Lloyds Banking Group offers $69 million for customers hit by Carillion collapse

Lloyds Banking Group offers $69 million for customers hit by Carillion collapse

LONDON, Jan 18 (Reuters) – Lloyds Banking Group on Thursday announced 50 million pounds ($69.40 million) in emergency funding for small businesses hit by the demise of construction firm Carillion. Small businesses customers that were in the firm's supply chain will be able to apply to have fees on
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Commentary: Don't Buy Kodak's New Cryptocurrency. Buy its Stock Instead.

Kodak, once the iconic brand of pre-digital photography, just announced it will launch its own cryptocurrency: KodakCoin. So far, however, it has released very limited information about how this venture will work. Meaningful detail is at a premium on the Kodak website, and to call what we have seen so
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What could attract nearly 200 female mortgage execs to Dallas today?

The NEXT conference is the first of its kind and focuses on women who are C-suite & senior execs in mortgage lending. The show kicked off to a promising start, despite cold temperatures and a much-rowdier conference being hosted by Whole Foods across the hall. “People are loving NEXT,” said
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KeyBank Provides $54.8M Freddie Mac Refinancing for 193-Unit Apartment Community in Seattle

The mixed-use property includes five floors of apartments, ground-floor retail space and an underground garage. SEATTLE — KeyBank Real Estate Capital has provided $54.8 million in Freddie Mac financing for the 193-unit Angeline Apartments in Seattle's Columbia City neighborhood. The community
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Hanna Holdings invests in Seattle real estate tech firm

Hanna Holdings, the holding company for Howard Hanna Real Estate Services, announced on Thursday it has invested in a Seattle-based real estate technology firm that provides a suite of tools to make agents more productive. The O'Hara real estate company first partnered with Moxi Works in August
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National Multifamily Housing Council Releases Data and Insights on 'The Apartment of Tomorrow'

WASHINGTON–(BUSINESS WIRE)–We live in an age of disruption and the multifamily industry, historically slow to adapt to change, is especially at risk. The National Multifamily Housing Council (NMHC) today released the 2018 Consumer Housing Insights Survey, alongside an in-depth trends report,
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Contego gets the nod for Open Banking ID checking

Contego has been appointed to support Open Banking's identity proofing and verification processes, using a single API for high-speed onboarding. The streamlined process, in-line with government standards, includes: online application, ID verification in real-time, and mobile ID document capture.
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Zephyr Real Estate's Vice President of Marketing Featured on GeekEstate Blog

18, 2018 (GLOBE NEWSWIRE) — Melody Foster, Vice President of Marketing for Zephyr Real Estate, was recently featured on the resource for real estate … GeekEstate was launched in 2007 by Drew Meyers as a resource for real estate professionals to learn how to maximize the use of technology and
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A Request; Should Fannie and Freddie Update Their Credit Requirements?

There is a rather unusual request up on the Federal Housing Finance Agency's (FHFA's) website. Two FHFA analysts, saying that the issue of updating the credit score requirements for Fannie Mae and Freddie Mac (the GSEs) is among the most difficult they have faced, are personalizing an earlier
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80% of bankers see Open Banking as an opportunity, not a threat

Open Banking is no problem for 80% of bankers, who are looking forward to using it as an opportunity, according to new research from Temenos, released in its 10th annual banking survey. A majority of bankers aren't just unafraid of the implications of Open Banking, 62% said that they would be
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Trump Deserves 'Fair Share' of Credit for Apple Moves

This article first appeared in Data Sheet, Fortune's daily newsletter on the top tech news. Sign up here. There was a time when Silicon Valley proudly wore its libertarian streak as a badge of honor. Technology was more powerful than ideology or politics. If only the government would leave us alone, we'll
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Vanguard Sees 'Idiosyncratic Risk' in Cryptocurrency's Wild Ride

The largest digital currency was little changed at 10:15 a.m. in London, Bloomberg composite pricing showed. Bitcoin's 21 percent swoon in the first three weeks of 2018 has stirred a debate about whether it will stand up to regulatory scrutiny and if the correction is evidence of a speculative bubble
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How to Buy a House: The 10 Steps You'll Take Before Closing

Before closing, not only does everything in the contract and inspection have to check out, but so should the title search. Hiring a title company (to investigate title legitimacy and any use restrictions, leftover liens, or unpaid taxes on the property) and getting title insurance to protect you from found liens or
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Venezuelan Hyperinflation Explodes, Soaring Over 440000 Percent

The price of a cup of coffee in Bloomberg's Cafe Con Leche Index has risen six of the past 12 weeks. During that period, the cost climbed from 5,500 bolivars to 45,000 bolivars. That's an increase of 718 percent. Translated into an annualized pace, it comes to 448,025 percent. (As breathtaking a figure
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Spotify's New Plan to Take on Radio, Reinvent Podcasts

Spotify, the world's largest paid music service, will begin offering news and political coverage to lure listeners away from radio and podcasts from rival Apple Inc. Eight companies, including BuzzFeed and Refinery29, have agreed to produce programming for the new initiative, called Spotlight. One of the
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Maxton McHugh

As a mortgage loan officer right here in Boulder, CO, I've been helping home-buyers just like you secure and refinance mortgages everyday.
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Ignore the bad housing starts number. Builder optimism and buyer demand are high

There is optimism among homebuilders and a sharp rise in demand from homebuyers. The December drop in starts is likely an aberration, but builders clearly need to ramp up production more than they already have. Sales of newly built homes in November, which measure only the single-family market,
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Market Check: Zooming in on the Technicals for DJ US Real Estate Ishares (IYR)

RSI can be used to detect general trends as well as finding divergences and failure swings. The 14-day RSI is presently standing at 30.23, the 7-day is 26.05, and the 3-day is resting at 31.79. DJ US Real Estate Ishares (IYR) currently has a 14-day Commodity Channel Index (CCI) of -101.62.
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Kelly Scovanner joins Fairway Wholesale Lending

CINCINNATI, Jan. 18, 2018 /PRNewswire/ — As part of its continued national expansion, Fairway Wholesale Lending (a division of Fairway Independent Mortgage Corporation) is excited to welcome Kelly Scovanner as Regional Vice President of Sales for the Northeast Region. With over 30 years'
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MEREDA Index: State's real estate activity hits 10-year high

The MEREDA Index, a quarterly measure of real estate activity in Maine, hit a 10-year peak through the third quarter of 2017, reaching 96 overall in a composite measurement covering new development, transactions involving existing properties, residential and commercial development. “The chief
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CMBS

CMBS

Commercial Mortgage-Backed Securities, Arbor offers CMBS financing for multifamily, office, retail, industrial, hotel and self-storage.
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Freddie Mac

Flexible and efficient multifamily financing enhanced with the Arbor advantage.
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CFPB to Seek Public Comment on Enforcement Issues

The Consumer Financial Protection Bureau (CFPB) has announced plans to issue a series of series of Requests for Information (RFIs) seeking comment on enforcement, supervision, rulemaking, market monitoring, and education activities. The CFPB's first RFI will seek public comment on Civil
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10 Must Reads for the CRE Industry Today (January 18, 2018)

Government leaders are working to address issues in their municipalities as Amazon continues its hunt for a location for its second headquarters. Forbes takes a look at commercial real estate trends to watch for this year. These are among today's must reads from around the commercial real estate
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California Public Employees Retirement System Has $4.14 Million Holdings in Oil States …

California Public Employees Retirement System increased its holdings in shares of Oil States International, Inc. (NYSE:OIS) by 9.0% during the 3rd quarter, … New York State Common Retirement Fund now owns 681,287 shares of the oil and gas company's stock worth $17,271,000 after buying an
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Private Bank & Trust Co Has Raised By $414564 Its WW Grainger (GWW) Stake; First American …

