Bruce Berkowitz's 2017 Shareholder Letter: Comments on Seritage, St. Joe, Government Cover-Ups

Bruce Berkowitz's 2017 Shareholder Letter: Comments on Seritage, St. Joe, Government Cover-Ups

25.9% of assets are held in cash and cash equivalents, 23.2% in the preferred stock of Fannie Mae (“Fannie”) and Freddie Mac (“Freddie”), 24.4% in the common stock of The St. Joe Company (“St. Joe”), 8.8% in the debt and common stock of Imperial Metals Corporation (“Imperial”), 5.2% in the common
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IRR: Moderate, Steady Growth Predicted for Commercial Real Estate in 2018

The outlook for the year in commercial real estate is cautiously optimistic, as several signs of excess that cause market corrections begin to amass, according to the 2018 edition of Viewpoint, an annual commercial real estate trends report released by Integra Realty Resources (IRR). Annual job growth
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This Bitcoin Conference Rented a Miami Strip Club for 'Networking'

The North American Bitcoin Conference wrapped up 10 hours of speeches by inviting 5,000 attendees to what it called a networking party. “It's been a long day,” read the description. “Join us at E11even for some networking and R&R. Or dancing.” The agenda didn't mention that the networking event
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Ex-Bank of America Merrill Lynch insurance dealmaker lands L&G board role

The former chairman of financial institutions investment banking at Bank of America Merrill Lynch — and one of the most influential women in European finance — has joined the board of Legal & General's life assurance arm. Henrietta Baldock, a senior dealmaker who left BAML after 17 years in
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Investment Banking Analyst

great training and strong culture. Great career opportunities.
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Shawbrook hires Phill Tyson as head of residential lending

Shawbrook Bank has appointed Phill Tyson as head of credit for residential lending after Maeve Ward's departure. Claire Rankin, who is currently head of networks, residential mortgages, will also become interim sales director. Jeremy Law, commercial director of Shawbrook, said: “Phill brings a great
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UK Prime Minister Told That to the Chinese, She's 'Auntie May'

U.K. Prime Minister Theresa May and husband Philip tour the Forbidden City in Beijing, on Feb. 1. Photographer: Chris Ratcliffe/Bloomberg. U.K. Trade Secretary Liam Fox said Thursday that he wished the people of Britain could see Theresa May as the rest of the world sees her. It was helpful, then that
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Reading International, Inc. (RDI) Given Consensus Rating of “Strong Buy” by Brokerages

Reading International logo Shares of Reading International, Inc. (NASDAQ:RDI) have been assigned an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating. Brokers
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Missing in action: Banking reforms

The difficult gets done at once; the impossible takes a little longer. This is the sort of can-do attitude that everyone – industry, the regulator and the Centre – has been expecting from banks, despite the plethora of challenges they have been up against. In the last three to four years, a prolonged slowdown
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Mortgage Rates Keep Rising, Hit Highest Level Since Last March

The UrbanTurf Mortgage Rate Disclaimer: The rates reported by Freddie Mac for 30-year mortgages are usually the best rates that the most qualified borrowers can get, so borrowers or those considering refinancing should not necessarily read this news and think that they can go out and get a loan with
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A Great Bank That Made A Terrible Mistake – Wells Fargo

Wells Fargo (WFC) is a diversified financial service company that provide retail, commercial and corporate banking services carried through their distribution channels to individuals, businesses and institutions across all states in the United States and in other countries. The bank generated 88.4 billion in
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US Envoy for North Korea Says Military Option 'Not Close'

Tokyo (AP) — The United States' special envoy for North Korea said Thursday that America is not close to taking military action against the North. Joseph Yun said U.S. policy is to apply pressure and leave the door open for dialogue, while keeping all options open. Yun said a military option is included,
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Playa Del Carmen: a Booming Real Estate Market

Mexico has always been an alluring city for real estate investors. Even though its real estate market has been unstable in the past few years, some markets have been growing. Among them is Playa del Carmen, which attracts more investors than ever. You probably should invest too, considering it is
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Someone is selling their New Jersey house for $2.3 million in bitcoin — and it's a growing trend

Bitcoin is becoming increasingly accepted in the real estate market with hundreds of listings accepting the cryptocurrency over the last six months. There are a lot of risks to using bitcoin for payment due to the cryptocurrency's volatility, but buyers and sellers are finding creative ways to deal with it.
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Mika Brzezinski, 'Fire and Fury' Author Michael Wolff Clash on MSNBC's 'Morning Joe'

Fire and Fury author Michael Wolff's time on MSNBC's Morning Joe came to an abrupt end on Thursday morning, after host Mika Brzezinski called him out over recent rumors involving President Donald Trump and U.S. Ambassador to the United Nations, Nikki Haley. Wolff, whose bestselling book
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Mortgage Rates Go Up, Up and Away

The 30-year fixed-rate mortgage (FRM) averaged 4.22 percent for the week ending Feb. 1, up from last week when it averaged 4.15 percent. The 15-year FRM this week averaged 3.68 percent, up from last week when it averaged 3.62 percent. And the five-year Treasury-indexed hybrid adjustable-rate
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Low-Income Housing Tax Credits News Briefs – February 2018

The Federal Housing Finance Agency (FHFA) released in late December 2017 its 2018 Scorecard for Fannie Mae, Freddie Mac and Common Securitization Solutions. The scorecard includes a new provision directing Fannie Mae and Freddie Mac to research and assess opportunities to further
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WHO'S NEWS: Commercial appointments and promotions

The Community Preservation Corporation (CPC) announced two new executive hires: Joseph Tancredi as Vice President, Manager of Freddie Mac Conventional and Targeted Affordable Underwriting, and Timothy Deegan as Vice President, Manager of FHA Lending and Originations. Joseph Tancredi
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What Do Potential GSE Changes Mean for FICO?

That it's exacerbated in the mortgage market, when you have a tri-merge requirement, meaning that each and every one of the credit bureau files are required for mortgage origination, if you're delivering to Fannie Mae and Freddie Mac. They have unchecked pricing power associated with both the credit
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Lamborghini CEO Discusses Brand's 'Quantum Leap' Sales Growth

Stefano Domenicali is no stranger to speed. Before being installed as Automobili Lamborghini CEO in 2016, he spent nearly his entire career with rival Ferrari in its motorsport division, culminating in a six-year stint as chief of its famed Formula 1 team. Now he's overseeing a different type of acceleration:
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Buy or rent? Buying still beats renting in most markets

Buy or rent? Buying still beats renting in most markets

The USDA loan is the best-kept secret in the mortgage market. It requires zero down, plus credit guidelines are loose. Eligibility is location-based. Many rural and suburban neighborhoods across the U.S. are USDA-eligible. This loan is perfectly suited for first-time and repeat buyers, and you don't have
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Ikea founder Ingvar Kamprad's heirs will only get a FRACTION of his £54billion fortune despite …

The frugal businessman was ranked eighth on Bloomberg's Billionaires Index with a fortune of around £54 billion. Kamprad was father to an adopted daughter Annika from his first marriage, and three sons – Peter, Jonas and Mathias – from his second marriage. Bloomberg analysts report that most of the
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Bitcoin price BOOST: Millennials are FLEEING banking to jump on the bitcoin bandwagon

“That has driven the skewing of our new accounts opened to the younger trader and younger investor.” One such trader was Arthur Hayes, CEO of BitMEX, who told Bloomberg he made the jump to crypto after growing bored in banking. He said: “We missed out on the peak of finance. Instead, we got the
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CMLS Financial releases in-depth February 2018 Commercial Mortgage Commentary

TORONTO, Feb. 01, 2018 (GLOBE NEWSWIRE) — CMLS Financial, one of Canada's largest, independently owned mortgage services companies, has released their latest Commercial Mortgage Commentary, an in-depth analysis of the commercial mortgage market in Canada. The company's February
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Banking on Nevada: Nevada Financial Institutions {By The Numbers}

