Province announced new programs to help 1st time home buyers

Province announced new programs to help 1st time home buyers

Increasing the average household income maximum for eligibility from $65,000 to $75,000 for full benefit and up to $85,000 for partial benefit;; Allowing for applicants to have a guarantor to support mortgage financing;; Requiring applicants to have pre-approval from a financial institution prior to applying
See Original Article

Denizen Launches World's First True Global Account for Banking

SAN FRANCISCO, March 26, 2018 /PRNewswire/ — Denizen today unveiled the first true global, borderless account for expat banking which allows customers to receive money in one country and pay it out in another immediately, avoiding international transfer fees and eliminating currency exchange
See Original Article

Scaling up Finance for the Sustainable Development Goals

This paper discusses some of the new modalities MDBs have been adopting or considering for adoption to relax their lending constraints. The paper explores, in particular, the Asian Infrastructure Investment Bank (AIIB) model for scaling up as a new experiment that may provide significant sums of
See Original Article

Asiamoney China retail banking awards 2018

Many Chinese banks have been too cumbersome and slow – lazy even – toward their retail customers for too long. They are losing out to the likes of Alipay (owned by Ant Financial) and WeChat/WePay (Tencent), who are nimble, innovative and appear to listen to what their customers want and have
See Original Article

Is Buying Stock Like Mettler-Toledo International Inc. (MTD) After This Bullish Double Top a …

Investors sentiment decreased to 0.84 in 2017 Q3. Its down 0.07, from 0.91 in 2017Q2. It worsened, as 31 investors sold Mettler-Toledo International Inc. shares while 172 reduced holdings. 47 funds opened positions while 124 raised stakes. 22.26 million shares or 5.12% less from 23.46 million shares
See Original Article

Big banks' lending tops $400 billion

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 $398.05b three months earlier, according to
See Original Article

CAI International Inc (NYSE:CAI) Stake Decreased by QS Investors LLC

CAI International logo QS Investors LLC decreased its holdings in CAI International Inc (NYSE:CAI) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,361 shares of the transportation company's
See Original Article

Deutsche Börse to develop blockchain-based securities lending platform

The two companies have already developed a similar system for securities lending in partnership with Credit Suisse, ING and other members of a R3-led consortium. After conducting a proof-of-concept last year, earlier this month Credit Suisse and ING completed a live securities lending transaction
See Original Article

Guaranty Service Group, Inc. appoints Johnson

Guaranty Title Services was founded by Andrew in 1984 and specializes in title insurance, sale and refinance closings, construction disbursing, search packages, and letter reports. It inspects titles as an advocate for homeowners, assuring that land transfers are expeditious and secure, with the goal of
See Original Article

China's crude oil futures market takes flight

China, the world's largest crude oil buyer, started trading Monday of the first yuan-denominated oil futures trading contract on the Shanghai International Energy Exchange. Why it matters: It's a move by the energy-hungry nation to bolster its influence over pricing. “The aim is to wrest some control, away
See Original Article

How Homeownership Affects Household Wealth

It is conventional wisdom that homeownership is key to household wealth, and the National Association of Home Builders makes a convincing argument for that theory in its Eye on Housing blog. … However, the value of homeowner equity rises consistently through all age groups as mortgage debt falls.
See Original Article

Asiamoney China private banking awards 2018: A time of rapid growth

Chinese private banks have been growing at a breakneck pace for the last few years, managing a compound annual growth rate of more than 20% between 2014 and 2016, according to research by Bain and China Merchants Bank. One private banker tells Asiamoney a new billionaire is created in the
See Original Article

QVT Financial LP Buys Shares of 113300 Ctrip.Com International Ltd (CTRP)

Ctrip.Com International logo QVT Financial LP purchased a new stake in shares of Ctrip.Com International Ltd (NASDAQ:CTRP) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 113,300 shares of the company's stock, valued at
See Original Article

Resource Real Estate Grabs Atlanta Property

An investment fund managed by Resource Real Estate has acquired the 324-unit Tramore Village in Austell, Ga. The seller, Cottonwood Residential, picked up the suburban Atlanta apartment community in 2005 for $25.3 million from the Strand Co., according to Yardi Matrix. Located at 2222 East-West
See Original Article

Goldman-Backed Cryptocurrency Startup Says It's Profitable

Circle Internet Finance Ltd., a Goldman Sachs Group Inc.-backed startup focused on mobile payments and cryptocurrencies, said it has reached profitability and hired a former Boxed Wholesale executive to lead finance and risk. The company said it expects revenue and profit growth this year.
See Original Article

Mystery death of a real estate agent whose boyfriend claimed she 'didn't wake up' from a nap …

Mystery surrounds the death of a real estate agent whose boyfriend claimed she didn't wake up from a nap – before he 'withdrew $10,000 from her bank account'. Alejandro Aparicio said he woke up to find Andrea Greenberg unresponsive at their home in Morningside, Miami, in the early hours of
See Original Article

GSEs green-lending programs expand rapidly

That all changed when Fannie's competitor, Freddie Mac, rolled out its own program in the latter half of 2016. … Fannie and Freddie both offer a discounted acquisition or refinance loan to multifamily owners that put in place energy and water-usage efficiencies, thereby incentivizing the owners to install
See Original Article

MBA: Average Cost to Originate a Mortgage Increased to $8475 in Q4

Shrinking refinance volume and lackluster purchase volume caused the net profit per loan to fall to $237 in the fourth quarter of 2017, down from $929 in the third quarter, according to the Mortgage Bankers Association's (MBA) Quarterly Mortgage Bankers Performance Report. The report is based on
See Original Article

Lending some wheels: 10 years of driving those in need

Gail Pike poses with her car, which she uses to transport elderly and disabled community members as a Green Mountain Transit volunteer driver. ST. ALBANS — For some people, a decade is a significant milestone. But for 77-year-old Gail E. Pike, the ten-year mark will be just another day she wakes up
See Original Article

Stormy Daniels Draws Most '60 Minutes' Viewers in 10 Years

The “60 Minutes” program is on a roll, with several recent interviews making national news, including Lesley Stahl's segment on Education Secretary Betsy DeVos, who was widely criticized for appearing ill-prepared. The March 11 segment drew 9.4 million viewers. In 1999, Barbara Walters's interview
See Original Article

Solid Gold Casts of Nelson Mandela's Hands Sell for Bitcoin

Solid Gold Casts of Nelson Mandela's Hands Sell for Bitcoin

It's one of the more unusual deals in the art world. After more than a decade, an Alberta businessman has finally found a buyer for his prized collection of gold castings of Nelson Mandela's hand. The final price? Ten million dollars — in bitcoin. Attempts by Malcolm Duncan, formerly of South Africa, to sell
See Original Article

Current Mortgage Rates Flat to Start the Week

It's another busy week on tap for the U.S. markets. Mortgage rates are moving sideways right now but that could certainly change over the next few days as we get a number of economic reports and hear from some Fed officials. Read on for more details.
See Original Article

Entity formed to develop Seven Tower Bridge files for bankruptcy

said Seven Tower Bridge Associates in bankruptcy documents. “The delay in the recovery of vacancy rates and the overall commercial market has created a cash-flow strain and maturity issues between the debtor and its first mortgage lender. The debtor. in an attempt to raise money made a capital call.
See Original Article

TANKE ORD (OTCMKTS:TNKE) Spikes Higher On Reverse Merger Deal

This is again quite positive news. We believe that the recent merger and the future plans of the company seduced international investors, who are providing more money for the new projects. While the amount of money received is not significant, yet the fact that foreign investors trust the company is very
See Original Article

New Ellie Mae Solution Offers Insight to Mortgage Lenders

Ellie Mae, a cloud-based platform provider for the mortgage finance industry, announced Encompass Data Connect, their newest digital mortgage solution in the Connection suite. This solution is designed to “help mortgage lenders make smarter decisions faster using real-time data.” The solution is
See Original Article

