Canada's gross domestic product unexpectedly shrank in January, as the economy faces a broad slowdown after surging last year. Gross domestic product contracted 0.1 percent during the month, Statistics Canada reported Thursday in Ottawa, weighed down by sharp drops in oil production and real
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Barclays has agreed to pay $2 billion for allegedly causing billions of dollars of losses to investors by engaging in a fraudulent scheme to sell residential mortgage-backed securities between 2005 and 2007, the U.S. Justice Department said on March 29. The department said the firm misled investors
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Clearstream International SA hasn't processed new Russian debt sales since 2013. The 2016 sale went ahead anyway and most foreign investors bought the bond when Euroclear accepted it two months later. Both clearing houses declined to comment on whether they would respond to pressure from
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Allen, a 29-year-old app developer, hadn't given much thought to the issues associated with not having a bank account until she came home for the holidays in 2015. She noticed how the people who still rely on non-traditional banking lose money on interest and fees for cashing checks, reloading
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The male-female pay gap at England's Premier League soccer clubs is even bigger than the disparity at banks HSBC Holdings Plc and Goldman Sachs Group Inc. Southampton Football Club, the first of England's elite teams to report, said women receive hourly pay that's 84 percent below the level of
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Tesla will suspend Model S and Model X production Thursday and Friday because it's ahead of target on building those this quarter, Peter Hochholdinger, vice president of production, wrote to employees in a March 21 email obtained by Bloomberg News. An unspecified “limited number” of workers who
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Israel wants to recruit 100,000 volunteers over five years for a research project that it hopes will turn it into a global leader in digital health care. The $275 million initiative, announced Sunday, will launch in the fourth quarter of this year, said Eli Groner, director general of Prime Minister Benjamin
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Republicans are presiding over an escalation in U.S. indebtedness after years of railing against widening deficits under Democrats. The GOP's biggest legislative achievement since President Donald Trump took office was a massive tax cut that congressional scorekeepers expect will add more than $1
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“Like many of our clients, the borrower took advantage of higher yields and lower interest rates to refinance their Freddie Mac debt. The loan was secured by a 247-unit multifamily property in Maryland. The borrower was very pleased with Waterstone's service and worked with us on their next transaction
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New York, NY, March 29, 2018 (GLOBE NEWSWIRE) — Zion Market Research has published a new report titled “Digitization in Lending Market by Loan Type (Personal Loans, Auto Loans, and Business Loans); by Deployment (On Computer and On Smart Phone): Global Industry Analysis, Size, Share,
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A California judge denied adult film actress Stormy Daniels's request to have President Donald Trump questioned under oath as well as her bid for a speedy trial to void a $130,000 settlement, saying it's too soon to address these issues. Michael Avenatti, a lawyer for the actress whose legal name is
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First Donald Trump was “ obsessed” with regulating Amazon.com. Then the U.S. president had “no plans” to change policy toward the e-commerce behemoth. Finally there was the tweet. The back-and-forth whipsawed Amazon shares and sent the stock's equivalent of the Cboe Volatility Index surging to
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Web 2.0, a.k.a social media, a.k.a “the current state of the Internet” (credit: Gary Vaynerchuk) has won the war. In fact, it won a couple of years ago. Why are we talking about this? Because I am tired of Loan Officers and Agents asking me for statistics, net ROI, or any other transactional measurement that
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Mortgage lender HF Group has today announced pretax profit of Shs 311 million for the year ending December 31st 2017 down from Shs 1.3 billion in 2016 representing a decline of 77%. The company had in January this year issued a warning regarding a possible decline in its profit for the period
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Many first-time buyers are entering the condo market because they can't afford a single-family dwelling. At the same time, lots of emptynesters and retired folks are swapping their larger houses for condos in walkable neighbourhoods. Andre Kutyan of Harvey Kalles Real Estate Ltd. is working with
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Amazon has been in discussions with banks to create a product aimed at teens and other younger users who don't have their own credit cards, or an interest in applying for one, according to a new report from Bloomberg. The company reportedly has held early stage talks with banks including JP Morgan
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Cricket: Paine rides wheel of fortune in the wake of tampering scandal. Nick Said. 4 Min Read. JOHANNESBURG (Reuters) – 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
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Hawaii commercial real estate firm Standard Commercial LLC has formed a new property management subsidiary and has added two new people to its staff, as well as two buildings to its portfolio. Standard Management LLC is the newly formed property management arm of Standard Commercial LLC,
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Roseanne Barr returned to television Tuesday evening to high ratings, so high in fact that they caught President Donald Trump's attention. Trump, who has made no secret about his obsession with TV ratings, was allegedly “enthralled by the 'huge' ratings Roseanne had received,” says The New York
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Belanger also takes a global view in pondering the future of Belt-Tech, which employs about 200 people about 50 miles east of Montreal. For now, he provides nearly a third of the webbing used in cars and trucks in North American. His next priority is to expand the firm's reach through a tie-up with a
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Snap Inc. is cutting another set of employees, focusing this time on the advertising side of the business after earlier trimming staff in engineering and content. The cuts total around 100 workers, according to people familiar with the matter, and represent the final step in a restructuring process set in motion
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The yield on the 10-year U.S. government bond continues to defy conventional market views. Instead of marching up to 3 percent, if not higher, as many expected, it fell this week to below 2.80 percent, its lowest level in almost two months. The reasons matter for a wide range of markets, as well as for
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The DOJ wanted a fine of about $5 billion, but the bank refused to pay any more than $2 billion, Bloomberg news reported in 2016. … Litigation settlements and fines — including punishments for rigging interest rates and currency markets and bilking U.K. customers on insurance they didn't need — have
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“That's just too much money to just put up into a [landlord's] savings account,” says Catanzariti, 26, who is trying to bank some savings to help pay for his upcoming wedding. “I basically called up my broker, and I was telling him, 'let's find someplace new.'” Instead, his real estate broker and the building's
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This article first appeared in Data Sheet, Fortune's daily newsletter on the top tech news. Sign up here. Shyp, a company that probably never should have been, ceased to be on Tuesday. It charged consumers $5 to pick up and deliver pretty much anything, a business proposition permanently tilted
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Bank of Ireland is warning its customers to watch out for a clever scam currently doing the rounds. A number of people have reported that they have received calls from a person claiming to be with the bank. BOI have said however, that they never ask customers to give private information such as
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But after seeing community lending in practice throughout her work in East Asia and Africa, Gilliam wondered what would happen if she combined these traditional practices with new financial technology. It all started when Gilliam was working in the visa department at the embassy in South Korea.
