Trying to buy a home? Study shows huge decline in homes for sale in Rochester area

Trying to buy a home? Study shows huge decline in homes for sale in Rochester area

The Redfin Real-Time Housing Market Tracker ties Rochester with Worcester, Massachusetts for the city with the greatest decline in homes for sale across the country. This doesn't mean you can't buy a home. Chris and Tysharda Thomas at New 2 U Homes say there's no changing the market right now,
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Azerbaijan can expand volume of concessional lending

The National Entrepreneurship Support Fund of Azerbaijan (NFES) can expand the volume of concessional lending for 2018, the Fund's Executive Director Shirzad Abdullayev said on March 6. According to the 2018-state budget of Azerbaijan, it is planned to allocate soft loans of 170 million manats
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SourceMedia Promotes Matthew Yorke

… serving senior-level professionals in the financial, technology and healthcare sectors. Brands include American Banker, PaymentsSource, The Bond Buyer, Financial Planning, Accounting Today, Mergers & Acquisitions, National Mortgage News, Employee Benefit News and Health Data Management.
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'Philadelphia Eagles Are Super Bowl Champions' Featured As Answer on Wheel Of Fortune

Wheel of Fortune celebrated the Philadelphia Eagles' Super Bowl title on Monday night by featuring the team as an answer to a “headline” puzzle. Last month, the Eagles defeated the New England Patriots at Super Bowl LII to win the team's first Super Bowl in franchise history. It took a few letters and
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Proposed ballot initiative would cap payday lending charges to 36 percent annual rate

Colorado's 36 percent usury rate currently exempts payday loans. The initiative claims that payday lenders are charging up to 200 percent annually. It comes about eight years after the legislature enacted a law to reform payday lending practices in 2010. The 2010 law required all loans to be repayable
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Apartment sector charts a stable course

Freddie Mac is also a big player. We don't originate the loans ourselves. We buy them from lender. Our goal is to provide liquidity for the multifamily sector. A phrase you sometimes hear is that we are in every market every day. When times are good, we are in the market, but when times are bad, we are
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Congress is getting ready to demolish Dodd-Frank banking regulations

The Senate will vote on a bill Tuesday that's being touted by supporters as much-needed regulatory relief for small community banks — a sales pitch that conjures images of tellers greeting longtime customers by name as they kick farm dust off their boots at the door. But the companies that will benefit
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Bali Seafood International finally opens processing plant in Indonesia

After a long delay, PT Bali Seafood International (BSI) opened its new fish processing plant in Santong, Sumbawa, Indonesia on 22 February. … Before the plant opening, BSI was already active in the country, buying about 40 MT per month of mixed species, which it forwarded to other companies for
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Washington legislators tackle homelessness for those on aid

Some of the obstacles faced by the women in finding permanent housing may soon become illegal in Washington state, where legislators are advancing a bill that would prohibit landlords from turning away tenants who rely on Section 8 vouchers, Social Security or veterans benefits. (AP Photo/Elaine
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Retail Jeweller leads third successful Hong Kong buying mission

Now in its third year, the trip sees buyers from retailers and suppliers travel to the Hong Kong International Jewellery Show and its sister event, the Hong Kong International Diamond, Gem & Pearl Show for five days of buying and networking. The Diamond, Gem & Pearl Show kicked off on February 27
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Property Agencies Urged to Try MLM Scheme to Ensure Fair Compensation For Agents

To ensure property agents are compensated fairly, real estate agencies in Malaysia should look into using the pay-out scheme of multi-level marketing (MLM) companies, according to the head of the … For the latest property news, trends, resources and expert opinions, visit our Property News section.
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Amazon's move into banking could make online shopping possible for everyone

Bank of America Merrill Lynch reiterates its buy rating on Amazon shares, saying a new banking offering will spur more e-commerce sales. “We think that Amazon's primary motivation would be to attract younger and underbanked customers that otherwise would find it difficult to shop online,” the firm's
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Job searching? Fortune has released its 100 top workplaces. Ohio makes the cut.

They're all hiring, according to a list created by Fortune.com. Here's why these companies in the Buckeye State made the list (and it includes advantages like tuition assistance, professional development and in-house preschool.) None of the top 100 workplaces, by the way, are located in Indiana or
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SALT Lending, The Largest Lender For Blockchain-Based Assets, Is Rapidly Expanding In The …

DENVER, March 6, 2018 /PRNewswire/ — SALT Lending, which offers financial services in the emerging market of blockchain-based assets, today announced the addition of Jennifer Nealson to its executive team as Chief Marketing Officer. Nealson augments a seasoned executive team that includes
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With Market Uncertainty, Real Estate is the Best Investment

NEWPORT BEACH, Calif., March 6, 2018 /PRNewswire/ — Millennial author of Dating Your Investments, Spencer Chambers, explains why real estate is a more secure investment than stocks, bitcoin, or other financial trends. Whenever the market takes a turn for the worse, investors begin to realize their
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Christchurch only part of NZ reporting house price fall

Regional New Zealand had the fastest house price growth over the past 12 months, new data from QV shows. It has released its statistics for February, which show national property values lifted 6.5 per cent over the year, to an average $672,645. But that figure masks a wide range of results. Prices fell
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Bank Lending During the Financial Crisis of 2008


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New Zealand considers wealth tax and foreign ownership limits

Multiple media sources in New Zealand have reported that Cullen, speaking at an international fiscal association conference, hinted that a broader capital gains tax, which … It argues an influx in wealthy foreigners are buying up property, leading to inflated prices and a shortage of affordable housing.
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Bye, big metros: Secondary housing markets see spike

The information contained on The Mortgage Reports website is for informational purposes only and is not an advertisement for products offered by Full Beaker. The views and opinions expressed herein are those of the author and do not reflect the policy or position of Full Beaker, its officers, parent,
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Edward A. Riguardi, the “Dean of Property Management,” Dies at 85

NEW YORK CITY—Edward A. Riguardi, known as the “Dean of Property Management,” died in Little Silver, New Jersey. He was 85. Having more than 50 years experience in the New York commercial real estate industry, he had risen to become the managing director at Jones Lang LaSalle in the New
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Toronto-area home prices saw year-over-year drop in February, as number of sales plunged

Toronto-area home prices saw year-over-year drop in February, as number of sales plunged

A 12.4 per cent year-over-year drop in the average selling price of a Toronto-area resale home in February is not as bleak as it seems, says the Toronto Real Estate Board (TREB). Despite a decline of nearly $110,000 in the average price to $767,818, from $875,983 in February 2017, last month's figure
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Finance Ireland raises €30m to boost expansion

US funds giant Pimco and the State's sovereign wealth fund, ISIF, have agreed to pump a further €30m into Finance Ireland, the alternative lender set up by … The move comes as the rapidly expanding financial services firm eyes a near €200m securitisation of its commercial mortgage book, as first
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Budget office: Senate bank regulatory relief bill would raise risk of a bailout

The bipartisan Senate banking regulatory relief bill set for consideration Tuesday would slightly increase the risk of a bank bailout, Congress' official budget office judged Monday. The finding provides ammunition to the bill's liberal detractors, who have claimed the legislation is a giveaway to Wall Street
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Why the Housing Market is Set to Surge

With rates looking likely to rise there are increasing concerns that the US housing market might be in for a rough patch. Rising rates mean more expensive mortgages, and combined with the lowering of the interest deduction threshold in the new tax package, real estate could be in for a rough ride.
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Donnelly joins Republicans in move to roll back regulations on banking industry

Donnelly is touting the support the bill has from state groups including the Indiana Chamber of Commerce, Indiana Credit Union League, Indiana Bankers Association, Indiana Mortgage Bankers Association, Indiana Association of Realtors, Indiana Manufactured Housing Association, and Indiana
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China's Shadow Banks May Pose a $7 Trillion Risk to Stability

