Financial Benefits Report illustrates how credit unions help people afford life

Financial Benefits Report illustrates how credit unions help people afford life

That amounts to more than $1,400 in savings over the life of the loan. Overall, credit unions offer lower average loan rates on new and used car loans, personal unsecured loans, first mortgage-fixed rate, first mortgage-adjustable rate, home equity loans and credit cards. “The more people understand
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Ask the Economist: NAR's VP of Research Paul Bishop

Editor's note: This story was originally featured in the March issue of DSNews, out now. Paul Bishop, Ph.D. is the VP of Research for the National Association of Realtors. In this role, he leads the Research Division's survey and market research activities, including analysis of real estate business and
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Yonkers: MacDonald seeks good fortune in Matchmaker, Levy leg three

Driver Mark MacDonald finally appears to have a foothold on the racing scene at Yonkers. Since arriving in 2012 from Ontario, MacDonald's services have been more in demand and his ability to guide top-level talent has been assured. This weekend MacDonald has a host of proven commodities to
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2017-18 Arizona Case Law Affecting Commercial Real Estate and Lending

In May 2013, the trustee recorded a new Notice of Trustee's Sale, and in January 2014, the loan servicer sent Davis a Notice of Default – Right to Cure notifying Davis that he had the right to cure his default by paying a stated amount and stating that the lender could accelerate the debt if Davis failed to
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Jennifer Isaac | Howard Hanna Real Estate Services

Howard Hanna Real Estate Services announces that Jennifer Isaac has been named manager for the Ontario office. Isaac will be responsible for overseeing more than 20 real estate professionals, with a focus on increasing market share. Isaac has been in the real estate field for 20 years. She is a
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Cheap real estate sours Chuck E.'s cheese

Drawn by inexpensive real estate in the wake of the brick-and-mortar retail shakeout, independently owned bounce houses and trampoline parks have soured sales for kid entertainment venue Chuck E. Cheese's, executives said Wednesday. Irving, Texas-based CEC Entertainment Inc., which is
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Home values keep on climbing in Travis County

On Friday, Travis County Chief Appraiser Marya Crigler will start sending out property value appraisal notices to Travis County homeowners – and the reaction from homeowners probably will be pretty familiar. If you're trying to sell your house, you'll likely be pretty happy with your home's new valuation.
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'Stolen' funds returned, MUFG's ambitions and a 30-minute mortgage: Top stories of the week

'Stolen' funds returned, MUFG's ambitions and a 30-minute mortgage: Top stories of the week … A BankThink argues that Treasury's GSE cash infusions are just the return of stolen money; MUFG wants its Union Bank to be one of the nation's 10 largest; fintech promises a 30-minute mortgage; and more.
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Thirty sales in three days on the beaches in giant Easter spree

PROPERTY buyers have gone on a giant Easter binge on the northern beaches, spending almost $70 million on real estate in just three days. … said a massive number of people had inspected the landmark property, with serious interest coming from locals and a handful of international buyers.
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Barclays agrees to pay $2 billion to settle crisis-era RMBS fraud charges

In a statement provided to HousingWire, a Barclays spokesperson added: “Barclays is pleased to have reached a resolution of this matter with the Department of Justice and in doing so put a significant legacy issue behind us.” The settlement is the second RMBS-related settlement Barclays reached with
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Starling Bank moves into business banking

Starling Bank, after recently being voted the Best British Bank, has today become the first fully licensed mobile-only bank to launch business accounts for small businesses and entrepreneurs in the UK. Starling's app is simple to use and allows small business owners to open an account in less than 10
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Minority Woman-Owned Business buys $22.4 Million of Non-Performing Loans from Freddie Mac

MCLEAN, Va., March 29, 2018 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB:FMCC) today announced it sold via auction 113 deeply delinquent non-performing loans (NPLs) serviced by New Penn Financial, LLC d/b/a Shellpoint Mortgage Servicing to VRMTG ACQ, LLC, a minority woman-owned
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Barclays's $2 Billion Mortgage Settlement Is Lighter Than Most

Two other European banks, Royal Bank of Scotland Group Plc and UBS Group AG, still haven't reached settlements with the Justice Department over pre-crisis sales of mortgage securities, according to data compiled by Keefe, Bruyette & Woods. Bank of America Corp., which has paid the biggest fines
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20 suspect hackers arrested over online banking fraud

20 suspected fraudsters have been arrested in connection with a banking fraud scheme which resulted in the loss of over a million euros. … When submitted, these credentials were then used by the scammers to make fraudulent transactions to bank accounts under their control. The funds, now
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Laurence P. Gottlieb: Visions of the Hudson Valley's future

Laurence P Gottlieb The Hudson Valley is experiencing an era of unprecedented economic growth. Development projects continue throughout the region while economic indicators point upward. Even then, it is only a matter of time before the regional commercial real estate market begins to follow the
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UK's TSB to create lending marketplace for small businesses

UK based retail bank TSB has decided to create a business marketplace that will enable small businesses to compare financing options from multiple lenders. About 90% of small business banking is dominated by the big lenders most of which have a complicated and time consuming application
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Insider Buying: Colonial Coal International Corp (CAD) Insider Acquires 489000 Shares of Stock

Colonial Coal International logo Colonial Coal International Corp (CVE:CAD) insider Rosseau Asset Management Ltd. acquired 489,000 shares of the business's stock in a transaction that occurred on Tuesday, March 27th. The shares were purchased at an average cost of C$0.29 per share, with a total
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Tim Paine rides wheel of fortune in the wake of tampering scandal

JOHANNESBURG: It was not long ago that Australia wicketkeeper Tim Paine was considering giving up the game entirely. Now he is set to captain the team as they look to pick up the pieces following the ball-tampering scandal. Paine was a surprise, and in some quarters unpopular, pick for the Ashes
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Should You Buy Ag Growth International Inc (TSE:AFN)?

There's no stopping the Ag Growth International Inc (TSX:AFN) growth train, with analysts forecasting high top-line growth in the near future. Its share price has been relatively constant over the last three months; most recently CA$53.26 at the time of posting. I've been researching AFN for a while, and am
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Spencer's 78000% Rise to Billionaire Began With a $70000 Bet

In the process of turning 50,000 pounds into the 3.9 billion pounds NEX is being sold for — a 78,000 percent gain –two major forces have compelled the Oxford University physics graduate to reinvent ICAP: technology and regulation. In the early 2000s, he realized that electronic markets would slowly eat
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Fact-Checking Trump and the White House's Amazon Claims

Fact-Checking Trump and the White House's Amazon Claims

U.S. President Donald Trump lobbed another Twitter bomb at Amazon.com Inc. on Thursday, criticizing the world's biggest online retailer for, in his view, failing to pay enough state and local sales tax revenue, hurting the retail job market and abusing postal rates. But the president's criticisms omit some
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What the New Steel and Aluminum Tariffs Could Mean for the Construction and Housing Market

The unexpected announcement earlier this month of new tariffs on imported steel and aluminum could impact prices for the U.S. construction, infrastructure and housing markets. Protectionist trade policy, introduced by the White House to boost domestic production and add new jobs, will impose a 25
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Tesla Recalls About 123000 Early Model S Cars

Tesla Inc. is recalling all Model S cars built before April 2016 to retrofit a power-steering component as the company caps its worst one-month performance in the stock market since December 2010. The issue, which the carmaker said has not led to any accidents or injuries, impacts only the flagship
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After Nearly 20 Years, Legislature Rethinks Payday Lending

Gilbreath is the Executive Director of Hawaiian Community Assets and Hawaiʻi Community Lending. The non-profit provides financial services to underserved communities. For the past three years, his organization collected data on Hawaiʻi's payday lending industry. When a person borrows $600 from
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Frauds cost Rs 18170 cr in 12553 cases to banking sector in FY17: Advisory firm report

registering the highest number of such cases, says a report. While Bank of Maharashtra reported 3,893 cases of fraud, private sector lender ICICI Bank came a close second with 3,359 cases and HDFC Bank the third with 2,319 fraud cases, in the last financial year, according to proxy advisory firm
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Stocks add 316 points on foreign buying

