Nirav Modi fraud: Jewellery makers fear after Rs 11000-cr PNB scam banks may slash lending to …

Nirav Modi fraud: Jewellery makers fear after Rs 11000-cr PNB scam banks may slash lending to …

Kolkata: Jewellery traders and exporters are apprehending that “ripple effects” of the $1.8 billion fraud involving billionaire diamond trader Nirav Modi's companies could make lenders more cautious and impact credit flow to the industry to some extent, officials said here on Friday. However, they also
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Commercial Real Estate

The work of surveyors in this area covers all types of real estate used for business purposes. The principal sectors within commercial real estate are retail, office, industrial and leisure.
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Alabama agency expands footprint

Reli Settlement Solutions, Alabama's largest real estate title and settlement company, has opened two new offices and hired additional executive staff … Read on to learn where the companies new branch offices are located, who will manage team, and who the newest members of its executive team are.
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A Russian Oligarch Walks Away From His $8 Billion Empire

In 1998, Sergey Galitskiy opened a small grocery in his hometown of Krasnodar, 800 miles south of Moscow. Over the next two decades he expanded that modest operation into an empire with almost $20 billion in sales and 16,000 stores across Russia, amassing a fortune valued at some $5 billion in
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Qualcomm Rejects Broadcom's Offer, Says Open to More Talks

Qualcomm Inc.'s board said discussions with Broadcom Ltd. failed to persuade the chipmaker to sign off on a $121 billion takeover offer, making it more likely shareholders will get to decide on the fate of the deal. At the same time, Qualcomm said it found the meeting on Wednesday to be “constructive,”
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January housing numbers show Wichita still a seller's market

Home sales continued to be strong in the Wichita area in January, according to a new South Central Kansas Multiple Listing Service report. Released on Friday, the report shows that home sales in the south central Kansas region rose by 3 percent last month when compared to January 2017 numbers.
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East Hill Real Estate Group Jobs

1-Click Job Application allows you to apply to 1+ jobs at EAST HILL REAL ESTATE GROUP! Find career vacancies near you that are hiring now on ZipRecruiter.
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National MI takes a 4Q loss because of tax reform

NMI Holdings set a record for new insurance written in the fourth quarter, but reported a net loss for the period due to tax reform. The company had a net loss of $1.8 million for the quarter, compared with net income of $59.7 million one year prior. During the fourth quarter, it recorded a one-time noncash
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Fintech-friendly Cross River Bank partners with PeerIQ on loan data

Cross River Bank in Fort Lee, N.J., has entered into a partnership with PeerIQ, a provider of consumer loan data analytics, in an effort to streamline capital sourcing between online lenders and institutional loan buyers such as small banks. The partnership seeks to combine Cross River's capital,
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US housing starts rebound; permits highest since 2007

Mortgage rates are rising in tandem with U.S. government bond yields on worries about rising inflation. Single-family homebuilding, which accounts for the largest share of the housing market, increased 3.7 percent to a rate of 877,000 units in January. Single-family home construction rose in the South
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Jeb Hensarling challenges Fannie, Freddie regulator for allowing affordable housing payouts after …

House Financial Services Chairman Jeb Hensarling demanded answers Friday from the regulator of Fannie Mae and Freddie Mac for its decision to direct the two bailed-out government-sponsored enterprises to continue making payments to affordable housing trust funds, even though they will need a
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Evolve Names Andreaus National Sales Manager SBA Lending

Evolve Bank & Trust appointed George Andreaus as national sales manager of Small Business Lending (SBA). Andreaus joined Evolve in 2017 as SBA regional sales manager, bringing more than 20 years of financial lending experience to the organization. “Since coming to Evolve last year, George
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Cliff Fischer enjoys wickedly flashy cars. His real estate deals are how he can afford them

Cliff Fischer owns a fleet of ridiculously expensive muscle cars, lives in a mansion and has some of the biggest names in corporate America as clients. Yet the 58-year-old founder and CEO of Fischer & Co. flies under most people's radars. Unless you operate in the commercial real estate world, there's a
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Chevy Chase Trust Holdings Inc. Has $1.02 Million Holdings in Colliers International Group Inc (CIGI)

OxFORD Asset Management LLP grew its stake in Colliers International Group by 12.8% during the third quarter. OxFORD Asset Management LLP now owns 15,877 shares of the financial services provider's stock worth $788,000 after buying an additional 1,802 shares during the period. Dimensional
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SafeChain secures $3 million in funding

In 2018, the company plans to launch a title industry consensus group to explore technical challenges related to Blockchain. “SafeChain's intellectual approach paired with a world-class development team positions them well to execute and deploy Blockchain technology towards a valuable use case,”
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A former Fed insider explains the internal debate over QE3

In September 2012, the Fed began buying $40bn of mortgage bonds issued by Fannie Mae and Freddie Mac each month. This was in addition to the $45bn in longer-term Treasury securities the Fed had already been buying every month as part of the maturity extension programme (MEP), which had
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San Antonio B-Cycle Gets Title Sponsor, Becomes SWell Cycle

San Antonio BCycle is changing its name to SWell Cycle after Steward Health Care System became the title sponsor of the San Antonio Bike Share system. The three-year sponsorship is something bike share organizers tried to secure for several years. Steward Health Care is a Boston-based company
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Home construction jumps 9.7% powered by Northeast

Housing starts, which track new construction, jumped 9.7% to 1.33 million units in January, the strongest month since October of 2016. Lawrence Yun, chief economist at the National Association of Realtors, called the report “terrific news” while adding that the industry still has room to grow.
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Chestnut Ridge: State targets aggressive real estate tactics

The state has proposed creating a cease-and-desist zone in the village of Chestnut Ridge to protect homeowners from overly aggressive real estate sellers and home buyers. A ruling from New York State's Department of State comes more than a year after a hearing at which dozens of residents
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Current Mortgage Rates Ease to Finish Out the Week

It's been another up and down week for bond yields and mortgage rates. Right now, we're looking at rates finishing out the week at levels close to where they started. Inflation concerns are still creating ripples in the markets, and could very well continue to do so next week. It's a volatile market right now
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Real Estate in India: Co-working space may be next growth driver

Real Estate in India: Co-working space may be next growth driver

Industry experts say that co-working is one of the predominant new trends that are having both real-time and long-term impacts on the Indian real estate. The Indian start-up ecosystem is in a boom mode and entrepreneurship is being strongly supported by the government. This has created a huge
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Don't Like Your Mortgage Servicer? Good Luck Trying to Switch

Any one of the sins that Wells Fargo committed against consumers would have been bad enough. There was the unnecessary auto insurance it forced auto loan borrowers to buy. And the data breach where scores of the bank's wealthiest clients woke up to the news that a lawyer for the company had
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National Mortgage Lender PrimeLending Opens New Branch in Killeen, TX

KILLEEN, Texas–(BUSINESS WIRE)–National residential mortgage lender PrimeLending, a PlainsCapital Company, announces the opening of a new office to serve the Killeen metropolitan market. The branch is located at 2301 E. Central Texas Expressway, Suite 104, Killeen, TX 76543.
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Mortgages get more expensive as rates near four-year peak

Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages rose to 4.38 percent this week, up from 4.32 percent last week. That's the highest rate since April 2014. At the start of the year, the average rate was just under 4 percent. The rate on 15-year, fixed-rate loans
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Tech Stocks Greeted by New Realities After Rout

Hedge funds in the aggregate cut their position in Apple Inc. by 7.3 million shares in the fourth quarter. They decreased their position in Facebook Inc. by 5.3 million shares, and sold a net 4.7 million shares of Netflix Inc. They owned 300,000 fewer shares of Amazon.com. Of course, not everyone bailed.
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US import prices and housing starts increase in January

