,
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FHFA: Home Prices Rose in October

Home prices rose 0.5 percent month-over-month in October 2017, according to the Federal Housing Finance Agency's (FHFA) recently released House Price Index (HPI). The HPI year-over-year—based on prices for homes with Fannie Mae- or Freddie Mac-backed mortgages—was up 6.6 percent.
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Retail Apocalypse Becomes Retail Euphoria

Brick and mortar sales trends have seen a resurgence in 2017 amid weakening growth in e-commerce. …. Second, grocery-anchored and higher-quality REITs continue to outperform, a continuation of the trend of bifurcation within the retail real estate space that we have noted for several quarters.
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Podcast 132: Camilo Concha of LendingUSA

The point of sale lending space is really interesting to me. Even though point of sale platforms are providing unsecured consumer loans they have some unique advantages over typical online consumer lending platforms. In many cases, their customer acquisition cost is lower and where loans are
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OCC: American approach to paying the mortgage pretty much same as last year

It monitors 18.4 million first-lien mortgage loans with $3.32 trillion in unpaid principal balances. This $3.32 trillion represents 33% of all residential mortgage debt outstanding in the United States. The report shows 94.8% of those mortgages are current and performing at the end of the quarter, the same
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2 Stocks That Are Setting Up to Move: Oaktree Specialty Lending Corpo (OCSL), C&J Energy …

Oaktree Specialty Lending Corpo (NASDAQ:OCSL) shares ended at $4.92 with 1.1 mln shares exchanging hands. That puts the market capitalization at $710.05 mln. It opened the session with a $4.83 price tag, later ranging from $4.83 to $4.95, the range at which the stock has traded at throughout the
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California Home Sales Down Slightly

November home sales in California took a mild drop from a year ago while the median sales price scored their greatest year-over-year gain since January 2016, according to new data from the California Association of Realtors (CAR). Last month saw 440,340 existing single-family homes sold, which is
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Bitcoin May Not Yet Control Your Wallet, But It Can Control Your Sex Toys

It's been a bloodbath for cryptocurrencies like Bitcoin, Litecoin, and Ethereum in the past 24 hours. And that's bad news for investors as well as folks hoping for a different, more intense kind of enjoyment. CamSoda, the adult entertainment platform unveiled BitCast, which lets users pair their vibrator or
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Realtor of the week: Real estate 'a natural fit' for Simpson

Houston is a resilient city. Houston has been through a lot this past year, especially with the Memorial Day flood and Hurricane Harvey. Yet, Houston continues to be a top place to live. “Our city has continued to grow and remains one of the most affordable places to live in the nation. Our real estate
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College Football Teams Mount Blitz to Lock In Donors' Tax Breaks

Colleges are rushing to help wealthy donors lock in a federal tax break, which subsidizes the sales of college sports tickets and costs taxpayers $200 million a year. As part of the tax overhaul, lawmakers scrapped a provision that enables alumni and other boosters to consider much of the cost of buying
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Trump officially signs tax reform bill into law

One selling point of the final version to the housing industry is that it kept the capital gains provision intact. This provision allows married couples filing their taxes jointly to exclude up to $500,000 in capital gains on the sale of a home, as long as they have used it as a primary residence for at least two of
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Deserving American hero to receive custom-built, mortgage-free home

Operation Finally Home and the Houston Texans surprised U.S. Army Sgt. John Kadleck and his family with the news that they'll be moving into a custom-built, mortgage-free home built by Beazer Homes on a lot donated by The Howard Hughes Corp. in The Woodlands, in 2018. The surprise took place
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Hot US new homes market sees biggest jump in 25 years

The increase pushed the volume of sales to a fresh 10-year record, putting the pace at its fastest since before the US housing crisis erupted. The hot market also meant the supply of homes for sale shrank markedly, with biggest monthly drop in 21 years, the Commerce Department reported. Despite the
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Take Advantage of 1% Down Payment Option Before It Ends

Higher limits may apply if you live in a high-cost area, or if you're in an area Freddie Mac considers underserved, they may not apply at all. For the best chance of qualification, your debt-to-income (DTI) ratio should be no higher than 45%. In some cases, you may be able to get approval at 50%.
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Why Successful Entrepreneurs Choose Startups Over Stocks

Looking for a defensive strategy usually means increasing exposure to an asset class that isn't correlated with stocks or bonds—whether it's gold, or Bitcoin, or real estate, or your brother-in-law's latest invention. Each of these assets is risky in its own right, of course—and to put most or all of your money
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Is Buying Eros International Plc (NYSE:EROS) Here Good Idea?