Kim Jong Un Is Making a Surprise China Visit, Sources Say

Speculation about a possible visit by a high-ranking North Korean official circulated around the Chinese capital Monday, after Japan's Kyodo News reported that a special train may have carried Kim through the northeastern border city of Dandong. Nippon TV showed footage of a train arriving Monday in
See Original Article

Siberian Fire Is a Deadly Postscript to Putin's Election

In 2015, protests following a nightclub fire that killed more than 30 people brought down the government in Romania. But nothing of the kind is going to happen in Russia after at least 64 people, 9 of them children, died in a mall fire in the Siberian city off Kemerovo on Sunday — even though the tragedy
See Original Article

Double dipping? Local real estate firm encourages dual agent/developer roles

The agent/developer role at the firm falls under the umbrella of Green Coast Enterprises, the real estate firm's environmentally-focused parent company that has redeveloped the historic Pythian Building downtown. Currently, six agents/developers at Green Coast Realty focus part of their practice on
See Original Article

How Microsoft Could Reach $1 Trillion in Stock Market Value

The race to become the first public U.S. company valued at $1 trillion has largely been seen as Apple versus Google, with a recent surge by Amazon putting the e-commerce giant in the conversation as well. But on Monday, analysts at Morgan Stanley made the case that Microsoft has a good chance of
See Original Article

Missouri Local Government Employees slates$150 million for real estate, infrastructure

Missouri Local Government Employees Retirement System, Jefferson City, made two new commitments totaling $150 million, said Brian Collett, chief investment officer, in an email. The $7.5 billion pension fund committed $75 million to Garrison Real Estate Fund IV, a secondary real estate fund
See Original Article

The Battleground for the Consumer Experience – Opened up by Open Banking

A similar battleground for the customer experience will happen in retail financial services, a direct result of open banking and regulation such as PSD2. For many years, banks have failed to differentiate their services from their competitors, as evidenced by very low switching rates. Inertia rules – the
See Original Article

Trump Administration Plans $60 Billion in Taxes on Consumer Goods

International trade has not only improved the lives of Americans by letting us buy goods at dramatically lower prices and consequently raising our standard of living dramatically; it has also lifted millions out of poverty around the world. Chinese companies can easily sell their goods elsewhere in the
See Original Article

Teacher Retirement System of Texas Invests $263000 in Stewart Information Services Corp (STC)

Teacher Retirement System of Texas purchased a new stake in shares of Stewart Information Services Corp (NYSE:STC) in the fourth quarter, according to the company in its most recent filing with the … The Company operates through two segments: title insurance and ancillary services and corporate.
See Original Article

Haynes International (NASDAQ:HAYN) Upgraded by BidaskClub to “Strong-Buy”

Haynes International, Inc. logo BidaskClub upgraded shares of Haynes International (NASDAQ:HAYN) from a buy rating to a strong-buy rating in a research report sent to investors on Thursday, March 15th. A number of other research firms have also recently issued reports on HAYN. KeyCorp restated a
See Original Article

nCino Brings Commercial Banking Transformation to TD Bank

WILMINGTON, N.C., March 26, 2018 /PRNewswire/ — nCino, the worldwide leader in cloud banking, today announced that TD Bank, America's Most Convenient Bank®, is adopting nCino's Bank Operating System across its corporate and commercial lending divisions in 2018 as part of a digital
See Original Article

Water Filter Housing Market Overview, Cost Structure Analysis, Growth Opportunities and Forecast …

The “Water Filter Housing Market Report” gives a clear understanding of the current market situation which includes of antique and projected upcoming market size based on technological growth, value and volume, projecting cost-effective and leading fundamentals in the Water Filter Housing market.
See Original Article

Lowe's CEO Is Finally Leaving And Wall Street Could Not Be Happier

It's a pretty damning assessment of a CEO's performance when his company's shares surge on news of his retirement. But it's easy to see why investors in Lowe's (low, -2.28%) sent shares up 7% on Monday when the home improvement chain announced that long time CEO Robert Niblock was stepping
See Original Article

US Supreme Court Rejects Greenberg's Starr on AIG Bailout

Maurice “Hank” Greenberg exits the Supreme Court of the State of New York on Sept. 13, 2016. Photographer: John Taggart/Bloomberg. The U.S. Supreme Court rejected an appeal by Maurice “Hank” Greenberg's Starr International Co., refusing to revive its bid to sue the federal government over the
See Original Article

Check Out These 4 New Energy IPOs With Crude At Highs

Cactus (WHD), WildHorse Resource Development (WRD) and FTS International (FTSI) are newly public oil and gas companies showing strength in a weak stock market as oil prices are … So now is not a great time for buying new stocks, but some newly public companies in the oil patch are worth a look.
See Original Article

ValuEngine Downgrades Huaneng Power International (HNP) to Hold

Daiwa Capital Markets cut shares of Huaneng Power International from a hold rating to a sell rating in a research report on Monday, November 27th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock.
See Original Article

Millennials: Here's How To Afford A Home In These 3 Top Cities

Millennials: Here's How To Afford A Home In These 3 Top Cities

However, with the cost of living in a city averaging $9730 more per year versus a suburb, millennials would be remiss not to seek out money grants, tax breaks and other financial incentives before purchasing a home in their favorite city. Take New York City, where it costs a staggering $71,237 more per
See Original Article

Rising lease rates: How are office tenants are reacting?

Notoriously high construction costs and rising annual property tax valuations (with some assessed values increasing by as much as 40 percent) have led to increased lease rates. While owners might not be feeling the pinch yet, rising lease rates are affecting how tenants assess their real estate needs.
See Original Article

How MCAN Mortgage Corporation's (TSE:MKP) Earnings Growth Stacks Up Against The Industry

In this commentary, I will examine MCAN Mortgage Corporation's (TSX:MKP) latest earnings update (31 December 2017) and compare these figures against its performance over the past couple of years, as well as how the rest of the mortgage industry performed. As an investor, I find it beneficial to
See Original Article

You Say Sneakers, I Say Trainers

The British seller of fashionable athletic footwear has agreed to acquire Finish Line Inc., a U.S. rival, for $558 million. JD Sports Fashion Plc has already outmaneuvered Mike Ashley, who controls Sports Direct International Plc, by becoming Britain's most valuable sporting goods retailer in 2016, and
See Original Article

Mortgage approvals fell steeply in February as housing market weakness continues

The number of people taking out mortgages for house purchases fell in February to its second lowest level since the Brexit vote, according to closely watched figures published today. Some 38,120 people borrowed to buy houses in February, down from 40,031 in the previous month, according to
See Original Article

Peoples Trust Company selects Finastra to fulfill end-to-end lending vision

LONDON and TORONTO, March 26, 2018 /PRNewswire/ – Peoples Trust Company of Saint Albans has selected Finastra to provide a single, end-to-end lending solution for commercial and consumer lending. Using Finastra's Total Lending solution, which packages the power of the Fusion LaserPro,
See Original Article

Market watch: KSE-100 ends positive as late buying gives momentum

The benchmark KSE-100 Index consolidated its position above 45,000 points, supported by gains in oil stocks (+0.7%) as investors tracked the upsurge in international crude prices. Fertiliser stocks (+0.4%) and selected cement shares traded positive, notably Lucky Cement that gained 0.6% and DG
See Original Article

58-Year-Old Heir to Anheuser-Busch Fortune Charged With Assaulting 6th-Grader

An heir to the Anheuser-Busch fortune was charged with assault after allegedly intervening when he saw his son and a fellow 6th-grader in a fight in Missouri. Billy Busch, 58, was charged with 4th-degree assault, reported Fox 2. Authorities said in a police report that Busch's son and another 6th-grader
See Original Article

Facebook Stock Is in the Red for the Year After the FTC Confirms Investigation

Another day of pain for Facebook's stock and its investors as the FTC confirms a probe. Yui Mok – PA Images PA Images via Getty Images. By Lucinda Shen. 11:45 AM EDT. It's a new day of pain for Facebook shareholders following a data breach involving Cambridge Analytica. Facebook shares shed
See Original Article

Easterly Government Properties Inc (DEA) Shares Bought by American International Group Inc.