KARACHI: Stocks rallied on Thursday as heavy buying by local and foreign investors propelled the KSE-100 index up by 316.63 points (0.70 per cent) to close at 45,489.62. The market opened firm and the index made an intraday high by 333 points. Foreign investors re-entered, making heavy
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Chamber of Commerce approves real estate appraisal

The Cartersville-Bartow County Chamber of Commerce approved a measure to appraise the organization's real estate tract at Wednesday's board of … The board voted to allocate up to $3,000 to assess the value of the Chamber's property along 122 West Main St., which includes a lot with a current
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Barclays Finalizes Mortgage Securities Probe with $2 Billion Settlement

Barclays finalized an agreement to pay U.S. authorities $2 billion to settle claims that it misled investors with residential mortgage-backed securities it sold in the run-up to the 2008 financial crisis, the U.S. Department of Justice said on Thursday. The final deal is lower than the $5 billion sum that the U.S.
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Lancaster city, Columbia hot spots for home sales

There's good news about the county's housing market. Doug Foltz, president of Lancaster County Association of Realtors and branch manager at Coldwell Banker Residential Brokerage, Lancaster, says home sales in 2017 were up 2½ percent from 2016. However there's still a shortage of inventory.
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US Fed buys $2.9 bln of mortgage bonds, sells none

NEW YORK, March 29 (Reuters) – The Federal Reserve bought $2.941 billion of agency mortgage-backed securities in the week from Mar. 22 to Mar. 28, compared with $2.498 billion purchased the previous week, the New York Federal Reserve Bank said on Thursday. In a move to help the housing
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Russian News Service RT to Go Off the Air in the Washington Area

RT, formerly known as Russia Today, bills itself as a 24/7 news operation that provides alternative sources of information, with the slogan “Question More.” It continues to air in other U.S. cities through a variety of arrangements, including on television systems in many hotels. A spokesman for the Justice
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Eleven Years Later, Barclays to Pay $2 Billion Penalty Over Mortgage Bonds

The U.S. government alleged that investors lost billions of dollars after Barclays misled them about the quality of mortgage loans backing 36 RMBS deals sold by the bank from 2005 to 2007, the DOJ said in a statement Thursday. More than half of the $31 billion of mortgages securitized in the deals
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Two-Thirds of Median-Priced Homes Unaffordable to Average Wage Earners

The first quarter median home prices across more than two-thirds of the nation's housing markets were not affordable for average wage earners, according to new study from ATTOM Data Solutions. The study found that 304 of 446 counties analyzed for this report, or 68 percent, were out of reach if one
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Analysis: What the NY Times Got Wrong on HUD's Fair Housing Policies

Next, the Times tell us that in “an e-mail in November, a top HUD official relayed the news that the head of the Fair Housing and Equal Opportunity division, Anna Maria Farías, had ordered a hold on about a half-dozen fair housing investigations given the highest priority under Mr. Carson's most recent
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$77M real estate transaction in Montco; Benchmark School expanding

Here's how the sales of 14 buildings that MLP Ventures — formerly known as O'Neill Properties Group — are getting recorded with Montgomery County as part of a $76.9 million transaction announced in January. The real estate company bought the properties in a portfolio from Liberty Property Trust.
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Real estate group to move into former Manitowoc Book World site

“I am excited about this great opportunity to represent one of real estate's premier brands,” Townsend said. “The association with Berkshire Hathaway and Starck will bring into play the power of an international leader in real estate and the financial world. This will allow me to offer my clients best-in-class
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Looking to buy a home for $300000? Here's what you can expect to find.

As the spring home-buying season gets underway, first-time home buyers will be out in force searching for their dream homes. Many will come away disappointed in what they find. The number of homes for sale on the market, particularly those at entry-level prices, has declined dramatically in the past
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A glance at US mortgage rates

A glance at US mortgage rates. By the associated press. Mar 29, 2018, 11:49 AM ET. 0 Shares. Email. Star. 0 Shares. Email. Average long-term U.S. mortgage rates moved little this week after a months-long stretch of increases.
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Bitcoin Breaches $7500 in Downbeat End to Dismal Quarter

The world's biggest cryptocurrency by market value dropped as much as 7 percent on Thursday, taking it below the $7,500 mark to the lowest level on a closing basis since early February, according to data compiled by Bloomberg. The slide took the token's losses in 2018 to a whopping 48 percent, and
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Temenos and the need for core banking renewal

According to CTO at Temenos, Dharmesh Mistry, the difference is that today, banks face a whole new level of demand around system scalability and flexibility. This is prompted not only by new regulations such as PSD2, which dramatically increases the number of customer interactions and transactions,
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TDAP organises first Buyer's, Sourcing Housing Symposium

TDAP organises first Buyer's, Sourcing Housing Symposium

KARACIH: The first Buying and Sourcing Houses Symposium was held in Karachi. The symposium organized by the Commerce Division and Trade Development Authority of Pakistan (TDAP) was attended by the representatives of buying houses of leading retail chains and international brands based in
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How Will Trade Wars Impact US Bankers?

US bankers' core banking businesses outside of the US will likely benefit from the weaker dollar. The dollar is weaker due to lower tax rates and trade wars. Banks (XLF) could continue to see a stable rise in core banking operations in emerging markets and Europe. However, their asset management
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Are women COOs facing a new kind of glass ceiling?

Fortune's assistant managing editor Leigh Gallagher recently joined Morning Joe co-anchor and Know Your Value founder Mika Brzezinski to discuss the rise of female COOs in tech—also known as women “seconds-in-command”—and to share her insight about what this female leadership trend could
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Qualcomm Board Members Draw Tepid Support From Shareholders

Qualcomm Inc.'s vote tallies from its annual meeting show that the chipmaker's board was re-elected with reduced support from shareholders, fallout from a failed hostile bid from Broadcom Ltd. that many investors wanted. Directors were running unopposed at a meeting last week because Broadcom
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Banking reform supplies capital to rural Montana, Tester tells bankers

Jon Tester hosts a roundtable discussion Thursday in Helena with local business owners and bankers about his Economic Growth, Regulatory Relief … Jon Tester touted legislation relaxing banking regulations at a roundtable with bankers in Helena Thursday, as curbing regulatory overreach on small
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Mortgage Applications Up 4.8% Last Week: Mortgage Banker Association

Despite rising home prices and mortgage interest rates, applications for new mortgages jumped nearly 5% for the week ended March 23, 2018. According to the Mortgage Bankers Association's Weekly Mortgage Applications survey, applications for a new home loan jumped 4.8% on a seasonally
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State Street Appoints Sara Mathew and William Meaney to its Board of Directors

She has extensive board experience across a number of industries including financial services, pharmaceuticals and consumer products and currently serves on the Board of Directors of the Campbell Soup Company, Freddie Mac and Shire. She received a bachelor's degree in physics, mathematics
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Craigslist scammers go after real estate

Well, now these scammers are getting into the real estate business. “It's a scam I could have easily fell for,” said Venus Montgomery. She and her family moved from Minnesota almost 2 weeks ago and have been looking for a place to rent. She went on Craigslist to see if she could find any good deals,
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Strong Economy Lifts Real Estate in Salt Lake City

Strong Economy Lifts Real Estate in Salt Lake City. Due to robust employment and solid demographics, Utah's largest city is generating demand across all asset classes. by Laura Calugar | Mar 29, 2018; Mar 29, 2018. Salt Lake City · West · Research Center; More. News · Matrix · Facebook · Twitter
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Fortune & Glory Film Club