“Specific to Nevada in 2017, [the banking industry] saw a significant increase in borrowing activity,” said John Guedry, CEO, Bank of Nevada. “Up until then, since about the time the recession ended in 2008, there's been a lot of deposit gathering, companies building their balance sheet and staying liquid
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Bay Equity Adds Letty Huffman as Regional Sales Manager

Bay Equity Home Loans has named Letty Huffman as its new Regional Sales Manager for the A Tucson, Ariz. native and 27-year veteran of the mortgage industry, Huffman is a Past President and current Board Member for the Southern Arizona Association of Mortgage Professionals. “Everyone
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Miami Pension to Divest from Real Estate Fund

The City of Miami General Employees' & Sanitation Employees' Retirement Trust (GESE) has removed a target real estate asset allocation of 5%, and has shifted that into large cap and fixed-income investments. For the quarter ending Sept. 30, 2017, the GESE had a 4% asset allocation in real estate
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Instagram Stories No Longer Requires Sharing Just Photos or Video

The Facebook-owned app (fb, +2.17%) announced on Thursday that it is adding a new feature called “Type Mode,” which enables users to share what's on their minds without having to capture a photo or video. Technically, such a layout was possible to achieve before, but it required some finagling with
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He directed $20 million in fake luxury home buys. That bought real prison time.

For using her title company in the scheme, Cabrera was sentenced to two years and one month of prison time followed by five years' supervised release with $10,502,773.99 restitution. Melian, who provided a faux buyer (his mother) for one of the 45 Hendricks Isle units, got five years' probation with
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Air-Taxi Startup Has a Working Prototype and a Fresh $100 Million

If you want to see JoeBen Bevirt's flying car, you have to get in a helicopter. The engineer's private airfield is nestled in a valley on the Northern California coast between Monterey and Santa Barbara, and it's remote by design, out past a swirl of tan and green fields. Bevirt, a 44-year-old whose bursts of
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Six Senators to Watch in the Debate Over Young Immigrants

Senate negotiations aiming to prevent another U.S. government shutdown over immigration feature a variety of factions, hard-liners, political actors and presidential hopefuls who will determine whether people who arrived in the U.S. illegally as children will be spared deportation. Majority Leader Mitch
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Freddie Mac Names Top Multifamily Lenders for 2017

MCLEAN, VA–(Marketwired – Feb 1, 2018) – Freddie Mac ( OTCQB : FMCC) today announced the multifamily lenders who transacted the most financing volume with the company in 2017. In addition, the company announced the top regional lenders of multifamily conventional loans and the top lenders
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Average Home Seller Profits at 10-Year High

Home sellers enjoyed an average home price gain since purchase of $54,000 during the fourth quarter of 2017, up from $53,732 in the previous quarter and up from $47,133 one year earlier, according to a new study from ATTOM Data Solutions. The fourth quarter results were the highest recorded
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2 Comeback Stocks to Consider Buying Now

With the stock market rising to new all-time highs with regularity, investors have to dig deeper to find bargains. The financial industry is rich with opportunity, in my view, as shares of WisdomTree Investments (NASDAQ:WETF) and American International Group (NYSE:AIG) offer up fat pitches to profit from
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Money-making stocks that will influence your buying rate: Philip Morris International Inc. (NYSE: PM)

Philip Morris International Inc. (NYSE: PM), is in the industry Cigarettes. Based in USA, Philip Morris International Inc. has a market cap of 166.53B. Therefore, Philip Morris International Inc. is a large market cap stock. Today it is currently trading at $106.05 (-1.10%), with an average volume 4,585,
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Miguel Sard to chair mortgage board at UK Finance

UK Finance has hired Miguel Sard to chair its mortgage board replacing Leeds chief executive Peter Hill who oversaw the merger of the Council of Mortgage Lenders with five other trade bodies to form the umbrella group. Sard has worked for Santander since 2007 and has been director of mortgages at
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Interest-only mortgages leave many owners facing possible eviction

Growing numbers of homeowners are set to lose their houses if they don't take action to repay their debts, the UK financial regulator has warned. Almost one in five mortgage customers – around 1.7m people – have an interest-only mortgage, despite a bid by the Financial Conduct Authority (FCA) to
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Government walks the talk in addressing affordable housing, but larger real estate issues …

That said, the government has been actively regulating the real estate industry over the last several quarters. From demonetisation aimed at curbing the effect of unaccounted money; to RERA which will help bring in consumer confidence, the real estate sector has seen significant regulatory influence in
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Greystone Ranks #1 for Freddie Mac Targeted Affordable Housing Lending in 2017

NEW YORK, Feb. 01, 2018 (GLOBE NEWSWIRE) — Greystone, a real estate lending, investment and advisory company, today announced it has ranked #1 in Targeted Affordable Housing (“TAH”) loan origination volume for 2017 by Freddie Mac. Greystone's Freddie Mac TAH volume included
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Jumping on the digital banking bandwagon

Although the world in moving into a more digital sphere, many people tend to be reluctant to take advantage of digital banking channels due to certain barriers and misconceptions. Desery Van Wyk, Head Digital Products, Digital Banking, FNB Namibia Holdings said a lot more education is needed about
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The Opening Bell 2/1/18: These Entrepreneurs are Banking on a Virtual Business Future

The Opening Bell 2/1/18: These Entrepreneurs are Banking on a Virtual Business Future

Last week provided a global spotlight for the World Economic Forum, and now Don Lloyd (SVP & Manager of Capital Markets – Foreign Exchange, Rate Swaps, and Commodity Derivatives) touched on some of the biggest ideas from the event in this week's Associated Bank Thought Leader
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Bipartisan Bill Would Strengthen the SBA's 7(a) Small Business Lending Program

The Congressional representatives believe that the Small Business 7(a) Lending Oversight Reform Act offers commonsense reforms to increase the efficiency and reach of the program. “The House Small Business Committee has a long tradition of working across the aisle to promote opportunity and job
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Capco Trust acquired

Deloitte and Bedell Cristin acted as advisers to Ocorian and Capco were advised by Wyvern and Carey Olsen. This is the second acquisition announced by Ocorian since its management buy-out, following the completion earlier this month of the purchase of Luxembourg-based MAS International.
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Digital Banking in Denmark Coincides With 60% Rise in Card Fraud

Nordic countries pride themselves on being further ahead than most when it comes to digital banking. … Credit card fraud jumped almost 60 percent in 2016, according to the most recent data, and Danish police are now urging bank customers to use a texting service offered by banks to notify them of
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S. Africa Seeks Viceroy Probe as Capitec Clients Stay Loyal

The three-person firm led by a former U.K. social worker and two young Australians on Tuesday accused the lender of refinancing defaulted loans with new debt. The bank described the analysis as one-sided and inaccurate and laid a complaint against New-York based Viceroy with the country's
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2019 Infiniti QX50 first drive review

Infiniti claims its owners prefer to keep the map displayed at all times (hence the need for a second screen), but the required real estate seems too great a … Soft leather panels, real wood grain trim, and brushed metal accents feel more in line with full-luxury German marques than the QX50's “entry-level”
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Facebook Reversal Lifts Markets, Though FAANG Jitters Linger

S&P Futures got a lift after a rush of tech earnings gave us a REAL market-moving event, after back-to-back non-events in the State of the Union and the Fed decision, but the move has been fading in the past couple hours to near flattish levels. Facebook initially sold off on jitters over usage declines
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PeerIQ 4Q17 securitization tracker shows growth of marketplace lending industry

The latest edition of PeerIQ's quarterly securitization tracker has several indicators pointing to the health of the marketplace lending industry. Ten marketplace lending securitizations priced this quarter totaled $4.4 billion, a record for quarterly issuance, head of research Ashish Dole said. That is 100 per
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Best Pennsylvania Mortgage Lenders of 2018

We've picked at least two lenders in several “best of” categories to help you find a lender that meets your needs. … the top in NerdWallet's lender research and reviews for five key categories: government-backed home loans, refinancing, first-time homebuyers, jumbo lending and online lending platforms.
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Freddie Mac: Mortgage rates rise on expectation of future rate hikes

Freddie Mac: Mortgage rates rise on expectation of future rate hikes. 30-year now up 27 basis points from … “The Federal Reserve did not hike rates this week, but the market views future hikes as a near certainty,” said Len Kiefer, Freddie Mac deputy chief economist. “The expectation of future Fed rate
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What hotel renovations reveal about hotel trends

Besides adapting to changing consumer and industry trends, hotel renovations take place, said Adam Docks, real estate attorney at Perkins Coie in Chicago, for a variety of reasons, including a conversion from an independent hotel to a franchise, a rebranding from one chain to another or simply a
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Should foreign buyers be banned from BC housing market?