Chinese shadow lenders account for about 15 percent of the world's riskier non-bank loans, according to a regulator's report. … “Market-based finance provides increasingly critical alternatives to bank lending in the financing of economic growth, and it is vital that resilience of the sector is maintained as it
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FFC Mortgage Adds LO Melissa Powers in Rochester Branch

After majoring in math and economics at Cornell University, Melissa went to work on Wall Street in 2009 and traded mortgage-backed securities (MBS) for five years. She moved back home to Rochester to apply her skills to the mortgage lending industry. Melissa is a Rochester native, Greece Arcadia
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Tougher Mortgage Rules Deflating Toronto Housing Market

Toronto's housing market keeps cooling off with sales falling sharply, but prices remain stable in aggregate, according to the Toronto Real Estate Board's monthly news release. Home sales in the Greater Toronto Area (GTA) for February fell 35 percent compared to last year. New listings were up 7.3
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Your Mortgage: Appraisals can steal the show

Technology in the mortgage industry has and will continue to improve. This is aimed at creating a more enjoyable and efficient experience for all those involved. However, in an industry so full of automation, it's a human that has arguably the most influence over the mortgage process. It's somewhat
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'League of Legends' Gun Goddess Miss Fortune Ultimate Skin Revealed

Gun Goddess Miss Fortune is the next Ultimate skin coming to League Of Legends . The newest skin added to the highly addictive MOBA releases on the PBE March 6 and goes live on March 22 at 11 a.m. EST. Riot Games' terased the skin over the last week by hiding strange codes on the PBE and
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7 stats that explain why the GTA housing market was heating up in February

After a slow January, things seem to be heating up in the GTA housing market. Home prices were up 4.2 per cent month-over-month in February, while sales jumped 29 per cent month-over-month. “As we move further into the spring and summer months, growth in sales and selling prices is expected to
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The bank deregulation bill in the Senate, explained

They're easing some rules for banks. The Senate this week is slated to take up legislation sponsored by Senate Banking Committee Chair Mike Crapo (R-ID) that would rewrite parts of the 2010 Dodd-Frank Act, the landmark financial regulation overhaul enacted in response to the 2008 financial crisis.
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Wheel Of Fortune Puzzle Reminds Everyone 'Eagles Are Super Bowl Champions'

Wheel Of Fortune Puzzle Reminds Everyone 'Eagles Are Super Bowl Champions'. By Stephanie Ballesteros March 6, 2018 at 9:25 am … PHILADELPHIA (CBS) – Monday night's Wheel of Fortune puzzle may be one of the best puzzle answers of all time. The theme of the puzzle was “headline” and the
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Fintech lender iwoca pledges £100m for Northern SMEs by 2020

European small business lender iwoca has announced today its intention to pledge £100m in lending to micro and small businesses in the UK's … The lender believes the North to have been particularly affected by the withdrawal, with data by UK Finance showing the value of lending for SMEs in the
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Real estate agent who stole painkillers at fake showings gets second chance

A Williamsville woman who admitted to using her real estate license to get into houses to steal painkillers received a conditional discharge of her case Tuesday. She completed a judicial diversion drug treatment program. State Supreme Court Justice Christopher J. Burn told Jill Hart, “I don't have to draw
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Riot Games has revealed this year's League of Legends Ultimate Skin: Gun Goddess Miss Fortune …

Riot Games only releases one Ultimate Skin for League of Legends every year, so you know it's always going to be something special. This year's lucky champion is Miss Fortune, who will be getting the Gun Goddess Miss Fortune skin on Thursday, March 22 at 8am PST (4pm GMT). Gun Goddess Miss
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Current Mortgage Rates Flat on Tuesday

Current mortgage rates started to move higher yesterday after investors began to gain more of an appetite for riskier assets. Mortgage rates are holding at those levels today. The big economic event that could impact rates this week is the monthly jobs report for February on Friday. Read on for more
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Top 50 Real Estate Stocks: Yields To 18.5%; Gains To 45.25% By March 2019

GEO Group led by net gains and estimated price growth as Chinese Estates led by yield. Top ten gainers, GOV, SLD, AJX, SNH, CHMI, CHMI, GOOD, WSR, CIO, SIR, &. The Real Estate sector has 9 component industries. The top 50 firms selected by yield represented all of them. 50 Top Real Estate
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Is Buying Marriott International – Class A (NASDAQ:MAR) Here Good Idea?

Investors sentiment decreased to 0.92 in Q3 2017. Its down 0.09, from 1.01 in 2017Q2. It is negative, as 44 investors sold Marriott International, Inc. shares while 224 reduced holdings. 66 funds opened positions while 180 raised stakes. 236.59 million shares or 1.84% less from 241.03 million shares in
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Wanted: homebuyers (Londoners or otherwise)

We are routinely told that the country is not building enough homes, but there is a part of the UK's faltering housing market that tells a different story. Expensive apartments piled high in gleaming towers along the Thames — and priced at more than £1,500 per sq ft — are shooting out of the ground much
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Banking nightmare continues

Banking nightmare continues

Indian banks are turning up the heat on customers to meet their rising costs. State Bank of India, the country's largest lender, and HDFC Bank,…
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Eagles Super Bowl Win Was the Answer on Wheel of Fortune!

Eagles Super Bowl Win Was the Answer on Wheel of Fortune! posted by Nicole -. 8 minutes ago. The Eagles winning the Super Bowl literally never gets old. I'm just as excited today as I was a month ago. I still read all the tweets, watch all the videos, look at all the pictures. I still have the game saved on
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Darryl Harvey- Harvey-Wilbur Team

Darryl Harvey- Harvey-Wilbur Team. Broker. Office Location. Realty of Maine Bangor Office; 458 Main Street; Bangor, ME 04401. Contact Info. Office: 207-942-6310; darryl.harvey@yahoo.com. Specifications. Languages: Specialties: Service Area: Contact. Name. Email. Phone. Questions or Comments?
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Green buildings gain ascendancy in real estate market

The trend is expected to grow in upcoming years as property owners are paying more attention to sharing utilities with surrounding communities, environmental protection, and adaptation to climate change.
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Ask the Underwriter: Can income from temporary employment be used to qualify my borrower?

Ask the Underwriter is a regular column for the HousingWire LendingLife newsletter, addressing real questions asked to, and answered by, professional mortgage underwriter, Dani Hernandez. Question: I have a borrower who wants to buy a primary residence using conventional financing. He has been
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What is rating of Stock?: Pennsylvania Real Estate Investment Trust (PEI)

The principal of ATR is very similar to other volatility indicators: A high ATR value signals a possible trend change. A low ATR value correlates with a weaker trend movement. Why to Observe Volume of Pennsylvania Real Estate Investment Trust (PEI)?. When a stock traded on high volume like here PEI
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'Tinder for real estate': Is this the solution to the housing crisis?

To Kohab's advantage, housing affordability has gone from tragedy to farce in Australia, where prices have ballooned to unimaginable proportions, leaving … Keeping this in mind, how will Kohab—a new initiate of the “share economy”— influence Australia's housing market, especially seeing as this
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Range Rover Unveils a $295000 Supercharged Coupe

A supercharged V-8 can send the SV Coupe to 60 miles per hour in five seconds. Source: Jaguar Land Rover. Land Rover unveiled something rather unexpected for the famously off-road brand: A coupe. The Range Rover SV Coupe displayed Tuesday at the Geneva Auto Show is a two-door SUV that
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Warning as down valuations threaten mortgage process

Homebuyers and sellers are being warned of down valuations, which are becoming rife and could hinder mortgage applications. Mortgage broker, Enness, has issued advice to people embarking on property transactions in a bid to prevent them falling foul of this predicament, which can impact the
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Trump Believes Cohn Will Leave If Tariffs Instituted, Sources Say

President Donald Trump has told advisers that he believes economic adviser Gary Cohn will leave his White House job if Trump decides to go forward with tariffs on imported steel and aluminum, people familiar with the matter say. Cohn has mounted a last-ditch effort, along with other administration
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Why the Banking Industry's Not Afraid of Amazon

This article first appeared in Data Sheet, Fortune's daily newsletter on the top tech news. Sign up here. It's March 6, but Old Man Winter isn't done with us yet on the East Coast. Aaron in for Adam, contemplating a history lesson about retailers and banking as Amazon is rumored to be eyeing the market
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Grayscale Doubles Offerings With Four New Cryptocurrency Funds

Grayscale Investments Inc. announced four new funds Tuesday, each focused on a separate cryptocurrency, effectively doubling the number of its offerings. And there may be more on the way. Qualified accredited investors will be able to put money into Bitcoin Cash, Ether, Litecoin and Ripple, the
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Have Investors Already Priced In Polymetal International Plc's (LON:POLY) Growth?