Based at Screen 22 in Hockley, Fortune & Glory Film Club is known for cult film screenings with a difference: a super interactive, immersive, fancy dress and goody bag type of difference. Miriam Blakemore-Hoy met up with club's founder and creative force, Emma Duncan, to discuss the past, present and
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How Latino Credit Unions Clear Banking Barriers

Latino-friendly credit unions aim to help people who have traditionally been underserved by the American banking system. This includes immigrants, especially from Latin America, who often avoid banks. But a bank account means having a safe place to keep cash and pay bills (regardless of your
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American State Bancshares to merge its two banking institutions

He has been the chief executive for American State Bank. Cuy Mauck, named president of Rose Hill Bank in 2016 will remain part of the company's leadership team. Quarles says the merger will help streamline operations and improve efficiencies. Perhaps more importantly, combining forces will help
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Value Creation Through Employer Loans: Evidence of Informal Lending to Employees at Small …

In turn, employers decide whether to lend the money through formal (i.e., written, contractual) loans or more informal “off-the-book” (OTB) loans. Our exploration of this understudied source of credit unearths important questions about the reasons employers lend money to employees, the manner in which
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Rate Hikes Could Impact Lending and Spreads in 2018

The bank has stuck to a slightly costlier lending model compared to its peers. Amid stricter underwriting guidelines and higher spreads, Wells Fargo has lost on expanding its loan book. JPMorgan Chase (JPM), Citigroup (C), and Bank of America (BAC) have improved their yields by 50–75 basis points
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Medidata Solutions, Inc. (MDSO) Analysts See $0.19 EPS; Biglari Capital Has Lowered Investors …

Biglari Capital Corp decreased Investors Title Co (ITIC) stake by 24.05% reported in 2017Q4 SEC filing. Biglari Capital Corp sold 9,500 shares as Investors Title Co (ITIC)'s stock rose 0.07%. The Biglari Capital Corp holds 30,000 shares with $5.95 million value, down from 39,500 last quarter. Investors
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Cleveland church's attempt to sell vacant houses, land prompts anxiety in Clark-Fulton neigborhood

St. Rocco parish, in the city's Clark-Fulton neighborhood, is trying to sell the real estate as a package. The price for the 14 parcels, which hit the market in mid-February, is $280,000. The Catholic Diocese of Cleveland confirmed this week that the parish has received offers and is considering them.
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Apple Revamps Privacy Controls to Comply With New European Law

It also offers the ability to view health records, and new animated emojis for iPhone X users. … to know what you've been browsing about for years, who your contacts are, who their contacts are, things you like and dislike and every intimate detail of your life — from my own point of view it shouldn't exist.”.
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Barclays pays $2bn to settle US mortgage investigation

Barclays has agreed to pay $2bn to settle a US investigation into tens of billions of dollars worth of mortgage-backed securities it sold in the run-up to the financial crisis. The US Department of Justice said on Thursday that the settlement followed a three-year probe into 36 residential mortgage-backed
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Can average US wage earners afford to buy a home in 2018?

Americans earning an average weekly wage will be hard pressed to find affordable housing in most of the country's housing markets. Falling national inventory levels are pushing national home prices up and, as a result, only about one third of median-priced homes are affordable to those Americans
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Better Homes and Gardens Real Estate Proudly Announces 2017 Excellence Award Winners

“Better Homes and Gardens Real Estate launched with an unwavering set of core values.These values drive the way our network approaches their business: from serving clients and communities to how they operate their businesses,” said Sherry Chris, President and CEO of Better Homes and Gardens
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Certified Probate Real Estate Specialist Lydia Wietsma talks about the 7 mistakes people make

Certified Probate Real Estate Specialist Lydia Wietsma talks about the 7 mistakes people make

What is probate? Probate is the court process required to distribute someone's assets when that person passes without a Trust. Did you know that 95% of folks do not have a trust in place or have a Trust that is incorrect and will require some type of Probate. What is a Certified Probate Real Estate
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Atlanta REIT Broadtree Seals $100M Credit Facility, Eyes Expansion

In the past, Broadtree “had predominantly financed our assets with government-sponsored entity debt,” said Ryan Albano, Broadtree's chief financial officer, referring to loans secured by agencies like Fannie Mae and Freddie Mac. “That's certainly attractive from a cost-of-capital perspective, but we
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Barclays to pay $2B to US to settle mortgage suit

New York – Barclays has agreed to pay $2 billion in civil penalties to the U.S. government to settle a lawsuit alleging that it was involved in a fraudulent scheme to sell residential mortgage-backed securities. The announcement was made Thursday by the U.S. attorney's office in Brooklyn. The Justice
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6 numbers to know in Columbus housing

Lance Lambert of Realtor.com notes that Ohio's got it easier than other markets in some respects. The average down payment in the Columbus metro is above Cincinnati (8.6 percent) and Cleveland (8.7 percent) but to truly appreciate how the local housing market compares, see how bad things are on
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Canada's economy disappoints amid tougher real estate regulations, oil sands shutdowns

Canada's economic output unexpectedly contracted in January, as the impact of tougher real estate regulations and oil sands shutdowns further applied to the brakes to an already sluggish economy. Statistics Canada reported that real gross domestic product declined by 0.1 per cent in January from
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Price caps raised for state loans to first-time buyers

From Freddie Mac's weekly survey: The 30-year fixed averaged 4.44 percent, down 1 basis point from last week's 4.45 percent. The 15-year fixed averaged 3.90 percent, also down 1 basis point from last week's 3.91 percent. The Mortgage Bankers Association reported a 4.8 percent increase in loan
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Iredell real estate transactions: March 18-24

From J. Kibel/Indvl & AIF, J. Kibel/Indvl & AIF, J. Kibel/Indvl & AIF, S. Downes/Indvl & AIF and L. Kibel to Property Solutions, LLC, metes and bounds, formerly Lot …. From Maeb Family Trust, S. Simpkins/TR and S. Simpkins/TR to RC and RS Real Estate, LLC, Lot 2, 905 Lakeview Dr., Statesville, $16,500,
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What's wrong with banking, and what to do about it

Nearly a year on from the Global Crisis, many argue that the international banking system remains broken. Anat Admati discusses how the structure of banks makes them fragile, and why they should be regulated in order to withstand shocks. This video was originally published by the CORE Project in
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What Are You Learning From Your Webinars?

On the other hand, a robust registration form calling for job title, company, industry, and (for example) the types of questions attendees would like to see addressed in the presentation allows you to build an individual profile of each registrant: what they do, where they do it, their assumed place in the law
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Uber Settles With Family of Victim Killed in Self-Driving Car Accident

An Uber spokesperson declined to comment to Fortune about the settlement. Herzberg was struck by one of Uber's autonomous vehicles on the night of March 18 as she crossed a busy street while pushing her bicycle. Although a human driver was inside the self-driving car as a precautionary measure,
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Science Applications International Corporation – Receive News & Ratings Daily

Investors sentiment increased to 0.92 in Q4 2017. Its up 0.07, from 0.85 in 2017Q3. It improved, as 22 investors sold Science Applications International Corporation shares while 81 reduced holdings. 40 funds opened positions while 55 raised stakes. 25.90 million shares or 1.37% less from 26.26 million
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Alt.Estate To Become an Industry Standard for Blockchain-Based Real Estate Transactions

Using the blockchain technology to disrupt the real estate market, Alt.Estate has a strong potential to become an industry standard for the blockchain-based real estate transactions. A strong technology stack, a go-to-market strategy with 10X leverage, a working prototype with three tokenized apartments
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COMMENT – How politics has bred NPAs and hobbled our banking system

It was the government's first official statement on the size of non-performing assets (NPAs) of Indian banks and how the buildup of such deadweight liabilities took place with both private and government owned banks. In reply to the Unstarred Question No 4614, Shiv Pratap Shukla, minister of state in the
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Redfin Mortgage expanding to Minnesota