The stock of Eros International Plc (NYSE:EROS) registered an increase of 0.75% in short interest. EROS's total short interest was 12.82 million shares in December as published by FINRA. Its up 0.75% from 12.72M shares, reported previously. With 506,400 shares average volume, it will take short
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How Blockchain Could Revolutionize Commodity Markets

Shelley Goldberg at shelleyrg3@gmail.com. To contact the editor responsible for this story: Max Berley at mberley@bloomberg.net. Before it's here, it's on the Bloomberg Terminal. LEARN MORE. Comments. Bloomberg Prophets. Professionals offering actionable insights on markets, the economy and
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South Florida real estate's top stories of 2017

Fake buyers, canceled projects, secret backers and heaps of broker drama made South Florida's real estate market a hotbed of intrigue in 2017. Top condo developers were forced to reckon with a stuttering high-end residential market, exacerbated by Hurricane Irma, a tighter lending environment and
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Federal National Mortgage Association (FNMA) Rating Reiterated by Keefe, Bruyette & Woods

Federal National Mortgage Association (OTCMKTS:FNMA)'s stock had its “underperform” rating reiterated by investment analysts at Keefe, Bruyette … Receive News & Ratings for Federal National Mortgage Association Daily – Enter your email address below to receive a concise daily summary of the
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Home Sales Surge to 10-Year High

Home Sales Surge to 10-Year High

America's housing market appears poised to go out like a lion this year, as a pair of real estate reports this week showed home sales climbed to their highest level in a … Sales of new houses clocked in at a seasonally adjusted annual rate of 733,000, according to a Friday report from the Census Bureau.
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Even With Trump Minerals Order, US Miners Face Uphill Battle With China

“Without further details on how the U.S. can actually compete with China on a cost basis, the current cost structure for someone in the U.S. is so much higher that the economics don't work,” Richard Bourke, senior analyst at Bloomberg Intelligence in New York, said Thursday by phone. “The U.S. is not a
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Steelworkers Feel Abandoned by Trump as Layoffs Loom at ArcelorMittal-owned Mill

Despite President Donald Trump's promises to bring back steel manufacturing, many steel mill workers are facing layoffs. For example, ArcelorMittal-owned mill in Conshohocken, Penn. announced in September that it would cut 150 of 207 jobs based on seniority. Many steel workers who voted for
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Your top 10 HMDA questions answered: Part 7

“The lender that underwrites the loan reports the loan on their LAR, so non-delegated correspondents would not report,” ComplianceTech told HousingWire. “Those who underwrite the loan and sell the loan, servicing released, immediately following closing will be required to report all the fields.”.
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Bitcoin Growing Pains Even More Pronounced as Price Takes a Dive

Goldman Sachs Group Inc. is said to be setting up a trading desk to make markets in digital currencies such as bitcoin, Bloomberg News reported Thursday. The news comes in the weeks after Cboe Global Markets Inc. and CME Group Inc. started offering bitcoin futures. Other major exchanges like
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New Tax Plan is Good for REITs ETF Investors

The new U.S. tax law legislation could be a boon for real estate investment trusts and REITs-related exchange traded funds as they will foot a smaller tax bill on dividends under the new plan. The new tax plan comes with a deduction for pass-through businesses or income derived from commercial
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JP Morgan Chase & Co Downgrades Choice Hotels International (NYSE:CHH) to Underweight

TheStreet raised shares of Choice Hotels International from a “c+” rating to a “b” rating in a research note on Wednesday, October 18th. Zacks Investment Research upgraded shares of Choice Hotels International from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a
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NRMLA Names 2018 Executive Officers and Board