This high level of volatility gives investors the opportunity to enter into the stock, and potentially buy at an artificially low price. A question to answer is whether Polymetal International's current trading price of £7.64 reflective of the actual value of the mid-cap? Or is it currently undervalued, providing us
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Sterling Bancorp to Acquire Advantage Funding Management Co., Inc., Including $458 Million …

Sterling will acquire 100% of the stock of Advantage Funding, which will be paid 100% in cash through a combination of cash on hand, run-off of existing residential mortgage loans and sales of securities. In the quarter ended December 31, 2017, the Advantage Funding loan portfolio had a weighted
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A Former Anonymous Hacker's Search for Redemption

In Part 1 of Bloomberg's Decrypted episode about him (subscribe here on Apple Podcasts), he recounts his childhood growing up in the projects and gradually descending into the world of cybercrime. In Part 2, he tells of the aftermath of the arrest. After the government revealed his identity in March 2012
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Lego Is Drowning in Bricks, and Its Sales Are Sinking Too

The company announced Tuesday that sales fell 8% to 35 billion Danish kroner ($5.8 billion). The decline brings an end to thirteen years of growth, capped by 25% growth in 2015 and 6% growth in 2016. In a statement, Lego CEO Niels B. Christiansen said the decline was primarily in established
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Finicity Works with MortgageHippo to Accelerate a Frictionless Digital Lending Experience

Finicity, a provider of real-time financial data aggregation and insights, announced today it is working with MortgageHippo, creators of the leading borrower-centric digital lending platform, to streamline and speed up the verification process in mortgage lending. The initial focus is on integration of
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Heavy, Wet Snow Set to Drop on New York, Northeast Wednesday

Late-season storms can actually do more damage to power lines than storms that hit in the dead of winter, according to Shunondo Basu, meteorologist and natural gas analyst for Bloomberg New Energy Finance. The warmer air is able to hold more moisture, which brings a heavier, wetter snow — and
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Real Estate – 03-07-2018

3018 Ave. C, Holmes Beach, a 7,800 sfur warehouse/office built in 1979 on a 10,000 sq ft lot was sold 02/13/18, 3018 Avenue C LLC to Florida Gulf Coast Vacation Homes LLC for $607,216. 510 Key Royale Drive, Holmes Beach, a 1,441 sfla / 2,497 sfur 2bed/2bath/1car canalfront home built in 1960 on
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'Aggressive' banking cuts leave towns without 'essential' service

UNCONFIRMED: NAB is refusing to confirm they are closing their Culcairn branch, and six others. NAB are refusing to confirm they are closing seven regional branches, including Culcairn, despite unions announcing the locations are the latest victims in the major banks' “aggressive” regional cuts.
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UK Counter-Terror Specialists Offer Help After Former Russian Spy Collapses

UK Counter-Terror Specialists Offer Help After Former Russian Spy Collapses

Salisbury, England (AP) — Britain will respond “appropriately and robustly” if Russia's involvement is established in the case of an ex-Russian spy who fell ill after coming into contact with an “unknown substance” in southern England, the U.K. foreign secretary said Tuesday. Boris Johnson told
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BMO Extends Mortgage Rate Guarantee Period for Home Buyers

TORONTO, March 6, 2018 /CNW/ – BMO Bank of Montreal announced today that it would be increasing the rate guarantee period for mortgages from 90 days to 130 days – the longest among all Canada's major banks – amidst expectations for continued Bank of Canada rate hikes in 2018. The change
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National business briefing: stocks and banking regulations

NEW YORK — Stocks shook off morning losses on Monday and surged in the afternoon to send the Standard & Poor's 500 index to its best day in a week. It's the latest turn for a market suddenly prone to quick shifts not only day to day but also hour to hour, as investors question whether President
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Marketplace Lending Finds a Place in Institutional Portfolios

Introduction For centuries, corporate and consumer lending has followed a traditional model in which financial institutions act as centralized.
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The Latest: House bill 'recalibration' of banking law

The House Financial Services Committee chairman says the House banking bill Congress is working on this week is a “recalibration” of the banking regulations known as Dodd-Frank that will help community banks and credit unions increase capitalization. The legislation would increase the threshold at
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CIVIC Acquires All-Star Lending Producer of the Northwest

Founded in 2014, CIVIC has emerged from start-up to frontrunner – its growth accelerating even more so since the appointment of visionary lending leader William J. Tessar as President in March of 2017. “Establishing a strong presence in the Northwest space is part of our 2018 strategic plan, and there
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'Wheel of Fortune' reminds everyone that the Philadelphia Eagles are Super Bowl champions

They might as well stop airing Wheel of Fortune now because I don't think they can possibly top the best puzzle that's ever been featured on the show. Check out this glorious moment from Monday night's broadcast: It didn't truly feel real until this moment. pic.twitter.com/9huaJFoDdW. — Dan McQuade
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REITs: Storage Wars Intensify As Oversupply Lingers

Storage REITs were the high-flyers of 2014 and 2015, but the past two years have been quite challenging. Fundamentals have mirrored the trends seen in the broader real estate sector. Robust rent growth and favorable demographic trends prompted a wave of institutional money to enter the space.
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Finding clients as a new agent in the real estate world

As it stands, the real estate industry is one of the most exciting areas of modern business. With house prices ever on the rise, more and more people are opting to go down this route. For many, that means investing in property and either renting or selling. The obvious downside to that being the need for
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WATCH: Eagles Super Bowl Win Was The Answer on 'Wheel of Fortune'

It's been a month since the Eagles Super Bowl win, but it still feels like yesterday! And we get to be reminded of it pretty much every week, not only as this week we get the official DVD/Blu-ray of the game (out today!), but then on Monday night, we were the answer on WHEEL OF FORTUNE! Check out
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Mortgage Customer Service Rep in Addison

Do you have experience with mortgage or bankruptcy and are looking for that next big opportunity? We have partnered with one of the top bankruptcy service companies In Addison who are looking to add talent to their team!!! Job Title: Customer Service Representative. Location: Addison, TX. Pay: $15
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AXA buying Bermuda-based XL Group for $20b

AXA's deal comes just over a month after American International Group said it would buy reinsurer Validus for around US$5.6 billion. P&C insurers' stocks fell during last year's natural disaster season and have attracted the attention of bidders as premiums are rising after several years of falling rates.
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Should You Buy Korn/Ferry International (NYSE:KFY)?