Joshua Gottlieb, a UBC professor of economics, spoke to Business News Network about the B.C. housing market. He explained why banning foreign buyers from the Vancouver market will not solve the city's housing affordability problem.
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Sydney leads housing markets lower

January home values were down in every capital city except Brisbane, which was flat, and the affordable market of Hobart, which rose 1 per cent, according to the CoreLogic home value index. Sydney dropped the most, down 0.9 per cent in January. Detached house prices in the harbour city have risen
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Video Game Conference Rescinds Award for Atari Founder Amid Sexism Complaints

Organizers of one of the video game industry's biggest trade shows have reversed a decision to honor Atari founder Nolan Bushnell after receiving multiple complaints about how the company was run in its early days. Bushnell was set to receive the Pioneer Award at the Game Developer's Conference
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Mortgage Advisor

Mortgage Advisor – NI Bank Job in Belfast – nijobfinder – Northern Ireland – MCS Group – Thousands of jobs throughout NI. Find your Ideal job with NiJobFinder.
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Long-term US mortgage up again as lending standards tighten

Mortgage giant Freddie Mac says the rate on 30-year, fixed-rate mortgages averaged 4.22 percent this week, highest since March and up from 4.15 percent a week earlier. They stood at 4.19 a year ago. The rate on 15-year, fixed-rate loans, popular among homeowners who refinance, rose to 3.68
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2017 Illinois housing market surpasses 2016 levels

The Illinois home market ended 2017 on a high note in terms of both median prices and sales, with the former increasing for 64 straight months. However, due the lack of available inventory, the number of home sales in the state last year experienced a slight overall drop in statewide home sales in
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Ultimate Finance posts 47% lending growth

… the lender saw its client base increase by 32% over the past 12 months, with Ultimate Loan clients growing by 78% and trade finance customers up 56%. Ron Robson, CEO at Ultimate Finance (pictured above), said the increase in lending demonstrated the team's commitment to the SME community.
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Tampa International Airport moving toward building big office project

In Phase II of its $2 billion expansion, Tampa International Airport plans to develop 17 acres with a 9-story office building, two hotels, shops and a … airport plans to move about 60 percent of its staff into three floors of the building and is talking about buying the building three to five years after it moves in.
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Stocks News Update: Capstead Mortgage Corp. (NYSE:CMO), Globus Maritime Limited (NASDAQ …

… investment strategy is managing a leveraged portfolio of residential mortgage pass-through securities consisting almost exclusively of ARM securities issued and guaranteed by government-sponsored entities, either Fannie Mae or Freddie Mac, or by an agency of the federal government, Ginnie Mae.
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How GE Went From American Icon to Astonishing Mess

How GE Went From American Icon to Astonishing Mess

The risks became clear only under Immelt, who took over the company in the wake of the dot-com bubble and right before the attacks of Sept. 11 (a particularly acute shock to a company that did billions of dollars in business with airlines). As the years went on and GE's stock price fell to a third of its
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India Hits Apple, Rivals With Higher Duties on Imported Phones

India is raising custom duties on imported mobile phones to 20 percent from 15 percent, a bid to promote domestic manufacturing that may hurt Apple Inc.'s ability to compete in the world's fastest-growing smartphone market. The iPhone maker has been seeking to expand its presence in India and has
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Incenter Completes Acquisition of Agents National Title Insurance Company

CHARLOTTE, N.C.–(Business Wire)–Incenter LLC (“Incenter”), a leading provider of trading, advisory and fulfillment services for lenders and specialty finance companies, has completed its previously announced acquisition of Agents National Title Insurance Company (“ANTIC”). Terms of the transaction
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Mortgage rates are trending higher

Mortgage rates continued their ascent, rising for the fourth week in a row. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average climbed to its highest level since last March, rising to 4.22 percent with an average 0.5 point. (Points are fees paid to a lender equal to 1
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First American Financial Corporation: First American Completes Acquisition of Bank of America's …

SANTA ANA, Calif., Feb. 1, 2018 – First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today announced the completion of its acquisition of Bank of America's lien release business. Bank of
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Why the future of banks does not solely rely on bankers

To succeed in today's financial landscape, banks must look at how they can best meet the demands of consumers, while at the same time ensuring they are keeping up with digital transformation. Today's customers want a banking experience that is easy and seamless across services and products.
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Capstead Mortgage (CMO) Earns Daily News Impact Rating of 0.19

Capstead Mortgage (CMO) Earns Daily News Impact Rating of 0.19 … Capstead Mortgage earned a news impact score of 0.19 on Accern's scale. … mortgage (ARM) securities issued and guaranteed by government-sponsored enterprises, either Federal National Mortgage Association (Fannie Mae) or
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Equity transfer: How to avoid possible damage to corporate assets

Subject matter of an ETA: shareholder's equity vs. company's assets. A shareholder transfers the title to his certain property to the company in order to fulfil the obligation of capital contribution. Before the shareholder fulfilling the obligation of capital contribution, the title remains with the shareholder.
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VHT Studios Partners with AgentEDU to Offer Real Estate Agents Best-in-Class Online Real Estate …

AgentEDU and VHT Studios are rolling out the course, “How to Take Real Estate Photography,” to provide agents of all levels with direct online … and other real estate professionals rely on Agent Publishing for a cutting-edge mix of fresh local reporting, detailed analysis of major national trends and
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Real Estate Money Machine – 33% Cash Flow Yield

Despite the market telling me that I am wrong, I continue to believe that class B mall REITs are more opportunistic than ever before. The latest dividend cut of CBL led to another round of market panic – causing share prices to plunge and dividend yields to shoot up as high as 14.5%. The CBL mall
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Term Sheet — Thursday, February 1

Heilan Home Co Ltd, a China-based clothing company, will raise 10 billion yuan ($1.59 billion) from Tencent, JD.com, and Vipshop Holdings. The proposed deal represents a recent push by Tencent, China's biggest social network and gaming company, into brick-and-mortar retail to further compete with
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SIGTARP seeks more scrutiny of Making Home Affordable servicers

Servicers that handle loans in the government's Making Home Affordable program could face more enforcement at the urging of the Special Investigator General for the Troubled Asset Relief Program. Alleged mismanagement of MHA loans has become the biggest risk to the program, according to the
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UPS is buying 14 new 747s — have a look inside one (PHOTOS)

The company made a similar announcement in 2016 that it was buying new 14 747-8F aircraft. So far, the company has received the first four planes from that order. One of these planes was put into service at Louisville International Airport on Wednesday afternoon. We had a chance to look at the
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Backing out of a real estate deal? A cautionary tale against strong-arm tactics

When a lawyer is standing in front of a judge clutching an emergency motion, the case rarely concerns a real estate deal gone wrong. But Toronto-based lawyer Albert Frank recently raced to the courthouse to untangle a real estate twist he'd never before encountered in 30 years of practice. Mr. Frank
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EACH welcomes CCP recovery and resolution work

