From Bermuda to Switzerland, Reinsurers Lure Variety of Potential Investors

From Bermuda to Switzerland, Reinsurers Lure Variety of Potential Investors

Germany's Allianz SE is among companies potentially interested in buying XL Group Ltd., people with knowledge of the matter said this week. … American International Group Inc. agreed in January to buy the Bermuda-based reinsurer for $5.56 billion in cash, a 46 percent premium to the target
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Tata Steel Profit Boosts War Chest for Asset Buys, Expansion

The Mumbai-based steelmaker's profit rose to 12.9 billion rupees ($201 million) for the three months through December, from 2.43 billion rupees a year earlier, according to a statement Friday. That compares with the average of 12.88 billion rupees from analyst estimates compiled by Bloomberg.
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Keep Your Active Eyes on Technical Indicators – Apollo Commercial Real Estate Finance, Inc. (ARI)

On Thursday, Apollo Commercial Real Estate Finance, Inc. (ARI) made the way into the market negative movers list with falling -0.62%. ARI reported a change of -2.53% over the last week and performed -2.58% over the last month while its year to date (YTD) performance revealed an activity trend of
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NBC Chases Millennials With Every-Viewer-Counts Olympic Strategy

Two years ago, NBC's Summer Olympics audience in Rio fell sharply, especially among millennials, forcing the broadcaster to give advertisers free airtime to make up for the shortfall. This year, for the winter games in South Korea, the network hopes to avoid a similar fate by selling commercials a new
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Downtown fire destroys three businesses

Flames did not spread to the Benton Title Company, but firemen said there was some damage caused by water used to fight the flames. The Ron-Da-Voo was ordered closed by firemen because of the gas line connected to the building. Thursday night a dense dark smoke filled the air. This morning
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ValuEngine Upgrades Korn/Ferry International (NYSE:KFY) to “Buy”

Several other research firms have also commented on KFY. Robert W. Baird reiterated a hold rating and issued a $45.00 price target on shares of Korn/Ferry International in a research report on Thursday, December 7th. Zacks Investment Research lowered shares of Korn/Ferry International from a buy
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Canadian Mortgage Growth Falls To The Lowest Rate In 2 Years

Canada's booming real estate market led to explosive growth in mortgages, but that may be ending. Numbers from the Bank of Canada (BoC) show growth of household mortgage debt is starting to slow. The decline in growth may not be a red flag for most investors, but that's because they aren't looking
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Kim's Sister to Meet Moon After Cheering on Unified Korea Team

South Korean President Moon Jae-in will meet for lunch on Saturday with Kim Jong Un's sister after the pair enthusiastically cheered on a unified Korean team at the opening ceremony for the Winter Olympics. Kim Yo Jong, who is representing her brother at the Games, shook hands with Moon and
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A wish list for Bengaluru real estate

Presently there is a uniform stamp duty of 5% on real estate transactions. In Bengaluru city (main areas), average ticket size of property is estimated to be Rs. 50 lakh and say for 100 properties, the revenue collection from stamp duty could be ₹ 5% of 50,00,000 X 100 = ₹250 lakh. It is suggested to
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River Road Asset Management LLC Invests $31.14 Million in Oaktree Specialty Lending Corp …

Oaktree Specialty Lending logo River Road Asset Management LLC acquired a new position in shares of Oaktree Specialty Lending Corp (NASDAQ:OCSL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired
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Digi International (NASDAQ:DGII) Coverage Initiated by Analysts at Roth Capital

Digi International logo Stock analysts at Roth Capital initiated coverage on shares of Digi International (NASDAQ:DGII) in a note issued to investors on Friday, February 2nd, MarketBeat reports. The firm set a “buy” rating and a $15.00 price target on the technology company's stock. Roth Capital's target
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Is Buying Stock Like Albany International Corp. (AIN) After This Bullish Double Top Chart Pattern a …

Investors sentiment decreased to 1.22 in Q3 2017. Its down 0.53, from 1.75 in 2017Q2. It fall, as 12 investors sold Albany International Corp. shares while 52 reduced holdings. 20 funds opened positions while 58 raised stakes. 28.94 million shares or 0.26% less from 29.02 million shares in 2017Q2 were
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Australian Government moves to open up the banking industry

Australia has moved one step closer to implementing an Open Banking regime with the publication of a final Government report into the issue, accompanied by draft legislation to mandate comprehensive credit reporting. Commissioned in July last year, the report makes 50 recommendations, on the
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Housing investor loans slumped by 10 per cent in 2017

New lending to property investors slumped by a tenth last year as tougher bank credit standards started to bite, but the prudential regulator is “not declaring victory just yet.” Figures on Friday showed the mortgage market finished last year with a whimper, with new loan approvals for both owner-occupiers
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WESCO International (WCC) Lowered to Hold at ValuEngine

ValuEngine lowered shares of WESCO International (NYSE:WCC) from a buy rating to a hold rating in a research report sent to investors on Friday, February 2nd. A number of other research firms have also weighed in on WCC. Zacks Investment Research lowered WESCO International from a buy rating
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Bally, the High-End Shoe Brand, Now in Chinese Hands

They are buying luxury shoe companies. Shandong Ruyi Group, a Chinese textile company looking to move up the value chain and cement its standing on the global stage, said Friday it would buy control of Swiss leather accessories company Bally International AG from the European investment fund
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BRIEF-HDFC Bank Appoints ‍Rakesh Singh As Head Of Private Banking

SAYS ‍RAKESH SINGH APPOINTED HEAD OF PRIVATE BANKING Source text: [Mr. Rakesh Singh has been appointed head of Private Banking at HDFC Bank. He will continue to head the Bank's Investment Banking, Capital Markets and Financial Institutions businesses.] Further company coverage:.
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Banking Sectors and Blockchain

Investment banks these days are on verge of launching better blockchain technologies that will help them earn more profits in today's competitive market. There are different innovative solutions in the economic field and blockchain is one of them. It has been gaining popularity recently. Experts believe
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The Economist house-price indices

The charts above track housing-market indicators across 27 economies, as well as for 20 cities in America, in some instances going as far back as 1970. The first two metrics are price indices, one expressed in nominal terms and another adjusted for inflation. The second two measure valuation: one
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Eastern Mortgage Capital provides $3.598 million financing to Bramhall Partners

Portland, ME Eastern Mortgage Capital provided $3.598 million in permanent financing for Holt Hall, a 36-unit plus street level commercial space property located at 79 Bramhall St. This is the second transaction between EMC and the partners utilizing the FHA Insured 223(a)7 program. This program
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Pass The Fortune Cookies, Hold The Ganglia: Feasting On Star Trek's Discovery

Pass The Fortune Cookies, Hold The Ganglia: Feasting On Star Trek's Discovery

Context Cookies: In episode three, titled “Context Is For Kings”, we discover Captain Gabriel Lorca's predilection for fortune cookies. The mysterious captain's family manufactured the sweet treat in San Francisco, Star Trek's favorite city, during the 22nd century until, he notes, “the future came, and
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How Modeling Can Prove Reverse Mortgage Solutions to Common Problems

Reverse mortgage originators have seen it all when it comes to common reverse mortgage uses. In fact, the National Reverse Mortgage Lenders Association lists 25 ways to use a Home Equity Conversion Mortgage on its consumer-facing website including paying off an existing mortgage, remodeling a
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Your Home: What topics would you like to see the Taylor Made Team address?