This high level of volatility gives investors the opportunity to enter into the stock, and potentially buy at an artificially low price. A question to answer is whether Korn/Ferry International's current trading price of $42.45 reflective of the actual value of the mid-cap? Or is it currently undervalued, providing us
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Eamon Ryan: Social housing on its own will not solve the housing crisis

The provision of new social housing on its own will not address the crisis. It will have little effect in dampening price increases in the private sector and will maintain a two-tier housing system which is full of inequities and divisions. Subsidising private rentals in an attempt to make rent affordable, which
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Here's How to Triple the Number of Women Managers in Any Company

Subscribe to The Broadsheet, Fortune's newsletter for and about the world's most powerful women. The biggest impact, Accenture says, comes from increasing the proportion of women on a leadership team from none to a third. How to get companies to take that first step? Hold the leadership team
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Amazon Could Be The Next Large Bank

Amazon is doing it again! According to the Financial Times, Amazon is in talks with JPMorgan Chase to offer bank accounts to its customers. These talks are still in their exploratory stages, but this potential partnership is interesting in many ways. Such stories about Amazon are no longer a surprise.
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European bank extends US$29.6mn to Rwandan SMEs

Present during the signing were Maria Shaw-Barragan, the EIB director responsible for lending operations outside Europe and senior representatives of the Development Bank of Rwanda and I&M Bank of Rwanda. Also present was the European Union Ambassador to Rwanda, Nicola Bellomo.
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Toronto home prices climb on heels of tougher mortgage rules

Average home prices in the Toronto region climbed more than 4 per cent last month as buyers began to absorb the impact of tougher new mortgage qualification rules introduced in January. Data from the Toronto Real Estate Board showed home prices rose 4.2 per cent in February compared to January
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SoftVu Selects Optimal Blue to Create a Unique Client Experience

“Consumers have set a high bar for today's online mortgage lenders,” said Bob Brandt, Vice President of Marketing & Alliances for Optimal Blue. “Online mortgage lenders have certainly seen consumer engagement and conversion rates improve when they combine modern online interfaces with full
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Romanian housing market: prices rose in February in most major cities, Cluj-Napoca is still the …

Prices of residential properties increased in four out of six major urban areas of Romania in February, due to strong demand, according to Imobiliare.ro data, Cluj-Napoca retaining its position as the country's most expensive city to invest in a home. Data show prices rose in February for new and old
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Eagles fans' favorite Wheel of Fortune puzzle of all time

Eagles fans' favorite Wheel of Fortune puzzle of all time

The first round of Tuesday's episode of 'Wheel of Fortune' cemented the legacy of the Super Bowl Champion Philadelphia Eagles. Though the round started off bumpy, one bankrupt after another, the contestants fought on, just like the Birds through their championship season. Steven started off the round
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Meet the Valkyrie AMR Pro, an Exclusive Supercar from Aston Martin That's Built For the Track

Aston Martin hasn't even started delivering its $3.2 million Valkyrie hypercar and it's already found a way to turn this extreme carbon fiber road car into a vehicle with the performance chops of the LMP1 LeMans prototypes used in circuit races like the 24 Hours of Le Mans. Aston Martin revealed Tuesday
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Where Will Bitcoin Be in a Decade? $100 Is More Likely Than $100000, Says Harvard Economist

A decade from now, will one Bitcoin be worth $100 or $100,000? According to Harvard professor and economist Kenneth Rogoff, the former is way more likely. Rogoff, the International Monetary Fund's (IMF) former chief economist, told CNBC that Bitcoin's “actual uses as a transaction vehicle are very
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Designers Today Need to Help Fix a Broken World, Says MOMA'S Paola Antonelli

In closing, Antonelli appealed to the Brainstorm Design audience to “share with us the different ways that we can repair our world.” The #BrainstormDesign conference, jointly organized by Fortune, TIME and Wallpaper*, brings together more than 300 top speakers and delegates from 33 countries.
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Millbury septic company accused of illegally dumping waste, not paying sewer plant fees

MILLBURY – A local septic and sewer services company is being sued by state Attorney General Maura Healey for illegally dumping septage and waste … The complaint, filed in Suffolk Superior Court Wednesday, alleges Midstate Sewerage violated the state's Clean Waters Act and Title 5 of the state
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'It's a Celebration of Life.' Ole Scheeren on How Architecture Shapes the World

History can be an important part of how we build the future,” says Scheeren. The #BrainstormDesign conference, jointly organized by Fortune, TIME and Wallpaper*, brings together more than 300 top speakers and delegates from 33 countries. Follow session-by-session coverage on fortune.com
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Berkshire's real estate arm expands into Germany

OMAHA, Neb. — Berkshire Hathaway's real estate brokerage is expanding overseas with an acquisition in Germany. Berkshire Hathaway Home Services, which has offices throughout Soutwest Florida, said Monday it had signed its first global franchisee, Rubina Real Estate GmbH, a real estate
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Some buy to let mortgage rates return to lowest-ever levels

The independent mortgage market monitor Moneyfacts says some buy to let mortgage rates have gone back to record lows. The monitor says that many buy to let investors will have taken out two year fixed rate deals in spring 2016 as they purchased properties to let ahead of the three per cent stamp
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Not Every Company Can Have a Steve Jobs. But Here's What They Can Do In The Meantime

Kiker and Liedtka made their comments on a panel with Fortune president Alan Murray in Singapore, where more than 200 global designers, business leaders and entrepreneurs had gathered for the inaugural Fortune, Time and Wallpaper* Brainstorm Design conference. According to Kiker, companies
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Four arrested in 'sophisticated' mortgage fraud investigation: Toronto police

Toronto police say they have arrested four people in connection with a “sophisticated and complex” mortgage fraud investigation dating back to 2013. The investigation, dubbed Project Bridle Path, was launched in the spring of 2013 and involved several high-end properties in the city. The police
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After a Long Delay, Ohio Lawmakers Plan to Announce a New Payday Lending Bill

A loophole, according to payday lending reform advocates, is the use of car titles as leverage. But Schuring says that won't be addressed in the new language. “As Rep. Koehler has said many times over, that's already in the revised code so we're going to stand by what he has said many, many times
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Nicholas Hoffman & Company LLC. Invests $226000 in Marriott International Inc (MAR) Stock

Advantus Capital Management Inc grew its stake in shares of Marriott International by 1.4% during the 3rd quarter. Advantus Capital Management Inc now owns 31,706 shares of the company's stock valued at $3,496,000 after purchasing an additional 426 shares during the period. Piedmont Investment
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How a Stock Market Shakeup Affects Mortgages

Will the stock market shakeup affect mortgage rates and home sales? If you've been thinking about buying or selling a house, the recent financial headlines might be making you anxious. The Dow Jones Industrial Average, after peaking at 26,616 on Friday, Jan. 26, (Google Finance) dropped by 363
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$0.18 EPS Expected for Consolidated Water Co. Ltd. (CWCO); 1 Bullish Analysts Covering Dynex …

Agency MBS have a guaranty of principal payment by an agency of the U.S. government or a U.S. government-sponsored entity, such as Fannie Mae and Freddie Mac. Investors sentiment increased to 2.03 in Q3 2017. Its up 0.63, from 1.4 in 2017Q2. It is positive, as 5 investors sold Dynex Capital, Inc.
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Italy's President Is Playing for Time

From his study, Sergio Mattarella looks out on a prize collection of cacti in the manicured gardens of the presidential palace in Rome. After Italians elected a hung parliament with rival populist forces each claiming the right to lead, the head of state faces an equally prickly search for a new government.
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Brookfield taps CMBS to finance $707M buy of WoodSpring Suites

Citigroup and Goldman Sachs are securitizing a $405 million commercial mortgage loan taken out to help finance a private equity-led acquisition of the WoodSpring Suites low-priced extended-stay hotel chain. Seven classes of notes will be issued in the transaction, called CGGS Commercial Mortgage
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Cohn Tries to Head Off Trump Tariffs With White House Summit

A draft EU list of goods subject to retaliation seen by Bloomberg also included steel, T-shirts, maize, cosmetics and boats. EU Targets U.S. Shirts to Motorbikes in Tariff-Retaliation Plan. Harley Davidson is based in Wisconsin, Ryan's home state. The company is already is being hit by a deepening slump
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Utilities Plot a Digital Future—And Look Like Tech Stocks

Utilities, grid operators and other companies in the sector will plow $590 billion into digital initiatives from 2017 to 2025, or about a fifth what they'll spend on of their total capital spending, according to Bloomberg New Energy Finance. The industry must make such investments if it's going to survive, but
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Toyota Reinvents Supra in Pursuit of Performance-Car Panache

… cars fell victim to a global economic slowdown. Since then, Toyota has struggled in the segment. The 86 and its predecessor model have been in rapid decline in the U.S., with total deliveries of 6,846 cars last year — about a third of the 2013 peak, according to data provider Carsalesbase.com.
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Philadelphia Eagles roundup: A commemorative film, Wheel of Fortune

The Philadelphia Eagles are mentioned on Wheel of Fortune, and NFL Films releases a film their fans are going to love. Believe it or not, when calendars were turned to the date of March 4th, the Philadelphia Eagles had officially been Super Bowl Champions for one full month. That, in and of itself, isn't
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Should You Buy K Wah International Holdings Limited (HKG:173) Now?