“The combination of Redfin's full service real estate brokerage, Title Forward, and now Redfin Mortgage is a hat trick for homebuyers in the state of hockey.” Redfin notes that its real estate agents are not compensated for recommending Redfin Mortgage or Title Forward. The company also said that it
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Blue Moon's Creator is Making a Marijuana-Infused Beer

Keith Villa, the man who created the recipe for the popular Blue Moon beer, has a new project: a marijuana-infused beer made by his new brewing company. Instead of being brewed with alcohol, the beer will be infused with marijuana that is designed to mimic the effects of drinking a traditional beer.
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KC industrial sector grabbing attention, deals

Meanwhile, though Kansas City is far from the largest industrial market, it is being spotlighted as a big-box industrial market to watch in a new Colliers International report. According to the CBRE survey, respondents anticipate that occupier trends with the largest impact on commercial real estate
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Seaside house of late tire mogul sells for $39.4 million in Palm Beach

Powers founded The Strand Partners of Boca Raton and Los Angles, a private investment group. The firm makes “selective direct and fund investments across regions, strategies and asset classes,” according to its website. The company invests in real estate, the hospitality industry and natural resources
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Barclays pays US$2b to settle mortgage securities suit

[LONDON] Barclays Plc agreed to pay $2 billion in civil penalties to settle a US investigation into its marketing of residential mortgage-backed securities between 2005 and 2007. The probe resolves a rare Justice Department lawsuit that the bank has battled since the waning days of the Obama
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A decade after housing bust, mortgage industry on shaky ground, experts warn

During the housing bust, nonbank lenders failed in droves as home prices fell and borrowers stopped making payments, fueling a wider financial crisis. Yet when banks dramatically cut back home loans after the crisis, it was nonbank mortgage companies that stepped into the breach. Now, nonbanks
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What Does MoneyGram International Inc's (NASDAQ:MGI) Ownership Structure Look Like?

Institutions account for 42.53% of MGI's outstanding shares, a significant enough holding to move stock prices if they start buying and selling in large quantities, especially when there are relatively small amounts of shares available on the market to trade. Although MGI has a high institutional ownership,
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Bad weather, lack of inventory, rising rates slow home sales

Bad weather, lack of inventory, rising rates slow home sales

A trifecta of factors have had a chilling effect on the Long Island real estate market so far this month. The confluence of snowier-than-usual weather, higher mortgage rates and a continuing shortage of available housing inventory is being blamed for a recent slowdown in home-sales velocity here.
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After departures, West Wing anxiety lingers

President Donald Trump waves with outgoing White House Communications Director Hope Hicks before boarding Marine One on the South Lawn of the White House in Washington, Thursday, March 29, 2018, for a short trip to Andrews Air Force Base, Md., and then on to Cleveland. (AP Photo/Andrew
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The UK Just Confirmed Its 1st Case of 'Super Gonorrhea.' And It's Freaking Out Health Experts

Public health officials have been sounding the alarm on increasingly difficult-to-treat strains of gonorrhea for years now. This week, health officials in the U.K. pointed to a tangible human case of “super gonorrhea,” drawing widespread concern among medical and infectious disease experts.
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LinkedIn adds video for sponsored content and company pages

Along with the sponsored content, LinkedIn is offering B2B targeting capabilities allowing marketers to drill down on audience traits like job title, seniority, company name, industry and skills. The company also offers integration with its Matched Audiences solution that allows marketers to target
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The Hottest Real Estate Markets in America, March 2018

“Never in history have there been more eyes on fewer homes than today,” said Javier Vivas, director of economic research at realtor.com. “The price gains observed in the last days of March tell us the market is on pace to see half of the homes listed above $300,000 this summer. This means buyers are
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Congress Considers Going Easy on Predatory Lenders

The payday lending industry is pressing its friends in Congress to repeal rules that shield borrowers from short-term loans that trap them in debt at interest rates of 400 percent or more. The rules were issued last year by the Consumer Financial Protection Bureau in a last gasp of consumer financial
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BankThink Consumers lose when small banks can't compete

As Congress considers a major regulatory relief bill for the banking industry, lawmakers must remain focused on giving community banks relief from regulation that is harming the industry and reducing competition. One of the strengths of the American economic system is our impetus for competition.
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Should You Buy American International Group Inc (NYSE:AIG) At $54.52?

This high level of volatility gives investors the opportunity to enter into the stock, and potentially buy at an artificially low price. A question to answer is whether American International Group's current trading price of $54.52 reflective of the actual value of the large-cap? Or is it currently undervalued,
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Chinese student deported from US after 'disturbing behaviour' including buying two high-powered …

An international student at the University of Central Florida who owned high-powered rifles and alarmed police and classmates with his “disturbing behaviour” is being deported to China, after a judge found him to be out of compliance with his visa, officials said. Sun Wenliang, 26, came to the attention of
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Gershman Mortgage Helps To Preserve Affordable Housing in Missouri

Gershman Mortgage is one of the nation's leading mortgage bankers, offering over 60 years of experience, security, and unmatched customer service in residential and commercial financing Gershman has maintained a reputation in the mortgage industry that few lenders can equal. We were one of the
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Facebook Starts Fact Checking Photos and Videos in This Country

Facebook has started to fact-check photos and videos to thwart the spread of fake news. The social media giant said Thursday that it has partnered with the Agence France-Presse (AFP) news service to scrutinize photos and videos in France for accuracy in addition to conventional news stories
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Prospect of a Trade War Is Worrisome, Bank of Israel Head Warns

She dismissed the possibility that falling housing prices could spark a banking crisis: “We think the system is stable and safe, and can withstand even a fairly sharp correction in the housing market.” As the first female Bank of Israel governor, Flug is one of just 13 women in the world running central banks
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Angel Oak Capital Advisors hires Namit Sinha to oversee firm's non-QM investments

Earlier in his career, Sinha worked at Nomura Securities as the company's executive director of mortgage trading, where he specialized in the acquisition and financing of non-performing loans, RPLs, non-QM and prime jumbo loans. Sinha also spent time at Lehman Brothers and Barclays as a
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SALT Lending Expands Executive Team With New CTO

DENVER, March 29, 2018 /PRNewswire/ — SALT Lending (SALT), which offers blockchain-backed cash loans using the value of cryptocurrency as collateral, has named Bill Sinclair as Chief Technology Officer (CTO) of SALT Lending Holdings, Inc. Sinclair is the first to hold this position at the company,
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Vancouver developers warn new taxes will drive housing costs up

Those taxes aren't just targeting wealthy people who are buying up west side houses, or homeowners who've amassed significant equity as housing prices soared. Developers who purchase parcels of land for future housing projects must also pay. And those taxes, they say, will drive housing costs up
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Here's What Trump Could Do to Amazon

Lina Khan, director of legal policy at Open Markets Institute, a Washington think tank that advocates for tougher antitrust enforcement, says Amazon should be scrutinized. One area of concern is the way Amazon can exploit information it collects about third-party sellers to better compete against them.
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Women Less Confident About the Housing Market

The latest installment of the ValueInsured Modern Homebuyer Survey finds strong disparities between men and women when it comes to their levels of confidence in the state of the housing market. According to the report, only 44 percent of all women believe the housing market is heading in a good
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How to approach gender bias in the mortgage industry

In closing, I am glad these conversations are surfacing, and HousingWire is taking the lead by hosting the debate, but I think leaders and change agents alike need to hold ourselves to a higher standard for dialogue. By associating Rob Chrisman with this movement, you push away him and all of his
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raceAhead: All About The Empathy

A heartfelt thanks to the dozens and dozens of you who have answered my call to help me help you by answering a few short questions in this brief survey. Here's what I'm learning so far: You're smart, funny, dedicated, often lonely in the work and at work, and you're looking for best practices, better
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Toronto morphs into whole new 'monster' as houses slump and condos soar

