Real estate agent on trial in bond scheme

Real estate agent on trial in bond scheme

Four years after a Holland real estate agent first was charged in a money laundering scheme, his trial got under way Tuesday in U.S. District Court. Gene Crawford, an assistant U.S. attorney, told jurors in his opening statement that over the coming days they would hear the story of Arvel “Ray”
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Whistleblowers will be protected in banking royal commission: Senator John 'Wacka' Williams

SENATOR John 'Wacka' Williams is confident the banking royal commission on will protect those who speak out. … “The issue was that many people who have had a disagreement or a blue with the banks come to an agreement and sign a deed of settlement,” Senator Williams said. “In that agreement
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BC's new measures aim to temper rising real estate prices

The B.C. budget aims to temper the province's hot housing market but neither the government nor other observers know what the impact on real estate prices will be. The main measure is a new tax to be levied annually on property owners who do not pay income tax in British Columbia. Homes used as
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BN Housing Market's 2018 Off To Slow Start In January

In all, the local housing market saw 108 existing homes sold last month, down 26 percent from the 146 sold in January 2017, the Bloomington-Normal Association of Realtors reported Tuesday. Newly built homes were even worse off, with just five sales—three fewer than in January 2017, BNAR reported
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BC's NDP budget takes aim at real estate market

British Columbia's NDP government will introduce tax measures designed to push down the price of housing by targeting vacant homes owned by out-of-province investors. Finance Minister Carole James said she hopes this and other changes will cool real estate costs, but would not predict how much,
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May Under Pressure After 62 Tory Hardliners Demand Clean Brexit

Prime Minister Theresa May is facing a potentially dangerous outcry from 62 members of her own party who are demanding a quick, clean break from the European Union, just as she tries to finalize her Brexit plans. Read the full letter from lawmakers to Theresa May. The group of Conservative
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UBS Asset Management Americas Inc. Acquires 21005 Shares of Marriott International Inc (MAR)

UBS Asset Management Americas Inc. grew its holdings in Marriott International Inc (NASDAQ:MAR) by 2.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 940,539 shares of the company's stock after buying an
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Ill. Treasurer Frerichs announces $500 million effort to boost rural economy

The Community Uplift Program will provide money to lending institutions to fund business growth or expansion outside of Chicago and its “collar” counties. The money also will support the Office of Illinois State Treasurer's ongoing, Ag Invest and Finally Home programs — all part of Frerichs' new, “Invest
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Stocks making the biggest moves after hours: LendingClub, Boyd Gaming, Texas Roadhouse & more

LendingClub stock plunged 10 percent after the bell. The peer-to-peer lending company reported earnings and revenues that missed Wall Street estimates. The loss that was reported was partially due to the newly disclosed settlement of class action lawsuits. The settlement is worth $125 million.
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Experts More Pessimistic about US Housing Market Following New Tax Laws

SEATTLE, Feb. 20, 2018 /PRNewswire/ — New changes to U.S. tax laws led 41 percent of survey respondents to lower their long-term expectations for the U.S. housing market, according to the 2018 Q1 Zillow® Home Price Expectations Surveyi. The quarterly survey, sponsored by Zillow and conducted
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Ask Eli: Market Reaction To Higher Rates

This regularly-scheduled sponsored Q&A column is written by Eli Tucker, Arlington-based Realtor and Rosslyn resident. Please submit your questions to him via email for response in future columns. Enjoy! Question: As interest rates have increased over the last 6-12 months, how will the market react to
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North Korea Pulled Out of Olympic Meeting With Pence, US Says

U.S. Vice President Mike Pence was willing to meet with Kim Jong Un's envoys earlier this month during the Winter Olympics in South Korea, but the North Koreans backed out, the Trump administration said. “North Korea dangled a meeting in hopes of the vice president softening his message, which
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SWIFT: The messaging system at the heart of the $1.8 billion PNB fraud

The $1.77 billion (over Rs11,000 crore) fraud at Punjab National Bank (PNB) has sent shock waves across Indian banking. A multi-agency probe is now gradually unveiling the modus operandi followed in the country's biggest banking scam. SWIFT, short for Society for Worldwide Interbank Financial
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Finance Minister 'can't sit on fence' on loan sale

Fianna Fáil has said it is “not acceptable” for Finance Minister Paschal Donohoe to wash his hands of the proposed sale of 20,000 mortgages by Permanent TSB, given he is the majority shareholder. The party is demanding that unregulated foreign vulture funds are brought in under the control of the
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Real estate expert: Four reasons you should never buy a timeshare

ATLANTA – Timeshares make perfect sense. Instead of paying a hotel some outrageous rate for a week at the beach, find exactly what you want and share the cost with 50 other couples. Each couple gets a week a year, and the benefits of ownership too, right? Unfortunately, the reality often falls short of
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Walmart's Online Growth Slowed Dramatically Over the Holidays

Walmart Inc (wmt, +1.38%) reported a stellar holiday season if you consider U.S. sales and shopper visits. But the retail giant's e-commerce growth slowed to 23% in the quarter ended January 31, well below the 50% clip it had hit in the previous quarter. A good chunk of that was simple arithmetic as
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Ten-year mortgage rates `have started edging up from rock bottom lows´

Home owners looking to lock into a mortgage deal for the next decade will find the average rate on a 10-year fixed-rate has started to creep up from an all-time low. At the start of February, the average 10-year fixed-rate mortgage on the market had a rate of 2.96%, according to Moneyfacts.co.uk.
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Real Estate – February 20

James L. Davis to Alex E. and Sarah L. Bennett, 3865 S. Cedar Creek Lane, New Palestine, $248,000. Kevin L. Mars and Vicky S. Owens to Cody R. Gray, 234 Illinois St., Shirley, $123,500. Yuriy Kyryk to Steven L. Gillispie, 914 N. Meadows Circle, Buck Creek Township, $194,900. Bright Point Ministries
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The Car of the Future Will Sell Your Data

Picture this: You're driving home from work, contemplating what to make for dinner, and as you idle at a red light near your neighborhood pizzeria, an ad offering $5 off a pepperoni pie pops up on your dashboard screen. Are you annoyed that your car's trying to sell you something, or pleasantly
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Mentoring Matters: Baseball Legend A-Rod Teaches Real Estate To Next Generation

They have all been chosen to be a part of Project Destined, an innovative real estate based education program, for urban youths that teaches them financial literacy and leadership development through mentorship. It was created by Cedric Bobo and Fred Greene, successful businessmen themselves
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Sitting on a Gold Mine? Learn how to invest in real estate and tap into the equity you might not be …

Sitting on a Gold Mine? Learn how to invest in real estate and tap into the equity you might not be …

This seminar is educational, informative and will show you step by step on how building equity/refinancing works in today's real estate market. You will learn how to effectively use your assets to cover your downpayment, renovations and/or closing costs. See how today's mortgage rules impacts you!
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Flagstar Bancorp (FBC) to Acquire Mortgage Warehouse Loan Portfolio from Santander Bank

Flagstar Bancorp, Inc. (NYSE: FBC) today announced that its wholly owned subsidiary Flagstar Bank, FSB, has signed a definitive agreement to purchase a mortgage warehouse loan portfolio from Santander Bank. As part of this transaction, Flagstar will hire the existing relationship managers, adding
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Family of 23 Turns Carnival Legend into 'Cruise From Hell'

They have reportedly refused to leave their house and asked police for help when media tried to interview them. All passengers are now safely on land in Melbourne. They have been offered a 25% credit for future travel. Carnival did not immediately respond to Fortune's request for comment.
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'Typical' Mortgage Payments Could Increase More Than 15% This Year

CoreLogic measures the impact of inflation, mortgage rates, and home prices on affordability using the “typical mortgage payment,” a mortgage-rate-adjusted payment based on the median home sale price and Freddie Mac's average rate on a 30-year fixed-rate mortgage. CoreLogic explains:.
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Home Depot 4Q profit rides strong home improvement market