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Send commercial real estate transactions to transactions@busjrnl.com. A compilation for the last 12 months is … Check out which companies are on the move via these new commercial real estate leases and sales in San Francisco North Bay counties of Sonoma and Marin. LEASES: square footage at
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Transportation technologies did not alter just the size of the real estate markets, but also the structure by influencing the spatial distribution of prices and rents for housing and commercial real estate. Commercial real estate in and around downtown areas is much more expensive than property on the
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Starbucks opened a location in Yosemite National Park on March 16, despite a petition to block it. Matthew Micah Wright Getty Images/Lonely Planet Images. By Grace Donnelly. 12:06 PM EDT. In most U.S. cities, a Starbucks is never too far away, and now even in the middle of a redwood forest there's a
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On Monday, March 26, Grand Valley State University alumna and investigative reporter for the Indianapolis Star Marisa Kwiatkowski returned to campus to deliver two separate talks about her part in breaking the USA Gymnastics/Larry Nassar story. The first talk, held in the Linn Maxwell Keller Black Box
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BLUE BELL, Pa., March 29, 2018 /PRNewswire/ — New research from Unisys Corporation (NYSE: UIS) finds that many retail banks are struggling to keep pace with digital transformation, in particular as it relates to enabling customers to bank conveniently across whatever channel they use, be it mobile,
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The British bank denied misleading investors about the quality of the mortgage loans backing the instruments and allegations it committed mail fraud and bank fraud. The settlement, described by Barclays Chief Executive Jes Staley as “fair and proportionate”, resolves the bank's largest outstanding legal
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“The actions of Barclays and the two individual defendants resulted in enormous losses to the investors who purchased the Residential Mortgage-Backed Securities backed by defective loans,” stated FHFA-OIG Inspector General Wertheimer. “Today's settlement holds accountable those who waste, steal
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“And this is facilitated by the state government, which chooses which company gets the right to enter into the joint venture in state-planned communal title land.” She said another main concern about the state-planned communal title land is that the titles allow for villagers to be excluded from their own
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Bloomberg News. Underwriting remains conservative, and supply and demand for houses is the biggest influencer on the market, especially when it comes to rising values. That is … The mortgage industry needs to have “all hands on deck” to push the MBA's views on housing finance reform, he said.
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The DoJ alleged that Barclays caused billions of dollars in losses to investors by engaging in a “fraudulent scheme” to sell 36 RMBS deals, and that it misled investors about the quality of the mortgage loans backing those deals. It alleged violations of the Financial Institutions Reform, Recovery, and
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“Rising mortgage rates, and the prospect of them going up more, is pulling people off the sidelines into the market for home purchase now. … They are productivity (a combination of skilled labor and skilled management of value creation) and real estate acumen (a combination of land buying and the
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Once again, we would like to extend our personal thanks for your support of this title and our company, and hope that you continue to look forward to its Nintendo Switch and PS Vita digital releases on Friday. Please note that this occurrence was isolated to the United Kingdom, and will not impact the
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After a three-year investigation, the US alleged that Barclays caused billions of dollars in losses to investors by engaging in a fraudulent scheme to sell 36 RMBS deals, and that it misled investors about the quality of the mortgage loans backing those deals. The US said the bank had “systematically and
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Mortgage rates dipped for the second time in three weeks as investors began selling off stocks and buying bonds. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average slipped to 4.44 percent with an average 0.5 point. (Points are fees paid to a lender equal to 1
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LONDON — The London housing market is being blighted by “an ever more widespread frost,” as the city's previously buoyant property prices continue to stutter, the latest data from Nationwide showed.
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“Treasury yields fell from a week ago helping to drive mortgage rates modestly lower,” said Len Kiefer, Freddie Mac deputy chief economist. “The yield on the 10-year Treasury dipped below 2.8% for the first time since early February of this year. The decline in Treasury yields comes as investors move
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LAKE MARY, FL (March 29, 2018) — From developing predictive models to interpreting data, UCF graduate students had the chance to put their data analytics skills to the test, as CFE Federal Credit Union launched its inaugural Lending Analytics Competition. From October 2017 to January 2018, teams
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Scotland's housing market can expect another relatively strong year ahead, with demand continuing to outstrip supply, according to Scottish property firm Rettie & Co. “The housing market in Scotland had a reasonably strong 2017 and the start of 2018 looks like a continuation of this trend,” said Dr John
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Senate Banking Committee Chairman Mike Crapo, an Idaho Republican, got the support of 17 Democrats–over one-third of party members in the Senate–to join Republicans in cutting some of the only meager reforms on the financial sector created in the wake of the Great Recession a decade ago.