We at The Taylor-Made Team like to say that we are advocates for home ownership and real estate investment. I do my best to keep our community informed of the real estate trends in real time yet I realize that most readers can only tolerate so many columns with tons of stats and bar graphs. I geek out
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Manhattan tenants get big breaks as rents fall most since 2011

For more than a year, they've been handing out rent-free months and gift cards, then topping off those enticements with reductions in price. Now renters, who have the luxury of choice in a market overflowing with new supply, are demanding that owners dig even deeper. Concessions jumped to yet
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Raymond shines in Willmar's shadow: Affordable housing brings new residents

The Millers said they were also attracted to Raymond by its affordable housing market, low costs for golfing at the municipal course, easy access to the amenities available in Willmar, and small-town life. “There is a sense of community here that we've liked for a long, long time,” said Hal, adding that he
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Andrews Federal's Koussis shares tips on how to combat predatory lending

SUITLAND, MD (February 9, 2018) — Andrews Federal Credit Union's Stan Koussis, Community Development Manager, recently shared tips and resources to help combat predatory lending during a recent Ventures in Community (VIC) meeting. The meeting, moderated by Michael Pope, WAMU
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Kelley Granger Named Branch Manager of HomeBridge's Concord Office

“After working with some of the leading Bay Area and national residential builders for so many years, I'm acutely aware of the unique pain points the builder community faces when it comes to mortgage finance,” said Granger. “I chose to join HomeBridge because their platform not only has all of the
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Sun, sea, sand and super-luxury homes: Inside Tel Aviv's red-hot property market

Tel Aviv is a city of sun, sea, sand and a seriously strong property market. Its seafront is a tangle of cranes as developers race to build super-luxury homes with views of the glistening sea. But it's not just Tel Aviv. There is huge demand across the country; in the past 10 years, real estate prices in Israel
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Sunway: Property market won't collapse this year

These are good fundamentals that the country can rely on, The Edge Financial Daily quoted Sarena Cheah, the managing director of Sunway's Malaysia and Singapore property division, as saying. “We don't foresee a collapse (in the property market) unless the global market (collapses), but we foresee
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Commercial real estate Q&A

Jeffrey Gage has worked for commercial real estate brokerage and services firm CBRE Group since 1985, and spent many years in its Stamford, Conn. office. Today, he is a senior vice president and in charge of the company's Naples operation, which serves Southwest Florida. Throughout his career
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Ask a real estate pro: Do rental tenants have to obey HOA rules?

There are written HOA covenants that I believe should still be part of the property transaction on any home purchase. Many residents are completely unaware/don't care about the HOA rules. What options do I have to enforce the HOA rules, and do rental tenants also have to obey the HOA rules?
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Nationwide's lending dips as buy-to-let changes bite

Nationwide-Building-Logo-Closeup-700×450.jpg Nationwide Building Society has reported a dip in mortgage lending between April and December 2017, blaming a slower buy-to-let market and tough competition over rates. The building society has just published its results for the first three quarters of
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10 Must Reads for the CRE Industry Today (February 9, 2018)

Forbes looks at what a Fannie/Freddie overhaul will mean for the commercial real estate industry. … What an Overhaul of Fannie Mae and Freddie Mac Would Mean for Commercial Real Estate “CMBS loans for multifamily properties have increasingly been going to Fannie Mae and Freddie Mac in the
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LL Bean Ditches Unlimited Lifetime Return Policy as Scams Rise

L.L. Bean said on Friday it was scrapping its iconic 106-year-old lifetime returns policy in the wake of what it said was a “small, growing number” of customers abusing the guarantee that lets shoppers bring back items at anytime, even years after a purchase. Instead, they'll now have a year to bring back
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HDFC Bank appoints Rakesh Singh as private banking head

Private sector lender HDFC Bank today announced appointment of Rakesh Singh as private banking head. He will continue to head the bank's investment banking, capital markets and financial institutions businesses, the bank said in a statement. Private banking is wealth management service of the
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Current Mortgage Rates Move Up on Friday

It's been a wild week in the markets but mortgage rates are on track to finish out the week at levels very close to where they were on Monday. With current mortgage rates continuing to move higher overall, the smart decision for most borrowers is to lock in a rate soon. Read on for more details.
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Sidel and Sheehan of EagleBridge arrange $12.65 million financing

Providence, RI EagleBridge Capital, working exclusively on behalf of its client, has arranged permanent mortgage financing in the amount of $12.65 million for 95 Lofts located at 95 Chestnut St. in the Knowledge District and near the historic Jewelry District in downtown. The mortgage financing was
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Truss Says It Has 100 Million Square Feet of Office Space Listed for Small Businesses

Commercial real estate platform Truss is trying to level the playing field for small businesses looking for office space. … Tom Smith, co-founder of Truss, said in an email to Small Business Trends, “Brokers have commission-based jobs so they make more money on larger spaces. Put another way
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Ginnie warns several lenders over VA loan churning

Ginnie also warned the lenders that they could be disqualified from Ginnie's regular loan pools and have access only to special pools. These special pools wouldn't be as attractive to investors, who would likely demand much higher returns and thus raise the price of the loans for the borrowers.
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Analyst's Predictions on 3D Systems Corporation (DDD), Fortune Brands Home & Security, Inc …

Fortune Brands Home & Security, Inc. (NYSE:FBHS), maintained return on investment for the last twelve months at 10.70, higher than what Reuters data shows regarding industry's average. The average of this ratio is 7.34 for the industry and sector's best figure appears -33.67. Fortune Brands Home
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Bank loans might get more expensive from as early as March

Bank loans might get more expensive from as early as March

It raised its benchmark marginal cost of funds based lending rate (MCLR) by 10 basis points on the same day that MPC announced its vote. HDFC Bank deputy managing director Paresh Sukthankar had indicated as much last month after declaring Q3 results. “Given, in particular, liquidity conditions and
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Opinion: Why you shouldn't panic about the stock market volatility

For 48% of American households, the past two weeks have been a nonevent, because they don't have any money in the stock market. Instead, for most Americans, their biggest “investment” is their house. Some 64% of families own their home and, as best I can tell, the housing market remains buoyant.
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New mortgage rules alter how much homebuyers can borrow

Whether you're a first-time homebuyer looking for an insured mortgage, or you have enough saved for a conventional mortgage, new rules will affect how much you qualify for. As of Jan. 1, homebuyers applying for an uninsured mortgage from a federally regulated financial institution must meet new
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These were the top outer-borough real estate loans in December

The biggest outer-borough loan of December took place right along Brooklyn's waterfront on the aptly named Water Street. The $217 million loan from M&T Bank and the Brooklyn Bridge Park Development Corporation to Midtown Equities for its Empire Stores project took the No. 1 spot on December's
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Singapore's Real Estate ITM aims to transform Facilities Management and property transactions

Like the other ITMs, the Real Estate ITM was developed through a collaborative effort between the industry, union, academia, and the Government. Stakeholders from across the entire real estate value chain, including property agencies, conveyancing lawyers, valuation firms, facility managers, property
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'Collateral Damage': Family Blames Suicide of Former Rose McGowan Manager on Weinstein …

Jill Messick, a studio executive and producer and one-time manager of Rose McGowan, died Wednesday in Los Angeles. According to a statement released by her family, Messick committed suicide, following a long battle with depression and the concurrent accusations of complicity in Harvey
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Nationwide profits rise but net lending falls sharply

Nationwide has posted another rise in profits despite a big drop in net lending and warnings over a squeeze on household spending power. The building society saw underlying pre-tax profit rise 2 per cent to £883 million for the nine months ending in December, boosted by the £26 million sale of its
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Housing finance: investors make a more permanent retreat from the market

Investors' retreat from the Australian housing market is likely to be lasting, according to analysis of today's Australian Bureau of Statistics' Housing Finance figures. This month's ABS Housing Finance Data shows there is yet another drop for investor lending in December, according to the seasonally
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Palazzo – Real Estate WordPress Theme

Buy Palazzo – Real Estate WordPress Theme by NooTheme on ThemeForest. Palazzo, Beyond Functional Real Estate Theme, is our effort for a new and a great user experience in building up a re…
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Nordic banking sector to explore common payment infrastructure