The European Association of CCP Clearing Houses (EACH) has welcomed the progress made by the European Parliament's Committee on Economic and Monetary Affairs (ECON) to strengthen the legislative proposal from the European Commission on central counterparty (CCP) recovery and
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AHML and Tinkoff Bank create e-platform for mortgage loans

The Agency for Housing Mortgage Lending («AHML») and Tinkoff Bank have signed an agreement to set up a joint venture to offer mortgage lending on a special electronic platform. The agreement was signed by Alexander Plutnik, CEO of AHML, and Oleg Tinkov, Chairman of the Board of Directors of
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Plan to make bank best in global banking

“Scotiabank has made significant investments in digital banking and digital technology. In TT we have made a big investment in launching our first, TT's first digital branch – our Price Plaza, Chaguanas branch…Our customers are consistently looking for more and more flexibility, more and more ease of
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online banking not working

I have been trying to access the online banking page for around a month with absolutely no success. It keeps saying that it is unavailable due to an external service problem. I have tried using different browsers and get the same response.
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Why Fannie May and Freddie Mac Should be Subject to FOIA, and How it Could Happen

On April 27, 2017, the House unanimously passed H.R. 1694, the Fannie and Freddie Open Records Act of 2017. H.R. 1694 would make the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) subject to FOIA. Fannie Mae and Freddie
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Sales of bonds for refinancing of adjustable rate mortgage loans

From 5th to 9th of February 2018 (inclusive), BRFkredit will sell bonds to refinance adjustable rate mortgage loans. Refinancing will be carried out in both BRFkredits RTL F bonds and in traditional non-callable bullet bonds. The bonds are offered for sale with 3rd of April 2018 as settlement date.
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Budget 2018: Public sector banks to lend additional credit of Rs 5 lakh crore

Budget 2018: Public sector banks to lend additional credit of Rs 5 lakh crore

The finance minister outlined in his Budget speech that bank recapitalization program has been launched with bonds of Rs 80,000 crore being issued this year. The programme has been integrated with an ambitious reform agenda, under the rubric of an Enhanced Access and Service Excellence
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India Just Caused the Price of Bitcoin to Slide Again

The Indian government is to ban the use of Bitcoin and other cryptocurrencies for payments, finance minister Arun Jaitley has announced, kicking Bitcoin's already-sliding value further down the slope. At the same time, Jaitley indicated that the government has a different attitude toward the blockchain
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Taking Canopy to the next level in 2018

Tanmai Sharma, CEO, Canopy talks about their data driven offerings and how they help private banks boost their revenue. Canopy offers highly efficient, smart and data driven products to wealth managers to make them more efficient while dealing with end investors. “There are clear patterns about how
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How Ottawa has become a top real estate market to watch

You could be forgiven if you've paid no mind to Ottawa's real estate market as the action in Toronto and Vancouver has stolen the headlines. But those in the know are already seeing Canada's capital as a market to watch in 2018 and beyond. Bank of Montreal Senior Economist Robert Kavcic wrote the
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Borrower, mortgage eligibility is top critical defect category in Q2 2017

“Investors are tracking these trends as well, and could make adjustments to protect themselves from what they see as potentially damaging market trends—lenders need to be aware of that,” McCall said. “Adjusting QC efforts in the short term can help lenders react to guideline changes with ease and
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Deposit-Shunning Banks Get Big Break as US Eases Leverage Rule

Bank of New York Mellon Corp. and State Street Corp. stand to benefit most as U.S. regulators rush to ease a key leverage rule, giving the custody-banking giants room to once again accept deposits they've shunned in recent years.
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Binary Biometrics Helps Palm Beach Entrepreneur Luther Belvilus Open a LiveScan Fingerprinting …

1, 2018 /PRNewswire/ — Binary Biometrics, a biometrics training and equipment supply company is pleased to announce that it has recently assisted … real estate brokerages, private investigators, traffic schools, title companies, schools, hospitals, and other professionals throughout the State of Florida.
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Consumer/Residential Lending

Home Equity. OceanFirst Bank has home equity financing to fit your every need. So if you are looking to finance home improvements, college financing, debt consolidation or shopping for a new car, let your home's equity work for you. We offer great rates and flexible loan terms to fit your borrowing
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Budget 2018: Real Estate Sector Welcomes Housing For All Scheme

Budget 2018 was majorly focused on agriculture and farmers, but announcements for the affordable housing sector pleased the real estate sector too. The real estate sector sees Union Budget 2018 as a balanced one with focus on affordable housing. However, Union Budget 2018 will not have any
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Carlyle Wins Tax Fight Over $465 Million Real-Estate Deal

14 ruling that there is no evidence to show that the affiliate, which is part of a Carlyle European real estate fund, should be considered as operating in France rather than in Luxembourg for tax purposes. As such, Cerep Imprimerie, can't be taxed as if it also has a permanent base in France, as requested
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Digital Lending startups see more scope in the FM's Budget Speech

BENGALURU: Digital lending startups are looking forward to a slew of support measures from the government after Finance Minister Arun Jaitley … credit decision-making to expansion of scope of funding, digital lending platforms are anticipating a renewed push for their business and growth prospects.
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DNB profit climbs, beating forecasts

DNB ASA (DNB.NO), Norway's biggest lender, on Thursday posted a forecast-beating 19% rise in fourth-quarter net profit driven by strong net-interest income and a sharp drop in loan losses. The Oslo-based bank said net profit rose to 6.13 billion Norwegian kroner ($796 million) from NOK5.14 billion in
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Budget 2018: 10% Long Term Capital Gain tax to benefit P2P lending players

The government is also committed to taking special policy measures to enable startups to attract foreign capital through hybrid instruments. Besides, government's willingness to promote the use of blockchain technology to encourage digital economy may prove to be a growth catalyst for the P2P lending
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Goji's Diversified Lending Bond returns six per cent

GOJI, the peer-to-peer investment manager, has reported a six per cent net return for its Diversified Lending Bond. Launched in January last year, the bond was targeting a return of five per cent after fees over a one or three-year term. Over the past 12 months the bond has invested in more than 1,200
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Taiwan appoints deputy Yang Chin-Long as new central bank governor

Mr Yang, 64, will replace Mr Perng, one of the world's longest-serving central bank governors, cabinet spokesman Hsu Kuo-yung said at a briefing in Taipei on Thursday. Selecting Mr Yang, a top lieutenant to Mr Perng who joined the central bank in 1989, signals policymakers are aiming for consistency
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Three Reasons Multifamily Developers Should Focus On Baby Boomer Renters

And by according to a survey by Freddie Mac, by 2020, more than 5 million baby boomers are expected to rent their next home. A baby boomer renter is close to retirement or is retired; wants to live in the city, closer to their children and grandchildren; is downsizing from a suburban McMansion and
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Norway's DNB takes more positive view of housing market

Norway's housing prices hit record-highs in the spring of 2017, but have since fallen as tighter mortgage regulations, lower population growth and a boom in construction weakened demand at a time of rising supply. Worries over the housing market have also weighed on Norway's economic outlook,
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Big 6 Wall Street Banks Sued for Stifling Stock Lending Comp: LIVE MARKETS BLOG

Three pension funds filed a lawsuit in New York this week accusing the big six Wall Street banks of conspiring to stifle competition in the lucrative $1 trillion stock-lending market, the Wall Street Journal reported Thursday. The litigation is concerned with stock-lending transactions that involve pension
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CFPB Ruling and Takeaways for Lenders; Fed Change in Leadership

Freddie Mac is Reimagining the Mortgage ExperienceSM to create a smarter, simpler, and less costly origination process. We're using big data and advanced analytics to offer our automated collateral evaluation (ACE) — allowing you to underwrite certain loans without an appraisal – speeding up and
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Chinese millionaires 'lined up' to buy Montreal real estate: expert