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India's second largest private bank came out in full support of its chief executive Chanda Kochhar, rubbishing reports of wrongdoing in loans given to debt-laden Videocon. In Kochhar's defence, chairman MK Sharma said large loans are approved by board's credit committee, and Kochhar was not head
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14813 Saddle Horn Drive, Perrysburg, residential, from Buckeye Real Estate Group LLC, to Edgar Moron and Julieta Velasco, $314,900. • 0 and 306 N. Garfield St., Bloomdale, 2 parcels, residential, from Darrell Wolfe by Wood County Sheriff, to Rickey and Danielle Rosendale, $65,000. • 822 Touraine
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LONDON (Reuters) – The Bank of England released the following data for mortgage lending, consumer credit and M4 money supply (previous data in brackets) on Thursday. FORECAST. Total lending 5.365 4.761 (4.746). Secured on dwellings 3.718 3.433 (3.389) 3.5. Consumer credit 1.647 1.328
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Fintech has always been a disruptive force, but since about 2016, it's also been seen as a major force for promoting green living. Almost from the beginning, fintech and green finance proved to be a powerful combination. The main reason for this is because fintech makes it easier for companies to
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Barclays has agreed to pay $2bn (£1.4 billion) in civil penalties to settle claims over the sale of mortgage-backed securities in the lead up to the financial crisis, the US Department of Justice has said. It relates to Barclays' underwriting and issuance of residential mortgage-backed securities (RMBS)
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This is the web version of Data Sheet, Fortune's daily newsletter on the top tech news. To get it delivered daily to your in-box, sign up here. Shyp, a company that probably never should have been, ceased to be on Tuesday. It charged consumers $5 to pick up and deliver pretty much anything, a business
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Homeowners Financial Group (HFG), a Scottsdale-based mortgage company founded in 2004, was recognized as one of the 2018 Best Workplaces in Financial Services and Insurance by Fortune magazine and Great Place to Work. HFG, No. 2 in medium and small companies, is the only
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The Bank of Montreal has begun blocking cryptocurrency transactions on its credit and debit cards, according to an affected customer who posted a letter from the bank on Reddit. The letter says that the decision was made “to protect the security of our clients and the bank” from the “volatile nature of
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Good morning, Broadsheet readers! A top Morgan Stanley financial adviser is accused of a pattern of domestic abuse, the VC world gets just a little less male, and we meet the female founders of color who are defying the stats. Have a fantastic Thursday.
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Tanzania is one of the fastest-growing countries in Africa, with a GDP growth average of 6-7 per cent over the past decade. However, the mortgage market does not meet the demand of the population that can afford mortgage financing. It has been projected that Tanzania will be the 4thmost populous
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Global companies, with presence in both India and Malaysia, such as Unilever, Danone and Nestle are the most likely ones to fight for the brand. ITC, which is looking at a bigger presence in dairy, is the only Indian company that could look at buying Horlicks for multiple reasons. While a few others may
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Rates for home loans edged down as bond yields plunged in response to worries about global trade and the technology sector. The 30-year fixed-rate mortgage averaged 4.44% during the week ending March 29, according to Freddie Mac's weekly survey, out Thursday. The 15-year fixed-rate mortgage
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The best two-week period to put a home on the market is May 1 through May 15, according to a new study by real-estate website Zillow ZG, +0.41% Based on an analysis of 24 of the nation's largest markets, homes listed during that time period sell on average two weeks faster and for $2,400 more.
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Microsoft on Thursday announced a major reorganization that will see the company focus a large portion of its operation on two main divisions: “Experiences & Devices” and “Cloud + AI.” Additionally, Microsoft CEO Satya Nadella announced that long-time Windows chief Terry Myerson will be leaving
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The tax was originally supposed to increase from 0.5 per cent this year to two per cent in 2018, but after criticism, the government said it would remain at 0.5 per cent for locals, rise to one per cent for out of province investors (like Albertans) and two per cent for foreign investors. They also said it wouldn't
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According to the report, the global digitization in lending market was valued at around USD 1,790 billion in the year 2016 and it is expected to reach approximately USD 83,460 billion by 2025. The global digitization in lending market is expected to exhibit a CAGR of more than 53% between 2017 and
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By allowing more foreign capital to come into the country, China's yuan (CNH) would increase in value because investors would need to buy the currency to purchase the stocks and bonds they want. A more expensive yuan would make Chinese products more expensive to foreign buyers and make
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WASHINGTON/LONDON, March 29 (Reuters) – Barclays has agreed to pay $2 billion for allegedly causing billions of dollars of losses to investors by engaging in a fraudulent scheme to sell residential mortgage-backed securities between 2005 and 2007, the U.S. Justice Department said on Thursday.
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Heiwa Real Estate Co and Nomura Research Institute (NRI) are partnering to provide a fund hoteling service in the Kabuto-cho, Nihonbashi district in Tokyo providing start-up asset managers and foreign asset managers who want to operate in Japan with business infrastructure as a package which
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Barclays has agreed to pay $2bn to settle claims it fraudulently sold residential mortgage-backed securities in the run-up to the financial crisis. The US Department of Justice said on Thursday the investment arm of the bank had “caused billions of dollars in losses to investors” by misleading them about
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If you lived through the late-2000s housing crisis, the phrase “interest-only mortgage” might make you shudder. Interest-only loans, which require borrowers to pay only the interest on the loan for an initial fixed period, shouldered much of the blame for the flood of foreclosures when the housing bubble
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TRAINER Nick Olive is banking on Single Gaze proving it is really is a case of “third time lucky” when she lines up in the Group 1 $1.5 million Tancred Stakes (2400m) at Rosehill Gardens on Saturday. Single Gaze is backing up after her second in the Ranvet Stakes behind Gailo Chop last week.
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Barclays agreed Thursday to pay the United States $2 billion for allegedly deceiving investors about the quality of mortgage deals that fueled the 2008 financial crisis. The Justice Department said the British bank “caused billions in losses” to investors by engaging in a “fraudulent scheme” involving three
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“In the near term, the current favourable domestic economic conditions, perceived housing shortage, low mortgage rates and alternative sources of home financing will continue to support demand for property, but the recent sell-offs in global financial markets may dampen property market sentiments.”.
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For Remington Outdoor Co., one of the oldest firearms makers in the U.S., not even going bankrupt is easy these days. At a time when gun-control demonstrations have unfolded across the nation and the world, 30 lenders declined to provide bankruptcy financing for the company, according to court
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Whether you support Sutton Coldfield Town FC, Aston Villa, Birmingham, Wolves or West Bromwich Albion, your old matchday programmes could be worth a fortune. And a man who is an expert in the field – and owns 100,000 of them – is coming to Sutton Coldfield in April to value football programmes
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Lennar Corp. plans to start using mortgage-application technology from San Francisco, Calif.-based startup Blend in an effort to attract younger buyers. By applying for a mortgage online or on a phone, consumers can shave 10 days off the process, executives say. The Wall Street Journal's Laura Kusisto
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With $1.5 trillion in outstanding student loan debt in the country, Lesser compared the situation to the one that preceded the subprime home mortgage crisis that helped tank the economy a decade ago, and he likened NCHER's lobbying efforts to those by mortgage lenders in the run-up to the crash.
