GSE foreclosure prevention action increase driven by hurricanes

GSE foreclosure prevention action increase driven by hurricanes

Fannie Mae and Freddie Mac had a 9% increase in total foreclosure prevention actions taken during 2017 as a result of three September hurricanes, according to the Federal Housing Finance Agency. This was accomplished through a 2,000% increase in the number of forbearance plans offered in the
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Lowe's Chairman and CEO Niblock retiring

The company hasn't capitalized as well as Home Depot on the solid housing market, and last month Lowe's posted a 16 percent drop in profit for the fourth quarter and a nearly 2 percent drop in revenue. Analyst Neil Saunders of GlobalData Retail concluded at the time that “Lowe's ability to capitalize on
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Here's When Apple Will Kick Off Its Original Programming Push

The tech company, which has recently dramatically increased its investment in original programming, is targeting the first half of next year to roll out the content — sometime between March and summer 2019. It's a high stakes battle. Among the stars Apple has recruited with its $285 billion in cash on
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Real-life stories about Stockholm's rental market has been turned into a board game – and playing …

The Nordic capital of Stockholm, Sweden, isn't exactly known for an accessible housing market. To sublease has become more common in Sweden, and the secondary market has for many become the first and only choice to work, study, and realize dreams in the big city. Liveable, a digital subleaser,
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Latest Pronouncements From OECD, EU & G20 Allow Fintech To Flourish: Expert Take

Last week marked the 10-year anniversary of Bear Stearns' infamous collapse at the dawn of the global financial crisis caused by highly leveraged mortgage-back-security lending and related transactions – an event which allowed for today's crypto economy to emerge. It was also the week the topic of
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Stormy Daniels Interview Helps '60 Minutes' Hit Ratings Milestone

The porn star's most extensive interview since allegations became public that she once had an affair with Donald Trump brought 60 Minutes its best ratings in 10 years, according to overnight numbers. The program gathered more than 24 million viewers, according to preliminary figures from Nielsen
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Fed's Dudley pushes to change pay structure for bank execs and wants them held personally liable …

Banks' culture needs to change to avoid a repeat of the financial crisis, New York Fed President William Dudley said Monday. Dudley called for multiple changes, including a shift in pay incentives away from rewards for short-term performance. Wall Street executives, more than shareholders, should take
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Delta Community mortgage lending professional receives state-wide award

Cobb-based Delta Community Credit Union announced that home loan specialist Mattie Ford was honored with a 2017 Gold Award by the Mortgage Bankers Association of Georgia (MBAG). The award honors MBAG-member loan originators who demonstrate excellence in their field. A 20-year veteran
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Xinyuan Real Estate Co., Ltd. Announces Cooperation with Tencent Computer

BEIJING, March 26, 2018 /PRNewswire/ — Xinyuan Real Estate Co., Ltd. (“Xinyuan” or the “Company”) (NYSE: XIN), a NYSE-listed real estate developer and property management company operating primarily in China and also in other countries, today announced that its 100% owned subsidiary
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Study Says: Home Sales to Remain Flat

The report found that the FHA and the VA loans reflected above-average increases in average loan amounts, due to a higher leverage fueling more rapid price appreciation. Fannie Mae and Freddie Mac experienced a minimal increase of 1.3 percent, due to the growth of the smaller balance 97 percent
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Markets Right Now: Tech, bank stocks lead US indexes higher

Microsoft jumped 5.6 percent in midday trading and Bank of America rose 2.8 percent. Facebook fell another 2.9 percent after the Federal Trade Commission said it was investigating the company's privacy practices. Investors are encouraged by signs that the U.S. and China are open to negotiating to
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Global Boat Market Will Reach USD 42046.3 Million by 2022: Zion Market Research

The North America boat market is expected to exhibit significant growth with the revenue market share value of 32.96% in 2016. This is mainly due to the continuously improving housing market and consumer spending. In turn, it is expected to boost the boat market growth during the forecast period.
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Lending Deregulation Doesn't Sit Well With Mainstream Media

The 1,690-page consumer lending rule would require online and payday lenders to take steps to ensure their customers could repay the loans that would have left most of their customer bases ineligible for loans. The rules, enacted under the Obama administration and former director Richard Cordray,
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Why There Is a Sad, Slow Decline in the Guitar Industry

The music retailer, the largest in the country, is more than $1 billion in debt and the outlook for its namesake instrument isn't great. The problem, say guitar retailers, is the nation's shift in musical tastes. As rap and hip-hop have become pop sensations, guitars have been a less a key part of music.
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Manhattan's luxury market saw 24 contracts at $4M and above last week: Olshan

He put it back on the market in November with a price chop of $3 million. Myers last year sold his 443 Greenwich condo last year for $14 million – $675,000 less than he paid for the apartment just months earlier. A three bedroom, 3.5 bath condominium at 1049 Fifth Avenue took the week's No. 2 spot
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Don't be swayed by 'free' gimmicks…Check rates before committing to new mortgage deal

Because the property market is still stagnant, lenders are focusing on shoring up existing borrowers, attracting switchers and offering all kinds of incentives (silly and otherwise) to persuade people to move their money. The biggest incentive, however, should always be a consistent lower interest rate, not
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Alta Capital Management Lifted Tjx Companies (TJX) Holding; Dynex Capital Has 2.31 Sentiment

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 1.07 in 2017 Q3. Its up 0.07, from 1 in 2017Q2. It increased, as 59 investors sold TJX shares while 374
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Deutsche Borse to create front-to-back blockchain-backed sec lending model

Deutsche Börse is to work with liquidity and collateral management outfit HQLAx and blockchain consortium R3 to create a front-to-back operating model for securities lending. In other words, it is a securities lending solution, using the R3 Corda blockchain platform, which aims to mobilise liquidity across
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HSBC launches range of 95% LTV mortgages

HSBC UK is introducing a range of 95% LTV mortgages, which will be available initially through its broker partners. Product features include: competitive interest rates starting from 3.49% for a 2-year fixed rate with free valuations and on product fee and for mortgages available up to £400,000.
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China names Guo Shuqing central bank Communist Party chief, vice governor – PBOC publication

FILE PHOTO: Guo Shuqing, China's newly appointed banking regulator, attends a FILE PHOTO: Guo Shuqing, China's newly appointed banking regulator, attends a news conference ahead of China's parliament in Beijing, March 2, 2017. To match Special Report CHINA-RISK/SHADOW
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UK IRN Research Publishes Business Legal Services Market Report

UK IRN Research Publishes Business Legal Services Market Report

There are 13 vertical sectors listed by more than 50 law firms, led by real estate (101 firms), financial services & insurance (97 firms), and hospitality, leisure and sport (91 firms). Another 10 sectors reach double figures, i.e. mentioned by more than 10 firms. Some vertical sectors are already starting to
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Assistant General Counsel, Real Estate

The Assistant General Counsel – Real Estate will provide professional legal advice, counsel, support and guidance to Invenergy's business operations, focused on the real estate interests of the company as related to its renewable and thermal generation portfolio. This attorney will support Invenergy's
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Berkshire-Backed USG Rejects $5.9 Billion Takeover by Knauf

Knauf KG, at 25 percent above USG's closing price last week, signals further confidence in the Chicago-based company and the U.S. housing market. USG has repaired its finances and returned to growth as home starts rebounded to 1.2 million last year, twice as much as during the depths of the crisis
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Mortgage rates today, March 26, 2018, plus lock recommendations

Mortgage rates today increased significantly in the 30-year fixed products, while remaining the same for shorter-term periods. We won't get any pertinent financial reporting this morning, so mortgage borrowers and investors will have to make their best guesses using economic data (see below) and
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Carousell partners with real estate agency

Less than two weeks after three major real estate agencies in Singapore launched their own real estate app, Carousell has announced a partnership with one of the largest property agencies in the country. The real estate agency OrangeTee & Tie will collaborate with Carousell to make real estate even
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New financial assistance for secondary school graduates

