Co-sponsor of bill to weaken title insurance regs stood to benefit from rollback

Co-sponsor of bill to weaken title insurance regs stood to benefit from rollback

State Sen. Susan Serino, who stood to lose money following new state regulations on the title insurance industry, co-sponsored a bill to reverse the new rules, a new report claims. In 2016, Serino's husband Mark earned between $5,000 and $20,000 from Real Property Abstract and Title Services, one of
See Original Article

JEMCOR Breaks Ground on $60M CA Property

This allowed the company to utilize specialized financing that includes low-income housing tax credit equity, tax-exempt bond proceeds and a $45 million first-of-its-kind construction-to-permanent loan from Citi Community Capital in conjunction with Freddie Mac's LIHTC Enhancement program.
See Original Article

A Chase Sapphire experiment is getting revived and expanded after the trial run blew away …

Last year, in advance of the spring home-buying season — the busiest of the year — JPMorgan Chase engineered an experiment to gain an edge in the mortgage-lending competition. Coming off the heels of the massively successful launch of the Chase Sapphire Reserve credit card in August 2016
See Original Article

Trump's Tariffs Hurting American Factories as Prices Skyrocket

Here's one way to assess President Donald Trump's tariffs on imported steel and aluminum: America's factories already aren't feeling so great. The tariff announcement helped send a measure of raw-material prices paid to an almost seven-year high in March, the Institute for Supply Management's
See Original Article

Bitcoin Network Researchers See 'Substantial' Overvaluation

Given Bitcoin's meteoric rise in 2017, and persistent slump this year, it's easy to wonder just how much the digital currency is really worth. Researchers at ETH Zurich say they may have found an answer: Bitcoin's value is based on the network of people who use it. And they suspect that the currency is
See Original Article

Country music star Dierks Bentley performing at Ruoff Home Mortgage Music Center in July

NOBLESVILLE, Ind. – Country music star Dierks Bentley will perform at Ruoff Home Mortgage Music Center this summer. His concert is set for Saturday, July 21. Special guests Brothers Osborne and Lanco will join him. The concert is part of Bentley's “Mountain High Tour 2018,” which includes stops in
See Original Article

Interview: How Digital Real Estate Increases Efficiency While Cutting Costs

The need for middlemen in real estate transactions is on the decline as the availability of property information increases online. Rather than eliminating the need for agents, this trend has instead lead to new opportunities for digital property-related transactions. Tech-focused real estate agency Reali has
See Original Article

Current Mortgage Rates Inch Higher on Monday

Here we go with another week. Mortgage rates are basically flat right now but could adjust as the data rolls out over the next few days. The biggest threat to rising rates comes on Friday with the monthly jobs report for March. With rates holding steady, right now is a great time to buy or refinance. Read on
See Original Article

Tesla's Trying to Fix Things But Investors Keep Bailing As the Stock Drops off a Cliff

With pressure escalating during one of the worst weeks in its almost 15-year-history, Tesla Inc. raced to manufacture and deliver as many Model 3 sedans as it could to report to rattled investors. The carmaker still probably came up short. Tesla's Fremont, California, delivery hub was packed with people
See Original Article

Wolverine Asset Management LLC Takes $128000 Position in Marriott International Inc (NASDAQ …

Several other large investors have also modified their holdings of MAR. Valeo Financial Advisors LLC grew its position in Marriott International by 367.1% during the fourth quarter. Valeo Financial Advisors LLC now owns 738 shares of the company's stock worth $100,000 after buying an additional 580
See Original Article

What's the Price of Your Patent? Richardson Oliver Insights Launches Patent Market Data and …

Richardson Oliver Insights represents the next critical step in providing patent market information directly to patent holders and patent buyers, like Zillow did for the real estate market,” said Suzanne Harrison, author of “Edison in the Boardroom.” “Patent strategists view buying and selling patents as a tool
See Original Article

Tanzania: Race to End Housing Deficit Hots Up

The report – which tracks mortgage financing for the year to December 31, 2017 – outlines NHC's ongoing projects, including Kawe Satellite City, Kigamboni Mwongozo Housing Estate, Morocco Square and Victoria Place Residence Complex, all in Dar es Salaam. The Kawe Satellite City project – which
See Original Article

Queens rental prices continue big decline as home prices soar to new heights: report

The real estate market in Queens continues to be favorable for renters, according to a new report. Researchers at real estate site StreetEasy determined that in the month of February, rental prices in the borough fell 1.9 percent year over year to an average of $2,064. This is the largest annual decline
See Original Article

Frightened homeowner mistakenly shoots real estate photographer she thought was intruder

The Douglas County Sheriff's Office said the homeowner, whom 11Alive is not naming because she hasn't been charged with a crime, hired a real estate consulting company, Real Estate Expert Advisors, to help her sell her home from the home off Ireland Court. Police said the photographer, Whitney
See Original Article

87 units of affordable housing reopen in $17 million private-public Salem partnership

Chief Executive Eric Paine said Monday the former owner was about to raise prices at the property to market rates. “Now that we have the property, it's going to be permanently affordable.” Thanks to more than $17 million in public and private investment, Community Development Partners was able to
See Original Article

Hey Augusta, why the crackdown on buying and selling Masters tickets?

Carolyn and Lewis Lichts are everywhere, children and parents of all ages, groups of brothers, old friends who have scattered about the world, coming together at Augusta to reunite on these sacred acres. There are wheelchairs being pushed by pride and love. Beers toasted for just being here. Beaming
See Original Article

Belgian Port Has Brexit Britain in Its Sights

At Antwerp, officials at the port, where about 150,000 workers are sprinkled over an area equivalent to about 20,000 football pitches, take a different view. The port's Brexit conversations in the wake of last year's decline led officials to spy an opportunity. Antwerp's strategic importance has always been
See Original Article

Smaller independent mortgage bankers request freedom from CFPB exams

Smaller independent mortgage bankers request freedom from CFPB exams … The Community Home Lenders Association submitted a letter to the Consumer Financial Protection Bureau requesting that smaller independent mortgage bankers be exempt from the bureau's exams and audits. This letter
See Original Article

Mulvaney asks Congress to dramatically reduce CFPB's independence

… as an executive officer subject to limited control by the President; and as an appellate judge presiding over the Bureau's in-house court-like adjudications,” Mulvaney writes in his letter to Congress. Mulvaney then goes on to quote James Madison's writing in the Federalist Papers: “In Federalist No.
See Original Article

Gold Is Heading to $1400 If Trade War Breaks Out, Sprott Says

Gold will surge to the highest level in five years if a global trade war breaks out, according to Rick Rule, chief executive officer of Sprott U.S. … A trade war could crimp demand for U.S. assets just as the budget deficit swells, with the dollar vulnerable should international buyers shun American debt.
See Original Article

Recent Attacks Enabled by Lax Corporate Cybersecurity, Report Says

Recent Attacks Enabled by Lax Corporate Cybersecurity, Report Says

Researchers from Israel-based Komodo Information Security Consulting Ltd. analyzed the attacks and found that about a fifth of the servers used by the hackers are hosted, owned or operated by companies on the Fortune 500 list. Oracle, Comcast, and France Telecom were the leading companies
See Original Article

Embrace Home Loans Sponsors Fight Child Hunger 5K

MIDDLETOWN, R.I.–(BUSINESS WIRE)–Embrace Home Loans, a prominent leader in the mortgage industry, was pleased to sponsor and participate in the second annual Fight Child Hunger 5k with proceeds benefiting The Central Brevard Sharing Center and The Children's Hunger Project. The race
See Original Article

Skip on Mayweather: 'Nothing would give him as much fame and fortune as fighting Conor …

Hollywood Ending: Skip Bayless reveals why Odell Beckham Jr. will wind up with the Los Angeles Rams. 03:08. Skip Bayless unveils how Michael Jordan and Nike forever changed the culture of sports. More Undisputed Videos
See Original Article

UK banks sell asset-backed securities at fastest rate in years

Banks and building societies that had been eligible for the BoE's Term Funding Scheme issued €4.4bn worth of securitised products — where assets such as mortgages or consumer credit are packaged together and sold like bonds — in the first quarter of 2018, compared with zero in the same period
See Original Article

Do Analysts Think You Should Buy – Magna International Inc (NYSE: MGA)