It's a tale of two housing markets in the Toronto area as Canada's biggest city gears up for the crucial spring selling season: sales of big detached homes are slow, while condo deals are booming. On one side are people like Karen Berends, who put her $1,498,888 house back on the market in nearby
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Briefcase: Stocks end quarter in the red; data breach at Under Armour

Briefcase: Stocks end quarter in the red; data breach at Under Armour

NEW YORK — Technology companies powered U.S. stocks to solid gains Thursday, snapping the market's two-day losing streak. Banks, consumer-focused companies and industrial stocks also helped lift the market. Even so, the broad gains, which came on the last day of trading ahead of the Easter
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A Utility Wants to Build America's Largest Wind Farm—And Get Customers to Pay for It

It's Like eBay, But Everything Sells in 90 Seconds.Tophatter · Banyan Hill Publishing · This $22 Tech Stock is Set to Soar by 2020 (50 Billion Devices)Banyan Hill Publishing · Digg.com for Hint Water · Can't stop drinking soda? Try this Replacement!Digg.com for Hint Water. LIVE ON BLOOMBERG.
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Appraisal Foundation drastically reduces requirements to become an appraiser

Meanwhile the housing industry continues to move toward a more automated systems, utilizing systems and data in some mortgage transaction and not going through the traditional appraisal route. But now, the Appraiser Qualifications Board is updating its requirements to become an appraiser
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CRE Future Leaders Brooke Jackson

As part of our series, CRE Future Leaders, we caught up with Brooke Jackson, multifamily originations vice president at Pillar Financial. Jackson is responsible for production across all Pillar product lines, specializing in conventional multifamily financing with Fannie Mae and Freddie Mac throughout the
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Samsung's Recent Title As World's Largest Semiconductor Manufacturer After Beating Intel Will Be …

When we talk about multinationals, Samsung is the one company which truly dominates. The Korean tech giant manufactures almost every consumer gadget/electronic device out there, from washing machines to smartphones. Its memory and display manufacturing facilities are unparalleled globally.
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February home sales in Birmingham metro area up 6 percent from a year ago

According to the Greater Alabama MLS, there were 5.1 months of housing supply during February, a 19.6 percent decrease from the previous month. The “months of housing supply” is a simple calculation – homes listed (supply) divided by homes sold (demand). Generally speaking, the market is in
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Why Drug Overdoses Are on the Rise and Getting Worse in America

The tide of America's drug overdose and opioid crisis isn't turning; in fact, the epidemic seems to be getting worse, according a detailed new report by the Centers for Disease Control (CDC). Drug overdoses rose in every corner of the nation in 2016, according to the analysis, indiscriminately afflicting
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Charts of the Day: The Banking Industry Ten Years After the Crash

The Wall Street Journal has a graphical retrospective today about the banking industry ten years after the great crash. Here are a couple of their charts: The Journal inexplicably left out a chart on banking industry profits, so I'll just add that one myself: Remember this the next time you hear tales of woe
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Banking in Peru: Recovery Underway, but Politics Raise Doubts

In addition, the country still has a long way to go to close the gap that separates it from other countries in the region in terms of financial inclusion, opening opportunities for banks and innovation. Along these lines, fintechs and a recent law that promises to integrate credit unions further into the formal
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The Community Financial Corporation Announces Quarterly Cash Dividend

These risks and uncertainties involve general economic trends, changes in interest rates, loss of deposits and loan demand to other financial institutions, substantial changes in financial markets, changes in real estate value and the real estate market, regulatory changes, possibility of unforeseen events
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Freddie Mac sells $22.4 million NPLs to minority, woman-owned business

The GSE sold 113 loans via auction to New Penn as part of its Extended Timeline Pool Offering. The transaction is expected to settle in May 2018. Freddie Mac began marketing its transaction on February 15, 2018 to potential bidders, including minority- and women-owned businesses, nonprofits,
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Whole Foods May Offer Amazon Prime Members a 10% Discount

A Whole Foods store in Austin, Texas has reportedly been testing signs promoting a 10% discount for Amazon Prime members. The signs were only hung for a short period of time and Amazon did not immediately reply to a request for comment on whether it was planning to make this a national offer.
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Letter to the Editor: Council should call the question for affordable housing

Alexandria has lost more than 17,000 market-affordable rental homes since 2000 – a shocking 90 percent loss of the city's moderately priced housing stock. These apartment buildings were the victims of sweeping market forces that have demolished older housing stock in desirable close-in locations
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Peer-to-peer lending and bias in crowd decision-making

Peer-to-peer lending is hypothesized to help equalize economic opportunities for the world's poor. We empirically investigate the “flat-world” hypothesis, the idea that globalization eventually leads to economic equality, using crowdfinancing data for over 660000 loans in 220 nations and territories made
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Frauds cost ₹18170 cr to banking sector in FY17: Report

The domestic banking sector reported a total of 12,553 fraud cases worth ₹ 18,170 crore in fiscal 2016-17, with state-run Bank of Maharashtra registering the highest number of such cases, says a report. While Bank of Maharashtra reported 3,893 cases of fraud, private sector lender ICICI Bank came a
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US to Seek Social Media Details From All Visa Applicants

Washington (AP) — The State Department wants to require all U.S. visa applicants to submit their social media usernames, previous email addresses and phone numbers, vastly expanding the Trump administration's enhanced vetting of potential immigrants and visitors. In documents to be published in
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Don't Place Too Much Trust in the S&P's 200-Day Average, Says One Money Manager

For a second time this year, the S&P 500 Index managed to stay above a widely watched trend line: its average price over the previous 200 days. So is it time to celebrate the end of the two-month tumult in the stock market? Nope, warns Michael Shaoul, chief executive officer of Marketfield Asset
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Current Mortgage Rates Stay Down on Thursday

Mortgage rates are on track to finish out the short trading week (markets closed for Good Friday). This is great news for anyone looking to buy a home or refinance they current mortgage. It only takes a few minutes online or a quick phone call to get started. Read on for more details.
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US subprime mortgage bonds are making a quiet comeback

Are U.S. subprime mortgage securities making a comeback? The issuance of bonds backed by home loans too risky to qualify for Fannie Mae or Freddie Mac's quasi-insurance almost doubled year-over-year in the first quarter of 2018, to $1.3 billion from $666 million. Matt Nichols, who heads the North
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Under Armour Says 150 Million MyFitnessPal Accounts Were Hacked

The Under Armour logo is displayed on the new Stephen Curry basketball shoe in San Rafael, Calif. Photograph by Justin Sullivan—Getty Images. By Bloomberg. 5:11 PM EDT. Under Armour Inc., joining a growing list of corporate victims of hacker attacks, said about 150 million user accounts for its
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Wells Fargo promotes Perry Hilzendeger to lead retail mortgage lending efforts

Wells Fargo promotes Perry Hilzendeger to lead retail mortgage lending efforts

The bank announced Thursday that it is naming Perry Hilzendeger as the company's head of home lending retail, a newly created role. As head of home lending retails, Hilzendeger will oversee approximately 15,000 retail production team members in mortgage and home equity sales, underwriting,
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Why Microsoft CEO Satya Nadella Is Tearing Up the Windows Business

Microsoft CEO Satya Nadella has no easy task steering the company well past the era of its personal computing dominance, through the current cloud and mobile-oriented period and into the AI and possibly VR driven future. On Thursday, Nadella unveiled his latest overhaul of Microsoft's organizational
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Review: On New LPs From the Voidz and Albert Hammond Jr., Two Strokes Go Their Own Way

Julian Casablancas stepped away from the Strokes with a fully loaded scattergun of musical ideas and an itchy trigger finger. With his main band settled into a modest middle age – he's made no bones about his boredom with it, though he remains the frontman – Casablancas approaches his new
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Brinker International, Inc. (EAT) Given Consensus Rating of “Hold” by Brokerages