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“The actions of Barclays and the two individual defendants resulted in enormous losses to the investors who purchased the Residential Mortgage-Backed Securities backed by defective loans,” Laura Wertheimer, the inspector general for the Federal Housing Finance Agency, said in a statement
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The department said the settlement will dismiss a civil action filed in December 2016, which alleged Barclays caused billions of dollars in losses to investors in deals involving over $31 billion of securitized mortgage loans between 2005 and 2007. Barclays is the latest big bank to reach a settlement over
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NEW YORK (AP) — 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.
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Redfin real estate agents are not compensated for recommending Redfin Mortgage or Title Forward. Redfin agents will continue to encourage customers to work with a lender and title company that offers the best service and value. For more information about Redfin Mortgage and current rates, visit
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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. According to the terms of the settlement, two former
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Mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages ticked down to 4.44 percent from 4.45 percent last week. The benchmark rate averaged 4.14 percent a year ago. Rates are relatively low by historical standards, but they have shot up from an average that remained
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Vilnius, Lithuania, 2018-03-29 08:28 CEST (GLOBE NEWSWIRE) — Based on the resolution of the Ordinary General Shareholders Meeting of SUTNTIB INVL Baltic Real Estate that was held on 26th March 2018, the Company informs that an Amendment of the Depository Services Agreement between
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NXT already has three Championships without counting the United Kingdom title, which is rarely defended and isn't set to be defended at NXT TakeOver next weekend. It seems that the company has decided to give their developmental brand another Championship and it is also a great way to bring in a
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The Bank also operates SBA loan production offices in Seattle, Denver, Dallas, Atlanta, Portland, Oregon, Annandale, Virginia, Flushing, New York and Oakland, California; a commercial loan production office in Fremont, California; residential mortgage loan production offices in Southern California; and
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Bank of China, the country's fourth-largest bank by assets, reported a net profit of 172.41 billion yuan (US$27.41 billion) for 2017, up 4.7 per cent from 164.58 billion yuan the previous year. That is better than the consensus estimate among analysts polled by Bloomberg, who predicted that its net profit
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U.S. filings for unemployment benefits unexpectedly fell last week to the lowest level since January 1973, further evidence that the labor market remains tight, Labor Department figures showed Thursday. Highlights of Jobless Claims (Week ended March 24). Jobless claims decreased by 12k to 215k (est
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The deal helped catapult HomeServices' volume by more than 80,000 “sides” in 2017, a 34 percent jump from the prior year, according to a new ranking from Real Trends, a data provider for the industry. (There are two sides to each home sale — a buyer and a seller — and one brokerage may represent
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Trump and Kelly discussed the move several times, including in the Oval Office on Monday, and Kelly delivered the news to Shulkin in a phone call Wednesday afternoon, the aide said. The picture of Kelly's role emerges from interviews with seven White House aides and five former staffers and outside
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The companies focus mainly on saturated North American and European markets, when they should be stepping up efforts in Asia, Latin America, and the Middle … The closings could dent Mattel's 2018 sales by as much as 10 percent, and Hasbro's up to 5 percent, Bloomberg Intelligence estimates.
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Kenya was chosen as the launchpad for the water-bond program because of the need for water and sanitation funding, its large and developed capital markets, a growing number of bankable water-service providers, its robust regulatory environment and sound legal framework, said Sweerts.
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Yes, 2019. The new Uniform Mortgage-Backed Security will be issued through the Common Securitization Platform. Freddie Mac has already been using the CSP for certain functions (data acceptance, issuance support, bond administration) related to single-class securities for nearly 18 months.
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Millennials are buying homes outside of city centers, which mean that many find themselves eligible for the USDA 100% mortgage loan; Today's mortgage rates for conforming, VA, FHA, jumbo, and USDA loans; and, a recent study showing the ratio of mortgage payment-to-income hitting 9-year highs.
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Technically, there are two versions of the program: Fannie Mae's DU Refi Plus and Freddie Mac's Relief Refinance. But they're essentially the same. The government made numerous updates to the program over the years to make mortgage repayment easier for homeowners. Here are some of the new
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Vicplas International Ltd (SGX:569) is currently trading at a trailing P/E of 17.6x, which is lower than the industry average of 32.6x. Although some investors may jump to the conclusion that this is a great buying opportunity, understanding the assumptions behind the P/E ratio might change your mind.
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In what has been dubbed as the biggest fraud in India's banking history, two jeweler groups have been accused of defrauding banks by raising loans from overseas branches of Indian lenders using nearly $2 billion of fraudulent guarantees issued by rogue PNB staff at a Mumbai branch. PNB's board on
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The housing market has also been sluggish – especially in London and surrounding areas – and earlier on Thursday mortgage lender Nationwide said annual house price growth cooled to a seven-month low in March. The BoE said the number of mortgages approved for house purchase fell to 63,910 in
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US-listed IT company Virtusa is expanding its banking and financial services business at over company growth rates, nearly 30% on-year, an increase that … Cognizant, TCS and Infosys have all said demand from banking and financial services (BFSI) customers has slowed, hampering overall growth.
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Fujifilm is seeking growth through buying businesses involved in regenerative medicine and pharmaceuticals, while it plans to gain scale in the existing photocopier business through its planned $6.1 billion acquisition of Xerox Corp. Past deals include the purchase of Cellular Dynamics International Inc,
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Law360 (March 28, 2018, 3:44 PM EDT) — Summit Commercial Real Estate Group has purchased a new medical office building in Jupiter, Florida, for $14.1 million, the South Florida Business Journal reported on Wednesday. The deal is for a two-story, 31,170-square-foot building at 1094 Military Trail,
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Investors Title logo Investors Title (NASDAQ:ITIC) declared a quarterly dividend on Tuesday, March 6th, Wall Street Journal reports. Stockholders of record on Tuesday, March 20th will be paid a dividend of 0.40 per share by the insurance provider on Friday, March 30th. This represents a $1.60
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Mortgage professionals who operate in competitive markets know the value of a differentiated product offering. While in the past, simply creating a swanky website or marketing through organic social media channels would be enough to set oneself apart from the pack, today's originators must work
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China's high-tech industries are among sectors poised to gain from a fresh round of tax cuts, just as U.S. President Donald Trump weighs tariffs to penalize them. The value-added tax on manufacturing will be cut to 16 percent from 17 percent starting May 1 while the rate on transportation, construction,
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CUNA sent its letter in response to FHFA's request for information on Fannie Mae and Freddie Mac credit score requirements. Specifically, the FHFA is seeking feedback about the operational and competition considerations of changing Fannie and Freddie's current credit score requirements.