Investors rushed to trade on Magna International Inc (NYSE: MGA) Thursday, soon after a drastic change of 3.57% in the share price was observed and the stock become able to close its trade at $56.35. The stock becomes active when traders or investors changed hands with 1,075,167 shares contrast
See Original Article

New President Welcomed to AmeriFirst Home Mortgage Southwest Division

AmeriFirst Home Mortgage (AmeriFirst), a division of AmeriFirst Financial Corp., has announced the appointment of Ronald Bergum as President of its newly formed Southwest Division. As a recognized mortgage industry leader, Bergum has held numerous executive level positions in the mortgage
See Original Article

Understanding The Latest IMF International Reserve Figures

A review of the reserve data may help us evaluate such a claim, which if true, could have important implications for international investors. Let's first review a few basics. The IMF COFER report is a high-level account of central bank reserves that includes level and currency allocation. However, not all
See Original Article

Merger complete, bank changeover coming Memorial Day weekend

While MainSource officially became part of First Financial Bank on Sunday, the MainSource banking centers will continue to operate under the name MainSource Bank until conversion of the operating systems. During the conversion weekend, slated for May 25-28, MainSource banking centers along
See Original Article

LenderClose Partners With the VeroSELECT Platform

“LenderClose has a stellar reputation for providing credit unions and community banks with the products, services and technology solutions they need to compete with their national lender counterparts and we are excited to partner with them to offer our AVM and evaluation services to this important
See Original Article

Home Point Financial Hires New CBO, CPO

Home Point Financial Corporation (Home Point), a national multi-channel mortgage originator and servicer, has announced changes to its executive team with the hiring of Brian Brizard as Chief Business Officer and Lisa Patterson as Chief Production Officer. “Home Point has grown and adapted to the
See Original Article

Lending scheme for those at risk from loan sharks

Launched in 2017, SBC's Salary Advance (SALAD) loan facility provides safe, convenient and affordable installments to individuals who do not usually qualify for regular loan products, as the bank aims to reduce Filipinos' borrowing from informal lenders that offer risky terms and high interest rates.
See Original Article

PDL Community Bancorp Announces Results for the Year Ended December 31, 2017

The increase in interest and dividend income is primarily due to the mortgage loan growth that provided an increase in average outstanding loans of $129.7 million or 21.4%, for the year ended December 31, 2017 compared to the same period in 2016. The net interest rate spread and net interest margin
See Original Article

CYS Investments: 13.1%-Yielding Mortgage REIT

CYS Investments, Inc. (CYS) cut its dividend payout last month on the back of insufficient core earnings. Shares now sell for a twenty percent discount to book value, and shares yield ~13 percent. The mortgage REIT has repeatedly slashed its dividend payout in the past, which suggests another dividend
See Original Article

Air India disinvestment: Taking off, finally! This carrier is a probable candidate for buying the stake

IndiGo, the leader in Indian Sky, has expressed the interest in acquiring AI publicly. In fact, as per the financial eligibility criteria set in preliminary information memorandum, IndiGo is the only carrier among domestic carriers which can bid for Air India. Others may bid in a consortium with foreign players.
See Original Article

Personnel File

Elizabeth Pimentel has joined Swansea-based BayCoast Mortgage Co. as a mortgage loan officer. Pimentel is responsible for maintaining and originating marketing leads, sourcing and managing client experience from origination to closing, and establishing a strong presence/relationship development
See Original Article

3 Months, 3 Housing Trends: Seller's Market, Higher Rates, HELOC Comeback

Mortgage lenders Fannie Mae and Freddie Mac and the National Association of Realtors all forecast the 30-year, fixed-rate mortgage to rise 0.2% of a percentage point from April through June. Fleming says mortgage rates are going up because of the prospect of higher inflation. Unemployment is low
See Original Article

Trump Calls Sinclair 'Superior' to CNN as Merger Awaits US Nod

President Donald Trump lauded Sinclair Broadcast Group Inc. as “far superior” to CNN or NBC Monday after the broadcaster that's seeking federal approval to buy Tribune Media Co. drew criticism for having its on-air personalities read scripted statements about “false news” by other media outlets.
See Original Article

From the Councilor: One Charlestown, Short-Term Rentals, Boston's Housing Market, Annual …

As chair of the Committee on Housing and Community Development, I'm proud to sponsor a hearing taking place this Tuesday, April 3rd at 1:00 PM to discuss speculation in Boston's housing market. Members of the public are cordially invited to attend and testify. Find more information here. See below
See Original Article

BidaskClub Upgrades AGNC Investment (NASDAQ:AGNC) to Hold

AGNC Investment Corp. logo BidaskClub upgraded shares of AGNC Investment (NASDAQ:AGNC) from a sell rating to a hold rating in a report released on Saturday, March 24th. A number of other equities research analysts also recently weighed in on AGNC. Wells Fargo reiterated a market perform
See Original Article

Deutsche Bank's troubles are more than personal

“There is no difference of opinion here,” John Cryan, Deutsche Bank's chief executive, insisted in a message to staff last week following reports of the tension between him and the chairman, Paul Achleitner. He was stretching the truth: Germany's leading private sector bank has been full of differences for
See Original Article

Apple Plans to Use Its Own Chips in Macs From 2020, Replacing Intel

Apple Plans to Use Its Own Chips in Macs From 2020, Replacing Intel

As part of the larger initiative to make Macs work more like iPhones, Apple is working on a new software platform, internally dubbed Marzipan, for release as early as this year that would allow users to run iPhone and iPad apps on Macs, Bloomberg News reported last year. The company has also
See Original Article

Now You Can Ask Alexa to Make Donations to Charity

Amazon unveiled Alexa Donations on Monday, a new feature for the smart assistant that allows users to donate between $5 and $5,000 to the charity of their choice, just by asking the device. Payments are handled via Amazon Pay using the card you currently have on file with Amazon for purchases on
See Original Article

Seacoast Banking Corporation of Florida to Announce First Quarter Earnings Results April 26, 2018

STUART, Fla., April 02, 2018 (GLOBE NEWSWIRE) — Seacoast Banking Corporation of Florida (NASDAQ:SBCF), a bank holding company whose operating entity is Seacoast Bank, announced today it will release first quarter results April 26, 2018, after the market closes. Upon release, investors may
See Original Article

2018 HW Tech100 Winner: Covered

Covered Insurance Solutions is a modern independent insurance agency streamlining the purchase of home and auto insurance by integrating into the lending process. Covered helps lenders close loans faster, eliminate paperwork and improve loan efficiency, while providing homebuyers with multiple
See Original Article

OneMain Financial: Lending Done Human by FCB & New York

OneMain Financial, a personal lending company, is launching its first ever branding campaign in its over 100 year history. 'Lending Done Human' speaks to the company's key differentiator from its competition – their loan specialists. Created by FCB, New York, with communications strategy and media
See Original Article

BlockFi Gives Hodlers Another Option to Borrow Against Crypto Assets

Options for borrowing and lending with cryptocurrencies are on the rise. One of the latest start-ups to join the likes of SALT and Unchained Capital is BlockFi, a New York City–based startup that issues loans backed by bitcoin and ether to individuals, companies and institutions in 35 U.S. states.
See Original Article

The Stock Market Is Having its Worst Second Quarter Since the Great Depression

U.S. stocks are on track to have their worst April start since 1929, according to data compiled by Bloomberg. The S&P 500 index slumped 2.4 percent as of 1:10 p.m. in New York, a rout exceeded only by its 2.5 percent decline 89 years ago, a prelude to the devastating crash later that year that brought on
See Original Article

US Postal Service losing a 'fortune' due to Amazon: Donald Trump

President Donald Trump today hit out at Amazon again, alleging that the US Postal Service is losing a “fortune” due to the online retail giant. “Only fools, or worse, are saying that our money losing Post Office makes money with Amazon. THEY LOSE A FORTUNE, and this will be changed,” Trump
See Original Article

Cloudvirga Enhances its Mortgage POS with New Features

New mortgage insurance and appraisal management Integrations: The platform now integrates with Arch MI and Radian for in-platform access to mortgage insurance rate quotes that are accurate down to the specific loan product. It also introduces a robust integration with Mercury Network's
See Original Article

