Rising prices make 770000 people home millionaires

Rising prices make 770000 people home millionaires

Despite a slowing property market, Zoopla found 768,553 homes that it calculates are worth at least £1 million. This makes up 2.7 per cent of the nation's housing stock. More than 430,000 of the properties are in London, with Grosvenor Crescent, Belgravia, the most expensive street in Britain.
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Market experts are starting to see parallels to the financial crisis

This time around, rather than mortgage-backed securities and collateralized debt obligations tied to the housing market, the culprit appears to be volatility trading instruments in stocks. And the volatility-linked instruments are leading the charge downward. The fire sale in stocks, including Thursday's
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Revealed! What are the top priorities for Indian youths when it comes to choosing jobs

The report concludes by observing the emerging trends that can be witnessed in the various real estate segments and the increasing influence of millennials has been driving real estate trends in particular across the Asia Pacific region and it is imperative for developers to gain a thorough understanding
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'New money' growth points to confidence in banking sector

“New money” in banks – deposits to which the capital controls do not apply – are close to 30 billion euros, according to banking sources. In just one year the amount has doubled, as in early 2017 it stood at some 15 billion euros. The term “new money” concerns all kinds of new deposits: funds returning
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Second charge growth tails off

“The sector has shown resilience during a period of significant regulatory change, as it works to ensure that all the new regulatory requirements are in place. “Consumers use second charge mortgages for a variety of purposes, particularly funding home improvements and property extensions.”
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Blockchain Technology Enhancing Security in the Banking Sector

Blockchain is one of the most discussed forms of technology. The most popular cryptocurrency Bitcoins, which has been built on the concept of Blockchain technology, has its value increased almost every other day. Blockchain has revolutionized the way it is addressing the issues that are related with
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GLEIF and SWIFT launch open source BIC-to-LEI relationship file

The Global Legal Entity Identifier Foundation (GLEIF) has published the first monthly relationship file that matches a business identifier code (BIC) assigned to an organisation against its legal entity identifier (LEI). With the launch of the open source file, GLEIF and SWIFT have pioneered a cooperation
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Advenir Acquires Nearly $100M South FL Community

Berkadia secured a three-year, variable-rate financing package of $80 million from Freddie Mac for the acquisition and future capital improvements. The new owner has dubbed the property as Advenir at PGA and plans to begin significant renovation work on the buildings, initially constructed in 1974
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Here's Why Amazon Wants to Start Its Own Delivery Service

Amazon looks to be gearing up for another fight. The Wall Street Journal reports the company is preparing a delivery service for businesses, which would compete directly with UPS, FedEx and (less directly) with the U.S. Postal Service. “Shipping with Amazon,” as the service is called, will pick up
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Top ANC Officials Cancel Events as Zuma Exit Talks Intensify

Top South African ruling party officials pulled out of events to commemorate the centenary of the birth of national icon Nelson Mandela on Friday morning, amid intense negotiations over President Jacob Zuma's exit from office. The African National Congress's leadership is trying to wrap up a deal for
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Investors Title Company (ITIC) Is At $189.01 Formed Wedge; GSV Capital Corp. (GSVC) Had 1 …

Investors Title Company (ITIC) formed wedge up with $200.35 target or 6.00% above today's $189.01 share price. Investors Title Company (ITIC) has $356.67 million valuation. It closed at $189.01 lastly. It is down 101.17% since February 9, 2017 and is uptrending. It has outperformed by 84.47% the
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Mortgage rates today, February 9, plus lock recommendations

Mortgage rates today got a nasty kick late yesterday from a poorly-received Treasury auction, and the bond and mortgage-backed securities (MBS) markets are still feeling the bruise. Not good. This morning, we also (finally!) received an actual economic report in the form of the Weekly Unemployment
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Appeninn continues real estate acquisitions

Appeninn will buy the 18 properties from Erste Real Estate Fund and Erste Euro Real Estate Fund for EUR 14.5 million. The properties are located outside of the capital and are leased by supermarket chain Spar, according to MTI. The properties will generate an annual yield of 12.73%, Appeninn said.
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UWM Lowers FICO Requirements on Government Loans

United Wholesale Mortgage (UWM) has announced that it has lowered its minimum FICO requirement from 680 to 640 on FHA and VA Elite loans, in addition to lowering the minimum loan amounts for Elite loans from $175,000 to $125,000 with no LTV cap. UWM also announced that it has lowered its
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Mercer International (MERC) Upgraded to Buy by ValuEngine

Mercer International logo Mercer International (NASDAQ:MERC) (TSE:MRI.U) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Friday, February 2nd. Several other equities research analysts have also commented on MERC. BidaskClub raised
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Dubai Islamic Bank to begin branchless banking by June

“We are hoping to launch our branchless banking platform in June,” Dubai Islamic Bank Pakistan Chief Executive Officer Junaid Ahmed said after signing an agreement with Chinese technology company, Zing Digital Commerce (technology partner of Shanghai F-Road, China), which is deploying the
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Fortune again names Crowe Horwath a best workplace for giving back

Carey is a senior manager in tax services at Crowe Horwath LLP, one of the largest public accounting, consulting and technology firms in the U.S., and it's because of many people like him that Crowe was named one of Fortune's Best Workplaces for Giving Back. The list is based on feedback from more
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Who Owns Trilogy International Limited (NZE:TIL)?

Institutions account for 42.59% of TIL's outstanding shares, a significant enough holding to move stock prices if they start buying and selling in large quantities, especially when there are relatively small amounts of shares available on the market to trade. Although TIL has a high institutional ownership,
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See the Breathtaking Way Drones Are Being Featured at the 2018 PyeongChang Olympics

More than 1,200 drones were on display at the opening ceremonies of the 2018 Winter Olympics in PyeongChang, South Korea—and they delivered an outstanding performance. Greg Hogben, author of the book My Daughter's Army, on Friday published video of the drones in concert. The video kicks
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Is Buying Dragon Victory International Limited (NASDAQ:LYL) Here Good Idea?

The stock of Dragon Victory International Limited (NASDAQ:LYL) registered an increase of 252.63% in short interest. LYL's total short interest was 13,400 shares in February as published by FINRA. Its up 252.63% from 3,800 shares, reported previously. With 27,600 shares average volume, it will take
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30-year mortgage rate jumps to highest mark in over a year

30-year mortgage rate jumps to highest mark in over a year

WASHINGTON >> Long-term U.S. mortgage rates climbed for the fifth straight week amid investors' growing concern about inflation. Mortgage giant Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages shot up to 4.32 percent this week, up from 4.22 percent last week and the
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RI Real Estate Notes: Ocean House condo sells for $3.125M

Petra Laurie of Island Realty represented the buyer, and Ben Thomas of Lila Delman Real Estate International represented the sellers. The property includes 3 acres surrounded by stone walls with panoramic views of the East Passage of Narragansett Bay. The property includes the four-bedroom house
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Overnight fire guts downtown buildings in Vinton

The fire started Thursday night in the Michael and Dowd furniture store and spread to Clingman Pharmacy, Fischer Law Firm and the Benton County Title Company. The fire burned through much of the night, with firefighters battling the blaze while temperatures hovered in the teens and heavy snow fell.
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Quicken Loans partners with Airbnb for new financing option

Airbnb hosts will be able to use rental income from their primary residence to refinance mortgages with Quicken Loans thanks to a new partnership of the tech-driven firms. The new partnership will enable rental hosts to access their home equity through increased debt to income calculations. Their Proof
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UPDATE: Furniture store still burning in Vinton

UPDATE: Vinton Fire Department tells us the fire at Michael & Dowd Furniture is still burning. Smoke and water damage is now effecting neighboring businesses. Smoke is still coming out of the furniture store. The city is working to restore power to businesses next to Michael & Dowd. Traffic lights in
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6 of the Best Deals for National Pizza Day 2018