Should You Buy K Wah International Holdings Limited (HKG:173) Now?

As a well-established company, which tends to be well-covered by analysts, you could assume any recent changes in the company's outlook is already priced into the stock. But what if there is still an opportunity to buy? Let's examine K. Wah International Holdings's valuation and outlook in more detail to
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Convicted former mortgage lender balks at $3.3m victim restitution

Federal prosecutors are asking a judge to find a former mortgage lender in default of his obligation to provide $3.3 million in restitution to victims of his troubled mortgage lending business, Dallas News reported. Lonnie Brantley Jr. was convicted in 2015 but avoided prison by entering a plea agreement
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Mnuchin's Move to End Hedge Fund Loophole Could Face Legal Challenges

Treasury Secretary Steven Mnuchin's plan to fix a gaping loophole for hedge funds in President Donald Trump's new tax law could face legal challenges. Tax experts say a notice from Treasury and the Internal Revenue Service issued Thursday fails to give the legal basis for their power to close the
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National MI Named One of the Best Workplaces in the Bay Area

National Mortgage Insurance Corporation (National MI), the primary operating subsidiary of NMI Holdings Inc., has been named to Fortune Magazine's 2018 list of the “Best Workplaces in the Bay Area.” This is the second consecutive year that the company was named to Fortune's list of top small and
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Collateral Shut Down: UK P2P Lender Has Gone Into Administration

Collateral, a UK-based p2p lending platform, has reportedly gone into administration after trading without a proper license. According to various reports, a letter was sent to investors from the company's administrator, named Gordon Craig, that stated the company was operating in the belief that it was
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First American Financial Corp (NYSE:FAF) Position Trimmed by Schroder Investment Management …

The institutional investor owned 281,096 shares of the insurance provider's stock after selling 473,061 shares during the quarter. Schroder Investment Management … The Company operates through the title insurance and services segment, and specialty insurance segment. The title insurance and
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Arbor Announces the Appointment of Frank Lutz as Executive Vice President, Chief Production …

Mr. Lutz joins Arbor from Berkadia where he spent the past seven years as Senior Vice President, Fannie Mae Liaison, managing Berkadia's Fannie Mae and Freddie Mac production relationships and has served as the Chairman of the Fannie Mae DUS® Advisory Council. Prior to joining Berkadia, Mr.
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Senate prepares to rollback banking regulations passed after financial crisis

The U.S. Senate is preparing to scale back Dodd-Frank—sweeping banking regulations passed after the 2008 financial crisis—and more than a dozen Democrats are ready to give Republicans the votes they need to weaken President Barack Obama's largest legislative achievements, The Washington
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Your Zillow account makes it more expensive to buy property

A home for sale in Ewa Beach. By putting listings and a wealth of supporting information into people's hands, home-buying portals such as Zillow have made it possible to browse homes in great detail fromanywhere with a web connection. Yet every rose has its thorn. Although making the process
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Former foreclosure king of Florida, David J. Stern, sells Miami condo

Some history: Back in 2013, the defunct Law Offices of David J. Stern entered into a settlement agreement with Freddie Mac, ending a two-year legal battle between the foreclosure firm and the government-sponsored enterprise over outstanding fees. Stern's firm handled hundred of thousands of
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Ottawa could be heading into a seller's market

The head of the Ottawa Real Estate Board (OREB) says the inventory of residential properties is the lowest he has seen in several decades and could lead to supply shortages and increased housing prices. OREB, which represents more than 3,000 real estate professionals in the Ottawa area, released
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Student loans and your mortgage

If a student loan is deferred, Fannie Mae, Freddie Mac, FHA and RD mortgage loans require the lender to use a payment equal to 1 percent of the outstanding balance as the payment. Fannie Mae will allow a calculated payment to be used if it can be documented via the loan terms what the fully
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iPhones & Other Electronics Could Have A Child Labor Problem, A Terrifying New Report Says

A 2016 Amnesty International report found that cobalt mined by children was used in products from numerous tech companies, including Apple. However, Apple vowed last year to stop buying cobalt mined by hand in the DRC following continued reports that children were working the mines there.
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Somewhat Positive Media Coverage Somewhat Unlikely to Impact Capstead Mortgage (NYSE …

Capstead Mortgage logo Media coverage about Capstead Mortgage (NYSE:CMO) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern
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With Democratic support, Senate eyes rollback of banking law

FILE – In this Jan. 30, 2018, file photo, Senate Banking Committee Chairman Sen. Mike Crapo, R-Idaho, second from left, arrives with Treasury Secretary Steven Mnuchin, right, at the Senate Banking Committee on Capitol Hill in Washington. Ten years after the financial crisis rocked the nation's
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Indirect Lending Officer/Collections

Join us today! This full-time position is responsible for the underwriting and closing of dealer loans in accordance with established lending objectives. This position is also responsible to preserve the credit union's assets by controlling delinquent loan accounts, collecting delinquent loan payments and/or
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International retailer Zara to launch NZ online store in March

International fashion brand Zara is opening its online store in New Zealand next week, while one of its biggest rivals, H&M, is yet to do so. … Retail analyst Chris Wilkinson, of First Retail Group, said with 70 per cent of all buying decisions influenced by the online marketplace, companies that failed to
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Too many members with real estate ties on Planning Commission, complaint says

There are 13 voting members on the Planning Commission, including four architects, two engineers who work in land development and a non-profit real estate developer, all reflected in applications the members submitted to the city for the commission. That's seven people with connections to real estate
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PRMI announces new senior loan officer

Primary Residential Mortgage, Inc., one of the nation's top mortgage lenders, has announced that mortgage industry veteran and Annapolis native Mary Beth Henderson will be the newest senior loan officer in its Severna Park, Md., office. Henderson has more than 15 years of experience as a loan
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interest rates

With a cooling housing market courtesy of a crackdown on investor and interest-only lending, most experts believe rates won't rise until some time next year. “The controlled slowdown in housing markets, driven by subtle falls across Sydney and Melbourne, have eased pressure on the RBA to lift rates in
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'It's Not Just About Beautiful Objects.' How Design Helps Business

'It's Not Just About Beautiful Objects.' How Design Helps Business

Alan Murray, the chief content officer of Meredith Corporation's (mdp, +1.40%) Time Inc. brands, welcomed design luminaries and delegates Tuesday for the launch of the inaugural Brainstorm Design conference, hosted by Fortune, Time and Wallpaper* in Singapore. During the three-day plenum, top
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City talks housing with school board

The report categorizes the housing market in Garden City three ways: affordable low market homes valued between $60,000 and $100,000, moderate market homes valued between $101,000 and $200,000; and high market homes valued at more than $200,000. Dougherty-O'Hara noted that
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Nazarbayev announces Kazakhstan to lower mortgage costs, reduce taxes on low-wage workers …

ASTANA – President Nursultan Nazarbayev announced March 5 what he called “Five Social Initiatives,” including tax breaks for low-income workers and greater access to education, that are expected to directly positively impact half of the country's 18 million people. The other initiatives include
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'Dean of property management,' Edward Riguardi, dead at 85