With a limited supply of housing here for those used to millionaire lifestyles, Montrealers can expect the price of luxury real estate will likely go up, Kurland said. And indeed, the hot streak in Montreal real estate has, by all accounts, been fuelled by sales of luxury homes. In 2017, on the island of Montreal
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An eBay Announcement Just Sunk PayPal Stock

An eBay Announcement Just Sunk PayPal Stock

PayPal Holdings Inc's shares fell as much as 12% in after-hours trading on Wednesday after former parent company eBay Inc said it had signed up a new primary payment processor. EBay said it will start processing payments globally using Dutch payments company Adyen, allowing its users to remain
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B1GS President Starts Campus Textbook Lending Program for Fellow First-Generation College …

In spring 2017, McCrea created the Rutgers University–Camden Lending Library, a repository of donated textbooks which can be borrowed by B1GS students, as well as those enrolled in EOF, TRiO or Student Success. The program goes a long way to supplement other available programs on campus,
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The Impact of Bitcoin on the Housing Market

“Here's the thing people need to understand about investing in Bitcoin: there is risk associated with it, just the same as the stock market and real estate,” added Campbell. “And when I say risk, I mean that this is very risky. When compared to traditional real estate investments, you're taking a much more
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Nomura suffers wholesale banking pain away from home

Profits at Nomura's wholesale banking business plunged 70% in the last quarter, dragged down by falling revenues generated outside its home market in Japan. The bank today reported pre-tax profits for wholesale of ¥14bn ($127.7m) in the three months to the end of December — its fiscal third quarter.
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County deeds scanned

A team from US Imaging, using Fidlar Technology software, scans documents from deed books in the St. Francois County Recorder of Deeds office. The project involves reversing the negative documents into black on white images that are then placed on digital film. Sixty deed books out of 467 have
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UK house prices show surprise pick up in January – Nationwide

In monthly terms, prices rose by 0.6 percent in January, the same pace as in December and stronger than the Reuters poll forecast of 0.2 percent. Britain's housing market has weakened since the Brexit vote caused a sharp fall in the value of the pound, pushing up inflation and leading to a squeeze on
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How to start a real estate team as a first-year agent

Want to start a real estate team but have little-to-no experience as an agent? Believe it or not, it's possible to get a successful team running your first year in the business. The success of Pat Hiban's recent podcast guest David Serpa is proof of that. With only 10 months in real estate, Serpa started his real
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More Rohingya mass graves found in Myanmar, lending weight to genocide claims

The faces of the men half-buried in the mass graves had been burned away by acid or blasted by bullets. Noor Kadir could only recognize his friends by the colours of their shorts. Kadir and 14 others, all Rohingya Muslims, had been choosing players for the soccer-like game of chinlone when the gunfire
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'Merchant banking opportunities remain untapped'

Mr. Phillips Oduoza is the promoter and Chairman of NOVA Merchant Bank Limited, the latest financial entity in the nation's banking industry. Oduoza, a former Group Managing Director and Chief Executive Officer of a major commercial bank in Africa, is a consummate banker, with nearly three decades
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An Animated Super Mario Bros. Movie Is Coming and the 'Minions' Studio Will Make It

Mario and Luigi will soon be headed to a theater near you, according to an announcement from Nintendo (ntdoy, +6.93%). The game maker is teaming up with Illumination, the studio behind smash hits Despicable Me and Minions, to produce an animated movie based on the world of Super Mario Bros.,
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US Consumer Lending job

The Decision Support Center of Excellence (DSCoE) Planning & Analysis team is responsible for driving strategic analysis of USCS performance and forward-looking expectations for the GCSG and USCS Presidents, Global Head of Lending, and CFO. The Lending Manager role will support a variety of
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Subprime Auto Lenders Straining Under Bad Debts

The U.S. subprime auto-lending market continues to show signs of weakness, leading to increased worries among economists that despite the positive-appearing figures being tossed off by the U.S. economy, blue collar America continues to struggle to pay its bills on time. The nation's two largest
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'She did actually give a private tour': The man who sold Kim Kardashian and Kanye West's $17.8 …

In November, Kim Kardashian and Kanye West added 'real estate moguls' to their jam-packed CV, working with Million Dollar Listing stars Josh and Matt Altman on the sale of their Bel-Air mansion. The couple bought the property in 2013 for $9 million, shattering records four years later when they
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Colony NorthStar Credit Real Estate, Inc. Lists on New York Stock Exchange with $5.1 Billion

NEW YORK & LOS ANGELES–(BUSINESS WIRE)–Colony NorthStar Credit Real Estate, Inc. (NYSE: CLNC) (“Colony NorthStar Credit” or the “Company”) today announced the completion of the combination (the “Combination”) of a select debt and credit real estate portfolio of Colony NorthStar, Inc.
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Student debt impacting housing market

A costly college diploma could be costing millennials the other American dream: owning a home. A new study conducted by Apartment List found that debt from student loans is having a big impact on the ability for college graduates to buy a home.
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SBT Bancorp, Inc. Reports Fourth Quarter 2017 Results

SBT Bancorp, Inc. (the “Company”), (OTC Pink: SBTB), holding company for The Simsbury Bank & Trust Company, Inc. (the “Bank”), today announced net income of $682 thousand or $0.50 basic and $0.50 diluted earnings per share for the quarter ended December 31, 2017, compared to net income of
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After Boasting About Lowering Black Unemployment, Trump Undermines the Federal Unit …

Discrimination in lending is not a subject that is unfamiliar to Trump. In 1973, he was named in a housing discrimination suit filed by Richard Nixon's Department of Justice. The case was settled with Trump admitting no wrong-doing, but a subsequent investigation by the New York Times “uncovered a
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Court of Appeals rules against CFPB, vacates PHH's $100M fine for alleged RESPA violations

While the main story coming out of Wednesday's stunning decision from the Court of Appeals for the District of Columbia Circuit was the court upholding the constitutionality of the Consumer Financial Protection Bureau, the CFPB didn't escape unscathed.
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Poland's Holocaust Law Seeks to Weaponize Memory

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: Leonid Bershidsky at lbershidsky@bloomberg.net. To contact the editor responsible for this story: Therese Raphael at traphael4@bloomberg.net. Before it's here
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We recommend Lorie Burch in the Democratic primary for the 3rd Congressional District

Democrats can hardly go wrong nominating any of four candidates seeking the open Collin County seat for the 3rd Congressional District — they all seem smart, earnest, professional and congenial. The standouts, though, in the way of experience, are lawyer Lorie Burch and title company owner Adam
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Russia's central bank says will stimulate M&A in banking sector

Russia's central bank says will stimulate M&A in banking sector

DOMODEDOVO, Russia, Feb 1 (Reuters) – The First Deputy Governor of Russia's central bank, Dmitry Tulin, said on Friday that the central bank will be gently stimulating mergers and acquisitions in the banking sector. “Now we have no opposition inside the central bank,” Tulin said at a conference near
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Structured and Freddie Mac

Find out more about SelectLeaders job postings by viewing the online job postings in more detail. Multifamily Underwriting Director – Structured and Freddie Mac.
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NEX trading statement shows mixed results

NEX Group has revealed that Q3 2017 group revenue was up 3 percent year-to-year and up 6 percent year-to-date, according to the firm's Q3 results. The results also showed that Q3 revenue of NEX markets fell 10 percent. NEX Optimisation Q3 revenue rose by 10 percent compared to the same period
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China's banking sector reports growing domestic assets in 2017

BEIJING, Feb. 1 (Xinhua) — China's banking sector reported growing domestic assets and debt in 2017, official data showed Thursday. Domestic assets of financial institutions in the banking sector stood at 245.78 trillion yuan (38.99 trillion U.S. dollars) at the end of December, up 8.6 percent year on
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Mortgage servicers still face headwinds under CFPB amended rules