Pizza lovers are going to be really happy on Friday, Feb. 9 — it's National Pizza Day, an occasion to celebrate by grabbing a slice or eating an entire pie. National Pizza Day is one among several unofficial “food holidays,” but, any excuse to eat pizza is appealing. Several restaurants have special deals.
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Mettler-Toledo International (MTD) Rating Increased to Buy at Citigroup

Mettler-Toledo International logo Mettler-Toledo International (NYSE:MTD) was upgraded by Citigroup from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday. MTD has been the subject of a number of other reports. Jefferies Group restated a “hold” rating and issued a
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Are YOU a property millionaire? Booming housing market creates 768553 new millionaires

The surge in prices over the last year has seen a rise of 22.95 per cent – or 143,476 – more owners of homes worth at least £1m since August 2016 when the data was last analysed. That means 2.7 per cent of the country's housing stock is now valued at £1m-plus, according to the property website
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How TheRedPin aims to take a swipe at the real estate industry

That's the premise of Keith McSpurren's re-boot of web-based real estate brokerage TheRedPin. He wants to harness technology to transform the traditional real estate industry. Machine learning and software won't replace agents, but they will standardize and streamline the property search and they will
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Crocodile Dundee's wise words for the world of real estate

So in the spirit of celebrating a legend, and hoping he will return (there's an online petition going around), let's twist some of Mick Dundee's famous quotes into real estate lessons, just like he twisted his knife into the noggin of a killer croc. The dummy promotional shot for a new Crocodile Dundee movie.
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COMMENT: Open banking a big challenge and opportunity, says Pinsent Masons

The Open Banking agenda is being driven by regulation: the revised Payment Services Directive (PSD2) and the UK's Competition and Markets Authority's retail banking review are both mandating the opening up use of bank data and the creation of common standards for the sharing of data.
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Mortgage brokers Finance 365 looking to score plenty of goals in 2018

MORTGAGE brokers Finance 365 is gearing up for an “aggressive” 2018 after notching its second-straight national top 25 brokerages ranking this month. The business, which has branches in Bayswater and Wangara, secured 23rd spot in Australian mortgage and finance publication The Advisors' list,
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L'Oréal ready to buy shareholder Nestlé's stake in the firm: CEO

L'Oreal said it could finance a purchase of the holding, now worth around €22.3-billion ($27.4-billion), with cash, by selling its stake in French drugmaker group Sanofi or through borrowing if needed. “If Nestle one day wants to sell, we are ready,” Chairman and Chief Executive Jean-Paul Agon told a
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Greenville housing forecast suggests no relief for buyers

This year promises to continue being a seller's market for homeowners in the Greenville area. Research economist Joey Von Nessen presented a 2018 housing forecast Thursday to the Home Builders Association of Greenville, and all indications — declining unemployment, persistently low mortgage
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No Time For Complacency For US Banks – Aggressive Technology Use Can Create Real …

Do U.S. retail and commercial bankers destroy shareholder value every day when they stray from pure maturity transformation? That's the conclusion of a recent academic paper co-authored by Juliane Begenau from Stanford and Erik Stafford from Harvard Business School. The analysis in the paper is
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Fed Economists Say Bitcoin Can't Compete in World of Trust

Bitcoin and other cryptocurrencies solve the problem of making payments in an environment where trust is broken — but it's unclear whether that's a dilemma that needs to be solved, Federal Reserve of New York economists wrote in a blog post. Consumers trust institutions and the value of their
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ESMA aims to increase transparency of securities lending trades in 2018

The European Securities Markets Authority (ESMA) aims to implement its new direct supervisory mandate this year, in line with the Securities Financing Transactions Regulation (SFTR), to increase the transparency of securities lending, among other securities financing transactions. In its 2017 Annual
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Robert Half International (RHI) Price Target Raised to $58.00

Robert Half International (NYSE:RHI) had its target price hoisted by equities research analysts at SunTrust Banks to $58.00 in a research note … Robert W. Baird restated a “buy” rating and set a $67.00 target price on shares of Robert Half International in a research report on Wednesday, January 31st.
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Gary agent Stephen Ploof reps Sydell Miller in huge Bristol buy

Agent Stephen Ploof of Linda A. Gary Real Estate is representing Miller in her buy of the two condos, sources confirmed to the Daily News. The units were listed for sale separately by Douglas Elliman Real Estate for a combined $44.13 million. Ploof and broker Linda Gary aren't commenting on the deal,
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Indian demand for South African coal rises: sources

“Usually [Indian buyers] bought 4,800 kcal/kg NAR and 5,500 kcal/kg NAR coals, but now they are also buying 5,700 kcal/kg NAR,” a Europe-based trader of … can be more profitable and stay ahead of the competition by getting the full story and the latest prices from Platts Coal Trader International.
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Pain Pill Giant Purdue to Stop Promotion of Opioids to Doctors

Pain Pill Giant Purdue to Stop Promotion of Opioids to Doctors

Pain-pill giant Purdue Pharma LP will stop promoting its opioid drugs to doctors, a retreat after years of criticism that the company's aggressive sales efforts helped lay the foundation of the U.S. addiction crisis. The company told employees this week that it would cut its sales force by more than half,
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Jury told David Drumm was 'man who called the shots' as banking trial begins

Jury told David Drumm was 'man who called the shots' as banking trial begins … A jury at Dublin Circuit Criminal Court was today told that Mr Drumm, the former chief executive of Anglo Irish Bank, allegedly authorised deals which lead to the falsification of the bank's balance sheet. Mr Drumm (51), with
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With lending up and wait times down, Vibrant CU expands video banking

A video-banking platform launched in Nov. 2016 has since been rolled out to all 15 branches of Moline, Ill.-based Vibrant Credit Union, following strong satisfaction results, increased lending and shorter wait times for members. The system, which enables members to speak to the credit union's personal
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Banking and Fintech in 2018 – Disruption and technological evolution

“I expect more bank branches to be closed and more fintech opportunities to be created. I also expect that more fintech M&A deals will happen especially where banks buy growing companies” says Wael Salem, as he examines how the non-bank world has disrupted FinTech in every area from payment
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Scott administration lending support to Lake Champlain transmission cable

MONTPELIER, Vt. (WCAX) The Scott administration is lending its support to a major project to bring renewable electricity from Canada under Lake Champlain to southern New England. In a letter to Massachusetts regulators, Vermont officials says in the wake of the Northern Pass project's inability to get
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Earnings Visibility Make Lending Club (LC) a Sell at recent price of $3.7

Portfolio Grader currently ranks Lending Club Corp (NYSE:LC) a Sell. The methodology for investing incorporated in this analytical tool researches and ranks nearly 5,000 stocks each week from a fundamental and quantitative perspective. The current Portfolio Grader recommendation on the shares has
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A look back at Columbia's real estate market

New home construction has increased over the same time frame from $233 thousand to $274 thousand, an increase of $41 thousand or 18%. Average days on the market stayed fairly stable at 71 versus 70 last year. The housing market in Columbia is bifurcated. The bulk of the building, sales and
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Trump Says Aide Accused of Violence 'Did a Very Good Job' in White House

Porter resigned after the two ex-wives said in interviews with the DailyMail.com and The Intercept this week that he emotionally and physically abused them. After The Intercept published a photo of one ex-wife, Colbie Holderness, with a black eye she said Porter had inflicted, Thursday became Porter's
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Chief Who Built Gazprom's Trading Empire Leaves Company

The executive who spent more than a decade turning a Gazprom PJSC unit into a global energy trader has left the company. Vitaly Vasiliev, the chief executive officer of Gazprom's trading arm in London, left as part of a restructuring drive, a person with direct knowledge of the matter said, asking not to
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Expert discovers two cars in garage under abandoned house – you won't BELIEVE their value

Expert discovers two cars in garage under abandoned house – you won't BELIEVE their value. A CAR expert couldn't believe his eyes when he stumbled across two supercars in an abandoned garage – worth an absolute fortune.
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Geoff Palmer secures $234M refi on DTLA apartment portfolio

Freddie Mac provided the 10-year fixed-rate loan, according to Real Capital Analytics. Freddie provided $156 million for the Medici and $78 million for the Orsini. It provided the previous loan, as well. Palmer also owns the Skyline Terrace Apartments, Pasadena Park Place, River Ranch Townhomes in
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The property market will continue to grow this year with plenty of opportunities in all price brackets

He said employment creation was key for market growth and with approvals for various new infrastructure opportunities across the city, this could have an impact on housing prices. He also tipped the luxury market to perform well, and become more attractive to interstate buyers. “We expect to see that
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Considering buying a home with a friend or partner?