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President Donald Trump said he will replace Veterans Affairs Secretary David Shulkin with Rear Admiral Ronny Jackson, the presidential physician, in the latest administration shakeup. Shulkin's ouster comes amid a wave of resignations and dismissals in the Trump team's senior ranks, following the
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CAPE TOWN – The South African Social Security Agency (Sassa) says that a R10 banking charge that some grant beneficiaries will have to pay to get their money next month, is only temporary. The banking charge affects almost 5-and-a-half million beneficiaries who receive their money from Grindrod
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Asian investors pumped a record amount of cash into overseas real estate last year and have signalled their intention to channel even more money into the sector in 2018. Investors across Asia put $83.4bn into overseas commercial property last year. The bulk — $35.5bn — flowed into Europe, the
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The current bill would cap payday lending interest at 28 percent. Republican Rep. Kirk Schuring now recommends a move away from strict caps, saying they could lead to shutdowns of payday storefronts. “If it is too restrictive then you might have someone who really needs emergency dollars won't have
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China investment in Malaysia's residential real estate could double by 2025, driven by the investment market and education, according to Juwai.Com. “It is not unrealistic… the Credit Suisse Global Wealth 2016 report shows that there are now 1.6 million US dollar millionaires in mainland China.
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The Video for Sponsored Content ads can use any of the targeting already available to advertisers, such as job title, seniority, company name, industry, skills targeting as well as Matched Audiences targeting for running account-based marketing (ABM) campaigns. The ads can help businesses generate
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BENGALURU: Zerodha, a technology-enabled stock broking startup, is set to enter the lending business by the next quarter, having received a non-banking … Kamath said the company would keep the minimum ticket size of these loans at Rs 5,000 and target lending of Rs 200 crore in the first year.
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IRVINE, Calif., March 29, 2018 /PRNewswire/ — Cloudvirga™, a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent Mortgage Platform®, today announced a major update to the Cloudvirga Enterprise POS. New features designed to
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DENVER, March 29, 2018 /PRNewswire/ — RE/MAX®, the world's most productive real estate network*, announced its associates once again outperformed agents with other real estate brands in the 2018 REAL Trends 500 survey. For the eighth consecutive year, RE/MAX agents in the survey on
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“Wheel of Fortune” is the longest-running syndicated game show in the United States. More than 6,000 episodes of the popular show have aired. The TV show has also gained a worldwide following with 60 international versions airing around the world. The show is a series of puzzles where contestants
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“This is in my view a serious breach of the FTC's consent” agreement, Vladeck, now a Georgetown University professor, told Bloomberg TV. “There will be serious … at $153.03. Facebook's 2018 net income is projected to rise 20 percent this year to $21.8 billion, according to data compiled by Bloomberg.
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One senior manager, who asked not to be identified discussing the internal mood, said workers are exhausted by the one-thing-after-another drumbeat of bad news. A certain gallows humor prevails across the Volkswagen group; some employees have taken to joking, when praised for doing a good job,
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U.S. Ambassador to China Terry Branstad discusses tariffs and a possible trade war between the U.S. and China. U.S. Ambassador Terry Branstad warned China against retaliatory measures aimed at imports of American soybeans, as the world's two largest economies edged closer to a trade war.
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TORRANCE, Calif., Mar 29, 2018 (SEND2PRESS NEWSWIRE) — DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that Deutsche Bank has successfully implemented and is actively utilizing its
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The number of U.S. residents moving out of state has declined since the mid-80s. But according to new data, that trend might finally be ending thanks, in large part, to Millennials and Baby Boomers. Verify your new rate (Mar 29th, 2018)
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It tells you something about the priorities of Southeast Asia's largest bank when it announces a hackathon to quickly recruit 100 budding technologists. DBS Group Holdings Ltd. hired the same number last year, but this year its needs are spread over a wider skill set, including user-interface design and
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The country's two largest banks are igniting a price war by promising customers free digital channel transactions for life, as they vie to secure the most market share in the rapidly growing online banking sector and lure back customers who have defected to e-commerce companies' wallet solutions.