First American Financial Corporation, through its subsidiaries, provides financial services. The company has market cap of $6.78 billion. It operates through Title Insurance and Services, and Specialty Insurance divisions. It has a 24.17 P/E ratio. The Title Insurance and Services segment issues title
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BankThink Banks shouldn't give up on pot banking just yet

Sure, there is risk, and to help manage that risk, the banking industry looked to the Cole memorandum issued by the Department of Justice under President Obama, along with Financial Crimes Enforcement Network regulations, as a framework to help stay compliant with state laws and to avoid running
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William Mokas

As a mortgage loan officer right here in Fairborn, OH, I've been helping home-buyers just like you secure and refinance mortgages everyday.
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How “selling too soon and never buying at the bottom” might actually make sense

Four funds reflecting different styles such as large-cap value, large-cap growth, small-cap value and international value, for example, might have started with each having 25 percent of the total portfolio. If last rebalanced a year or two ago, those percentages could now look like 15, 35, 20 and 30 percent,
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Martelle DeYoung | Mortgage

Martella DeYoung provides personalized, professional service and is committed to finding the right mortgage program to fit your individual needs. Martella has been in the finance industry since 2006 and has expertise in mortgage lending with Conventional, Portfolio, FHA, VA, Rural Development and
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Is Buying Brinker International Incorporated (NYSE:EAT), Having Lower Short Interest a Winning …

Investors sentiment increased to 1.12 in 2017 Q3. Its up 0.26, from 0.86 in 2017Q2. It is positive, as 35 investors sold Brinker International, Inc. shares while 71 reduced holdings. 35 funds opened positions while 84 raised stakes. 52.96 million shares or 0.25% less from 53.09 million shares in 2017Q2
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Sizing up S&P 500 Real Estate Sector SPDR (XLRE)'s Gordson Hollis PIS Indicator

At the time of writing the Hollis Price Index Saturation has reached an “E”, for S&P 500 Real Estate Sector SPDR (XLRE), indicating an Empty, or Sell signal. S&P 500 Real Estate … Traders may use the indicator to determine stock trends or to identify overbought/oversold conditions. A CCI reading above
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Shannon Olander | Mortgage

With more than 20 years in the banking industry, Shannon Olander and her team will go above and beyond to make your mortgage experience as smooth as possible. Shannon will work with you to uncover your unique financial needs and then find the right mortgage product from our comprehensive
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US housing starts down sharply on drop in single-family units

… starts decreasing to a pace of 1.275 million units last month. Home building increased 2.4 percent to 1.202 million units in 2017, the highest level since 2007. December's moderation in homebuilding is likely to be temporary amid strong demand for housing that is being driven by a robust labor market.
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The housing market still can't keep up with millennial demand even after its best year in a decade

By some measures, the housing market just had its best year in a decade. On Thursday, the Census Bureau released its final report on new residential construction, completions, and building permits in 2017. All three rose to the highest levels since 2007. Construction was strongest in the market for
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US Jobless Claims Plunge to Lowest Weekly Tally Since 1973

U.S. filings for unemployment benefits plummeted to the lowest level in almost 45 years in a sign the job market will tighten further in 2018, Labor Department figures showed Thursday. Highlights of Jobless Claims (Week Ended Jan. 13). Jobless claims decreased by 41k to 220k (est. 249k); lowest level
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Stock Futures Trim Overnight Gains on Soft Housing Market, Philly Fed Data

Dow futures have lost some ground from the overnight session and are straddling the flat line following disappointing housing market data and a larger-than-expected decline in the Philadelphia Fed business outlook index. Housing starts fell 8.2% to a seasonally adjusted annual rate (SAAR) of 1.192
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Hackers Have Walked Off With About 14% of Big Digital Currencies

Digital currencies and the software developed to track them have become attractive targets for cybercriminals while also creating a lucrative new market for computer-security firms. In less than a decade, hackers have stolen $1.2 billion worth of Bitcoin and rival currency Ether, according to Lex Sokolin,
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Bitcoin Bull Tom Lee Goes Hyperbolic on Latest Price Forecast

Bitcoin's recent slide isn't discouraging for crypto bull Thomas Lee, who predicts that the value of the digital-coin market will roughly double to more than $1.2 trillion this year. Lee expects the price of one Bitcoin will surge to $125,000 by 2022. That's 400 percent higher than his forecast from October,
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HSBC Australia unveils lowest home loan rate

In the effort to help homebuyers save money, HSBC Australia has launched a home loan rate of 3.59%, lowest amongst all national banks in Australia. The new rate is for HSBC Australia's Home Value mortgage for owner-occupiers. This move followed a research by HSBC which revealed that while
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25th GST Council meet begins: Petroleum products, real estate, decline in tax collections on agenda

25th GST Council meet begins: Petroleum products, real estate, decline in tax collections on agenda

A day-long 25th GST Council meet has begun in the National Capital. The Council is expected to decide on various key issues such as single form for tax filing, inclusion of petroleum and real estate under the GST net. Finance Minister Arun Jaitley recently told Rajya Sabha that the Centre was ready to
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Real Estate Fraud Could Earn Musician 30 Years In Prison

Prosecutors say Davenport founded a real estate company called American Standard, which scammed customers by advertising homes for sale for below-market prices, typically on Craigslist, prompting interested customers to pay $199 for an exclusive listing of homes, only to later find out the listed real
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CDI Mobilité:TA Officer Private Equity & Real Estate

01-18-2018 РDiscover our job offer Mobilit̩:TA Officer Private Equity & Real Estate (H/F) РCDI based in Luxembourg (reference: LUX020360) РThe bank for a changing world РBNP Paribas.
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Westpac & NAB launch voice banking technology with Amazon Alexa

Westpac Digital Labs teamed up with Amazon to build the new cloud-based Westpac Banking Skill that will allow customers to access their bank account balance, recent spending history, reward points status and financial market updates by asking for the information from Alexa. Westpac customers will
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Arnold Plaza sold to Jerry Ambrose Veterans Council

Arnold Plaza, with about 25,000 square feet, was built in 1963 and had a title company, doctor's office, construction firm and other businesses in the building. The county purchased the property in 1992 and used it for the Treasurer and Assessor offices. It has not been used since 2005. The property was
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Amazon Has Narrowed Its List of HQ2 Candidates to These 20 Sites

Dubbed “HQ2,” the tech giant announced last September that it would be looking to construct a brand new, second headquarters somewhere in North America, equal in size to its current base in Seattle. The application process closed up by October, and just recently it was suspected the e-commerce
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LDF lending passed £500m in 2017

Alternative lender and broker LDF provided £511m of financing to SMEs in the 2017 calendar year, an increase of 34% on 2016 figures, and the first time they have broken the half billion barrier in a year, the business told Leasing Life. Of the £511 million provided, 58% was business loan and 42% asset
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Stott Promoted to Senior VP/Director of Private Banking at CNB Bank

CLEARFIELD – Steve Shilling, executive vice president/private client solutions, recently announced the appointment of Chris Stott as senior vice president/director of private banking. The private banking division offers enhanced customization and personal service to exclusive clientele served by CNB
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Freddie Mac, Berkadia Close First Affordable, Single-Family Rental Loan

The firm, which focuses on the working-class segment of the single-family rental market, obtained about $11.1 million in financing in a 10-year, fixed-rate loan secured by 195 homes and one duplex in nine different metropolitan areas across six states, reported Berkadia, the Freddie Mac seller/servicer
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Real estate daily market update: January 18, 2018

Len Kiefer, deputy chief economist at Freddie Mac, said: “The U.S. weekly average for the 30-year fixed mortgage rate rose above 4 percent for the first time since last summer to 4.04 percent in this week's survey. This is the highest weekly average for the 30-year fixed rate mortgage since May of 2017.
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Linked Finance eyes profitability as revenue and lending levels jumps