When purchasing with a friend or partner, co-owners should have this discussion before settlement and let the title company handling the transaction know how they would like to hold title to the property so that in the event one of you passes your wishes for the property are carried out. To that end, there
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AGNC Investment (NASDAQ:AGNC) Issues Earnings Results, Beats Expectations By $0.02 EPS

AGNC Investment logo AGNC Investment (NASDAQ:AGNC) issued its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $0.63 EPS for the quarter, topping the Zacks' consensus estimate of $0.61 by $0.02, Bloomberg Earnings reports. The company had
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Can I put my mortgage in my RRSP and other burning questions as the deadline looms

There are just three weeks left of “RRSP season,” meaning that if you want to be eligible to claim a deduction on your 2017 tax return, you need to make your contribution by the March 1, 2018 midnight deadline. To give you that extra motivation to contribute, here's a few lesser-known tips and tricks that
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Old Economy Pains Shackle Canada's Trudeau in Silicon Valley

Salesforce.com's chairman and chief executive officer Marc Benioff hosted Trudeau for a round-table discussion with corporate leaders on the importance of diversity and equality, held at Salesforce's headquarters, in San Francisco's tallest building. The company announced a $2 billion investment in
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CEE banking: Looking on the bright side

The exception is Ukraine, where bad debts will likely continue to bedevil a banking sector waiting for legislative change and improvements to the judicial system. After three years of extensive provisioning, however, even CEE's most-challenging market is once again delivering healthy profits to those
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Xinyuan Real Estate's (XIN) CEO Lizhou Zhang on Q4 2017 Results – Earnings Call Transcript

Xinyuan Real Estate Co., Ltd. (NYSE:XIN) Q4 2017 Results Earnings Conference Call February 9, 2018 8:00 AM ET. Executives. Bill Zima – IR, ICR … Good day, everyone, and welcome to the Xinyuan Real Estate Co., Ltd. Fourth Quarter 2017 Earnings Conference Call. Please note that today's call is
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STATE OF INDIANA IN THE WELLS CIRCUIT COURT: First Cleveland Mortgage

STATE OF INDIANA. IN THE WELLS CIRCUIT COURT. SS: COUNTY OF WELLS. Deutsche Bank National Trust Company, as Trustee for Novastar Mortgage Funding Trust, Series 2007-1 Novastar Home Equity Loan Asset-Backed Certificates, Series 2007-1. Plaintiff,. vs. First Cleveland Mortgage.
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Got Mortgage Insurance? You Have Options

The good news is that if you have to have mortgage insurance on a conventional loan through Fannie Mae or Freddie Mac, you have some options available to you. With a lender-paid mortgage insurance (LPMI) option like PMI Advantage, you can even avoid a monthly mortgage insurance payment.
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Millennials keep refinancing, flock to Wyoming

Millennials keep refinancing, flock to Wyoming

“Many may have been driven by a desire to take advantage of low interest rates given uncertainty about potential rate hikes in the new year.” Refinances on conventional loans were highest. About 19 percent of all closed conventional loans in December were refis. FHA refinance loans came in at 6
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Goldman (GS) to Expand Online Lending Platform's Offerings

The bank plans to fuse the personal finance services that the startup offers with its digital consumer lending platform — Marcus by Goldman Sachs. People familiar with the matter disclosed that no deal had been finalized so far. Also, there are possibilities of the deal coming to nothing. This uncertainty is
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Americans Are Obsessed With Finding the Best Car Pet Accessories

Americans are obsessed with outfitting their cars for their pets, Germans seem fixated with digital radio, and the Japanese want to the bring the comforts of their living rooms into their vehicles, according to Google's 2018 Auto Trends Report that was released Friday. Google pulled top-volume queries
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Canapi Inc. Launches to Accelerate Digital Banking Transformation

“Canapi invests in companies that supply banks and credit unions with innovative technology to compete in today's fast-paced market,” says Canapi Managing Director Neil Underwood. “Our leadership and partners believe open APIs will revolutionize how banks deliver their services. By integrating
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Wells rocked, crypto regulation and POS lending: Top stories of the week

Fallout from the Fed's blow to Wells Fargo; a call for calm in the rush to regulate cryptocurrencies; point-of-sale lending has its day; and more. next. print. Comments. Login or Subscribe. Get AB in your inbox. Newsletter/Frequency. Daily Briefing, Intraday News Update, BankThink, Technology Daily
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The HACK that could break bitcoin – '51% attack' concerns mainstream 'banking bunnies'

“A 51 percent attack is just another scale on the cobra's head for the banking bunnies. “Blockchains for coins sometimes have tens of thousands of people mining a coin. “It's a possibility, just as it's a possibility that Earth could be hit by an asteroid that destroys civilization, but it's a very remote chance.”
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Toyota named "World's Most Admired Company" by Fortune

As if Toyota didn't already have enough bragging rights, the company was recently named “World's Most Admired Company” by Fortune. The list is compiled each year to rate companies throughout the corporate world, and is composed based on company surveys and ratings from peer analysts,
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Do good, and curb the evils of predatory banking, payday loans | Opinion

The Consumer Financial Protection Bureau says it will reconsider rules that would make it harder for people to get caught in endless cycles of debt from payday and car title lenders. (Jan. 19, 2018) (Sign up for our free video newsletter here http://bit.ly/2n6VKPR). Thomas Wenski. Privacy Policy. Recently
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Ten years after the Great Recession, how is Salinas doing?

The Great Recession of 2008 lowered single-family home prices, increased the unemployment rate and created delays in development projects within Monterey County. Ten years later, home prices have bounced up, jobs are back, projects are rolling again, and more people are living in the area.
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Silicon Valley real estate firm passes on high prices for better deal in Cary

A Silicon Valley real estate investment firm with a history of investing in pricey tech markets has entered the Triangle for the first time with the $69.5 million purchase of a Cary office park. Christopher Chang and Max Sanford of Menlo Equities say their company has closed on a deal to purchase the
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Veteran receives mortgage-free home

KISSIMMEE, Fla. (WOFL FOX 35) – Building Homes for Heroes and JP Morgan Chase & Co. have gifted a U.S. Army, captain his wife and their two children with a mortgage-free home in Kissimmee, to honor the great sacrifices they have made for our country. Serving nearly two decades in the military,
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Ellington Residential Mortgage's (EARN) CEO Larry Penn on Q4 2017 Results – Earnings Call …

Good morning, ladies and gentlemen. Thank you for standing by. Welcome to the Ellington Residential Mortgage REIT 2017 Fourth Quarter Financial Results Conference Call. Today's call is being recorded. At this time all participants have been placed on a listen-only mode and the floor will be opened
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What does your lips mark say? A lipstick reader told our fortunes

You've probably heard of fortune tellers divining secrets using tea leaves, palms and tarot cards, but what if the key to understanding those secrets was sitting in your makeup bag? That's where Beth Bongar, a fortune teller who specializes in lipstick readings, finds her answers. You read that right, a tube
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Apple TV App Gets Live News Broadcasts from CNN, Fox News, and CNBC

People can use the TV app to watch live news from outlets like CBS News, CNN, Fox News, CNBC, and Bloomberg on iPhones, iPads and the Apple TV streaming device. Tech publication 9to5Mac spotted the update late Thursday, and noted that people must install the latest versions of iOS and tvOS
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Lack of specialist lending advisors cripples entrepreneurial growth