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Eby admits he's concerned about criminals using real estate purchases to hide dirty money. “If you look it up at the Land Title registry, it's an owner like a housewife or a student or it's owned by an offshore trust or a company, so there's a lack of transparency.” When he was in Ottawa on Tuesday seeking
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“Our main aim is to ensure that a consumer does not take loans from multiple platforms and ends up defaulting across causing serious troubles for the nascent sector,” said Rajiv Ranjan, founder of BigWin Infotech, a Mumbai based P2P lending startup which runs the platform Paisadukan. “We are
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Talk to anyone in the U.S. credit space, and they can tell you about their access to consumer information, such as name, income, education, voting record, mortgage and more. This data can be pulled from the IRS and credit bureaus — and all of that is just before companies make a cold call. They've got
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SANTA ANA, Calif.–(BUSINESS WIRE)–Veros Real Estate Solutions (Veros), an award-winning industry leader in enterprise risk management, collateral valuation services and predictive analytics, has released VeroFORECASTSM predictions for the 12 months ending March 1, 2019 that project
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MONCTON, N.B. — Two New Brunswick real estate agents have lost their licences after taking “outrageous and egregious advantage” of a vulnerable senior, the provincial regulator said in a scathing decision released Wednesday. Tanya Hannah and Maurice Poirier, owners of Absolute Realty, took
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Yesterday, Toronto city council spent hours debating a proposed plan to build bike lanes at North York's busy Yonge and Sheppard intersection. While council voted to move the debate to a future meeting, one real estate agent says the proposed plan could be a serious boost to North York property
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For many years we have sought to address the problems faced by mixed-use developments where different uses in a single structure are carved up into separate fee simple parcels. The main problem has been the inability to obtain separate tax folio numbers for the separate parcels. This has resulted in
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The law firm of Hansen, Stierberger, Downard, Schroeder and Head LLC and Hansen Franklin County Land Title & Abstract Company welcome Danielle Krimmel Welch to its staff. Welch will join the team as domestic paralegal and will manage the Hansen Title office and satellite law office located at
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The nation's largest banks — such as JPMorgan Chase & Co. (NYSE: JPM), Bank of America Corp. (NYSE: BAC), Wells Fargo & Co. (NYSE: WFC), Citigroup Inc. (NYSE: C), Goldman Sachs Group Inc. (NYSE: GS) and Morgan Stanley (NYSE: MS) — have operations around the country. Here are other
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Hong Kong's two largest property agents, Centaline and Midland, enjoyed sharp increases in commission revenue generated in the city last year, as sales of new homes and prices surged to record highs. But market commentators are warning the sector's outlook remains clouded by uncertainty over
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The Dow opened slightly higher on Wednesday morning as investors look to rebound from a brutal day of trading Tuesday that saw tech stocks drop en masse. With international trade fears cooled for now, the 30-stock Dow fared better during the selloff than the tech-heavy Nasdaq, suggesting that
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AFTER three years of price falls, there are signs that housing values in prime central London may be bottoming out, according to the latest quarterly Savills prime London index. Values in the UK capital's most expensive central locations slipped a marginal 0.9 per cent in the final quarter of 2017, while
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With climbing prices and supply swallowed up, Power Brokers are determined to keep momentum strong. According to RISMedia's 30th Anniversary Power Broker Report & Survey, 71 percent of Power Brokers are grappling with inadequate inventory, but more than half are forging ahead—growing,
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KARACHI: Foreign textile buying houses on Wednesday advised the government to set up a central compliance centre in Pakistan to improve manufacturers' compliance with social standards – a key determinant to clothing imports from the country. Commerce Division of commerce ministry and Trade
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The PURE Group of Insurance Companies Named One of the 2018 Best Workplaces in Financial Services & Insurance by Great Place to Work® and FORTUNE
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YEAR 2017 was a watershed for the private residential market, with prices starting to recover in H2 2017. According to the Urban Redevelopment Authority's price index for non-landed residential properties, prices for non-landed residential developments rose by 1.3 per cent year-on-year as at Q4 2017,
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Falling behind in payments doesn't have to mean a borrower is doomed to lose their home. Lenders and servicers are often willing to work with the borrower to find options that allow the borrower to remain in their home while they try to catch up and climb out of their financial hole. On Wednesday
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BMW and Daimler are merging their untraditional operations—everything from car-sharing and ride-hailing to parking locator services and electric vehicle charging—into a single joint business as the two rival automakers attempt to better compete with Uber, Lyft, and other mobility companies. The two
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After an “altercation” with a white, French co-worker, the company fired Kambala. Among a myriad of claims, Kambala brought Title VII race and national origin discrimination claims against the company, which sought dismissal on the grounds that Title VII did not protect him because he was not a U.S.
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Buying a home in Brooklyn? Wishing you could buy a home in Brooklyn? Get answers to your questions from a panel of experts at “What First-Time Home Buyers Need to Know,” the first event in the upcoming series Brownstoner Home Events. Panelists will delve into the home buying process, financial
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Bankrate.com is an independent, advertising-supported publisher and comparison service. Bankrate is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website. This compensation may impact how, where and in what order
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Brian Eisendrath of CBRE Capital Markets' Debt & Structured Finance arranged the seven-year, fixed-rate loan with three years interest-only payments through Freddie Mac. Located at 1850 NW Front Ave., on approximately 1.5 acres, Bridgetown Lofts is situated along the Wilamette River in Portland's
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Those were among the messages at the “Demand Drivers” panel discussion at BizWest's inaugural Northern Colorado Real Estate Summit, an all-day conference at the Embassy Suites Hotel and … Real estate industry professionals see an industrial market with a vacancy rate of 2 percent to 3 percent.
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The fund owned 8,213 shares of the specialty chemicals company's stock after buying an additional 3,491 shares during the quarter. Profund Advisors LLC's holdings in International Flavors & Fragrances were worth $1,253,000 as of its most recent filing with the SEC. A number of other institutional
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In an effort to expand geographically with a focus on its real estate services unit, mortgage insurer Radian Group has acquired national title insurance and settlement services company Entitle Direct Group. Financial terms of the deal were not released. Philadelphia-based Radian (NYSE: RDN) said
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… Roode and Mahal seems like the wrong way to handle one of the hottest wrestlers in the company at the moment. With that said, simply involving Rusev at WrestleMania should be enough to keep his momentum going, regardless of whether he's successful in capturing the U.S. title for a third time.
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NEW YORK CITY — New York-based Hunt Mortgage Group has provided $14.4 million in Freddie Mac financing for the acquisition of three multifamily properties in Palm Beach County. New Jersey-based-Typhon Realty Limited LLC was the borrower. Hunt provided a $4.1 million loan for the acquisition
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The adjustable-rate mortgage share of activity remained unchanged from last week at 7% of total applications. The Federal Housing Administration share of applications decreased from 10.3% last week to 9.9% this week, and the Veterans Affairs' share of applications decreased from 10.7% to 10.3%.
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Stratex International logo Stratex International plc (LON:STI) insider Tim Livesey bought 856,659 shares of Stratex International stock in a transaction dated Monday, March 19th. The stock was acquired at an average cost of GBX 1 ($0.01) per share, for a total transaction of £8,566.59 ($11,835.58).