The institutional investor owned 33,747 shares of the real estate investment trust's stock after purchasing an additional 8,811 shares during the quarter. American International Group Inc. owned approximately 0.08% of Easterly Government Properties worth $720,000 at the end of the most recent quarter.
See Original Article

Exclusive: Gareth Lewis departs Precise

Speaking of his departure he said: “I have had a great time at Precise Mortgages over the last six years. “I am immensely proud of the work we did at Precise over that time and I am looking forward to my next opportunity. ”I would like to thank everyone at Precise and wish them the very best for the future.”.
See Original Article

TN power regulator for curbs on wind power banking as discom losses mount

Captive wind power generators including the mills in Tamil Nadu are likely to face restrictions on banking their excess production with the discoms, as the power regulator has proposed limiting generation to no more than the annual average consumption. Of the 7,900 Mw of wind power capacity in Tamil
See Original Article

York County housing market is ripe for spring sellers

Though inventory continues to be low in the York County housing market, spring weather is right around the corner, and Realtors say sellers are bound to come out. “While January and February are typically slower months in the real estate business, we are gearing up for the traditionally busy spring
See Original Article

Senate Resolution Would Weaken Protections In Auto Lending Discrimination

WASHINGTON, D.C. – U.S. Senator Jerry Moran (R-Kan.) has introduced a Congressional Review Act (CRA) resolution, S.J. Res 57, which would undo the Consumer Financial Protection Bureau's (CFPB) 2013 indirect auto lending guidance. This important guidance is a key step to limit discriminatory
See Original Article

BankThink Here's how blockchain could help the mortgage industry

Since the final crisis of 2008, there has been a certain level of distrust with respect to residential mortgages. This distrust is rooted in the secondary mortgage market, in which thousands of residential mortgage loans were originated and then sold and assigned to successor lenders and/or trustees,
See Original Article

Trump, EU Allies and Canada Expel Russians Over UK Attack

Russia's state-owned news service said the Kremlin will respond in “coming days. The 60 people expelled from the U.S. include 48 attached to the Russian … The MOEX Russia index of stocks fell as much as 1.5 percent after the news. The ruble pared its gain against the dollar. The 10-year ruble bond
See Original Article

ACI Unveils Next Generation Sky Report Featuring Native App and Powerful Tools

First American Financial Corporation (NYSE: FAF) is a leading provider of title insurance, settlement services and risk solutions for real estate transactions that traces its heritage back to 1889. First American also provides title plant management services; title and other real property records and images;
See Original Article

Fortune Brands Home & Security, Inc. (FBHS) – Investors Must-Watch

Fortune Brands Home & Security, Inc. (FBHS) declined -3.02% and closed its last trading session at $57.89. Its opening price on the last trading day was $59.69. The company's market cap is $8.78 Billion. The company has 151.7 Million shares outstanding and 150.99 Million shares were floated in
See Original Article

Cops Nab ATM Hacker Behind $1.2 Billion Swindle

The mastermind behind malware attacks that programmed ATMs to spit out cash on demand and caused more than 1 billion euros ($1.2 billion) of losses, has been arrested in Spain. The leader of a criminal gang that carried out the malware attacks known as Carbanak and Cobalt was detained in
See Original Article

Gun sales, postal banking and Team Trudeau's failure to repeal Conservative election law …

Before all that gets underway, however, the Chamber will devote an hour to New Democrat MP Irene Mathyssen's proposal to set up a special committee to come up with a plan to establish “postal banking” in Canada, which would, as per the proffered terms of reference, be administered by Canada Post
See Original Article

NM Mortgage Lenders Association names 2018 officers and directors

NM Mortgage Lenders Association names 2018 officers and directors

The New Mexico Mortgage Lenders Association is a non-profit statewide trade association founded in 1975, according to its website. It's mission is to “promote the welfare of the mortgage lending industry and related services in the state of New Mexico” and “encourage sound ethical business practices
See Original Article

This New Blockchain Platform Aims to Give Gold a Digital Edge

TradeWind Markets Inc., a technology provider backed by Sprott Inc., Goldcorp Inc. and IEX Group Inc. on Monday launched a new digital gold trading and settlement platform that aims to simplify and speed up trading and reduce transaction costs. The Royal Canadian Mint will provide storage for the
See Original Article

China Is Said to Name Guo Shuqing as New PBOC Party Chief

China named Guo Shuqing, the nation's top bank and insurance regulator, as Communist Party secretary of the People's Bank of China, according to people familiar with the matter. The appointment was announced Monday at an internal meeting at the central bank, according to the people, who asked
See Original Article

Shopify Chooses Google Cloud Service Over Amazon

Google signed a deal with Shopify Inc. to help host the e-commerce company's online stores on the Alphabet Inc. unit's cloud service. The deal brings a new, fast-growing customer into Google's fold as cloud chief Diane Greene tries to catch Microsoft Corp. and Amazon.com Inc. in the lucrative business
See Original Article

1 in 5 University Students Used Loan Money for Cryptocurrency Investments

That college students are drawn to cryptocurrencies is hardly a surprise; as Fortune and others have documented, interest in virtual currencies is at an all-time high, leading Bitcoin, Ethereum's Ether, Ripple's XRP, and other such digital currencies to record levels of investment in 2017. But the market has
See Original Article

First Midwest Bank Trust Division Has Lifted Chevron New (CVX) Position By $979407; Biglari …

Biglari Capital Corp decreased Investors Title Co (ITIC) stake by 19.06% reported in 2017Q3 SEC filing. Biglari Capital Corp sold 9,300 shares as Investors Title Co (ITIC)'s stock rose 40.02%. The Biglari Capital Corp holds 39,500 shares with $7.07M value, down from 48,800 last quarter. Investors Title
See Original Article

Chinese banks lending to HNA Group again

Sign up for China Watch for weekly emails on Chinese real estate investments. But while the debt-laden Chinese conglomerate was bolstered by $4.6 billion in recent asset sales, HNA has relied on initial public offerings and secondary offerings to steady its balance sheet as it's struggled to find buyers
See Original Article

Meet NAB's 'spearhead' in business banking push

by Chanticleer. National Australia Bank chief executive Andrew Thorburn calls Anthony Healy “the spearhead”. The new head of NAB's business bank (he started on January 1) is the person who is going to help the bank find more of something that's become a bit rare in banking in recent years – growth.
See Original Article

Accord launches online product transfers with 0.30% proc fee

The lender added that straightforward mortgage switches for existing customers require no affordability assessments, valuations, or credit checks. David Robinson (pictured), national intermediary sales manager at Accord, said: “Brokers have told us that they prefer the ease of conducting product
See Original Article

HOME Survey: Housing and Economic Sentiment on Divergent Paths in Early 2018

1 NAR's Housing Opportunities and Market Experience (HOME) survey tracks topical real estate trends, including current renters and homeowners' views and aspirations regarding homeownership, whether or not it's a good time to buy or sell a home, and expectations and experiences in the mortgage
See Original Article

Primex Mortgage Corporation Offers Experienced Mortgage Broker in Silver Spring and Gaithersburg

Rockville, MD — (ReleaseWire) — 03/26/2018 — Primex Mortgage Corporation has been established to offer clients with the best mortgage financing option. The company monitors the credit markets on a continuous basis to find the lowest cost lenders in the business and to offer the most competitive
See Original Article

Why These 3 Beaten-Down Stocks Are Poised for Big Comebacks

But recent market turmoil reminded the world that share prices don't always go up, as rising interest rates, sweeping technological change, and the possibility of a trade war stoked anxiety on Main Street and Wall Street. Here, the Fortune investment team offers three stocks that are poised to thrive in the
See Original Article

Ultrabulk not satisfied with 2017 results

“2018 has started with freight rates that continue the steady trends we saw in the second half of 2017, and if the market is spared of unforeseen developments in weather patterns, harvests and the important Chinese real estate sector and infrastructure, the steady trends are expected to continue in 2018,”
See Original Article