Demand for housing is being driven by a tightening labor market, but rising mortgage rates and house prices could slow the momentum. Despite the unemployment rate being at a 17-year low of 4.1 per cent, annual wage growth has not exceeded 3 per cent. In contrast, the annual house price increase
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Sentinel sells Windsor Terrace rental building for $34M

Sentinel Real Estate Corporation sold a nearly 100,000-square-foot rental apartment building in Windsor Terrace to local landlord Frey Management for $33.7 million, sources told The Real Deal. Frey Management, led by Steven Frey, closed on the purchase earlier this week of the six-story, 83-unit
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Cheap or Expensive Right Now? – Fidelity National Financial, Inc. (FNF), Ryerson Holding …

Fidelity National Financial, Inc. (NYSE:FNF)'s price-to-sales ratio of 1.18 is creating a long-term opportunity in the value in its stock. The broad Surety & Title Insurance industry has an average P/S ratio of 0.66, which is significantly better than the sector's 6.57. In the past 13-year record, this ratio went
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Here Are the Adult Industry Performers and Models With Alleged Ties to Donald Trump

Speaking with Fortune earlier this year, she denied reports she was legally prohibited from discussing the matter. “I never signed an NDA, nor did I take money from him or anyone in his camp for anything, nor did I sell my story to any outlet because that's not what it's about,” she said. “I'm in this for the
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Market Update: Nifty PSU bank drags as Union Bank, PNB shed 1-2%, IT outperforms; HCL Tech …

Infosys and Dr Reddy's Labs were the other gainers. The top Nifty losers included BPCL, Adani Ports, Power Grid, Hindustan Unilever and Axis Bank. The most active stocks included PNB which shed 2.2 percent followed by Fortis which was down 0.5 percent. Infosys, State Bank of India and Jet Airways
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Buying a house? Mortgage rates are near a 4-year peak

If you want to buy a home, you're going to be paying more. The cost of borrowing for a home keeps going up, a potential obstacle to would-be buyers at a time when home prices are at all-time highs in more than half of major U.S. markets. Average long-term mortgage rates have been rising steadily this
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For 21st time, Wegmans named top workplace by Fortune magazine

Once again, Wegmans gains another prestige by Fortune magazine's list of 100 Best Companies to Work For. Wegmans has earned a spot on the top places to work for the 21st straight year. This year, it is No. 2 on the list. The magazine, along with Great Place to Work, unveiled its 100 Best Companies
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Millennials' home ownership hopes dashed by a broken housing market

Speaking to the Conservative Party conference in September 2017, the UK prime minister, Theresa May, gave a stark assessment of the UK housing market which made for depressing listening for many young people: “For many the chance of getting onto the housing ladder has become a distant
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D-FW home foreclosure filing uptick may signal that the slide in mortgage defaults is over

But after the housing market turned the corner and prices began to rise, home foreclosures in the D-FW area quickly fell back to pre-recession levels. Now, with residential values in the area at all-time highs, home foreclosure rates in the area are near record lows. But there are signs that the long slide in
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Donald Trump's Alleged Affair With Playmate Karen McDougal Is Back In the Spotlight

Another scandal about President Donald Trump's history of extramarital affairs has resurfaced. This time, it's about an affair he allegedly had two years into his marriage to Melania—an allegation that Trump's team denied when it was first reported a couple years back, but that now has more evidence to
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Lot marketed at pre-construction price of $19 million with house plan

The Swansons' longtime real estate agent, Jim McCann of Premier Estate Properties, is marketing the property on Via Tortuga. McCann brought the listing with him from the Corcoran Group, where he had a longtime affiliation. He had the land listed — sans the house drawings — at $9.95 million for
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Pima county real estate transactions

Other Arizona locations are in Mesa and Peoria. The space is located at the northwest corner of Oracle and Wetmore and across from the Tucson Mall. Other tenants in the shopping center include Ross, Pier 1, and Longhorn Steakhouse. Roy Drachman of Roy Drachman Real Estate represented the
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The most expensive houses in America are giving owners the worst bang for their buck

Starter home values are rising at a faster clip than luxury homes, according to Zillow. The trend has been in place for at least five years, but signals that the shortage of affordable housing could get worse. Rising values are beneficial to owners of starter homes, but not great for people hunting for an
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No major city has enough affordable housing to meet demand, but how does Seattle stack up?

The agency owns more than 100 properties, and competes on the open market for new acquisitions. One primary goal is to preserve existing affordable housing, particularly in areas that are losing economic diversity as property values rise. In December, KCHA made its largest purchase to date, the
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Roofing Market 2018 Future Trends, Geographic Analysis, Design Competition Strategies and Key …

The increasing investment in real-estate and popularity of eco-friendly roofing has driven the market for globally. The demand has constantly been increasing from the Asian regions due to rapid urbanization and increased building renovations and rebuilding. The aesthetic values have gone up
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Maersk's CEO Can't Imagine Self-Sailing Box Ships in His Lifetime

Maersk's CEO Can't Imagine Self-Sailing Box Ships in His Lifetime

The chief executive officer of the world's biggest shipping company says it's unlikely container vessels will operate without humans in his lifetime. A.P. Moller-Maersk A/S has already pushed through enough cuts to reduce crew sizes in response to the spread of automation, CEO Soren Skou said in an
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National investment bank needed to boost SME lending

THE UK government should create a “national investment bank” to increase lending to small- and medium-sized enterprises (SMEs), a think tank has suggested. Justin Protts, chief economist at Civitas, argued that the UK's low productivity has been fuelled by the decline in bank loans to businesses as a
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Half of Amazon's HQ2 finalists have overvalued housing markets

Half of the metro areas on Amazon's “short list” for its new HQ2 have overvalued housing—including the Dallas area, according to a new report by economists at CoreLogic. “CoreLogic has reviewed home price trends in the cities that are being considered for the second headquarters for online retail
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Housing starts reach highest level in more than a year

Nonetheless, the industry faces hurdles that include a recent spike in mortgage rates, a shortage of workers, rising costs for materials and a scarcity of ready-to-build lots. Single-family home starts rose to an 877,000 rate from 846,000 the prior month. Groundbreaking on multifamily homes, two or more
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3 Casino Stocks to Buy Now

Luckily for investors, now is also a great time to be buying gambling stocks, as continued domestic strength, a great recovery in Macau, and overall international interest in gaming have led to rising share prices. In fact, according to our Zacks Industry Rank data, the overall “Gaming” industry has gained
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Housing market: US home construction jumps 9.7% in January

WASHINGTON — Groundbreakings on new homes jumped 9.7% last month to the highest level since October 2016, welcome news for a housing market struggling with a shortage of homes for sale. The Commerce Department said Friday that housing starts came in at an annual pace of 1.33 million in
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10 Questions to Ask a Real Estate Agent Before the Pro Helps You Buy a Home

Then you'll want to learn a few questions to ask a real estate agent—the go-to pro whose sole goal (at least as far as you're concerned) is to help make your home-buying dream come true. But not all real estate agents are created equal, which is why Peggy Yee, a supervising broker at Frankly Realtors
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US Home Construction Jumps 9.7 Percent in January

A shortage of houses on the market has driven up prices and blunted sales. Standard & Poor's reported last month that U.S. home prices rose 6.2 percent in November from a year earlier, according to its CoreLogic Case-Shiller national home price index. And sales of existing homes fell 3.6 percent in
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Houston-Area Home Sales Up 8.9% in January

HAR reported Wednesday that buyers closed on 4,469 single-family homes last month at a median sales price of $218,000, a 3.8% increase. Meanwhile, sales closings on homes priced at $750,000 and greater fell 6.3%. Demand is strongest for homes priced between $250,000 and $500,000, the
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Fortune names Wegmans #2 place to work