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Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its holdings in shares of Enova International by 11.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 484,120 shares of the credit services provider's stock
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iShares iBonds Dec 2022 Term Corporate ETF logo Bainco International Investors increased its stake in shares of iShares iBonds Dec 2022 Term Corporate ETF (NYSEARCA:IBDN) by 22.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange
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In December, the State Department in Washington said a fine imposed by a Polish regulator on a U.S.-owned news broadcaster for how it covered anti-government protests in Warsaw “appeared to undermine media freedom.” The penalty was eventually dropped. “This deal cements the strategic
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Lloyds Banking Group will have to pay nearly £3 million to its former chief executive and another director after losing a legal battle to withhold payments relating to the purchase of HBOS. A judge ruled yesterday that Lloyds had wrongly refused to hand over share awards to Eric Daniels, chief executive
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Before my first daughter arrived, an instructor at a birth class threw me a curveball: Was I planning on banking my baby's umbilical cord blood? For much of pregnancy, the umbilical cord is the lifeline of a fetus, tethering it to the placenta. Snaking through the nearly 2-feet-long cord, there's a vein ferrying
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Weatherford International logo American International Group Inc. grew its position in shares of Weatherford International Plc (NYSE:WFT) by 39.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 65,572 shares of the oil
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Walmart announced Tuesday that it would be removing women's magazine Cosmopolitan from its checkout lines. “As with all products in our store, we continue to evaluate our assortment and make changes. Walmart will continue to offer Cosmopolitan to customers that wish to purchase the magazine,
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Ziegler, a specialty investment bank, is pleased to announce the successful closing of the $94,335,000 refinancing of a not-for-profit client in Florida by Ziegler Financing Corporation (ZFC), the FHA-insured mortgage lending arm of Ziegler. By taking a unique approach to the Section 232 board and care
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The Bank of England sought to reassure banks and insurers that they can rely on a transition period to ease their adjustment to Brexit, even though the 21-month bridge deal with the European Union isn't final, Bloomberg News reports. In light of the recent EU summit decision on an implementation
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The Jacksonville Public Library will be lending out Wi-Fi access for those with a library card who would like access at home. Circulation manager Sarah Snyder said the library received 10 hot-spots from a non-profit organization. Hot-spots serve as portable internet connections. “They'll be distributed
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With more than three decades of relationship banking experience, Scott Hudgins has joined the team of financial/banking professionals at SouthCrest Bank.
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VHCB's HOMELAND program provides purchase subsidies to home buyers equivalent to 20% of the purchase price, up to $44,000. In addition to the HOMELAND grant, buyers obtain mortgage loan financing and contribute at least $1,500 of their own cash resources towards the purchase price.
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Dollar loans granted by local banks rose slightly by the end of December 2017, as companies in the transport sector borrowed in foreign currency to finance their acquisition of capital equipment, data from the Bangko Sentral ng Pilipinas revealed. In a statement, BSP Governor Nestor Espenilla Jr. said
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Mortgage approvals dropped below their six-month average in February amid continued volatility in the UK mortgage market, the Bank of England said on Thursday. The number of approvals for both house purchases and those remortgaging fell in February, to 63,910 and 46,622 respectively.
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CME Group, the world's largest futures exchange, has agreed to buy Michael Spencer's Nex Group for £3.9bn in a deal that heralds a shake-up in the world's bond and foreign exchange markets. The deal was confirmed on Thursday after several weeks of talks and the price is at the top end of analysts'
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Renault SA and Nissan Motor Co. are in talks to merge, seeking to solidify their two-decade-old alliance under a single stock as an unprecedented shift toward electric and shared cars transforms the industry, people with knowledge of the matter said. A deal would end the current alliance between the
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Investors Title Company (ITIC) formed triangle with $190.13 target or 5.00% below today's $200.14 share price. Investors Title Company (ITIC) has $377.44M valuation. The stock decreased 0.25% or $0.51 during the last trading session, reaching $200.14. About 12 shares traded. Investors Title
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Collectively, the 1980s was a very special decade for toys. It was the decade that video games exploded in popularity; so too did action figures. There had been video games in the late 1970s and Mego and Kenner both had notable action figure lines in the 1970s, but the '80s saw a boom in personal
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MANILA – Bank lending expanded at a slightly faster rate of 19.5 percent in February from a revised 19 percent in January, the Bangko Sentral ng Pilipinas (BSP) said on Wednesday based on preliminary data. Loans for production activities grew 18.6 percent in February from 18 percent in the previous
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Indiabulls Real Estate Limited (NSEI:IBREALEST) is a company I've been following for a while, and one that I believe the market is over-hyped about. My concerns are mainly around the sustainability of its future growth, the opportunity cost of investing in the stock accounting for the returns I could have
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Semiconductors and 5G wireless communications are among areas that would be placed off-limits under plans to invoke a law reserved for national emergencies, Andrew Mayeda, Saleha Mohsin and David McLaughlin of Bloomberg News reported Wednesday in Asia. The restrictions would be the
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After falling 1.1% the previous week, mortgage application volume jumped 4.8% on an adjusted basis during the week ended March 23, according to the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey. Applications for refinances increased 7% while applications for
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The state's housing market offered no surprises in February: The number of homes for sale remained at record lows, while prices crept ever higher. It marked the third month in a row that the number of single-family homes for sale in Massachusetts fell below 10,000 — a record low for the month. Sales of
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Merger mania has gripped the real estate fund management industry, as firms fight over more selective institutional clients. Bavaria-based Patrizia Immobilien, for example, bought three companies over the past year and more than doubled its assets under management to $49 billion. Last year Aberdeen
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hen John Churchill came to town in early 2016 looking for answers about his son's death, he brought a close friend — recently retired Hillsborough County Sheriff's Maj. Ron Hartley. They wanted to see the West Palm Beach house where Steven N. Churchill, 54, had died six months earlier of an
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He and Norwood might've rolled past the house where someone reported spotting a stolen car—a false alarm, it turns out. While monitoring radio chatter, the plutocrat and the chief might have jawed about the latest news in a town so small it has no stores: the recent pursuit of a motorist across half the
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Envision Bank Appoints Paul O'Reilly as VP/Residential Lending Manager … His breadth of experience includes first time home buyer programs, VA & FHA lending, second home loans, jumbo mortgage options and construction loans. O'Reilly is also passionate about giving back to the communities he
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Shire logos sit on the corners of boxes containing Resolor 1mg prolonged film-coated tablets, produced by Shire Plc. Photographer: Simon Dawson/Bloomberg. Takeda Pharmaceutical Co. is considering its biggest takeover ever — a bid for Shire Plc that could approach $50 billion and propel the
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… King Mountain Enterprises, Landmark Bank, Meeks Building Center, Penmac, Sheridan & Sheridan, Southern Bank, Southern Hills Shopping Center, Southern Missouri Chiropractic, West Plains Savings & Loan, and Wiles Abstract & Title Company. In celebration of its 25th year, tickets for the auction
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Wells Fargo Plea to Dismiss Unfair Lending Lawsuit Rejected … Per a Reuters article, Wells Fargo & Company's (WFC – Free Report) plea to fully dismiss a lawsuit which accused it of practicing discriminatory mortgage lending practices was dismissed by the U.S. District Judge Gary Feinerman.