New York's property and business worlds are mourning the death of Edward A. Riguardi, a beloved giant of commercial real estate for more than 50 years. Riguardi, who died at 85 on Monday, was known as the “dean of property management.” He was Jones Lang LaSalle's managing director for New
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How to Make the Real Estate Market Work for You

Whether you are buying your first apartment, investing in a house to rent out, or looking for your forever home, property requires a huge financial commitment. For most people, property will be the single biggest purchase they will ever make, so it is natural you should want any property you buy to be a
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HSBC embraces brave new world of banking

HSBC's digital operations centre in Hong Kong is flat out getting new methods of payment to market and trying to anticipate what comes next as it prepares for the open banking revolution. The challenges faced by the global banking mainstay in the fast-paced Asian industry provide important insights
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Agellan Commercial Real Estate Investment Trust Releases Fourth Quarter 2017 Results

Agellan Commercial Real Estate Investment Trust (the “REIT”) (TSX:ACR.UN) is pleased to report its financial results for the three month period and year ended December 31, 2017. All dollar amounts (except per Unit amounts) are in thousands of Canadian dollars (“CAD”), unless otherwise stated.
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Senvest Management LLC Invests $8.65 Million in Oaktree Specialty Lending Corp (NASDAQ …

Oaktree Specialty Lending logo Senvest Management LLC bought a new position in shares of Oaktree Specialty Lending Corp (NASDAQ:OCSL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,768,429
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Is Buying Liqtech International Inc (NYSEAMERICAN:LIQT), Having Lower Short Interest a Winning …

Investors sentiment increased to 1.6 in 2017 Q3. Its up 0.74, from 0.86 in 2017Q2. It improved, as 2 investors sold LiqTech International, Inc. shares while 3 reduced holdings. 4 funds opened positions while 4 raised stakes. 4.15 million shares or 4.80% less from 4.36 million shares in 2017Q2 were
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Bank on Amazon? Reports suggest e-commerce giant wants to handle Americans' finances

We already have Amazon on our nightstands and kitchen counters, in our pantries and our TVs — why not in our wallets, as well? Experts weighed in Monday on a Wall Street Journal report that Amazon is looking into offering bank-like financial products, possibly with a partner like JPMorgan Chase.
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House Leaders To Unveil Revised Payday Lending Bill

A citizens group is trying to put an issue on the ballot that would cap the interest rates of payday loans at 28% without any loopholes. The ballot measure is a reaction to lawmakers not taking any action on a pending bill. House leaders say they're ready to move forward with that bill.
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A Director at Baxter International (NYSE: BAX) is Buying Shares

Today, a Director at Baxter International (NYSE: BAX), Carole Shapazian, bought shares of BAX for $156K. Following this transaction Carole Shapazian's holding in the company was increased by 31.25% to a total of $1.06 million. Following Carole Shapazian's last BAX Buy transaction on August 25,
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Chinese banking booms in Dubai's financial free zone

DUBAI, March 5 (Xinhua) — China's big four banks managed to increase their value of assets in the Middle East from 11 billion U.S. dollars in 2014 to 33.4 billion dollars in 2017, local authority said on Monday. At the end of the third quarter of 2017, China's big four banks represented 22 percent of total
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Dominican Republic to Join Caribbean Energy Exploration Rush

The Dominican Republic expects to draw interest from energy titans BP Plc and Exxon Mobil Corp. when it opens the country to natural gas and oil exploration for the first time later this month, joining a push by governments across the Caribbean to develop energy production. The government plans to
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Project Manager-Loan-Lending-Banking-ACBS-London-up to-£650pd in McGregor Boyall, London …

McGregor Boyall, London, England, United Kingdom job: Apply for Project Manager-Loan-Lending-Banking-ACBS-London-up to-£650pd in McGregor Boyall, London, England, United Kingdom. Information Technology jobs available with eFinancialCareers.
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Is Buying Weatherford International plc (WFT) Here a Winning Strategy?

Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.16, from 1.11 in 2017Q2. It worsened, as 41 investors sold Weatherford International plc shares while 94 reduced holdings. 39 funds opened positions while 89 raised stakes. 1.10 billion shares or 1.67% more from 1.09 billion shares in
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Fuller & Thaler Asset Management Inc. Reduces Position in Oaktree Specialty Lending Corp …

Oaktree Specialty Lending logo Fuller & Thaler Asset Management Inc. decreased its stake in Oaktree Specialty Lending Corp (NASDAQ:OCSL) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,267,731 shares
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When and How to Write Up a Financial Agreement With Your Partner

My fiancé and I will be using the house as our primary residence. I purchased the home using only my credit, considering only my salary and assets when applying for the mortgage loan. No payments have been made yet (well, except the down, which was all me) but we have a verbal agreement to pay
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Commentary: What if North Dakotans started financing infrastructure by lending money to …

Screenshot from a information PDF being circulated in support of using some Legacy Fund dollars to finance infrastructure projects. In 2009 the North Dakota Legislature passed a constitutional amendment to create a fund out of a portion of taxes on oil and gas development. It was passed by the voters
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Blackstone Is Selling NYC Skyscraper for $640 Million

Blackstone Group LP agreed to sell a Manhattan skyscraper for $640 million to a New York-based real estate investment firm, according to a person with knowledge of the transaction, another sign that commercial deals in the borough may be starting to pick up. The firm, Savanna, is in contract to acquire
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Real Estate company expecting another strong year for local housing market

Real Estate company expecting another strong year for local housing market

The snow has melted and you may be seeing more for sale signs popping up in your neighborhood. If things are anything like we have seen in the past few years, those signs may not stay up very long. MOREAdditional LinksPoll. “I think we're going to have another good year,” Vice-President of The
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ALTO Real Estate Funds and M & J Wilkow Acquire Pittsburgh's Cranberry Square

NEW YORK–(BUSINESS WIRE)–ALTO Real Estate Funds, together with M & J Wilkow, has acquired Cranberry Square, a 195,165 square foot, 100% leased, market-leading retail center located in Cranberry Township, Pennsylvania. The property was purchased at $23.5 million, and a cap rate of 9%.
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MI companies creating new standard for over 45% DTI mortgages

Last year, the GSEs announced they were increasing their debt-to-income ratio to 50%, a move that mortgage insurance companies are starting to fight back against. But some MI companies are beginning to fight back. Last week, HousingWire outlined plans from MGIC and Genworth to increase their
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Broadcom Is on Course to Win Majority of Qualcomm Board Seats

Broadcom Ltd. is on course to win all six of the seats it's seeking on Qualcomm Inc.'s board, giving it a majority slate at the chipmaker based on a count of more than half of the votes already cast, according to information obtained by Bloomberg.
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Being Promoted May Double Women's Odds of Getting Divorced

Subscribe to The Broadsheet, Fortune's daily newsletter on the world's most powerful women. In the private sector, women who were married at the time of their promotion to CEO—researchers looked specifically at private companies with 100 or more employees—were twice as likely to have gotten
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NAR research director to keynote inaugural NOCO Real Estate Summit

LOVELAND — The director of research for the National Association of Realtors will keynote the breakfast at the inaugural Northern Colorado Real Estate Summit on March 27. Jessica Lautz, managing director of research and communication for NAR, will examine multiple real estate trends gleaned
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A bipartisan bill could ease Dodd-Frank banking regulations. Here's what you need to know.