Planet Home Lending opens its first branch in Denver, Colorado

We are an approved originator and servicer for FHA, VA, and USDA as well as a Freddie Mac and Fannie Mae Seller/Servicer, and a full Ginnie Mae Issuer and approved sub-servicer. For more information about Planet Home Lending, please visit our website https://planethomelending.com/
See Original Article

Blockchain Platform For Securities Lending Planned By Deutsche Börse, HQLAx

Frankfurt-based exchange group Deutsche Börse has teamed with liquidity management company HQLAx to develop a securities lending solution using R3's Corda blockchain platform. Deutsche Börse is a marketplace organizer for the trading of shares and other securities. It is also a transaction
See Original Article

Linedata launches new version of its lending and leasing solution

Global technology solutions and services company Linedata has launched a new version of its lending and leasing solution Linedata Capitalstream. Changes include a new, more intuitive interface and new services to manage real estate due diligence. Development was based on input from a panel of
See Original Article

Two Leading Proxy Advisory Firms, ISS and Glass Lewis, Recommend that CREIT Unitholders …

TORONTO, March 26, 2018 (GLOBE NEWSWIRE) — Canadian Real Estate Investment Trust (“CREIT”) (TSX:REF.UN) announced today that Institutional Shareholder Services Inc. (“ISS”) and Glass Lewis and Co., LLC (“Glass Lewis”), two pre-eminent proxy advisory firms, have recommended that
See Original Article

Term Sheet — Monday, March 26

HOUSEKEEPING: It's been seven months since we first met, and I've enjoyed the thoughtful feedback you have sent my way during that time. Now, we've created a simple survey so I can learn more about all of you. It's an opportunity to tell me what you think about the newsletter: what you like (and don't)
See Original Article

Southeast sees a buyers market as prices drop

Good buying conditions are expected to continue for the rest of the year due to rising housing supply and falling demand. Research group CoreLogic has already noted a 2.5 per cent fall in Sydney's median home price since December, the largest three-month drop in prices in nearly 10 years.
See Original Article

United States Secretary of Housing and Urban Development, Dr. Benjamin Carson, to Keynote …

United States Secretary of Housing and Urban Development, Dr. Benjamin Carson, will address attendees at the 2018 Five Star Government Forum in Washington, D.C., on April 3. “We are honored to host Dr. Carson as a keynote presenter,” said Five Star Institute President and CEO Ed Delgado.
See Original Article

Bank schedule for Holy Week 2018

Bank schedule for Holy Week 2018

Electronic banking channels and services, such as ATMs, Debit Point-of-sale (POS), phone banking, mobile banking, personal and business online banking are ready to accept and process transactions except from 2 a.m. to 7 a.m. on Good Friday due to a regular network maintenance activity.
See Original Article

Real estate experts to share market and investing strategies

Think Realty will hold its Baltimore Conference and Expo, April 14 and 15, at the Marriott Inner Harbor at Camden Yards. The event will focus on building wealth, real estate market insights and trends, deal-making and will feature keynote speakers, multiple educational breakout sessions, a local panel
See Original Article

Fraud and Sales Webinars; Bank News incl. Basel Update; Essent Bond Issuance

Interesting economic times, the latest example being gunmaker Remington filing for bankruptcy. Lenders wish things weren't so interesting: Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of only $237 on each loan they originated in the fourth quarter of
See Original Article

Global Real Estate Software Market 2018: Industrial Analysis and Forecasts 2022

Market Overview of Global Real Estate Software Industry: This report gives us an overview of the Global Real Estate Software Market which is classified on the basis of product and its various applications. It also mentions the key area where the demand for Real Estate Software products is going to have.
See Original Article

Linedata releases new version of lending and leasing solution

France-based Linedata has unveiled the latest version of its lending and leasing solution Linedata Capitalstream to increase the operational efficiency of its users. The new version 'Linedata Capitalstream 11.0' offers a new design and brings several new technological changes. Developed with inputs
See Original Article

A Burnout Culture Led to Record Attrition at PwC. So It Changed Its Approach.

56 on Fortune's list of 100 Best Companies to Work For, it's worth noting—has seen many corporate trends come and go, including the rise of the corporation itself. Like many companies, it has read the reports about so-called entitled Millennials who expect senior-employee perks at an entry-level
See Original Article

United Kingdom retailer buying Finish Line for $558M

Rumors have swirled for months that United Kingdom-based Sports Direct International, which began buying up Finish Line shares last year, would purchase Finish Line. But the buyer turned out to be its top rival, JD Sports Fashion, which recently overtook Sports Direct to become the United Kingdom's
See Original Article

Capstead Mortgage (CMO) Earning Somewhat Positive News Coverage, Study Finds

Capstead Mortgage logo Media headlines about Capstead Mortgage (NYSE:CMO) have trended somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks
See Original Article

IMF's Lagarde Urges Euro Powers to Build Unified Capital Market

International Monetary Fund head Christine Lagarde called on Germany and France to spur further euro-area integration, saying Brexit makes a capital-markets union on the continent more urgent. “If these two countries can set their minds to reforming the euro area, if they carry with them some of the
See Original Article

Ethiopia Arrests a Dozen Opposition Activists Over Flag Display

Ethiopian police arrested 12 opposition activists, including previously freed detainees, after they displayed a flag that differs from the official national banner. Those arrested include four members of the opposition Blue Party, two journalists including Eskinder Nega, the former vice chairman of the Unity
See Original Article

Rising prices in tight market bear impact for area real estate

Flood-affected Greater Port Arthur and Mid County are facing an unhealthy real estate market of late, with too few homes to sell, rising prices, delinquent payments and the imminent uncertainty of new flood maps. But agents may tell you, jokingly, it's nothing that a few hundred salable homes wouldn't
See Original Article

Six Ways Your Real Estate Brokerage Can Fix Client Security Flaws

Real estate agents are the apple of every hacker's eye. Okay, I'll admit that hackers don't care about their ski trip photos or their MLM side hustle. What hackers do care about are the dozens of wiring instructions and earnest money check copies that are saved in email inboxes. Hackers know that real
See Original Article

Greece could create new market shocks as banks face critical test

Greek banks could soon bring new problems to Europe, as regulators test how sound they are after eight years of economic turmoil. The four biggest lenders in Greece — Eurobank, Alpha Bank, Piraeus and National Bank of Greece — are being stress tested ahead of the other European banks. This is
See Original Article

Don't write off paper bank statements in the UAE just yet

Electronic bank statements have their virtues – from saving trees to keeping your desk uncluttered – but they can also be easy to forget. While UAE customers can still have their statements delivered by post, they will now find themselves in the minority. Banks in the Emirates say the majority of their
See Original Article

Should You Be Concerned About Fortune Bay Corp's (CVE:FOR) Investors?

In this article, I'm going to take a look at Fortune Bay Corp's (TSXV:FOR) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. The impact of a company's ownership structure affects both its short- and long-term performance.
See Original Article

Primex Mortgage Corporation Offers the Home Loans in Gaithersburg and Silver Spring at the Best …

Rockville, MD — (ReleaseWire) — 03/26/2018 — Primex Mortgage Corporation is a well-known mortgage financing firm that aims at offering the clients with the most cost-effective home loans. With access to more than 200 loan programs from the most viable and renowned mortgage bankers; it indeed
See Original Article

Data Sheet—Why Apple Is Among the Companies Most at Risk From a Trade War With China

At a Fortune forum immediately following that appearance, he defended his intention to remain “in the arena” and to engage with China. If only cozying up to Chinese regulators were Cook's biggest concern now. He is in China this week for another government forum. Without naming the President of the
See Original Article

Digital lending venture success secrets for the new-age CIOs

Although in its nascent stages, Peer-to-peer (P2P) lending, also known as digital lending has been making waves in financial circles. An established industry in other parts of the globe including China and the USA, India opened up to this sector fairly recently. RBI finalized digital lending norms in
See Original Article