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Before joining Angel Oak, he spent about four years as a Senior Vice President at Canyon Capital, where he established the firm's residential loan trading business and also covered its structured credit operations. Prior to that, Sinha worked at Nomura Securities as its Executive Director of Mortgage
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Vera, named after Sveshnikov's mother, combines speech recognition technologies from Google, Amazon.com, Microsoft, and Russia's Yandex. Programmers fed 13 billion examples of syntax and speech from TV, Wikipedia, and job listings to expand the software's vocabulary and help it speak more
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Nationwide has provided the latest sign of fading momentum in the UK housing market and a pullback in London. In its latest data release, the lender said prices rose 2.1 per cent in the year to March, the slowest pace of gains in seven months and a sign of growing caution among consumers.
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The big picture: Even as the housing market is chugging forward, hamstrung by low inventory and surging prices, NAR thinks 2018 will be challenging. The group revised its 2018 forecast to show that sales will be flat compared to 2017 at 5.51 million, after rising only 1.1% in 2017. The group expects the
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HIGHLAND PARK, IL — Highland Park denied a permit for a real estate office to open up shop at the site of a former bank on a downtown corner in a part of the city's central business district zoned for pedestrian shopping. The City Council voted unanimously Monday to reject a planning commission
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… which suggests that–save the gyration that occurred, and could occur again, in population migration patterns in the wake of the Great Recession–America's macro new geography trends support constructive fundamental residential real estate investment in Sun Belt, economically viable smaller metros
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After weeks of having their reputations dragged through the mud, banks are pushing ahead with plans to bolster the industry's code of conduct. The Australian Bankers' Association this week took another step in its plan to overhaul the Banking Code of Practice, by making it compulsory for all member
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Salt Lake City, Utah, March 28, 2018 (GLOBE NEWSWIRE) — For the second year in a row, Primary Residential Mortgage, Inc. (PRMI), one of the nation's top mortgage lenders, was an honored recipient of Ellie Mae's 2018 Hall of Fame Award announced at Ellie Mae's Experience Conference on
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South Africa's Reserve Bank cut its benchmark repo rate, at which it lends to commercial banks, by 25 basis points to 6.5 percent on Wednesday, saying the risks to the inflation outlook had subsided. “While the increase in the value-added tax rate to 15 percent places temporary upside pressure on
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The company is structured with four business groups, but two generate most of the income. The largest is the Annaly Agency Group. It invests in agency mortgage-backed securities collateralized by residential mortgages guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae. As of year-end 2017 this
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The real estate investor who last year bought former Buffalo Bills' defensive lineman Mario Williams' suburban house has added to his portfolio by acquiring a lower West Side income property. Ian Finn paid $330,000 for a property at 872 West Avenue, which has a lower and upper residence.
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Contracts to buy previously owned homes rose in February, the National Association of Realtors said. The NAR's pending … Pending home contracts are seen as a forward-looking indicator of the health of the housing market because they become sales one to two months later. Home resales surged in
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Six months after Richard Smith suddenly stepped down as CEO of Equifax, the company has a new leader. Mark Begor has been named CEO of the credit reporting bureau, and inherits an ongoing public relations and image problem. He will officially start the job on Apr. 16. Begor inherits a company
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Investors may be tracking certain levels on shares of Freddie Mac (FMCC). The current 50-day Moving Average is 1.73, the 200-day Moving Average is 2.40, and the 7-day is noted at 1.42. Moving averages can help spot trends and price reversals. They may also be used to help find support or
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That was news to CFTC Commissioner Rostin Behnam, a Democrat who read the posting and felt he'd been excluded from high-level talks. … The CFTC general counsel's office, in a response to Bloomberg News, said that the Sunshine Act rules weren't triggered by the meeting because interactions
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Angel Oak Capital Advisors has announced the hiring of Namit Sinha as Head of Mortgage Strategies, focusing on managing non-qualified mortgage (non-QM) investments for Angel Oak strategies, as well as looking at opportunities in other areas, such as prime jumbo mortgages, re-performing loan
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A crisis-era red light is flashing and provoking old fears about banks. But the world has changed a lot since 2008: this signal no longer means banks are struggling to find cash. The basic cost of money lent between banks has seen a sharp rise over recent weeks. In the U.S., the cost to borrow over three
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Convenience store Lawson is set to apply for a banking license in Japan, the company said in a statement on its website. The name of the new business will be Lawson Bank. The store plans to gain new customers by extending the range of financial services through its national network of 14,000 outlets
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NEW YORK, March 28, 2018 /PRNewswire/ — Laurel Road, an online lender and FDIC-insured bank, today debuts a truly digital mortgage product that uses the company's secure lending technology to offer home buyers and owners personalized mortgage options at real, competitive rates.
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Colombian development bank Financiera de Desarrollo Nacional (FDN) has signed its first loan under its peso funding line initiative – a $200 million equivalent peso-denominated loan to the Inter-American Development Bank (IDB). The peso initiative is designed to enable foreign institutions to lend to
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Investors Title Company (ITIC) formed multiple top with $218.15 target or 9.00% above today's $200.14 share price. Investors Title Company (ITIC) has $377.44 million valuation. The stock decreased 0.25% or $0.51 during the last trading session, reaching $200.14. About 12 shares traded. Investors
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American Green, which had planned to transform the ghost town of Nipton, Calif. to a marijuana tourist destination, has sold the city, saying it could not raise the money needed to build what it envisioned. The company, one of the first publicly traded businesses specializing in the legal cannabis space,
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