Linked Finance, the peer-to-peer (P2P) lending platform which has signed over 1,200 loans for Irish businesses, has said it is on track to be profitable this year. The company, which is seeking to become the biggest non-bank lender to SMEs in Ireland, recorded a €1.1 million net loss in the 12 months to
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'Everyone's mortgage is about to get more expensive'

The subject who is truly loyal to the Chief Magistrate will neither advise nor submit to arbitrary measures. close panel. © Copyright 2018 The Globe and Mail Inc. All Rights Reserved. Terms & Conditions Privacy Policy. TOP LINKS. 'Everyone's mortgage is about to get more expensive'. Scott Barlow.
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Banking giant must face suit accusing it of predatory lending

The city of Philadelphia is suing the banking giant, accusing it of predatory lending targeting black and Hispanic borrowers, according to a Reuters report. Wells Fargo had tried to get the case tossed, but US District Judge Anita Brody said Tuesday that Philadelphia can pursue its claim that the bank
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Fee income, lending niches help boost BB&T profits 4%

BB&T in Winston-Salem, N.C., reported a higher quarterly profit that reflected strong commercial loan growth, higher fee income and other factors. The $222 billion-asset company said in a press release Thursday that its fourth-quarter net income available to shareholders rose by 4% from a year earlier
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Markets hit fresh record highs led by gains in banking stocks

Mumbai: Indian markets on Thursday extended their rally to hit fresh record highs led by gains in banking stocks on news reports that the government is mulling 100% foreign direct investment in the banking sector. At 10.05am, the BSE's benchmark Sensex was at 35,441.33 points, up 359.51 points,
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Long-term mortgage rates rise: 30-year hits 4.04 percent

This means upward pressure on long-term rates, like the 30-year fixed-rate mortgage, is building,” Len Kiefer, Freddie Mac's deputy chief economist, says in a statement. He cites a Federal Reserve report out Wednesday showing that employers in more industries were under pressure to give workers
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Methuen Real Estate Broker Pleads Guilty to Fraud in Bogus Short Sale Scheme

From 2007 to 2010, Jimenez and her co-conspirators, real estate closing attorney Jasmin Polanco and mortgage loan officer Vanessa Ricci allegedly carried out a scheme to defraud banks through bogus short sales in which the purported sellers remained in their homes, with their debt substantially
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Household consumption to fuel lending in region, says UniCredit

Lending will probably slow down in countries with the highest growth rates in the last two years, while accelerating in countries which have lagged behind … Lending may further accelerate if the rate of non-performing loans (NPLs) continues to decrease at the current rate, which at UniCredit has fallen to
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Trump Roils GOP Spending Plan Hours Before Vote: Shutdown Update

Temporary government funding runs out Jan. 19 and the House and Senate will have to pass a temporary extension to avoid a partial shutdown of the federal government. Democrats are demanding that spending legislation include a provision permanently shielding about 690,000 undocumented
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Apple US Investment, Goldman Loss, Airbus A380 Saved: CEO Daily for January 18, 2018

That's a generous reaction to the tax cut, but it's probably also a useful retention scheme in an economy where unemployment has fallen to 4.1%. The intensifying battle for talent in the U.S. is the topic of February's cover story in Fortune magazine, which you can read online this morning here and here.
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10 Year Chart Of The Seattle Real Estate Market Is Mind Blowing, Up 93% Since The Bottom

10 Year Chart Of The Seattle Real Estate Market Is Mind Blowing, Up 93% Since The Bottom

I'm going to show you the median price per unit in Seattle in comparison to the number of homes available for sale. The charts are mind-blowing. You don't have to be an expert or an economist to see how fast the price of a Seattle home has increased. Secondly, if you consider one simple economic
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Will Tax Reform Derail CRTs? Don't Bet On It

Government-sponsored housing agencies Fannie Mae and Freddie Mac began issuing CRTs in 2013. Like typical agency bonds, CRTs pool thousands of different mortgages into a single security, and investors receive regular payments based on the performance of the underlying loans. But there's a
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US housing starts fizzle at end of 2017

Big picture: A stronger pace of construction would be helpful for an inventory-starved housing market. Previously-owned homes sold in November at the fastest pace since before the housing bubble burst in 2006, leaving the market with an ultra-lean 3.4 months' worth of supply. That's well below the six
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Bank chat reveals shocking home loan advice

COMMONWEALTH Bank is encouraging struggling first home buyers to borrow 100 per cent of the value of a property using their parents' home as security, describing the highly risky strategy as a “great option”. In an online chat with a CommBank sales agent, economist and housing market bear
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Freddie Mac Announces Pricing of $362 Million Multifamily Small Balance Loan Securitization

MCLEAN, VA–(Marketwired – Jan 18, 2018) – Freddie Mac ( OTCQB : FMCC) announces the pricing of the SB45 offering, a multifamily mortgage-backed securitization backed by small balance loans underwritten by Freddie Mac and issued by a third-party trust. The company expects to guarantee
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You Can Help Raise Money for Time's Up by Bidding on These Golden Globes Dresses

Celebrities speaking out against sexual harassment and the wage gap turned the Golden Globe Awards red carpet into a sea of black gowns and tuxedos earlier this month. And now, you have the chance to own a piece of that social and sartorial history. Starting Friday, eBay will be auctioning off some
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Upcoming Conferences and Training; Conventional Conforming Changes: Part Two

Freddie Mac is extending the February 9, 2018, effective date for the revised rental income requirements announced in Single-Family Seller/Servicer Guide Bulletin 2017-12. The revised requirements will now be effective for mortgages with Freddie Mac settlement dates on and after November 30, 2018.
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Hunt Provides $6M Refinancing for Apartment Property in Lakewood, Ohio

LAKEWOOD, OHIO — Hunt Mortgage Group has provided a $6 million Freddie Mac loan for the refinancing of Harbour View in Lakewood, about seven miles west of Cleveland. The 131-unit apartment property is located at 1370 Sloane Ave. Built in 1971, the nine-story building is currently 98 percent
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Great Place to Work® and Fortune Name SendGrid Number Two of the Best Small and Medium …

DENVER, Jan. 18, 2018 /PRNewswire/ — SendGrid, Inc. (NYSE: SEND), a leading digital communications platform, is honored to announce research and consulting firm Great Place to Work and Fortune have named SendGrid number two of the Best Small and Medium Workplaces in Technology.
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Equilibrium Group Offers Personalized Event Planning and Turn-Key Interior Design Services to Its …

… array of services for turn-key residences positioned in locales such as the tropical Palm Beach to the luxurious Hamptons in an array of aesthetic styles from Colonial to Modern that meet the current real estate trends as well as demands of clientele looking for a well-furnished estate prior to moving in.
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Better Homes and Gardens Real Estate Kicks Off 10th Anniversary Year with Thought Leadership …

Better Homes and Gardens® Real Estate today kicked off its 10-year anniversary celebration with the release of both a new industry survey and consumer data-driven white paper launching the…
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The Winklevoss Twins Have Lost Nearly $1 Billion in the Bitcoin Meltdown

Think you've taken a bath in the Bitcoin's recent plunge in value? Be glad you're not Tyler and Cameron Winklevoss. The twins, most famous for trying and failing to gain control of Facebook after alleging that it had been appropriated from them, have seen the value of their cryptocurrency holdings fall by
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Texas ERS tops up Waterton US apartment fund

The Employees Retirement System of Texas has approved a $65m (€53m) commitment to Waterton Residential Property Venture XIII, according to the pension fund's board meeting report. Late last year, IPE Real Assets reported that residential specialist Waterton was seeking to raise up to $1bn for its
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Facebook to Stream More E-Sports Including 'Counter-Strike: Global Offensive' Tournament

Get ready to watch people on Facebook play the role of commandos who defuse bombs and kill terrorists. The social network and e-sports company ESL said Thursday that two of its biggest live video game tournaments, Counter-Strike: Global Offensive Pro League and ESL One, would now be
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How Emirates Airline Just Singlehandedly Saved the Airbus A380