BUFFALO, NY – Wegmans has been recognized once again as one of the best places to work. That's according to Fortune Magazine, which unveiled its list of the 100 Best Companies to Work For. Wegmans came in second on the list, beat only by the company “Salesforce.” Wegmans has made the list
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Del Mar home sells for more than $21 million in San Diego housing milestone

DEL MAR, Calif. (KGTV) – A Del Mar home just made a housing market breakthrough, becoming the first San Diego County home since 2007 to sell for more than $20 million. $21,500,000 to be exact, down from the most recent listing price of $24,900,000. The housing market milestone was crossed this
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Wegmans, Sheetz named on Fortune best 100 list

DICKSON CITY — Two companies familiar to Northeast Pennsylvania earned spots on Fortune's 2018 Top 100 Best Companies to Work For. Wegmans Food Markets, which has grocery stores in Dickson City and Wilkes-Barre Twp. ranked No. 2. Sheetz, the Altoona based gas station and convenience
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As Redlining Persists, Camden Area Among Hot Spots in US for Mortgage Denials

Blacks and Latinos seeking a home loan in New Jersey are denied conventional mortgages at rates higher than whites, despite a 50-year-old ban on racial discrimination in lending, mortgage data show. A year-long investigation of lending practices conducted by Reveal, from the The Center for
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Thieves are still using 'secure' banking network to steal millions

“The bank — and the SWIFT operator's workplace in particular — were the primary targets of the attack.” The central bank described the attack as a “classic scheme.” SWIFT, the communications network that links much of the global financial system, has been used in multiple attacks in recent years.
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BTL lending margins squeezed as lenders competed in 2017

Lenders absorbed more costs to keep their rates competitive in the last quarter of 2017, according to the latest results of the Buy to Let Mortgage Costs Index conducted by Mortgages for Business. The analysis showed that the underlying cost of funds rose in Q4 2017. Swap rates remained elevated in
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A Happy New Year for Construction Stats

Much of the national increase in permitting occurred in the South. It picked up there by 21.9 percent compared to December and rose 8.1 percent on an annual basis. Starts were up by 9.3 percent for the month but declined 3.4 percent from the previous January. Completions eased back by 1.8 percent
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STAG Industrial Keeps Riding the Real Estate Wave

The real estate market has benefited for years from the favorable environment in interest rates. Low rates have helped make it easier for companies like STAG Industrial (NYSE:STAG) to purchase properties and rent them to tenants, and the flows of income that the real estate investment trust has
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City leaders are banking on a simple device to keep local ponds safe

TOPEKA (WIBW)—- A simple device could keep a Topeka pond from landing on the list for blue-green algae warnings this summer. Shawnee County Parks and Rec staffers installed an ultra sonic system Thursday morning at the Central Park Pond. The device sends a sonic wave through the water,
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Review: Home loan bias exists for minorities in Central Texas

Reveal found evidence that in 2016 in the Killeen-Temple metro area, black applicants were 2.4 times as likely to be denied a conventional home mortgage as white applicants, and that in 2016 in the Waco metro area, Latino applicants were 2.9 times as likely to be denied a mortgage. Redlining is the
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Banks, auto, RIL drag Nifty below 10500; Sensex loses 287 pts, all sectoral indices dip

The dip in all sectoral indices as well as mid-smallcaps indicated that sentiment at traders and investors' desk may have remained weak ahead of weekend, especially due to lingering concerns over banking stocks after the PNB fraud case. Volatility in crude oil prices and increase in trade deficit also hit
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Prairie View Medical Plaza sale among D-FW commercial real estate transactions for Feb. 12-16

Prairie View Medical Plaza sale among D-FW commercial real estate transactions for Feb. 12-16

The sale includes the 2.12 acres of land surrounding the building. Salco Inc purchased an 11,608-square-foot industrial property at 11031 Grissom Lane in Dallas from the McGray Group. Nathan Denton of Lee & Associates brokered the sale with David Dunn of Dunn Commercial Real Estate.
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Housing Starts Up in January

Lawrence Yun, chief economist with the National Association of Realtors, was ecstatic over the new data. “Terrific news on housing starts in January with a solid 10 percent gain,” he said. “This rise in single-family housing construction will help tame home price growth, and the increase in multifamily
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US housing starts rise; permits at highest level since 2007

In contrast, the annual house price increase topped 6 percent in November. The 30-year fixed mortgage rate rose to an average of 4.38 percent this week, the highest level since April 2014, from 4.32 percent in the prior week, according to mortgage finance agency Freddie Mac. Mortgage rates are rising
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PNB scam raises questions over safety systems of banks

“Any business activity undertaken by the bank is audited not only by the internal audit team of the bank, but also the concurrent auditors auditing a single branch, it is shocking that such an incident went unnoticed by not only auditors, but also the senior bank staff as well,” said a banker who did not wish
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Punjab National Bank will honour all commitments: Sunil Mehta

We will see whatsoever our responsibility is and whatsoever the regulator says we will definitely comply,” he said at a press conference, adding that the bank was capable of dealing with the situation. Mehta said jeweller Nirav Modi had made “vague offers” that are under examination. “Nirav Modi has
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Gentrification became low-income lending law's unintended consequence

The Community Reinvestment Act “is based on geography, so it's perfectly possible to comply with CRA and have that pattern,” said Patricia McCoy, a law professor at Boston College who oversaw mortgage policy initiatives for the Consumer Financial Protection Bureau under President Barack Obama.
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Expeditors International of Washington (EXPD) Stake Increased by Public Employees Retirement …

The fund owned 32,910 shares of the transportation company's stock after buying an additional 1,051 shares during the period. Public Employees Retirement Association of Colorado's holdings in Expeditors International of Washington were worth $2,129,000 at the end of the most recent quarter.
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Senate Rejection May Mark End of Chances for Immigration Deal

Chances for a broad immigration deal emerging from Congress this year are all but dead after the Senate within a span of a few hours on Thursday rejected both a White House-backed proposal and a bipartisan compromise to address the fate of 1.8 million young immigrants. The stalled debate left
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Housing starts soar in January, building permits hit 10 1/2-year high

Housing starts are 7% higher compared to one year ago, reflecting a vibrant real estate scene that shows no sign of slacking off against the backdrop of the strongest economy in years. The biggest problem? Demand for housing has continued to outstrip the number of properties available for sale,
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Nordea publishes a prospectus regarding the move into the Banking Union and the merger of …

Nordea publishes a prospectus regarding the proposed merger of Nordea Bank AB (publ) (Nordea Sweden) into Nordea Holding Abp (Nordea Finland) and the subsequent listing of the shares in Nordea Finland. On 6 September 2017, the Board of Directors of Nordea Sweden decided to initiate a
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Don't Be Fooled: Russia Attacked US Troops in Syria

What's more, the Russians knew U.S. military personnel were in Deir Ezzor, which has been part of successive agreements to separate, or “deconflict,” forces fighting in Syria. Let's start with the fine reporting of my colleagues at Bloomberg News who discovered that the wounded mercenaries were flown
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Investing In Real Estate: Can You Short The Dollar?