The National Reverse Mortgage Lenders Association (NRMLA) has formally announced the members of its 2018 Board of Directors. … year-long term: Co-Chairs Joe DeMarkey of Reverse Mortgage Funding and Reza Jahangiri of American Advisors Group (AAG); Vice Chair Sherry Apanay, Finance of
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Mortgage Loan Originator in Edinburg, TX at Staffing Now

New Career Opportunity! Staffing Now has an opening for a Mortgage Loan Originator in Edinburg, TX.
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Belgian authorities hit gang moving cash for parallel bank

Belgian prosecutors say they've broken up a money laundering ring trying to transfer cash from Africa to set up a parallel banking system. The Crown Prosecutor's office said Friday that several raids have been launched around Brussels since April and that four people have been arrested, and cash and
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Nike: The Best Defense Is…Oh Nevermind

Although Nike's top- and bottom-line beat expectations, other metrics were weak, including a decline in North American sales and an increase in inventory. Analysts are weighing in on the stock today, and despite the stock's fall none were willing to come off the sidelines and advocate buying on
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20000 People Want Matt Damon Removed From 'Ocean's 8'

Matt Damon only has a small cameo in the upcoming Ocean's 8, but a petition circulating online has almost 20,000 signatures calling for the actor be removed from the film entirely. Ocean's 8 is an all-female reboot of the original that is meant to be empowering for women. (Watch the trailer here, courtesy
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Phil DaCosta named VP of business development at Cook & James

Based in the Atlanta suburb of Alpharetta, Cook & James attorneys serve real estate closing needs in Georgia, New York, Connecticut and South Carolina. The firm was recently added as a network partner with national real estate eClosing software platform, Pavaso. phil_dacosta. DaCosta will be
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Bannon and Lewandowski Are Asked to Testify to House Russia Investigators

President Donald Trump's former chief strategist Steve Bannon and his former campaign manager Corey Lewandowski have been asked to testify to House lawmakers investigating Russian interference in the 2016 election. Both men were sent letters this week by the House Intelligence Committee
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Two Stocks Seeing A Clear Path Ahead: Oil States International, Inc. (OIS), Social Reality, Inc …

For Oil States International, Inc. (NYSE:OIS) Thursday was another day of strong-handed buying, with the low volume day punctuated by a rise from previous close. Trading activity stretched to 0.79 million shares from the 90-day average tally of 0.82 million shares per day. The price at the open on
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PRMI Giving Network Delivers Backpacks and School Supplies to Needy Students

Primary Residential Mortgage Inc. (PRMI) has announced the formation of the PRMI Giving Members from Primary Residential Mortgage Inc. (PRMI) recently distributed 2,900 backpacks to six elementary schools across the nation in partnership with the Kids In Need Foundation (KINF). PRMI delivered
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Bitcoin Traders Claim There's Method to Their Madness

“It's one of the most inefficient markets I've ever seen,” said Arjun Balaji an engineer who trades cryptocurrencies and surveyed the dot-com bubble from his vantage point in kindergarten. Balaji has been buying bitcoins since 2012, and has recently made hundreds of thousands of dollars by day trading
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Nations of World at UN Humiliate Trump with Massive Vote for Palestinians

Turkey's president Tayyip Erdogan spoke for a lot of the world when he told Trump, “you cannot buy our will with dollars. Erdogan lamented that the US, the cradle of democracy, had stooped to buying international votes with its aid. The foreign minister of Iran, Mohammad Javad Zarif, said that the world
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Republican tax plan to dent US home sales next year

“In major metropolitan areas where property values are high and taxes tend to be high as well, the middle-class family is going to get hit by that,” said Joel Naroff, chief economist at Naroff Economic Advisors, a Pennsylvania-based consultancy. The new rules should spur people to buy cheaper homes
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Mozambique sees falling inflation, cuts key lending rate

Mozambique's central bank reduced its benchmark lending rate on Friday by 150 basis points to 19.5 from 21 percent, APA can report on Friday.A media release from the bank's Monetary Policy Committee (CPMO), which met in Maputo in the morning for its last meeting of the year, said it reduced the
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Top banks' mortgage performance unchanged in 3Q: OCC