A harmonization of the domestic infrastructures and the products offered would ease cross-border payments and foster further trade between the Nordic countries, stimulating growth and employment. A group of major Swedish, Danish, Norwegian and Finnish banks is currently exploring the possibility of
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TOP NEWS: Nationwide Mortgage Lending Market Share…

LONDON (Alliance News) – Nationwide Building Society on Friday reported a drop in profit for the first nine months of its financial year, with the company's market share in mortgage lending also slipping. The UK's biggest building society posted statutory pretax profit of GBP886.0 million for the nine
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Facebook Co-Founder Eduardo Saverin Closes $360 Million Tech Fund

B Capital Group, the venture capital firm backed by Facebook Inc. co-founder Eduardo Saverin, raised $360 million for its first fund, as it invests in health care, financial technology and other sectors. The Brazilian-born billionaire has reinvented himself as a venture capitalist since relocating to Singapore
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Confidence in the housing market may be overstated

Reports of increased consumer confidence in the US housing market may be overstated according to a new report. The LegalShield Real Estate Index posted a 0.2% decline in January compared to December and at a reading of 100.3 is 2.7% below January 2017. The index's movement predicted that
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Only one application so far for agent banking

The Bank of Jamaica (BOJ) says it has received only one application from a banking institution to conduct agent banking services, although the regulations have been gazetted since December 2016. At the same time, the Jamaica Bankers Association (JBA) said smaller banks seeking to expand their
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Twitter Shows It Has a Real Business

This article first appeared in Data Sheet, Fortune's daily newsletter on the top tech news. Sign up here. I'm going to stick with the positive—I crowed yesterday about the non-demise of Snap (snap, -1.34%), whose shares promptly dropped 7% in a sea of red Thursday—and talk today about the only green
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Bank of America Merrill Lynch picks UK banking bosses

Bank of America Merrill Lynch has shaken up the senior leadership of its investment bank in London, hiring a former Morgan Stanley banker to co-head its business for the UK and Ireland. BAML, like many of its peers, is looking to forge closer ties between its corporate and investment bankers in a bid to
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Jeff Bezos, Warren Buffett, and Larry Ellison Have Lost a Combined $19 Billion in the Past Week

Jeff Bezos, CEO of Amazon and owner of the Washington Post, addresses the Economic Club of New York, at the Sheraton New York Times Square Hotel, October 27, 2016 in New York City. Photograph by Drew Angerer—Getty Images. By Chris Morris. 9:44 AM EST. Wall Street's roller coaster ride of
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Meghalaya's fortune post March 2018

Journalists are supposed to be able to read the mood of the people prior to the elections and to interpret that into electoral wins or losses. I think people give us more credit than is due to us. As media persons though, this is the time for us to grill all candidates, including the ones who can't read or write
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Hunt Mortgage Provides Refi for LA-Area Community

Hunt Mortgage Group has arranged a Freddie Mac Small Balance loan of $5.2 million for the refinancing of an existing debt for Candlewood Apartments, a 43-unit affordable community in Whittier, Calif. The borrower is The Highlander Group, a limited partnership backed by William and Shelly Suh.
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How to make a home's interior shine

Modern interior trends for 2018 assist in designing friendly rooms, which encourage people to live happily and generously. They also allow people to save money and effort at the same time. Spending a lot of money is not essential. Seeing the potential in existing things that you already have in your
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Why Britain's Largest Bank Stopped Customers Buying Bitcoin With Credit Cards

Why Britain's Largest Bank Stopped Customers Buying Bitcoin With Credit Cards

Two British banks have followed U.S. banks in banning customers from buying Bitcoin and other digital currencies with their credit cards. Lloyds Banking Group and Virgin Money will no longer authorise credit card payments for cryptocurrency purchases through certain merchants. The ban applies only
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Commercial Real Estate Awards celebrates excellence

Five Knoxville-area commercial real estate brokers were honored Thursday evening at the annual Certified Commercial Investment Member Commercial Real Estate Awards. Brokers were recognized for their work in 2017 that “literally shaped the Knoxville area and beyond,” Knoxville News Sentinel
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A New Housing-Rights Movement Has the Real-Estate Industry Running Scared

Landlord and real-estate lobbies, as well as right-wing groups like the Koch-backed American Legislative Exchange Council (ALEC), have pushed these prohibitions for decades. In Illinois in 1997, for instance, state legislators passed a law that banned local governments from enacting, maintaining,
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Starlight Acquires 250-Unit Atlanta-Area Community

The sale price was undisclosed, but according to Yardi Matrix data, the asset bears a $24.2 million Freddie Mac loan, originated in 2016 and due in 2027. The property was 95 percent occupied at the time of the deal. Landmark at Coventry Pointe consists of 17 three-story buildings spread across more
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10 Housing REITs to Buy for the “Rise of the Renters”

Home ownership once was the dream of every American, but attitudes have shifted since the 2008 housing market crash, particularly among young adults. The change may be the result of steadily increasing home prices, accompanied by wage growth that hasn't kept pace with inflation. Affordable
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Gulf International Bank UK Ltd Acquires 5200 Shares of Goldman Sachs Group Inc (NYSE:GS)

The institutional investor owned 116,739 shares of the investment management company's stock after purchasing an additional 5,200 shares during the period. Gulf International Bank UK Ltd's holdings in Goldman Sachs Group were worth $29,740,000 at the end of the most recent reporting period.
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Pre-empting RBI, banks set to raise lending rates

Pre-empting RBI, banks set to raise lending rates … NEW DELHI/MUMBAI: The country's struggling economy is facing a new challenge: Lenders are raising interest rates even though the central bank is leaving its rates unchanged, as risks such as surging bond yields and … “Lending rates will move up.
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The mortgage time bomb: What interest-only borrowers need to know

Unlike the repayment mortgages which are common nowadays, interest-only deals allow you to only pay the interest off, rather than paying down the mortgage loan itself. With the money still outstanding, borrowers need to have plans in place for how they eventually plan to pay back the capital – the
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Nationwide profits rise but net lending tumbles

Nationwide has chalked up another rise in profits despite enduring a hefty drop in net lending and warning over the squeeze on household spending power. Britain's biggest building society saw underlying pre-tax profit rise 2% to £883 million for the nine months ending in December, boosted by the £26
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9 lenders warned on loans for vets

Some lenders have increased their revenue through repeated, unneeded refinancing of veterans' home loans, according to regulators. That process, called “churning,” lowers prices investors are willing to pay for bonds, effectively raising rates for veterans, first-time homebuyers and others whose loans
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Real estate giant McGrath faces ASX review

McGrath Real Estate listed on the ASX as an entity in December 2015. It comes at the end of a tumultuous week for McGrath, sparked by revelations last weekend that Mr McGrath has a $16.2 million gambling debt to a betting company run by prominent bookmaker Tom Waterhouse. The company
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Kenya's real estate market to bounce back in 2018

Mindful of the growing demands and appetite due to the improved outlook of the economy and the resilience shown in the face of political strife, Rusin noted that this year's summit under the theme, 'Paving Forward, Where to Next for East Africa's Real Estate Market?' will look at key trends and factors
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What is it like to live in Billerica?