Thomas Black, M.D., is the co-founder and managing partner of Napali Capital, a Texas-based real estate investment firm. Thomas Black , Forbes Councils. I was driving my son to school recently when he turned to ask me a question. I've always encouraged him to ask about money and finances since I
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Mitt Romney Running for US Senate in Utah to Replace Hatch

Photographer: Michael Nagle/Bloomberg. “I am running for United States Senate to serve the people of Utah and bring Utah's values to Washington,” said Romney, 70, on Twitter. I am running for United States Senate to serve the people of Utah and bring Utah's values to Washington. pic.twitter.com/
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Tax Reform's Impact on CRE Investors: Congratulations on Your Raise

What better way to kick off the new year than to discuss the new tax law and the gift we all just received as real estate investors? The new tax legislation will impact investors and their investment strategies as we all continue to search for yield and source opportunities within the alternative investment
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US housing starts total 1.326 million in Jan, vs 1.234 million starts expected

… exceeded 3 percent. In contrast, the annual house price increase topped 6 percent in November. The 30-year fixed mortgage rate rose to an average of 4.38 percent this week, the highest level since April 2014, from 4.32 percent in the prior week, according to mortgage finance agency Freddie Mac.
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A&O Productions hosts Knox Fortune, Ravyn Lenae at second annual Chicago Benefit

Chicago-based artists Knox Fortune and Ravyn Lenae took the stage at SPACE Thursday night, providing audience members with an intimate performance. The event, put on by A&O Productions, attracted approximately 150 students, whose ticket proceeds went to Northwestern Arts and Music
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BankThink Don't reinvent the wheel on housing finance: Restore Fannie and Freddie

Tackling the last piece of unfinished business from the 2008 financial crisis is a top priority for policymakers — the big question is how to do it. Recently, an early draft of legislation aimed at reforming the twin housing giants Fannie Mae and Freddie Mac was made public. The proposed legislation
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Philip Morris International Inc. (NYSE:PM) Stake Increased by Zions Bancorporation

Guidant Wealth Advisors lifted its stake in Philip Morris International by 25.5% in the 2nd quarter. Guidant Wealth Advisors now owns 939 shares of the company's stock worth $110,000 after purchasing an additional 191 shares in the last quarter. Vantage Investment Advisors LLC increased its holdings
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As Investors Title Co (ITIC) Share Value Rose, Biglari Capital Has Cut by $1.66 Million Its Stake …

New Amsterdam Partners Llc decreased its stake in Wabash Natl Corp (WNC) by 3.95% based on its latest 2017Q3 regulatory filing with the SEC. New Amsterdam Partners Llc sold 17,831 shares as the company's stock rose 3.02% with the market. The institutional investor held 433,566 shares of the
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Reports: Jewelers to Be Summoned in India Bank Scam Probe

Authorities have not publicly charged the men in the $1.8 billion fraud, but say both are under investigation for allegedly cheating Punjab National Bank of $43 million using fake bank documents. Bank officials say the scam appears to have begun in 2011, and occurred at just one Mumbai branch of the
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Today's Research Reports on Stocks to Watch: Fannie Mae and Freddie Mac

Today's Research Reports on Stocks to Watch: Fannie Mae and Freddie Mac

NEW YORK, NY / ACCESSWIRE / February 16, 2018 / Latest key findings by Growth Market Report for all traders, shareholders, and investors of Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC), including recent technical analysis and consolidated fundamental information.
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Moneyback Plan: RBI directs Punjab National Bank to honour LoU claims

MUMBAI: The Reserve Bank of India has directed Punjab National Bank to pay the entire Rs 11,300 crore owed to counterparty banks in the alleged fraud involving jeweller Nirav Modi, said two bankers aware of the development. Not doing so could lead to turmoil in the financial markets as the trust
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US Home-Builder Confidence Remained At High Level in February

A gauge of U.S. home-builder confidence was unchanged in February at an elevated level, a sign of continuing momentum for the housing sector in early 2018. The National Association of Home Builders on Thursday said its housing-market index held steady for the second consecutive month at a
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FineMark National Bank & Trust Takes Position in Orthofix International NV (NASDAQ:OFIX)

Dimensional Fund Advisors LP grew its holdings in shares of Orthofix International by 1.2% in the third quarter. Dimensional Fund Advisors LP now owns 880,901 shares of the medical device company's stock worth $41,623,000 after purchasing an additional 10,781 shares during the last quarter.
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Rathbone Brothers plc Reduces Stake in Mondelez International Inc (NASDAQ:MDLZ)

Fisher Asset Management LLC increased its position in Mondelez International by 15.1% during the fourth quarter. Fisher Asset Management LLC now owns 11,208 shares of the company's stock worth $480,000 after buying an additional 1,473 shares in the last quarter. Cerebellum GP LLC purchased
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CoreLogic taps Quicken Loans policy exec for government affairs role

He was most recently executive vice president of Quicken Loans, where he led the development of the company's positions on various policy issues. Earlier in his career, Carroll served as capital markets SVP at Wells Fargo and assistant director in the Office of Mortgage Markets at the Consumer
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Russia Blamed for 'Costliest Cyberattack in History': What You Need to Know

The U.S. and U.K. have taken the unusual step of attributing last year's massive “NotPetya” cyberattack to Russia. The White House warned of “international consequences” and the British Foreign Office said we have “entered a new era of warfare.” Here's what you need to know to get up to speed with
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January was a rough month for every province's housing market, except this one

The Canadian real estate market got off to a rocky start in 2018, with national home sales plunging 14.5 per cent month-over-month in January. But one province has managed to buck the trend, reporting a boost in sales in the first month of the year. Quebec hit a 10-year home sales high for the month of
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Danny Katz: The dilemmas of lending favourite books

Q: I recently lent a friend a much-loved book. Visiting her house today, I noticed my book next to the toilet. Should I say something? S.N., LANE COVE NORTH, NSW. A: I'm not sure what the actual problem is here. Are you worried your friend is going to contaminate your much-loved book with toilety
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Mortgage rates' steep rise viewed as 'new normal'

Mortgage rates rose to their highest level in almost four years this week, raising concerns about the housing market as it approaches its biggest season. According to mortgage agency Freddie Mac, the average rate on a 30-year loan rose to 4.38 percent, the highest rate since April 2014. Mortgage rates
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Business Briefs – February 15, 2018

WASHINGTON (AP) – Long-term U.S. mortgage rates jumped this week to their highest level in nearly four years. It's a sign that the prospect of higher inflation is steadily increasing the cost of borrowing to buy a home. Mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages
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Must-Know Social Media Strategies For Real Estate Agents In 2018

Without tools, human would have ended up in the same graveyard as dinosaurs. Instead, we put footprints on the moon. And I have to hand it to real estate agents — they've been pretty good at utilizing a variety of tools. I know they've broken in their share of cellphones. When computers came along, the
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Upbeat city retail sector defies industry trends

The adjoining shops at 118, 120 and 122 Hardware Street sold separately at auction overseen by a newly established Melbourne agency headed by Charles Emmett, Emmetts Real Estate. “Yields continue to compress for secondary retail assets, with anything sold in the CBD generally achieving a sub
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NepFin Finds White Space In Middle-Market Lending

Amid the talk of filling in the small business (SMB) financing gap banks have left since the financial crisis, the rush of FinTechs, alternative and marketplace lenders coming to market may have left another business segment behind: the middle market, particularly the lower middle market. It's a space that,
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Quicken Loans leads industry among best workplaces

First American, which offers title insurance and other solutions for real estate insurance, is at 63 in this year's list. “Earning national recognition three years in a row as one of the best companies to work for, more than anything else, reflects the integrity, commitment and teamwork of our people,” said
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Career Concerns of Banking Analysts


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Apple's New Headquarters Is Surprisingly Dangerous to Work In

The centerpiece of Apple's new headquarters is a massive, ring-shaped office overflowing with panes of glass, a testament to the company's famed design-obsessed aesthetic. There's been one hiccup since it opened last year: Apple employees keep smacking into the glass. Surrounding the Cupertino
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Freddie Mac Announces First NPL Sale of 2018

MCLEAN, VA–(Marketwired – Feb 16, 2018) – Freddie Mac ( OTCQB : FMCC) announced today an approximately $420 million non-performing loan (NPL) transaction, which is an auction of seasoned non-performing residential whole loans held in Freddie Mac's mortgage investment portfolio. The NPLs
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Starter Portfolio

With our lowest-ever $500 minimum plus great special offers, it's easier than ever to get started with real estate investing.
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Real Estate – February 16