The lending needs of established and growing entrepreneurs can be hugely complex. In many instances they will need to leverage their personal assets in order to access funding. This increases the importance of dealing with a lending partner which has access to extensive lending networks and who
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Quicken Loans Teams Up with Airbnb to Provide New Home Financing Options

On Thursday, mortgage giant Quicken Loans announced it has formed a partnership with Airbnb to provide new home financing options by enabling the property rental company's hosts to use rental income on a primary residence to refinance their mortgages. Jay Farner, Quicken Loans CEO, stated;.
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Cardlytics, a native banking advertising channel, prices IPO at $13 low end

Cardlytics, which provides a banking-based advertising channel to consumer products marketers, raised $70 million by offering 5.4 million shares at $13, the low end of the range of $13 to $15. Cardlytics plans to list on the Nasdaq under the symbol CDLX. BofA Merrill Lynch, J.P. Morgan, Wells Fargo
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Quicken Loans to Enable Airbnb Rental Income for Refinancing

Quicken Loans has entered into a partnership with Airbnb that will enable the property rental company's hosts to use their rental income on a primary residence to refinance their mortgages through the Detroit-based lender. According to the companies, using this additional revenue in debt-to-income
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New York State First-Time Home Buyer Programs of 2018

The Achieving the Dream program is offered to lower-income, first-time home buyer applicants. Borrowers will receive reduced interest rates and a lower down payment requirement on a 30-year loan. The mortgage can finance the purchase and renovation of a one- or two-unit home, and there are also
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Cryptocurrency Ads Find Ways Around Facebook's Ban

“BlTC0lN” with L and Zeros. pic.twitter.com/Tt9a4r4sYP. — Matthieu Suiche (@msuiche) February 3, 2018. Facebook Inc. banned ads tied to cryptocurrencies, initial coin offerings and binary options last month, saying they were associated with misleading and deceptive practices. The company has been
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Quirks of banking and payment systems

Quirks of banking and payment systems

We have some of the strangest banking and payment system strictures in the world. I bet you have had a cheque returned at least once in your life because they say the name did not match the beneficiary account, but you could not find anything wrong despite checking the name over and over again to
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San Francisco mortgage fintech Lenda expects growth spurt in 2018

The company relies on technology to cut the cost of getting a mortgage. One of the roles Lenda removes from the loan process is that of mortgage brokers. Customers have to come to Lenda directly. Lenda evaluates the borrower's creditworthiness and processes loans online. Lenda also doesn't have
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Larry Weltman suggests creativity for GTA realtors in new mortgage environment

But, Larry Weltman notes that both buyers and realtors need to be creative in an environment like this, adding that using an alternative lender at first, then refinancing through a traditional bank mortgage may be advantageous to buyers. “Let's look at a GTA home that a year ago was selling for $1.4million
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How much is a real estate agent worth? New firms dangle lower fees in a hot market

Upstart real estate brokerage Purplebricks entered the British market several years ago and disrupted it by offering flat-rate fees to home sellers and rebates to buyers. It quickly became the dominant online marketer of residential properties there. Purplebricks landed on U.S. shores last year with similar
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Old Point Mortgage names loan originator

Old Point Mortgage names loan originator. Privacy Policy. Christy Hunt was named mortgage loan originator at Old Point Mortgage. Hunt brings more than 11 years of lending and banking experience, according to a news release. She is a member of the Urban League of South Hampton Roads Guild,
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Mortgage Operation Processor

21 Mortgage Operation Processor jobs hiring near you. Browse Mortgage Operation Processor jobs and apply online. Search Mortgage Operation Processor to find your next Mortgage Operation Processor job near you.
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Brexit Risks Increase – London Property Market and Pound Vulnerable

Brexit risks have increased in recent days. A Reuters poll published on 8th February shows the pound is expected to fall this year as uncertainty around Brexit grows. Meanwhile London property prices continue to fall. The median view of more than 60 foreign exchange specialists asked by Reuters,
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Family says insurance plan cost more than their mortgage

“It was $740 a month,” Byers said. “That was actually more than our mortgage.” Byers told FOX59 that a customer service representative told her they had 60 days to cancel, so they started the process, but hit road blocks. By August, the company had denied their appeal and said, “this decision is final.”.
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Philip Morris International Inc. (PM) Holdings Raised by First American Trust FSB

First American Trust FSB boosted its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 15.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,736 shares of the company's stock after purchasing an
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Local artists Ravyn Lenae and Knox Fortune to perform at A&O's Chicago Benefit

She's toured with SZA and Chicago Benefit alumna Noname. He's worked with Chance the Rapper and Ball surprise guest Joey Purp. If you don't already, you're going to want to know Chicago artists Ravyn Lenae and Knox Fortune, who A&O Productions bring to the second-annual Chicago Benefit
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CannabisNewsWire Announces Publication on Investment Opportunities as Companies Scale …

In 2014, Global introduced its first online payment platform called the Consolidated Payment Gateway (CPG), which allowed its enterprise clients to transfer money to international bank accounts, mobile accounts, and prepaid card accounts. The development of the CPG became the foundation for the
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Fujitsu adds palm reading to Windows 10 Pro, but it doesn't tell your fortune

Forget using your face or finger. Fujitsu said it teamed up with Microsoft to bring palm vein authentication to Windows 10 Pro. Right now, it's meant for the workplace, designed as an alternative to built-in infrared cameras and fingerprint scanners. It's based on the company's PalmSecure technology that
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One Of A Kind Houses: Weekend Real Estate Roundup

We're back again with the Dallas Patch Real Estate Roundup, a weekly look at some of the most unique and coveted houses in the Big D. This week's roundup includes updated remodels and brand new beauties to suit every price range. To see all of these houses and thousands more, visit Realtor.com
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'This is not sustainable.' With skyrocketing rents, Tacoma Housing Authority is forced to adjust

THA currently operates two main housing assistance programs. One is the longstanding Section 8 voucher program, which provides income-based rental subsidies to families on the private housing market. The other is the newer Housing Opportunity Program, which provides fixed rental subsidies on
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Why one banking analyst says you should work for Moelis & Co.

An equities research analyst is bullish about Moelis & Co.'s prospects going forward, and not just because of its earnings results, but also due to the bank's “strong and consistent headcount growth.” James Mitchell, director of equity research at Buckingham Research Group, reiterated his buy
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If your mortgage was underwater in 2017, Congress may have just provided help: a Q&A on the big …

If your mortgage was underwater in 2017, Congress may have just provided help: a Q&A on the big budget bill. Updated February 9, 2018 at 5:49 PM ; Posted February 9, 2018 at 4:53 PM. Congress early Friday morning passed a budget bill with both immediate and long-term effects on Ohioans.
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NJPW News: Company Announces Opening of US Dojo, Signing Video For Title Matches …

… – NJPW has announced the opening of their first United States-based dojo. The dojo is opening in Los Angeles starting with two five-day camps that will run March 19th through the 23rd and March 26th through the 30th. They will be $500 per session. You can find out more here. According to the FAQ,
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Senators Urge Mattis Not to Delay Shock Test on Costly Carrier

The USS Gerald R. Ford (CVN 78) is seen underway on April 8, 2017 in Newport News, Virginia. Photographer: Mass Communication Specialist 2nd Class Ridge Leoni/U.S. Navy via Getty Images. The leaders of the Senate Armed Services Committee urged Defense Secretary Jim Mattis not to delay
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Pound Falls as EU Warns Brexit Transition Period Not a Given

The pound fell and gilts rallied as the European Union's chief negotiator Michel Barnier said that a Brexit transition period wasn't a given if disagreements with the U.K. persisted. Sterling headed for a weekly loss as Barnier struck a downbeat tone following the latest round of Brexit talks, saying that
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Real Estate Investors Pile Into Toronto for Its Hot Economy and Open Borders