Brinker International, Inc. (NYSE:EAT) has been given a consensus rating of “Hold” by the eighteen research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating on the
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Brit Facebook users in line for 'compo fortune' over data scandal

Brit Facebook users in line for 'compo fortune' over data scandal. MILLIONS of people could be in line for a £12,500 compo payout from Facebook over a data-harvesting scandal.
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'Warning bell' needed on higher risk lending practices

A warning bell needs to be rung in the property market as private lenders and foreign investors start making increasingly risky loans as they seek a higher return, according to Dave Pinnington. The Finance 4 Business head of intermediary relations noted that UK property was still seen as a very
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FHFA still eyeing 2019 for implementation of new credit score model

WASHINGTON — Anyone hoping that the Federal Housing Finance Agency will suddenly accelerate the introduction of a new credit score model was likely disappointed by the release of a report Thursday. The annual progress report on the Fannie Mae and Freddie Mac conservatorships reiterated the
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Feb bank lending rises after dip in Jan

Bank lending in Singapore last month rose by 3.7 per cent from $627.43 billion compared with a year ago, preliminary data from the Monetary Authority of Singapore showed yesterday. OCBC Bank's head of treasury research and strategy Selena Ling noted that this was the slowest growth pace since
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US leveraged lending sags, high-grade rises in Q1

NEW YORK, March 29 (LPC) – US syndicated lending in this year's first three months was the lowest of any quarter since the one ending September 2016, after setting record issuance for all of 2017, with leveraged loans to highly indebted borrowers sagging while loans arranged for top quality
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US leveraged lending sags, high-grade rises in first quarter

NEW YORK (LPC) – US syndicated lending in this year's first three months was the lowest of any quarter since the one ending September 2016, after setting record issuance for all of 2017, with leveraged loans to highly indebted borrowers sagging while loans arranged for top quality companies climbed.
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Bronfman EL Rothschild LP Has $1.97 Million Position in Honeywell International Inc. (NYSE:HON)

Vantage Investment Advisors LLC raised its stake in shares of Honeywell International by 4.2% during the 2nd quarter. Vantage Investment Advisors LLC now owns 60,005 shares of the conglomerate's stock worth $7,998,000 after buying an additional 2,391 shares during the last quarter. GenWealth
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This app wants to bring banking to the unbanked – Honolulu, Hawaii news, sports & weather – KITV …

SAN FRANCISCO (CNNMoney) — Growing up in Terry, Mississippi, Sheena Allen didn't spend much time in banks. The small town, located 17-miles south of Jackson, only had one bank branch (and still does). Much of the community got by without ever having accounts, including Allen's grandmother
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Hot trends, cool digs: Companies see more engaged, happy workers with modern office space

But this wasn't just about getting the company's real estate department and corporate parent in the Netherlands to coordinate on what options would save the most money. Rather, employee input was a big part of the project planning and design. “The team helped decide final meeting room names, the
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What Reverse Mortgage Lenders Can Learn from HELOC Borrowers

Home equity lending is expected to boom in the coming years, and a recent survey from a leading consumer satisfaction company offers a window into what tomorrow's borrowers may want from their lenders. Almost two-thirds of borrowers with a home equity line of credit (HELOC) expressed concerns
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Track P/E Before Buying A Stock – Johnson Controls International plc (NYSE: JCI)

U.S. equity benchmarks finished lower for a second straight session on Wednesday as a withering decline among last year's most-prominent stock performers assisted to unsettle Wall Street sentiment. Trading was unusually choppy, with the Dow switching in and out of positive territory 29 times and the
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Target, Aldi, Big Lots eyeing Toys R Us real estate

Among the bidders for the properties are some major retailers, including Target (which is bidding on a store in Florida), Big Lots (which is bidding on five properties), Ashley Furniture, Aldi and Shoe Station, as well as other retailers and several real estate companies. The bankrupt toy retailer is in the
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Houston Area Real Estate: Building Your Own Home

HOUSTON, TX — The real estate market in the Houston area has been robust and active since 2011, and that has led to a high demand for land for commercial and residential development. That demand … a fair price. Here is a listing of waterfront properties in the Greater Houston area from realtor.com.
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Photo Recap: D CEO's 2018 Commercial Real Estate Awards

D CEO was honored to recognize nearly 70 real estate leaders at our 2018 Commercial Real Estate Awards program on March 28. The exclusive event, held at Gilley's Dallas, attracted about 500 industry all-stars and executives from Dallas-Fort Worth's leading property companies. Congratulations to
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Oceanfront Malibu Estate for $49.5M Is This Week's Most Expensive Listing

A brand-new estate in Malibu, CA, is willing to make your acquaintance for $49.5 million. This week's most expensive listing on realtor.com®, it's also the site of a home formerly owned by “Friends” co-creator Marta Kauffman, according to the Real Deal. … It's now back on the market with a reduced price.
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How the role of packagers is changing in specialist lending

With this changing landscape of growing regulatory and product complexity, Specialist Lending Solutions asked about the evolving role of master brokers and packagers in specialist arenas. Dale Jannels (pictured), All Types of Mortgages (AToM) managing director said the increasingly specialised
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Beware of Economists Crying 'Entitlement Explosion'

Beware of Economists Crying 'Entitlement Explosion'

Now, if you see the world like economist Stephanie Kelton, who made her debut as a Bloomberg View contributor earlier this month and believes that the U.S. can easily manage a growing debt burden, none of this is a problem. But the Hoover Five clearly do consider rising deficits to be an economic
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Podcast: The Community Bank Mortgage Business Model

On the latest episode of the ABA Banking Journal Podcast, sponsored by Windstream Enterprise, community bank CEO Luanne Cundiff discusses the current state of the mortgage market and how recent regulations are affecting it. From the customer point of view, “you have to set the expectations up
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Tech sell-off is a buying opportunity, says Carin Pai

Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video,
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Banking sentiment improves in Poland: study

The Pengab index, which measures banking sentiment in the country, rose by 7.3 points to 29.6 points in March, the Polish Bank Association (ZBP) and market researcher Kantar TNS said in a joint report on Thursday. “Both businesses and private individuals have been more active on the deposit
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These housing markets are going to the dogs, in a good way

Good schools, a convenient commute, low taxes … the list of things home buyers want in a community are fairly familiar. But there's another feature that real-estate agents and the buyers and sellers they serve may start to consider just as critical. Thanks to the annual Dog Park Rankings from the Trust for
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McDermott Enhances Real Estate Finance Capabilities with Arrival of Group in New York

Joining Jeffrey is partner Scott Weinberg who brings in-depth experience in all areas of real estate investment and financing transactions. He has represented both foreign and domestic institutional clients in highly complex mortgage and mezzanine loan transactions, as well as large acquisitions and
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California Dreamin': Voters' Decision Could Free Up More Homes for Sale

This could encourage older sellers to put their family homes on the market, easing the increasingly severe housing crisis, say real estate professionals. The California Association of Realtors®, which is spearheading the initiative, collected nearly 1 million signatures to ensure that the proposal makes the
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FHFA Releases Fannie, Freddie Progress Report

The Federal Housing Finance Agency today released a progress report on its goals for Fannie Mae and Freddie Mac while the GSEs are in federal conservatorship. The report covers FHFA's goals for the GSEs to maintain access to credit and help prevent foreclosures, reduce credit risk and build a
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Fintech Simplifies Global Banking With World Bank Account

A new fintech, with backing from Spanish bank BBVA, plans to achieve something that others have tried and failed to do: simplify global payments. Denizen claims to have created an international banking platform that enables customers to receive funds in one country and immediately release them to
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Coal mine sale thaws Grande Cache real estate market

Theresa Deveaux says the Grande Cache real estate market last summer hit the lowest point she has seen in her 30-year career as a broker. (Zoe Todd/CBC). The Grande Cache real estate market hit its lowest point last summer, Deveaux said. At its worst, at least two homes foreclosed every week.
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STB Commercial Finance doubles lending balances