Top banks' mortgage performance unchanged in 3Q: OCC

The performance of mortgages held by the top banks was largely unchanged from a year ago with 95% of loans current and performing at the end of the third quarter, the Office of the Comptroller of the Currency said Friday. The OCC's Mortgage Metrics Report found that foreclosure activity fell 28.5% in
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Uzbekistan to introduce mobile banking for individuals

The Central Bank of Uzbekistan has announced the development of a plan for the introduction of mobile banking for individuals. This measure will be taken for further development of online banking in the country and full coverage of holders of bank cards by all commercial banks. Meanwhile, testing of
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Weekend betting tips: Four bets that could make you a fortune

There is top quality horse racing, there is Premier League action and inter-provincial clashes in the PRO14. We got three of our four bets up last weekend and have high hopes for this one. Here's our best bets: Unowhatimeanharry 2.25 Ascot Saturday 7/4. Barry Geraghty riding Unowhatimeanharry
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Much-Feared Tax Bill Pays Dividends for Tech Workers

The U.S. tax overhaul is a boon to Silicon Valley technology companies like Apple and Alphabet, which will enjoy big tax cuts and the chance to bring back billions of dollars from overseas at a reduced rate. And contrary to the dire warnings of California officials, a large swath of Bay Area workers and
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Will alternative credit scores really help close more mortgages?

KEYWORDS Alternate Credit Scoring FICO Freddie Mac reaching the credit invisible. question mark. Alternative credit scoring is a pretty big buzz term going around the industry these days. The most recent HousingWire cover story revolves, and goes much deeper (paywall), into this very same issue.
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Real-estate transactions: Dec. 22, 2017

820 Stonebridge Drive, Metamora, Jeffrey and Carol Tussey to Sea Level Real Estate Holdings LLC, $305,000. 903 Mulberry Court, Germantown Hills, Matthew and Stephanie Baughman to Cartus Financial Corporation, $377,500. 903 Mulberry Court, Germantown Hills, Cartus Financial Corporation to
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Wicomico County is accepting prepayment of July 2018 real estate taxes

WICOMICO COUNTY, Md. – Due to rising requests from citizens, the County Executive has authorized the Department of Finance to accept pre-payments of the July 2018 real estate tax from those interested in participating, pursuant to the requirements listed. The pre-payment window will reportedly
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Data Breach Exposes 123 Million US Households

Experian told Fortune that the data exposure was due to no fault of its own IT systems, unlike what happened to Equifax (efx) earlier this year. “This is an Alteryx issue. The data in question does not include any personally identifiable information, or any consumer credit information, and poses no risk of
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Commentary: Real Estate Investors Will Love This Last-Minute Change to the Tax Plan

A last-minute change to the just-passed tax plan that would benefit real estate investors like Donald Trump should surprise no one. He loudly opposed 1986 tax reform legislation because it shut down tax shelters for real estate investors like him. So, it's only natural that the Trump-GOP tax plan creates
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MLO Kara Heath Joins GSF Mortgage

GSF Mortgage Corporation has announced the addition of Kara Heath as a Mortgage Loan Originator in the company's Evansville, Ind. branch. A lifelong Indiana native and a graduate of Southern Indiana University, Kara brings eight years of experience in the mortgage industry with her to her new
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buying smartphone in peru, unlocked for international use.

Since smartphone has broke during a long trip, i´m looking to buy another….So can anyone assist where i can buy an unlocked smartphone for international use. i also understand that some phones may have limited bands, making their usefulness…
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RBI report sees easing of banking sector's NPA woes

The financial performance of banks in India, especially public sector banks (PSBs), was weighed down by high provisioning on account of non-performing assets. As a result, PSBs reported net losses for the second year in a row. Private sector banks, however, posted a muted increase in profits during
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Top 10 most read articles on Mortgage Solutions this week – 22/12/2017

Digitisation of mortgages has been a key theme this week, as Principality also rolls out a video mortgage advice service. But Habito says people still find a human more reassuring than a computer. Looking ahead to next year Phil Whitehouse argues that brokers may want to go DA in 2018, while
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Six Islanders appointed to PEI housing task force

