Wichita, Kansas Retirement Systems (WRS) has selected BNY Mellon to provide securities lending services as well as global custody, accounting and reporting, compliance monitoring, benefit disbursements and cash sweep. WRS provides retirement and survivor annuities, disability benefits, death
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A federal jury in Bexar County, Texas, unanimously decided in HouseCanary's favor against Amrock, an affiliate of Quicken Loans formerly known as Title Source that provides home valuations, title insurance and closing services. HouseCanary is based in San Francisco, but operates its data analytics
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The Loonie continues to tumble as its cross border counterpart is gaining. The Canadian currency has dropped to 76.46 cents US this morning weighted by a slumping Canadian housing market. The Greenback is also playing a role as the White House's new economic adviser gave a stellar report on
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How to evaluate credit for marketplace lending. SoFi CEOs top 3 things. Assetz Capital secures new institutional funds. Experiance buys ClearScore.
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Hedge funder John Paulson, who made a fortune betting against subprime, is cutting staff. John Paulson, the hedge funder who made billions betting against subprime, laid off senior traders and partners this week. Paulson and Co profited during the financial crisis due to his bet against subprime
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For years, investors have gorged on corporate debt. Now they're showing signs of being full. Fewer orders are coming in for new bonds, relative to what's for sale. Companies that sell notes are paying more interest compared with their other debt, according to data compiled by Bloomberg, and once the
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With an estimated fortune of about $34 billion, Li Ka-shing has been a fixture in Hong Kong as the city's richest man for an entire generation. He spearheaded an era defined by a handful of swashbuckling Chinese immigrants who built large empires across Asia. Li, the 89-year-old chairman of CK
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Microsoft has a plan for getting 2 billion gamers around the world to use its service. In an interview with The Verge, a Microsoft Xbox team member said that the company is working on a service that would function in much the same way as a Netflix for video games. The service would offer users access to
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… Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs). Its agency securities include agency residential mortgage-backed securities (Agency RMBS) and to-be-announced
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“Mortgage rates pushed upwards in February to the highest levels in nearly three years as home prices increased by their fastest pace since March 2014,” said Redfin Chief Economist Nela Richardson. “A growing … The good news for sellers is modest rate increases are unlikely to curtail buyer demand.
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According to the annual report of the Ombudsman for Banking Services and Investments (OBSI), the office opened 370 investigations into banking-related complaints from Canadian consumers last year. That's a little more than one per day. The previous year, OBSI opened 290 new files about banks.
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Freddie Mac has begun offering an alternative to appraisals on certain types of purchase and refinance loans, moving to match their counterparts at Fannie Mae. This is great for clients because it means there's one less hurdle to worry about when looking to purchase or refinance a home. Fewer hurdles
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Wells Fargo Advisors is the trade name used by Wells Fargo Clearing Services LLC and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company. All data includes Wells Fargo Clearing Services, LLC and Wells
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The upmarket London housebuilder Berkeley is refusing to follow the government's demands to build more homes, saying that various âmarket constraintsâ made it impossible to increase supply beyond its current plans. The announcement has sent the housebuilder's shares down by 6 per cent, making
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Mortgage rates are on track to finish out the week lower than where they started for the first time in 2018. This is obviously good news for borrowers looking to buy a home or refinance their current mortgage. If you want to take advantage of the dip, you should try and act quickly because rates could jump
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Alpha Wave Investors, a private equity investment firm specializing in opportunistic and value-add multifamily and hospitality assets in the Western U.S., has announced the sale of Sycamore Cove, a 67-unit apartment property in the Oak Flower neighborhood. The firm, which acquired the asset in
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CHARLOTTE â Fairway Independent Mortgage Corporation has dramatically grown its regional footprint over the past 10 years by offering homeowners and buyers superior customer service and tailored loan options, including the Home Equity Conversion Mortgage, or HECM, more commonly known
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Wells Fargo's decision to close its Mars Hill branch will leave Madison County with three brick and mortar bank locations to cover its 450 square miles beginning this summer. Asheville Savings Bank in Mars Hill, plus Marshall branches of First Citizens Bank and the State Employees Credit Union, which
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While the volatile multi-family housing segment accounted for the decline in home building last month, the broader housing market appears to be slowing. Sales of new and previously owned homes have slumped in recent months as a dearth of properties boosted prices, sidelining some first-time home
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Encore Wire logo Keybank National Association OH decreased its position in shares of Encore Wire Co. (NASDAQ:WIRE) by 5.8% in the 4th quarter, … is a supplier of building wire for interior electrical wiring in commercial and industrial buildings, homes, apartments, and manufactured housing.
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