A Senate bill with bipartisan support would significantly ease the regulatory burden placed on banks by Dodd-Frank legislation passed during the Obama administration following the 2008 financial crisis, The Washington Post reports. The bill, which is favored by Republicans but also has more than a
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Trump trade war could worsen housing affordability crisis

The latest Mortgage Monitor report from Black Knight shows that a combination of rising mortgage rates and home prices already caused housing affordability to drop to its lowest point since 2009. And rising mortgage rates are already a major concern among homebuyers, according to a new study from
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More mortgage rate cuts expected as major lenders rebuild their market share

by Duncan Hughes. Major lenders are expected to follow the Commonwealth Bank of Australia's latest round of interest-only mortgage cuts after losing market share because of massively over-estimating the impact of lending caps on their loan books, despite regulatory fears about rising debt and prices,
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Volcker Rule to Undergo 'Material Changes,' Fed's Quarles Says

Federal Reserve Vice Chairman Randal Quarles says U.S. financial regulators are working quickly to make “material changes” to the Volcker Rule, one of Wall Street's most hated post-crisis restrictions. Randal Quarles. Photographer: Andrew Harrer/Bloomberg. “The Volcker Rule is an example of a
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Spooked by the Selloff, Retail Investors Fled Stocks in February

The correction in equity markets last month didn't go unnoticed by retail investors, who ran for cover from plummeting stocks at the fastest pace since at least 2010, according to TD Ameritrade. Clients of the Omaha, Nebraska-based finance firm dramatically cut their exposure to the stock market in
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The Senate is moving to ease major banking regulations. This is how they will do it.

The legislation, sponsored by Sen. Mike Crapo (R-Idaho), chairman of the Senate Banking Committee, faces a procedural vote as early as Tuesday. Should it pass that hurdle, many expect it likely to receive the 60 votes necessary to pass the full Senate given the changes have Democratic support.
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Shadow banking up in 2016, says FSB

“Market-based finance provides increasingly critical alternatives to bank lending in the financing of economic growth, and it is vital that resilience of the sector is maintained as it continues to evolve.” “A close understanding of emerging risks helps guide our judgement on appropriate policy responses,
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How fewer investor loans are affecting overall housing credit growth

While investors still make up a significant portion of the overall housing loans, the share of investor credit has been on the downtrend since its peak of 38.7% in June 2015. “Overall, the expansion in housing credit is now largely being driven by the owner-occupier segment of the market. With mortgage
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The Ihara Team Announces Free 1031 Exchange Seminar In Mililani

Honolulu, HI top real estate agency, The Ihara Team – Keller Williams Honolulu, has announced that they will be hosting their next free 1031 Exchange … The seminar will teach people about the mechanics of completing a successful 1031 exchange and what the current real estate market trends are.
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Southeast Cyber Defense Team Wins Multi-State Competition, 6th Straight State Title

For the sixth straight year, the Southeast Missouri State University Cyber Defense Team won the Missouri Collegiate Cyber Defense Competition (CCDC) March 3. Eleven Southeast students participated in the all-day virtual combined competition that brought together teams from Missouri, Indiana,
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What Lies Ahead for Enhanced Prudential Standards

The Federal Reserve's Regulatory Agenda for Foreign Banking Organizations: What Lies Ahead for Enhanced Prudential Standards and the Volcker Rule. Vice Chairman for Supervision Randal K. Quarles. At the Institute of International Bankers Annual Washington Conference, Washington, D.C.. Share.
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"Trump economics" boosts Manhattan's luxury property market

The high-end housing market in Manhattan is booming thanks to President Donald Trump's economic policies and tax cuts for the wealthy, according to a prominent real-estate broker firm. Sales and enquiries for upscale townhouses and mansion-like properties across the New York City borough have
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Machynlleth's Barclays bank to shut after fall in use

The last bank in a Powys town is to close because of a fall in counter transactions in the past two years. Barclays said its Machynlleth branch would shut on 21 September because only 110 customers now use it exclusively for banking. It said transactions fell by 1,761 (8%) since 2015 as more people
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Western Asset Mortgage Capital Corporation Announces Fourth Quarter And Full Year 2017 Results

Western Asset Mortgage Capital Corporation Announces Fourth Quarter And Full Year 2017 Results … PASADENA, Calif., March 5, 2018 /PRNewswire/ — Western Asset Mortgage Capital Corporation (the “Company” or “WMC”) (NYSE: WMC) today reported its results for the fourth quarter and the year
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Sumitomo to enter India's burgeoning housing market

Sumitomo to enter India's burgeoning housing market

“Real estate has been one of our core businesses historically, and we had been looking for an opportunity to get into this area in India.” The master plan for the project was created by Nikken Sekkei, which shares common corporate roots with Sumitomo. Nikken Sekkei is the designer of Tokyo Skytree,
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Banking derailed under Manmohan Singh; Chidambaram helped Gitanjali with 80:20 gold scheme …

Union Law Minister Ravi Shankar Prasad, in a press conference on Monday, said it was during the “so-called economist Prime Minister Manmohan Singh” that the banking system was derailed and that former finance minister P Chidambaram helped Mehul Choksi's Gitanjali Group through the UPA
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World's 'Shadow Banks' Continue to Expand

The Financial Stability Board said its “narrow” measure of shadow banking activities that could pose a threat to stability, rose 7.6 percent to $45.2 trillion in 2016, … “Non-bank financing provides a valuable alternative to bank financing and helps support real economic activity,” the FSB said in its report.
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Property market in India 2018: Mumbai, Delhi, Gurgaon, Noida to Bengaluru, housing sales in trouble

Property market in India 2018: A recent survey carried by property consultant JLL India, revealed that in 2017, a total of 4.4 lakh houses were unsold at the end of 2017. The survey was carried in seven major cities, from which Delhi-NCR had maximum number of property hanging. Data showcased that
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Housing crisis: 15000 new Manchester homes and not a single one 'affordable'

In Sheffield – where house prices grew faster last year than in any other UK city, according to property portal Zoopla – just 97 homes out of 6,943 (1.4%) approved by planners in 2016 and 2017 met the government's affordable definition. That says homes must either be offered for social rent (often known
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Winter Takes Another Swipe at New York, Northeast This Week

For the second time in a week, a storm promises to barrel along the East Coast, bringing snow to New York and pounding coastal areas still cleaning up from last week's nor'easter. As much as 6 to 9 inches (15 to 23 centimeters) of snow could fall starting late Tuesday in New York's five boroughs,
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Agent remains 'point man' for $46-million Billionaires Row listing

“When I travel to Europe, everyone there knows Sotheby's.” Darrell Hofheinz writes about real estate in his weekly “Beyond the Hedges” column. He welcomes news items about Palm Beach real estate for this column. Email dhofheinz@pbdailynews.com, call 820-3831 or tweet @PBDN_Hofheinz.
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Simon Chen Appointed President & Chief Executive Officer of ERA Real Estate

MADISON, N.J., March 5, 2018 /PRNewswire/ — ERA Real Estate, a leading global real estate franchisor, announced that Simon Chen has assumed the position of president and CEO of ERA Franchise Systems LLC, effective today. Chen is a widely respected technology expert with decades of
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Amazon reportedly looks to offer checking accounts for customers via JP Morgan, other banks

The e-commerce giant is in early talks with financial institutions including J. P. Morgan Chase to help launch accounts aimed at younger customers, The Wall Street Journal reports. Sources tell the Journal that while a final product could include an Amazon-branded account, it would not involve Amazon
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Trump Says He Won't Back Down After Ryan Breaks With Him on Tariffs

President Donald Trump declared that he won't retreat from his plan to impose tariffs on steel and aluminum imports after House Speaker Paul Ryan rejected the plan, saying the U.S. economy could suffer. Asked Monday about the remarks from Ryan's office, Trump was undeterred. “No, we're not
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'Cryptocurrency' Makes Its Merriam-Webster Dictionary Debut

Cryptocurrency might already be the rage of the day, but it just got a whole lot more legitimate. Among more than 850 new words and definitions added to the Merriam-Webster dictionary this month, some cryptocurrency-related words are making their debut. Read: 'Big Bitcoin Heist'—Iceland
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The off-plan evolution: what's in it for you?