Along with a strong housing market pushing more people to invest in their homes, hurricane recovery efforts in southern states and Puerto Rico also helped boost revenue. Analysts surveyed by Zacks Investment Research expected a quarterly profit of $1.62 per share and $23.66 billion in revenue.
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Spain's property market just recovered to pre-crisis levels

But they are still 21 percent lower than 2007 at the height of the real-estate bubble. Strong economic growth — 3.1 percent in 2017 — has boosted the recovery of the housing market. “Low interest rates along with a declining (although still-high)unemployment rate, which declined to 17 percent in 2017
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Home Depot's profit, sales top estimates on higher traffic, spending

N) profit beat market estimates for the sixth straight quarter on Tuesday as more shoppers visited the No.1 U.S. home improvement chain and spent more on average amid an improving housing … The U.S. housing market has been on a winning streak, helped by rising employment and higher wages.
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Numerify Achieves Record Revenue Growth and Doubling of Fortune 500 Customer Base

SAN JOSE, Calif., Feb. 20, 2018 /PRNewswire/ — Numerify, a cloud analytics solutions company focused on business analytics for IT leaders, today announced the conclusion of a breakthrough fiscal year with historic growth, the addition of several prominent Fortune 500 names, and significant
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Research Analysts' Recent Ratings Updates for Pacific Premier Bancorp (PPBI)

The Company makes Liberator Series loans, which are for the purchase of residential real property by borrowers who generally would not qualify for Fannie Mae or Freddie Mac loans, and Portfolio Series loans, which is debt consolidation loans for borrowers whose credit history qualifies them.
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Microsoft Chairman John Thompson Talks Cloud Competition, Diversity, and New Rubrik Board Seat

Microsoft chairman John Thompson has another position to add to his 40-plus year-career with some of the world's biggest tech companies. The former Symantec CEO and IBM (ibm, +0.10%) executive has joined the board of fast-growing enterprise technology startup Rubrik, the company announced
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Fianna Fáil calls for Government to act on sale of 20000 PTSB mortgage loans

The opposition party is trying to stop the state-owned bank offloading the distressed loans, warning that an unregulated fund will make families “vulnerable” trying to recoup the debts. Fianna Fail's finance spokesman Michael McGrath spoke with Finance Minister Paschal Donohoe by phone this morning
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Engine Capital Nominates a Slate of Highly Qualified Director Candidates for Election at Navigant's …

Mr. Ajdler has served as a director and on the compensation committee of Stewart Information Services Corporation, a company that provides title insurance and real estate services worldwide, since May 2014, and as a director of StarTek, a provider of business process outsourcing services, since May
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Lending Specialist – Innovative Leading Bank

If you have a passion for sales & want to build a career with a 'Market Leader' in their Mortgage Lending area, Apply Today.
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LendingClub Corp (LC) Shares Sink on Q4 Earnings Miss

Part of Lending Club's lack of success in the quarter came from a class-action litigation settlement expense of $77.25 million during the period following a series of class-action lawsuits filed in federal and California state courts. These arose from some legacy issues disclosed in 2016. On an adjusted
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Productivity Primed to Pick Up in US and Europe, McKinsey Says

Boxes of goods pass along an automated conveyor belt system at Amazon.com Inc.'s new fulfillment center in Kolbaskowo, Poland, on Feb. 16. Photographer: Bartek Sadowski/Bloomberg. The era of anemic productivity growth may be coming to an end in the U.S. and Europe. So says the research arm
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Corruption trial of former Philly sheriff, associate underway

Under their scheme, authorities said, Green received cash payments, secret campaign contributions and other perks in exchange for funneling lucrative work from his office to Davis' advertising and title companies — generating $7 million in fees for Davis' businesses. “A corrupt agreement was precisely
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Private Bank Lending

Alston & Bird's Private Bank Lending Team assists private and national banks develop lending programs focused on ultra-high-net-worth individuals. We help banks serve these individuals and their families by providing continued access to liquid capital through leveraging their vast assets and market
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How you can live mortgage, rent and bill free

For Jo Herbert and her husband, house sitting is now a way of life – with no rent, no mortgage repayments or utility bills. “It's our permanent lifestyle I book house sits so that we hopefully get them consecutively,” she says. The house sitters are so popular, they're just about booked out until October.
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Haute Residence Welcomes Jennifer Shelley to Its Exclusive Real Estate Network

Recently, she has received the REAL TRENDS distinction of a Top Real Estate Agent in the whole state of Montana. “I consider it a privilege to walk these beautiful parcels of property and help clients find exactly what they are looking for,” Shelley says. “I am committed to helping my clients realize their
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Is Donald Trump's Presidency Helping—or Hurting—His Real Estate Brand?

But long before he was a polarizing politician, he was a brash and publicity-savvy real estate mogul who built one of the world's most recognizable luxury real estate companies. He spent a half-century building his real estate brand, and two and a half years (more or less) building his political one. We set
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Term Sheet — Tuesday, February 20

Term Sheet — Tuesday, February 20

RETAIL WARS: Albertsons strikes again. The national grocery chain announced it will purchase the part of Rite Aid that isn't being sold to Walgreens Boots Alliance. The two companies will have a combined value of around $24 billion, including debt. Albertsons, which owns Safeway and 19 other
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B. Riley Analysts Give Matthews International (MATW) a $92.00 Price Target

Matthews International Corp logo B. Riley set a $92.00 price objective on Matthews International (NASDAQ:MATW) in a report published on Monday, February 12th. The firm currently has a buy rating on the stock. B. Riley also issued estimates for Matthews International's Q2 2018 earnings at $0.89 EPS,
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Magnolia Capital Purchases 270-Unit Apartment Building in Oak Park, Illinois

OAK PARK, ILL. — Magnolia Capital has purchased Vantage Oak Park in Oak Park for an undisclosed price. Built in 2016, the 270-unit apartment building features a mix of studio, one- and two-bedroom units. Brian Eisendrath and Mike Bryant of CBRE arranged a 10-year Freddie Mac loan on behalf of
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How much do you need to know about mortgages to get one?

This is something you really need to know about mortgages. Dream too big, and you could end up “house poor,” able to afford your mortgage but little else. Dream too small, and you end up having to move and start over because the home fails to meet your needs. But remember! Mortgage rates, home
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Super-rich drive luxury real estate

(ANSA) – Florence, February 19 – “The number of super-wealthy continue to increase while that of the mid-level wealthy drop, having lost economic power over the past few years,” said Dimitri Corti, founder of Lionard Luxury Real Estate, a company operating in the most expensive segment of the real
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The US 10-Year Looks Poised to Cross a Red Line This Week

Enter the danger zone. Bond markets are signaling the 10-year U.S. Treasury yield may reach 3 percent as early as this week — a potential watershed for risk appetite across asset classes. A deluge of debt supply and the strengthening momentum of bears feeding off inflation fears could help send
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OPEC, Russia See Oil Glut Dissipating at a Faster Rate

The latest discussions between OPEC and its oil-producer allies concluded that the supply glut is dissipating at a faster pace than previously anticipated, say people familiar with the matter. After about four years of surplus, the global market will finally rebalance in the second or third quarter, earlier than
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Walmart Tumbles After Slowing Online Growth Jolts Investors

The Bentonville, Arkansas-based company had been getting a tailwind from its acquisition of Jet.com, an online upstart that it bought in 2016. Still, the company maintained its full-year forecast for online sales growth of about 40 percent. The company also cut its full-year net sales growth forecast by as
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Supreme Court rejects hedge fund appeals regarding Fannie, Freddie bailouts

The Supreme Court declined Tuesday to hear appeals from investors in Fannie Mae and Freddie Mac that their rights were infringed by the terms of the bailouts of the government-sponsored enterprises. Instead, a federal appeals court's ruling against shareholding lawsuits last year will remain in place.
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2018 Real Estate Assessments Available; Average Increase of 2.17 Percent

More than 350,000 updated 2018 real estate assessments are available online and are being mailed to all property owners. Based on equalization changes (market driven value increases or declines for your home), countywide residential real estate assessments are up an average of 2.17 percent, with
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Airline Boom Times Stoke Push by Pilots for Lost Retirement Pay