John Horrelt, Terry Hennessey, Karen Brodeur, Christina MacLeod, Robert Haggis and Bruce MacDougall will form the Housing Supply Task Force that will serve from January to June 2018. The task force aims to enhance government's understanding of housing market trends and identify opportunities
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Orders for US Capital-Goods Ease After Robust October

Orders placed with U.S. factories for business equipment fell in November after a sharp upward revision to the previous month, consistent with an upswing in corporate investment that's helping propel the economy. Bookings for non-military capital goods excluding aircraft eased 0.1 percent last month,
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Business Consultant Submits Perfect Bill

“A frenzied demand for coins with limited supply has now led to unsophisticated investors holding the bag at the top,” Oanda Corp. trader Stephen Innes told Bloomberg News. Eventually you are going to run out of people to sell bitcoin to, and maybe Paul Krugman's barber's brother-in-law was the last
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The home equity loan interest deduction is dead. What does it mean for homeowners?

These are loans that can be taken out by homeowners using their home equity. Home equity is the difference between a home's market value and the remaining balance on the mortgage. Homeowners have two options: they can take out a home equity loan, which is a one time loan with a fixed interest
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Niagara Falls mortgage agent among judges for 2018 Westminster dog show

Stephen Dainard's work as a dog show judge has taken him around the globe, but he was especially excited when he got the call to represent Canada at a competition early next year in New York. The 53-year-old mortgage agent from Niagara Falls, Ont., has been invited to be a panelist at the
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What Is Bitcoin Good For?

This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners. And what of it, you may ask? People have been buying Hummel figurines for decades, haven't they? But the situations are not quite parallel. For one thing, people who buy Hummel figurines like to
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Novogratz Halts Hedge Fund, Says Bitcoin May Drop to $8000

Michael Novogratz, the former macro manager who's turned into one of the biggest champions of bitcoin, shelved plans to start a cryptocurrency hedge fund and predicted that the digital money may extend its plunge to $8,000. “We didn't like market conditions and we wanted to re-evaluate what we're
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24152 fortune dr, lake forest, ca 92630

24152 fortune dr, lake forest, ca 92630

Visit RE/MAX for a home value approximation for 24152 FORTUNE DR today. Look through RE/MAX home values listings to address your real estate needs.
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Tidal, Streaming Music Service, Offers Free Trial Starting Dec. 25

If you've been interested in checking out streaming music service Tidal, co-owned by rapper Jay-Z and Sprint (but not Apple), you can give it a spin for free over the holidays. The company is offering a free, 12-day preview of the service starting December 25th. The trial includes Tidal's full library of music,
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Initiative Dvlpmt Mgr in Cleveland, OH at Key Bank- Corporate

New Career Opportunity! Key Bank- Corporate has an opening for a Initiative Dvlpmt Mgr in Cleveland, OH.
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North Korea May Be Behind the Latest Bitcoin Heist in South Korea: Report

Looks like someone was eager to get in on the bitcoin action, but not willing to pay for it. According to a Wall Street Journal report, someone hacked South Korean bitcoin exchange Youbit earlier this week, stealing about 17% of its assets. The heist caused the exchange to collapse, and investigators
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WhatsApp lies again: No banks are closing down and your deposits are safe

In its second such clarification this year, the Reserve Bank of India has reiterated that any bank placed under Prompt Corrective Action (PCA) framework will not close down and operations directly involving the general public remain unaffected. “The Reserve Bank has clarified that the PCA framework is
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Editor's Note: Merry Christmas from Mortgage Strategy

As hard as it may be to believe, another year is drawing to a close. As with every year, the mortgage industry has had its share of ups and downs in 2017 and, in our year in review feature, we document the biggest events to impact the market in the past 12 months, including the Bank base rate rise,
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CEE MARKETS-Crown eases as Czech central bank could keep rates on hold

Hungarian bonds bucked the trend and stayed steady near record lows as the central bank published details of its new long-term interest rate swap and mortgage note buying programmes aimed at boosting mortgage lending at low fixed rates. “No big news there, but that was still enough to buoy the
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4 Things Real Estate Agents Can Teach You About Business