Google's New London Office Is Going to Have Gender-Neutral Bathrooms

The Financial News reports that gender-neutral bathrooms are planned for the first building the company has designed outside of California. Google joins law firm Hogan Lovells, insurer Aviva, and consulting firm EY in including gender-neutral bathrooms in their London offices. The debate around
See Original Article

Input Capital Corp. Provides Update on Mortgage Stream Pilot Project

On January 30, 2018, the Company announced the initiation of a pilot project with the objective of fleshing out the details of a conventional farmland mortgage which would use canola streaming as a payment vehicle. The pilot period would be used to assess market demand for this product and fine-tune
See Original Article

City among the worst in nation for housing affordability

City among the worst in nation for housing affordability

According to Nationwide's Health of Housing Report, Rochester is the third worst for housing affordability in the nation among 400 metropolitan statistical areas. It's “characterized by deteriorating affordability as rapid price house gains reduce the ability of households to purchase a home,” the late 2017
See Original Article

Protecting your security deposit

Preparing to rent? Then expect to fork over some extra cash early in the process. In addition to the first month's rent, your landlord will likely require you to pay a security deposit. This protects a landlord from risk. But smart renters will want to look after themselves themselves, too, by protecting their
See Original Article

One to One: Marie Catch, Legal & General Mortgage Club

Working with Legal & General Mortgage Club for more than 10 years, I have regular meetings with key broker accounts to assist with fulfilling their growth strategies, allowing them to work efficiently with the club and make the most of the opportunities available. As I work closely with a variety of trade
See Original Article

Visual design as an important part of user experience

Jess Young · 02 Jan 2018 · Nanotechnology used to improve beer quality · Jess Young · 28 Dec 2017. Email. Fortune Herald Logo. fortuneherald.com is owned and run by LinkBaits Ltd. Vantage House; East Terrace Business Park; Euxton Lane; Euxton; Lancashire; PR7 6TB. Company No. 10587319
See Original Article

7 things to know today and where Orlando ranks when it comes to popularity among millennial …

Mortgage rates held steady this week, according to Freddie Mac. The 30-year fixed mortgage averaged 4.45% for the week ending March 22, essentially unchanged from 4.44% the previous week. Favorable mortgage rates have helped propel U.S. home sales and the refinance market.
See Original Article

Facebook Apologies, China Moves, Uber and Out: CEO Daily for March 26, 2018

When CEOs speak out on hot-button social issues, how does it affect their companies' stock prices? That's the question the Harvard Business Review asked recently, creating this cool interactive graphic to explore. In some cases—Merck CEO Ken Frazier's strong rebuke of President Trump's waffling on
See Original Article

CRE Opinion: Four Potential Disruptors in DFW's Booming Industrial Market

Without question, Dallas-Fort Worth's industrial real estate market is among the strongest in the nation. According to Cushman & Wakefield research, the region closed 2017 with nearly 26 million square feet in occupancy growth—a new record. And construction deliveries for the year, at 27.4 million
See Original Article

Schwab Charles Investment Management Inc. Increases Position in Orthofix International NV …

The institutional investor owned 124,067 shares of the medical device company's stock after buying an additional 7,673 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.68% of Orthofix International worth $6,787,000 at the end of the most recent quarter.
See Original Article

Commercial Real Estate Specialist Jobs

Explore Commercial Real Estate Specialist jobs on LinkedIn. See job descriptions, most popular jobs and companies hiring now.
See Original Article

More Aircraft Added To FY2018 Defense Spend

Overall the government will spend $10.2 billion on the 90 F-35s it is buying, including spare parts and engines. Another program to receive a boost is the Boeing F/A-18E/F Super Hornet. The Pentagon had asked for 14 new fighters for the Navy, but will now get 24 for a total spend of $1.8 billion. Despite
See Original Article

Joeten Daidai Foundation is Title Sponsor for MMAC 2018

(Press Release) — The Joeten Daidai Foundation will once again be a Title Sponsor for the Marianas March Against Cancer, marking another year of contribution and … Title sponsorship is given to one company or organization that has made a donation worth over $3,000 in cash or in-kind services.
See Original Article

Surge in first-time buyers fails to lift housing market

The number of mortgages approved by high street banks fell by 11 per cent in February compared with a year earlier, suggesting that activity in the UK's housing market remains lacklustre. Mortgage approvals for purchases fell to 38,120 on a seasonally adjusted basis, down from 40,031 in January and
See Original Article

Accord introduces online product transfers

Accord does not require affordability assessments, valuations or credit checks for straightforward mortgage switches. Accord national intermediary sales manager David Robinson says: “Brokers have told us that they prefer the ease of conducting product transfers online, so we hope that our new process
See Original Article

Nucleus Software wins 'Best Lending Technology Implementation of the Year' Award for Cloud …

New Delhi, Mar 26 (UNI) Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, on Monday announced that the company has won the award for the “Best Lending Technology Implementation of the Year” at the Banking, Financial
See Original Article

Paydirt: Forest City calls off the wedding, Barnett's Israeli issues, Big 3 Title & more industry news …

Bondholders also demanded access to the company's documents. And then there were three: Fidelity National Financial agreed to pay $1.2 billion for rival Stewart, making the already starved-for-competition title industry a further oligopoly. Together, the Big 4 in the space (Fidelity, First American, Old
See Original Article

Q&A: China, banks & DLTs

On the sidelines on the conference, bluenotes sat down with Nicholas Giurietto, the CEO & Managing Director of ADCA and Nigel Dobson, Banking Services Domain Lead Digital Banking, ANZ, to chat about their impressions of the major themes from the conference. Below is an edited transcript of that
See Original Article

Paragon introduces procuration fees for buy-to-let

Paragon is introducing a proc fee for intermediaries who submit further advance business for buy-to-let customers that subsequently completes. Paragon will pay fees for further advance business at the same rate as intermediaries' standard business terms for new mortgage applications, typically 0.5% of
See Original Article

Trump's Sexual History Could Put Him in Peril If He Testifies

“These issues don't seem related to Russia, but at times prosecutors take a very broad view of what's relevant.” Scheindlin, the retired judge, said that given Trump's credibility problems, his lawyers have a basic concern in shielding him. “This man doesn't take the truth too seriously, which is why his
See Original Article

Five Workplace Trends The Commercial Real Estate Industry Must Prepare For

… experience in their office environment. That means that we need to forget “office” and start thinking in terms of “workplace” — a mindset shift that will help commercial real estate professionals understand the trends that will challenge our industry's most fundamental assumptions in the coming years.
See Original Article

Artificial intelligence taking over real estate — but what about the cookies?

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 their four-bedroom home in Thousand Oaks, California.
See Original Article

Cass Business School to take over De Montfort Lending Report

Cass Business School to take over De Montfort Lending Report

Finance. Cass Business School is taking over the role of producing The UK Commercial Property Lending Report from De Montfort University ahead of a … Started in 1997, the bi-annual report surveys data from over 80 lenders in the UK and is used in the Banks of England's Financial Stability Review.
See Original Article

Provinces should be consistent on syndicated mortgages says AIC

“Appraisals provide an unbiased, independent and reliable market value for a property,” said Richard Colbourne, AACI, P.App., president of the AIC. “The amended regulations now ensure that an appraisal is completed for a syndicated mortgage investment and that it will include the condition and value
See Original Article

Ante Up! US Housing Markets With the Biggest—and Smallest—Down Payments

We looked at realtor.com home prices and mortgage data from Optimal Blue, a real estate data firm that specializes in lending records, to come up with our findings. (All-cash purchases … saving those pennies? Then let's take a look at how many you'll need, and the housing trends that explain them.
See Original Article

Fidelity expands title industry dominance

Fidelity National Financial Inc. last week announced an acquisition that will expand its dominance of the title insurance industry, but also face intense regulatory scrutiny. The $1.2 billion agreement to buy Houston-based Stewart Information Services Corp. includes provisions that could reduce the price
See Original Article