Luke T. and Barbara S. Thompson to Sean M. and Cristina McClimon, 448 N. County Road 350W, Buck Creek Township, $175,000. Donald B. Jones to D & J Real Estate Properties LLC, 403 Pearl St., Fortville, $65,000. Kenneth E. Grider to Regina R. Grider, 9859 E. State Road 234, Brown Township,
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Commercial Banking Solutions

Commercial Banking Solutions

The Bank That SERVICE Built. United Community Bank, with locations throughout Georgia, North Carolina, Tennessee, and South Carolina, offers personal banking, business banking, corporate and commercial banking, and advisory services. Privacy & Security ABA Routing #: 061112843. NASDAQ:
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Barrie housing market by the numbers

“As was expected, home sales in the region pulled back in January compared to the rally seen at the end of last year, bolstering the idea that some buyers moved up purchases in advance of the new mortgage stress test,” said Geoff Halford, 2018 BDAR President. “For that reason, January's sales
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Big Tech Fights Backlash With White House Lobbying Blitz

Photographer: Zach Gibson/Bloomberg. The world's biggest technology providers saw an opening and a threat late last summer as the White House prepared a report that could influence billions of dollars in government spending on computing contracts. Amazon.com Inc., Oracle Corp., Alphabet Inc.'s
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69 Seaview Terrace Sunshine Beach Qld 4567

Beachside Architectural Masterpiece. 4 bedrooms House for Sale. PRICE GUIDE $4300000. 69 Seaview Terrace Sunshine Beach Qld 4567. Listed by Dowling & Neylan Real Estate – NOOSAVILLE. Features: Study, Garage Spaces.
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19 Mount Street Nerang Qld 4211

CHEAP AND VERY CHEERFUL!. 3 bedrooms House for Sale. $349000 – $379000. 19 Mount Street Nerang Qld 4211. Listed by LJ Hooker – Nerang. Features: Air Conditioning, Carport Spaces, low-efficiency.
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Commercial Lending Sales Developer (LARGE BANK) in Charlotte, NC at DISYS

New Career Opportunity! DISYS has an opening for a Commercial Lending Sales Developer (LARGE BANK) in Charlotte, NC.
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Rift Widens in Australia's Government Amid Sex-Scandal Fallout

Australia's coalition government is in danger of fracturing over the fallout from Deputy Prime Minister Barnaby Joyce's extramarital affair with a former staffer. Prime Minister Malcolm Turnbull has lambasted Joyce over the affair that ended his 24-year marriage and accused him of making a “shocking error
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13 BREMER COURT Bohle Plains Qld 4817

Immaculate in every way. 4 bedrooms House for Sale. $354000. 13 BREMER COURT Bohle Plains Qld 4817. Listed by First National Real Estate – Nicholson. Features: Garage Spaces.
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Keep the Change

Help build your savings with the Bank of America Keep the Change savings program when you use your debit card. Round up your everyday purchases to the nearest dollar & let the program automatically save for you. Learn more about Keep the Change today.
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Lending an actual helping hand

Lending an actual helping hand. Thanks to more than a foot of snow during an eight-day period, my snowblower and shovel have become closer personal friends to me than I ever desire them to be.
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Delta Prohibits Carrying On Luggage With Built-in Batteries

If you plan on flying Delta anytime soon, you may want to consider leaving your smart suitcase at home. Suitcase maker Away sent customers an email this week letting them know that customers who fly Delta must remove the battery from their suitcase before they board, even if they're not checking the
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Pricey personal loans would be outlawed by bill that would reshape state lending industry

A bill introduced Thursday by Assemblyman Ash Kalra (D-San Jose) could dramatically reshape California's lending industry by capping interest rates at roughly 20% for consumer loans between $2,500 and $10,000. Since rate caps were removed by the Legislature in the 1980s, there's been no limit to
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This Trader Quietly Built a Real Estate Empire in Downtown New York

In the heart of Manhattan's Financial District, just steps from Wall Street's Charging Bull, stands 11 Broadway, a 22-story office building that investor Moses Marx first bought about four decades ago. A few blocks north is 160 Broadway, where he runs his empire and whose ground floor McDonald's once
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Paradice Investment Management LLC Raises Stake in Korn/Ferry International (NYSE:KFY)

Ameriprise Financial Inc. now owns 628,769 shares of the business services provider's stock valued at $24,793,000 after buying an additional 274,447 shares during the period. Acadian Asset Management LLC lifted its holdings in Korn/Ferry International by 880.8% in the fourth quarter. Acadian Asset
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In divorces, a reverse mortgage could help resolve a big problem

One possible solution: Use a reverse mortgage for both transactions, typically referred to as HECM or Home Equity Conversion Mortgage. The minimum age to obtain such a loan is 62. Lenders use the age of the youngest borrower since their life expectancy is theoretically longer, so both owners must
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BCAR: County residential real estate market continues trend of steady, consistent growth

Brunswick County's residential real estate market is continuing its consistent growth in the new year, with sales volume and average sale prices increasing and the number of new listings decreasing, according to the latest statistics released by the Brunswick County Association of Realtors (BCAR).
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Mortgage rates make jump

WASHINGTON – Long-term U.S. mortgage rates jumped this week to their highest level in nearly four years, a sign that the prospect of higher inflation is steadily increasing the cost of borrowing to buy a home. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average
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John McGrath Denies Rumours of Gambling Habit Funded by Lending Facility

The Australian mogul John McGrath has denied that his debts on gambling activities are linked to his stake in real estate business and said they are not out of control. Mr. McGrath released a statement to face the controversy surrounding his gambling habits lately, and more specifically his alleged
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SBL Network bolsters its P2P securities lending team

Clout will join the peer-to-peer securities lending platform of SBL and will be responsible for business development and hedge fund sales. Prior to SBL, Clout was managing director and head of sales and marketing at OTAS Technologies. Previously, Clout worked with Tammy Phillips at Morgan Stanley
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17 Bada Crescent Burrill Lake NSW 2539

Here Is Where You Would Rather Be. 4 bedrooms House for Sale. $829000. 17 Bada Crescent Burrill Lake NSW 2539. Listed by Coast Real Estate – Milton. Features: Ensuite, Toilets, Workshop, Broadband Internet Available, Built-in Wardrobes, Dishwasher, Remote Garage, Secure Parking, Garage
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Two sides of debt

Two sides of debt

If the mortgage is for a primary residence, the interest of that mortgage can be tax deductible. Mortgage debt, the type which exists in a heathy debt to income ratio, is looked upon favorably by credit agencies and can raise the credit score of the debtors. It is also financing real estate, which historically,
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Developers rushing to meet demand from buyers in Mott Haven

Manny Pantiga, owner of the Bronx-based real estate company the Pantiga Group, likened the trend to a “gold rush of the Bronx.” “Mott Haven has always been interesting because of the proximity to Manhattan, even before all the media attention it's been getting,” Pantiga said. “What's happened now is
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Andrew Zastko's real estate forecast

NORTH BRUNSWICK – Andrew Zastko, broker-owner of Gloria Zastko, Realtors, was the guest speaker at the monthly meeting of the AARP Chapter No. 3885, held at the North Brunswick Senior Center, on Feb. 5. Zastko spoke about Central Jersey's real estate forecast. “Marking our tenth anniversary
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Layoffs Arrive in Brexit Britain, and Auto Workers Are Up First

In his 50 years working in Britain's car industry, John Cooper has survived plenty of upheavals. None is scarier than the prospect of Brexit. Being split off from their biggest market means the job cuts and production slowdown U.K. carmakers have imposed the past few months could be just a prelude to
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India's Punjab National Bank reports $1.8bn fraud