There are 14 greenhouses on Griggs Farm, a Billerica institution since 1943, and William “Bill” Griggs, he built them all.
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Gig economy: An empowering trend here to stay or a stumbling block that compromises on labour …

As utopian as it sounds, jobs as these are a commonplace reality in India, a booming economy that is slowly shifting towards a gig-based economy (also referred to as peer-to-peer economy or shared economy or collaborative economy), a fast catching trend that involves outsourcing of work,
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Despite Eskom's Troubles, a Surprise Change in Fortune for South African Renewables

Renewables developers are celebrating after South Africa's Minister of Public Enterprises unexpectedly signed off on power-purchase agreements this month. The decision ended years of uncertainty for Renewable Energy Independent Power Producers Procurement Program (REIPPPP) winners, which
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Bitcoin Lenders Take the Money and Run During Crypto Crash

Lend us your money and you'll have the chance to win $1,000,000, the cryptocurrency company Davor Coin promised users on Jan. 31. Optimists poured cash into the platform, but a week later all anyone had was a cease-and-desist letter from the state of Texas. As cryptocurrency values skyrocketed in
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A Facebook 'Dislike' Button? Site Is Experimenting With Reddit-Like Downvoting Instead

Facebook is not testing a “dislike” button. Instead, it's testing a button that lets people express their dislike for comments. That's the official line from Facebook after the company was spotted testing the new feature on some people's accounts on Thursday. The tests were reported by the Daily Beast.
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Honeywell International Inc. (HON) Position Boosted by Blue Rock Advisors LLC

Blue Rock Advisors LLC lifted its stake in shares of Honeywell International Inc. (NYSE:HON) by 64.2% in the third quarter, according to the company in … Bank of America boosted their price objective on Honeywell International from $117.12 to $168.00 and gave the company a “buy” rating in a research
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The Digitisation of Real Estate

However, what makes some cryptocurrency so useful for trade in real estate is the blockchain technology recording transactions. The utility of having a public ledger of transactions is almost self-evident, detailing the transfer of property rights on a public forum without reliance on paper documentation.
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SBFE Annual Member Meeting

Attend The Small Business Financial Exchange (SBFE) Annual Member Meeting this April 24-26, 2018 in St. Louis, MO. Learn about small business lending trends, strategies for growing a small business, and how to obtain comprehensive small business credit reports. Meet other small business owners
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ABS Real Estate Inks 99-Year Lease for Two Bronx Commercial Properties

ABS Real Estate Inks 99-Year Lease for Two Bronx Commercial Properties

ABS Partners Real Estate has closed a 99-year ground lease for two commercial buildings in the Marble Hill section of the Bronx from MJ Martin … The properties—comprising the two-story, 50,000-square-foot 5500 Broadway and the three-story, 100,000-square-foot 2900 Exterior Street—sit on an
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'In Fraud We Trust.' Cybercrime Network Stole $530 Million, Prosecutors Say

The U.S. charged 36 people in a take-down of an international cybercrime ring that prosecutors say used the slogan “In Fraud We Trust” and stole $530 million with the help of pilfered identities and malware. The Justice Department on Wednesday announced the racketeering conspiracy along with the
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A Strong Dollar Is Just What the US Needs

Until recently, President Donald Trump had wanted a weaker dollar because he romanticizes manufacturing. A weaker currency has been a temptation for world leaders since the early days of industrialization, as it's generally believed it will provide a boost to exports and stimulate the economy in the
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Housing market is still sluggish – with no sign it will pick up any time soon

Low levels of activity in the sluggish housing market are set to continue, according to the Royal Institution of Chartered Surveyors. New buyer inquiries fell for the 10th consecutive month in January, and the number of newly agreed sales also slumped in its monthly residential market survey, which acts
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Company says it will cut 500 jobs at Iowa City plant

IOWA CITY, Iowa (AP) — Procter & Gamble has announced it plans to cut 500 jobs over about two years at an Iowa plant as it shifts production to a new factory in West Virginia. The Press-Citizen reports that the Iowa City plant's production of shampoos, conditioners and body washes will be transferred
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Pembina Pipeline Corp (NYSE:PBA) Position Raised by Gulf International Bank UK Ltd

The fund owned 164,281 shares of the pipeline company's stock after buying an additional 39,697 shares during the quarter. Gulf International Bank UK Ltd's holdings in Pembina Pipeline were worth $5,947,000 at the end of the most recent quarter. Other hedge funds and other institutional investors
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Thing to Do before Closing on a House

When buying a house, you must assure yourself that it has a clean title (that it's free from doubt as to its validity). In other words, it should be free of any liens, judgements, assessments or unpaid taxes. You can have this information checked by hiring a title company. Firstly, an attorney will take a research
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Nationwide predicts strong finish to year despite lending drop

Nationwide said it expected a strong end to the year for gross lending with reservations of mortgage products in its third fiscal quarter well above the previous year, despite another significant drop in net lending amid fierce industry competition. Net lending for prime mortgages, which include most
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Rental housing market on fire in Las Vegas

“The housing rental market is very very hot right now,” said Starks. She says it's always been hot but even more so in the past couple years in Las Vegas. She says the most popular type of home people want to rent is a 3 Bed / 2 Bath in good condition. Most times, the homes don't even make it to the
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The Future of Banking

Banking is and has been overdue for a makeover. For the most part, the majority of the banking industry is still antiquated but thanks to technological advances in the last couple of years, this is starting to change. I remember not so long ago standing in line for over 20 minutes to open my first bank
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Residential Lending Appraisal Review Team (ART)

Description This position is responsible for managing the daily activities and workflow for the Appraisal Review Team (ART), for the Residential Lending Division. The position requirements include, but are not limited to: ensuring compliance to appraisal, lending and regulatory guidelines and standards.
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Nationwide sees dip in mortgage lending but looks for "strong" final quarter

At its half-year results in November Nationwide warned of the likely dip in its mortgage lending amid intense competition. The building society said it will “prioritise quality over volumes” in its lending rather than chasing market share, which could potentially leave it exposed if economic conditions turn.
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App-only bank Monzo in early talks to enter US and take on banking giants

U.K. app-only bank Monzo is in early stage talks to expand to the U.S., CEO Tom Blomfield told CNBC. Blomfield said the company is in the “very very early stages” of exploring the market and has had preliminary talks with U.S. regulators about acquiring a license. Expansion into the U.S. would pit
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Co-signing a mortgage can help out a friend, but amps up your risk

You'll likely take on a significant amount of mortgage debt, have to budget for a few upgrades or repairs, and possibly be burdened by a drop in the property's value. But the rewards tend to be greater: a place to call your own, and the opportunity to increase your wealth by building up home equity.
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Stocks plunge as market enters 'correction'; Philly celebrates first Super Bowl title (10 Things to …

The company beats Wall Street's cautious expectations with its first quarterly profit in history — but that isn't going to solve the company's broader problems any time soon. 10. HOW CLEVELAND IS RETOOLING FOR STRETCH RUN. The Cavs completely change their look — and perhaps their chances of
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DBS gifts staff limited edition jewellery to mark golden jubilee

The DBS Sparks collection is one of several anniversary initiatives to be rolled out in celebration of the bank's golden jubilee this year. On the back of a 31 per cent surge in fourth-quarter earnings to a record S$1.19 billion, DBS on Thursday proposed a final dividend of 60 Singapore cents a share for
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Dutch housing market rumbles on: even higher price hike expected in 2018

In 2017 house prices in the Netherlands rose on average 7.6% as sales reached new heights. For 2018 we expect that prices will increase even faster, making owner-occupied homes accessible for fewer people.
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North Koreans Chat About Cold Weather, Smoking: Olympic Update

South Korean President Moon Jae-in shook hands and had a photograph taken with the head of the North Korean delegation at a reception Friday ahead of the opening ceremony for the Pyeongchang Winter Olympics. The greeting with Kim Yong Nam, the isolated nation's ceremonial head of state,
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Senate Passes Delayed Budget Deal in Bid to End US Shutdown

The Senate passed a two-year budget agreement early Friday that would boost federal spending by $300 billion and suspend the debt ceiling for a year, as lawmakers sought to end a partial government shutdown that began at midnight after Congress missed a funding deadline. The measure passed
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Never Compromise on UK's Brexit Demands, May Tells Team