“You're going to see large global companies wanting to position themselves in Toronto,” with its proximity to the U.S., Robert Courteau, chief executive officer of the Toronto-based real estate consultancy, said in an interview. “All the demographics say with immigration and available rental, that we have a
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It's time to redefine service in the mortgage servicing industry

It's time to redefine service in the mortgage servicing industry

The tide has shifted, and servicing companies should no longer be the bad guy in the mortgage process. They should be champions of home ownership. But, company culture has to drive this mindset and team members need to feel they are empowered to celebrate borrower successes, such as on time
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CS Hires Swiss Banking Analyst

Credit Suisse is poaching a veteran Swiss banking analyst from a smaller private banking rival, finews.com reports. Andreas Brun (pictured above), a well-known Swiss finance analyst, has been hired by Credit Suisse, effective April, finews.com has learned. A spokesman for the Swiss bank confirmed
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Australian Open Banking Developments

This is in contrast to the UK where registration or authorisation requirements differ depending on whether a business offers the ability to initiate bank payments from their third-party service. Further details of the implementation remain to be seen, particularly in relation to “write” access which will allow
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Calif. Cities Selling Housing Lots for One Dollar Each

The California cities of San Diego and Lemon Grove have announced plans to sell lots for $1.00 each to a nonprofit land trust that will use the land to construct residential property for middle-class families. According to a San Diego Union-Tribune report, the maximum prices for the new three- to
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Amazon Studios Taps NBC Entertainment's Jennifer Salke to Succeed Roy Price

Amazon has named a new head for its television and film production unit nearly four months after the departure of former studio head Roy Price amid sexual harassment allegations. To fill that role, Amazon has tapped NBC Entertainment president Jennifer Salke, who will now report to Jeff Blackburn,
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The company that wants to help you hire a plumber may be a good investment, too

That's an enormously fertile market for the company to tap. Service providers … “We continue to view the home services opportunity as large and untapped and believe that evolution of a large digital marketplace is inevitable. … Housing market churn is clearly good for ANGI Homeservices, Terrill said.
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Real-estate transactions: Feb. 9, 2018

1702 W. Tiffany Court, Peoria, THM Properties LLC Series Tiffany to Osorio McAdams Real Estate Rentals LLC, $227,500. 8522 N. Glenbrooke Court, Edwards, Ralph E. and Nancy A. Mikesell to David S. and Ashley M. Totten, $230,000. 1708 W. Tiffany Court, Peoria, THM Properties LLC Series 1708
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Alexandria Real Estate Equities, Inc. (NYSE:ARE) Riding the Lightening: Where is it Headed Now?

Traders may be using technical analysis to help spot ideal entry and exit points. One idea behind technical analysis is that historical price movement trends have the ability to repeat themselves. Technical analysis involves the use of chart patterns to examine market movements and to help define trends.
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Oaktree Specialty Lending's (OCSL) CEO Edgar Lee on Q1 2018 Results – Earnings Call Transcript

Thank you, operator, and welcome to all of you who have joined us for today's call to discuss Oaktree Specialty Lending Corporation's first quarter 2018 Financial Results. Our earnings release, which we issued this morning, and the slide presentation that accompanies this call can be accessed on the
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Ruoff Home Mortgage returns as Andretti Autosport sponsor

Ruoff Home Mortgage, which adorned the sidepod of the Andretti Autosport car that won the 2017 Indianapolis 500 presented by PennGrade Motor Oil, is returning to the team this season as primary sponsor for driver Marco Andretti in two Verizon IndyCar Series races. Andretti will carry Ruoff Home
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Flu Is Causing 1 in 10 American Deaths and Climbing

Along with the pneumonia it spawns, this year's epidemic may be killing 4,000 people every week. By. Michelle Cortez. @FayCortez More stories by Michelle Cortez. February 9, 2018, 10:54 AM PST Updated on February 9, 2018, 1:53 PM PST. The amount of influenza ravaging the U.S. this year rivals
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Rubio Says World Would Support Venezuela 'Removing a Dictator'

Marco Rubio took to Twitter on Friday morning to suggest that the world would support Venezuela's military if it decided to “restore democracy by removing a dictator” as the country's President Nicolas Maduro prepares for an April election some are already predicting to be rigged. The world would
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United Community Banks, Inc. Announces Quarterly Cash Dividend Increase

BLAIRSVILLE, Ga., Feb. 09, 2018 (GLOBE NEWSWIRE) — United Community Banks, Inc. (NASDAQ:UCBI) (“United”), reported that its Board of Directors approved an increase of its regular quarterly cash dividend to $0.12 per common share. The dividend is payable April 5, 2018 to shareholders of
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Mortgage rates in the US continue to rise

Mortgage rates in the United States have increased this week as well. Rates have been increasing since the last 5 weeks. On Thursday, Freddie Mac, revealed that the 30 year fixed rate average increased to 4.32 percent. A week ago, it was at 4.22 percent and last year it was 4.17 percent. Since the
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Crypto's a Sideshow

Imagine if Rip Van Stocktrader had slumbered through January and woke up today. A bit groggy, he'd check Thursday's closing price for the MSCI World Index and, after a bit of mental arithmetic, work out that the stock market is down a tad more than 3 percent so far this year. “Nothing to worry about,”
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Australia Pursue Open Banking as Consumers Regain Control of their Data

Last July, Australia commissioned a review of Open Banking seeking recommendations as to how to best pursue this policy shift in Australia. Commissioned by Treasurer Scott Morrison, MP and chaired by Scott Farrell, the Australian government has now published a report that makes 50
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Big St. Louis bank hires veteran banker to launch KC mortgage biz

Cross most recently held the same role with Busey Bank (formerly known as Pulaski Bank) where he was responsible for managing mortgage operations in the Kansas City area, Denver, Lawrence, Warrensburg and Wichita. He grew his team there from 11 loan officers to 40, and was responsible for
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Real estate notes, Feb. 10, 2018

NORTH HAVEN — Barbara L. Pearce, CEO and President of Pearce Real Estate, recently announced newly hired agents and staff who recently joined the firm. Jamal Mitchell has joined the company's New Haven office as a Residential Sales Agent. He reports to Nanette Pastore, Senior Vice President,
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Old Navy Named One of the 2018 Best Workplaces for Giving Back by Great Place to Work® and …

Great Place to Work and FORTUNE have honored Old Navy as one of the 2018 Best Workplaces for Giving Back. The ranking considered more than 385,000 employee surveys from companies across the U.S. Great Place to Work, a research and consulting firm, evaluated more than 50 elements of team
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UPDATE 2-Bad loans hurt Indian state banks, push SBI to surprise Q3 loss

Bad loans at Indian banks have nearly doubled in the past four years as an economic slowdown took its toll on the ability of companies to repay debt, exacerbated in the case of some banks which analysts said had expanded lending too fast. The bulk of India's 9.46 trillion rupees ($147 billion) in
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Dems Seek Answers on CFPB's Equifax Actions

Dems Seek Answers on CFPB's Equifax Actions

In their letter, the senators cited news reports that Mulvaney has yet to approve the preliminary steps required for a CFPB investigation into how the data breach occurred. The Federal Trade Commission and the Justice Department are conducting their own investigations, but the CFPB has yet to move
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Feds put 9 lenders on notice about 'aggressive, misleading' VA loan practices

“We really need to defend the VA program,” said Michael Bright, executive vice president and chief operating officer of Ginnie Mae, a government corporation that oversees the process for ensuring the success of the government's mortgage-backed securities guarantee. Ginnie Mae officials issued the
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For Black History Month, a look at African-American home ownership

In honor of a monthly celebration of African-American history and achievement, here's a reminder that there are still deep racial inequities in the housing market – and that many of them fall disproportionately on African-Americans. The charts below are courtesy of ABODO, an online marketplace where
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Monmouth Real Estate To Experience Slower External Growth, Says B Riley FBR

Monmouth Real Estate is likely to experience slower external growth beyond its $78 million acquisition pipeline, Kucera said in a Friday note. (See the analyst's track record here.) The muted expectations are based on new build-to-suit opportunities as well as expectations that the company's same-store
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House Again Passes Legislation to Review Points and Fees