Quicken Loans Pressured to Drop Ingraham Advertising

Detroit-based Quicken Loans is being targeted in an effort by a survivor of the recent high school massacre in Parkland, Fla., to drop its advertising ties to Laura Ingraham's Fox News show “The Ingraham File.” According to a Detroit Metro Times report, Quicken Loans' Rocket Mortgage product is among
See Original Article

Facebook's Zuckerberg Hits Back at 'Glib' Comments by Apple CEO

Facebook Inc. Chief Executive Officer Mark Zuckerberg hit back against Tim Cook, calling the Apple Inc. CEO's criticism of the social-media giant “extremely glib.” Cook was asked about Facebook's privacy crisis last month and called for stronger regulation of user data. “This certain situation is so dire
See Original Article

'It's a bit scary' – in the buildup to Brexit, cross-border mortgages are looking increasingly hard to …

TWO YEARS AGO, Ireland's Department of Finance transposed the EU's Mortgage Credit Directive into Irish law. There was some fear at the time that among those to suffer due to the new directive would be cross-border workers in Ireland – those living in the Republic but working in the North. At the time
See Original Article

Marvel Teams Up With Rocket Mortgage for Avengers: Infinity War Marketing Crossover

The industry that brought you the 2008 financial crisis is teaming up with the comic book industry to cross-promote Avengers: Infinity War, the upcoming Marvel Studios film, and Rocket Mortgage, the smartphone app that aims to get approved for mortgages “in as few as 8 minutes, all from the push of a
See Original Article

Here Are the Countries Safest From a Robot Job Revolution

Automation may render millions of jobs obsolete—but some countries may be in a better position to face the robots than others. That's based on research from the Organization for Economic Cooperation and Development, a symposium of largely wealthier nations, using 2012 data from 32 of its members
See Original Article

Investors Real Estate Trust (NYSE:IRET)'s Volatility Moves 2.49% For the Week

In terms of CCI levels, Investors Real Estate Trust (NYSE:IRET) currently has a 14-day Commodity Channel Index (CCI) of 114.36. Investors and traders may use this indicator to help spot price reversals, price extremes, and the strength of a trend. Many investors will use the CCI in conjunction with other
See Original Article

Energy Transfer Says 'Cyber Attack' Shut Pipeline Data System

A system that digitally processes customer transactions for a major pipeline network in the U.S. was shut down Monday after a cyber attack. An electronic data interchange provided by third-party Energy Services Group LLC for Energy Transfer Partners LP's Panhandle Eastern pipeline system was
See Original Article

Reven Housing REIT, Inc. Reports Full Year 2017 Results

BUSINESS WIRE)–Reven Housing REIT, Inc. (the “Company”, “Reven Housing”, “RVEN”) (NASDAQ: RVEN), an owner and operator of single-family … Chad Carpenter, Chief Executive Officer of Reven Housing REIT stated, “Our progress in 2017 was driven by the successful purchase and integration of
See Original Article

Three Essential Strategies For Smart Student Housing Development

As evidenced by the growth of the student housing sector over the last several years, student housing has come to be seen as a smart investment for a broad range of real estate investors and developers. Yet, as the industry has become mainstream, it has also become more competitive, with more
See Original Article

Pressure Builds for Probe of Pruitt's Travel, $50-a-Night Condo

“The documents and information that have been provided to me raise many troubling questions,” Whitehouse said in a March 20 letter to EPA Inspector General Arthur Elkins that was reviewed by Bloomberg News. “While I consider matters of personal security to be extremely serious, personal security
See Original Article

2018 HW Tech100 Winner: Access Business Technologies

Access Business Technologies is a cloud service provider focused exclusively on the mortgage vertical. ABT focuses on mortgage departments of traditional financial organizations like banks, credit unions, CUSOs and others, like state housing authorities and nonprofits, in addition to mortgage banks
See Original Article

Glasgow-based Clydesdale Bank owner CYBG says has exceeded targets for lending to SMEs in …

Glasgow-based Clydesdale Bank owner CYBG says has exceeded targets for lending to SMEs in …

CLYDESDALE Bank owner CYBG has revealed it lent £451 million to small and medium-sized enterprises in Scotland in 2017, declaring this is 13 per cent greater than its “commitment” for last year. And it says it is “well on track” to meet its pledge of lending a total of £1.2 billion to SMEs in Scotland over
See Original Article

Banks targeted as Swedes voice data fears after Facebook scandal

Sweden is known for having tougher bank capital rules than most other places. But when it comes to digital regulation, things are a bit more patchy. For example, the practice of screen scraping – when companies log into bank accounts on behalf of customers – is unregulated in Sweden. That's in contrast
See Original Article

Trump Pushing for Preliminary Nafta Deal by Mid-April, Sources Say

The Trump administration is pushing for a preliminary Nafta deal to announce at a summit in Peru next week, and will host cabinet ministers in Washington to try to achieve a breakthrough, according to three people familiar with the talks. The White House wants leaders from Canada and Mexico to join in
See Original Article

No, the Postal Service isn't losing a fortune on Amazon

President Donald Trump took a swing at Amazon once more on April 2, blaming the digital retailer for the United States Postal Service's financial woes. “Only fools, or worse, are saying that our money losing Post Office makes money with Amazon,” Trump tweeted. “THEY LOSE A FORTUNE, and this will
See Original Article

eOriginal Named to HousingWire's 2018 HW TECH100™

eOriginal, Inc. today announced it has been named by HousingWire to the 2018 HW TECH100™, recognizing the most innovative technology companies in the housing and mortgage finance industry. The HW TECH100™ is the only ranking of tech innovation that captures the entire U.S. housing
See Original Article

Skiers hit slopes at Camp Fortune for Boys and Girls Club of Ottawa

What a relief that the charity skiathon for the Boys and Girls Club of Ottawa made a big splash, figuratively speaking only — not literally. The snow did indeed stick around, allowing for 120 members of the local business community to work on their goggle tan and enjoy a day of spring skiing at Camp
See Original Article

Four Bank Stocks Worth Buying

She believes that the macro environment and risk appetite are key for capital-markets stocks looking ahead, but these factors should work as a tailwind for the group, leading her to raise estimates on a number of banks in her coverage. Katzke has been optimistic about the sector for some time, and also
See Original Article

Rural Iowa communities face housing shortage

DES MOINES, Iowa (AP) — Rural Iowa communities are struggling with a housing shortage even as many areas also deal with long-term population declines. The Des Moines Register reports that developers are often wary of building in rural areas because of their declining population and significantly
See Original Article

Careful not to spook bankers, will hit lending

If PSU banks are to shift focus to consumer lending like their private sector counterparts, and they will if they are frightened, who will lend to industry and infrastructure—even if industry/infrastructure are to get more funding from bond markets, this will take a long time. In this context, it is important that the
See Original Article

Stocks' Second-Quarter Start Is the Worst Since the Great Depression

U.S. stocks had their worst April start since 1929, according to data compiled by Bloomberg. The S&P 500 index slumped 2.2 … China's retaliatory trade tariffs combined with President Donald Trump's criticism of Amazon.com Inc. to send equities into a tailspin Monday. Shares in the online retailer
See Original Article

GDPR: Balancing Privacy And Innovation To Create Opportunities In Banking

This example of life imitating art highlights the challenges facing banks as they try to balance the desire of customers to have innovative and compelling financial services experiences with the parallel desire to protect their data and privacy. That tension is abundantly clear in new regulations coming into
See Original Article

Vancouver real-estate prices still climbing, but tax changes could have impact, report says

Premier John Horgan's new speculation tax is part of a suite of reforms his government has said it hopes will cool the real-estate market, reduce foreign investment that results in empty suites and increase the province's rental stock. However, critics have warned that the government has merely increased
See Original Article

Will DR Horton be Able to Sustain Solid Growth Through '18?