India is investigating a $1.77bn fraud case at the state-run Punjab National Bank (PNB), according to government officials. The bank in a statement issued on Wednesday said it had “detected some fraudulent and unauthorised transactions in one of its branches in Mumbai for the benefit of a few select
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A reverse mortgage loan could help you s

A reverse mortgage loan could help you see the kids. Lots. Call today to learn more about this HECM loan program* for accessing your home's equity. Bob Gayle Reverse Mortgage Specialist Real Estate Broker, California Bureau of Real Estate License 00466813 • NMLS License. 582948 805/772-3658
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HR 2219, End Banking for Human Traffickers Act of 2017

H.R. 2219 would require the existing Interagency Task Force to Monitor and Combat Trafficking (Interagency Task Force) to recommend methods to combat money laundering related to human trafficking and to submit those recommendations to the Congress and federal banking agencies. Under the bill
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Philip Morris International (NYSE:PM) Given “Buy” Rating at Piper Jaffray Companies

Piper Jaffray Companies restated their buy rating on shares of Philip Morris International (NYSE:PM) in a research note published on Thursday, February 8th. The brokerage currently has a $126.00 price objective on the stock. Other equities research analysts also recently issued research reports about
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Goldman Sachs and rivals home in on risky consumer banking

Lloyd Blankfein was a breezy opening act at a big industry event this week in Key Biscayne, Florida. On stage at the Ritz-Carlton the chairman and chief executive of Goldman Sachs was talking about Marcus, the bank's new online savings and lending platform, which is targeting borrowers with scores
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Bank of Ireland warn customers about clever text message banking scam

They said: “I've just been stung by a very sophisticated Bank of Ireland scam. Bank of Ireland say people all over the country are getting caught. “This is a sophisticated Bank of Ireland hack going on at the moment. You are sent a text from '365 online' that states 'Your BOI account has been suspended'
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Smith & Wesson Made the Assault Rifle Used in Florida School Massacre

People are brought out of the Marjory Stoneman Douglas High School after a shooting at the school on Feb. 14 in Parkland, Florida. Photographer: Joe Raedle/Getty Images. The semi-automatic AR-15 assault rifle used in the Parkland, Florida school shooting Wednesday was manufactured by
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UPDATE 1-US mortgage applications fall as home loan rates hit 4-year high – MBA

NEW YORK, Feb 14 (Reuters) – U.S. mortgage application activity fell to its lowest in five weeks as interest rates on 30-year fixed-rate home loans jumped to their highest in four years, the Mortgage Bankers Association said on Wednesday. The Washington-based industry group's index on mortgage
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Portugal's real estate market

The year 2017 showed highly positive results for the property market in Portugal by registering ​​50% higher prices than the previous year. Approaching the 2 billion euros mark, the housing market was more profitable and helped to highlight the real estate boom that since the beginning of the year had
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On the move at Opus Group, Humana, Vantage West, Landmark Title, USTA

The Opus Group (Opus) announced that Clare Lydon joined Opus Development Company, L.L.C. as real estate representative. Lydon will work with Opus' development team on the office's current projects and will also work with local stakeholders to continue to grow Opus' footprint in the Phoenix area
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World Book Day 2018 to offer Welsh-language title for first time in 20 year history

Un Tro… written by James and illustrated by John Lund, will be published by Welsh printing and publishing company Y Lolfa, in time for World Book Day celebrations on 1 March 2018. The book from the Na Nel! series to be offered on World Book Day 2018 (Image: Reading Wales). The book will follow
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ConsenSys Ventures Leads Investment into BlockFi to Bring Lending to the Cryptoasset Market

“Cryptoassets are natively digital and global by design, which creates opportunities that haven't existed before from a lending perspective, said BlockFi CEO and Founder, Zac Prince, in a statement. “By bringing institutional-quality technology infrastructure, data science, risk management and operations
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Mobile-First Mortgage Solution StreamLoan Secures $2MM Seed Capital Round to Re-Imagine the …

They can seamlessly share some or all of their information in the system with realtors, lenders, co-borrowers, inspectors, attorneys, appraisers, accountants, title companies, notaries, or insurance agents. This approach grew out of StreamLoan's founders' deep experience in lending, real estate investing,
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Tree Line Capital Partners Expands Lower Middle-Market Direct Lending Platform with $267 …

The capital, from new debt and equity commitments received in 2017, was invested across the Tree Line platform in its funds, Tree Line Direct Lending, LP, and Tree Line Credit Strategies, LP. The capital commitments were received from, among others, the University of Texas Investment Management
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Mortgage Loan Rates Increased Last Week, Applications Dipped

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 4.1% in the group's seasonally adjusted composite index for the week ending February 9. Mortgage loan rates rose again last week on four of five loan types that the
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New Association in Business; Radian Changes; Flagstar's Ginnie Response

We are pleased to have been named as one of National Mortgage Professional Magazine's 2018 Top Mortgage Lenders. In the coming months, the company is rolling out new branding and several automated marketing platforms, we have an outstanding operations team that is committed to closing
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States to Get Classified Briefings on 2018 Election Threats

States to Get Classified Briefings on 2018 Election Threats

With the threat of Russian interference continuing to loom over American elections, U.S. intelligence authorities are arming state officials with classified updates on risks to their electoral systems ahead of this year's midterm races. Election officials from all 50 states will receive classified briefings on
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Mexico Might Elect Its Own Populist to Take On Trump

The leftist has an average lead of about 8.8 percentage points, according to Bloomberg's poll tracker. He's promising to reduce poverty and end corruption and says he'll take on U.S. President Donald Trump. While voters like his anti-establishment message, investors fear he'll end market-friendly
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FDIC to Remove References to Credit Ratings from International Banking Regulations

The FDIC has adopted a final rule removing references to credit ratings from its international banking regulations related to permissible investment activities and the pledging of assets, the agency announced today. The final rule aligns international banking regulations with requirements of Section 939A
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New Year is Ideal for Re-evaluating Business Banking Needs

Reno – With the new year already underway — and a brand new tax framework in which we're all operating — it makes financial sense to review your business banking needs. Now is the time for business owners to ensure they have the right set of customized financial products to make the most of their
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Australia banks tighten mortgage checks amid govt inquiry, face revenue strain

SYDNEY, Feb 16 (Reuters) – Australia's largest banks have stepped up screenings of mortgage loan applications amid a powerful government-backed inquiry into the nation's lenders and their sales practices, potentially hurting revenues from their most lucrative products. National Australia Bank
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Calling the Clock: WPT title blues; partypoker MILLIONS news

In this week's Calling The Clock we remind you that Mike Leah upset a few people after cutting a deal during his World Poker Tour Main Event win in Fallsview, partypoker made more announcements than a sofa company during sale season, and much more. Walk around with a baby's head on a spike,
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Home ownership among young adults has 'collapsed', study finds

New research from the Institute for Fiscal Studies shows how an explosion in house prices above income growth has increasingly robbed the younger generation of the ability to buy their own home. For 25- to 34-year-olds earning between £22,200 and £30,600 per year, home ownership fell to just 27%
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Kendrick and company blend together on 'Black Panther: The Album'

However, to gain a deeper understanding of Lamar's words, one has to merely look to the title of the song — “Black Panther.” The song is the title track from the recently-released project “Black Panther: The Album.” The album was released a week before the highly-anticipated blockbuster which hits the
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Where to look at buying opportunities on Alexandria Real Estate Equities, Inc. (ARE)

On Thursday, Alexandria Real Estate Equities, Inc. (ARE) made the way into the market positive movers list with rising 1.40%. ARE reported a change of 6.25% over the last week and performed -3.00% over the last month while its year to date (YTD) performance revealed an activity trend of -6.78%.
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Pennsylvania Real Estate Investment Trust (PEI) Stock Regains Attentions on Moves of SMA

Pennsylvania Real Estate Investment Trust (PEI) stock price recognized downward trend built on latest movement of 200 SMA with -5.19% during the course of recent market activity. This trend discloses recent direction. The up-to-date direction of 200 SMA is downward. When the price over the last 200
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DataSnapshot: What's in a name?