The Act would amend the definition of “points and fees” for purposes of the requirements to exclude charges for title examinations, title insurance or similar purposes regardless of whether the title company is affiliated with the creditor. Currently for such charges to be excluded from points and fees the
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Mortgage Rates Approach Four-Year High

Mortgage interest rates were are moving up, though not to the point where they are expected to dampen the demand for home ownership or curtail the strength of the U.S. housing market. The rate on a 30-year fixed mortgage climbed to 4.5% at the end of January, close to a four-year high, according to
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Fire ravages downtown Vinton businesses

VINTON — Employees at Benton County Title Company had one shot Thursday night at saving whatever office materials they could from smoke damage as a fire barreled through businesses at the other end of the block. The workers gather at 11:15 p.m. to carry out paintings, records and office supplies,
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Tips for landlords: Beware of tenants who are identity thieves

Tips for landlords today include dealing with technology and crimes that would not have been possible in previous generations. Smart landlords take care to vet prospective tenants before signing a lease or rental agreement. Because that's the best way to minimize renter risk. After all, past behavior is
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Women In Energy: Saluting 25 Top Industry Powerbrokers

Her first title, “company man,” no longer exists. Ramona M. Graves, dean of the Colorado School of Mines' college of earth resource sciences and engineering, came on stage with a cane at the Hyatt Regency Downtown Houston to accept Hart Energy's first lifetime achievement honor, the Pinnacle
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Ultimate Software Named to Fortune's 2018 Best Workplaces for Giving Back List

Ultimate Software (Nasdaq: ULTI), a leading provider of human capital management (HCM) solutions in the cloud, announced today that the company has been ranked #16 on the 2018 Best Workplaces for Giving Back list, created by Fortune magazine and Great Place to Work. Rankings for this year's
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Open banking threatens big banks' most valuable customers

The UK's big banks are at risk of losing their most valuable customers because of open banking, a report has found. The Bain and Company, Salesforce and MartizCX report, titled 'Coping with the Challenge of Open Banking', identifies high-risk customers that are more likely to abandon the traditional
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Insider Buying: Matthews International Corp (NASDAQ:MATW) VP Purchases 3000 Shares of Stock

Matthews International logo Matthews International Corp (NASDAQ:MATW) VP Robert M. Marsh purchased 3,000 shares of the stock in a transaction dated Tuesday, January 30th. The stock was bought at an average cost of $55.50 per share, with a total value of $166,500.00. Following the completion of
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Real estate team closes third Bitcoin-only transaction in Florida

Perez told HousingWire that to protect both sides of the transaction, there was a fluctuation limit in place during the transfer period for the money. “The value was set in dollars, and the number of bitcoins was determined at the moment of the closing,” Perez explained. “We negotiated with the buyer to
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Reverse Mortgage: Friend or Foe?

If you watched a daytime soap opera or game show in recent years, you probably saw older actors such as Tom Selleck or Henry Winkler speak about the reverse mortgage. What is the reverse mortgage? The FHA-insured Home Equity Conversion Mortgage, or HECM, was signed into law on Feb.
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Banking royal commission puts lawyers on notice

“As the commission is conducting an inquiry, and not a judicial proceeding, cross-examination that raises collateral matters going only to credit will not be permitted,” it said. The banking commission, helmed by former High Court judge Kenneth Hayne, begins on Monday but is already mired in confusion
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iGTB teams with Pivotal to bring contextual corporate banking to the cloud

Intellect Global Transaction Banking (iGTB), the corporate banking technology provider, and Pivotal Software, Inc. announced the upcoming availability of iGTB's next-generation Cash Management platform, CBX 18, on Pivotal Cloud Foundry® (PCF), one of the world's most powerful cloud-native
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Fighting extreme discrimination, they became America's first black millionaires

The most significant revelation in “Black Fortunes,” the engaging profile of the first African Americans to become millionaires, is that these wealthy blacks managed to exist at all. African Americans of the antebellum era, when most of these success stories take place, have typically been portrayed as poor
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Arlington Asset Investment (AI) Price Target Lowered to $12.00 at B. Riley

Arlington Asset Investment Corp logo Arlington Asset Investment (NYSE:AI) had its price objective decreased by B. Riley from $13.00 to $12.00 in a research report sent to investors on Thursday. B. Riley currently has a neutral rating on the financial services provider's stock. Several other equities
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This Company Wants to Sequence Your Genome, Put It On a Blockchain—And Pay You For It

Blockchain and cryptocurrency mania has engulfed the Internet in the past year. But could the digital ledger tech (and its offshoot applications) also help spur drug development, ensure genetic privacy, and make consumers some crypto-money on the side—all in one fell swoop? That's the ambitious
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Bitcoin Finds a Bottom During Equity Market Turmoil

What's supposed to be the most volatile asset in the universe is proving to be a bastion of stability compared with wild swings and carnage in global equities this week. Bitcoin is clawing its way back from the four-month low of $5,922 it touched on Tuesday, rebounding 47 percent to $8,650. The S&P 500
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Refinancing a mortgage? You can now count Airbnb income

Refinancing a mortgage? You can now count Airbnb income

At a time when cities are still sorting out what effect, if any, Airbnb has on local rental and housing markets, the home-sharing giant is launching a new initiative that will further weave it into the fabric of owning a home. In partnership with lenders Quicken Loans, Citizens Bank, and Better Mortgage,
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Area Woman Takes Spin on Wheel of Fortune

“The wheel wasn't very nice to me, but playing was a chance of a lifetime. Something I will never forget,” says Elisabeth Goodwin of Oakwood about her recent TV appearance on Wheel of Fortune. Mrs. Goodwin has fond memories of watching the show as she was growing up, always trying to be the first
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Judge Taunted by Trump to Hear Arguments on Border Wall

That will be the question Friday before U.S. District Judge Gonzalo Curiel, who will listen to environmental groups and the state of California argue why a section of President Donald Trump's proposed wall along the Mexican border shouldn't be constructed.
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Godiva Owner in Talks With Turkish Banks to Reorganize Loans

Yildiz Holding met with lenders following preliminary 2017 earnings and 2018 projections, it said in an emailed statement after Bloomberg reported it was seeking to restructure debt with 10 banks. The lenders, led by Yapi & Kredi Bankasi AS, a unit of Turkey's Koc Holding AS and Italy's UniCredit SpA,
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Can Noisy Shorts Be Secret?

If you think a company is bad, or fraudulent, you can sell its stock short and try to profit when everyone discovers its problems and the stock drops. If you want to hurry that process along, you can always noisily publish research reports explaining why the company is bad or fraudulent. If your research
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Barclays Trims AGNC Investment (AGNC) Target Price to $20.00

AGNC Investment logo AGNC Investment (NASDAQ:AGNC) had its price objective cut by equities researchers at Barclays from $21.00 to $20.00 in a research note issued to investors on Friday, February 2nd. The firm presently has an “equal weight” rating on the real estate investment trust's stock.
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Walter Investment Management Corp. Successfully Completes Financial Restructuring

Ditech Holding is an independent servicer and originator of mortgage loans and servicer of reverse mortgage loans. Based in Fort Washington, Pennsylvania, the Company has approximately 4,100 employees and services a diverse loan portfolio. For more information about Ditech Holding, please visit
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Scrap balers: Recycling International's top picks

Global: There are big balers, shear balers, mobile balers, brand-new balers and 'smart' balers. In a world of rapidly advancing technology, it seems wise to remember that, ultimately, when buying machinery, you should ignore the dazzling facts and figures highlighted in corporate brochures; you should
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Real estate tycoon Tony Pomerleau dies

The patriarch of the Pomerleau family passed away at the age of 100, his son, Ernie, announced Friday morning. The elder Pomerleau had been in recent poor health. The jovial, sharp-eyed developer, known as Tony, built one of the largest personal fortunes in Vermont history, which he pegged at more
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Burlington Real Estate Mogul Tony Pomerleau Dies at 100