Airline pilots, still resentful over pensions yanked away in a wave of industry bankruptcies, see growing company profits as a chance to reclaim some of those lost benefits. Unions at American Airlines Group Inc. and Delta Air Lines Inc. are studying ways to reconstitute or replace retirement plans that
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Before and after the crash: Rutherford County's new housing market

I had a very spirited discussion with a colleague last week about the differences between our real estate markets today versus the pre housing market turndown. I have been a Realtor and developer in Rutherford County for since 1993 and have noticed many changes in our local residential market today
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The Top 10 Risk Factors In Flipping Houses (And What To Do About Them)

Market trends: Which way is the housing market moving? Are we booming? Balanced? Heading for a crash? Check in with national sources and your local real estate agent at least monthly for updates on the market. Specifically, you want to know year-over-year trends and the current average days on
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Tesla Hackers Hijacked Amazon Cloud Account to Mine Cryptocurrency

“We weren't the first to get to it,” Varun Badhwar, CEO and cofounder of RedLock, told Fortune on a call. “Clearly, someone else had launched instances that were already mining cryptocurrency in this particular Tesla environment.” The incident is the latest in a string of so-called cryptojacking attacks,
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Nine National Foundations Join to Address Nationwide Housing Instability

LOS ANGELES–(BUSINESS WIRE)–Understanding that stable homes provide an important platform for individual success and thriving communities, nine of the nation's largest private foundations have joined forces to create the Funders for Housing and Opportunity collaborative with the goal of
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CV Market Watch™: VeChain (VEN) Rises on Real Estate Partnership Announcement

CV Market Watch™: VeChain (VEN) Rises on Real Estate Partnership Announcement. The market price … The next step forward to creating a global standard for better business ecosystems forms with VeChain's partnership with real estate and innovation giant, Yida Group(亿达集团)'s technology arm.
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Home Depot's earnings powered by strong US housing market

The U.S. housing market has been on a winning streak, helped by rising employment and higher wages. That has encouraged homeowners to buy new homes or remodel existing ones, benefiting Home Depot and Lowe's. “We believe the (Home Depot) story offers a combination of macro and internal
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How to develop Nigeria's real estate, by experts

The governor acknowledged limited access to housing and mortgage financing, complications in enforcing mortgage contracts and foreclosure on properties in Nigerian courts, slow bureaucratic procedures in land administration and high cost of land registration as serious impediments to adequate
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FCA second charge investigation 'needs to happen' – Clever Lending

The Financial Conduct Authority's (FCA) investigation of the second charge market “needs to happen” and will bring “positive” results, according to Clever Lending managing director Sam Kirtikar. Kirtikar also noted that the majority of second charge customers wanted to pay fees at the end of their
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HUNT Real Estate ERA Listing Ads Powered by Adwerx Enterprise

DURHAM, N.C., Feb. 20, 2018 /PRNewswire/ — HUNT Real Estate ERA, an historic real estate brokerage with offices in both New York and Arizona, today announces that it has joined the Adwerx Enterprise automated listing advertising program. The new program will power listing ads for HUNT's over
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Challenging Market Timing And 60/40 – The Missing Component

Challenging Market Timing And 60/40 – The Missing Component

For example, people who anticipate closing on a house usually liquidate the stocks and bonds they need to do so; why take the risk that those investments would drop before your escrow funds with the title company? Such exceptions aside, investors are usually coached to put almost all their funds to
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Firm Capital American Realty Partners Corp. Announces Acquisitions of US$33.1 Million of Multi …

Firm Capital American Realty Partners Corp. Announces Acquisitions of US$33.1 Million of Multi-Family Residential Properties and Closing of Supplemental Mortgage Loan
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Mueller Charges Ex-Skadden Lawyer With Lying in Russia Inquiry

Manafort was involved in recruiting Skadden to prepare the report on behalf of Ukraine, according to documents reviewed by Bloomberg News. The Skadden team was headed by Gregory Craig, a partner who had worked as President Barack Obama's White House counsel from 2009 to 2010 and for
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Veteran Real Estate Development and Portfolio Management Executive Michael H. McNaughton …

RIDGEWOOD, N.J., Feb. 20, 2018 /PRNewswire/ — Michael H. McNaughton today announced the launch of M2 Real Estate Advisors, LLC, a real estate consulting firm providing counsel and execution support to developers and investors focused on the regional mall, shopping center, urban retail,
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Is Buying Schweitzer-mauduit International Incorporated (NYSE:SWM) Here Good Idea?

Investors sentiment increased to 1.38 in 2017 Q3. Its up 0.06, from 1.32 in 2017Q2. It increased, as 16 investors sold Schweitzer-Mauduit International, Inc. shares while 42 reduced holdings. 20 funds opened positions while 60 raised stakes. 26.05 million shares or 0.38% more from 25.95 million shares
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Current Mortgage Rates Move Up On Tuesday

The markets are back in business in the United States and we're seeing a mixed start for stocks and bonds. It's a very light day for economic data, a theme that continues for most of the week, but we are seeing some upward pressure on Treasury yields and subsequently, mortgage rates. Read on for
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Nyla Nezaj

Understanding your mortgage options can make all the difference when you're looking for a loan that you can comfortably afford. I'm Nyla, based in Oakton, and I'm passionate about building relationships with my clients. As your Senior Financial Center Lending Officer, I can offer educational resources,
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Egypt's Potential Gas Surplus Could Feed Global LNG Glut

The most populous Arab country has facilities to turn gas into super-chilled LNG, which can be exported by ship. Photographer: Dana Smillie/Bloomberg. Egypt faces a possible over-abundance of natural gas after two Israeli companies proposed a $15 billion supply deal, raising the prospect that the
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South Korea Crypto, Qualcomm, Russia Bot Army: Data Sheet, Feb. 20, 2018

While much of the world froths over ill-advised comments made by a Facebook ad exec on Friday in response to Russian agents' use of the service—read more about that in today's edition of CEO Daily, Fortune's leadership-minded newsletter—I'd like to draw your attention to a far less intriguing place:
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Mondelez International's (NASDAQ:MDLZ) “Buy” Rating Reiterated at Barclays

Barclays reaffirmed their buy rating on shares of Mondelez International (NASDAQ:MDLZ) in a research report released on Friday, February 2nd. The brokerage currently has a $50.00 target price on the stock. Several other equities research analysts have also issued reports on MDLZ. TheStreet
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Cheap mortgage rates start to disappear – what's going on and what you should do now

Home owners looking to lock into a mortgage deal for the next decade will find the average rate on a 10-year fixed-rate has started to creep up from an all-time low. At the start of February, the average 10-year fixed-rate mortgage on the market had a rate of 2.96%, according to Moneyfacts.co.uk .
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Supreme Court Rejects Hedge Funds on Fannie, Freddie Suits

The rebuff left intact a federal appeals court ruling that sent Fannie and Freddie shares plunging a year ago. … Fannie Mae and Freddie Mac provide housing-market liquidity by buying mortgages, then bundling them into securities on which they guarantee payments of principal and interest. The cases
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Lapses in banking system: Govt seeks RBI's views

In its letter, finance ministry has pointed to sections 35, 35A and 36 of the Banking Regulation Act, 1949, to highlight the powers and functions of the RBI as regulator | Lapses in banking system: Govt seeks RBI's views.
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Mortgage Network Debuts Jumbo Renovation Loan

“The Northeast has some of the oldest housing stock in the country and also some of the most expensive homes,” said Laurie Souza, National Business Development Manager for Portfolio/Renovation Lending at Mortgage Network. “We felt there was an underserved market and a need to offer home
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Mortgage Network, Inc. named one of best mortgage companies to work for

DANVERS, MA (February 20, 2018) — Mortgage Network Inc., one of the country's largest independent mortgage lenders, was recently named one of the “50 Best Companies to Work For” by Mortgage Executive magazine, coming in at #15on the list. The rankings are based on over 10,000 loan officer
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Real estate transfers