PARENTS AND RECENT GRADUATES NEED TO BE AWARE OF THIS OPPORTUNITY. South Dakota Housing has recently announced a new grant program for recent graduates of an accredited academic institution. South Dakota Housing can now package a low interest rate mortgage loan with a
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Moncton Property Sales Rose Nearly 30 Per Cent in February

Shaun Cathcart, a senior economist at the Canadian Real Estate Association said the province's real estate market continues to firm up. Year-to-date, the province saw an 8.6 per cent increase in sales compared to the previous year. “Over the first two months of 2018, some 858 homes have traded
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EFAMA releases UCITS net sales results

Net sales of UCITS peaked in January, supported by a very strong demand for equity funds, according to The European Fund and Asset Management Association (EFAMA). The report, EFAMA's latest Investment Funds Industry Fact Sheet was released on 26 March, and provides a breakdown of net
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Westwood Holdings Group Inc. Reduces Position in American International Group Inc (NYSE:AIG)

Several other institutional investors have also recently added to or reduced their stakes in AIG. Element Capital Management LLC acquired a new position in American International Group in the 4th quarter valued at about $19,161,000. Vident Investment Advisory LLC grew its stake in American
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Senior Counsel (Commercial Real Estate Attorney)

Job Description. Interior Specialists, Inc. (ISI) is the nation's leading provider of interior design, design center management and interior finishing installation services for single-family, multi-family, and commercial builders. We are looking to hire a commercial real estate attorney with other transactional
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Puigdemont Extradition Bid May Spark German Court Battle

Spain's effort to get hold of former Catalan President Carles Puigdemont will start a cascade of court procedures in Germany that could drag on for months. Puigdemont, who was arrested on Sunday as he crossed into Germany from Denmark by car, will first appear before a judge on Monday who will
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Amazon Is Already Reshaping Health Care

Markets with more insurers have lower premiums, while prices rise when hospitals buy physician groups. Though these are vertical deals, they will add to the market power of major players in already heavily consolidated industries, which seems like a recipe for monopolistic behavior. True, reducing the
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Mortgage rates are going up, and homeowners are abandoning refinancings

Although home-purchase activity has held up so far, the combination of rising interest rates, low housing inventory and high housing prices could all threaten this in the long term. Lenders have started to focus more on home-equity credit lines and adjustable-rate mortgages, as initial rates for them are
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Which factors could influence Ontario's housing market this spring? Experts give their take

You've probably heard plenty about how a new mortgage stress test and an interest rate hike are affecting the Ontario housing market. But these are only some of the factors that could affect the market in coming months. A provincial election, slippery debt levels, and surge of homebuyer demand could
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Whistling Past the Brexit Graveyard

The European Commission wants to give the European Securities and Markets Authority increased powers over the funds industry. ESMA would have the final say over whether delegation rights apply, or whether firms will have to increase their physical presence within the bloc to continue to service
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Nonprofit Mortgage Lender Selects New Subservicing Partner

The North Carolina based non-bank mortgage servicing company RoundPoint Mortgage Servicing Corporation (RPMS) announced its selection as a subservicing partner for Neighborhood Lending Services (NLS). NLS is Illinois' largest nonprofit mortgage lender and an affiliate of Neighborhood
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Citibank Announces National Digital Banking To Serve Clients Across the US

“Over the past few years, we have been transforming our U.S. Retail Bank into a growth engine in our core markets while developing new mobile banking capabilities as a platform to one day serve consumers nationwide. That day is here,” said Stephen Bird, CEO of Citi's Global Consumer Bank.
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Protect Your Data. Then Hope for a Tech Revolution.

Sir Timothy Berners-Lee, credited with inventing the World Wide Web, tweeted up a storm on Thursday, reassuring internet users that they could reassert control over their data — and the web's future — after the Cambridge Analytica-Facebook scandals. He's right, but not necessarily in the way he
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Freddie Mac Prices $667M K-Deal

Freddie Mac has priced a new offering of Structured Pass-Through Certificates (K Certificates), totaling $667 million, backed by seven-year fixed-rate multifamily mortgages. The certificates were put in place on behalf of 13 properties across the western United States. J.P. Morgan Securities and Morgan
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Mainland Developer Confirms $169M Purchase of Kowloon Space From CSI and Phoenix

Mainland developer Fullson International has acquired five floors in a Kowloon East office project from CSI Properties and Phoenix Property Investors for HK$1.3 billion ($169 million), a filing by the company shows. Fullson's announcement of the deal comes just a week after the Fuzhou-based
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Riverhead Capital Management Has Lifted Prosperity Bancshares (PB) Stake By $1.08 Million …

Riverhead Capital Management Has Lifted Prosperity Bancshares (PB) Stake By $1.08 Million …

Investors Title Company, through its subsidiaries, provides title insurance for residential, institutional, commercial, and industrial properties. The company has market cap of $377.16 million. It underwrites land title insurance for owners and mortgagees as a primary insurer; and assumes the reinsurance
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Why the foreign buyer ban is bad law

As public entertainment goes, Finance and Expenditure select committee hearings rate well below, say, Game of Thrones. The Auckland hearings for the Overseas Investment Amendment Bill take place in a dull hotel meeting room. There are a dozen or so MPs sitting in a horseshoe shape, shuffling
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Pressure Builds in New Zealand's Seemingly Serene Economy

The housing market has stabilized after a rapid cooling in 2017. Still, the RBNZ's recent decision to slightly relax lending curbs on investors and owner-occupiers gave the market more of a lift than expected. As long as home-loan interest rates stay low and population pressures underpin demand, the
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McConnell Wants Hemp Removed From Controlled Substance List

Frankfort, Ky. (AP) — The U.S. Senate's top leader said Monday he wants to bring hemp production back into the national mainstream by removing it from the list of controlled substances. Senate Majority Leader Mitch McConnell told a group of hemp advocates in his home state of Kentucky that he will
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US mortgage rates hold steady

“The Federal Reserve raised interest rates today — a much-anticipated move that comes as both U.S. and global economic fundamentals continue to strengthen,” said Len Kiefer, deputy chief economist at Freddie Mac. “The Fed's decision to raise interest rates by a quarter of a percentage point puts the
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Billy Busch, Heir to the Anheuser Fortune, Charged With Publicly Assaulting a Sixth Grader

Another day, another sordid entry into the legacy of the Anheuser-Busch children. In a family famous for debauchery, the occasional suspicious death, and yes … making some beer brands that they eventually sold to a Belgian-Brazilian consortium in the form of InBev, you're not often surprised by the
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Live in a Drainpipe? Five Quirky Ideas to Solve Hong Kong's Housing Crisis.

HONG KONG — For eight years in a row, an international survey of nearly 300 cities has named Hong Kong the world's least affordable housing market. It is not hard to see why. Located on a group of hilly islands and a corner of the Chinese mainland, Hong Kong has always been short of places to
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Gaten Matarazzo is going to bank a fortune for each episode of Stranger Things 3

Sure they're kids, but the Stranger Things stars are to set to make bank big time with a cheeky little pay rise ahead of the Netflix series' third season. Last week it emerged the cast were in talks to amp up their salaries after renegotiation but now TMZ has obtained docs that confirmed Gaten Matarazzo,
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Can Terry Rozier make up for Celtics' bad fortune?