D.R. Horton delivered stellar performance yet again in the first quarter of fiscal 2018. Earnings and revenues surpassed the Zacks Consensus Estimate, courtesy of a solid housing market. Homebuilding revenues increased 14% year over year on a 14% rise in homes closings. New orders rose 16% in
See Original Article

The City With the Most Cash-Out Refi Borrowers Is…

As for the cities with the highest loan amounts for refinance cash-outs, the national leader was a city that rarely shows up at the top of housing data charts: Bridgeport, Conn., where the average loan amount is $453,307. Second and third places were taken up by a pair of Bay Area metros: San Jose, with
See Original Article

The Best Home Improvement Loans of 2018

This guide covers the types of home improvement loans available, the costs of a home improvement loan, how to qualify and how to choose the best lender. It is designed to help you decide if accessing your home's equity or taking out a personal loan for home improvement is a good choice, and offer
See Original Article

The 2018 March Madness Championship Game Is Tonight. Here's How to Stream It Online for Free

The NCAA March Madness tournament will come to an end on April 2 as the University of Michigan and Villanova University men's basketball teams face each other in the championship game. Fans have plenty of ways to catch the game for free on TV and online when it starts at 9:20 p.m. ET on Monday.
See Original Article

Lost bet brings good fortune to pizza lovers

Lost bet brings good fortune to pizza lovers. Jim Schultz, Record Searchlight Published 1:33 p.m. PT April 2, 2018. CLOSE. Pizza lovers crowded Little Caesars restaurants on Lake Boulevard and Cypress Avenue Monday for free pizza. Jenny Espino and Jim Schultz. 636582826192769625-Pizza.jpg
See Original Article

SPOTTLIGHT —What To Do When Mortgage Rates Begin Moving Up

The economy has nearly made a full recovery in the past ten years since the Great Recession took its toll on the housing market. What generally happens when rates rise is that there is less of a demand for housing, which triggers a downward trend in the price of homes. But that's not happening now.
See Original Article

More US real estate deals can go ahead without appraisal -regulators

WASHINGTON, April 2 (Reuters) – U.S. bank regulators on Monday agreed to relax commercial real estate lending rules and allow more deals to go ahead without an independent appraisal of the property's value. Under the new rules, commercial real estate worth more than $500,000 must have an
See Original Article

Trump's Amazon Tweets Dent His Stock Market Bragging Rights

Donald Trump has long bragged how his presidency has been a boon to the stock market. His recent attacks on Amazon.com Inc. are undermining that position. The S&P 500 plunged more than 2.5 percent Monday, headed for the worst start to a second quarter since the Great Depression. That's a
See Original Article

Missouri Attorney General Is Investigating Facebook Over Cambridge Analytica Scandal

Missouri Attorney General Is Investigating Facebook Over Cambridge Analytica Scandal

Missouri is investigating Facebook's business and privacy practices following reports that political consulting firm Cambridge Analytica had obtained personal data about 50 millions of the social network's users. Missouri Attorney General Josh Hawley said Monday that his office had issued Facebook (fb)
See Original Article

Real Estate Board, Brokers Outraged About Vacancy Tax Talks

“Property owners take a substantial financial hit when they are unable to secure a tenant. A vacancy tax, premised on a flawed set of assumptions, will punish owners further and do nothing to address vacancy.” Brewer's office did a survey last May that identified 188 empty storefronts from the Battery to
See Original Article

IHT Launches Japan's 1st ATO; Enters Tourism Real Estate Investment Market

The tourism sector has always been a lucrative industry attracting real estate developers and investors. IHT will connect assets holders with financial institutions by using its proprietary smart contract and distributed ledger technology. Using smart contracts allows for large real estate transactions to be
See Original Article

Camera Housing Market Growth – Key Futuristic Trends And Competitive Landscape 2018-2022

The Camera Housing Market report provides information about Camera Housing industry including Market overview, Emerging Market Trends, Market Demand, Segmentation, Investment Strategies for new entrants/investors. The report contains data charts describing the Camera Housing market shares
See Original Article

Housing market considered a "seller's market" now

“Dynamic, I think is the best way to describe it, because there are so many variables at play in the market, and so many of those variables are creating so many situations that we don't typically see in the housing market,” said Whatley. He said it is a “seller's market” where the person who is selling has
See Original Article

Couples can use pension savings for joint mortgage loans – PenCom

Married partners, who have Retirement Savings Accounts with Pension Fund Administrators, will be allowed to use their savings to apply for joint mortgage loans under the Contributory Pension Scheme. According to a report obtained by our correspondent from the National Pension Commission titled:
See Original Article

Lenders Are Vying for Office Redevelopment Deals

Our sister publication, GlobeSt.com, covers one of the engines that keeps life and annuity issuers running: the commercial real estate market. Life insurers participate in that market by renting space, owning buildings, lending directly to development companies, investing in mortgage-backed securities,
See Original Article

Jackson Walker Grabs 4 Gardere Real Estate Partners

The group from Gardere includes real estate lawyers Cynthia Brotman Nelson, George Dunlap Jr., Kevin Kelley and Scott Tuthill, each of whom has joined Jackson Walker as partners, along with associates James Miers and Ben Whitehill. Trial lawyer Gabriela Rawlings also joined Jackson Walker as an
See Original Article

Cities move to upgrade restrictions on home purchasing

Shenzhen, Hangzhou, Xi'an, Chengdu and 11 other cities in China have put forward new rules to combat growing speculation in the housing market, signalling the launch of a new crackdown, Yicai.com reported. On March 31, the Hainan provincial government imposed a purchase limit, which stipulated
See Original Article

Wallingford's Amphenol names banking leader Wolff to company's board

Wallingford-based electronics manufacturer Amphenol Corp. has named the managing director and head of Bank of America Merrill Lynch to its board of directors. Anne Clarke Wolff, the head of global corporate banking and global leasing at Bank of America Merrill Lynch, will serve on Amphenol's
See Original Article

Facebook Data Scandal Has Left Zuckerberg Isolated in Tech

Apple Inc. CEO Tim Cook, Tesla Inc.'s Elon Musk and Salesforce.com Inc.'s Marc Benioff have criticized the social media network in the wake of its user data scandal involving political-advertising firm Cambridge Analytica. Other tech leaders have remained quiet in the ensuing backlash against
See Original Article

Millenials impacting the housing market

FAIRVIEW TWP., LUZERNE COUNTY (WBRE/WYOU) – In a few short months, this house in Mountain Top will be the dream home Lindsay Metzger and Steven Hippeli have always wanted. After a few years of renting after college, the couple decided to make the big investment in their hometown.
See Original Article

Main bank for Illinois' medical marijuana industry is pulling out, leaving some operators to deal in …

Curtis Roff, a processing technician at PharmaCann, trims cannabis flowers after harvest in 2017 at a medical marijuana cultivation center in Dwight, Ill. PharmaCann banked with Bank of Springfield, which will not longer serve the medical marijuana industry. (Zbigniew Bzdak / Chicago Tribune).
See Original Article

Musk's Joke Falls Flat Amid Tesla Model 3 Output Risk, Cash Burn

Tesla Inc. investors aren't laughing after Elon Musk's April Fools' Day joke about bankruptcy, with the automaker's cash reserves at risk amid the months-long struggle to build the critical Model 3 sedan. After the steepest monthly drop in more than seven years, Tesla shares fell as much as 8.1 percent on
See Original Article

Institutional Investors Are Buying Servicesource International Inc (NASDAQ:SREV)

Servicesource International Inc (NASDAQ:SREV) institutional sentiment decreased to 1.12 in 2017 Q4. Its down -0.73, from 1.85 in 2017Q3. The ratio dived, as 37 funds opened new or increased equity positions, while 33 cut down and sold stock positions in Servicesource International Inc. The funds in
See Original Article

Mayor won't say if homeowners could be forced to sell: affordable housing controversy

Last week, the Mayor sent letters to the leaders of Colorado's Title Industry, Real Estate Commission and the state's Insurance Commissioner making … “They (City of Denver) blame the realtors, the blame the seller, they blame the title company, they blame everybody else but the city,” said Lopez to the
See Original Article

The Amazon Effect

Using the increase in average new and existing home prices in Seattle between 2010 and 2017 as a base, we've projected the potential impact of Amazon in 16 of the 20 cities being considered for HQ2. (For a more comprehensive picture of the housing market in each city, we pulled Metrostudy data by
See Original Article

Homeowners are sitting on $5.4 trillion in ready cash, the most ever

As with everything in real estate, the amount of homeowner equity varies dramatically depending on location. It is highly concentrated in the high-priced state of California. In fact, 39 percent of the nation's total tappable equity is there. Seattle and Las Vegas, which have seen huge home price jumps,
See Original Article