Emirates Airline has pledged to order up to 36 extra Airbus A380s, and, in doing so, has essentially saved the European firm's flagship commercial plane from the scrapheap. The double-decker A380 is very expensive to run, and only really makes commercial sense on fully-booked flights. Airbus has
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Apple and Google Are Rerouting Their Employee Buses as Attacks Resume

Around four years ago, people started attacking the shuttle buses that took Google employees to and from work, as a way of protesting the tech-company-driven gentrification taking place around San Francisco. Well, it seems to be happening again. This time it's not just Google (googl, +0.75%)—it's
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Want a Raise? Ellen Pompeo, TV's $20 Million Woman, Has Some Advice for You

Ellen Pompeo, star of ABC's medical drama Grey's Anatomy, has recently been crowned TV's highest paid actress. Based on her latest negotiations, Pompeo will be earning more than $20 million a year. This includes “$575,000 per episode, a seven-figure signing bonus, and two full backend equity
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Apple Is About to Introduce an iPhone Feature It Doesn't Want You to Use

Apple will allow iPhone users to switch off the performance reductions that the company has introduced in the last year to counteract the effects of ageing batteries, Tim Cook has said. However, the Apple CEO advised users not to do so, warning that it could result in unexpected restarts of their
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Some impacts of new tax law on local real estate are clear. Some aren't.

Those, and “handwritten notes on the margins,” are indications that the bill was written in a rush, Stamper told attendees at a Wednesday breakfast hosted by the real estate committee of the Greater Miami Chamber of Commerce. As a result, he expects the law will undergo technical corrections and
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Russia's VTB to provide Megafon with banking guarantees of up to 4 bln rbls

MOSCOW, Jan 18 (Reuters) – Russian state bank VTB said on Thursday it has agreed to provide the phone operator Megafon with banking guarantees of up to 4 billion roubles ($70.5 million), which would last for 4 years. Megafon plans to use the tool to meet its current financial needs. $1 = 56.7237
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Real estate sales top $1B in 2017

Real estate sales top $1B in 2017

It was a record-setting year for real estate in Brantford and area in 2017, outstripping 2016's sales by more than $61 million to top $1 billion. Even though December proved to be a slow sales month compared to December 2016, it still couldn't stop the records from piling up for the year. The average
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Sensex, Nifty leap to record high, banking stocks rally

Sensex, Nifty leap to record high, banking stocks rally … As many as 34 stocks in the Nifty basket were trading in the green, with Hero MotoCorp jumping 2 per cent, followed by HDFC Bank (up 1.85 per cent), State Bank of India (1.48 per cent), Axis Bank (1.46 per cent) and ICICI Bank (1.43 per cent).
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Banking Union: First Progress Report on the tackling of non-performing loans to support the risk …

Reducing NPLs is important for the smooth functioning of the Banking Union and the Capital Markets Union, and for a stable and integrated financial system in the EU. Addressing high stocks of NPLs and preventing their possible future accumulation is essential to strengthen and cement economic
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Trump Denies Mexico Border Wall Plan 'Evolved,' Disputing Kelly

Bloomberg's Kevin Cirilli reports on the status of Nafta talks. (Source: Bloomberg). “The Wall will be paid for, directly or indirectly, or through longer term reimbursement, by Mexico, which has a ridiculous $71 billion dollar trade surplus with the U.S.,” Trump wrote. “The $20 billion dollar Wall is 'peanuts'
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Indian banks may not have priced risks correctly: RBI deputy governor

Indian banks may not have priced risks correctly while giving out all large loans, suggested RBI deputy governor NS Vishwanathan while speaking at an event organized by CARE Ratings in the financial capital today. Vishwanathan said that banks unable to properly ascertain risks have a fundamental
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Apple's $38 Billion US Taxes Leaves EU Nemesis Unmoved

European Union regulators reacted coolly to Apple Inc.'s move to repatriate hundreds of billions of overseas dollars to the U.S., saying “nothing has changed” in its order for the iPhone maker to pay back taxes to Ireland. Apple will pay about $38 billion in U.S. taxes on money it's repatriating to the U.S.,
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White House urged to kill Obama-era payday lending rule

A free-market group is urging the White House to rescind an Obama-era payday lending rule that is currently under review, saying the regulation would cause “paperwork proliferation on a massive scale” for lenders. The Competitive Enterprise Institute asked the White House Office of Information and
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Ex-Ill. Judge Must Face Mortgage Fraud Charges: Court

Former Cook County Circuit Court Judge Jessica O'Brien had argued that her alleged partner in the fraudulent mortgage scheme, Maria Bartko, had not told the whole truth to the grand jury that indicted both of them in April. But U.S. District Judge Thomas Durkin found that unconvincing and said that just
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Endurance International Group (EIGI) Downgraded by Zacks Investment Research

Oppenheimer reaffirmed a buy rating and set a $12.00 price objective on shares of Endurance International Group in a report on Tuesday, December 12th. BidaskClub downgraded Endurance International Group from a hold rating to a sell rating in a report on Tuesday, December 12th. SunTrust Banks
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FinTech, Robo Advsiors, and the Soul of Swiss Banking

This year, the European Union will start to force continental banks to open their customer interface to third-party providers. However, Swiss banking doesn't intend to follow suit. Such is the latest development in the fight over the soul of Swiss banking, one pitting the trend-mad robo-ification of (digital)
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Tracker mortgage scandal set to cost banks close to 1 billion euro

Some 316 million euro has been paid out to borrowers who were wronged by banks which denied them access to low interest rate tracker mortgages, the Central Bank has said. The scale of the scandal has soared from about 20,000 affected consumers being identified by last October to a total of 33,700
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Real estate brokerage woos hotel exec

Schiefler comes to Engel & Völkers Florida from Realogy Holdings Corp., where he built the Better Homes and Gardens Real Estate division along with Meredith Publishing, the release states. Prior to that, Schiefler was with Wyndham Hotel Group, where he focused on site-selection for new hotel
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83 FR 2661 – Order of Succession for Government National Mortgage Association

83 FR 2661 – Order of Succession for Government National Mortgage Association (Ginnie Mae)
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What the past decade has taught us about mortgage trends

This is because the product gave them a measure of security for a reasonable amount of time, but not over-committing them to a high rate should the base rate fall and mortgage providers start to lower their rates. However, the two-year fix has started to lose its shine in favour of a slightly longer-term
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Neuberger Berman Group LLC Increases Holdings in McDermott International Inc (NYSE:MDR)

The fund owned 1,951,233 shares of the oil and gas company's stock after buying an additional 347,995 shares during the quarter. Neuberger Berman Group LLC owned about 0.69% of McDermott International worth $14,185,000 at the end of the most recent quarter. A number of other institutional
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Banks raise prime lending rate to 3.45%

Canada's biggest banks will hike their prime rate by a quarter of a percentage point on Thursday, putting financial pressure on homeowners with variable rate mortgages. The Royal Bank of Canada (RBC) was first to announce its prime rate will rise to 3.45%, shortly after the Bank of Canada raised its
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€316m paid out by lenders over trackers – Lane

Mortgage lenders have been forced to pay out €316 million to date in redress and compensation to victims of the “unprecedented” tracker mortgage scandal, according to the Governor of the Central Bank. Professor Philip Lane has acknowledged that “it is clear that significant behavioural and cultural
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Beach Business: Real estate sets new marks in 2017

Prior to last year, “2016 was the greatest year for real estate sales in the history of Ocean Shores until 2017 happened,” Daniel noted. “This past year saw 400 homes sell, which is by far the most homes ever sold in any year previously in Ocean Shores. 2017 also brought about the highest average sales
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Downsides to long-term mortgage fixes