That quirky tidbit is the thesis behind a recent study from real estate information firm Attom Data Solutions. The analysis looked at 4 million sales of single-family homes in 2017, broken down by the first name of the buyer. The results of the study, in part, show that millennials might be buying more houses
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Philip Morris International Inc. (NYSE:PM) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Guidant Wealth Advisors raised its position in Philip Morris International by 25.5% during the 2nd quarter. Guidant Wealth Advisors now owns 939 shares of the company's stock worth $110,000 after buying an additional 191 shares during the last quarter. NewSquare Capital LLC raised its position in
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Gov't keeps an open attitude over real estate regulations

The Chief Executive (CE) Chui Sai On said that the government will “keep an open attitude” regarding Macau's housing market regulations. Chui made the remark while attending a Chinese New Year celebration at the Tap Seac Square yesterday. Recently, the government launched a series of new
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How to Make the Most Money From Your Bank in 2018

For most of American life the consumer experience of banking has looked more or less the same. Architecture may have shifted from the 19th Century's heavy stone temples to today's sleek retail spaces, and patrons rarely walk out the door with envelopes full of cash anymore, but the essence has
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Tesla Model 3 Tracker

That's why Bloomberg built its own tool to estimate the number of Model 3s rolling out of the factory in Fremont, California. This projection relies on Vehicle Identification Numbers (VINs), unique strings of digits displayed on every new car sold in the U.S.. Our best estimate is that Tesla has manufactured
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ECB rings collateral changes

The European Central Bank has issued a series of amendments relating to the Eurosystem's monetary policy implementation. These include the implementation of previously announced changes to the eligibility criteria of unsecured bank bonds. This decision was previously announced on 14 December
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Liberty Bank President and CEO Named Newest Member for The Federal Reserve Bank of …

Effective on January 1, 2018, Liberty Bank President and CEO Chandler J. Howard became the newest member of Boston Fed's board of directors. Howard, who celebrated 10 years with Liberty in 2017, will serve as a Class A Director representing member banks in the Federal Reserve's first district.
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Bitcoin Posts Biggest Surge in Weeks

Cryptocurrencies are recording their biggest gains in weeks after the president of the European Central Bank shrugged off talk of a ban. Bitcoin was up more than 7% in early trading Wednesday, gaining over $400 and adding $7.7 billion in market capitalization. In the past week, Bitcoin's value has
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Modi government's financial inclusion push sees early results, study on banking correspondents …

The “State of the Agent Network 2017” report, released by chief economic advisor Arvind Subramanian in New Delhi on February 14, says the number of transactions and agent (banking correspondent) profitability has grown significantly since the agency conducted a similar survey two years ago (in
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Is VIX Manipulated or Hedged?

Wikipedia tells me that Fannie Mae became a public company in 1968; Freddie Mac was formed in 1970. In 2008, in the depths of the financial crisis, they both became wards of the U.S. government, funded and guaranteed by Treasury and — since 2012 anyway — paying all of their profits back to the
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Merkel's Fiercest Rivals Are Coming Back to Haunt Her

Merkel's Fiercest Rivals Are Coming Back to Haunt Her

In Angela Merkel's moment of weakness, some of the fiercest rivals she sidelined during her ascent to the German chancellery are back to haunt her. Time was when Merkel might have fit the scary parody on a carnival float that rolled through the streets of Dusseldorf this week: a black widow with blood
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UK Should Strive for Partial Customs Union With EU, IOD Says

Britain should aim for a partial customs union with the European Union once it quits the bloc, according to the Institute of Directors. An agreement covering industrial goods and processed agricultural products would help maintain the competitiveness of some of the U.K.'s key industries, while allowing
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Mortgage Rates Continue to Rise, Short-Term nearing 7-Year Highs

… four-year high, according to Freddie Mac's Primary Mortgage Market Survey data. At the same time, the average rates for 15-year fixed (3.84 percent) and 5-year adjustable rate mortgages (3.63 percent) are nearing 7-year highs, up from as low as 2.72 percent and 2.68 percent last year, respectively.
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Perry Ellis International (NASDAQ:PERY) Stock Rating Upgraded by Zacks Investment Research

Perry Ellis International logo Perry Ellis International (NASDAQ:PERY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, January 23rd. The brokerage presently has a $29.00 target price on the textile maker's stock.
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Evangelical Pastor Seeks Gowdy's South Carolina House Seat

An evangelical pastor who as an early and vocal supporter of President Donald Trump said he's entering the race to succeed Representative Trey Gowdy in South Carolina. “We need to combat leftist, liberal ideology that's dividing our nation. It's creating dependency,” Mark Burns said in an interview.
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Jeff Dervech of Dervech Real Estate to Attend Annual 2018 ICSC West Florida Idea Exchange …

The speaker for each table will touch on a specific theme relating to a sector within the commercial realty arena including capital markets, investment sales, real estate law, real estate development and retail trends. Several of the topics that will be spoken on include, Restaurant Real Estate Trends;
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Identify buying and selling opportunity on Monmouth Real Estate Investment Corporation (MNR …

On Thursday, Monmouth Real Estate Investment Corporation (MNR) MNR reported a change of -6.85% over the last week and performed -18.89% over the last month while its year to date (YTD) performance revealed an activity trend of -21.35%. The stock price closed last trading at $14.00. Monmouth
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Australia banks tighten mortgage checks amid government inquiry, face revenue strain

National Australia Bank communicated on Friday to mortgage brokers its stricter conditions to assess mortgage applications, according to emails seen by Reuters, becoming the latest of Australia's 'Big Four' banks to do so. Citing regulatory concerns, the country's fourth-largest lender by market value,
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The Playboy Mansion's owner who made a fortune reviving classic brands

The source of the new Playboy Mansion owner's wealth.
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Brexit Uncertainties Put $57 Billion Fund Off London Real Estate

Since the Brexit vote in June 2016, Ilmarinen has bought real estate in Amsterdam, Berlin, and the U.S. It also has holdings in Brussels and Frankfurt, and acquired about 50 percent of a new office property at the heart of Manchester in late 2017. But investing in the U.K. requires getting “a higher
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David Pope of Windermere Real Estate Appears in Seattle magazine as a Five Star Real Estate …

Five Star Professional partnered with Seattle magazine to recognize a select group of Seattle-area real estate agents who provide quality services to their clients. Less than 3% of real estate agents in the area were selected. David Pope is featured, along with other award winners, in a special section of
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Mortgages get more expensive as rates hit near four-year peak

Freddie Mac reports on the week's average U.S. mortgage rates. (Steven Senne/The Associated Press) … Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year, fixed-rate mortgages rose to 4.38 percent this week, up from 4.32 percent last week. That's the highest rate since April
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Disrupting Goldman Sachs: Polymath Wants to Create a New Investment Banking Paradigm with …

Investment banking is a highly profitable business. Goldman Sachs, perhaps the most prominent investment bank in the world, raked in $32 billion during fiscal 2017 with the majority of this revenue driven specifically by investment banking. Yet arguably, much of the value that is provided by Goldman in
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Review Reveals Home Loan Bias in 5 Texas Metro Areas

Latinos and blacks in five Texas metro areas, including San Antonio, were more likely to be denied a conventional mortgage loan when compared to non-Hispanic whites, … White applicants received 2.3 times as many loans as Latinos, even though Latinos make up 54 percent of the local population.
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Business News Roundup, Feb. 16

Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year fixed-rate mortgages rose to 4.38 percent this week, up from 4.32 percent last week and the highest since April 2014. The rate on 15-year fixed-rate loans rose to 3.84 percent from 3.77 percent last week. Recent wage gains
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Rate hikes, mortgage rules lead to home sales decline: CREA