Last Line of Technical Defense Under Siege Across Risk Assets

Amazon.com Inc.'s still trading above its 100-day moving average, as are Microsoft Corp. and NVIDIA Corp. Netflix Inc. and Intel Corp. also opened above their 50-day means on Monday. President Donald Trump's renewed focus on trade with China has increased pressure on firms listed on the Chinese
See Original Article

House price inflation cools as tighter lending and affordability bite

House prices nationally are continuing to rise but at a slower rate due to tighter bank lending and “stretched affordability in Dublin”, according to MyHome.ie. The latest report from The Irish Times-owned property website also points to a pick-up in supply in Dublin, with 20 per cent more properties listed
See Original Article

India's ICICI Bank tanks on probe reports

India's ICICI Bank tanks on probe reports

Shares of ICICI Bank (NYSE:IBN) fell sharply on Monday on the back of reports that Indian federal investigators had launched a preliminary inquiry into its lending practices. The bank's American Depositary Receipts closed 7.5% lower to $8.19 on Monday. India's Central Bureau of Investigation (CBI),
See Original Article

Energizer Deal's Antitrust Approval Shocks Investors

“This case is a reminder that every merger review is highly fact specific and I would caution anybody against reading too much into any one decision,” Jonathan Grossman, an antitrust partner at Cozen O'Connor, said in an interview with Bloomberg News. In the Spectrum/Energizer scenario, he added,
See Original Article

JPMorgan's Blockchain Chief Is Setting Out on Her Own

Jessica Francisco, a JPMorgan spokesperson, confirmed the news of Baldet's departure in a statement to Fortune. “Amber is extremely talented and helped build the outstanding team we have today. We respect her desire to start her own venture and we wish her nothing but the best,” the statement said.
See Original Article

New real estate office opens in Geneva

It does not have a large real estate franchise that represents the downtown. The office is like my dream for the last 25 years. … I love the downtown. This is exactly what I want. It made me cry.” A ribbon cutting for the new office is scheduled for 3 p.m. April 26. And May 10 will be the company's RED day,
See Original Article

Paul Benda Joins ABA to Lead Cybersecurity Policy Efforts

The American Bankers Association today named Paul Benda as SVP for risk management policy. In this role, he will lead ABA's policy efforts on cybersecurity, physical security and risk management practices. Benda joined ABA from Global Security and Innovative Strategies, where he was a partner and
See Original Article

Colorado Springs new home construction soars in first quarter

An improved Colorado Springs economy helped propel buyer demand for new homes during the first quarter. Building permits issued for single-family homes in El Paso County totaled 970 during the first three months of the year, a 22.2 percent increase over the same period last year, says a Monday
See Original Article

Bay Area rents climb ahead of apartment-hunting season

Real estate economists and professionals are expecting a continued run-up during this year's peak summer moving season. “We're just not doing anything to keep up with it on the supply side,” said Chris Salviati, housing economist with Apartment List. The rising prices come as the long-running
See Original Article

Citi, Wells Fargo make mortgage leadership changes

A pair of the nation's largest banks, Citigroup and Wells Fargo, made changes to their mortgage banking executive teams. Citigroup promoted David Smith to chief operating officer of its newly combined U.S. retail banking and mortgage businesses. In February, Citi announced it is integrating its
See Original Article

Schaul rejoins CBRE in Miami

Drew Schaul, one of the leading retail real estate professionals in the Miami market, has returned to CBRE after a seven-year stint at Robert K. Futterman & Associates. At RKF … This came despite the fact that the completion of 712,000 sq. ft. of new shopping center space fell well below current trends.
See Original Article

Citi appoints new mortgage leadership team

Recently, the bank moved completely away from mortgage servicing and scaled back its lending operation, but earlier this year, the bank announced that it entered into an agreement with Digital Risk and Black Knight to form its new single digital mortgage origination platform. The move was seen as an
See Original Article

The Mortgage Collaborative Welcomes Partners Credit and Verification Solutions to Preferred …

The Mortgage Collaborative network is more than 130 lenders strong, with an aggregate annual origination volume of over $220 billion. The lender network is supported by a preferred partner network of organizations that specialize within each facet of the mortgage life cycle. The Mortgage Collaborative
See Original Article

Investment min. launches strategy for non-banking services

CAIRO – 2 April 2018: Minister of Investment, Sahar Nasr, launched the National Strategy for Non-banking Financial services 2018-2022 with a main purpose to create a non-banking sector that is conducive to the sustainable growth and supports the financial inclusion, according to chairman of
See Original Article

A Top JPMorgan Blockchain Executive Is Leaving the Bank

Amber Baldet is departing “to pursue an entrepreneurial opportunity” and will be replaced as head of the Blockchain Center of Excellence by Christine Moy, according to a memo from JPMorgan's Umar Farooq. “Amber is extremely talented and helped build the outstanding team we have today,” said
See Original Article

Realtors Fight HOAs' Reverse Mortgage Hangups with Education

Despite progress in some communities, homeowners in certain 55-and-over developments face barriers to reverse mortgage and other Federal Housing Administration-backed products — and one group is fighting back with an educational campaign and an organization designed to encourage
See Original Article

Mastering the DC rental market — taking lessons from Scott Pruitt's $50 per night rental deal

The real estate market, including the rental market, is all about location, location, location, which makes Pruitt's prowess as a tenant impressive. With such skills navigating the rental market, finding and securing a $50 per night deal in a great part of Capitol Hill, it is not surprising that another person
See Original Article

Japan's Central Bank Wants You to Be Wary of Cryptocurrencies

Bitcoin investing is popular in Japan, but the nation has also had several high-profile cryptocurrency heists. Now, the central bank has come up with a rather negative Q&A for those seeking answers on cryptos. The page is called “Let's think about cryptocurrencies!” and was released on a financial
See Original Article

UPS Pilots Complain About Shortage of Airplanes

22 in a memo seen by Bloomberg News. UPS acknowledged it's hiring outside contractors, declining to identify the companies. The courier said it was leasing planes to be flown by UPS crews and also having third parties fly their own planes on the company's behalf. Western Global, based in Estero,
See Original Article

The Daily Prophet: Squiggly Lines on a Chart Doom Stock Markets

“This is definitely a flight to safety type of market,” Peter Jankovskis, co-chief investment officer at Oakbrook Investments, told Bloomberg News. “You're seeing people coming out of the stocks that had been performing well. There'd been various stories that momentum was extended in the market place,
See Original Article

Stihl Inc. Confirms Sponsorship of Reno Air Racing Association as Title Sponsor of National …

Reno Air Racing Association (RARA) is pleased to announce Stihl Inc. has extended its sponsorship contract as Title Sponsor for the 2018 and 2019 National Championship Air Races as well as the airing of the NBC Sports episodes of the races in 2019 and 2020. The 55th annual Stihl National
See Original Article

Feds hike threshold for appraisals tied to commercial real estate loans

New federal regulations mean fewer commercial real estate-related loans will require an independent, certified appraiser to weigh in on a property's value before a bank can lend against it. An inter-agency group of regulators decided on Monday to raise the threshold for commercial real estate deals that
See Original Article

At-Home DNA Test Kits Are Blowing Up In Popularity. But Are They Accurate?

At-Home DNA Test Kits Are Blowing Up In Popularity. But Are They Accurate?

This essay appears in today's edition of the Fortune Brainstorm Health Daily. Get it delivered straight to your inbox. Ambry's scientists' research essentially suggests that clinical diagnostic companies offer a more clear picture of disease risk because they use a more comprehensive kind of genomic
See Original Article

On Top of the World plans detail mega non-retiree community

“As this will be On Top of the World's first foray into family housing we are putting a great deal of consideration into what housing types and price points will appeal to the primary market segment to ensure we attract the diverse demographics of the area,” Massarella-Aiosa said in a written statement.
See Original Article

Sachem Capital Reports Results for 2017 – Revenue Up 69% and Net Income Up 59%; Declares …

The increase in revenue represents an increase in lending operations. For 2017, interest income from mortgage loans was approximately $5.4 million compared to approximately $3.6 million for 2016, an increase of approximately $1.8 million, or approximately 50.0%. Origination fees quadrupled to
See Original Article

Monday 4/2 Insider Buying Report: SUP, OPBK

At Superior Industries International, a filing with the SEC revealed that on Thursday, SVP, Chief HR Officer Shawn Pallagi purchased 10,000 shares of SUP, for a cost of $13.70 each, for a total investment of $137,000. Investors are able to snag SUP even cheaper than Pallagi did, with the stock trading as
See Original Article

EB-5 investors sue LA family, say promised green cards never came

The defendants told Chinese investors that they were contributing money in EB-5 real estate projects, which would allow them to obtain get green cards. But, the Chans and Fang were taking the money for themselves, according to the lawsuit, which was filed last month in State Superior Court in Los
See Original Article

Will rising US rents finally force Millennials to buy a home?