After last year's disastrous election result, U.K. Prime Minister Theresa May was described as a dead woman walking. Yet despite numerous mishaps, she still refuses to accept she's finished. Now May is taking the same determination that has kept her in office against the odds into the latest chapter in
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Xinyuan Real Estate Co., Ltd. Announces Fourth Quarterly Dividend for 2017

Xinyuan Real Estate Co., Ltd. Announces Fourth Quarterly Dividend for 2017

BEIJING, Feb. 9, 2018 /PRNewswire/ — Xinyuan Real Estate Co., Ltd. (“Xinyuan” or the “Company”) (NYSE: XIN), an NYSE-listed real estate developer and property manager operating primarily in China and also in other countries, today announced that its Board of Directors has declared a cash
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SEB: Nordic banking sector to explore common payment infrastructure

A group of major Swedish, Danish, Norwegian and Finnish banks is currently exploring the possibility of establishing a pan-Nordic payment infrastructure supplemented by common products. The vision is to create, within the Nordics, the worlds' first area for domestic and cross-border payments in
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Mortgage rates up for Friday

Multiple closely watched mortgage rates climbed higher today. The average rates on 30-year fixed and 15-year fixed mortgages both were higher. The average rate on 5/1 adjustable-rate mortgages, or ARMs, the most popular type of variable rate mortgage, also increased. Mortgage rates are constantly
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Knock at Technical analysis on Pennsylvania Real Estate Investment Trust (PEI)

On Thursday, Pennsylvania Real Estate Investment Trust (PEI) made the way into the market negative movers list with falling -4.98%. PEI reported a change of -9.49% over the last week and performed -15.39% over the last month while its year to date (YTD) performance revealed an activity trend of
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Why Companies That Give Back Also Receive

My organization, research and consulting firm Great Place to Work, just published the list of these vanguards of volunteering in partnership with Fortune. And a key lesson from them is that it is in giving that we receive—and richly so. Charitable, philanthropic efforts on the part of employees and
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Adani's Giant Australian Coal Mine Takes Hit as Rail Plan Axed

The Indian conglomerate trying to build one of the world's largest coal mines has already had its own funding bid for a rail line stymied by the Queensland state government. Now, a funding proposal for another line that could carry its coal to the coast for export has been canned. Rail operator Aurizon
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Ford of Europe applies for German banking licence amid Brexit uncertainty

FRANKFURT, Feb 9 (Reuters) – Ford of Europe said it has applied for a German banking licence in case the carmaker's British bank is no longer allowed to offer services on a pan-European basis after Britain leaves the European Union. “The reason that Ford Credit Europe has submitted an application
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PennyMac Mortgage posts 4Q profit

WESTLAKE VILLAGE, Calif. (AP) _ PennyMac Mortgage Investment Trust (PMT) on Thursday reported fourth-quarter net income of $34.6 million. The Westlake Village, California-based company said it had net income of 50 cents per share. Earnings, adjusted for pretax gains, came to 32 cents per share
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Winter Olympics, Rob Porter, Nancy Pelosi: Broadsheet Feb. 9

Fortune's Rachel King explains: “Protests had been breaking out all the way up to last Sunday's friendly match against Sweden. The Korean team lost, but only by a score of 3-1, which commentators argued wasn't a bad showing given that the new team only had a few days to train together. (There's also
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Mid America Mortgage CEO Jeff Bode Recognized by MPA in '2018 Hot 100'

ADDISON, Texas, Feb. 8, 2018 (SEND2PRESS NEWSWIRE) — Mid America Mortgage, Inc. (Mid America) announced today that owner and CEO Jeff Bode has been honored by Mortgage Professional America (MPA) magazine in publication's sixth annual Hot 100 list of mortgage industry professionals
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Gunmen rob lending firm

A LENDING firm lost P160,000 in a robbery in the province of Zamboanga Sibugay, the police said Friday. Chief Inspector Helen Galvez, Police Regional Office-Zamboanga Peninsula information officer, said the incident occurred around 4:50 p.m. Thursday, February 8, at the Office of Duane John
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Trump's Palestine deal is a real estate transaction

The peace proposal that Trump likes best and that his son-in-law and special Middle East adviser Jared Kushner is reportedly pursuing together with Saudi Crown Prince Mohammed bin Salman looks remarkably like a real estate transaction. Unsurprising given that the 36-year-old Kushner has no
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Overnight fire guts downtown buildings in Vinton, Iowa

The Des Moines Register reports that 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
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How to Become a Successful Real Estate Agent

Being a successful real estate agent means keeping up with the industry. If you educate yourself about new issues and trends in real estate, you will be able to provide quality information to your clients. Potential buyers will often come to you with questions about things like current mortgage rates, and
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One of California's Most Vocal #MeToo Advocates Has Been Accused of Sexual Harassment

California Assemblywoman Cristina Garcia, chair of the Legislative Women's Caucus and a leading figure in the state's #MeToo movement against sexual harassment, has herself been accused of groping a former legislative staffer, according to a Politico story published Thursday.
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Banks set to raise lending rates, should you be worried?

HDFC Bank, India's second-biggest bank by assets, became the first lender to increase lending rates by 10 basis points and reports suggest other banks are likely to follow suit. The hike in lending rates comes just days after the Reserve Bank of India left its key policy rate unchanged to “carefully” nurture
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US Stock-Index Futures Fluctuate as Week of Woe Draws to Close

U.S. stock-index futures fluctuated at the end of a week that has seen key benchmarks enter a correction. Contracts on the S&P 500 Index expiring in March swung between gains of 0.9 percent and losses of 0.4 percent, before trading 0.2 percent higher as of 12:05 p.m. in London, while those on the
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Aide's Departure Casts a Harsh Light on Trump's Chief of Staff

The sudden resignation of one of President Donald Trump's top aides amid allegations of domestic abuse raised fresh questions about chief of staff John Kelly's ability to bring a tumultuous White House under control. The episode risked tarnishing Kelly's reputation for running a tight ship and possibly
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This Nob Hill co-op offers Coit Tower views worthy of Hitchcock

Cue the Vertigo again: now, that price in $1,050,000, with an HOA fee of $1,049 per month. Anna Marie Erwert writes from both the renter and new buyer perspective, having (finally) achieved both statuses. She focuses on national real estate trends, specializing in the San Francisco Bay Area and Pacific
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John McGrath Denies Rumours of Lending Facility Funding His Gambling Habits

The Australian entrepreneur John McGrath finally decided to respond to the rumours related to his expensive gambling habit and particularly to its funding. Today, he issued a statement to the ASX, denying that a $100-million lending facility funding his gambling habit existed. At the end of the previous
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What the new tax law will do to your mortgage interest deduction

What the new tax law will do to your mortgage interest deduction

None of this home mortgage interest stuff matters unless you have enough 2018 itemized deductions to exceed your standard deduction. That will be the case for fewer folks than under prior law, because the TCJA almost doubled the standard deductions for 2018 compared to 2017. The 2018 standard
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Lifting standards in the Kigali real estate market

At the moment, there are sellers and landlords who see the value in lowering prices but there are those who hold steadfast even if the property remains on the market for over a year. Caught in the middle are real estate agents trying to appease respective clients who believe the position they hold is the
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Hindu fortune telling

What about your experience with any one of them?? i met a fortune teller once, Not sure if he is alone or with a group but I was just sitting in Starbucks at the gate and was the target of a roaming Hindu fortune teller. But can the future be truly foretold? The question is highly debatable. Astrology services
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Here's another sign that Australia's east coast housing market is slowing down

In Sydney, Australia's largest and most expensive housing market where prices are now going backwards, it took an average of 42 days to sell, up sharply from 34 days in December 2016. In February 2017, just before APRA introduced tougher restrictions on interest-only lending, it was only taking an
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Honeywell International Inc. (HON) Holdings Boosted by Cetera Advisors LLC