The following real estate transfers were recorded by the Sandusky County Auditor's Office from Feb. 10 through Feb. 18: Townsend Township. Vickery Point LLC to Greg F. Allen and Janice L. Thomas, 37.12 acres on Clearview Dr., $70,000. Emma S. Holmes to Kent R. Nason, CR 268, $10,000.
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ISLA responds to BMF's draft circular

The International Securities Lending Association (ISLA) has sent a letter to the German Ministry of Finance (BMF) responding to the BMF's draft circular released on 25 January 2018 on the subject of a manufactured dividend rule. In the letter, written under the name of Mark Hutchings, ISLA's
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Albertsons to Buy Rite Aid in Latest Amazon Countermeasure

Retailers have been under growing pressure from online competitors like Amazon.com Inc., and the corner drugstore has been no exception. While the prescription drug businesses at pharmacies has been relatively stable, front-of-the-store sales have been in decline. Giant retailers like Walmart Inc. are
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Ní Chuilín comments on latest housing market report

Commenting on the latest report on the housing market Sinn Fein spokesperson on housing Carál Ní Chuilín said: “While slow growth was a concern for those who view housing primarily as an asset, for the many young people and young families being squeezed out of the housing market by prices that
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Branches vs. Digital: Hitting The Retail Delivery Sweet Spot in Banking

Focus too much on digital banking and you risk alienating consumers who prefer traditional channels like branches. But if you don't invest enough in your digital experience, younger consumers may take their business elsewhere. How do you strike the right balance? By Lisa Joyce, Senior Staff Writer for
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Qualcomm's Sweetened Offer for NXP Prompts Sharp Broadcom Rebuke

Qualcomm's Sweetened Offer for NXP Prompts Sharp Broadcom Rebuke

Qualcomm Inc. raised its offer for NXP Semiconductors NV and cut a deal with holders who had been threatening to hold up the transaction — prompting a sharp response from its own hostile suitor Broadcom Ltd. Qualcomm's sweetened offer of $127.50 a share — 16 percent more than the previous price
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CAI International (NYSE:CAI) Lifted to Strong-Buy at ValuEngine

CAI International (NYSE:CAI) was upgraded by ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Friday, February 2nd. Several other equities research analysts have also recently commented on CAI. William Blair reissued an “outperform” rating on shares of
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Qualcomm Gains the Upper Hand in Megadeal Machinations

Locking down a deal for NXP helps the chipmaker in its efforts to win a higher price from Broadcom. By. Brooke Sutherland. @blsuth More stories by Brooke Sutherland. February 20, 2018, 6:48 AM PST. Photographer: Jacob Kepler/Bloomberg. QUALCOMM INC. -1.11. As of 11:54 AM EST. 63.74 USD.
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US probes Latvia banking sector over N. Korea activity

ReutersRIGA (Reuters) — Latvia's ABLV Bank sought emergency support on Monday after U.S. officials accused it of helping breach North Korean sanctions while the country's central bank chief faced bribery allegations, turning up the spotlight on its financial system. The Baltic country, which is a
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In LA, 3 out of 4 residents can't afford to buy a new home: report

With that math, a household would be paying 30 percent of its income on the mortgage payment; any more would be considered burdensome. The high cost of buying a home could be a reason why more than three-quarters of people surveyed by Freddie Mac last summer believed that renting was a
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Old Republic Title Announces Pavaso

February 20, 2018 – Old Republic National Title Insurance Company (ORNTIC) has unveiled a national digital strategy that involves our exclusive use of Pavaso®, an eClosing solution that serves as a foundation for processing digital real estate transactions in ORNTIC's direct and national settlement
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Hedge Funds Rejected by Top Court on Fannie, Freddie Suits

The funds have been allowed limited discovery in the U.S. Court of Federal Claims and they say the discovery shows the government lied when it decided to sweep Fannie's and Freddie's profits. However, no court has yet said that the government's motives even matter, and the only courts to rule so far
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WisdomTree to Shutter Nine ETFs

The WisdomTree Strong Dollar Emerging Markets Equity Fund (NYSEARCA:HMSD), WisdomTree Global ex-US Hedged Real Estate ETF (NYSEARCA:HDRW), WisdomTree US Export & Multinational ETF (NYSEARCA: WEXP) and the WisdomTree US Domestic Economy ETF (NYSEARCA: WUSA) will
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The Impact of Rising Rates on Housing Market Potential, According to First American Potential …

“In January, the market potential for existing-home sales increased to a 6.1 million seasonally adjusted annualized rate (SAAR), a 0.4 percent month-over-month increase, and a gain of 210,000 (SAAR) sales from January 2017,” said Mark Fleming, chief economist at First American. “The gap between
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Cubic President, CEO Bradley Feldmann Adds Board Chairman Title

Bradley Feldmann, president and CEO of Cubic (NYSE: CUB) since July 2014, has been named chairman of the San Diego-based company's board of directors. Cubic said Monday Feldmann succeeds Walter C. Zable, who held the board chairman role for the past five years. As president and CEO,
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Opus Bank Names Evan Purcell Managing Director, Healthcare Banking

Opus Bank announced that Evan Purcell has been named Managing Director, Healthcare Banking. Mr. Purcell, a 14-year banking and finance veteran, is responsible for providing senior debt financing and banking solutions to hospitals, long-term care facilities, behavioral health companies, hospice
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Is Buying Standex International Corporation (NYSE:SXI), Having Lower Short Interest a Winning …

Investors sentiment decreased to 1.06 in Q3 2017. Its down 0.03, from 1.09 in 2017Q2. It fall, as 8 investors sold Standex International Corporation shares while 42 reduced holdings. 17 funds opened positions while 36 raised stakes. 10.01 million shares or 0.78% less from 10.09 million shares in
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Black Knight Adds Puerto Rico Data to McDash Database

“That impact extends into the mortgage market as well. Expanding our dataset to include mortgage loans in Puerto Rico will help industry professionals assess mortgage credit, prepay and loss performance on the island, even in the best of times. Post-Maria, the need for insight into loans on the island
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How Banks Can Play a Role in Regulating Guns: DealBook Briefing

My latest column, on how banks and credit card companies could restrict support of gun sales in the wake of last week's school shooting, has stirred up chatter in the business world. I've heard from people throughout corporate America overnight since it was published. Many said privately that they want
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Dolls Who Code: Barbie-Branded Coding Lessons Start This Summer

Barbie has had many careers: Aerobics instructor, paleontologist, and scuba diver, to name a few. Now, the 59-year-old doll is taking on yet another role—teaching girls to code. Toymaker Mattel announced a series of Barbie-branded coding lessons at the annual International Toy Fair in New York,
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While US Flaps About 3% Bonds, Spain Rakes in the Euros

This column does not necessarily reflect the opinion of Bloomberg LP and its owners. To contact the author of this story: Marcus Ashworth in London at mashworth4@bloomberg.net. To contact the editor responsible for this story: Jennifer Ryan at jryan13@bloomberg.net. Before it's here, it's on the
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DCHFA Closes First HUD Level I 50/50 Risk Share Transaction by Financing the Preservation of …

HUD approved DCHFA as a 50/50 Risk Share lender in April 2017. The program is independent of the Federal Housing Administration's (FHA) traditional mortgage insurance that provides credit enhancement on HFA originated loans. The FHA assumes only a portion of the risk and delegates loan
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Supreme Court Rejects NRA on California's Gun-Transfer Fees

The U.S. Supreme Court rejected an appeal from the National Rifle Association, letting California keep using fees paid on firearm transfers to help fund efforts to track down people who acquire guns illegally. The NRA and California gun-rights advocates argued that the state was unconstitutionally using
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Here's When Uber's Flying Taxis Might Actually Take Flight

Speaking on Tuesday at an investor forum in Tokyo, Uber CEO Dara Khosrowshahi predicted that his company's Uber Air flying taxis will be commercialized and used widely within the next five to ten years. According to Reuters, which earlier reported on the event, Khosrowshahi said that he believes the
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Spotify Could Be Working on an Apple HomePod Killer

Streaming music provider Spotify appears to be working on a hardware product. And some industry watchers question whether an Apple HomePod alternative is in the works. Spotify recently published a recruitment ad on its website seeking an “Operations Manager — Hardware Product,” according to
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LL Bean Will Regret Ending Lifetime Product Guarantee