“We know that life-cycle events trigger housing market moves, but data from our recent survey shows that a notable number of millennial shoppers decided to start shopping for homes as a result of rising rents,” says Realtor.com in the digital release. Over the last year, rents were up in 85 of the top 100
See Original Article

2018 HW Tech100 Winner: Carrington

Carrington's LoaniQ is a fast, accurate and easy way to match consumers with loan funding options. The loan calculator instantly matches borrowers with loan options based on the borrower's goals with no personally identifiable information required. LoaniQ's unique and fine-tuned algorithm presents
See Original Article

Rattled Stock Bulls Cling to Predicted Earnings Surge

In the background was news that China issued retaliatory tariffs on $3 billion of American goods, stoking trade anxiety. While investors have pulled money from tech shares, analysts expect the sector to carry the earnings load, according to Bloomberg data, at least in the first quarter. They forecast the
See Original Article

Murfreesboro banker graduates from school of advanced commercial lending

“I am grateful for the opportunity to attend this school to develop my skill set as a commercial lender. I am committed to First National Bank and look forward to helping our customers grow their business.” First National Bank Manchester was chartered in Manchester Tennessee in 1900 and currently
See Original Article

Trade Tension With China, US Pushes South Korea Toward Vietnam

South Korean President Moon Jae-in is looking to expand trade with Southeast Asia as one way for corporate giants such as Samsung Electronics Co. to diversify production bases and export markets. Seoul sees the U.S. under President Donald Trump as an increasingly demanding and unreliable
See Original Article

Kabat graduates from commercial lending school

Kyler Kabat, mortgage loan originator at Farmers & Merchants State Bank in Waterloo and Marshall, received his successful completion from the Commercial Lending School which was held Feb. 19-23 in Wisconsin Dells. Sponsored by the Wisconsin Banker Association, the curriculum was designed to
See Original Article

JMU student competes on Wheel of Fortune

HARRISONBURG, Va. (WHSV) — A dream recently came true for one JMU student, who was selected to compete on Wheel of Fortune's “College Week Spring Break” edition. Gino Palmieri is a junior at James Madison University, and is a sports and recreation management major. He grew up watching
See Original Article

International real-estate broker Sotheby's partners with local Zeitlin & Co. Realtors

Sotheby's International Realty is partnering exclusively with veteran local firm, Zeitlin & Co., to sell luxury homes across Nashville and Middle Tennessee, the companies announced Monday. The new marriage comes a year after a 10-year alliance between Sotheby's and The Lipman Group dissolved.
See Original Article

2018 HW Tech100 Winner: Clarocity

Clarocity provides real estate valuation solutions and platform technologies. The company serves the GSEs, as well as lenders and mortgage-backed securities investors with data-driven valuation products. Clarocity utilizes a design-driven approach that is focused on usability and efficiency.
See Original Article

Here's why the Canadian real estate sector had its second largest decline on record in January

Last week, it was revealed that the Canadian economy had taken a serious hit in January, as the monthly GDP rate contracted 0.1 per cent. One of the main factors at play? The start of the year also saw a serious cooling of the housing market. “Weakness was fairly widespread, as 10 of 20 major sectors
See Original Article

Here are the 2 biggest 'hidden' expenses when selling a home

“Even in the hottest housing markets in the country, selling a home takes time and costs money,” Jeremy Wacksman, Zillow's chief marketing officer, said in a news release. “From decluttering and staging to pre-inspections, agents and homeowners often spend months behind the scenes prepping a
See Original Article

Avengers Battle for New York in New Infinity War Commercial

This Avengers: Infinity War commercial is part of a fully integrated campaign which includes additional co-branded content through digital videos, online ads, social media and more. While the idea of a partnership between Marvel and a mortgage loan company may not sound all that exciting on the
See Original Article

2018 Multifamily Trends: Learning from Homeownership Demand

Jay Lybik—vice president of Research Services for IPA, a division of Marcus & Millichap—advises institutional and major private real estate investors. Recently, Lybik held the following exclusive interview with Multi-Housing News to discuss 2018 multifamily trends. In this candid exchange, Lybik details
See Original Article

Should you be investing in cryptocurrency?

Initial coin offerings are the latest red-hot investment trend, seeking to disrupt the traditional means of raising venture capital for startup businesses and firms. The market itself has witnessed an incredible expansion in the last year, but as the cryptocurrency market explodes and new coins flood the
See Original Article

The Trump Administration Is Cutting Obama-Era Fuel Efficiency Regulations

The Trump administration announced that fuel-efficiency regulations for cars and light trucks are too stringent and must be revised, beginning a process sought by the U.S. auto industry to roll back anti-pollution targets. The EPA also said it was considering whether to revoke the waiver that allows
See Original Article

EXCELERATE CAPITAL Announces Strategic Expansion

EXCELERATE CAPITAL Announces Strategic Expansion

The Company is an established industry leader in Non-QM lending, and also provides a wide range of agency conforming loans including FHA, VA, Fannie Mae and Freddie Mac programs. The Company also operates a Reverse Mortgage (HECM) division. Additional information about Excelerate and
See Original Article

Lending a hand

Christina Acuna sorts through home accent items at Seconds on the Avenue on Monday morning. Acuna has been working at Seconds on the Avenue since October and makes it her priority to ensure all the items in her sections are organized and clean. “I love organizing and being creative,” said Acuna
See Original Article

Power Broker Douglas Elliman Jumps One Spot to Number Three in Annual Real Trends Ranking …

The company also controls a portfolio of real estate services including Douglas Elliman Development Marketing; Douglas Elliman Property Management and Douglas Elliman Commercial. For more information on Douglas Elliman as well as expert commentary on emerging trends in the real estate
See Original Article

ABA Report: Ag Lending Grows 6 Percent in 2017

The nation's farm banks increased agricultural lending by nearly 6 percent, or $5.9 billion, to $106 billion in 2017, according to the American Bankers Association's annual Farm Bank Performance Report released today. With non-performing loans falling to a pre-recession level of 0.52 percent of total
See Original Article

Tesla's woes dent Elon Musk's fortune

One of the worst weeks in Tesla's 15-year-history has sapped Elon Musk's net worth and made the moonshot goals underlying his US$2.6bn award seem all the more audacious. The electric car maker's stock has tumbled about 20% since Musk's record grant of stock options was approved by investors
See Original Article

Democratizing Lending with ETHLend

Democratizing Lending with ETHLend. Giving everyone access to financing through decentralized blockchain platforms. One of the main goals of blockchain technology and cryptocurrencies has been to bank the unbanked. This entails creating alternative financial mechanisms that allow everyone to
See Original Article

This Immaculate International Harvester Scout Is the Perfect Vintage Work Truck

The new Jeep Wrangler may be the new standard in off-roaders, but if you're more into classics, this International Harvester Scout II Terra might be the truck for you. Welcome to You Must Buy, our daily look at the cars you really should be buying instead of that boring commuter sedan. Equipped with its
See Original Article

Commentary: Why We Need to Give Doctors Time to Listen

I recently returned from another engaging Fortune Brainstorm Health conference. While every year there is a focus on how new technologies and data will change the future of health care, this year I was struck by a few sessions reminding us that there are some basics essential to our achieving better
See Original Article

ESPN's New Streaming Service Will Debut April 12

ESPN's new streaming video service that comes with live baseball and hockey games will debut on April 12. The Walt Disney-owned sports network announced the launch date of its ESPN+ subscription service on Monday. Disney (dis) CEO Bob Iger said in February that ESPN's new streaming service
See Original Article