Cetera Advisors LLC raised its position in Honeywell International Inc. (NYSE:HON) by 18.8% during the 3rd quarter, according to the company in its most … Deutsche Bank restated a “buy” rating and issued a $171.00 price target on shares of Honeywell International in a research note on Tuesday,
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Warburg Pincus Picks Up $395M Stake In Fiserv Lending Biz

Law360 (February 7, 2018, 5:55 PM EST) — Warburg Pincus LLC said Wednesday it will pay financial services technology company Fiserv Inc. $395 million for a majority stake in its Lending Solutions business, which encompasses the fintech company's automotive, mortgage and consumer loan
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Banking had its #MeToo moment two decades ago: CIT's Alemany

As the #MeToo movement has swept the country, bringing to light claims of sexual harassment against powerful men in media, politics and other industries, banks have largely avoided the spotlight. Ellen Alemany, the chairwoman and CEO of CIT Group in New York, believes it's because banks
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Jabbour named Black Knight Inc. chief executive officer

Jabbour has been with Fidelity National Information Services, or FIS, since 2004 and most recently was chief operating officer of the banking technology company. Black Knight is a mortgage technology company and its business was once a part of FIS. Both companies were spun off from title insurance
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In C-Suite Role Without Path to Top, Women Hold Over 50% of Jobs

In corporate America, men still hold the vast majority of executive-level jobs — with one notable exception. At nearly 60 percent of the 100 biggest U.S. companies by revenue, the chief human resources officer is a woman, according to new data from Russell Reynolds Associates. Last year, women made
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Australian regulator gets powers to cap bankers' pay

SYDNEY • Australia has given its financial regulator sweeping powers to cap the pay of bank bosses, delay their bonuses, and even ban them from the industry if they are found guilty of non-compliance, as it scrambles to restore trust in the scandal-hit sector. The move underscores the immense
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Housing market activity got off to a subdued start in 2018, say surveyors

The housing market is seeing contrasting trends – with sellers of top-end homes particularly struggling to achieve asking prices while in many places conditions are “solid but unspectacular”, according to surveyors. In general, housing market activity got off to a subdued start in 2018, as new buyer
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UK Housing Market Stays Stuck in Low Gear

The Royal Institution of Chartered Surveyors said Thursday its national gauge of prices remained at eight last month — a level consistent with a marginal increase in prices. Values in London continued to fall, the survey suggested, as more expensive parts of the capital experienced tougher conditions.
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Movement Mortgage implements LBA Ware technology to streamline compensation calculation

Lori Brewer is founder and CEO of LBA Ware, a Macon, Ga.-based startup in the financial technology space. LBA Ware™, a leading provider of automated compensation software and systems integration solutionsfor mortgage lending and retail banking, said South Carolina-based Movement Mortgage
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Stock Focus: Freddie Mac Pfd Z (FMCKJ) Lower -5.83% Over the Last Month

After a recent check, we have noted that Freddie Mac Pfd Z (FMCKJ) shares have dropped -5.83% lower over the past 4-weeks. Checking on performance over the last 5 trading days, shares have changed 2.73%. For the last 6-months, shares have changed 19.49%. Over the last full year, shares have
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Walker & Dunlop Lends $82M on San Diego Seniors Living Complex

Walker & Dunlop has been extremely active in the agency lending space, riding Fannie and Freddie Mac's tidal wave of multifamily originations and registering in as the number one Fannie Mae DUS (Delegated Underwriting and Servicing) lender by volume in 2017—the firm ranked second in 2016.
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Delinquencies Up for All Loan Types; FHA Loans Hardest Hit

The National Delinquency Survey (NDS), a quarterly measure of mortgage performance from the Mortgage Bankers Association (MBA), found delinquencies in the fourth quarter of 2017 had increased both quarter over quarter and year-over-year. The NDS findings echo those from Black Knight which
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2018-2020 Enterprise Housing Goals

​SUMMARY: The Federal Housing Finance Agency (FHFA) is issuing a final rule on the housing goals for Fannie Mae and Freddie Mac (the Enterprises) for 2018 through 2020. The Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (the Safety and Soundness Act) requires FHFA
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80-10-10 Loan: When Two Mortgages Can Save You Money

Lenders require private mortgage insurance when the conforming loan is for more than 80% of the home's value. (Here's a full explanation of PMI.) An 80-10-10 loan takes advantage of a loophole in the mortgage lending rules because the primary mortgage is for 80% (or less) of the home's price.
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Metro Vancouver housing prices up 48 per cent since 2010: CMHC

A 48 per cent hike in Vancouver housing prices from 2010 to 2016 is being partly driven up by homebuyers bidding a higher price for a property because they believe foreigners are investing in the market, according to the CMHC. In a wide-ranging report released Wednesday that examined escalating
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Lending 'library of things' opening in Kitchener

KITCHENER— “Caring is sharing” is the model of the KW Library of Things, set to open later this month. The innovative lending library has an inventory of infrequently used items such as tools or camping equipment for people to borrow. “The ideal person who would borrow from the library is really
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Nationwide predicts strong end to year despite dip in third quarter mortgage lending

Nationwide predicts strong end to year despite dip in third quarter mortgage lending

Nationwide Building Society PLC (LON:NBS) said expects a strong end to the year despite reporting a drop in mortgage lending in the third quarter. Mortgage lending fell to £24.1bn in the third quarter from £26.2bn the same period a year ago amid a slowdown in the housing market. Profit fell to
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Keeping Up on Chartwell Seniors Housing Real Estate Investment Trust (CSH-UN.TO)'s …

Values above 70 are signs of a strong trend for either component, while values that are less than 30 show that primary trend is weakening and opposing trend is picking up. Diving into some additional numbers, presently, Chartwell Seniors Housing Real Estate Investment Trust (CSH-UN.TO) has a
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Facility & EHS Engineer / Asst Manager – Fortune 250 MNC | West

AtomRecruit Pte. Ltd. is hiring Facility & EHS Engineer / Asst Manager – Fortune 250 MNC | West | S$5000. Company Industry: Manufacturing. Company Size: 1 – 50 Employees. Career Level: Min 5 year(s) (Middle).
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Kenanga maintains ourperform on BIMB

The bank is expected to raise its personal financing contribution from 30% to 50% with mortgage financing reduced to 50% from 70% as the former has a better financing rate. Net financing margin (NFM) will be further supported with a focus on trade financing, which has greater stability despite lower
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Travis Kalanick Stands Up to Google at Waymo-Uber Trial

Bloomberg's Joel Rosenblatt reports on former Uber CEO Travis Kalanick's testimony in the Waymo-Uber trial. Ultimately, Travis Kalanick stayed on message for Uber. In almost three hours of testimony, Uber Technologies Inc.'s ousted chief executive was largely successful in deflecting Alphabet Inc.'s
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Morrison seeks stroke of fortune after injury nightmare

Morrison seeks stroke of fortune after injury nightmare. Wednesday, February 07, 2018 11:36 p.m. EST. FILE PHOTO – Canada's Denny Morrison reacts after he competed during the men's 1000m speed skating ISU World Cup Speed Skating Final competi. By Simon Jennings. GANGNEUNG, South
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US, International Law Enforcement Shut Down Massive Cybercrime Marketplace

In a media call announcing the arrests Wednesday morning, Deputy Assistant Attorney General David Rybicki described the Infraud Organization as a global forum for buying and selling stolen payment card data, financial information, Social Security numbers, personal identity data, malware, and other
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Schroders Real Estate beefs up team with new addition

The U.S. real estate team of Schroders has named David Sullivan as head of strategic partnerships, North America. Previously … Most recently, he was a Senior Director at Baring Real Estate Advisers, focused on raising capital for a range of funds, separate accounts and club deals. Duncan Owen
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Saudi plan to stoke real estate boosted as price drop slows