According to Mr Eastgate, clients should be well advised of the potential lack of flexibility with long-term fixed rate mortgages. While some people might not intend to move – perhaps their children are in a good school in the area and there is plenty of room – and therefore a seven or a 10-year fix would be
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Walker & Dunlop Ranks #1 with Fannie Mae in 2017 Multifamily Originations

Executive Vice President and Chief Production Officer for Walker & Dunlop's Agency lending business, Don King, commented, “We have added the top mortgage bankers in the country to the Walker & Dunlop platform to build the very best multifamily finance company in the industry. It's exciting to see
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Save the Snowpack, Save the Water Supply

Save the Snowpack, Save the Water Supply

Between droughts and floods, the last decade has offered water managers in the southwest a preview of how climate change could impact a supply largely dependent on winter snow. This year's disappointing snowpack has them worried again. “Water and climate change are joined at the hip,” said Brad
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The Fall of Travis Kalanick Was a Lot Weirder and Darker Than You Thought

They hunched over a laptop to watch a video that had just been posted online by Bloomberg News: grainy, black-and-white dashcam footage of Kalanick in … and embarked on a yearlong starring role as the villain who gets his comeuppance in the most gripping startup drama since the dot-com bubble.
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White House Lawyer Asked Bannon to Cite Privilege, Source Says

Steve Bannon, the former chief strategist for President Donald Trump, was asked formally by a White House lawyer to cite executive privilege in declining to discuss conversations with key administration officials, triggering a battle with House investigators that is stretching into its second day. Separately
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Ask the Expert: Can I finance the cost of my home renovation into my mortgage?

The Mortgage Loan Originator will provide the name and phone number of the assigned Draw Specialist, who will send you a welcome package with instructions for requesting draws. How funds are disbursed – Renovation financing loans are fully funded at closing. For purchase transactions, the home
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The Haider-Moranis Bulletin: Plenty of questions about speculation in housing markets

The escalation in urban housing prices in recent years has raised concerns about “speculation,” with some regulators and market watchers pointing the finger specifically at foreign buyers. The Ontario government, for example, bought the speculation narrative and introduced a new 15 per cent tax that is
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The Most Talked About Tech at CES Wasn't on Display

Each January when nearly two hundred thousand attendees descend upon Las Vegas for CES, the world's largest tech pilgrimage can overwhelm the senses with a myriad of sights and sounds emanating from 2.6 million square feet of new gadgets designed to delight savvy consumers. One can count
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Distress Hits Pre-Crisis Levels

Mortgage credit availability in the GSE channel—Fannie Mae and Freddie Mac—has been at the highest level since its low in 2011. Now for the part on what all this focus on declining distress, improved household wealth, and improving credit conditions means for builders in 2018 and why it matters.
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Wyndham Worldwide buying La Quinta for $1.95 billion

Wyndham is buying La Quinta's hotel franchise and management businesses for $1.95 billion in cash. Wyndham said Thursday that the investment will push the hotel further into the upper-midscale segment. Before the deal is closed, La Quinta Holdings Inc., based in Irving, Texas, will spin off real estate
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Berlin demands clarity on risk reduction for banking union

Germany's acting finance minister, Peter Altmaier, played up the chances of progress toward a banking union that is considered necessary to shield the eurozone from future crises. But, speaking after meeting Eurogroup head Mario Centeno of Portugal in Berlin, Altmaier declined to give a timeline,
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Flagstar Bank Welcomes Consumer Direct Mortgage Team from Capital One

Flagstar Bancorp, Inc. (NYSE: FBC) today announced an expansion of its direct-to-consumer mortgage lending platform with the addition of a team from Capital One Financial Corp. Rocky Stubbs, former head of Consumer Direct and Digital Mortgage for Capital One, has joined Flagstar as senior vice
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Real estate experts expect continued market growth in 2018 despite slower second half of 2017

Although home prices in the area have been going up for quite some time, Brian Talley, owner of Regent Property Group in Westlake, said in May that the recent peak is more a reflection of growth for the entire Austin metropolitan area rather than something unique to Lake Travis-Westlake. Talley said
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The Long View: Is the real estate industry ready for an older New York?

That, at least, is how the fairytale of the 1990s goes. The other, demographic story of New York's revival lacks a hero, is a lot less romantic, and may not have a happy ending for real estate owners and developers. It begins in 1990, when the number of births in the U.S. reached a 20-plus-year high.
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Departmental contingent liability notification: HM Land Registry digital mortgage service

Written Ministerial Statement to inform the House of a digital mortgage service to be launched later in 2018.
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Airbus Handed A380 Lifeline With $16 Billion Emirates Order

Airbus SE won a program-saving order for its A380 superjumbo that could be worth $16 billion at list prices and add at least a decade to the model's lifespan. Persian Gulf carrier Emirates, already the biggest A380 customer, signed an outline agreement for 20 of the double-deckers with an option to buy
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China Focus: China's home prices remain stable in December

BEIJING, Jan. 18 (Xinhua) — China's property market remained largely stable in December with house prices edging down slightly in major cities amid tough purchase restrictions, the National Bureau of Statistics (NBS) said Thursday. On a monthly basis, new residential housing prices in first-tier cities
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Signs are good for housing market; CEO predicts strong 2018

Things are looking up for the U.S. housing market in 2018 – at least according to the CEO of RE/MAX. According to Adam Contos, who co-leads the nationwide real estate firm, rising existing home sales, changing migration patterns and increasing housing starts all spell good news for the market as we
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Appway Supports BCGE's Transition Towards Banking Digitalization by Simplifying its Mortgage …

Existing and prospective BCGE clients residing in Switzerland can now apply for a mortgage in five simple steps. The user selects their property project (purchase of a property or the transfer of an existing mortgage loan) before submitting their personal and financial details. They then specify the loan
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Compliance Analyst, Lending

If you work in Compliance, Risk, or Control in the Consumer Lending space OR have a JD/Paralegal Certificate/CRCM with interest in consumer lending compliance, please read on! We are a tech-forward financial services organization that merges established lending and credibility of a bank with the
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Household debt 'extremely elevated' after hitting near 200pc and tipped to grow

High household debt and the slowing property market led UBS analysts to downgrade their forecasts for housing credit growth. Non-bank lenders, or “shadow banks”, are increasing their share of the housing credit market while the big banks are feeling the squeeze, with UBS labelling the outlook
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Bitcoin Roller-Coasters Back Above $11000 After a Frantic 24 Hours

The largest digital currency climbed 2.1% to $11,620 at 11:34 a.m. in London, Bloomberg composite pricing showed. It held fairly steady for much of the Asia trading day as investors took a breath following a frantic 24 hours in which the digital coin swung through a trading range of $2,600.
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How Your Life Experience Could Help You Land a Great Job

How Your Life Experience Could Help You Land a Great Job

That's why Fortune recommends a reframing: Think of grit less as an antidote to a hard-knock life and more as an ongoing quest to master life complexity—an experience all of us share. When recognition of that complexity shapes hiring, it opens transformative opportunities to people from groups
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Punk rock musician arrested for alleged $27M real estate scam

Michael Davenport, former bassist for rock band The Ataris, has been indicted for scamming 100,000 people out of $27 million over the course of seven years. He and his accomplice, Cynthia Rawlinson, have been charged with conspiracy to commit mail and wire fraud, five counts of wire fraud, and one
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TruAmerica Multifamily Teams with Citymark Capital to Acquire 362-Unit Apartment Community in …

ORLANDO, FL – TruAmerica Multifamily, in joint venture with Citymark Capital, has acquired the 362-unit Central Park Apartments in Orlando, FL. The investment is TruAmerica's first with Citymark Capital, a Cleveland-based institutional private equity real estate fund manager whose investors are a mix
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Tencent Widens Its Lead Over Facebook

Tencent Holdings Ltd. is widening its lead over Facebook Inc. as the world's most valuable social network company, riding a growing wave of optimism in Chinese technology. The WeChat operator, which briefly overtook its U.S. counterpart in capitalization during Asian hours in November, has shot
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How to Keep a Headhunter From Poaching Your Best Talent