The Burlington real estate mogul's name graces several city buildings, including the police department headquarters on North Avenue and the YMCA on College Street. Among his bigger pledges to local nonprofits, Pomerleau gave $1 million to the Boys & Girls Club of Burlington in 2014, and donated
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NGO travel: Handle with care

Alina Holmes, purchasing and corporate travel manager for housing charity Habitat for Humanity International, imposes equally stringent pre-trip approval processes. “We have two lists – one red, one yellow – that if booked will trigger our global pre-trip advisory process,” she says. “If the country
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Bills introduced directing NY DFS to issue report on online lending

The bills are intended to amend legislation signed into law by New York Governor Cuomo on December 29, 2017 (S6593A) that created a seven-person task force to study online lending and issue a report by April 15, 2018 containing specified information. The task-force members are to consist of three
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FHA Loan Limits for 2018

FHA loans make homeownership more accessible to first-time home buyers, lower-income households and other borrowers who might not otherwise be able to get a mortgage. While financial requirements for an FHA loan are more flexible than conventional mortgages, your future home has to pass
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London has a glut of posh homes for sale

Here's a stat that might concern any Londoner thinking about putting their flat on the market when the weather warms up: there are already more homes advertised for sale on Rightmove than were sold in the whole of 2017. According to the Land Registry, there were 59,000 transactions concluded last
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Ellie Mae's revenue enhanced by Velocify acquisition

Ellie Mae's fourth quarter and full year revenue increased over the corresponding prior periods following its acquisition of Velocify. For the fourth quarter, Ellie Mae's revenue of $112.9 million was up 17% from $96.2 million for the same period in 2016. This exceeded the midpoint of the company's
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Marijuana Credit Union Granted Conditional Account by Federal Reserve Bank

Banking and general financial services have been a great white whale for the cannabis industry, as financial institutions continue to be wary of the plant's illegal status with the feds. But a recent settlement between a Colorado credit union and the Federal Reserve Bank of Kansas City may help reel in a
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2018 Cyber Security Trends: Where are We Headed This Year?

However, there is now speculation that a variety of industries such as real estate, human resources, cloud storage, and toast-making (okay, okay, so I made up that last one), could also experience disruption from blockchain technology. Cyber security will see some significant tools come to market that
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SG Americas Securities LLC Has $1.66 Million Position in Moneygram International Inc (MGI)

Schwab Charles Investment Management Inc. boosted its position in shares of Moneygram International by 10.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 127,817 shares of the financial services provider's stock valued at $2,205,000 after buying an additional
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Airbnb and Quicken Loans Partner on a New Mortgage Qualification Option

When you qualify to get a mortgage, one of the most important factors is your income. In general, higher incomes open up more mortgage options. With that in mind, we've got a new announcement that should be exciting for many homeowners. If you rent out your home through Airbnb, you can now
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Oversupply fears in Europe have lenders tightening the purse strings

The European Hotel Lending Survey 2018 reported that, over the past year, cautiousness due to increased political risks and economic policy challenges had been replaced with a more positive outlook for hotel lending. Strong hotel performance meant that debt continued to be available in most regions
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Wild Week Upends Real Estate Markets

Wild Week Upends Real Estate Markets

In the most volatile week in financial markets since the financial crisis, U.S. equities ended the week lower by more than 5%. REITs are now 15% below their December highs. While the implosion of volatility-linked trading products got the blame for the early-week sell-off, the blame quickly shifted to
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200 institutional investors are raising stakes in Fortune Brands Home & Security, Inc. (FBHS)

Fortune Brands Home & Security, Inc. (NYSE:FBHS) enjoyed a 13.01% run-up in share price since hitting record low of $55.25. The stock managed -1.51% fall and now stands at $62.44 as of 02/08/2018. At recent session, the prices were hovering between $62.43 and $64.6. This company shares are
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Walter Investment emerges from Chapter 11, changes name to Ditech Holding Corp.

The company announced Friday that it successfully completed its financial restructuring plan, which eliminated $800 million in debt, and emerged from Chapter 11 bankruptcy. With the bankruptcy now in the rearview mirror, Walter Investment is changing its name to Ditech Holding Corp., adopting the
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Jason Alaska Joins Pearce Real Estate Guilford Office

From Pearce Real Estate Barbara L. Pearce, CEO and President of Pearce Real Estate, today announced that Jason Alaskahas joined Pearce Real Estate as a Residential Sales Associate in the Guilford shoreline office. He reports to Nanette Pastore, Senior Vice President and Shoreline Office manager
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Capital Pointe completion date pushed back another year

The settlement and orders involve mortgage brokerages and brokers. Fortress is not a mortgage brokerage or administrator. Fortress is a real estate developer and development consultant. Fortress does not believe that the settlement and orders will harm its business and look forward to continuing to
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Condos were king in 2017 luxury home market (Photos)

However, despite the fewer sales, the condos still fetched strong prices. “Overall in 2017, single-family sales were up nearly 28 percent and luxury condo sales were up more than 60 percent,” said Jill Schafer, DMAR market trends committee member. Last year's luxury home market closed out with
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Ask George & Chuck: Landowner faces title challenge when trying to sell

Q: I've owned several parcels of property in one subdivision for years. I've paid taxes on them and maintained them. I had a prospective buyer contact me and I signed a contract to sell them, but the title company says there was a “break in the chain of title” 40 years ago on one of the lots and refuses to
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Somewhat Positive Press Coverage Somewhat Unlikely to Impact Arlington Asset Investment …

Arlington Asset Investment logo Media stories about Arlington Asset Investment (NYSE:AI) have been trending somewhat positive recently, according to Accern. 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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Sri Lankan banks overshoot SME lending targets

ECONOMYNEXT – Sri Lankan banks have overshot lending targets under an Asian Development Bank (ADB) small business credit program to avoid penalties … Just 25% of Sri Lankan firms have said that they did not need a loan, the lowest among ADB developing members, according to the lender.
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Real Estate Confidential: Menemsha Memories

A couple of properties stand out right now. One is waterfront at 94 Menemsha Inn Road listed at $6,750,000. The property is listed by Tea Lane Associates and Flanders Real Estate. Their description really says it all: “elegant, architect-designed main house and guest quarters … steeped in privacy at the
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Giving Up On Westpac Banking

The purpose of this article is to articulate why I believe Westpac Banking Corp. (NYSE:WBK) is not an attractive investment option at its current market price. WBK has come under pressure the last few months, and I don't see many positive catalysts which will propel the stock higher short-term. My overall
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Teacher Retirement System of Texas Grows Holdings in Marriott International Inc (MAR)

Marriott International logo Teacher Retirement System of Texas raised its stake in Marriott International Inc (NASDAQ:MAR) by 1,766.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 189,029 shares of the company's stock after buying an
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Will the year of the dog bring good fortune to China investors?