HomeUnion launches crowdfunding platform for single-family rentals

HousingWire.com · Sign In · Register · Sign Out · My Account · View Cart Subscribe Now · Subscribe Now · HousingWire Magazine · Daily Update Newsletter · LendingLife Newsletter. News. Lending · Servicing · Investments · Real Estate · Valuations · People Movers · Kudos · Technology · In the Money.
See Original Article

China Moves to Neuter King Dollar in International Trade

Last Monday, the Shanghai International Energy Exchange launched the first futures contract for crude oil priced in Chinese yuan. It's a major step forward in the process of international de-dollarization. Now Chinese and other international traders can buy and sell the world's most important commodity
See Original Article

MUFG Announces Rebranding of Commercial Banking Subsidiary

MUFG Bank serves more than half a million corporate customers in around 50 countries and is committed to supporting its customers' growth by offering an extensive range of banking and investment products and services. MUFG Bank works in close collaboration with MUFG Group companies
See Original Article

Boston Startups and Tech Companies Hiring in April

April is the month to haul the grill out of the basement and also to dust off that musty resume. Boston tech and startup companies are hiring across the gamut if you feel like trying something new. Finish that Fenway Frank, wipe the mustard off your hands and get applying. Here's a list of who's hiring in the
See Original Article

Mortgage firm investors can't recover under Lloyd's excess D&O policy

In a lawsuit that is the outgrowth of the subprime mortgage crisis of a decade ago, a federal appeals court has upheld a lower court ruling and held that investors in a mortgage company cannot access a Lloyd's of London excess directors and officers liability insurance policy. The litigation was filed by
See Original Article

EPA Moves to Cut Obama's Auto Mileage Rules

The Trump administration announced that fuel-efficiency regulations for cars and light trucks are too stringent and must be revised, beginning a process sought by the U.S. auto industry to roll back anti-pollution targets. The EPA also said it was considering whether to revoke the waiver that allows
See Original Article

Mortgage Bankers and Government Leaders Converge in DC

Housing and housing finance reforms, especially for the underserved are on top of the agenda at the ninth annual Five Star Government Forum on Tuesday in Washington, D.C. Leaders in mortgage banking, and the federal government will engage and have an open dialogue about the most pressing
See Original Article

CCCU Financial Insight: Think Before Lending Your Credit Card

A recent study finds that 49% of Americans that have a credit card have loaned their card to others to use. Copyright 2017 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Show Caption Hide Caption. Previous Next. A recent study finds that
See Original Article

Federal banking agencies issue final rule to exempt commercial real estate transactions of …

Federal banking agencies issue final rule to exempt commercial real estate transactions of $500,000 or less from appraisal requirements. Board of Governors of the Federal Reserve System; Federal Deposit Insurance Corporation; Office of the Comptroller of the Currency. For release at 2:00 p.m. EDT.
See Original Article

Spotify's CEO Reveals Why He's Not Doing a Traditional IPO

Ahead of Spotify's IPO on the New York Stock Exchange tomorrow, the music behemoth's founder and CEO explained why the streaming service's debut as a public company is just another day for him and his employees. “Spotify is not raising capital, and our shareholders and employees have been
See Original Article

CHRIS WILLE: A boom in residential real estate, for some

Irvine, California-based ATTOM, which specializes in real estate data analysis, also found that home-price appreciation outpaced average weekly wage growth in 370 of the 446, or 83 percent, of the counties analyzed in the report. Seventy-three percent of the markets were more expensive in the
See Original Article

These Are the 128 US Products China Is Enacting Tariffs On

These Are the 128 US Products China Is Enacting Tariffs On

The Chinese government fired back at the Trump administration's tariffs on steel and aluminum on Monday by enacting its own tariffs on 128 American-made products including wine, fruit, and pork products. The tariffs were first suggested by China two weeks ago. They were originally intended to be a
See Original Article

Swedes Voice Data Fears After Facebook Scandal, Targeting Banks

Sweden is known for having tougher bank capital rules than most other places. But when it comes to digital regulation, things are a bit more patchy. For example, the practice of screen scraping — when companies log into bank accounts on behalf of customers — is unregulated in Sweden. That's in
See Original Article

More US real estate deals can go ahead without appraisal: regulators

WASHINGTON (Reuters) – U.S. bank regulators on Monday agreed to relax commercial real estate lending rules and allow more deals to go ahead … Under the new rules, commercial real estate worth more than $500,000 must have an independent third-party check on the property value before a bank
See Original Article

Homeowners tapping into more equity, while keeping leverage low

Mortgage borrowers collectively hold more equity in their homes than at any other time on record, but they've been slow to borrow against this newfound wealth, according to Black Knight. Homeowners with an existing mortgage and at least 20% home equity held an additional $5.4 trillion in home equity
See Original Article

Bloomberg's Model 3 Tracker Shows Tesla Just Missing Its Goal

With first quarter production numbers due any day now, we take a look at what our data show. By. Tom Randall. @tsrandall More stories by Tom Randall. April 2, 2018, 10:44 AM PDT. From. Tesla Inc. is under enormous pressure to build its Model 3 electric car fast enough to meet customer
See Original Article

Fayette County congratulates top real estate producers

Fayette County is often described as an oasis on the south side of Atlanta. For those who live there, it is exactly what they were hoping to find: a wonderful sense of community and a growing economic base. Home to corporations both American and international, the area is experiencing accelerated
See Original Article

Forget Mortgage Rates: Rising Rents Pushing Millennials Into Home Ownership

Forget rising mortgage rates – millennials are becoming homeowners at a faster clip thanks in part to increases in the rent they have to pay for housing. That's according to a new survey by Realtor.com, which found that, in addition to rising rents, millennials are purchasing homes to address the needs of
See Original Article

Stella Artois Recalls Beer Due to Risk of Glass Particles in the Bottles

Stella Artois is recalling select 11.2 ounce bottles of its popular beer after learning that some might contain particles of glass in the beverage. The recall applies to Stella Artois six-packs, 12-packs, 18-packs, 24-packs, “Best of Belgium” multi-packs in the U.S. and Canada, and Stella Artois Légère 6-packs
See Original Article

Citadel Servicing Corp. offers multiple options for income qualification

In this decidedly tight lending environment, self-employed borrowers represent a significant opportunity for lenders looking to expand homeownership to an underserved market. The number of self-employed workers in the U.S. continued to rise in 2017, climbing to 40.8 million people, which translates to
See Original Article

HUD marks 50th anniversary of Civil Rights Act

As April is fair housing month, HUD is already thinking about the act's passage and its importance to the department. HUD Secretary Ben Carson explained that, half a century later, the act remains a centerpiece of the work HUD is doing to ensure fair, inclusive housing, free from discrimination for all
See Original Article

Sinclair Responds to Criticism About 'Fake News' Promos

Sinclair Broadcast Group, the owner of the largest chain of television stations in the nation. William Thomas Cain Getty Images. By Emily Price. 3:16 PM EDT. Earlier this year, news broke that Sinclair Broadcast Group-owned televisions stations were requiring anchors to take on “fake news,” a move
See Original Article

Commentary: Artificial Intelligence Should Complement, But Never Replace, the Human Connection

For all the hype about artificial intelligence, this much is true: AI can do some pretty amazing things. Whether correctly predicting consumer tastes in television shows or music, or finding the best route home in rush hour traffic, the possibilities seem endless. But technology still can't replace the human
See Original Article

High lending rate: expert advises MPC to fix rates for banks

“In the alternative, if the above recommendation is not acceptable, the MPC may consider creating a corridor of not more than 600 basis points between the deposit and lending rates. “This will encourage savings and forestall negative returns to depositors whilst at the same time providing the banks with
See Original Article

Transactions & Financings: Welltower's $130 Million CCRC Acquisiton

The approximately $9 million floating rate first mortgage loan facilitated the purchase of a purpose-built, 145-unit assisted living and independent living community in the Southwestern U.S. The financing will allow Palatine to implement a $2.5 million capital improvement plan to renovate the community's
See Original Article

Trade Concern Seeps Into Canadian Consumer Confidence Numbers

The Bloomberg Nanos Canadian Confidence Index is based on a four-week rolling average of 1,000 telephone respondents, who are asked questions about whether they are positive or negative about their personal finances, job security, the outlook for the economy and real estate prices. The survey
See Original Article

Rocket Mortgage blasts off with TV ads, product placement with 'Avengers: Infinity War'