As Fortune senior editor-at-large Geoff Colvin writes in our cover package (see “How to Profit from the Ultra-Tight Job Market Right Now”), the job market is heating up fast. Some 6 million openings are now waiting for the right individuals to fill them. The unemployment rate is a rock-bottom 4.1%—and
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Dan Gilbert vows he will never settle Department of Justice mortgage lawsuit

Dan Gilbert isn't giving an inch. A long-running Department of Justice lawsuit against Gilbert's Quicken Loans comes up for a hearing Thursday afternoon before U.S. District Judge Mark Goldsmith in federal court in Detroit. Goldsmith will hear arguments on a Quicken motion to throw out some of the
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Capitalism Is Cozying Up to Britain's Most Powerful Socialists

McDonnell told Bloomberg TV in December that executives usually leave the encounters “ feeling reassured.” How those views go down in Davos is a different matter. McDonnell has said he'll use the trip to point out the failures of capitalism and the distortions that have left too much of the world's wealth
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How to Make Your Next Job Interview Count

As Fortune reports in a new feature story this week, employers are increasingly looking beyond traditional credentials to find job candidates whose life experiences show their “grit,” the persistence, resilience and creativity under pressure that can be a better proxy for success than any posh internship or
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Blockchain Eyed for Mortgage Bundling That Caused 2008 Crisis

A group of big financial institutions wants to use the blockchain to help resurrect the packaging of home mortgages into securities, a business that almost destroyed the global banking system in 2008. Credit Suisse Group AG, U.S. Bancorp, Wells Fargo & Co. and Western Asset Management Co. said
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Investors Title Company (ITIC) Is At $196.00 Formed Wedge; Davidson Kempner Capital …

Investors Title Company (ITIC) formed wedge up with $213.64 target or 9.00% above today's $196.00 share price. Investors Title Company (ITIC) has $369.86M valuation. The stock decreased 1.51% or $3 during the last trading session, reaching $196. About 3,469 shares traded or 63.32% up from the
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Kevin Blair Joins Element Funding and Establishes a New Element Funding Office in the …

Blair has more than 17 years of mortgage lending experience as a top producer. Along with Blair Smiles Team Partner, Loan Officer Stacie Miles, he leads a team of 7 professionals in the new office. Blair is the host of the “Mortgage Cents with Kevin – A Common Sense Approach to Mortgages” radio
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Tracker mortgage scandal to cost banks more than €900m, Oireachtas committee hears

The head of the Central Bank has said the tracker mortgage rip-off scandal is set to cost banks and lenders who wronged customers more than €900m. … The cost of the scandal, in which customers were moved off or charged the wrong mortgage interest rate, is set to cost those institutions huge amounts
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Tracker mortgage scandal has cost more than 300 million euro

Tracker mortgage scandal has cost more than 300 million euro. Victims claim the controversy has led to suicides and health problems while 100 borrowers lost properties. Philip Lane is governor of the Central Bank of Ireland Niall Carson/PA) 1 Philip Lane is governor of the Central Bank of Ireland Niall
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Reykjavík Housing Market Stabilizing

The time of sharp real estate market growth in Reykjavík is over, according to a report released yesterday by Landsbankinn bank.
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Redfin expands to Connecticut and Asheville, NC

REPOSTED DIRECTLY FROM INMAN NEWS. THIS CONTENT HAS NOT BEEN MODERATED BY WFG NATIONAL TITLE. Seattle-based tech-powered brokerage Redfin today announced the expansion of its brokerage services into Connecticut and Asheville, North Carolina, bringing its coverage to a
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Essent Group Ltd. Schedules Fourth Quarter Earnings Conference Call on February 9, 2018

… and is approved by Fannie Mae and Freddie Mac. Essent also offers mortgage-related insurance, reinsurance and advisory services through its Bermuda-based subsidiary, Essent Reinsurance Ltd. Additional information regarding Essent may be found at www.essentgroup.com and www.essent.us.
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Banking and infrastructure firms power China stocks to two-year highs

SHANGHAI: China stocks climbed on Thursday to end at two-year highs, underpinned by robust gains in banking and infrastructure firms. Share markets closed just as Chinawas announcing that it had annual economic growth of 6.8 per cent in October-December. At the close, the Shanghai Composite
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Real Estate Innovation Kick Off 2018

Innovation Kick Off – The Real Estate Innovation Network is a platform for connecting innovative real estate startups, established enterprises and investors.
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Exobot Author Calls It Quits and Sells Off Banking Trojan Source Code

Things are about to get a lot worse for Android users after the source code of a highly advanced Android banking trojan has been sold to different parties on a well-known hacking forum. The trojan at the center of this worrisome news is called Exobot, an Android malware strain that first appeared on the
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Mortgage Retail Area Manager-Tampa/Clearwater Job in Pinellas County, FL

SunTrust has a career opportunity for a Mortgage Retail Area ManagerinTampa/Clearwater.
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United States NAHB Housing Market Index in line with forecasts (72)

United States NAHB Housing Market Index in line with forecasts (72)

United States NAHB Housing Market Index in line with forecasts (72) in January. The post United States NAHB Housing Market Index in line with forecasts (72) in January appeared first on CIX Markets. Please be aware that City Credit Capital (UK) Limited, its subsidiaries and Group companies do not
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Bitcoin Slips After Frantic Rally as Traders Await Fresh Signals

The largest digital currency was down 2.4 percent to $11,107 at 9:07 a.m. in London, Bloomberg composite pricing showed. Bitcoin held steady for much of the Asia trading day as investors took a breath following a frantic 24 hours in which it swung through a trading range of $2,600. Rivals ethereum
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China's real estate investment up 7 pct in 2017

BEIJING, Jan. 18 (Xinhua) — China's investment in real estate development grew 7 percent year on year in 2017, 1.1 percentage points slower than in the first three quarters, while 0.1 percentage point faster than a year earlier, the National Bureau of Statistics (NBS) said Thursday. The total property
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In Norway, Norges Bank's lending survey is released

In Norway, Norges Bank's lending survey is released. If banks signal further tightening of their credit practices this could fuel uncertainty as to the out look for private consumption and investments. Meanwhile, we have not had a sniff of any plans in this direction and it seems unlikely with the housing
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Wema's ALAT named Africa's best digital banking app

ALAT, the digital bank powered by Wema Bank has been named the 'Best Mobile Banking App' and 'Best Digital Bank for 2017' at this year's World Finance Digital Banking Awards. The World Finance Digital Banking Awards celebrate organisations that lead the way with digitalisation while meeting
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Stamp duty changes fail to revive housing market: RICS

The Government's decision to abolish stamp duty for most first-time buyers has failed to breathe new life into a struggling housing market. Almost nine out of 10 (86 per cent) of surveyors said there had been no increased demand from first time buyers in December following these changes, according to
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Cytonn to unveil its real estate development in the region

Cytonn Investments Management Plc will invest Sh6 billion in real estate development in Nyeri County. Cytonn senior manager for regional markets, Johnson Denge, said that Cytonn Real Estate, the development affiliate of the company, would soon unveil its real estate development in the region.
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East of England housing market stagnates, according to RICS

The region's residential sector stagnated in the final month of 2017, according to the Royal Institute of Chartered Surveyors Residential Market Survey. However, there was an uplift in new buyer enquires with respondents to the survey saying this was down to people delaying their decisions from earlier
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Trump Might Get Thank-You Notes for Russian Bond Sanctions

“It would mean forced selling by Americans, a wonderful technical, which would be criminal not to exploit if you are a European investor,” said London-based Jan Dehn, the head of research at Ashmore Group, which manages $65 billion of emerging-market assets. “We would have to send a thank-you
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2nd LD-Writethru: China's real estate investment up 7 pct in 2017