Cordium questions cyber risk knowledge of equity firms

Cordium, the business management consultant, has questioned how knowledgeable equity firms are about the cyber risks within companies in their portfolios. According to Cordium, cyber breaches and data security violations, can have a very real impact on the value of a corporate holding. Cordium
See Original Article

Deutsche Boerse and HQLAX to build blockchain platform for securities lending

Frankfurt-based exchange group Deutsche Boerse will form a strategic partnership with blockchain technology designer R3 Corda for a new securities lending platform. Deutsche Boerse and FinTech firm HQLAX will build a fully integrated front-to-back operating model, using Corda's blockchain
See Original Article

Lancaster again seeking proposals for redeveloping Southern Market Center

This month, city officials re-released a request for proposals for the 19th-century C. Emlen Urban-designed landmark on South Queen Street. It seeks entities “with experience in urban mixed-use real estate development” willing and able to carry out a “catalytic” project at Southern Market Center.
See Original Article

Mortgage Rates React To The Expected

The toastier the market, the more abrupt the cooling, so dictate the laws of financial physics. We refer to a recent update from Grant's Interest Rate Observer that featured the Toronto housing market (which regular viewers of HGTV's Love It or List It are likely familiar). Grant's tells us that Toronto home
See Original Article

Market rents for social housing in planned overhaul of system

Commonwealth rent assistance, worth about $5bn a year, is paid to people in the private market and can be accessed by those in community housing but it is not available to residents of public housing. Overall, social housing tenants typically pay capped rents worth about 25 per cent of income.
See Original Article

Navistar International (NYSE:NAV) Raised to Buy at Gabelli

Navistar International logo Navistar International (NYSE:NAV) was upgraded by equities researchers at Gabelli from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, March 9th, Marketbeat Ratings reports. The firm presently has a $52.00 price objective on the
See Original Article

FintruX Network Successfully Raises $25M in Their Token Sale and Embarks Upon Building the …

FintruX Network, the global P2P lending ecosystem, has successfully raised over 22,000 ETH from contributors around the world in its token sale. The proceeds of the sale will be used to build an Ethereum-based platform that will fundamentally enhance the P2P loan experience for small businesses
See Original Article

Banks to adopt "compulsory" code of practice

Australia's leading banking association has confirmed that a new code of practice is in the pipeline with all members expected to sign up once the rules have attained ASIC approval. Anna Bligh, CEO of the Australian Banking Association, confirmed yesterday that the new code has been completely
See Original Article

CapMan Real Estate acquires commercial property in Eskilstuna, Sweden

CapMan Nordic Real Estate II has acquired ASSA AB's 63,000 sqm office and industrial facility in Eskilstuna in a sale and leaseback transaction. The property is a mixed office and industrial facility situated in the centre of Eskilstuna's business area. ASSA AB will lease the entire property back under a
See Original Article

Indiabulls Real Estate sells wholly owned subsidiaries

The Board of Indiabulls Real Estate has authorised to evaluate & finalize options available for the sale of Company's residential and commercial assets at Chennai, being a non-core market for Company's real estate business operations. The Company has entered into definitive transaction document(s)
See Original Article

Number of mortgage approvals for house purchase dips

The number of mortgage approvals being made to homebuyers dipped in February according to high street banks, as economists said 2018 was shaping up to be a difficult year for the housing market. Some 38,120 home loans got the go-ahead for house purchase, compared with 40,031 in January,
See Original Article

Octopus Property hits £3bn lending milestone

Having passed the £2bn lending mark in July 2016, the past 18 months have seen Octopus Property transacting record volumes on a monthly basis. Deals have included its largest ever investment facility, £31.3m for a West London Permitted Development scheme, and largest development loan, more
See Original Article

Breaking Down VirtualArmour International Inc's (FRA:3V3) Ownership Structure

In this article, I'm going to take a look at VirtualArmour International Inc's (DB:3V3) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. Ownership structure of a company has been found to affect share performance over time.
See Original Article

This Morning's Technical Outlook on REIT Stocks — Anworth Mortgage Asset, Apollo Commercial …

Pre-market today, WallStEquities.com reviews these four REIT-Diversified stocks: Anworth Mortgage Asset Corp. (NYSE: ANH), Apollo Commercial Real Estate Finance Inc. (NYSE: ARI), Blackstone Mortgage Trust Inc. (NYSE: BXMT), and Chimera Investment Corp. (NYSE: CIM). All you have to do is
See Original Article

In Their Own Words: Commercial Real Estate's #MeToo Moment

L ast year when Bisnow launched “What It's Really Like To Be A Woman In Commercial Real Estate,” our newsroom was responding to one of the industry's worst-kept secrets: that behind the veneer of concrete, steel, glass and deals, there existed a crude “old boy's club.” It pressed women down and
See Original Article

UK Finance: Mortgage and remortgage approvals on the rise

Mortgage approvals rose for the first time in four months in January as some 40,117 mortgage loans rubber stamped, according to the latest figures from UK Finance. That's up from 36,085 in December but is still down on January 2017, when 44,259 mortgages were approved by lenders.
See Original Article

Oil Trader Vitol to Post 25% Profit Drop as Market Shifts

Oil Trader Vitol to Post 25% Profit Drop as Market Shifts

Bloomberg News reported in February that Vitol's net income for the first nine months of 2017 climbed 8.7 percent to $1.01 billion from a year earlier. First-half profit jumped 50 percent to $818.9 million as the company sold oil pipelines and terminals. However, third-quarter earnings fell by 50 percent to
See Original Article

Tax Court: What Qualifies a Real Estate Pro for the Right Deductions?

There's a big tax difference between taxpayers who are treated as real estate professionals under the tax law from those who are considered mere passive investors. However, as evidenced by a new case, Pourmirzaie, TC Memo 2018-26, 3/8/18, you must show that you've put in the time to qualify as a
See Original Article

China names reformist Guo Shuqing central bank Communist Party chief, vice governor

For 15 years, Zhou Xiaochuan, Yi's mentor, had served as both PBOC's governor and party chief. Guo himself is both chairman and party head of the newly established China Banking and Insurance Regulatory Commission (CBIRC). Both men will support Liu He, China's new vice premier and a key
See Original Article

FBI agents in local probe examine loan for Syracuse apartments

One of Rochester developer Robert C. Morgan's companies bought the complex, Rugby Square, in a 2012 distress sale. The owner had stopped paying the mortgage, and the lender agreed to write off part of the loan. Morgan and his partner in Rugby Square, Buffalo's Brett Fitzpatrick, formed a limited
See Original Article

Swiss government says IMF advises continued monitoring of mortgage and real estate market

Swiss government says IMF advises continued monitoring of mortgage and real estate market. Mon 26 Mar 2018 09:40:21 GMT. Author: Mike Paterson | Category: News. Author: Mike Paterson. share
See Original Article

House purchases fall as remortgaging drives lending growth – UK Finance

Mortgage lending grew 4.9% in February to £19bn year-on-year, however this appears to have been driven by a rise in remortgaging to replace a collapse in house purchase approvals. The £19bn total last month was also down almost £3bn on January and below the monthly average of £21.4bn for
See Original Article

Are Chicken Little analysts right about Dallas home prices?