Canadian home sales fell 14.5% between December and January, marking the lowest sales level in three years as the housing market was hit last month by a double whammy of tighter mortgage rules and lending rate hikes. Data released by the Canadian Real Estate Association Thursday suggested
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Coles County Real Estate Transactions

1063 9th St. in Charleston purchased by Bryant J. Tingley of Charleston from Martha J. Bishop of Mattoon, $56,900. 1502N C.R. 2300E in Westfield purchased by Ian C. Morris and Amy L. Morris of Westfield from James L. Pierson and Krista A. Pierson of Charleston, $91,000. 2.81 acres vacant land PIN
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Built, Black Knight announce integration to address construction lending market demand

Construction-lending software provider Built has announced an integration with Black Knight's LoanSphere platform to capitalize on the growing demand in the construction lending market. With the increase in construction loan demand, Built said owner-occupied products and renovation markets are
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What May Be US's First Drone-Linked Aircraft Crash Is Being Investigated

The incident on Wednesday involved a student pilot and instructor, who told investigators that a small drone appeared directly in front of them, according to a person familiar with a federal probe. They took evasive action to avoid a collision, and the tail of the helicopter hit a tree, triggering a crash landing.
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Business Highlights

WASHINGTON (AP) — Long-term U.S. mortgage rates jumped this week to their highest level in nearly four years. It's a sign that the prospect of higher inflation is steadily increasing the cost of borrowing to buy a home. Mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages
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Buy the Dip, That Old Wall Street Favorite, Comes Under Scrutiny

Buy the Dip, That Old Wall Street Favorite, Comes Under Scrutiny

“There's sort of, 'Everybody should buy a dip,' which has become folklore in the markets now. I would say history doesn't tell you buying dips is always the right answer,” Man Group Chief Executive Officer Luke Ellis said in an interview this week with Bloomberg Television. “When volatility increases you
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Public Lending Right announces 25-year cap for older titles, introduces audiobooks to the program

Major changes are coming to the Public Lending Right program, which compensates authors, illustrators, editors, and translators for free public use of their books in libraries. PLR cheques mailed out to recipients on Feb. 15 will be accompanied by a letter from the commission's chairperson, author
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Travelers insuring lower cost trips, buying closer to departure date

Unlike general travel, vacation rental travelers were more concerned with purchasing insurance earlier with the average number of days between departure and purchase rising from 86 to 89. “The vacation rental industry is in the midst of tremendous growth and competition for properties is fierce.
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The Daily Fix: 10 questions that emerge from the massive Punjab National Bank-Nirav Modi scam

As experts begin to think about fixing the systemic problems that led to the massive, Rs 11,000-crore scam that a group of companies associated with jeweller Nirav Modi allegedly committed with the connivance of officials from Punjab National Bank, it isn't quite clear where to begin. This is partly
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Tweets About Jennifer Aniston & Brad Pitt Show Everybody's Banking On Their Reunion

It was finally her time to find love and happiness! What gives?! Ugh, well, of course, everyone on Twitter is already making the same connection. These tweets about Jennifer Aniston and Brad Pitt prove that not even two minutes after the separation news broke, everyone is already banking on a Brad and
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Real estate an equally exciting circus … minus Hugh Jackman

The juggling of roles between the lender, the title company, the home inspector, the appraiser, the buyer, the seller and Realtors in one transaction is truly a circus. However, if orchestrated well, it can be one heck of a good show. The key is the ring master. An experienced ring master with ambition and
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5 Superstars who were released while holding a title

… released, while he was the WWE Cruiserweight Champion. It wasn't the first time that a champion was released from a major wrestling promotion, while still holding a title. Lets take a look at five Superstars who were released from a major wrestling organisation, while still holding a title in the company.
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Low-carbon banking, creative impact, Virginia is for Entrepreneurs, overheard at The Economist

Casting an eye on how banks are — and are not — financing the low-carbon transition. The biggest banks in Europe, North America and Asia are in a global race to finance the historic transition to a low-carbon economy. You don't believe it? True, a new report by Boston Common Asset Management
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Anworth Mortgage Asset Corporation's (ANH) CEO Lloyd McAdams on Q4 2017 Results – Earnings …

Good day, and welcome to the Anworth Mortgage Fourth Quarter 2017 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] And please note that today's event is being
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Hot Leads: PSTA campaign, AFI Mortgage and more

Clearwater-based health IT company forms from Stratus Video: Synzi has a new investment from Kinderhook Industries, forming a separate entity from language services company Stratus Video. Synzi's platform joins methods of communication which could enhance the telehealth marketplace.
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Half of Amazon's HQ2 finalists, including Northern Virginia, have overvalued housing markets

Half of the metro areas on Amazon's “short list” for its new HQ2 have overvalued housing — including Northern Virginia, according to a new report by economists at CoreLogic. “CoreLogic has reviewed home price trends in the cities that are being considered for the second headquarters for online retail
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ABA Community Bank Mortgage LLC Renews Agreement with PennyMac

The American Bankers Association, through its subsidiary ABA Community Bank Mortgage LLC, has renewed its agreement with PennyMac as a secondary market investor. The partnership enables ABA Community Bank Mortgage LLC owner banks to sell agency-eligible loans on a servicing-released
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Brexit Bulletin: Job Cuts Come to Car Country

Giving Up on the U.K. | The number of doctors coming to the U.K. from the EU fell 9 percent in 2017 to an eight-year low, according to figures from the U.K.'s General Medical Council obtained by Bloomberg. There were 3,458 new doctors from EU countries who registered to work in 2017, down 26
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One of India's Richest Men Allegedly Executed a $2 Billion Fraud

The bank claims they then bypassed the lender's internal messaging system in order to avoid detection, and placed instructions via the Swift global payment system asking overseas branches of Indian banks to fork out the cash as loans, according to a document from PNB seen by Bloomberg. PNB is still
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Lending Specialist | Global Bank

Rubicor Professional's client are a Global Bank, seeking Lending Specialists and Banking Consultants to join their growing mortgages division. You will have strong experience working within Retail Banking or Wealth Management, with excellent communication skills and a rigorous attention to detail.
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Why the rich head for the Surrey hills

Yet there's a higher percentage of luxury cars owned in Surrey than in prime central London. So who is buying? Knight Frank's Super-Prime North Surrey report identifies the return of international buyers, driven by currency conditions; in 2015 only 5 per cent of buyers of super-prime (£5 million-plus)
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Jon Gray: Blackstone's real estate chief turns heir apparent

One evening a few years ago, Jon Gray, Blackstone's real estate boss who this week was named president of the US private equity firm, was having dinner on the Upper East Side of New York with a Chinese property developer. They met at the height of the investment surge from China into trophy real
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Short Sellers Caught Out in South Africa's Swift Power Transfer

The transfer of power in South Africa has pulled the rug from under the feet of some short traders. At stake: more than $5 billion. Three out of four stocks in Johannesburg rallied on Thursday, sending the benchmark FTSE/JSE Africa All Share Index to the biggest increase since 2014, as Cyril Ramaphosa
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Struggle for black and Latino mortgage applicants suggests modern-day redlining

By 2016, the number of conventional mortgages had risen 95 percent since the housing bust. And yet some Americans are still being left behind. The gap between white and black homeownership is wider now than it was in 1960. Tonight, the first of a two-part series, results of a yearlong investigation
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Liverpool could stick with Loris Karius instead of buying a £70m goalkeeper this summer

But with Karius showing encouraging form since being confirmed as undisputed first choice, a massive outlay on a new keeper is increasingly unlikely. Liverpool have been left in no doubt how much it would cost to secure Brazilian international Allison, his Italian club suggesting only a world record fee
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