BEIJING, Jan. 18 (Xinhua) — China's investment in real estate development grew 7 percent year on year in 2017, 0.1 percentage point faster than a year earlier, the National Bureau of Statistics (NBS) said Thursday. The total property investment in 2017 was nearly 11 trillion yuan (about 1.7 trillion U.S.
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Video: Applying For A Mortgage Won't Hurt Your Credit Score

MoneyTips. When buying a home, don't worry about making multiple mortgage applications hurting your credit score. Bankrate.com Chief Financial Analyst Greg McBride explains why in our exclusive video above. MoneyTips is happy to help you get free mortgage quotes from top lenders. Originally
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Stock Traders Purchase High Volume of Compass Minerals International Put Options (NYSE:CMP)

Compass Minerals International logo Compass Minerals International, Inc. (NYSE:CMP) was the target of some unusual options trading on Friday. Traders bought 1,253 put options on the stock. This represents an increase of approximately 1,374% compared to the average volume of 85 put options.
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The Top Outdoor Living Trends In 2018

Get the most out of your outdoor living areas this summer with the latest trends in outdoor spaces, courtesy of our landscaping expert.
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Can a reverse mortgage provide money for emergencies?

Q: We have our home, some money (not much) and no liabilities. Our income covers our lifestyle expenses. I was wondering if I should get a reverse mortgage for emergencies? — E.S., Clermont. A: There are several types of reverse mortgages available today. One is a line of credit that would increase
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EDITORIAL COMMENT: Incentivise cash banking, protect depositors

Yesterday's edition of The Herald had a very curious story of a Harare couple that fell victim to robbers who got away with $37 000 from them. An interesting anecdote to the story is the torture used by the gun-toting criminals to force the Glen Norah C couple to give away the location of their “treasure
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MCT Trading COO Phil Rasori Scheduled to Speak at the Independent Mortgage Bankers …

SAN DIEGO, Calif. /California Newswire/ — Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that its COO, Phil Rasori, will be speaking on a panel session at the MBA's 2018 Independent Mortgage Bankers Conference on
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The latest trends to sweep Vietnam's real estate market

Owning real estate will no longer be a priority for millenials across the world, who will make up half of the global workforce by 2020, according to PriceWaterhouseCooper's latest Millenials at Work report. The latest trends in real estate development show that environmentally-friendly and smart co-living
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Local real estate highs, lows highlighted at Eggs & Issues

From left: Victoria Laracy, Greydon Turner and Bayard Kennett provide the local real estate update at the recent Eggs & Issues breakfast meeting in Conway. (TOM EASTMAN …. A complete overview of Kennett's outlook on commercial real estate trends will be carried in an upcoming Conway Sun story.
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First-Time Buyers Return to Australia's Housing Market

In New South Wales, home to Sydney, monthly first-home buyer loan approvals have jumped 60 percent since the state government started offering discounts on stamp duty in July, says Australia & New Zealand Banking Group. The rush of new owners is putting an upward pressure on prices for
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Rent Stabilization Board confirms rents on continuous upward trend

Falik, who worked in real estate for 45 years and is a member of the Policy Advisory Board of the Fisher Center for Real Estate & Urban Economics, said a downward trend would be surprising. “It's a concerted effort to manipulate students into believing there's no reason to be outraged,” Kelekian said.
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Fortunes meaning in tamil

Fortunes meaning in tamil

The Tamil Baby Girl Names With Numerology July 4 Astrology Sign Newagestore Horoscopes and Zodiac 12 Signs and Zodiac Love Signs Compatibility Chart that Cancer Horoscope Love Life then Astrological Stars then Funny Fortunes To Put In A Fortune Teller between Cafe Numerology between
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Keefe, Bruyette & Woods Reaffirms Underperform Rating for Federal National Mortgage …

Federal National Mortgage Association (OTCMKTS:FNMA)'s stock had its “underperform” rating restated by stock analysts at Keefe, Bruyette & Woods … The correct version of this news story can be viewed at https://www.thelincolnianonline.com/2018/01/17/federal-national-mortgage-association-fnma-
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BIO Business Analyst

SunTrust has a career opportunity for a BIO Business Analystin Mortgage.
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Hong Kong property prices heating up anew after record land sale price and surge in stock market

The sale this week of a residential site in Kowloon for a record price and a surge in the city's stock market has fanned the flames of Hong Kong's red-hot housing market, with developers as well as individual owners rushing to take advantage of positive sentiment in the sector. CK Asset Holdings has
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Stamp duty cut fails to help first-time buyers – business live

The UK government's latest attempt to help first-time buyers onto the housing market are failing. A new survey of Britain's chartered surveyors shows that that axing stamp duty for many first time buyers 'has failed to increase house sales'. Instead existing home owners seem to have taken advantage of
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BC premier rejects Green call for foreign buyers ban days before Asia visit

VICTORIA — Premier John Horgan says he has plans to tone down speculation in British Columbia's real estate market but they don't include banning foreign buyers. Horgan said Tuesday he rejects recent calls by Green party Leader Andrew Weaver to implement a New Zealand-style law that restricts
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Controversial 'BitConnect' Shuts Down Lending Program, Exchange Platform

Citing negative press and recent legal troubles, anonymously-run cryptocurrency firm BitConnect has announced the shutdown of its lending program and exchange platform. Users with active loans on the platform have been promised a payback of $363.42 for each of the BitConnect tokens (BCC) that
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Mortgage applications rise 4.1% as borrowers see last chance to get lowest rates

Interest rates rose, but borrowers may have jumped in, especially to refinance their current loans, worried that the long run of record low rates is over. Total mortgage application volume for the week rose 4.1 percent, seasonally adjusted, according to the Mortgage Bankers Association. Volume rose 5.6
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Dow futures surge 140 points on better-than-expected earnings; Bank of America rises

On the data front, the business leaders' survey is set for release at 8:30 a.m. ET and industrial production data at 9:15 a.m. ET. At 10 a.m. ET, the NAHB/Wells Fargo Housing Market Index is set to be released, while the Fed's Beige Book is due at 2 p.m. ET and the Treasury International Capital (TIC) data
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Lender slumps on huge loss

Money lending company Provident Financial expects to report a loss of about £120m (€135m) in its consumer credit division for 2017 as it struggles to win … Provident first warned about problems at its door-to-door lending operation in late June after a botched reorganisation led to a shortage of staff.
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Cloud Lending Solutions Announces Lease Xcelerate Software Implementation Program

BUSINESS WIRE)–Cloud Lending Solutions, a leader in cloud-based leasing software, announced Cloud Lending Lease™ Xcelerate Program, designed as a customer-centric, cloud-based lease servicing application enabling lessors to efficiently service equipment leases. The program is available to
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Trump's 'Shithole' Hotels Get Major Downgrade From Yelp Reviewers

President Donald Trump's reported labelling of Haiti and the entire continent of Africa as “shithole countries” has prompted a major backlash on Yelp, where reviewers have been taking revenge by using the term to describe Trump hotels. As noted by CNN, the Washington, D.C.-sited Trump International
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What Could Kill the Bitcoin Boom

If you bought a Bitcoin in early 2017, when one cost less than $900, you could have a profit of more than 1,200 percent now. But you almost certainly didn't do that. Perhaps you dipped in a toe in November or December, as the price hit headline-grabbing records—$10,000, then $15,000, then higher.
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EBRD reports 2017 lending of €9.7bn, setting new record

The European Bank for Reconstruction and Development again shrugged off the impact of a financing freeze to Russia, formerly its largest investment destination, to report another year of record lending of €9.7bn in 2017, up from €9.4bn in 2016. The multilateral lender to ex-communist Europe – which
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What Goes Into Orbit Could Be Zapped With Lasers Before It Comes Down, Say Chinese Scientists