LL Bean Will Regret Ending Lifetime Product Guarantee

But in the long run, the only people returning years-old products would be dedicated L.L. Bean customers. Those happy lifers would keep profit margins high, while fraudsters would get the boot. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.
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Outrage Over Poland's Holocaust Law Prompts Call to Look for a Way Out

After the defeat of Nazi Germany in 1945, Sonshine's two uncles walked back to his mother's home town in the south of Poland where his grandfather ran a grain business, to check “who else was alive,” he told Bloomberg News in Toronto. Realizing they wouldn't make it there before dark and that it
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Valuation Dashboard: Financials And Real Estate – Update

Real Estate Services look fairly priced for P/E and Price to Free Cash Flow. They are also above their baseline in profitability measured by ROE, but they have a very bad Price/Sales ratio. Equity REITs look close to fair price and are close above their historical baseline in profitability. Capital Markets are
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Navistar International (NAV) Lifted to “Strong-Buy” at Zacks Investment Research

Navistar International logo Navistar International (NYSE:NAV) was upgraded by Zacks Investment Research from a “sell” rating to a “strong-buy” rating in a report released on Tuesday. The brokerage currently has a $44.00 price objective on the stock. Zacks Investment Research's price objective
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Germany insists on risk reduction before banking union completed

BRUSSELS, Feb 20 (Reuters) – Germany's acting finance minister said on Tuesday that Berlin wanted European banks to reduce risks on their books before governments can complete a banking union by creating an EU-wide bank deposit guarantee scheme. Peter Altmaier, a close ally of Chancellor
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US Pays Up to Auction $179 Billion of Debt in a Span of Hours

Alexander Dryden, global market strategist at JPMorgan Asset Management, discusses the impact of rising bond yields. The U.S. Treasury on Tuesday sold $179 billion of securities as it works to rebuild its cash balance, with yields at its auctions of three- and six-month debt rising to levels unseen since
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Latvia's top banking official has been accused of taking a bribe

ILMARS RIMSEVICS, governor of Latvia's central bank for the past 17 years, had been due to retire next year. Instead, he is facing calls to resign. On February 17th he was detained by Latvia's anti-corruption authority on suspicion of taking a bribe of at least €100,000 ($123,000). The prime minister
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Gen X Exerts Automotive Spending, Borrowing Power

Auto lending grew 5.5% between the fourth quarters of 2016 and 2017, TransUnion says. But that annual growth rate is the lowest since a 5.3% rise between the same periods in 2012 and 2011. “Auto lending is stabilizing after years of rapid growth, due in part to responsive underwriting,” Landau says.
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William Lyon Homes Announces Agreement to Acquire RSI Communities, a Southern California …

… or RSI Communities' business operations during the pendency of the acquisition; adverse weather conditions; the availability of labor and homebuilding materials and increased construction cycle times; the availability and timing of mortgage financing; our financial leverage and level of indebtedness
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Coldwell Banker Real Estate Announces Annual Award Winners

Coldwell Banker Real Estate LLC has announced its 2017 year-end award recipients for numerous company, team and agent categories in North America. The brand also celebrates the winners of its top…
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Top Cybersecurity Firm Carbon Black Names Chief Cybersecurity Officer

“I decided I needed to stop armchair quarterbacking and get back into the fight,” Kellermann tells Fortune. He says he had an epiphany while hiking in Boulder, Colo. last summer. Kellermann, who started in the new role on January 22, says he will remain on at Strategic Cyber Ventures as vice chair of
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UPDATE 1-HSBC weighs on European banking stocks

LONDON, Feb 20 (Reuters) – European shares were mixed ahead of Wall Street's return from a holiday, with banks falling after HSBC reported weaker than expected earnings and said it needed as much as $7 billion of fresh capital. At 0955 GMT, the pan-regional STOXX 600 benchmark was
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Blue & White Student Real Estate Symposium

Please join us Friday, April 20th at 12:00 pm to kick start the Blue & White Weekend with an engaging session put on by our Real Estate students. During this lunch and symposium, six students will be presenting research presentations they have composed throughout the semester relating to relevant
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Apple Is Officially Taking Over the Watch Business

“The cellular version of the Apple Watch was in strong demand in the U.S., Japan, and Australia, where all major operators stocked it in time for the holiday season,” said Vincent Thielke, an analyst at industry researcher Canalys. In the fourth quarter of 2016, Apple's six million shipments represented
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Proskauer Expands Private Equity and Real Estate Industry Offering

LOS ANGELES–(BUSINESS WIRE)–International law firm Proskauer today announced the arrival of transactional lawyers Don Melamed and Albert W. Stemp as partners in its Los Angeles office. Their arrival follows a number of high-profile additions to the Firm's private investment fund and real estate
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Government Science Site Becomes Prime Real Estate for Fake Movie Pirates

The National Center for Biotechnology Information website is an invaluable resource for finding scientific studies and papers. Recently, it also became a promotional vector for a potential phishing site offering pirated movie streams. As Gizmodo discovered Monday evening, the science database was
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What do rising interest rates mean for homeowners?

CoreLogic built a model to project what a typical monthly mortgage payment would be if the rates rose by 0.85 percentage points over the next year, which it calculated by averaging multiple rate increase forecasts, including from Freddie Mac, Fannie Mae, and the Mortgage Bankers Association.
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Plenty of people I know in banking are waiting to get laid off

A few years ago, I moved from a small brokerage firm to a major investment bank. It was a scary move to make and I wasn't sure if it was the right one. My job at the brokerage firm was secure and it seemed risky to leave it. My existing manager tried to persuade me to stay, saying that banks were going to
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Sandy Spring Bank Has $3.96 Million Stake in Marriott International Inc (MAR)

First Allied Advisory Services Inc. raised its stake in shares of Marriott International by 7.1% in the 2nd quarter. First Allied Advisory Services Inc. now owns 3,530 shares of the company's stock worth $357,000 after buying an additional 235 shares in the last quarter. Advantus Capital Management Inc
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Applebee's Is Closing Another 80 Restaurants

… improve the restaurant's fortunes. In 2017, U.S. comparable same-restaurant sales fell 5.3% at Applebee's, and also slipped at sister chain, the pancake-focused IHOP, where they declined 1.9% last year. The company also announced on Tuesday it was changing its corporate name from Dine Equity.
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Lending Works Selects Credit Kudos to Power New Open Banking Initiative

Lending Works Selects Credit Kudos to Power New Open Banking Initiative

On Monday, Credit Kudos, a challenger credit bureau, and Lending Works, a fast-growing peer-to-peer (P2P) lending platform, announced they were teaming up to launch a new Open Banking initiative, which is described as a secure way for banking customers to take control of their financial data.
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Tampa Bay's M&A activity slows slightly

In 2016, there were two mega-deals: Johnson & Johnson's $3.3 billion purchase of Vogue International in Clearwater and CVC Capital Partners' $1 billion acquisition of Anchor Glass Container Corp. in Tampa. Generally, Tampa Bay is a good market for both buyers and sellers, said Robert Grammig,
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Mortgage Brokers Association recommends stronger enforcement of existing regulations to control …

VANCOUVER, British Columbia, Feb. 20, 2018 (GLOBE NEWSWIRE) — The Canadian Mortgage Brokers Association – British Columbia (CMBA-BC) is urging Attorney-General David Eby to increase enforcement of regulations that prohibit unlicensed brokers from lending money. The association
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Digital Identity for Mortgage Finds Few Takers

Security concerns are the key barrier for consumers from being more open to adopting digital identity for home buying and renting or for mortgage applications, according to the National Housing Survey (NHI) conducted by Fannie Mae. The GSE had surveyed consumers on their perception of digital
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Fox Ties Disney to Sky News Guarantee to Win Takeover Approval

21st Century Fox Inc. is sweetening its offer to U.K. regulators reviewing its takeover of Sky Plc, raising the prospect that Walt Disney Co. would guarantee the future of the European broadcaster's news service. Rupert Murdoch's Fox, which is in negotiations with competition authorities over its 11.7 billion
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Coinbase to Launch SegWit Upgrade