While Terry Rozier fell one three-pointer short of tying the Celtics franchise record (9) for most treys made in a single game, he did manage to reach a rare feat against the Kings Sunday night etching his name in NBA history. Rozier became the first player to ever score 33 points (including eight
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Fox 13 Dream Team surprises single mom by paying off mortgage

SOUTH JORDAN, Utah – The Fox 13 Dream Team is on a mission to change lives. We've partnered with Mountain America Credit Union to help make some dreams come true for deserving Utahns. For our first surprise, we dropped into Aleen Spencer's ceramics class at the South Jordan Community
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Peoples Trust Company selects Finastra

To deliver a more streamlined lending experience, Peoples Trust Company sought a technology provider that could modernize and automate what was previously a manual paper flow. Finastra was able to provide a fully-integrated solution that delivered all the necessary functionality – including
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Volatility is back, according to BIS review

The report, which was released on 11 March 2018, focused on the return of volatility in the first quarter of 2018, as well as the changing roles of lenders in Asia in the wake of the three crises episodes, including the Asia financial crisis of 1997 to 1998, the great financial crisis of 2007 to 2009 and the
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Top Real Estate Dividend Picks For The Day

Performance in the real estate sector generally tracks the economic cycle. During periods of high growth and inflation, real estate investments usually post strong returns. However, during an economic bust, these investments tend to underperform. During these times, companies such as Hersha
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3 Bank Stocks to Put on Your Radar Now

The banking industry has been one of the best performing parts of the stock market over the past couple of years, and with tailwinds including rising interest rates and a lower corporate tax rate, there could be more upside ahead. While this should create a friendly environment for all banks, the push
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Crashes and creativity at Camp Fortune's cardboard sled derby

Dozens of DIY daredevils competed in Camp Fortune's annual cardboard sled derby Sunday, with plenty of creativity — and more than a few crashes — on display. Sled builders … Camp Fortune manager Erin Boucher said she's pleased the event made it into an Ottawa classroom. “It was sort of like a
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RoundPoint Mortgage Servicing Accepts Nomination for NLS Partner

The North Carolina based non-bank mortgage servicing company RoundPoint Mortgage ServicingCorporation (RPMS) announced its selection as a subservicing partner for Neighborhood Lending Services (NLS). NLS is Illinois' largest nonprofit mortgage lender and an affiliate of Neighborhood
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Oman central bank eases lending ratio curb, some banks may lend more

DUBAI, March 26 (Reuters) – Oman's central bank said on Monday that from April 1, commercial banks would factor in their local interbank money market positions when calculating lending ratios, a step that could enable some of them to boost lending to companies. The new policy, introduced at the
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iShares Global Timber & Forestry ETF (WOOD) At $77.40 Forms Top; 1 Bullish Analysts Covering …

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. The stock increased 0.43% or $0.0274 during the last trading session, reaching $6.3874. About 61,693 shares traded. Dynex Capital
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Banking Sales Consultant Jobs

Explore Banking Sales Consultant jobs on LinkedIn. See job descriptions, most popular jobs and companies hiring now.
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ReadyCap Commercial Grows Bridge Lending Team & Adds Offices Coast to Coast

NEW YORK, March 26, 2018 (GLOBE NEWSWIRE) — ReadyCap Commercial, LLC (www.readycapcommercial.com), has hired new team members in Chicago and New York to expand the Bridge Lending team. Mark Blaha joins the Bridge Lending Team as a Director of Originations to cover the
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Dive Into Securities-Backed Loans With TD Wealth's Head of Lending

Dive Into Securities-Backed Loans With TD Wealth's Head of Lending

To dive into the loans a little further, WealthManagement.com interviewed Bryan Loew, the head of TD Wealth Lending Sales overseeing securities-backed loans. Loew has more than 10 years of experience in private banking and broke down some of the nuances of the loans, who the borrowers are,
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Are Self-Driving Cars Set to Disrupt the Real Estate Industry

As driverless cars become the standard, new market leaders will emerge, and the infrastructure of gas stations, repair shops and parts stores will all dissolve around them. So the self-driving car will not only revolutionize real estate, it could reshape the auto industry as well. All these changes will,
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Planet Home Lending Opens Denver Branch

Planet Home Lending LLC has opened its first retail lending branch in Denver, Colo., to be managed by mortgage industry veterans Derrick Strauss and … to manage Planet Home Lending's expansion into Denver,” said Mike Lee, Planet Home Lending's Senior Vice President of National Production.
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Push Continues for Diversity in Filling NY Fed Chief Job

The Federal Reserve is facing new criticism over reports that John Williams, President of the San Francisco Fed, is the front-runner to succeed William Dudley as head of the New York Fed. According to a Bloomberg report, Williams' name was raised in media reports citing unnamed sources as the
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Downtown Calgary real estate market turns corner, changes are helping landlords

Last spring there were calls to start rezoning vacant downtown office space so it could be used for housing or other uses. Now, a year later, there are signs the real estate landscape is starting to change. One of the biggest changes has been the implementation of the Centre City Enterprise District.
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Mortgage Brain partners with Mutual Vision for Irish lending platform

Mortgage Brain added that this will facilitate faster time to market for lenders. George Webb, chief executive officer of Mutual Vision, commented: “We have selected Mortgage Brain because it has the most widely used and preferred electronic trading software in the UK and Irish markets. “MTE allows
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This international market is primed to benefit if a US-China trade war erupts

“Look at it as a win-win situation — you either buy momentum after Friday or you're buying lower [this] week,” he said. “The market is going to recover off some of these big support levels.” European markets lost earlier gains heading into the close in Monday's session. Germany's DAX was down 0.5
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JUST FICS IT!

To observe the company's 26th anniversary, the Financial Investment and Consultancy Services' (FICS) team has committed to helping more Saint Lucians save and make smart financial decisions. On Monday March 19, FICS launched a new product: Jumbo Mortgage Finance (JMF) at its Rodney Bay
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Is It Time To Buy Philip Morris International Inc (NYSE:PM)?

Philip Morris International Inc (NYSE:PM) saw significant share price volatility over the past couple of months on the NYSE, rising to the highs of $110.6 and falling to the lows of $95.63. This high level of volatility gives investors the opportunity to enter into the stock, and potentially buy at an artificially low
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Why aren't US executives buying more of their company's shares?

Peter Lynch, the American fund manager, once observed that corporate executives had numerous reasons why they might decide to sell the stock of their own companies, but only one reason to buy: because they thought it would go up in value. Executives will frequently sell shares in their own
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Marijuana May Aid in Alcohol and Drug Addiction Recovery

A recent study published in Neuropsychopharmacology found that a substance found in cannabis called cannabidiol, or CBD, can help prevent relapses in drug and alcohol patients, especially when those patients are re-entering stress-filled environments. In the study, scientists from the Scripps
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Why most data scientists are no good for banking

Just because you're a data scientist, don't presume you'll get hired by an investment bank. This is the message from Shary Mudassir, a managing director in global equities trading at RBC Capital Markets. “It's hard to attract and retain highly capable AI talent – if you get 100 applicants, then 90 of them
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Capital rule change could spur more bank interest in servicing

A proposed regulatory change could jumpstart more bank interest in mortgage servicing rights this year. The capital simplification proposal, which increases the percentage of Tier 1 Capital that can be made up of MSRs to 25% from 10%, would reduce the pressure on banks to sell MSRs, said Lee Smith
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China: Foreign banks breathe easier

Foreign banks will no longer need to ask for the banking watchdog's approval before they offer offshore wealth management services, act as custodians for these services and for mutual funds, or repatriate funds for foreign financial institutions facing liquidation, the CBRC said on February 24. The CBRC
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Local housing market ranks No. 6 in nation

The U.S. housing market is healthy for 2018, and the Franklin County market is one of healthiest in the nation. The Chambersburg-Waynesboro Metropolitan Area ranked sixth among 400 U.S. housing markets, according to the latest Health of Housing Markets Report by Nationwide Mutual Insurance Co.
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Walmart Names Tesco Grocery Boss as New Jet.com Exec

Walmart Inc (wmt, -1.92%) is bringing in the big guns in its grocery delivery war with Amazon.com. (amzn, -3.12%). The retailer's Jet.com business has tapped the executive who oversaw British retail giant Tesco's successful grocery delivery push to be its new head, Walmart eCommerce CEO Marc Lore
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P2P lenders want tax breaks