A paper published by researchers at the Air Force Engineering University in China describes how zapping space junk with lasers could break it apart into smaller, less-harmful pieces. The paper, which lays out the theoretical argument for blasting space debris into harmless pieces, was published in the
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BLVD Capital Acquires $26M Affordable Housing Portfolio

The acquisition was financed with two Freddie Mac 10-year mortgages totaling $22.9 million, according to Yardi Matrix. An SVN | Chicago Commercial team led by Cody Doran and Reid Bennett represented the seller in the transaction. Located at 221 E. 121st Place in Chicago, Indian Trail contains 180
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Jerome Powell Moves Forward for Fed Chair Confirmation After Senate Banking Committee Vote

Today, the Senate Banking Committee voted to recommend Jerome Powell as Federal Reserve chairman. His nomination will next move for a full vote on the Senate floor. If Powell is confirmed, he will replace sitting chairwoman Janet Yellen who took lead of the central bank in February 2014. Powell is
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Payday lending bill moves ahead in House

A House panel on Wednesday adopted a “strike-all” amendment to a bill that would change regulatory requirements governing the payday-lending industry, which consumer advocates criticize for creating “debt traps” for poor Floridians. The proposal would comply with new federal rules set last year by
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Bitcoin Wallet Maker Ledger Raises $75 Million for Security Push

Ledger SAS, a startup that makes electronic wallets for Bitcoin and other cryptocurrencies, has raised 61 million euros ($75 million) from investors including Draper Esprit Plc. “Everything blockchain depends on keeping the private key secure,” Ledger Chief Executive Officer Eric Larcheveque said.
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Pimco Says Lack of Fear in Markets Means You Should Be Worried

“The fact that the fear is gone is the main reason why we should be worried,” Joachim Fels, a global economic adviser at Pimco, told Bloomberg TV on Wednesday from Newport Beach, California. “That means most investors are now pretty fully invested and that means they will want to get out if the
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Apple Largess Comes With Caveats

Apple Largess Comes With Caveats

This column does not necessarily reflect the opinion of Bloomberg LP and its owners. Apple capex has been rising in recent years, but averages $10.8 billion over the past five years, likely boosted by its new Cupertino campus. Half is purely a guess. We need to see details of Apple and government
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Here's What Could Make the Next Global Recession Even Worse

It's actually gotten easier to raise money in the U.S. stock, bond, and money markets over the past two years, according to the Bloomberg United States Financial Conditions Index. This means that the international divergence in monetary policy is more apparent than real. Synchronization of the world's
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From real estate mogul to inspiring triathlete – 81-year-old Garth Barfoot isn't slowing down

The 81-year-old only picked up the sport in his late 50's, since then he's competed in 250 triathlons and 25 Ironmans. Known more for his achievements in the property world as opposed to sport, Barfoot's passion for multi-sport has superseded his love of the housing market. However the numerous
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Tower International (TOWR) Rating Lowered to Hold at Zacks Investment Research

ValuEngine cut shares of Tower International from a buy rating to a hold rating in a research report on Thursday, September 7th. BidaskClub upgraded shares of Tower International from a sell rating to a hold rating in a research note on Friday, September 15th. TheStreet upgraded shares of Tower
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NAB sees Amazon Alexa integration as pointing to the future of banking

The National Australia Bank (NAB) has announced integrating with Amazon Alexa, allowing customers to ask the voice-activated assistant certain questions about their bank account when the service goes live in Australia next month. According to executive general manager of digital and innovation
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Banks deny report on indiscriminate lending

The Association of Banks in Malaysia says banks stringently vet applicants before issuing them credit. — AFP picKUALA LUMPUR, Jan 18 — Malaysian lenders stringently vet applicants before issuing them credit, the Association of Banks in Malaysia (ABM) said when rejecting a report claiming easy
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First-time buyers struggle in NI as house prices set to rise

First-time buyers with low incomes and high living costs are struggling to move into home ownership in Northern Ireland, a leading housing association has warned as a new property market survey shows the value of a home and the volume of property sales is expected to increase in 2018 in the North.
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China's banking regulator sends warning to financial 'outlaws'

In an interview with China's ruling party mouthpiece People's Daily on Wednesday, the head of the country's banking regulator gave every indication that financial risk-reduction remained a top priority for Beijing. In response to a question about the next steps in the ongoing regulatory crackdown, China
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Mortgage Insurance Claims Representative from AppleOne

You will be working with homeowners that have received funds from their insurance company due to a recent national disaster to ensure that the status of their mortgage is in good standing, and that they have all of the required documentation from contractors with a signed bid. This team will be in
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A Year After Trump, Davos Elite Fear Cyberattacks and War

The threat of large-scale cyberattacks and a “deteriorating geopolitical landscape” since the election of U.S. President Donald Trump have jumped to the top of the global elite's list of concerns, the World Economic Forum said ahead of its annual meeting in Davos, Switzerland. The growing
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Apple Gets a Downgrade and a New Street-High Target on the Same Day

Before Longbow's cut Wednesday, a downgrade by Nomura Instinet — which lowered its rating to neutral in December — marked the first such move since June, according to data compiled by Bloomberg. Analysts are still overwhelmingly positive, with 34 firms rating it a buy, 10 advising hold and no sell
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Emclaire Financial (NASDAQ:EMCF) Earns Daily Media Impact Rating of 0.05

Emclaire Financial logo News coverage about Emclaire Financial (NASDAQ:EMCF) has trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time.
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Macron Meets May With French Seeking Support on Calais Migrants

That's the message President Emmanuel Macron and British Prime Minister Theresa May will send Thursday when they meet near London to discuss a raft of bilateral issues that have little to do with Britain's decision to leave the European Union — including the touchy issue of migrant camps around the
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Hoffmann Commercial Real Estate continues buying spree in downtown Naples

Hoffmann Commercial Real Estate, a St. Louis-based real estate holding company, has purchased this property at 360 12th Ave. S., as well as property at 350, 370 and 382 12th Ave. S., in downtown Naples, adding to its collection of more than 20 properties in the area. Seen here Tuesday, Jan.
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Real estate stays hot in East Europe with pre-crisis growth

[PRAGUE] Commercial and industrial real-estate in eastern Europe remains attractive to developers, as the economic outlook overcomes the region's volatile politics, according to industry executives at a conference in Vienna. “Full speed ahead,” was how Remon Vos of Czech industrial park developer
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Mortgage lenders offering higher loan to income mortgage ratios

Lenders are taking a more relaxed attitude towards higher loan to income (LTI) ratios, as buyers struggle with affordability following years of house price growth outstripping wage rises. Prudential Regulation Authority (PRA) rules state that mortgages with an LTI of more than 4.5 can't make up more than
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Online Gold Coin Sales Jumped 400% as Bitcoin Plunged

Sonny Singh, BitPay's chief commercial officer, and Bloomberg's Cory Johnson discuss the plunge in Bitcoin. (Source: Bloomberg). Physical gold bullion holds attraction for bitcoin investors because the assets have much in common, according to Marburger. “Both are limited in quantity, easy to trade and
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Controversial digital coin exchange Bitconnect has imploded in the crypto bloodbath

Bitconnect — the company behind a controversial cryptocurrency lending and exchange platform — announced today that it's shutting the program down. The company said on its website that it would be closing its lending operation immediately, while the exchange platform would shut down within the
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Banking Committee Again Advances Montgomery Nomination to Lead FHA

The Senate Banking Committee voted via voice vote this morning to favorably report the nomination of Brian Montgomery to be Commissioner of the Federal Housing Administration (FHA) and HUD Assistant Secretary for Housing. Montgomery's nomination will now be sent to the full Senate for
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Better Mortgage

The Benzinga Global Fintech Awards are a yearly showcase of the best and brightest in fintech. In preparation for its biggest installment yet in May 2018, we're profiling the companies competing for the BZ Awards. Our next feature is on Better Mortgage. What does your company do? What unique.
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