Coinbase Inc., the largest U.S. cryptocurrency exchange, is planning to roll out a long-awaited software update in an effort to reduce transaction fees customers pay when sending Bitcoin. The upgrade, called Segregated Witness or SegWit, was first made available by developers in August as Bitcoin's
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Real estate developer accused of exposing himself to 7-year-old

BEE CAVE, Texas (KXAN) — A well-known real estate developer in the Austin area is accused of exposing himself to a 7-year-old girl. Christopher F. Milam, 57, faces a charge of indecency with a child, according to an affidavit. It's a third-degree felony offense. The girl told police Milam exposed himself
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Hedge Funds Stand to Win With Qualcomm's Boosted Offer for NXP

Shares climbed about 22 percent over the past year. The deal was first announced in 2016. Elliott first acquired its stake in NXP in the second quarter of 2017, Bloomberg data show. Most of the other big hedge fund owners have held the stock even longer. HBK Investments, D.E. Shaw & Co. and Och-Ziff
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Thomas Black Of Napali Capital Accepted Into Forbes Real Estate Council

SOUTHLAKE, Texas, Feb. 20, 2018 /PRNewswire/ — Thomas Black, M.D., co-founder and managing partner of Texas-based real estate investment company Napali Capital, has been accepted into the Forbes Real Estate Council, an invitation-only community for executives in the real estate industry.
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2018 brick trends show whites, grays, black, painted and glazed exteriors

Fired-clay brick trends this year feature whites, grays, black, deep reds, painted and glazed brick with overall larger sizes. Brick Industry Association (BIA) member …. It seems like you're interested in up-to-date Charlotte-region real estate news. We're also one of the best sources for the latest foreclosure
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Mantech International (NASDAQ:MANT) Upgraded at BidaskClub

Loop Capital lifted their price target on Mantech International to $57.00 in a report on Tuesday, December 19th. Zacks Investment Research downgraded Mantech International from a buy rating to a hold rating in a report on Friday, February 2nd. Cowen reaffirmed a buy rating and set a $54.00 price
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3M Could Settle $5 Billion Lawsuit Over Scotchgard Pollution Claims

3M Co. may be poised to settle a lawsuit with Minnesota that sought $5 billion over pollution from former Scotchgard ingredients after a trial was abruptly halted. The jury trial, which had been scheduled to run at least four weeks, came to a halt Tuesday morning with an announcement pending. The case
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Ultimate Software Named #3 Best Company to Work For by Fortune

WESTON, Fla.–(BUSINESS WIRE)–Ultimate Software (Nasdaq: ULTI), a leading provider of human capital management (HCM) solutions in the cloud, announced today that Fortune and Great Place to Work have ranked Ultimate #3 on their 2018 list of the 100 Best Companies to Work For. This marks
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Abbas, Haley Trade Barbs Over Trump's Israel Stand at UN

Abbas speaks at the United Nations Security Council on Feb. 20. Photographer: Timothy A. Clary/AFP via Getty Images. Palestinian President Mahmoud Abbas called President Donald Trump's decision to move the U.S. embassy in Israel to Jerusalem a “dangerous” development in a speech before the
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What The Climbing Debt Defaults Really Mean For The Economy

A fair portion of that interest rate, according to the Fed, was an uptick in mortgage lending. The NY Fed additionally reported that consumer credit (credit figures that do not include real estate debt) rose by $27.95 billion from the previous month, the largest increase in 16 years. That increase was about
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Friends in High Places: Church Spires Become Wireless Towers

… skatepark (Skaterham in Surrey). There's even one house of worship that got converted into a fancy swimming pool. The U.K. government's deal with the Anglicans may save some of England's other churches from a similar fate. This article also ran in Bloomberg Technology's Fully Charged newsletter.
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Trading Is a Good Way to Set a Price

When you are a private company your stock doesn't really trade. When you become a public company your stock is listed on a stock exchange and trades all the time, like in microsecond increments. This is a jarring transition. All the people who will be trading your stock need to figure out what price it
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Amicus launches commercial mortgages business

Amicus Commercial Mortgages has launched, which will work with a specialist group of expert brokers to provide commercial mortgages across a broad range of SME sectors, property types and borrower risks. Rob Lankey, who joined Amicus Finance in May 2017 to strengthen its diversified lending
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Backing up Europe's banks

Since we have a banking union, there needs to be a European solution. euronews: How have, in your opinion, the solutions we've found from the banking union helped a normal citizen at home? Moscovici: First, the bank balance sheets are much better than they used to be And when there is a difficulty,
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Pharmaceutical Titan's Senate Bid Will Test Voters' Views on Drug Prices

He left in the dot-com era to join what was then a small and, as Hugin tells it, near-bankrupt biotechnology firm. Robert Hugin. Photographer: Andrew Harrer/Bloomberg. That company, Celgene Corp., is now the $72 billion maker of one of the most successful cancer drugs in history — and a symbol of
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World's Biggest Container Liner Looks for Deals Outside Shipping

World's Biggest Container Liner Looks for Deals Outside Shipping

The world's largest container company will start looking for takeover targets outside the shipping industry as it tries to pre-empt a new competitive landscape in which customers are morphing into rivals. Jakob Stausholm, A. P. Moller-Maersk A/S's chief financial officer and head of transformation and
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MotoLease Joins New Cloud-Based Lending Management Platform

LeasePak-Cloud is an end-to-end portfolio management solution for leasing and lending originations that streamlines the finance process from contract origination to end-term. Features include managing originations, accounting, collections, and customer service. For a monthly fee, the system is
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SunTrust Says Plunge in Oilfield Services a Huge Buying Opportunity

The company posted solid fourth-quarter results that topped analysts' estimates, driven by better pricing and increased activity in every reporting region, with particular strength internationally. The company's revenue trajectory exceeded Schlumberger's fourth-quarter detail. Halliburton shareholders are
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New York Mortgage Trust Reports Fourth Quarter 2017 Results

The Company was able to purchase a Freddie Mac K-Series first loss PO security and certain related IO securities for approximately $36.7 million in October, even though competition for credit assets continued to be very competitive. This is the second Freddie Mac K-Series investment we completed this
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Brazil's Army Will Need More Than Guns to Fix Rio de Janeiro Crime

Army Soldiers and the Civil and Military Police made an operation in the Jacarézinho Favela in search of drug traffickers, oon Jan. 18 . Photographer: Fabio Teixeira/NurPhoto via Getty Images. When Brazil's President Michel Temer put an Army general in charge of Rio de Janeiro's security last week,
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How Does Apple Define Success? Any Way It Wants.

… Beats products including headphones and more — generated $14.3 billion in sales last year. Cook is fond of employing the Fortune 500 as a yardstick for his businesses, so this one is for him: The revenue from “other” products slots just behind Waste Management, which Bloomberg data show has the
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Aflac Lands Placement on Fortune's 100 Best Companies to Work For List for 20th Consecutive Year

COLUMBUS, GA, February 20, 2018 /3BL Media/ – For the 20th consecutive year, Aflac has been named one of Fortune's 100 Best Companies to Work For, according to global research and consulting firm Great Place to Work® and Fortune. The leading provider of voluntary insurance at the worksite in
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Sprint Is Selling $1 Billion in Junk Bonds to Upgrade Its Network

Sprint Corp. is selling junk bonds for the first time in three years as the fourth-largest U.S. mobile-phone company invests to upgrade its wireless network. Sprint is selling $1 billion of unsecured junk bonds due 2026, according to a filing Tuesday from the Overland Park, Kansas-based company.
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Mueller Wins Fourth Guilty Plea as Ex-Skadden Lawyer Admits Lies

A London-based lawyer pleaded guilty to lying to U.S. officials investigating Russia's meddling in the 2016 presidential election about his contacts with Rick Gates, a former associate of onetime Trump campaign chairman Paul Manafort. Van der Zwaan arrives at Federal Court in Washington on Feb. 20.
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Mortgage Banker – Cohen Financial