To give a boost to the P2P (peer-to-peer) lending industry, the Centre must allow tax breaks for lenders who are coming to such platforms. This was suggested by a representative of the India Fintech Forum at a recent meeting on start-ups chaired by Commerce and Industry Minister Suresh Prabhu in the
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Senate Judiciary Committee Invites Zuckerberg to Testify on Facebook Privacy

Facebook Chief Executive Mark Zuckerberg was invited to testify before the Senate Judiciary Committee next month by Chairman Chuck Grassley as questions mount over its data privacy practices. The invitation asking Zuckerberg to answer questions at an April 10 hearing comes as the Federal Trade
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Mortgage Rate Increases Could Outpace Home Price Gains by Wide Margin

Mortgage rates are rising at the same time as home prices, but the U.S. may end up in a situation where the cost of taking out a loan increases at a pace that is much higher than the uptick in home prices. That's according to CoreLogic's latest Home Price Index Forecast, which implies that home prices
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Bitcoin Breaches $8000 Level as March Slump Accelerates

Bitcoin began the week on a down note, declining as much as 8.7 percent, pushing the biggest cryptocurrency's decline for March to about 25 percent. Twitter Inc. confirmed Monday that it's banning advertisements for initial coin offerings and token sales on its social-media platform. The decision comes
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Lower Homeownership Rates Tied to Limited English Proficiency

Lower Homeownership Rates Tied to Limited English Proficiency

There is a 64 percent median homeownership rate in neighborhoods with the highest levels of limited English proficient (LEP) residents, compared to a 74 percent rate in neighborhoods with the lowest levels of LEP residents. Spanish-language speakers compose 62 percent of the LEP population, and
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Cisco Systems gives $50M to combat California homelessness

The median rent in the San Jose metro area is $3,500 a month, but the median wage is $12 an hour in food service and $19 an hour in health care support, an amount that won't even cover housing costs. The minimum annual salary needed to live comfortably in San Jose is $87,000, according to a
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Company sells California town planned as a marijuana mecca

LOS ANGELES (AP) — Could plans to turn a California ghost town into a marijuana mecca be going up in smoke? American Green Corp. bought the town of Nipton last year with plans to remake its dusty 80 acres on the edge of the Mojave Desert into a pot-friendly resort destination. Now, the
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When Bombay went to East India Company for £10 rent

It was on this day, 350 years ago, that King Charles II declared the East India Company (EIC) “the true and absolute Lords and Proprietors of the [Bombay] Port and Island… at the yearly rental of £10, payable to the Crown,” writes Samuel T Sheppard in his book 'Bombay'. King Charles was happy to
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Mortgage rates could rise even if the RBA keeps the cash rate on hold

In a week filled with major news events, including the US Federal Reserve's benchmark interest rate hike and the Cambridge Analytica scandal, the news that Suncorp Bank would lift its owner-occupier mortgage rate by 0.05 percentage points to a standard rate of 5.6% hardly merits a mention.
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Real Estate Roundup: Coleman Highline moves ahead; Palo Alto investors make a fast profit

Now that Hunter Storm has purchased the property it'll need to complete its approximately 45.5-acre Coleman Highline development, the company last week also submitted a planned development permit to allow 775,000 square feet of commercial office and two parking structures totaling 16,000 square
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Mortgage Rates Slightly Higher to Begin Shortened Week

Mortgage rates moved sideways to slightly higher today, keeping them in an exceptionally narrow range that's persisted for the entire month of March. As of last Thursday, rates looked like they might make an attempt to challenge the lower boundary of that range, but they quickly backed off (or backed
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London's Housing Market Shows More Signs of Being in Doldrums

Hometrack is slower than some other firms in showing a turn in the capital's housing market because its London index includes a number of commuter towns, where prices aren't falling as quickly. The researcher said it includes these to give a more accurate picture of London real estate trends.
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A pad to pirouette in: Famed ballerina lists Hamptons home for $37M

One of her sons, Niko Elmaleh, 71, said they are selling the home because his mother isn't able to use the property often. His late father, Victor Elmaleh, chairman of real estate development firm World-Wide Group, renovated the home in the mid-1970s. “The whole joy of living there is feeling like you're
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Imagine If Gordon Gekko Bought News Empires

It currently holds three stocks, according to Bloomberg data: ParkerVision Inc., a stock currently worth 80 cents per share; General Electric, whose problems are well-documented; and the aforementioned Fred's. In late 2016, Alden Global revealed that it owned 25 percent of the stock in Fred's,
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CFPB Loses Motion For Reconsideration In Borders Case: Its Next Steps May Provide Insight Into …

In other words, because any benefit to Borders was completely dependent on the consumers' decision whether to purchase title insurance from the recommended joint venture or some other title agency, it was insufficient to qualify as a “thing of value” under RESPA. This is a potentially significant
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Spokesman Says Trump Still Has Confidence in Shulkin

Early Monday, White House spokesman Hogan Gidley sought to dismiss reports of Shulkin's imminent dismissal as head of the Department of Veterans Affairs, the government's second largest department with 370,000 employees. He told Fox News Channel, “we hear these types of rumors every day.”.
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Rose McGowan Sells Her Home for a Good Cause: To Crush Harvey Weinstein

“This was a great marketing strategy for her home,” says Washington, DC, real estate agent Cedric Stewart. “What people fail to realize is that stories sell, even in real estate. That's why we start each listing appointment by asking the seller to tell us their story: Why they bought, and why they're selling.
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Preventing Common Hangups at the Reverse Mortgage Closing Table

The reverse mortgage closing is a highly anticipated event both for borrowers and for originators. At this point, after weeks or sometimes months of education and working through the application, the reverse mortgage is finally close to fruition. Yet there can be roadblocks even at this late stage in the
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Scamps scampers as banking's revolving door season opens

Sources say property banker Daniel Scamps is leaving Morgan Stanley, where he is head of real estate in Australia. Scamps took over the role after its former top Australian real estate bankers left in 2014. Former property co-head David Dixon retired and Sydney-based managing director Paul Snushall
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UPDATE 1-Oman central bank eases lending ratio curb, some banks may lend more

The new policy, introduced at the request of some lenders, will let banks use liquidity more efficiently and stimulate activity in the interbank money market, the central bank said in a statement. Omani banks must obey lending ratios which limit the credit they extend to 87.5 percent of their deposit bases.
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Cyber Banking Mastermind Arrested By Police In Spain

European police have potentially landed a hugely important victory in their fight against cyber criminal gangs targetting the banking industry. It comes after the leader of the crime gang behind the Carbanak and Cobalt malware attacks that had targetted over a 100 financial institutions worldwide was
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Elon Musk's Falcon 9 Rocket Tore a Hole in the Atmosphere

The Falcon 9 rocket launched by Elon Musk's SpaceX on August 24th, 2017 tore a 560-mile temporary hole in the ionosphere, scientists say. Courtesy of SpaceX. By Grace Donnelly. 2:43 PM EDT. With more launches than Russia last year, Elon Musk's rocket company SpaceX made waves in 2017.
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Chair of ECB's Supervisory Board says banks may reclassify 'split mortgages' as performing loans …

The head of the European Central Bank's Supervisory Board has said Irish banks may be able to reclassify some of their split mortgages as performing loans. Responding to a question by Fine Gael MEP Brian Hayes, Danièle Nouy said the ECB would be willing to let banks classify some of their split
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Less Q1 Optimism on Homebuying

In a poll of roughly 2,700 households, 68 percent of homeowner respondents during the first quarter felt that now is a good time to buy a home, down from 72 percent in the fourth quarter of 2017. The first quarter level is the lowest share in the past two years. Among renters, 55 percent felt strongly about
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What Is a Seller's Market? A Tough Road for Home Buyers

What Is a Seller's Market? A Tough Road for Home Buyers

For example, wherever Amazon opens its new headquarters, youre going to see a huge influx of home buyers in that city, says Seth Lejeune, a real estate agent with Berkshire Hathaway in Collegeville, PA. You can view job market trends in your city through the Bureau of Labor Statistics. Housing starts.
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Credit union lending boom expected to continue in 2018: Economist

Credit union lending is booming and the positive trend is expected to continue in 2018, according to the chief economist for CUNA Mutual Group. According to Steven Rick, who also is a director for the Madison, Wis.-based company, credit union loan balances rose 0.7 percent in January – an
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Is Buying Stock Like International Paper Company (IP) After Such Increase Winning Strategy?

Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.08, from 1.03 in 2017Q2. It turned negative, as 37 investors sold International Paper Company shares while 252 reduced holdings. 76 funds opened positions while 199 raised stakes. 333.87 million shares or 1.34% less from 338.41 million
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Proof of income requirement hinders mortgage seekers

Failure to provide proof of income by mortgage seekers operating in the informal sector has resulted in a low uptake of mortgage facilities, players in the housing finance sector have said. According to the Zimbabwe Association for Housing Finance “providing proof of incomes from informal business
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Finish Line's merger with UK suitor could pose global challenge to Foot Locker

Sports Direct International, another U.K.-based sports apparel retailer, last year took a large stake in Finish Line, although the majority of its shares did not grant voting rights. “We had been skeptical about Sports Direct's true intent on buying [Finish Line] largely because SPD usually buys companies out
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Why Walmart Is Testing Robots In Stores—and Here's What Its Learned

Inside 50 of Walmart's U.S. stores, robots resembling vacuum cleaners affixed with small, sleek towers, patrol the aisles, checking whether the shelves are stocked with enough toilet paper and that laundry detergent has the correct price tag. Walmart is testing the robots, built by Bossa Nova Robotics,
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Slowing market gives new opportunity for home ownership in St. John's

A new housing report that shows a slowing of the market in St. John's may not necessarily be bad news, especially for those hoping to buy their own home. Fuelled by high oil prices and a booming economy, housing prices in the St. John's area skyrocketed and new home construction was booming
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Elon Musk's Boring Company to sell LEGO-like bricks that can be used to build housing

Interestingly, Musk later tweeted that the bricks could be used to quickly build the beginnings of a new house. “Yeah, the boring bricks are interlocking with a precise surface finish, so two people could build the outer walls of a small house in a day or so,” Musk said in response to a question about
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Citibank Set to Launch National Digital Banking Mobile App Capabilities

According to Citi, the features, which will roll out in the upcoming weeks, will include seamless in-app account opening, a 360-degree view across all financial accounts and spending insights to enhance clients' financial wellness. The bank also claimed that in addition to the features, the app will offer a
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Germany Seeks Tighter Facebook Controls After 'Intolerable' Leak

German Justice Minister Katarina Barley called Facebook Inc.'s handling of private data “intolerable” and said the government will tighten oversight of the social network. Pledges by Facebook officials at a meeting in Berlin to disclose how many users were affected in the Cambridge Analytica data
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Bath's housing shortage results in bidding war won by a nonprofit

Bath Housing Development Corp. found itself in a bidding war for a century-old multifamily house to add to its portfolio of affordable homes in Bath. Ultimately, the nonprofit won, by paying $26,000 above the asking price of $299,000, for a total of $325,000. The 6,358-square-foot house, comprising six
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Fintech-Turned-Crypto Firm Tumbles as Citron Alleges Fraud

Longfin Corp., a fintech company whose stock surged 2,600 percent after it touted ties to cryptocurrencies, has fallen victim to the naysayers. Shares of the New York City-based company plummeted as much as 14 percent to $61.50, the most intraday in more than a month, after short seller Citron
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Are Iranians ready to 'Buy Iranian'?

Another group of consumers only buys high-quality Iranian products that are sold at competitive prices and offer after-sale services. Last are those who tend to be more brand-sensitive. This group of mostly young Iranians living in major cities, as well as wealthy Iranians, prefers foreign goods, especially
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Coldwell Banker Residential Real Estate receives humanitarian award

Coldwell Banker Residential Real Estate is being recognized for its charitable efforts. NRT LLC, the parent company of Coldwell Banker Residential Real Estate and the nation's largest residential real estate brokerage company, awarded Coldwell the 2018 Humanitarian Outreach Award. Each year, the
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Proposal impacts real estate industry

Ohio legislation has been proposed to close the “LLC Loophole” on real estate transfer taxes. The bill would apply to any transfer of ownership interest in a pass-through entity that owns real estate both directly or indirectly. “While the change wouldn't cost a lot for many real estate owners, it is something
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Banks eke out sub-1pc lending growth

New Zealand banks managed a combined 0.9 per cent increase in lending in the fourth quarter, a period when operating expenses and impaired asset charge jumped more steeply. The nine biggest registered banks had $401.65 billion of lending, up from $398b three months earlier, according to
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343 Industries' New Job Listing Reveals VR Halo Title Is in the Works

Recently, Microsoft Studios subsidiary 343 Industries posted a new job opening via LinkedIn, however, what makes this job listing very intriguing is that it indicates that a new VR title within the Halo universe is currently in the works. According to the job listing, the Washington-based company is looking
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What after Winder Investment Pte Ltd's Insider Buy of International Flavors & Fragrances Inc …

Not a long ago, a substantial insider trading transaction was made. Winder Investment Pte Ltd, an insider of International Flavors & Fragrances Inc obtained exactly 80,000 shares of International Flavors & Fragrances Inc, worth $10.72 million U.S Dollars, at $134.0 per every share at the time of the
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Experiencing The Start Of A New Trend? – Lincoln National Corporation (LNC), Fidelity National …

Investors also need to beware of the Fidelity National Financial, Inc. (NYSE:FNF) valuations. The stock trades on a P/S of 1.42, which suggests that the shares are not attractive compared with peers. The broad Surety & Title Insurance industry has an average P/S ratio of 0.71, which is significantly better
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Teachers can't afford Miami rents. The county has a plan: Let them live at school.

Amid a wide gap between modest teacher salaries and Miami's high housing prices, the county has a new plan: build apartments on school property and let faculty live there. A preliminary proposal includes constructing a new mid-rise middle school in the luxe Brickell area for Southside Elementary,
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FintruX raises $25 million in their token sale to build P2P lending platform for small businesses and …

FintruX raises $25 million in their token sale to build P2P lending platform for small businesses and …

Raising funding for small businesses and startup can be a challenge. One startup is trying to change that. FintruX Network is a global P2P lending blockchain-based ecosystem, powered by Ethereum. FintruX Network aims to connect borrowers, lenders, and rated service agencies. FintruX facilitates
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Robert Kraft on lending Patriots plane to transport Parkland students: 'We didn't hesitate a minute'

Giffords – herself was the victim of a 2011 shooting that has left most of the right side of her body paralyzed – wondered if Kraft consider lending the team plane to help transport the students. “When they called and asked, 'Would you send a plane and help take the wounded kids and their families and
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A Rose Gold iPhone X May Be Coming

If you've been hoping for a rose gold iPhone X, your dreams may be coming true. Apple plans to introduce a rose gold version of the high-end phone, according to Japanese tech blog Mac Otakara, to go with the existing and relatively monochromatic palette of options: silver and space gray. The site
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Here's Why Hold Strategy is Apt for GGP Stock Right Now

However, the U.S. retail real estate market has been plagued with issues like downsizing and bankruptcies of retailers in recent times. This is because mall traffic continues to suffer amid a rapid shift in customers' shopping preferences and patterns with online purchases growing by leaps and bounds.
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MetLife Investment Management exceeds $16 billion in global commercial real estate transactions …