“Doubling our lending balances two years in a row is a massive achievement, and is indicative of how far we have come as a lender,” said John Bevan, managing director at Secure Trust Bank Commercial Finance (pictured above). “We're now on our way to another significant milestone, having almost
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Canadian pension fund CDPQ backs Nilekani-Aggarwal's mid-market fund

As at December 31, 2017, it held CAD 298.5 billion ($238.2 billion) in net assets. As one of Canada's leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit cdpq.com, follow us on Twitter
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Tesla's Push to Prove the Haters Wrong Only Proves Them Right

Over the longer term, such short-term resource shifting to hit one-off goals is a recipe for inefficiency (read this splendid critique of Tesla's manufacturing approach by Bloomberg View's Edward Niedermeyer). Tesla's current problem is a simple one to define: It has built a footprint, market cap and balance
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Is the worst over for falling single family home prices in the GTA? This economist says yes

After reaching record heights in the spring of 2017, prices have cooled considerably for the once red-hot GTA single family housing market. How much? Well, in February prices were down 12.4 per cent year-over-year, falling from $876,363 to $767,818. The Toronto Real Estate Board credits the Ontario
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I Tried 6 Online Investing Platforms, Here's How I Did

For the most part, the trends for all the robo advisors were all similar. When the S&P500 takes a dip, so do the others. When it goes up, the others increase as well. The exception is Fundrise, because its investments are in real estate, not the stock market. The monthly ups and downs don't impact them in
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Lawsuit Against Trump's DACA Policy Can Proceed, Judge Says

President Donald Trump must defend a lawsuit targeting his plan to end a program offering protection from deportation for hundreds of thousands of children of undocumented immigrants after a federal judge said there was a “plausible inference” that it was illegally aimed at Mexicans. U.S District Judge
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The Ancient History of Bitcoin

A romantic view persists in some circles that cryptocurrencies are the vanguard of a new era in which governments become less and less important. Legislatures? Unnecessary. Courts? Why bother with them when every contract can be indelibly recorded on the blockchain, the digital ledger that makes
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Russia Says It Will Expel 60 US Diplomats in Retaliation for Trump's Move

Russia said it's expelling 60 U.S. diplomats and closing the American consulate in St. Petersburg and will retaliate in kind to other countries that ousted its envoys after the poisoning of a former Russian double agent in England. Russian Foreign Minister Sergei Lavrov said the measures against the U.S.
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Into Homes and Like Real Estate? Become an Agent

Sure, real estate is one of the easiest businesses in the country to get licensed in. … But for those who really love real estate and are ready to do what it takes to become a success in the field, the eventual reward can be a relatively … For an aspiring real estate broker, the first step is getting licensed.
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Baidu's iQiyi Drops in Trading Debut After Raising $2.3 Billion

Shares in iQiyi Inc., a Chinese Netflix-style video streaming service controlled by search giant Baidu Inc., fell slightly in their trading debut after the company raised $2.25 billion in a U.S. initial public offering. The stock opened at $18.20 in New York on Thursday. Beijing-based iQiyi sold 125 million U.S.
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Impact of financial services Royal Commission already being felt

Impact of financial services Royal Commission already being felt

He has uncovered dreadful lending practices by banks and mortgage brokers. The worst was NAB employees in Greater Western Sydney accepting cash bribes over the counter to facilitate loans they knew were based on fake documents. The fraud and bribery came with the manipulation of a mortgage
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DocMagic's eVault Technology to be Utilized by Deutsche Bank

Of note is that DocMagic has been at the forefront of developing award-winning technology that facilitates a complete eMortgage solution for the entire supply chain that fully supports an end-to-end, completely paperless digital mortgage process. This includes from the point-of-sale through eClosing,
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Need a souvenir? Phoenix airport now sells Arizona beer, wine and spirits to go

Duty-free shops are the only other places to buy alcohol at Sky Harbor (there are two, in Terminal 4) but only travelers on international flights can buy booze … Visitors to OHSO Brewery in Terminal 2 at Phoenix Sky Harbor International Airport can take a growler of beer or a spirits sampler pack to go.
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Churches step up their real estate game

According to a new report from Cushman & Wakefield, 209 real estate transactions were completed within the non-profit and public sector — up from 203 the year before — representing nearly 8.2 million square feet, a 28 percent jump on 2016's historic high. 2017 saw a total of 80 sales in the sector,
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Five Takeaways from iGlobal Forum's 18th Real Estate Private Equity Summit

At the 18th Real Estate Private Equity Summit, hosted by iGlobal Forum, there appeared to be a sense that this real estate cycle may be ending—if not soon, then in the somewhat near future. Still, there is a lot of private money out there looking for investment opportunities, and many panelists detailed
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UPDATE 2-China's top lenders take home bigger profits, upbeat on 2018

SHANGHAI, March 29 (Reuters) – China's top five lenders have raked in bigger annual profits and expect business conditions to continue improving this year, as Beijing's crackdown on shadow financing and high leverage makes core banking more profitable. The strong performance by the country's
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Saudi Prince Meets New York Rabbis in Rare Interfaith Gesture

Saudi Crown Prince Mohammed Bin Salman met a group of religious leaders in New York, including two rabbis, a rare interfaith gesture for the de facto ruler of the conservative Islamic kingdom that allows negligible religious freedoms. The 32-year-old heir to the throne, currently on a three-week tour of
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I'm a Congressman and a Veteran. Trump's Transgender Military Ban Isn't Just Unconstitutional …

Rep. Ted Lieu of California in his office. Lieu is highly critical of Donald Trump's transgender military ban. Tom Williams/CQ Roll Call. By Ted Lieu. 3:12 PM EDT. I initially viewed President Donald Trump's July tweet suggesting we ban transgender military personnel as unimaginably idiotic. I figured
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House-Flipper Opendoor Raising Funds at $2 Billion Valuation

The company makes more money the faster it can buy and sell homes. It now also makes money by offering title insurance services and helping to secure mortgages. A key risk, these people say, is if the housing market cools, which is a growing concern as the Federal Reserve lifts borrowing costs.
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Accomplices in embezzling non-banking firms sentenced

The Supreme Court issued prison sentences on March 28 for two key figures responsible for the bankruptcy of the non-banking companies Horizont Slovakia and BMG Invest in the early 2000s. Dávid Brtva received a nine-year jail sentence, while Patrik Pachinger was sent to prison for seven years.
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Wilbur Ross Says Investors Are 'Too Hysterical' About US Trade Policy

“I would recommend that investors act rationally, and by that I mean judge this administration by the actual performance that it creates,” Ross said Thursday in an interview with Bloomberg Television's Julia Chatterley. “Don't judge it by some sort of hallucination about some sort of bogeyman out there
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Tim Paine rides wheel of fortune in the wake of ball-tampering scandal

It was not long ago that Australia wicketkeeper Tim Paine was considering giving up the game entirely. Now he is set to captain the team as they look to pick up the pieces following the ball-tampering scandal. Paine was a surprise, and in some quarters unpopular, pick for the Ashes against England four
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Mike Brown recharges after Six Nations 'disappointment' by lending a hand at Dubai College …

Mike Brown recharges after Six Nations 'disappointment' by lending a hand at Dubai College coaching course. England player passed on his knowledge to the youngsters and is keen to get more involved in the future.
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FHFA: Here are 10 things the GSEs did to improve access to credit in 2017

As part of the 2014 Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac, the companies have three requirements they must meet each … Back in May, Freddie Mac updated its automated underwriting system to process applications from borrowers who don't have credit scores, or the
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Former Maryland senator pleads guilty to fraud charges

Nathanial Oaks, a 71-year-old Baltimore Democrat, entered guilty pleas to one count of wire fraud and one count of honest services fraud, hours after he … letterhead in 2016 that contained false and fraudulent representations to a person he believed to be a U.S. Housing and Urban Development official.
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Barclays to Pay $2B to Settle RMBS Case