Pillar/Cohen is a division of SunTrust Bank and an integrated full service provider of capital related products and services to the commercial real estate industry. This position will operate as an integral member of an office of between 2 – 8 professionals with debt origination/placement. Focus will be on
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Latvia Signals Russia May Be Interfering in Banking Crisis

While it didn't explicitly name Russia, the ministry cited recent events, including the publication of a photograph that allegedly shows Latvian Central Bank Governor Ilmars Rimsevics in Russia, as evidence of an attempt to damage the country's image and erode public trust in the state before elections
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The Latest in Mortgage News – After the Stress Test

The fallout from OSFI's new mortgage stress test continues to play out across the mortgage industry. Some mortgage brokers are reporting an increase in their clients' applications being rejected by the big banks and monoline lenders as a result of the new qualification rules. In some cases, the rejection
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Walmart's Catch-Up Game With Amazon Hurts Its Margins

Walmart Inc.'s battle with Amazon.com Inc. is hitting its bottom line like never before — and testing the patience of investors. The retail giant's push to expand online operations and cut prices contributed to a record-low operating margin last quarter, according to data compiled by Bloomberg. The profit
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Hypergiant Aims to Be Artificial Intelligence Concierge to Fortune 500

Lamm, CEO of the chatbot company Conversable, started Hypergiant with the lofty goal of better matching Fortune 500 companies with AI solutions. The company contains R&D and venture capital arms to invest in smaller companies it can then match with its clients case-by-case. The result, Lamm said,
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Trump Appointee 'Conflict' Throws Key Labor Ruling Into Doubt

The NLRB inspector general says a Republican board member should have recused himself from a decision protecting companies. By. Josh Eidelson. @josheidelson More stories by Josh Eidelson. February 20, 2018, 11:10 AM PST. An employee fills an order at a restaurant on the boardwalk at Coney
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BC readies housing affordability plan amid skyrocketing home prices and soaring rents

Condos and apartment buildings in Vancouver. Experts anticipate a mix of supply and demand levers in the B.C. NDP's new housing policy, including a speculation tax and a widening of Vancouver's foreign buyer tax, introduced by the previous Liberal government in 2016, to include more cities.
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AT&T Loses Bid for White House, Sessions Contacts on Time Warner

The U.S. Justice Department doesn't have to say whether there were any communications between the White House and Attorney General Jeff Sessions about AT&T Inc.'s proposed acquisition of Time Warner Inc., a judge ruled. The decision is a loss for AT&T, which has suggested that Trump's animus
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TruAmerica Multifamily buys California apartment community for $90.5 mln

TruAmerica's acquisition was leveraged with seven-year agency financing through Freddie Mac's select sponsor program. The financing was arranged by Berkeley Point Capital Senior Managing Director Mitch Clarfield. About TruAmerica Multifamily TruAmerica Multifamily is a vertically-integrated,
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FTSE 100 book slight loss as buying cools after HSBC, BHP quarterly results

“While the internationally focused FTSE 100 has moved lower given the negative impact of a strong pound on internationally located firms, the positive implications of today's Brexit breakthrough seems to have been better reflected on the domestically focused FTSE 250 index,” he said. The midcap FTSE
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Property/Asset Manager (Etkin Johnson Real Estate Partners)

COMPANY: Etkin Johnson Real Estate Partners JOB TITLE: Property/Asset Manager SALARY: Send salary requirements with resume & cover letter. LOCATION: Denver, CO (local candidates only). Company Description: Etkin Johnson Real Estate Partners is a full- service, privately owned commercial
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Administrative Assistant – Corporate Banking – Los Angeles, CA

Administrative Assistant – Corporate Banking – Los Angeles, CA

Provides administrative support to individuals or department. Performs general clerical and general office duties involving typing, record and file maintenance, mail distribution, answering telephones, writing memos, etc. as directed. Can also input data into spreadsheets and/or databases. Follows
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Cairns' fortune finally changes

The dying stages of Cairns FC's inaugural 3-2 win against Brisbane Roar Youth at Cornubia Park on Saturday night left coach Danny Graystone with conflicting emotions. One one hand, the coach was proud of his charges who were “treated with a lack of respect” by their hosts, only to prevail with yet
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Vegan Chocolate Awarded Title of 'Best Easter Egg' in the UK

Booja Booja is an artisan chocolate company, based in Norfolk. Everything made by the company is organic, dairy-free, gluten-free, vegan-friendly, and soya-free. This makes their range of chocolates and ice cream appealing to consumers with allergies and those who follow various lifestyle choices.
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Black Panther's Record-Breaking Opening Weekend, in Photos (and Costumes)

Black Panther, the Marvel Studios superhero flick that opened Friday, is stalking its way into the cultural zeitgeist in ways few movies ever do. The Walt Disney Co.-produced picture, the first big Hollywood action movie with a majority black cast, took in an estimated $242 million over the four-day
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Mortgage delinquencies/foreclosures continue downward trend in Bellingham

Core Logic is a research firm that studies real estate trends for business and government. Their most recent report for the month ending November 30 shows 2 percent of mortgages were delinquent at least 30 days, down from 2.3 percent the year prior. The foreclosure rate was cut in half during the
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Risks from mortgage stress are not acute: RBA

The risks to financial institutions and stability from household mortgage stress are not acute at the moment, said RBA assistant governor Michele Bullock yesterday. Citing data from surveys of Household, Income and Labour Dynamics in Australia (HILDA) and the Survey of Income and Housing (SIH),
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NBFCs may grab larger share of corporate lending

The share for non-bank finance companies (NBFCs) in corporate lending might increase as the revised stressed asset framework predicts higher non-performing assets (NPAs) for banks. “Pressure on asset quality could mean that banks would not be as aggressive about lending as before, because they
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Central bank chief suspended in Latvia corruption scandal

Meanwhile, ABLV, Latvia's third largest bank, stands accused by the US Treasury of widespread money-laundering. The European Central Bank (ECB), which supervises Latvia's banking system, has suspended all payments by the bank in the meantime. Among those on whose behalf ABLV is said to
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How do I record a mortgage payment?

Similar Questions. How to record a check deposit after I recorded sales order? How to record a check deposit after I recorded sales order?I went to Banking- Make deposits, clicked on payment and no sales receipts are showing. Am I recording sales order deposit correctly? What needs to be done to
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Trump accuser calls for release of video footage from Trump Tower after Trump denies forcibly …

Trump accuser calls for release of video footage from Trump Tower after Trump denies forcibly kissing her … Rachel Crooks, who accused President Trump of forcibly kissing her in 2006, is calling for the release of video footage from Trump Tower that will … One had her home mortgage paid off.
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Real Estate Values And REITs

One of the topics that has come up in the comment sections of my articles is the concept of NAV and real estate values as they pertain to REITs. In my articles on Realty Income (O), there was discussion about the impact of dispositions which were far below initial purchase prices. In my article on
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Debbie Rickards Joins Taylor Bank

Berlin, Maryland (February 20, 2018) – Raymond M. Thompson, President and Chief Executive Officer of Calvin B. Taylor Bank has announced that Debbie A. Rickards has joined the bank as a Customer Service Associate. She will be located at the bank's main office in downtown Berlin. Ms. Rickards
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Billionaire Daryl Katz lands a Malibu estate for $85 million

Katz, 56, has history when it comes to L.A.'s high-end real estate market. Three years ago the investor paid $34.5 million for the onetime Art Linkletter estate in Bel-Air. He followed that up in 2016 by buying a nearby home once owned by Arthur Marx, the son of comedian and actor Groucho Marx, for $9.1
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Latvia jolted by US probe and arrest of central bank chief

Ilmars Rimsevics, the Bank of Latvia's governor and European Central Bank (ECB) representative, was detained over the weekend and then released on bail, the BBC says. Rimsevics denies taking a €100,000 (£88,000) bribe. He has not been formally charged and refused to resign yesterday, claiming
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NEXT Mortgage Conference Announces 'NEXT Who's Who' Winners