By now you may have heard that the sky is falling on the Dallas housing market. Tens of … It's not the first time out-of-state analysts have raised the red flag on the rate of home price growth in North Texas. … Median home sales prices in the area have jumped by almost 80 percent in the last decade.
See Original Article

Meet Virgil Abloh: Kanye West's Creative Director Is Louis Vuitton's Newest Designer

The designer and DJ has been named the first African-American artistic director of Louis Vuitton—the largest brand of LVMH (lvmuy), the world's largest luxury group. Abloh, 37, is a first-generation Ghanaian-American and founder of the fashion label Off-White. The designer has no formal fashion
See Original Article

House prices soar in commuter belt but flatline in the capital

“The Dublin market has become quite price sensitive, even though we are seeing healthy demand and good liquidity with plenty of mortgage lending,” said REA spokesperson Barry McDonald. “What we may be seeing, after the rapid increases of recent years, are the Central Bank mortgage lending
See Original Article

Opinion: First-time buyers are back

In fact, over only a three‐year period, the percentage of households with a mortgage has fallen from 31 per cent to 28 per cent, caused by the home‐owning population becoming older, and their mortgages becoming more mature and then being repaid. Although the recent increase in first‐time buyers
See Original Article

Wasting time with IVRs? Scienaptic has solutions to make banking simpler

“The different signals are generated by our platform and are directed into the workflow solutions that most of these banks have. Our core competency is our ability to understand business process banking, which is differentiated by this mechanism where the data is taken from the existing infrastructure,”
See Original Article

Australian home prices are still falling

Australian home prices fell again last week, led by a modest decline in Melbourne. According to CoreLogic, prices across Australia's five mainland state capitals slipped 0.1% in average weighted terms, the same outcome reported a week earlier. The group said that largely reflected a 0.2% drop in
See Original Article

Shanghai's housing market warms up with ample supply

On the supply side, about 126,000 square meters of new homes spanning four projects were released into the local market last week, compared with zero supply in the previous week. “We expect the strength to extend amid continuously recovering sentiment among both home buyers and real estate
See Original Article

Blame It On The Robots: FedEx Scraps Plans for a Giant Distribution Center

FedEx on Saturday canceled plans to build a new distribution center in Indiana after deciding that “automation and technological enhancements” at other centers have rendered the one planned in the city of Greenwood unnecessary. The planned facility, which was to cost $259 million and cover
See Original Article

Corporate demand drives rise in bank lending

Overall net lending by Thai banks in February increased by Bt67 billion or 0.61 per cent from the prior month to Bt110.5 trillion, which also represented a year-on-year rise of 4.36 per cent, Kasikorn Research Centre said on Monday. The uptrend in bank lending was largely due to borrowings by big
See Original Article

Europe's Bond Rally Set to Extend Into April on Debt Repayments

Government debt supply next month is set to be dwarfed by the more-than 100 billion euros ($123 billion) of bonds to be repaid, Bloomberg calculations show. Aside from the potential support from redemptions, German securities will benefit amid reinvestments from the European Central Bank's public
See Original Article

76 northerners make it onto list of Ireland's richest 300 people

A total of 76 people from Northern Ireland have made it onto the list, however at £9.4bn their combined wealth accounts for only 13 per cent of the total fortune of Ireland's richest 300 – despite the north making up 27 per cent of the island's population. Familiar faces from Northern Ireland on the list
See Original Article

HSBC adds 95% LTV deals through brokers

“But with only a 5 per cent deposit required for our new range of mortgages, no booking fees, free standard valuations, and stamp duty exemption up to £300k, we hope to help first time buyers get a footing in the market with very little initial outlay. And with historically low interest rates monthly payments
See Original Article

Islay Robinson: The 5 Biggest Trends In UHNWI Mortgages

This means buying super-prime luxury property in the most expensive postcodes has become less popular. Instead, we've seen a real trend towards clients wishing to take out refurbishment mortgages or development finance. Instead of prioritising iconic postcodes, buyers have begun to purchase older,
See Original Article

Global spend on financial market data and analysis tops $28 billion

Spending on financial market data, analysis and news in 2017, was its highest since 2011, according to a new report published today by Burton-Taylor International Consulting, part of TP ICAP's data and analytics division. The report found that global spend was up 3.57 percent, to reach $28.4 billion,
See Original Article

China Starts Trading in Crude Futures

China Starts Trading in Crude Futures

In the longer term, the futures exchange will enable China's crude-buying patterns to become more transparent to the world, says Gupta. Prices assessed at the Shanghai exchange will reflect China's crude supply and demand. They could also become a reference for China's crude market, which is
See Original Article

Keep an Eye on Mortgage Debt

Those looking for signs of what will happen to the US economy would be wise to keep an eye on mortgage issuance. While the supply of homes is notoriously tight, many are worried that higher rates might doom the mortgage market. Well, despite several hikes in 2017, the year ended up being a very
See Original Article

Citigroup Sets Restrictions on Gun Sales by Business Partners

Citigroup is setting restrictions on the sale of firearms by its business customers, making it the first Wall Street bank to take a stance in the divisive nationwide gun control debate. The new policy, announced Thursday, prohibits the sale of firearms to customers who have not passed a background check or
See Original Article

Banking Royal Commission: Westpac most resistant of big four banks to obeying the law: ASIC memo

The financial services royal commission today heard details of a briefing note ASIC staff prepared for Mr Medcraft ahead of a meeting with Westpac's chairman, Lindsay Maxsted. It followed a lengthy dispute between the regulator and the bank over credit card increases Westpac (WBC) gave to hundreds
See Original Article

Rockford Outpaces National and State Housing Markets

ROCKFORD – New data shows the Forest City's housing market did better than others not only across the state — but the nation as well. The statistics show Rockford significantly outpaced the national and state housing markets. Rockford's home sales grew 4.9% and the average sale price went from
See Original Article

Banking royal commission: Westpac disregarded ASIC credit card lending direction

The hearing on Friday exposed a tension between ASIC, which believes responsible lending obligations require consideration of individual borrower circumstances, and banks wanting to create automated, “scalable” processes to keep costs down. “Highly automated processes create a potential tension
See Original Article

SA must pounce like a black panther to exploit clothing sector's promise

This should not be surprising given the rising buying power of consumers from countries such as Angola and Nigeria, where growth in the past decade has attracted international investors. There has been a great deal of talk about reindustrialisation and beneficiation over the past few years, following
See Original Article

Trump's Plan to Punish the US Economy

… prosecute such a war. But he, and the American public, should be aware of what's at stake. –Editors: Clive Crook, Michael Newman. To contact the senior editor responsible for Bloomberg View's editorials: David Shipley at davidshipley@bloomberg.net . Before it's here, it's on the Bloomberg Terminal.
See Original Article

NatWest Surpasses Sustainable Energy Target By Providing £3.5 Billion of Lending to UK …

NatWest announced this week it has beaten its sustainable energy funding target, providing £3.5 billion of lending to UK renewable energy and energy efficiency projects over the past three years. The bank reported it set a three-year target of £3 billion in 2015 and is now committed to funding £10 billion
See Original Article

International markets roundup

NEW YORK: US stocks plunged after the Trump administration slapped sanctions on goods and investment from China. The Dow Jones industrial average dropped more than 700 points as investors feared that trade tensions between the world's largest economies would escalate. The planned
See Original Article

American International Group Inc. Buys 2568 Shares of BioTelemetry, Inc. (BEAT)

The firm owned 25,139 shares of the medical research company's stock after purchasing an additional 2,568 shares during the quarter. American International Group Inc. owned about 0.08% of BioTelemetry worth $752,000 at the end of the most recent quarter. Other hedge funds and other institutional
See Original Article

Deutsche Börse and HQLAx partner for securities lending over R3 Corda blockchain

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. Under the programme, Eurex will provide the Repo trading application, while Deutsche Börse will offer a post-trade processing
See Original Article

No continuous holidays for banks

Banks will not remain closed for five consecutive days starting from Thursday, a union leader said on Monday. “The banks will work on March 31 (Saturday) and there is no continuous holidays as per messages in the social media,” D. Thomas Franco Rajendra Dev, General Secretary of the All India
See Original Article

Most Dutch tenants unhappy with their rental home: report

But rising home prices make buying a home too expensive. And due to increasing demand and decreasing offer, actually finding a home to buy often proves impossible. Homeowners in the Netherlands are much happier on the housing market. Two thirds say they live in their ideal home.
See Original Article

Insider Buying: Micro Focus International plc (MCRO) Insider Buys 5291 Shares of Stock

Micro Focus International logo Micro Focus International plc (LON:MCRO) insider Darren Roos purchased 5,291 shares of the stock in a transaction that occurred on Friday, March 23rd. The stock was acquired at an average cost of GBX 940 ($12.99) per share, with a total value of £49,735.40
See Original Article

Markets edge higher on hopes US and China can resolve Trump tariff row – business live