In its report, Knight Frank found that the volume of real estate transactions in the Saudi capital, Riyadh, climbed 15pc in 2017, while the value of deals fell 3pc, less than the 16pc decline the previous year. Apartment prices in the capital meanwhile rose 36pc last year, driven by demand for smaller
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REITs Routed as Traders Flee Real Estate Faster Than Stocks

The FTSE NAREIT U.S. Real Estate Composite Index closed Tuesday afternoon down more than 8.6 percent for 2018, trailing the S&P 500, which has lost about 7 percent of its value since New Years Day. That follows the pattern of the last 365 days, which have seen the broader U.S. stock market up
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Title company signs up for Vancouver office space

Gramor Development's Waterfront project in Vancouver, Washington, has secured a major office tenant.
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New online technology speeds home loan approval

Known as Flash Mortgage, the online mortgage service goes live Thursday with a new technology that offers many of the online features of services such as Quicken Loans' Rocket Mortgage combined with mortgage loan officers at Atlantic Capital Bank offices, including the mortgage operations in
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London's Housing Market Is Falling Down, Falling Down

London's housing market is set for another dreadful year. According to Business Insider, prices in the capital remain firmly in negative territory. Economist Simon Rubinsohn said, “Divergent regional trends remain very much to the fore.” He explained that affordability issues are playing a key role in the
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Senior Business Analyst

Job Description. Senior Business Analyst – Lending. What We Do: Temenos Group is a market leading banking software provider, partnering with banks and other financial institutions to transform their businesses and stay ahead of a changing marketplace. Headquartered in Geneva and with more than
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Columbus' Own: Fortune Orange blends genres for high-energy sound

When alumni Sam Miller and Ryan Hauldren met freshman year through Ohio State's Freestyle Rap and BeatBox Club, they had no idea they would become the high-energy, six-piece band Fortune Orange. The two began working on music together, united by their love of rap, until their junior year when
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Form N-MFP2 SEI DAILY INCOME TRUST For: Jan 31

XXX LB783942 B1V7KEBTPIMZEU4LTD58 2034-05-01 5.047000 47837.00 236.28 Agency Mortgage-Backed Securities FREDDIE MAC GOLD 2047-02-01 3.500000 31253364.00 29556600.89 Agency Mortgage-Backed Securities 2 3/4 BOND 47 2047-08-15 2.750000 24900.00 24078.40 U.S.
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No 'new year, new me' for the UK housing market

The UK housing market has started the new year off in a similar fashion to the closing stages of 2017, according to the January 2018 RICS UK Residential Market Survey.
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Seminar to offer solutions for ag lending crisis

Mary Jo Irmen, author of “How to Farm Without the Bank,” will host a seminar Saturday in Grand Island to discuss alternate means of financing for farmers. Irmen says farmers shouldn't need to rely on a bank to support their livelihoods. “Agriculture is a pillar of our country, but often our family farmers and
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11826 Fortune Park Dr For Rent – Houston, TX

11826 Fortune Park Dr, Houston, TX is a 3 bed, 2 bath, 1913 sq ft Single-family home available for rent in Houston, Texas.
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Tesla Averts Cash Crunch as Musk Mystique Makes Up for Late Cars

Tesla Inc. put to rest a chorus of concern that it was going to need to raise more money soon, thanks in part to the salesmanship of its CEO. The company's cash balance barely budged last quarter even as it struggled mightily to make Model 3 sedans. Paying customers are supporting Tesla through its
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LA Man Indicted in International Cyberfraud Ring

LA Man Indicted in International Cyberfraud Ring

Under the slogan “In Fraud We Trust,” according to the indictment, the crime ring grew to nearly 11,000 members and became a premier destination for carding – or the buying of online goods with counterfeit or stolen credit card information. The group's crimes included an escrow service for illicit digital
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Stock Down -13.30% Over the Last Month: Pennsylvania Real Estate Investment (PEI)

At the time of writing, the 14-day ADX for Pennsylvania Real Estate Investment (PEI) is 19.99. Many technical chart analysts believe that an ADX value over 25 would suggest a strong trend. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend
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MBA: Mortgage Applications Inched Up Slightly

After decreasing 2.6% the previous week, mortgage application volume inched up 0.7% on an adjusted basis during the week ended Feb. 2, according to the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey. Applications for refinances increased 1% while applications for
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Price Performance Review on Shares of Real Estate Bear 3X Direxion (DRV): Move 25.71%

Currently, the 14-day ADX for Real Estate Bear 3X Direxion (DRV) is sitting at 21.56. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead
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Real estate investment trends to watch out for this year

Real estate investment trends to watch out for this year … “Investors remain enthusiastic about the Canadian commercial real estate market after a record volume of transactions in 2017,” Morguard director of research Keith Reading said during the release of the 2018 Canadian Economic Outlook and
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Why You Need To Look At This Factor Before Buying Zhidao International (Holdings) Limited (HKG …

If you are looking to invest in Zhidao International (Holdings) Limited's (SEHK:1220), or currently own the stock, then you need to understand its beta in order to understand how it can affect the risk of your portfolio. Generally, an investor should consider two types of risk that impact the market value of
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Q Smart Limited – Analyzes Global Investment Trends for 2018

Real estate, which has benefitted from sustained growth across the EU, is underpinned by strong fundamentals and attractive spreads, thanks to higher yields than in euro fixed income markets. Q Smart's analysts continue to favor these markets given the quality of support and the listed companies'
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Banking royal commission to hear cases like Amy's: 22yo, new job and a car loan in minutes

The royal commission — the one the Government still doesn't want — opens its doors on Monday, February 12, and is sure to hear more harrowing stories of bad behaviour by banks. It's officially known as the Royal Commission into Misconduct in the Banking, Superannuation, and Financial Services
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$4 billion funded: Mortgage pro shares secrets to success

$4 billion funded: Mortgage pro shares secrets to success … Power Originator: How long have you been in the mortgage business, and how did you get your start? … MB: Using social media such as Facebook (business page), Linkedin and Twitter along with leveraging Caliber's digital mortgage, too.
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Goldman's Apple Foray Ups the Ante on Main Street

This type of “point-of-sale” lending has the potential to be lucrative for Goldman, even if it succumbs to the promotional zero-interest program that's already in place for Apple iPhone upgrades. 1 For other Apple products, Marcus could extend its current practice of making loans at an average interest rate
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The hidden mortgage cost 'unaddressed for too long'

Buyers forced to stump up for lenders mortgage insurance (LMI) can unwittingly have to pay the often hefty cost again when choosing to seek out a better loan deal. LMI is typically paid when a buyer has a deposit of less than 20 per cent, with the average premium $6500, according to a new Productivity
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Canada's housing market flirts with disaster

Stephanie Clark does not want to leave New Westminster, a town about 45 minutes south-east of Vancouver where she was born and raised and, two years ago, had a baby. But she fears she will have to, driven out by a property market that seems to have lost touch with reality. The two-bed
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Hedge Funds Had Best Returns in Seven Years Before Turmoil

Hedge funds recorded their strongest monthly gains in more than seven years in January, before turmoil shook global markets this month. Funds gained an average 2.7 percent last month on an asset-weighted basis, according to Hedge Fund Research. That's the best performance since December
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Climbing Mortgages Rates Tempered by Market Volatility

The average prime 30-year fixed mortgage rate quoted on Zillow increased about 12 basis points between last Wednesday and Monday morning, before giving up about half that increase by mid-week. Over the weekend, rates matched their highest levels since September 2014. Rates are now up
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Can Australian homeowners handle higher rates?