Receiving the most votes was first place winner Cerita Battles, senior vice president and head of retail diverse segments at Wells Fargo Home Mortgage. Battles was a featured speaker on “Technology and the Borrower Experience,” a session that was presented on Thursday, January 18, 2018, the first
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Why Home Investors Are Paying Attention To This One Thing

The one thing that affects all real estate investors is the housing market. Savvy home investors understand that a property's location within the market influences everything from the available inventory to the long-term appreciation prospect. Here are some other reasons why home investors pay close
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ANZ grows mortgage book

ANZ grew its Australian residential mortgage book by 10% annualised to $98bn in the December 2017 quarter, despite the clampdown on certain types of lending. The growth was largely driven by owner-occupied loans, estimated to be 1.2 times faster than the system rate. The bank recorded $5.7bn in
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Nationwide adoption of online notarization just took a big step forward

One of the main things standing in the way of a fully digital mortgage in many states is the requirement for a notary to witness the signing of the … only four states allow online, remote notarization, which allows borrowers to “sign” their mortgage documents from anywhere, via secure video conferencing.
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Global Lending Services LLC Enters Agreement with BlueMountain Capital Management, LLC for …

GREENVILLE, S.C., Feb. 20, 2018 /PRNewswire/ — Global Lending Services LLC (“GLS” and the “Company”), a leading national non-prime auto finance lender headquartered in Greenville, SC, today announced that funds managed by BlueMountain Capital Management, LLC (“BlueMountain”) have
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Latvia's scandals show limits of EU bank rules

That, in short, is the argument for greater banking union in the eurozone. In a single market with single currency, if one country's banking system falls into crisis, others will tend to follow. Sound banking regulations are not like vaccines, where so long as a sufficient majority of the community take the
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Pegasus Partners Ltd. Sells 33469 Shares of Old Republic International Co. (NYSE:ORI)

Pegasus Partners Ltd. Sells 33469 Shares of Old Republic International Co. (NYSE:ORI)

(NYSE:ORI) by 25.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. … operations through various regulated insurance company subsidiaries, which are organized into three segments: General Insurance Group, Title Insurance Group and the Republic
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Don't fall for the staging: Real estate expert on how to avoid rookie buyer mistakes

Being a first-time home buyer without guidance from qualified professionals is like using the internet to diagnose a serious illness — it's not going to end well. That's the advice Toronto real estate agent and industry expert Karyn Filiatrault gives to millennials looking to enter the housing market. She joined
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BearWaters embroiled in property dispute

While the company is achieving undeniable success in Canton, the town's first brewery has hit a snag in the form of a property dispute that pits …. “We told Tom that if you have an issue with this, you should file a civil suit, and that's why we have title insurance and the bank has title insurance on this
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Steven Seagal Is Endorsing a Cryptocurrency—But You Might Want to Avoid It

It's not uncommon for one business to try to ride another's coattails by using a slightly tweaked version of a popular name—such as Sonia (rather than Sony) headphones or a pair of “Adidos” or “Cnoverse” sneakers. Now that questionable style of rebranding is hitting the crypto world—and the founders
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RSA Funding Sees An Increase In Requests For Stated Income Commercial Mortgage Loans

RSA Funding, the always innovative nationwide commercial mortgage broker has seen a great increase in requests by clients for stated income commercial mortgage loans. According to Rob Shea, owner of RSA Funding, “We have seen a lot more requests for alternative financing options by
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PTSB loan sale may be to regulated banker, says Taoiseach

Permanent TSB's non-performing mortgage loans may be sold to a regulated bank or another institution, Taoiseach Leo Varadkar has said. He told the Dáil on Tuesday the bank had not yet sold any of the loans and had not identified a prospective buyer. It was an assumption by some people that the
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South City examines affordability policy

From the foundation set by new state laws emphasizing affordable housing development, South San Francisco officials are seeking ways to facilitate constructing below-market units without scaring away builders. The South San Francisco City Council addressed concerns borne from the regional
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Wetlands Mitigation Banking with Jud Hill

The Water Values Podcast veteran Jud Hill returns to discuss wetlands mitigation banking. Jud, an experienced water investor, now turns his attention to bringing scale, expertise and capital to the wetlands mitigation space. Jud gives a soup to nuts discussion of how wetlands mitigation banking works,
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Lucky Charms Is Adding a Magical Unicorn to Its Marshmallow Rainbow

General Mills has announced it will be adding a new marshmallow to Lucky Charms — a unicorn. It's the first substantial change to the cereal in roughly 10 years. When all your 🦄🦄🦄 UNICORN 🦄🦄🦄 dreams come true! #magicallydelicious #unicornmarshmallow #🦄 #❤ . A post shared by Lucky Charms
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Tanzania: Bank Loans Expected to Be Cheap

Banks borrow and lend money in the interbank lending market in order to manage liquidity and satisfy regulations such as reserve requirements. The report shows that Sh106 billion was traded overnight during last week, higher than Sh77 billion the previous week, indicating increased cash demand.
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What if the Housing Bust Didn't Happen?

Even by the most optimistic projections, it will take until the end of 2019 for home values to get back to the level where they would have been if the housing bust didn't happen. On average, panelists said its likely home values won't reach those levels for more than five years, at least. On average, experts
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Elon Musk's Brother Is Auctioning Off One of the First Tesla 3s to Raise Money for This Charity

Tesla (tsla, +0.33%) has a new electric car, the relatively affordable Model 3, that its factory is struggling to produce in enough numbers to meet red-hot demand. Kimbal Musk, a company director and brother of Tesla CEO Chairman Elon Musk, has a plan to put that problem to good use. Kimbal Musk
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HSBC mortgage lending soars £6bn to hit £21bn

According to the results HSBC's book of UK first-charge mortgage loans totalled approximately £88.6bn ($119bn) at the end of the year, with £11.84bn ($16bn) of interest-only lending. During the year, £125m ($170m) of interest-only mortgages matured, the bank said. Of these, 1,290 loans with total
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Interested In New York Mortgage Trust Inc (NASDAQ:NYMT)? Here's What Its Recent Performance …

Examining New York Mortgage Trust Inc's (NASDAQ:NYMT) past track record of performance is a valuable exercise for investors. It enables us to understand whether the company has met or exceed expectations, which is a powerful signal for future performance. Below, I will assess NYMT's latest
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Why the Global Banking Spotlight Is Shining on Latvia: QuickTake

One of its biggest lenders is accused of laundering money for North Korea. Its central bank chief was detained by anti-corruption police. All in a matter of days. What's going on in Latvia? The Baltic nation of 2 million people — once a Soviet republic — is no stranger to financial scandal. 1. What does
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Washington Real Estate Continuing Education

We help you pursue Washington Real Estate continuing education. Our CE for Real Estate agents is up to date and aligns with state guidelines. Click here for more information!
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Lake Michigan Credit Union hires Matthew Chojnacki as mortgage loan originator

GRAND RAPIDS, MI (February 20, 2018) — Lake Michigan Credit Union (LMCU) is pleased to welcome Matthew Chojnacki to its team as a mortgage loan originator for the Rochester, Michigan area. Chojnacki graduated from Central Michigan University in 1993 with a bachelor's degree in finance.
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Frauds are a growth industry in Indian banking

The CIBIL database has details of wilful defaulters (a euphemism for those who have defrauded banks) with loans outstanding of over Rs25 lakh, in which lawsuits have been filed. The total amount outstanding of these suit-filed accounts has gone up from Rs 28,416.93 crore as of 30 September 2013 to
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BJP destroying people's trust in banking system: Mamata

Her comments came at a time when the state-owned Punjab National Bank (PNB) has detected a Rs 11,400-crore scam, in which diamond merchant Nirav Modi allegedly acquired fraudulent letters of undertaking (LoUs) from a Mumbai branch of the bank to secure overseas credit from other Indian
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The Gap CEO Out After Struggling to Grow Profits

Gap Inc (gps, -3.01%) is facing new challenges with the head of its namesake brand leaving The Gap after failing to improve operations and profit growth to the liking of the clothing retailer's chief executive. The company, which also operates Banana Republic, Old Navy, and Athleta, said on Tuesday that
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