A new snapshot of the UK housing market shows mortage approvals fell by 11% in February to 38,120 compared to January, but were up 4.9% on a year ago. But according to UK Finance, net mortgage lending rose by £1.643bn compared to £1.038bn in January. Credit card borrowing grew by 6.3%
See Original Article

European banks provide £135m funding to UK online lending startup

Britain's online lending industry has showed few signs of stress since voters chose to quit the European Union in a referendum in June 2016. Last year, the biggest players originated almost £3bn in loans for consumers and companies, a 53 per cent jump from 2016, according to the Peer to Peer
See Original Article

Countrywide adviser Dynamo to run mortgage adviser technology pitch night

The mortgage adviser pitch night on 11 April, will be held at the firm's offices at One Hammersmith Broadway in the Blenheim Chalcot building and offer brokers a 15 minute slot to explain their digital enhancement and apply for a job. C.Vs and any Powerpoint slides can be submitted in advance by 5
See Original Article

Octopus Property passes £3bn lending milestone

“£3bn of lending is a fantastic achievement by everyone at Octopus Property,” said Mario Berti, CEO at Octopus Property (pictured above). “While the real estate debt market has evolved almost beyond recognition since 2009 – with the sector seeing many new entrants and departures – our mantra of
See Original Article

Sales of new single-family homes flat, outlook is strong

“The recent upward revisions to the sales numbers reflect our forecast for a gradual strengthening of the single-family housing sector in 2018,” said NAHB Chief Economist Robert Dietz. “Demographic tailwinds point to higher demand for single-family homes in the months ahead. Combined with solid job
See Original Article

House GOP rolls out new payday loan regs, critics say they protect a bad industry

House GOP rolls out new payday loan regs, critics say they protect a bad industry

Looking for compromise payday lending reforms, a top House policy leader laid out a host of concepts Thursday, but admitted that finding agreement on interest rates and fees will be a challenge. Months ago, Speaker Cliff Rosenberger, R-Clarksville, handed the job of finding a deal on new payday
See Original Article

Why higher rates won't hurt this real estate market

Finance 101 tells you that higher interest rates are bad for real estate prices. Since property is a very debt-dependent asset, when interest rates go up, the cost of financing debt used to acquire a property (i.e., mortgages) increases. That's bad for the demand for real estate – and thus, real estate prices.
See Original Article

Report: Out-of-State Buyers, Vacation Rentals Squeeze Local Housing Market

Local buyers and renters are faced with more problems as the pool for available housing shrinks as more homes are sold to nonresidents, according to the report. In 2017, the Hawaii Tourism Authority estimated that Hawaii had 23,000 vacation rental units, which represents a 35 percent increase in the
See Original Article

Banking on city cash, Philly school district introduces $3.2B budget

Philadelphia School District Superintendent William Hite, and CFO Uri Monson. Monson says city investments will result in a five-year plan that projects no deficits for the first time in years. by Kristen A. Graham & Dan Spinelli, STAFF WRITERS. With the promise of a massive cash infusion from the city,
See Original Article

Quebec banking monopoly keeps broker channel at bay

“It has a lot to do with the strength of the banks, bank lending and road reps in Quebec that have traditionally been the source of mortgage financing there,” said McKenney, who's licensed in Ontario and Quebec. “Their relationships with realtors in Quebec have been strong and they've typically paid 50
See Original Article

10 years of banking sector: Pvt sector gains at cost of public sector banks

Soon after the credit crisis erupted in 2008-09, there was a sigh of relief that the Indian banking system was safe, thanks to the regulator debarring lenders from investing in toxic collateralised debt obligations (CDOs) or its derivative credit-default swaps (CDS). Indian companies seemed to be healthy,
See Original Article

Capstead Mortgage (CMO) Receives News Sentiment Score of 0.23

Headlines about Capstead Mortgage (NYSE:CMO) have been trending somewhat positive recently, according to Accern Sentiment. … either Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac), or by an agency of the federal government,
See Original Article

Corbyn's plans to remould UK economy 'risk scaring off investors'

Jeremy Corbyn's plans to transform Britain's economy if Labour wins the next general election are damaging the UK in the eyes of international investors who are already worried about the impact of Brexit on company profits and economic growth. Confidence in the outlook for the UK stock market
See Original Article

Fresno housing market is booming

He says interest rates just went up, but it's still the time to buy, “Interest rates are starting to go up a little bit, property values at starting to go up a little bit, … “The big change is that sellers have gotten a little bit spoiled thinking it's a seller's market and they don't have to do anything to make their house sell.
See Original Article

CBT Bank Employees Move into Significant New Roles with Riverview Bank

As director of retail banking, Mitchell will be responsible for managing the retail banking division of Riverview Bank in order to meet the financial services needs of the bank's customers. She will also provide high-level leadership for the CBT Bank division and serve as the community liaison in Clearfield,
See Original Article

3 Days Left Before Haitong International Securities Group Limited (HKG:665) Will Start Trading Ex …

What does this mean for current shareholders and potential investors? Below, I will explain how holding Haitong International Securities Group can impact your portfolio income stream, by analysing the stock's most recent financial data and dividend attributes. Check out our latest analysis for Haitong
See Original Article

Another record price for Sonoma County homes

Sonoma County home prices rose to a new high in February, when a shortage of homes exacerbated by the October wildfires forced buyers to routinely outbid the asking price. The median sales price for a single-family home climbed to a record $689,000 in February, according to The Press Democrat's
See Original Article

Ex-Playmate Says Donald Trump Offered to Pay Her After Sex

A former Playboy Playmate of the Year said Donald Trump offered to pay her after they had sex in a private bungalow at the Beverly Hills Hotel in 2006. Karen McDougal said in an interview shown Thursday on CNN that she told Trump, “That's not me, I'm not that kind of girl” when he offered her money.
See Original Article

7 stats that show how Toronto's new construction condo market is only getting hotter

While much of the GTA housing market has seen a significant cooling in the first two months of 2018, there is one prominent exception — new construction condos. The price of a new GTA condo jumped a whopping 39.5 per cent year-over-year last month, according to data from Altus Group, released
See Original Article

Western Europe Construction and Real Estate Market Overview 2018

Western Europe Construction and Real Estate Market Research Report 2018 to 2022 tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing
See Original Article

Deal of the Week: Fidelity National Financial to buy Houston's Stewart Information Services for $1.2B

Stewart Title is the largest title company in Houston based on its more than 28,000 titles closed in 2016, according to HBJ research. Fidelity owns several title companies, including some with a huge Houston presence such as Chicago Title, Alamo Title and Fidelity National Title Agency Inc. It also owns
See Original Article

Greensboro Housing Hub aspires to be 'one-stop shop' for people needing affordable housing

Some of the people who walk through the doors of the Housing Hub might be directed to Habitat, which offers no-interest mortgage loans. Habitat is not a giveaway program — families accepted into the program must work on the house and must pay the mortgage. Current Habitat homeowners work in a
See Original Article

Press Release: Women's World Banking, ExxonMobil Foundation and the Center for Global …

NEW YORK, NY – Today, Women's World Banking, the Center for Global Development, and ExxonMobil Foundation launched She Counts, a global initiative convening and harnessing the power of financial service providers committed to serving women. Announced at a special event hosted by the
See Original Article

LGBTQ chamber hosts discussion 'Navigating the Shifting Real Estate Market'

More than 70 business people on Wednesday attended a Miami-Dade Gay & Lesbian Chamber of Commerce luncheon to discuss “Navigating the Shifting Real Estate Market.” Panelists Marty Davis of Legal Solutions Group, Cathy Pareto of Cathy Pareto & Associates, Robin Schwartz of Caliber Home
See Original Article

Trump's plan to remove McMaster wasn't true — until it was

Some White House staff rejected suggestions they had misled the public about McMaster's status. At the same time, they maintained the decision to remove him had been long in coming and was not a response to Tuesday's leak of briefing papers related to Trump's phone call with Russian President
See Original Article