We've found that the handling and posting of payments during bankruptcy has been a widespread issue in our testing environment. Specifically, there is increased risk exposure in pre-and post-petition payment application and treatment, both inside and outside of the bankruptcy plan. Servicers and
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Lenders offer attractive deals to combat decline in new mortgage approvals

British banks approved the fewest new mortgages in December since April 2013, according to figures released by UK Finance. Only 36,115 home loans were approved by mortgage lenders, a drop of 19% on November's home loan approval of 39,007. The figures are largely considered to be a result of
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Recruiting Leader RETS Associates Announces Entrance Into Residential Real Estate Category

31, 2018 (GLOBE NEWSWIRE) — RETS Associates, a leading national real estate recruiting firm, today announced its much-anticipated entrance into the … Hiring Motivators, Compensation Trends, Women in the Industry, Relocation Trends, Millennial Demo Insights and Baby Boomer Demo Insights.
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First Community Mortgage Expands its Consumer Direct Team in Cleveland

“Our Human Mortgage approach embraces the transparent, up front and honest communication that our clients want.” Garett Boham also joined the company as processing manager, overseeing the local operations team. His creativity and leadership has built a best-in-class sales support team,
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Lending ClubUnited Miles Bonus 1$ 1 Mile previous 2$ 1

Through this collaboration, borrowers can earn 1 MileagePlus award mile for each dollar borrowed, up to $40,000. Spoiler Unfortunately the deal to get a personal loan through Lending Club is identical to the American offer I previously wrote about. Lending Club United bonus miles for I just received an
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Teva, JC Penny and SPI Energy feature in FIS hot stock lists

Teva for the Europe, the Middle East and Africa region, J.C. Penny for the Americas and SPI Energy for the Asia Pacific led the FIS Astec Analytics hot stocks list. The Israel-based pharmaceutical company, Teva, was top of the list on its debut appearance after its share price closed at ILA 7,051 (USD
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Housing affordability still high, despite increasing home prices

Because the long-run trend in mortgage interest rates has been downward, from a peak of 18 percent in 1981, the housing market has benefited from consistently increasing house-buying power. Home buyers today have historically high levels of house-purchasing power, and that's one important
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Global Real Estate Lease Administration Manager

A global network of teams — Finance, Human Resources, Talent Development, Marketing, Merchandising, Real Estate and Strategic Planning — direct the daily operations of Nike.com and the hundreds of Nike Stores and Nike Factory Stores. Retail Corporate teams share the same passion and energy
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8 LA companies injecting tech into the real estate industry

Like virtually every other industry, the real estate market is long overdue for some serious innovation, and technology is doing just that. Here are eight tech companies changing the real estate industry.
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COLUMN-Debate on safety of reverse mortgages for US seniors heats up

Most reverse loans are made through the home equity conversion mortgage (HECM) program run by HUD. HECM loan volume has been down sharply in recent years, partly due to a series of HUD-initiated reforms aimed at reducing financial risk to the FHA insurance program, which repays lenders
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Big Banks Accused of Stifling Competition in Stock Lending

A newly filed lawsuit against six major investment banks contends they worked together to prevent a startup company from competing in the vast and lucrative stock-lending market. The complaint, filed Tuesday in a New York federal court, follows a suit brought last summer against the same institutions
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The FBI Stands Up to Trump's Efforts to Politicize It

Early on Wednesday, Bloomberg News reported that Wray had privately told the White House that the memo should not be released. The Bloomberg report paraphrased an anonymous source as saying that Wray objected to the House committee memo “because it contains inaccurate information and
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Factom will announce partnerships with Fortune 100 companies in

With Fortune 500 companies embracing the application of blockchain technology, Coinaccord opens its doors Factom is using the technology behind bitcoin to change how businesses manage data and keep records. Jun 23, 2017 Reports last year of a partnership between Alibaba and the former
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Here's Why Lenders in the UAE Are Upbeat About Growth in 2018

… by a mid-single digit percent this year compared with a 1 percent decline in 2017. Dubai's biggest lender Emirates NBD PJSC also sees a mid-single digit percentage growth compared with a 5 percent increase in 2017. Dubai Islamic Bank expects loans to expand between 10 percent and 15 percent.
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Investors Title Company (ITIC) Trades at $194.50 After Triangle; VECIMA NETWORKS (VNWTF …

Investors Title Company (ITIC) formed triangle with $177.00 target or 9.00% below today's $194.50 share price. Investors Title Company (ITIC) has $367.03M valuation. The stock decreased 1.52% or $3 during the last trading session, reaching $194.5. About 1,022 shares traded. Investors Title Company
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The World's Largest Dairy Company May Have Been Selling Contaminated Baby Milk Since 2005

French dairy group Lactalis could have been producing salmonella-tainted baby milk since 2005, its chief executive was quoted as saying on Thursday, adding the growing crisis was likely to cost the company hundreds of millions of euros. Lactalis has recalled 12 million tins in France and around the
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EU hit with Swiss DEMANDS: Bern seeks new banking deal as referendum threatens bloc split

EU hit with Swiss DEMANDS: Bern seeks new banking deal as referendum threatens bloc split

The EU has refused to negotiate new deals with Switzerland, and is pushing political leaders to unify bilateral agreements which allow access to the single market, ensuring Swiss legislation is up-to-date with the trading bloc. However, difficulties in the banking sector could be the least of Switzerland's
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A SpaceX Pre-Flown Rocket Just Launched a Secure Communications Satellite Into Orbit

SpaceX has delivered a satellite into orbit using a rocket that had already flown before, back in May last year. The Falcon 9 successfully launched and delivered its payload on Wednesday afternoon. The rocket's first outing had taken a U.S. spy satellite, NROL-76, into orbit. This time round, it was
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Scotiabank buying Citibank consumer and small business operations in Colombia

The Bank of Nova Scotia says it has reached an agreement to buy Citibank's consumer and small and medium enterprise operations in Colombia as it looks to expand its reach in Latin … In December, Scotiabank said it had also secured a deal to buy a 68 per cent stake in a Chilean bank for $2.9-billion.
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Bitcoin's January Wipeout Made Cryptocurrency Owners $44 Billion Poorer

Its January slide knocked $44.2 billion off the $200 billion in market value generated in all of last year, the biggest one-month loss in dollar terms in the short history of digital assets. “Once we got to $10,000, crypto had adopted this Teflon persona of late that it's always going to find a base and go back
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80 Fortune Rd Naches, WA 98937

80 Fortune Rd, Naches, WA is a 1232 sq ft, 3 bed, 2 bath home listed on Trulia for $189900 in Naches, Washington.
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Goldgate Unixcoin Lending ICO Launches Poly AI Yoku GRX HBC

GRX results: discover hand-made ideas, home ideas, food, style inspiration and future ideas to try with The Cedrus. Nexcoin Scam, HomeBlockCoin, Ucoincash, Falcon, Davor, Poly AI, Texcoin, Yokucoin ICO Goldgate, Unixcoin Lending ICO Launch, PolyAI, Yoku, GRX, HBC, UCH,
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Five quick questions with appraiser Lori Noble

Appraiser Lori Noble waxed on the state of the valuations industry, the appraiser image and the overall deregulatory environment in a live Twitter interview with HousingWire Editor-in-Chief Jacob Gaffney earlier this week. The conversation is part of the larger cover story on the valuations industry being
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Lending Icy Snowflake

Lend wintry texture to your tree with a flurry of wooden snowflakes, expertly laser-cut for delicate detail. Snowflakes that fall through dry, cool air will be small, powdery snowflakes 13 Mar 2017 Coastal storm will bring rain, wind and snowflakes…. Get ready for those wintery evenings and lazy mornings 2
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Economists give high marks to housing market