Rocket Mortgage is blasting into orbit with an advertising and product placement deal with “Avengers: Infinity War.” The Detroit-based Quicken Loans brand debuted a new TV commercial online Monday that combines Rocket Mortgage with characters from the Marvel franchise's latest movie, which hits
See Original Article

Manhattan's Luxury Market Has Strong Week Leading to Easter

Manhattan's luxury market defied the shortened holiday week with robust activity, according to the Olshan Report on Monday. Buyers signed contracts for 26 homes priced at $4 million or more, a tie for the same week during 2015 and the largest total during Easter (and Passover) since Olshan Realty
See Original Article

Canadian Real Estate Bubble Blowing Up North

According to the Real Estate Board of Greater Vancouver, single detached homes in Vancouver (on a local currency basis) have risen from approximately $400K CAD to $1.75 million CAD since 2002. That's a 337% increase in 15 years. With incredibly fast rising prices, a large portion of the population
See Original Article

Saudi Arabian women to drive economic growth from aviation to banking

It will boost industries from car sales to entertainment, aviation to banking and retail, and reassure investors that Saudi's push to diversify its economy and beef up the private sector. But analysts expect the initial boost to growth to be modest as more jobs need to be created and more nationals trained in
See Original Article

Apple Is Planning a Move From Intel to Mac Chips

Apple Inc. is planning to use its own chips in Mac computers beginning as early as 2020, replacing processors from Intel Corp., according to people familiar with the plans. The initiative, code named Kalamata, is still in the early developmental stages, but comes as part of a larger strategy to make all of
See Original Article

American Assets Capital Advisers Has Increased Cadiz (CDZI) Holding By $2.25 Million; Investors …

American Assets Capital Advisers Has Increased Cadiz (CDZI) Holding By $2.25 Million; Investors …

Investors Title Co (ITIC) investors sentiment increased to 1.36 in 2017 Q4. It's up 0.32, from 1.04 in 2017Q3. The ratio has improved, as 30 active investment managers increased and opened new holdings, while 22 sold and reduced positions in Investors Title Co. The active investment managers in our
See Original Article

MARK Z Real Estate Experts of Metro Detroit, joins cloud-based brokerage firm

MARK Z Real Estate Experts joined forces with eXp Realty, LLC, a cloud-based real estate brokerage firm. The MARK Z real estate firm recently moved to its new headquarters in Novi, at 40020 W. Twelve Mile Road, Novi. Previously with Keller Williams since 2006, MARK Z has 30 agents and staff
See Original Article

14718 Shares in Matthews International Co. (MATW) Purchased by Gotham Asset Management LLC

Several other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in Matthews International by 7.8% in the fourth quarter. BlackRock Inc. now owns 4,166,858 shares of the company's stock worth $220,010,000 after buying an additional
See Original Article

Donald Trump's Attacks on Amazon Are Dragging Down His Stock Market Bragging Rights

Donald Trump has long bragged how his presidency has been a boon to the stock market. His recent attacks on Amazon.com Inc. are undermining that position. Shares in the online retail giant have plunged 11 percent since last week, when Axios reported that the president was “obsessed” with
See Original Article

Publisher's note: Chicago, here we go

It's fitting as we approach our 15th anniversary covering the real estate beat that we move into a market as fascinating, as complex and as important as Chicago. The city seems poised for considerable growth. Sales volume in the residential market has nearly doubled over the last three years, and big
See Original Article

HUD OIG: FHA Insured $1.9B in Loans for Ineligible Borrowers

The Department of Housing and Urban Development's Office of Inspector General (HUD OIG) reported that the Federal Housing Administration (FHA) insured 9,507 loans during 2016 worth $1.9 billion for borrowers who were not eligible to participate in the FHA program. The Department of Housing and
See Original Article

Monmouth Real Estate Investment Corporation (MNR) to strike $18.6 in short term period

Monmouth Real Estate Investment Corporation (MNR) was active stock of Wall Street Market on Thursday. MNR moved -1.57% to 15.04. Monmouth Real Estate Investment Corporation received interesting focus from Active Investors and it has been trading on front line as seeing to it recent volume.
See Original Article

National Median Rent Down for Third Straight Month

The national median one-bedroom rent prices for April dropped by 1.91 percent from the previous month to $1,026, according to new data from ABODO. This marked the third consecutive month of falling rent prices. Also for the third consecutive month, Syracuse, N.Y., recorded the largest rent decrease
See Original Article

2018 HW Tech100 Winner: SimpleNexus

The company offers a private-label solution that connects lenders with its borrowers and Realtors to a single, branded solution to easily exchange data and documents throughout the entire loan lifecycle. Borrowers are able to search for homes, apply for a mortgage, run calculations, upload documents
See Original Article

15000 affordable homes to be built to tackle Bristol's housing shortage

With house prices and rent still rising dramatically year after year, the challenge is set to build more affordable homes for people and families in Bristol. At the moment, the average house price in Bristol is £290,197, and across the region house prices have risen by almost £14,000 in the last year.
See Original Article

Tesla woes dent Elon Musk's fortune and chances on US$2.6 billion grant

One of the worst weeks in Tesla's 15-year-history has sapped Elon Musk's net worth and made the moon shot goals underlying his US$2.6 billion award seem all the more audacious. The electric-carmaker's stock has tumbled about 20 per cent since Musk's record grant of share options was approved
See Original Article

MBSB Bank to launch fintech, internet banking

KUALA LUMPUR: MBSB Bank Bhd, which is now the second largest full-fledged Islamic bank in the country with the transfer of all Malaysia Building Society Bhd's (MBSB) syariah-compliant assets and liabilities to Asian Finance Bank Bhd (AFB), will launch fintech capabilities in the third quarter of this
See Original Article

Amid Federal Threats, State Treasurer Pushes For Marijuana Banking Access

In the face of threats from one of the state's federal prosecutors, West Virginia's top fiscal official is calling on the Trump administration to clarify its position on whether marijuana growers and sellers should be able to put their profits in banks. “I support the rights of my fellow West Virginians, and I
See Original Article

Private banks' share in overall loan pie rising; will banking crisis render most PSBs dodos?

'Should public sector banks be privatised?' is a question that is being thoroughly debated these days. Arguments have been offered from both sides. Those against the idea of public sector banks (PSBs) being privatised like to say that private sector banks also make bad lending decisions and end up
See Original Article

Feds to update NW Indiana residents on lead, arsenic cleanup

The (Northwest Indiana) Times reports that officials from other federal agencies will join the city of East Chicago and its housing authority at the event. Cleanup work is ongoing in two neighborhoods within the Superfund site, but not at the West Calumet Housing Complex. That housing was built in the
See Original Article

Class Appraisal Acquired by Narrow Gauge Capital

Alex Elezaj, Chief Executive Officer of Class Appraisal, said, “Narrow Gauge Capital has developed deep knowledge of the mortgage industry and has consistently demonstrated its strong commitment to providing unmatched client service and world-class technology. Our new ownership will allow us to
See Original Article

US mortgage rates essentially unchanged

“Treasury yields fell from a week ago helping to drive mortgage rates modestly lower,” said Len Kiefer, deputy chief economist at Freddie Mac. “The yield on the 10-year Treasury dipped below 2.8 percent for the first time since early February of this year. The decline in Treasury yields comes as investors
See Original Article

5 things to know: Banks & gun makers

Our man on the banking beat Jeff Blumenthal spoke with Pennsylvania Attorney General Josh Shapiro about the investigation into claims of discriminatory mortgage lending policies by some of Philadelphia's biggest banks. But that's not all. Shapiro told Jeff he is also looking into possible redlining by
See Original Article

USDA Announces Commodity Credit Corporation Lending Rates for April 2018

The U.S. Department of Agriculture's (USDA) Commodity Credit Corporation today announced interest rates for April 2018. The Commodity Credit Corporation borrowing rate-based charge for April is 2.000 percent, up from 1.875 percent in March. The interest rate for crop year commodity loans less than
See Original Article

Is Sun Life Financial Inc. or Bank of Nova Scotia Better for International Exposure?

Canadian investors are searching for ways to diversify their portfolios and get exposure to growth opportunities around the world. Buying ETFs or international stocks is certainly an option. As an alternative, investors who prefer to own individual companies but don't like the risks associated with buying
See Original Article