MetLife Investment Management's global real estate platform, which includes origination and asset management capabilities across 11 regional offices, also grew its commercial mortgage loans and real estate equity assets managed to $76.4 billion, a 9.1 percent increase from the year prior.
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Calif. real estate agent who was shot in Mexico says he's a hate crime victim because he and …

A California real estate agent claims he was the victim of a hate crime after he was shot while vacationing in Mexico. Carl Blea, 47, and his husband, Marc Lange, 49, were holding hands while walking back to their condo in Puerto Vallarta from a nightclub when they felt someone creeping up behind
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Homebuying Attitudes at Odds With Economic Outlook

Positive attitudes toward home buying still predominated in the National Association of Realtors® (NAR) most recent Housing Opportunities and Market Experience (HOME) … “Adding more fuel to the affordability fire is the fact that mortgage rates have shot up to a four-year high in just a few months.
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Commercial Real Estate: GPEC sees big things for big-box warehouse growth

In 2015, when Chris Camacho took the reins of the Greater Phoenix Economic Council from longtime president and CEO Barry Broome, it seemed he had some big shoes to fill. Two years later, Camacho might need bigger shoes. According to GPEC, under Camacho the group has attracted more than
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Lanesborough REIT Reports 2017 Operating Results

Notwithstanding the improved results, LREIT continues to face significant financing challenges and required additional sources of cash during 2017 to fund the cash outflow from operating activities, regular mortgage loan principal payments, deficits incurred upon loan refinancing, transaction costs for
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Twitter, Backed by Bitcoin Fan Jack Dorsey, to Bar Some Cryptocurrency Ads Starting Tuesday

Square and Twitter CEO Jack Dorsey may see Bitcoin as the world currency in a decade, but for now, many cryptocurrency ads will be banned. NICOLAS ASFOURI AFP/Getty Images. By Lucinda Shen. 4:12 PM EDT. Twitter and Square CEO Jack Dorsey's belief in Bitcoin doesn't seem to extend to all
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Valuation Expo Wrap Up!

The discussion included new forms, selection of comparable sales, supporting adjustments, data verification, seller concession and communication of value conclusion. This was a real crowd pleaser thanks to Julie Jones with Fannie Mae; and Scott Reuter and Gary Skinner of Freddie Mac. Coffee was
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This Man Wants to Run for Governor of California and Flew a Rocket to Prove the Earth Is Flat

“Mad” Mike Hughes reacts after the decision to scrub another launch attempt of his rocket near Amboy, Calif. on March 6, 2018. James Quigg—AP. By Grace Donnelly. 5:27 PM EDT. The Earth is flat and Mike Hughes wants to prove it to you. The amateur rocketeer, known as Mad Mike, took his first flight
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MetLife Unit Struck $16 Billion in Real Estate Deals Last Year

MetLife Inc.'s asset manager said the stable market for real estate financing helped it complete $16 billion in global property transactions last year. … The unit had a strong year, with continued high interest in real estate from institutional investors as well as Asian buyers in the U.S. market, said Robert
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NZ banks eke out another quarter of sub-1% lending growth, KPMG says

New Zealand banks managed a combined 0.9 percent increase in lending in the fourth quarter, a period when operating expenses and impaired asset charge jumped more steeply. The nine biggest registered banks had $401.65 billion of lending, up from $398.05 billion three months earlier, according
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8 facts you need to know about Metro Vancouver's condo market heading into spring

According to Cameron Muir, chief economist at the British Columbia Real Estate Associate (BCREA), both the condo and townhouse segments are firmly in sellers' market territory. “We see prices climbing at rates of 25 per cent to 30 per cent year-over-year growth in the apartment market in Metro
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12 states where home purchasing power is on the rise

Mortgage lenders in states like Arizona can benefit from gains in homebuyer purchasing power, with real home prices falling nearly 5% in the state. In contrast, buyer conditions in New York present less than favorable circumstances for lenders, as real home prices shot up almost 9%, the greatest
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Opinion Why lenders should jump at new, easier fix for back pay disputes

For the better part of the last decade, lenders have been struggling (often in vain) to comply with the Fair Labor Standards Act. However, curing these problems has often gone hand-in-hand with acknowledging significant liabilities and the risk that well intentioned changes could spark litigation. Now, the
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PGGM promotes real estate head to lead responsible investment

Mr. Veld replaces Frank Roeters van Lennep, the chief investment officer for private markets who held the role temporarily after the departure of Marcel Jeucken, said a spokesman.​ Mr. Jeucken left in November to become an independent adviser on responsible investing. Mr. Veld, who starts the new
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Spanish Broadcasting System Suspends Trading In Its Series B Preferred Stock

As a result, there are genuine questions regarding valid ownership, or good title, to these shares. The Company today requested that The Depository Trust Company suspend trading in the Series B Preferred Stock pending the resolution of who validly owns these shares and is considering possible
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A Look at South Baltimore Real Estate Market Stats

The following is an overview of the median real estate sale price over the past year for the different South Baltimore neighborhoods covered by Redfin. Each median statistic calculated by Redfin is from a 90-day period that ends on the last day of the stated month. The median sale price is the sale price
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Nigeria Turns to Dialogue to End 9-Year Islamist Insurgency

Nigeria Turns to Dialogue to End 9-Year Islamist Insurgency

Nigerian President Muhammadu Buhari's government is switching tack in its bid to end a nine-year-old Islamist insurgency in the northeast by pursuing talks to resolve a conflict that's cost thousands of lives and brought the region the brink of famine. Information Minister Lai Mohammed announced the
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Locust Grove project exemplifies distribution center trend south of Atlanta

“The south side of Atlanta has it all,” Demperio says. “That's why CRG and John Hancock Real Estate have invested here.” They are not alone. In fact, the I-75 South/Henry County section of the South Atlanta industrial market has seen tremendous growth over the past three years. Just under 9.3 million
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Kim Jong Un and John Bolton Learned Very Different Lessons From Libya

Just after Trump sent out a tweet announcing Bolton's new role, he told Fox News, where he'd been working as a contributor, that “what I've said in private now is behind me” and “the important thing is what the president says and what advice I give him.” With Tillerson and McMaster gone, that advice is
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Fortune Logo

Buy Fortune Logo by Ondatr34 on AudioJungle. Positive music with the sound of the wheel. Good for games and vileo.
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TD Bank picks nCino for corporate and commercial lending units

As a result of these deployments, TD's business lending customers can expect to receive faster decisions to their loan requests and have enhanced visibility into the loan process. Additionally, TD Bank's sales, underwriting and credit risk management teams will also be able to collaborate more easily on
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Williams to New York Fed reports spur pro-diversity backlash

It's one of the most important roles in global central banking. The Fed's New York branch oversees Wall Street and holds a permanent vote on monetary policy. The bank's own search committee emphasized a diverse process to fill it, hiring a search firm that specializes in identifying minority and women
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Arizona real estate fraudster jailed for defrauding Hispanic families

… Property Investments, and San Marino Property Investments. As a result of his guilty plea, a judge ordered Aguirre to spend 7.5 years in prison. Upon his release, Aguirre will be placed on six years of probation. Additionally, Aguirre must pay $2 million dollars in full restitution to the victims of the real
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Wells Fargo sees departure of four risk management executives

Last week, Wells Fargo made an internal announcement, saying it is implementing a new design for how the company manages risk, the company told HousingWire. Part of this announcement, included the retirement of four of its risk management executives. “Strengthening and transforming how we
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'Abandoned by the big banks:' Why Canada needs postal banking

The head of the union that represents Canadian postal workers says the country's government-run mail service could fill a gap left by big banks by providing personal financial services that are not available in many parts of the country. The topic is set to be debated in Parliament after London-Fanshawe
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Regions Bank among top companies for customer experience

Regions Bank is one of the top companies in the nation for customer experience, according to the 2018 Temkin Experience Ratings. The Birmingham-based bank, for the fifth consecutive time, is among the Top 10 percent of hundreds of companies rated. John Owen, head of enterprise services and
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Democrats call for increased funding for federal housing programs