Barclays Capital Inc. has agreed to a $2 billion settlement of federal charges related to the company's underwriting and issuance of residential mortgage-backed securities (RMBS) between 2005 and 2007. The civil action, which was filed in 2016, capped a three-year investigation by the federal
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China, Hong Kong stocks little changed as investors watch trade spat development

The largest percentage losers in the Shanghai index were China International Travel Service Corp Ltd down 7.01 percent, followed by Sanan Optoelectronics Co Ltd losing 6.41 percent and Wuhan DDMC Culture Co Ltd down by 6.27 percent. ** The top gainers among H-shares were China Telecom
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Barclays to pay $2 billion to settle mortgage fraud suit

The department said the firm misled investors about the quality of the mortgage loans backing those deals and committed violations of mail fraud and bank fraud. According to the Justice Department's statement, Barclays disputes the allegations. The settlement resolves the British bank's largest
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Deutsche Trims Corporate Banking Business

Deutsche is looking to control costs and streamline its business, reports noted, though the financial institution noted it will continue to serve its customers in Portugal via its Corporate & Investment Banking unit. ABANCA, based in Spain, focuses on small- and medium-sized business banking services in
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Accounting for China's real estate boom

The mania in China's property market has implications far beyond its borders. The prolonged boom, and the glut of demand it generates, has been crucial in supporting commodity exporting economies, such as Brazil and Australia, in the post financial crisis era. In 2016, according to the FT, property
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As interest rates continue to rise, money-center banks may become dominant choice for LOs

As interest rates continue to rise, money-center banks may become dominant choice for LOs

Over the last 3 to 4 years, mortgage news and commentators have featured the rise of nonbank lenders. While the business results have been positive, rising interest rates and cost of funds is going to be a real test. As rates continue to rise, money-center banks may again become the dominant choice for
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Polish bank begins using a blockchain-based document management system

A blockchain company called Coinfirm has announced a partnership with PKO BP, a major Polish bank, to provide blockchain-based document verification using a tool called Trudatum. The project is a an actual implementation of one of the primary benefits of blockchain-based tools, namely its ability to
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Featured Industry Leader: Ray Williams, President, Mortgage Bankers Association of Alabama

Ray Williams is Vice President of Business Development at MortgageBanc, a branch of Fairway Independent Mortgage in Birmingham, Ala., and current President of the Mortgage Bankers Association of Alabama (MBAA). National Mortgage Professional Magazine recently spoke with Williams about his
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Retailers Pounce On Toys 'R' Us Real Estate When There's No Need To Rush

The headlines surfacing the past day or two that several big national retailers are licking their lips over upcoming Toys “R” Us vacant store locations seems more like a carnival huckster's pitch than actual real estate news. The seeming feeding frenzy would suggest that the retail landscape is packed
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Ipswich Building Society's AGM hears of successful year for mortgage lending

Ipswich Building Society's AGM hears of successful year for mortgage lending. PUBLISHED: 12:25 29 March 2018 | UPDATED: 12:25 29 March 2018. Duncan Brodie. The audience at Ipswich Building Society's annual general meeting, held at Trinity Park, Ipswich. Picture: James Fletcher. Archant
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Albany International Corp. (NYSE:AIN) Shares Bought by Wells Fargo & Company MN

First Trust Advisors LP raised its stake in shares of Albany International by 197.0% in the fourth quarter. First Trust Advisors LP now owns 39,952 shares of the textile maker's stock worth $2,455,000 after buying an additional 26,502 shares during the period. Sei Investments Co. raised its stake in shares
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Banks and Post Office set out action plan to raise awareness of banking services

A comprehensive Action Plan is launched today by the finance industry and the Post Office to raise awareness of banking services available at Post Office branches amongst local communities with lower bank branch coverage. The five-point plan will promote awareness of the day-to-day banking
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Commentary: These Are the Groups Most Likely to Stop Participating in the US Census

The U.S. decennial census is a hallowed institution that lies at the heart of our democracy. It is a giant civic engagement project that allows people to proclaim that they are residents of this great land and, by virtue of the Constitution, which mandates it, ensures that they will be fairly represented in
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Senators Want Marijuana Banking Hearing

A bipartisan group of seven U.S. senators is pushing leadership to hold a hearing on legislation that would allow marijuana businesses to store their profits in banks. “In an industry conducting hundreds of millions of dollars in transactions, the lack of access to financial services has forced many to
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The Long Island Foreclosure Epidemic

These sub-prime loans did not comply with the standards of Freddie Mac and Fannie Mae and carried a very high interest rate. Sub-prime loans locked borrowers into mortgages that they would not be able to afford. However, in 2009 and commencing on Jan. 14, 2010, these new consumer protections
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Mortgage Rates, Loan Defect Levels Remain Steady

Separately, the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage applications during February remained the same compared with the previous month, according to the latest First American Loan Application Defect Index. On a year-over-year basis, the
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Frauds cost Rs 18170 crore to banking sector in FY17: Report

MUMBAI: The domestic banking sector reported a total of 12,553 fraud cases worth Rs 18,170 crore in fiscal 2016-17, with state-run Bank of … In terms of the quantum, Punjab National Bank (PNB) had reported the highest amount of frauds at Rs 2,810 crore in the last financial year, followed by Bank of
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Saxo Bank welcomes ESMA margin trading measures

Saxo Bank has welcomed the European Securities and Markets Authority's (ESMAs) recently announced measures in relation to the provision of contracts for difference (CFDs) to retail clients. The measures referred to include caps on leverage, which Saxo Bank said it considers fair and proportionate.
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You want to fire your real estate agent. Can you do that?

What can you do if your Realtor doesn't return calls or pushes you to buy a “fixer-upper” that looks like the house from Psycho? As much as you'd like to channel your inner Donald Trump and yell, “You're fired!” it's not quite that simple. However, it is possible to fire your real estate agent — just remember
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Pilots from American Airlines and Learjet Spotted a UFO over Arizona in February

A UFO variety was photographed when it hovered for fifteen minutes near Holloman Air Development Center in New Mexico. Bettmann Archive. By Grace Donnelly. 2:32 PM EDT. Two commercial pilots saw an unidentified object fly over them in airspace above Arizona last month, according to Federal
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Marvel Just Unveiled a New Fantastic Four Series

The continuation will include Mr. Fantastic, Invisible Woman, Human Torch, and The Thing as part of the current Two-in-One series, Comicbook reports. Marvel has hired Dan Scott and Sara Pichelli for the comic book project, with new books featuring the group expected out each month starting in August
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Private Banking Industry Improved Customer Satisfaction Levels by 10% – a Case Study on Market

LONDON–(BUSINESS WIRE)–Mar 29, 2018–Infiniti Research, a global competitive intelligence solutions provider, has announced the completion of their new customer segmentation study on the private banking industry. A renowned private banking firm wanted to provide an omnichannel marketing
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Affordability is Declining and is Likely to Get Worse

Their calculations presumed a 3 percent down payment, the minimum available from FHA and less than required by Fannie Mae and Freddie Mac, and a 28 percent maximum debt-to-income ratio on the “front end,” that is required monthly payment on debt before adding the house payment factor.
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Malaysia's central bank foiled attempts at unauthorised fund transfers

[KUALA LUMPUR] Malaysia's central bank said on Thursday it had detected and foiled a cybersecurity incident involving attempted unauthorised fund transfers using falsified SWIFT messages. Bank Negara Malaysia did not suffer any financial loss in the incident, which occurred on Tuesday, the central
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Markets Right Now: Banks, tech lead early stock gains

FILE – This July 6, 2015, file photo shows a sign for Wall Street carved into the side of a building in New York. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, March 29, 2018. (AP Photo/Mark Lennihan, File). Facebook · Twitter · Email; Print; Save
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