Although buying an off-plan property comes with potential risks, including completion and handover delays, the volume of sales for these assets far exceeds that of completed properties. This reflects the market's appeal to speculative investors, and the more constrained input of end users. International
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Brits love a bargain, the Chinese want designer brands and Americans seek out 'cultural souvenirs …

Brits love a bargain, the Chinese want designer brands and Americans seek out 'cultural souvenirs': Survey reveals traveller's international shopping habits … The number one reason people shop when they are abroad is to buy unique 'things that are different from home', followed by unplanned,
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This week: Congress takes up banking reform as gun debate stalls

The Senate is turning to banking reform this week as a push on gun control appears stalled with no clear path forward. The financial legislation will bring Congress another step closer to passing its first rewrite of the Dodd-Frank reform bill, which was enacted nearly eight years ago. Senate Majority
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Credit Scores for Mortgage Borrowers Decline

Mortgage balances, which form the largest component of household debt rose substantially, even as median credit scores of newly originating borrowers declined during the last quarter of 2017 according to data from the quarterly report on Household Debt and Credit released by the New York Federal
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Pelosi's real estate makes her the 5th richest Californian in Congress

Thanks to a bunch of pricey real estate in swanky locations, House Minority Leader Nancy Pelosi remains high on the ranking of the California … The state Fair Political Practices Commission said it collected more than $1.1 million in fines from elected officials, lobbyists, political donors and others in
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New Farm's property market is chalking up big deals and record sales

NEW FARM'S property market has defied unit market naysayers chalking up a record breaking unit sale.
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Invesco Mortgage Capital Inc (IVR) Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. trimmed its position in Invesco Mortgage Capital Inc (NYSE:IVR) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 292,773 shares of the real estate investment trust's stock after
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Banks Are Challenged Over Renewable Energy Lending

#A Chamber executive has challenged Bahamian commercial banks to explain their reluctance to finance renewable installations, as homes and businesses continue to “bleed energy”. #Debby Deal, head of the Chamber's energy and environment division, questioned why lenders seemed so reticent to
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Mortgage Rates Start Strong, But End The Day Higher

Mortgage rates ended higher today, after financial markets reacted to developments in last week's tariff-related news. Last Thursday, stock prices and interest rates fell in response to the tariff announcement because investors figured it ran the risk of doing more economic harm than good. In general
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18-064MR ASIC winds up payday lending companies for unpaid fines

18-064MR ASIC winds up payday lending companies for unpaid fines

18-064MR ASIC winds up payday lending companies for unpaid fines. ASIC has obtained orders winding up Fast Access Finance Pty Ltd, Fast Access Finance (Beenleigh) Pty Ltd and Fast Access Finance (BurleighHeads) Pty Ltd (the FAF Companies) for their failure to pay fines for breaching consumer
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China Is Making a Bold Military Power Play

As lawmakers meet this week to cement Xi Jinping's power at home, China's president is also looking to boost his country's military might abroad. He's overhauled China's military to challenge U.S. supremacy in the Indo-Pacific, most visibly with a plan to put half-a-dozen aircraft carriers in the world's
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Analysts Set CIRCOR International, Inc. (CIR) Target Price at $61.33

ValuEngine lowered shares of CIRCOR International from a “hold” rating to a “sell” rating in a research report on Saturday, February 17th. Zacks Investment Research downgraded shares of CIRCOR International from a “buy” rating to a “hold” rating in a report on Friday. Stifel Nicolaus upped their price
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Record low home supply helps drive up Colorado Springs prices

The supply of Springs-area homes for sale tumbled to 1,229 in February, another record monthly low, according to the latest Pikes Peak Association of Realtors report. Listings in the report have dropped every month since August 2014 on a year-over-year basis. “It's very low,” said Debbie Howes, a real
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iLeads.com and Jornaya Announce Data Partnership

Counting both the largest non-bank lenders, as well as leading Internet lead generation firms as clients, iLeads.com LeadXL analytics platform currently witnesses over 15 million Internet mortgage leads monthly. Our unique analytics allow lenders to understand both what is occurring on their own sales
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Western Asset Mortgage Q4 Earnings Preview

Over the past 52-week period, shares of Western Asset Mortgage have declined 10.97 percent. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the
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Expert analysis: Where the housing market is heading this year

The housing market has been cooling and one expert says the stability in the sector has given buyers, sellers, investors and owner-occupiers the ability to make financial plans. However, with an easing in home-loan restrictions and the new Government settling in, some are seeing activity start to pick up,
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What Do Rapidly Rising Mortgage Rates Mean For The Real Estate Market?

Just in case you missed it mortgage rates have really been rising since mid-September when the 30 year fixed rate bounced off of a short term low of 3.78% and has recently hit 4.43%. For historical perspective you can check out the interactive mortgage rate graph below from the Federal Reserve Bank
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The number of 'other' debt sources is gaining momentum

Agency lending (Freddie Mac, Fannie Mae, Housing and Urban Development, and Federal Housing Administration) increased 23 percent year over year to $127 billion followed by commercial mortgage-backed securities lending up 20 percent year over year to $82 billion. Meanwhile, bank and
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Five rising female talents to watch in property and real estate

Five shortlisted female professionals are set to break new glass ceilings in the traditionally male-dominated property and real estate industry at the upcoming inaugural Women of the Future Southeast Asia Awards on 20 March.
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Fannie Mae Expands Green Lending, Housing Innovation Platforms

Now, I expect our green lending program to be a mainstay of what we do. Fannie Mae is also celebrating three important milestones this year: 80-50-30. The first one is Fannie Mae's 80th anniversary. It's been 50 years since the signing of the Fair Housing Act. This year also marks the 30th anniversary
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Here's how a Trump trade war could affect the Canadian housing market

Last week, the Trump administration announced plans to introduce global tariffs on steel and aluminium. The news came in the midst of ongoing — and difficult — negotiations to save NAFTA. But what does all this political turmoil mean for the Canadian housing market? Well, for one thing, it seems
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Monster Hunter World is Capcom's Best Selling Game Ever

It didn't take long for Monster Hunter World to become Capcom's best selling title either, with the game having only released in January. … and cultural barriers to delight approximately 7 million players worldwide, and has shipped 7.5 million units, making it the best-selling title in company history.
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Waterloo Region among best real estate markets for investment: report

If you're looking to invest in real estate, a new report says, putting your dollars into Waterloo Region is a better idea than putting them into Toronto or Hamilton. The Real Estate Investment Network has ranked the region as the second-best community for real estate investment in Ontario, behind only
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Lower Income Earns Find New Challenge in Home Affordability

Home prices at the lower end of the market have become affordable than the national average, particularly for those in lower income levels, … data has determined income growth in the lower quintiles failed to keep with the higher ends of the market, which could be exacerbated as mortgage rates rise.
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Your Zillow Account Makes It Costlier to Buy a Home

Although making the process quicker and more efficient is good and welcome, it has helped to shrink the amount of housing inventory for sale. This is an unwelcome side effect at a time when buyers are engaged in fierce competition over a relatively small number of homes for sale by historical
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Australian housing stuck between a rock and a hard place

Anyone in the mood for discovering the end result of short-term, politically driven economic policy coruld do worse than read the Grattan Institute's latest report on housing affordability. It is a report that shows the result of 30 years of policy geared towards surging housing prices which has left people
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RBI to inject Rs 1 lakh cr cash into banking system in March

MUMBAI: The Reserve Bank of India will inject Rs 1 lakh crore short term money into the banking system ahead of the financial year-end that normally … to conduct additional variable rate repo operations for longer tenors to provide additional liquidity support to the banks during March 2018, RBI said.
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Low coffee market volatility spurs buying of options – 'just in case'

Archer Consulting noted “a lot of buying of call options in recent sessions”, a move which gives investors the right, but not the obligation, to purchase coffee at a … “After the sharp price drops in the domestic and international markets early in the month, purchasers and sellers retracted, hampering trades.
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Training time, licensing fees go up for West Virginia loan officers

Mortgage licensees in West Virginia will pay higher application fees and need to take additional hours of mandatory prelicensing and continuing education under an amendment to the state's licensing law. The state's Senate approved the bill unanimously on March 2 while it passed its House on Feb.
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