Friday, Congress passed a $1.3 trillion budget to keep the government open, and provide funding until the end of September, however, the housing industry clashed on whether or not the budget provides enough for the industry. The new law allots $4.6 billion in additional funding compared to fiscal year
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NLS Selects RoundPoint Mortgage Servicing as New Subservicing Partner

The North Carolina-based non-bank mortgage servicing company RoundPoint Mortgage Servicing Corporation (RPMS) announced its selection as a subservicing partner for Neighborhood Lending Services (NLS). NLS is Illinois' largest nonprofit mortgage lender and an affiliate of Neighborhood
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How a Tiny Latvian Bank Became a Haven for the World's Dirty Money

The ABLV debacle has exposed the shortcomings of European regulators, who believed for years Latvia's banks weren't doing enough to scrutinize their clients, but did little to stop it, U.S. officials say. Washington informed the European Central Bank about the imminent crackdown on ABLV just minutes
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Sizing up Alexandria Real Estate Equities (ARE)'s Weekly Performance, Moving -7.52%

We can also take a look at the Average Directional Index or ADX of Alexandria Real Estate Equities (ARE). The ADX is used to measure trend strength. ADX calculations are made based on the moving average price range expansion over a specified amount of time. ADX is charted as a line with values
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New Home Sales Dip Again in February: Should You Worry?

According to mortgage loan company Freddie Mac, the 30-year, conventional, fixed-rate mortgage moved higher for the fifth straight month to 4.33% in February (highest since 4.34% in April 2014) from 4.03% in January. Nonetheless, a solid U.S. economy accompanied with a healthy labor market is
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Stockholm's rental market has been turned into a board game – and playing it will make you terrified

The Nordic capital of Stockholm, Sweden, isn't exactly known for an accessible housing market. Subleasing has become more common, and the secondary rental market has for many become the first and only choice to be able to work and study in the big city. Liveable, a startup providing tenancy
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Update on Lending for February 2018

Gross mortgage lending in February is estimated to have been £19bn, 4.9 per cent more than a year earlier but below the monthly average of £21.4bn for 2017. Remortgage approvals in the month are up over 9 per cent in both number and value compared to February 2017. Consumer spending was
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Madison Realty Capital Inks $32M Mortgage on Williamsburg Resi Development

MRC's 24-month, floating rate mortgage won the day for Roth because of the firm's capacity to act as a one-stop shop, its co-founder, Josh Zegen, said. “The borrower approached MRC based on our ability to be a single, flexible source of construction financing to complete the project,” Zegen said.
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Half of All US Coal Plants Would Lose Money Without Regulation

Cooling towers are reflected in a puddle at a coal-fired power plant in West Virginia. Photographer: Luke Sharrett/Bloomberg. It's long been clear that U.S. coal plants are struggling. A study released Monday shows how much — concluding that barely half earned enough revenue last year to cover their
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Security Expert

Security Expert (OPER IT TA 12/2018). Publication date: 26 March 2018 | Deadline for applications: 25 April 2018 at 12.00 noon London time | Status of selection: ongoing. This role main responsibilities' include: Develop, implement and maintain EBA's Information Security Framework in accordance with
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Saudi Prince Wants Trump Park Avenue's Rent Lawsuit Thrown Out

Saudi Prince Wants Trump Park Avenue's Rent Lawsuit Thrown Out

A Saudi prince says he gave back the keys last year to a Trump Park Avenue LLC-owned penthouse and asked a judge to toss out a lawsuit seeking almost $2 million in unpaid rent. The unit of President Donald Trump's company sued Faisal bin Abdul Majeed al-Saud in February, claiming he leased
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People on the Move 3.26.18

At RED, Croul's responsibilities will include growing the company's national Freddie Mac and Fannie Mae small-balance lending platform. Earlier in his career, he led regional operations at John Hancock Real Estate Finance Group and was a mortgage banker at predecessor companies to Berkadia,
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Dropbox Shares Jump More Than 40% After Highly-Anticipated IPO

CEO Drew Houston tells Fortune that Dropbox is expanding into business software and targeting large enterprise companies. It's an intensely competitive field with powerful players like Google, Apple, and Microsoft. But Houston is confident about Dropbox's future. “We've always been in a competitive
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Big Banks Also Have Lots Of Cash Around

Corporations have lots of cash around; private equity firms have lots of cash around; and big banks also have lots of cash hanging around. Large banks have come to dominate the United States banking system as the financial collapse and technological changes have all played into the hands of the
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LendingTree Study: The Cost of Bankruptcy

People who have declared bankruptcy (or who are considering it) may ask themselves whether they'll be able to get a mortgage, finance a car or even get a personal loan down the road. To find out whether those fears are founded, LendingTree's team of data analysts looked at loan terms offered to over
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Allianz Asset Management GmbH Reduces Position in Science Applications International Corp …

Bank of New York Mellon Corp grew its holdings in Science Applications International by 4.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 735,276 shares of the information technology services provider's stock valued at $49,154,000 after buying an additional 29,387 shares in the last
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Flat-fee real estate agency Purplebricks secures $177 million investment to fund US growth

“Since launching in the U.S. in September 2017, we have achieved tremendous success and recognition in what we consider to be some of the most highly competitive residential real estate markets in the world,” Purplebricks U.S. CEO Eric Eckardt said. “Our platform has been well received in all four
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National Housing Market Index release for Q4 2017

The national home purchase market continued its rally in 2017:Q4. Sales transactions increased 5.4% in the fourth quarter compared to a year ago, marking the 13th consecutive quarter of such increases. This rally came despite a 6.7% jump in national house prices during that period. Please find data
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The Canadian housing market could be to blame for inflation rates creeping upwards

Canada's annual pace of inflation shot up in February, surprising economists who had expected it to stay significantly lower. The cause of the boost? According to one economist, the housing market had a role to play. The Bank of Canada's ideal rate of inflation is at or below 2 per cent. While in January
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Bloomberg View Radio: Weekend Edition for the Week of 3-23-18

Guests: Eli Lake, Bloomberg view columnist: “McCabe's Firing Wasn't Political Till Trump Made It So.” Joe Nocera, Bloomberg view columnist: “Google Has a Diversity Problem and a Lawsuit Problem.” Mark Buchanan, Bloomberg View columnist: “Want to Stop Climate Change? Take 'Em to Court.
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NYC's Luxury Housing Market Feels the Nor'easter Chill

Luxury housing sales in the tony Manhattan area of New York are declining and it's not just the winter chills of the fourth Nor'easter the city experienced in three weeks, but according to a report on the luxury housing market in the area by Olshan Realty Inc., the decline also has to do with the market
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3-26-18 The Modern Mortgage Professional 2020 & Beyond

In today's podcast, our Hot Topic guest is Dave Savage, Founder of Mortgage Coach, who has over 30 years' experience as an agent of change in the mortgage business. Combining his strengths as a mortgage industry visionary and a mobile technology pioneer, Dave is dedicated to preparing lenders
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Why Lowe's Companies Inc. Stock Jumped Today

Investors seem to believe that Lowe's strong performance is due primarily to the booming housing market and not to any particular strategy on the part of Niblock. Home Depot has consistently put up better comparable sales and earnings growth than its chief competitor. Unlike Lowe's, Home Depot has
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Spain arrests alleged mastermind of cyber bank heist gang

Spanish police have arrested a Ukrainian man they suspect is the head of a cyber crime gang that stole more than €1bn from 100 financial institutions, often by hacking into banks' computers and ordering ATMs to spew out cash. The gang has inflicted losses on banks in more than 40 countries using
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Cleveland Fed: Employment and other economic indicators in Cleveland market improving, but …

The report also shows encouraging sings of further recovery and stabilization in the Cleveland's housing market as median home values saw their strongest growth in more than a decade during 2017, according to the Fed, with home values growing 5.3% year-over-year as of December. You can read
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Watchdog Alleges Cambridge Analytica Violated Election Law