The housing market remains healthy, even under the specter of rising mortgage rates and an ongoing construction labor shortage, economists said Wednesday at the Greater Houston Builders Association's annual economic forecast luncheon.
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How Credit Scoring Changes Could Impact the Mortgage Market

Changes to the way credit scores are calculated are on the horizon, and for many prospective homeowners, this could be a good thing. For many years, Fannie Mae and Freddie Mac, the government-controlled entities that guarantee U.S. mortgage loans, have required lenders to base creditworthiness
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China banking sector total assets up 8.6 pct y/y at end-Dec – regulator

BEIJING, Feb 1 (Reuters) – The value of assets held by China's banking sector rose 8.6 percent on-year to 245.78 trillion yuan ($39.05 trillion) as of end-December, the China Banking Regulatory Commission said on Thursday. Liabilities also rose 8.3 percent from a year earlier to 226.37 trillion yuan,
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Mortgage watchdog: 'speak to your lender now about interest-only loans or risk losing your home'

Homeowners with outstanding interest-only mortgage debt should urgently contact lenders to ensure they do not lose their homes, the City watchdog has warned. The number of people taking out interest-only mortgages has plummeted since the financial crisis but 1.7 million loans – around one in five of
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For Once, Uber Needs Travis Kalanick to Speak Up

For more on the future of transportation, go to Bloomberg.com/hyperdrive. BOTTOM LINE – Kalanick will be the key figure in Uber's defense efforts, but the legacy of his business practices continues to haunt the company's attempts to gain the benefit of the doubt. Before it's here, it's on the Bloomberg
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Surprise rise in UK house prices as lack of homes for sale fuels lift

UK house prices rose at the fastest annual pace in 10 months in January, bolstered by a lack of new homes coming on to the market, according to Nationwide. The average price of a home reached £211,756 last month, according to the building society's monthly survey. Property values were up 0.6%
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CRE Report Examines Stability in Risk Environment

Situs RERC, Deloitte and the National Association of REALTORS have released “Expectations & Market Realities in Real Estate 2018 – Stability in a Risk Environment,” an annual report that reviews what's happening in real estate. The report reflects on 2017 trends, including looking at the economy,
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Redcar roadside burger flipper reveals he manages £9m stock market fortune on the side

A ROADSIDE cafe owner flips burgers during the day — and manages a £9million trading fund by night. Stephen Bliss, 34, has become one of the top traders on worldwide social trading platform eToro. Stephen Bliss flips burgers during the day at his Redcar roadside cafe but manages a £. Evening
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FM raises MUDRA lending target to Rs 4 lakh cr for FY19

New Delhi, Feb 1 (PTI) Finance Minister Arun Jaitley today enhanced the lending target under the MUDRA Yojana, which funds the self-employed, to Rs 3 lakh crore for the 2018-19 fiscal. Launched in April 2015, Rs 4.6 lakh crore credit has been sanctioned under the scheme so far to 10.38 crore
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Democrats Gain Momentum in Money Race Fueling Midterm Contests

The minority party in Congress is showing early financial strength in competitive districts where incumbents aren't seeking re-election, a Bloomberg analysis of Federal Election Commission filings shows. In nine of the races where candidates had completed filings by late Wednesday, Democrats have
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Andrew Weaver urges government to bring in taxes for real estate speculators and flippers

B.C. Green Party Leader Andrew Weaver released a policy statement Wednesday urging the government to implement both a real estate flipping and speculators tax in next month's provincial budget. Weaver outlined his party's wish list for improving housing affordability in the province at a news
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Jimmy Burnsed retires after 60 years of banking

Friends and colleagues gathered at South State Bank in Richmond Hill Tuesday night to celebrate Jimmy Burnsed's retirement. Burnsed is retiring after 60 years. In addition to building the South State Bank, he was also a key figure in the development of Bryan County as the chairman of the Board of
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Kganyago wins banking award for firm stance on SARB's independence

Kganyago wins banking award for firm stance on SARB's independence

“Kganyago has defended and enhanced the SARB's (South African Reserve Bank's) reputation as an independent and well-governed institution against all threats – despite a turbulent political and economic backdrop,” Central Banking said in its announcement. “The honour of this award doesn't belong
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Elon Musk Is Fresh Out of Flamethrowers

Elon Musk's Boring Company has sold all of its $500 flamethrowers, a mere week after the entrepreneur launched his latest stunt. It was a good stunt, too, even if it started as a joke. The Boring flamethrower even managed to annoy a California lawmaker, who wanted to ban it because—well—it might
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India Turns Against Bitcoin But Embraces Blockchain

India's government said it doesn't consider cryptocurrencies as legal tender and will take all measures to eliminate payments using them. “The government does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate
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Remote Mortgage Processor 2 at Firstsource

WORK FROM HOME. MUST RESIDE IN THE STATE OF MISSOURI> NMLS Licensed Preferred POSITION PURPOSE: Process first mortgages within required timeframe.
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Palm Beach County's average home seller profit hits post-crash high of $66100

Palm Beach County sellers haven't collected such handsome returns since 2007, just before the housing bubble popped. Seller profits peaked in the fourth quarter of 2005, when the typical gain was $129,100, according to ATTOM Data Solutions. In those days of quick profits, the typical Palm Beach
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Black Knight's LoanSphere MSP automates all areas of loan servicing

Black Knight is a leading provider of integrated software, data and analytics to the mortgage and consumer loan, real estate and capital markets verticals. For mortgage servicers, the company provides proven, reliable and comprehensive solutions that support all aspects of servicing and default – from
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UK house price RISE in January: 'Contagious positivity' sparked by supply shortage

Top 10 commuter towns to London – TotallyMoney.com have ranked the best commuter towns, taking house prices, cost of commute, commute time and overall life satisfaction into consideration.
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Argentina securities lending programme in final straight

Argentina's securities lending programme is expected to get the green light from the local National Securities Commission this week, according to Alejandro Berney of Caja de Valores. The Argentinian exchange, Bolsas y Mercados Argentinos's, regulation on securities lending and short selling is
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Canada's Freeland Says She's Optimistic on Nafta Talks

Freeland, speaking Wednesday with Bloomberg's Michael McKee in a television interview in New York, said it's possible the three nations can come away with a “win-win-win” result on a revamped North American Free Trade Agreement, even as she acknowledged gaps remain on some issues.
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FM raises MUDRA lending target to Rs 4 lakh cr for FY'19

New Delhi, Feb 1 (PTI) Finance Minister Arun Jaitley today enhanced the lending target under the MUDRA Yojana, which funds the self-employed, to Rs … “It is proposed to set a target of Rs 3 lakh crore for lending under MUDRA for 2018-19 after having successfully exceeded the targets in all previous
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Fortune 500 Staff Spill 2.7 Million Log-Ins to Dark Web

Researchers have discovered a massive 2.7 million stolen online account log-ins from Fortune 500 employees on the dark web, representing a major security risk to the companies involved, according to VeriClouds. The credential monitoring firm analyzed a database of eight billion stolen online
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AT&T Is the Latest Company To Report a Tax Reform Windfall

AT&T Inc reported quarterly profit that beat analysts' estimates on Wednesday, helped by tax cuts and new wireless subscribers, and its chief executive voiced confidence the company will complete its $85.4 billion acquisition of Time Warner Inc. The U.S. Department of Justice sued to block the deal last
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Twitter Doubles Its Estimates, Saying 1.4 Million Users Interacted With Russian Propaganda

Twitter said it has notified 1.4 million people in the U.S. that they interacted with Kremlin-linked accounts spreading propaganda during the 2016 presidential election — more than double the number of users the site initially notified last week. “We have expanded the number of people notified about
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EIB lending to Serbian units of SocGen, Erste, Intesa to back SMEs

BELGRADE (Serbia), February 1 (SeeNews) – The European Investment Bank (EIB) has agreed to extend financing to the Serbian units of Societe Generale, Erste Group and Intesa Sanpaolo to provide support to small and medium-sized enterprises, EIB vice-president Dario Scannapieco said.
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Robust real estate market still steaming

“Two-thousand-per-square-foot sales happen regularly in Aspen now,” according to Andrew Ernemann, broker associate for Aspen/Snowmass Sotheby's International and one of the featured speakers in the annual real estate review that was hosted Wednesday by the Aspen Business Luncheon.
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USDUSDT Lending

Are there retailers that accept it yet? The world is about to witness a lending revolution first hand thanks to you!! Even more shouts to anyone who slept on the invite link I posted last Be sure to secure profits using USD/USDT during these times leading to 8/1 to stay correct and not REKT.
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3 Reasons To Buy Visa Stock

Visa stock has seen call buying more than double put buying over the past two weeks at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). Digging deeper, the March 125 call is home to peak front-month open interest during this
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Government's £10 million roads grant for Rushcliffe housing development

Up to 200,000 new homes are set to get off the ground as government confirms £866 million investment in local housing projects today (1 February 2018). This grant includes road plans for the Fairham Pastures development south of Clifton.
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Can Bob Corker Pass Housing Reform?

Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) are two companies in a government-run conservatorship where all their profits in excess of a capital buffer go to the government since 2008. Because the government's equity stake is Senior Preferred and the government also has warrants
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Sydney, Melbourne property prices slip again in January as lending rules bite

Home prices across Australia's major cities fell further in January as weakness spread out from the Sydney market in the face of tighter rules on investment lending – a relief to regulators but a potential drag on consumer spending power. Property consultant CoreLogic said on Thursday its index of home
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Fox Doubts Whether UK Will Agree to Brexit Transition Phase

Fox Doubts Whether UK Will Agree to Brexit Transition Phase

Britain's international trade secretary has cast doubt on whether the U.K. will agree to a transition phase to help smooth the Brexit process for businesses. Speaking in China, Liam Fox told Sky News that free trade deals with countries outside the European Union would still be some time away “if” there is
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Investors Title (ITIC) & The Competition Head-To-Head Review

Investors Title (NASDAQ: ITIC) is one of 86 public companies in the “Property & Casualty Insurance” industry, but how does it contrast to its rivals? We will compare Investors Title to similar businesses based on the strength of its earnings, analyst recommendations, valuation, risk, dividends, profitability
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Streetwise newsletter: More on the Thomson Reuters-Blackstone deal; mortgage broker licenses

Mortgage industry: An Ontario regulator has revoked the mortgage broker licences of five companies and individuals associated with the Tier 1 group of companies after an investigation into syndicated mortgage investment pools they were promoting to investors. Story (Janet McFarland). A Canadian
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Chinese housing market to stabilize in 2018

At a real estate summit meeting held by China Times and Sina in Beijing, some industry insiders expressed positive feelings toward the market. After the housing market experienced a fast growing period, with high prices and high sales volume, it has entered into a sideways consolidation period now,
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The Big one and housing market

Why is there so much demand for housing in Bay area when there is a high probability for a big earthquake in near future? Are the houses there built to take the impact of a big one like a 7+ magnitude?Is the earthquake insurance a must have for home …
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CHRIS WILLE: A staggering amount of data, analytics in real estate world

The legion of data sources covering the real estate market regularly publish reams of sometimes overlapping trend reports, sales figures, economic analytics, commercial forecasts — all crammed with statistics delineated in pie charts, bar graphs and comparison indexes. These dense reports come fast
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See the new trends in single-family

Commercial real estate does sometimes include the single-family sector, too. For that reason, some may care to attend the annual Seattle Home Show. The event runs from Saturday, Feb. 17, through Sunday, Feb. 25 at the CenturyLink Field Event Center. On display will be tiny houses and other new
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IKEA founder Ingvar Kamprad's family won't inherit much of his staggering fortune

IKEA founder Ingvar Kamprad's family won't inherit much of his staggering fortune. INGVAR Kamprad was one of the richest men on the planet. But his heirs will only get a fraction of his billions. Staff writers. news.com.auFebruary 1, 20186:19pm. Video; Image
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Corporate lending climbs, retail lending falls in December

Non-financial companies borrowed a net HUF 55 bln during the month, including almost HUF 39 bln in foreign currency, but revaluations resulting from exchange rates changes halved the increase in the overall corporate lending stock, show data released by the National Bank of Hungary (MNB) on
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MAS Regulated Peer to Peer Lender Crowd Genie Announces Initial Coin Offering

Crowd Genie Financial Services Pte Ltd, regulated by the Monetary Authority of Singapore (MAS), has announced an initial coin offering (ICO) via their related entity CGSPV Pte. Ltd. The peer to peer lender states that it intends on issuing 60 million Crowd Genie Coins, or CGCoins, for a soft cap of USD
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Market Leader – Houston at Movement Mortgage

Ready to disrupt the mortgage industry with us as a Market Leader ? Then we think it's time to #joinMovement What You Need To Know Develops and maint.
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UK house prices 'surprisingly' strong despite weak market

A shortage of suitable properties helped house price growth remain surprisingly robust at the start of the year, according to Nationwide's monthly survey, but the country's second-largest mortgage lender warned that wider activity in the market remains “subdued”. Nationwide's house price index showed
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Robert Mino

Understanding your mortgage options can make all the difference when you're looking for a loan that you can comfortably afford. I'm Robert, based in Boston, and I'm passionate about building relationships with my clients. As your Financial Center Lending Consultant, I can offer educational resources,
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OPINION: African Bank, Steinhoff tumbled on unsecured lending. Who is next?

However, dig a little deeper into NCR's aggregate data by separating the relatively healthy debt of the so-called wealthy, in areas such as mortgages from the distressed credit situation in unsecured lending where the poor majority battle, and an entirely different and alarming picture emerges.
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Bank of Tokyo-Mitsubishi Accused of Unlawful Regulator Swap

New York isn't going to let Bank of Tokyo-Mitsubishi UFJ Ltd. slip out of its regulatory oversight without fighting back. The state's banking regulator, Maria Vullo, said in a legal filing late Wednesday that the Tokyo lender's request last year to shift regulators — trading its state license for a federal one — was
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NIC Earns 16 Cents Per Share in Fourth Quarter 2017 on Total Revenues of $83.5 Million …

Recently, the state of Maryland extended its contract with the Company ahead of schedule with a one-year renewal taking the contract through August 2019. In addition, the Company signed a new contract with Liens NC, LLC, a coalition of title insurance underwriters in North Carolina, to continue
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REAL ESTATE TRANSACTIONS: January 22 – 26, 2018

REAL ESTATE TRANSACTIONS: January 22 – 26, 2018 … 25, Christina C. Napier and Alex G. Clarke, Co-Personal Representatives of the estate of Langdon P. Clarke, sold 4 Llewellyn Way to Justin and … Jan. 24, Neil A. and Deborah A. Withers sold 645 State Rd. to Adam and Lisa Gross for $787,500.
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3 Big Takeaways From Microsoft's Latest Earnings

Microsoft's latest quarterly sales results beat Wall Street's expectations, but they didn't exactly excite investors. The company's shares were relatively flat in after-hours trading on Wednesday at $95.13. On one hand, Microsoft said its fiscal second quarter grew 12% to $28.92 billion, beating analyst's
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Trump Call to Limit Civil Service Protection Riles Democrats

Democrats and union leaders expressed alarm after President Donald Trump asked Congress in his State of the Union speech to make it easier for him to fire federal workers, a proposal that would undermine longstanding protections for U.S. civil servants. J. David Cox, president of the American
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PayPal Forecast Falls Short of Estimates

PayPal Holdings Inc. issued a forecast that didn't meet Wall Street's expectations, signaling struggles ahead as it looks to compete with banks and startups in the online payments market. For this year's earnings, the San Jose, California-based company projected net revenue will rise to between $15
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