Just 34% of buyers found their home through a real estate agent. Your business needs to jump on trends, in this case the Internet, and diversify the way that you generate leads. It's imperative to utilize the latest and greatest technology to remain profitable. In many cases, time and money are saved when
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10 Must Reads for the CRE Industry Today (December 22, 2017)

Treasury Will Allow Fannie, Freddie to Retain Small Capital Buffer “Mortgage-finance giants Fannie Mae and Freddie Mac will retain some of their quarterly earnings as part of an agreement between the Trump administration and their regulator to allow the companies to build a small buffer against future
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Freddie Mac Pfd P (FMCCP) Relative Momentum On the Rise

Drilling into the technicals for Freddie Mac Pfd P (FMCCP), we have noticed that the Relative Momentum Indicator, or RMI, has been trending higher over the past week. Traders will be actively monitoring current levels as the shares potentially close in on overbought territory. Similar to RSI, the RMI
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Triton International Limited (TRTN) Given Average Rating of “Buy” by Brokerages

Triton International logo Triton International Limited (NYSE:TRTN) has been given an average recommendation of “Buy” by the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating
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The Emperor's Limo & other wheels of fortune

The Emperor's Limo & other wheels of fortune. ET Bureau|. Dec 22, 2017, 11.28 PM IST. 0Comments. Car-bccl The vehicle has become an iconic status symbol, its pre-eminence assured by the country's emperor having endorsed it as his preferred set of wheels. A junior babu petitioned his boss for a
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China IPOs In New York Rebound To 16 In 2017, Online Lender Lexin Aces Nasdaq

China IPOs in the U.S. have rebounded this year, with 16 Chinese companies going public on Nasdaq and the New York Stock Exchange, matching the number of Chinese IPOs in 2014 and showing a considerable uptick since earlier this decade when investor sentiment toward China soured in the
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Those $1000 Bonuses AT&T Promised Its Employees Could Save It $28 Million

AT&T's announcement this week that it would give $1,000 bonuses to more than 200,000 workers after Trump signed the new tax plan? Not as altruistic as it might seem. The timing of the announcement was key, as it could allow AT&T to record the expense in 2017 for tax purposes, notes The Wall
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Polish 10-year yields seen retaining wide gap over Hungary

Its new long-term interest rate swap and mortgage note buying programmes are aimed at boosting mortgage lending at low fixed interest rates. While Hungary's inflation is not seen exceeding its target in coming years, Central Europe's robust growth, driven by tight labour markets, is seen fuelling
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Mozambique cuts key lending rate to 20.50 percent

MAPUTO, Dec 22 (Reuters) – Mozambique's central bank reduced its benchmark lending rate by 150 basis points to 20.5 percent, the regulator's website showed on Friday. The Bank of Mozambique said its monetary policy committee had also decided to reduce the monetary policy interest rate, or MIMO
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Governor Kasich signs 15 bills into Ohio law

HB 199 (Blessing) Creates the Ohio Residential Mortgage Lending Act for the purpose of regulating all non-depository lending secured by residential real estate, limits the application of the current Mortgage Loan Law to unsecured loans and loans secured by other than residential real estate, and
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The Latest News in Westchester's Burgeoning Business Scene

… live on the BCW website in the first quarter of 2018, and will feature the most up-to-date information on a wide variety of topics and issues impacting business in the county such as demographics, workforce data, housing, education, local government, transportation, infrastructure, and real estate trends.
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Brazil: Bank lending improves with the economy – Rabobank

The latter follows a slower lending by federal institutions, amid a (necessary, healthy) removal of quasi-fiscal stimuli. Investment headwinds also play a role. The incoming data continue to signal a declining trend in NPLs, which pave the way for lower spreads. Credit conditions are also improving on the
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Delray sues Fortune 500 opioid makers for 'worst drug scourge ever'

Delray Beach filed a federal lawsuit Thursday against some of the largest drug-makers and distributors in the country, holding them responsible, in part, for an opioid epidemic that has cost local taxpayers millions of dollars. The city spent about $3 million responding to more than 700 opioid calls last
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