Alexander Nix, chief executive officer of Cambridge Analytica, leaves the company's offices in London, U.K. on March 20, 2018. The company's board said it suspended Nix, effective immediately, while an independent investigation is conducted. Chris J Ratcliffe—Bloomberg via Getty Images. By Alana
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10 Must Reads for the CRE Industry Today (March 26, 2018)

(CNBC); Five Workplace Trends the Commercial Real Estate Industry Should Prepare For “The most significant innovations of the last century have a couple of common elements: They solved simple problems in the lives of everyday people, and almost nobody recognized that these problems needed to
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raceAhead: Trump Re-Bans Transgender Troops

Hundreds of thousands of students, parents, friends, and allies poured into the streets of Washington, D.C. and other cities around the U.S. to demand stronger gun laws during Saturday's March for Our Lives Rally. If you haven't had the time to watch the extraordinary speeches from some of the young
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Real estate news: Guthrie Development buys Placentia offices for $10.4M; First Team buys Star …

First Team Real Estate in Irvine has merged with South Orange County's Star Estates, bringing 130 Star agents to First Team's luxury housing team. Terms of the deal were not disclosed in a joint company statement. Michelle Williams Harrington, owner of Star Estates, now takes the role of vice president
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Luby's Inc.: It's All About The Real Estate

A change of ownership or monetization quest is necessary to unlock the company's hidden value. CEO is still quietly and methodically accumulating shares and enjoys full control of the company. Being greedy, when others are fearful, can get you to the promise land, especially on real estate plays.
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Real estate agency Purplebricks scores $177 million ahead of NYC move

Real estate agency Purplebricks scores $177 million ahead of NYC move

Real estate agency Purplebricks Group has secured a growth equity investment of $177 million from Axel Springer SE, Europe's leading digital publisher. The British company, which recently announced plans to expand to New York, expects the proceeds to bolster growth in other target markets and
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Artificial Intelligence Taking Over Real Estate

Title this, Real Estate Agent: What Job Not to Seek as a Career. … Look at this excerpt from a story on AI and the real estate sector, from CNBC: “Instead of hiring a real estate agent, Ron and Marilyn Hougardy essentially recruited a computer to sell … Now, anyone entering the market can do the same.
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Proof of rent payments should be allowed as affordability

Proof of rental payments should be allowed as evidence of affordability for a mortgage despite the government dismissing the idea, according to industry stalwart Ray Boulger. There was a petition arguing for this last year, gaining around 147,000 signatures. However the government responded with:
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Lowe's Chairman and CEO Niblock Is Retiring

Both Lowe's and Home Depot are heading into their busy spring seasons in a healthy housing market, though there is concern of a slowdown. Mortgage rates have been creeping higher, hitting their highest level in four years in the most recent report. That, coupled with rising home prices, could hamper
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The Big Hiccup in the Mortgage Market

The mortgage market has been doing quite well for a number of years. A steady stream of home buying and refinancings because of ultra low mortgage rates has kept things flowing. However, with rates rising, the refinancing part of the business is weakening for lenders. In 2017, 37% of all mortgage
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Philip Bredehoeft: APIs Key to Workflow Automation

PERSON OF THE WEEK: Phil Bredehoeft is programming manager of the servicing systems for Financial Industry Computer Systems Inc. (FICS), a provider of in-house mortgage loan origination, residential mortgage loan servicing and commercial loan servicing software. MortgageOrb recently
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Legal Notices for March 26, 2018

The Individuals with Disabilities Education Act (IDEA-Part B, Public Law 108.446) Project is presently being amended. The Project describes the special education programs that Brevard Academy proposes for Federal funding for the 2018-2019 School Year. Interested persons are encouraged to review
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WELCOME TO ATLANTA: Inside Goldman Sachs' plan to move dealmaking beyond Wall Street …

Last year, the Goldman Sachs partner David Dase uprooted his family and moved to Atlanta to start a new investment-banking office for the firm. The move was part of a broader effort by Goldman Sachs to penetrate regional business hubs, including Dallas, Seattle, and Toronto. The initiative is a key
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Asiamoney best bank awards 2018: India

“There are banks that are strong in their corporate bank piece and they have a strong balance sheet and can lend a large amount of money,” he says. “Then there are standalone investment banks that don't have the corporate bank piece, or there are banks not as focused on transaction banking but are
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Is now a good time to invest in a stocks & shares ISA?

According to top portfolio manager Neil Woodford, few international investors are interested in UK stocks at present as there's a consensual view that Britain is a “basket case.” This has pushed valuations down to attractive levels. For example, Lloyds Banking Group trades on a forward-looking P/E of just
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Real Estate Photographer Shot, Nearly Killed by Surprised Homeowner

The photographer has filed a lawsuit against both the real estate agency and Brooks for personal injuries, lost earnings, and expenses. He accuses Real Estate Expert Advisors and employee of negligence in failing to inform Brooks of the photo shoot. He also accuses Brooks of failing to “act as a
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Wall Street May Not Get Dream Team Again in Brazil, Speaker Says

Pro-business candidates may be trumped by populist contenders in Brazil's presidential election this year, frustrating investor expectations and the country's economic potential, house speaker and presidential hopeful Rodrigo Maia told Bloomberg News. “You have candidates who believe in increasing
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Howard County real estate developer's bankruptcy filings are piling up

Seven companies owned by Howard County real estate developer Sanford Bruce Jaffe have filed for Chapter 11 bankruptcy protection in the past seven months. TSC/Mayfield LLC, which owns a chunk of land at Mayfield and Telegraph roads in Odenton, became the latest when it filed for Chapter 11
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FTC Confirms Facebook Probe Over Privacy Practices

The FTC investigation, which was reported by Bloomberg last week, is focused on whether Facebook violated terms of a 2011 consent decree over its handling of personal user data that was transferred to Cambridge Analytica without users' knowledge, according to a person familiar with the matter.
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Why Some Americans Are Risking It and Skipping Health Insurance

Bloomberg is following a dozen of these families this year in an effort to understand the trade-offs when a dollar spent on health insurance can't be spent on …. Economists warn that these changes could further weaken insurance markets, pushing up costs for sick patients like Sophia—and forcing more
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OneSavings Bank revises lending conditions

For BTL lending, all mortgage offers will now require the acting solicitor to advise borrowers that rental properties must have a minimum EPC rating of E. Commercial properties that do not meet the minimum standard (E rating) will be referred to a real estate team to review. A condition will be included
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Mortgage Daily 2017 Biggest Lender Ranking

DALLAS, March 26, 2018 (GLOBE NEWSWIRE) — In the latest ranking of mortgage lenders and servicers, non-bank lenders gave up market share last … A ranking of the biggest lenders was produced by Mortgage Daily based on its Fourth Quarter 2017 Mortgage Origination Survey, quarterly earnings
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State of the Market Report: A Q&A With Eastern Consolidated's Peter Hauspurg

Founded in 1981, Eastern Consolidated is a prominent full-service real estate company with three core and complementary service lines—investment sales, retail leasing and capital advisory. Eastern focuses on both market and off-market transactions and with a diversity of local, national and
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Steven Spielberg Doesn't Think Netflix Films Deserve Oscars

Films produced for Netflix should be able to win an Emmy, but not an Oscar, say Hollywood icon Steven Spielberg. “I don't believe that films that are given token qualifications, in a couple of theaters for less than a week, should qualify for Academy Award nominations,” Spielberg said in a recent interview
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At Least 10 European States to Penalize Russia for Spy Attack, Sources Say

At least 10 European countries will take coordinated action on Monday in response to Russia's alleged chemical attack in the U.K. this month, according to two people with knowledge of the decision. Announcements are scheduled for 3 p.m. as a group of the European Union's 28 states rallies behind a
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