… households to borrow more and drive house prices higher. Despite higher levels of household debt, Australians' level of mortgage stress is quite low. But what if interest rates go up? Ashley Burtenshaw from Gryphon Capital Investments addresses this question in the video and edited transcript below.
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32/27 Fortune Street, Coomera QLD 4209

32/27 Fortune Street is a house for sale in Coomera QLD 4209. View more about this property and browse similar listings in Coomera on Allhomes.com.au.
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Mortgage rates fall as Reserve Bank holds OCR at 1.75%

Two major banks have moved to cut one-year mortgage rates as the Reserve Bank holds the official cash rate steady at 1.75 per cent saying monetary policy will “remain accommodative for a considerable period”. Bank of New Zealand today said it had cut 20 basis points from its one-year fixed-term
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Authorities arrest woman accused of stealing thousands of dollars in land scam

A check should always be to a title company, never a real estate agent. “When someone is filling a contract, whether they are buying a home or getting an offer on a home, keep in mind these are Texas forms written by the Texas Real Estate Commission or Texas Association of Realtors, so you will see
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HDFC Bank hikes MCLR-based lending rate by 10 basis points

HDFC Bank has hiked its marginal cost of funds based lending rate (MCLR) by 10 basis points across the six month, one-, twoand three-year buckets, in yet another sign that bank lending rates are on the way up. HDFC Bank follows its private sector peers Axis, Kotak Mahindra, IndusInd and Yes Bank
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No buyers for Sahara's Aamby Valley, SC told

Sahara Group's flagship property Aamby Valley near Pune can't be sold as there were no buyers, the Official Liquidator today told the Supreme Court. … No buyer has come forward despite advertisements given in national and international newspapers,” the counsel representing the Official Liquidator
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Warburg Pincus Acquiring Majority Interest in Fiserv's Lending Solutions Business

Warburg Pincus Acquiring Majority Interest in Fiserv's Lending Solutions Business

Private equity firm Warburg Pincus is buying a 55% share of Fiserv's mortgage lending solutions business for approximately $395 million. Fiserv will retain a 45% equity interest in the business. The joint venture, which is still subject to approvals, will include all of the automotive loan origination and
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Berlusconi's Key Ally Bristles at Playing Second Fiddle in Italy

Silvio Berlusconi's most important ally signaled he may not be content with the role of junior coalition partner as the prospect of an unexpected majority following Italy's election next month fueled tensions within their alliance. Matteo Salvini, 44, who leads the anti-migrant and euroskeptic Northern
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Wealth creation officers (group lending)

Apply for the Wealth creation officers (group lending) vacancy at Musoni Kenya Ltd (Musoni Next Generation Microfinance) today! Subscribe to alerts for similar jobs from top companies and employers.
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JG Wentworth: Home Lending Journey

Lock in a Low VA Mortgage Rate Today! We offer low rates for U.S. veterans and active military. Buy a home with $0 down. Refinance up to 100% of your home's value. No points. No hidden fees. What is your mortgage goal? Buy a Home Refinance. J.G. Wentworth has an A+ rating from the Better
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Merkel's Fourth Term Now Rides on Germany's Changing Rust Belt

They're hiring in Duisburg, an old German industrial city that boasts the world's biggest inland port. These days, those vacancies increasingly mean jobs for software professionals, not stevedores or steel workers, the working-class aristocracy that once reigned along the banks of the Ruhr. That digital
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MassHousing Provides $14.3 Million Financing for a Non-Profit Developer

The Commonwealth's Section 13A program was created by the Massachusetts Legislature in the 1970s to provide low-interest mortgage financing to affordable housing communities. Today, 13A communities serve some of the lowest-income and most vulnerable populations in Massachusetts, including
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UK housing market gets off to subdued start in 2018, estate agents say

Sales, new buyers and properties coming on to the market all fell in January. Photograph: Dinendra Haria/Rex/Shutterstock. Britain's housing market got off to a subdued start in 2018, with sellers of £1m-plus homes in London finding it toughest to find buyers in January, according to a survey of estate
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Ginnie Mae to take action against predatory lenders that target veterans

WASHINGTON — Two weeks ago, Ginnie Mae warned lenders would be disciplined for aggressively targeting and pressuring veterans to refinance their home loans. Later this week, the government corporation plans to take action. Ginnie Mae, formally known as the Government National Mortgage
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Senior Housing Properties Trust (NASDAQ:SNH) And The Real Estate Sector Outlook 2018

Senior Housing Properties Trust (NASDAQ:SNH), a US$3.91B mid-cap, is a real estate company operating in an industry which is the most prevalent industry in the global economy, and as an asset class, it has continued to play a crucial role in the portfolios of various investors. Real estate investment
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NJ governor names banking and insurance acting commissioner

New Jersey Gov. Phil Murphy has appointed Marlene Caride as acting commissioner of the New Jersey Department of Banking and Insurance. Ms. Caride will remain acting commissioner until confirmed by the New Jersey State Senate, according to a department spokesperson. Her appointment was
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How Far Will Economic & Wage Growth Push Housing Demand?

Existing home sales ended the year 2017 with 1.1% gain, the highest since 2006. Building permits increased 4.7% and housing starts rose 2.4% in 2017 from the 2016 figure. The industry advanced almost 69% in 2017, outperforming the broader market's (S&P 500) growth of 19.7%. Moreover, January
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Region's housing market remains flat in January amid small drop in prices

During the month respondents in the region continued to see a pick-up in the flow of new properties coming to the market, but nationally the pipeline for instructions going forward does not appear to be improving, RICS said, with 10% more respondents saying the number of valuations undertaken in
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Avoiding Fraud: Key Practices in Real Estate

Whether by compromised data, cracked passwords or phishing, real estate is a target. More and more, homebuyers and sellers—and the practitioners who serve them—are reporting theft via wire fraud, in which criminals access emails, learn of a pending transaction, and then message phony wiring
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Real estate ITM identifies property transactions services, facilities management for transformation

IN a bid to future-proof the real estate sector, the government is rolling out a series of initiatives focused on facilities management (FM) and property transaction services. The plans are aimed at helping companies in these areas embrace innovation and technology, while raising the professionalism and
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Mulvaney Takes Heat for Handling of Equifax Probe

(CN)-Mick Mulvaney, director of the Office of Management and Budget, continued to scale back regulatory efforts in the finance industry, so the Center for Responsible Lending held a media call Wednesday to address how Mulvaney's actions within the Trump Administration could affect current and
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'Good' customers to get cheaper loans as banks fall into line

Borrowers with good credit histories will be able to get cheaper loans after the government forced the big four banks to share more data on their customers' credit histories. Treasurer Scott Morrison on Thursday introduced draft legislation mandating a system known as “comprehensive credit reporting”
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5 Reasons Commercial Real Estate Pros Should Pay Attention To The Cook County Assessor's Race

This includes making all data sets used for assessing properties, from property details to sales and rent rolls, available online. Kaegi is campaigning as someone with a better understanding of how the real estate market values properties, and said he will be able to produce more accurate assessments.
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Without mortgage brokers, banks would still be 'dictators': FBAA

Mortgage brokers smashed the bank “dictatorship” on home loans in the 1990s to give Australians cheaper finance and the industry continues to serve the nation well, the Finance Brokers Association of Australia says. “Take mortgage brokers out of the market place and you set the clock back 30 years,
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Investors Title Company (ITIC) Moves Higher on Volume Spike for February 07

Investors Title Company (ITIC) traded on unusually high volume on Feb. 07, as the stock gained 2.07% to close at $191.89. On the day, Investors Title Company saw 3,469 shares trade hands on 100 trades. Considering that the stock averages only a daily volume of 2,111 shares a day over the last
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Proposed initiative to limit new housing on Front Range ignites fears in real estate industry

A ballot measure to cap home and apartment construction along Colorado's Front Range is undergoing a formal state review, setting off alarm bells with real estate agents and homebuilders. “This will bring our economy to a halt. You don't bring affordability to a market by reducing supply,” Scott Thorson,
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