The Chinese stock market had a strong year in 2017, but can it continue its strength into 2018? The Chinese stock market had a strong year in 2017, outpacing both its developed and emerging market rivals. Stock market returns were around 35% in sterling terms, driven in particular by the strong
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Real Estate Index Points to Slowdown in January

Recent movement in the Real Estate Index accurately predicted that November's surge in existing home sales would not be sustained, and its current reading suggests that home sales will remain subdued in the short term. Meanwhile, LegalShield's Consumer Financial Stress Index continues to suggest
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(Local) Real Estate Market

Tackling the Case-Shiller Index and what it means for today's buyers and sellers; Mortgage rates for conforming loans, FHA loans, VA loans, and USDA loans; Using jumbo loans on non-jumbo homes and loan sizes.
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Omarosa Says on 'Big Brother' She Wouldn't Vote for Trump Again 'in a Million Years'

It didn't take Omarosa Manigault Newman very long to go from being Donald Trump's advisor in the White House to one of the president's harshest critics on television. The former Director of Communications for the Office of Public Liaison in the White House, who left that role in a reportedly tumultuous
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Washington Needs a Correction Too

There's no avoiding market volatility. But it's a disgrace that Washington is doing all it can to make the problem worse. –Editors: Clive Crook, Michael Newman. To contact the senior editor responsible for Bloomberg View's editorials: David Shipley at davidshipley@bloomberg.net . Before it's here, it's on
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A new study shows 13 percent of Chicago-area homeowners with mortgages owed at least 25 …

A new report pointing out the heavy debt burden under which too many Chicago-area homeowners are struggling illustrates the urgent need for property tax relief in Illinois. The Chicago area had more homeowners seriously underwater on their mortgages in 2017 than any of the other 10 largest U.S.
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UK's Planned Power Plants Face Uncertainty in Auction Low

U.K. utilities may have to delay or give up on building power stations as new generators won only a fraction of the capacity offered in a tender to provide backup electricity. The auction process, set up to encourage new installations, only saw 1.5 percent of the total going to proposed plants. The lack of
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Free Research Reports on These Banking Stocks — Banco Santander, Bank of America, Canadian …

WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on BSAC, BAC, CM, and C which can be accessed for free by signing up to www.wallstequities.com/registration. This morning, WallStEquities.com revisits the Money Center Banks space
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Freddie Mac: Innovating and Learning in a Fast-Fail Environment

Freddie Mac: Innovating and Learning in a Fast-Fail Environment

We have always done innovation at Freddie Mac, but we're making big investments and improving our Loan Advisor Suite for our customers. Beyond just the sourcing side, now we also need to turn our attention to the servicing side. We need to look at other technologies. We want to innovate and learn
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Driverless Cars Have Potential Market

NAHB regularly conducts national polls of American adults and home buyers in order to understand new trends and preferences in the housing market. This is the second in a series of posts highlighting poll results, as presented during the 2018 International Builders' Show in Orlando, FL. See previous
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Interest For Bitcoins & Altcoins: Free Of Charge, Secure & Simple With Coinlend

At crypto exchanges like Bitfinex.com you can lend your Bitcoins & Altcoins to traders to receive interest. How it works, what are the risks and how Coinlend.org simplifies and automates the lending for you, you will learn in following report. Augmenting your own coins without investing additional capital;
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FY2018 EPS Estimates for Tempur Sealy International Inc (NYSE:TPX) Decreased by KeyCorp

Tempur Sealy International Inc (NYSE:TPX) – Equities researchers at KeyCorp cut their FY2018 earnings per share (EPS) estimates for Tempur Sealy … Stifel Nicolaus reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Tempur Sealy International in a research note on Friday,
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HR 2226, Portfolio Lending and Mortgage Access Act

Under current law, a “qualified mortgage” has certain characteristics designed to make it more affordable than some other types of loans. Eligible borrowers are presumed to be able to repay amounts owed, and lenders are provided certain legal protections when issuing such mortgages. H.R. 2226
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Mortgage Cryptocurrency; Lender and Agency FHA, VA changes; Ginnie Names Names

Here's a riddle for tonight's Happy Hour for snowed-in Chicagoans: What do New Day Financial, Nations Lending Corp., Freedom Mortgage Corp, LoanDepot.com LLC and Flagstar Bank have in common? Answer: they were singled out by Ginnie Mae as being “outliers” in terms of their prepayment
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HUD changes reverse mortgage rules

It is reported that almost every reverse mortgage that is in an amount under the Federal Housing Administration limit ($679,650 in 2018), is a federally insured Home Equity Conversion Mortgage. Because of this, we will be limiting our discussion today to HECMs, which are backed by the U.S.
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Waterstone Mortgage names Ericka Smith VP of marketing

Smith joined Waterstone Mortgage as its marketing manager more than two years ago and has played an integral part in the rollout of many of the company's marketing initiatives, such as the launch of its customer relationship management system and the introduction of a monthly marketing webinar for
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Openwrks, Zopa and TrueLayer get into Open Banking groove

The UK's major banks are being shown a clean pair of heels by non-bank competitors in the Open Banking space, with new announcements by TrueLayer in tandem with Zopa, and Openwrks demonstrating the enthusiasm of non-banks in opening up access to consumer account data. Zopa has worked
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Consumer Confidence in the Housing Market Jumped in January

Consumer confidence in the housing market improved in January, rising 3.7 points to a score of 89.5 on Fannie Mae's Home Purchase Sentiment Index (HPSI). The increase in the index score reverses the decrease that came in December. The net share of respondents who said now is a good time to
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Have Mortgage Restrictions Loosened?

After the subprime mortgage crisis, lending requirements were dramatically tightened in an effort to protect banks and lending institutions who suffered dramatic losses. Over the years, restrictions have eased, but many Americans still believe they won't qualify for financing and that homeownership will
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Lebanon County real estate transactions

Retire-Wise Financial Real Estate Partners to Steven W. and Susan M. Gable, 245 S. 12th St., $65,000. Thomas G. and Patsy G. Bradley to Michael P. Lucas, 519 S. Seventh St., $89,900. RX Lebanon Investors LLC to JSK Lebanon LLC, property on southwest corner of Cumberland Street and South
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What Can I Get for … Under $600K in the South Loop?

Real-estate trends have meant that the neighborhood's loftiest lofts are still affordable, but it might not stay that way for long. By AJ LaTrace. Published today at 12:06 p.m.. 1530 S. State Street Unit 17L in the South Loop Launch gallery. 1530 S. State Street Unit 17L in the South Loop Photo: VHT Studios.
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Venture Capitalists and Private Equity Investors Aren't So Confident in President Donald Trump

This article originally ran in Term Sheet, Fortune's newsletter about deals and dealmakers. Sign up here. In January, more than 500 Term Sheet readers and VC/PE industry professionals took a survey conducted by Semaphore, a business consulting firm, about confidence in 2018. Approximately 31%
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Greenbriar Launches Real Estate Blockchain Realblock, Targets Arizona

Realblock aims to address real estate's “byzantine paper heavy and rubber stamp process, that has seen little change in decades” through its proprietary software, designed to streamline and decrease the costs of the escrow and title insurance process, the company said, in a statement. To this effect
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Uber Agrees to Pay Waymo $245 Million in Equity to Settle Suit

Uber Technologies Inc. agreed to give about $245 million in stock to settle the high-stakes trade-secret theft lawsuit brought by Waymo, resolving a conflict that already cost the ride-hailing giant its top driverless car engineer and threatened to further embarrass the company. That will give the Alphabet
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Automotive Intelligence Series Makes its Debut at the Canadian International AutoShow

With that in mind, the 2018 Canadian International AutoShow is launching the Automotive Intelligence Series, a public education series designed to help … All Automotive Intelligence Series events are included with the purchase of a general admission ticket to the show, which is being held at the Metro
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Commercial Real Estate Executives Positive Despite Cautious 2019 Outlook

WASHINGTON, Feb. 9, 2018 /PRNewswire/ — Commercial real estate industry leaders continue to acknowledge positive conditions in the economy and current real estate markets, while expressing some caution about 2019, according to The Real Estate Roundtable's Q1 2018 Economic Sentiment
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Mortgage Rates Jump to Highest Level in More Than a Year

Mortgage rates jumped to their highest level in more than a year on Thursday, Feb. 8, continuing an ascent that kicked off at that the start of 2018. According to Freddie Mac, the average 30-year fixed-rate mortgage rate increased 10 basis points to 4.32% for the week ending Feb. 8 and is up more than
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LPP Mortgage, LTD., f/k/a Loan Participant Partners, LTD., Plaintiff, vs. The Estate of Catherine B …

In compliance with a Writ of Execution issued out of the Superior Court of the Virgin Islands, Division of St. Croix, on or about August 18, 2017, wherein LPP Mortgage Inc., f/k/a LPP Mortgage Ltd., f/k/a Loan Participant Partners, Ltd., is the Plaintiff and The Estate of Catherine B. Osborne or “John Doe”
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