Palestinians hunt for partner in lucrative Gaza gas field

Palestinians hunt for partner in lucrative Gaza gas field

The Palestinian state investment fund is on the lookout for an international partner to realize its dream of developing a natural gas field off the coast of … The remaining 45% will be offered on the international market to a buyer brave enough to take on the political and security risks of the turbulent region.
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IRS tax program used by mortgage applicants fails to protect personal data

Following a home-loan-related request, mortgage companies and banks generally receive tax transcripts within two to five business days. The overall transcript delivery system — which includes services for lenders, tax professionals and others — is massive. According to auditors, nearly 169 million
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Daimler Holders Seeking Clarity on China's Role Come Up Empty

Daimler AG investors received little to ease concerns over technology sharing and the future of a corporate overhaul after Chinese billionaire Li Shufu became the company's largest shareholder. The company is open to explore joint projects with Li Shufu, who has held a 9.7 percent stake since
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Crypto Selloff Driven by $25 Billion Capital Gain Hit, Tom Lee Says

The April 15 income-tax filing deadline is contributing to crypto's falling prices as investors who won big betting on the digital tokens sell some of their remaining holdings to pay $25 billion in capital-gains levies, Tom Lee, the head of research at Fundstrat Global Advisors, wrote in a note Thursday.
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Vegan Wrestler Austin Aries Wins Top Impact Wrestling Title

Aries is not the only vegan professional wrestler to hold an Impact Wrestling champion title. Allie, a plant-based athlete who performed under the name “Cherry Bomb” in the independent circuit, is currently in her second run as Impact Knockouts Champion, the company's women's wrestling division.
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Connecticut and Hartford Get $2 Billion Offer for Properties

Desperate times call for desperate measures. But are Connecticut and its capital, Hartford, desperate enough to sell and lease back their properties and guarantee the buyer a hefty return? A Chicago-based private equity real estate firm is offering as much as $2 billion to purchase office buildings,
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Embattled EPA Chief Target of Fresh Questions in New Ethics Memo

He paid a total of $6,100 over a roughly six-month period last year, according to documents reviewed by Bloomberg News. Pruitt told the Washington Times in an interview this week that career ethics officials at the EPA “reviewed the lease and have determined there are no ethical concerns — that it's
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Remaining relevant with the changing digital banking consumer

As we have all evolved as businesses in the market place, the banking customer has also changed dramatically over the last 5-10 years. A person shopping for a new banking product or service now consults on average 8.9 sources of information! And branch traffic continues to decline year over year,
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PeerStreet Marketplace for Real-Estate Loans Grabs $29.5 Million

Startup PeerStreet, which operates a marketplace for “fix-and-flip” real-estate loans, has raised $29.5 million in Series B financing. The round was led by World Innovation Lab, with participation from existing investors Andreessen Horowitz, Thomvest, Colchis Capital, Felicis Ventures and new investors
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Mother-in-law admits to lending RM100k to Adam Rosly

KUALA LUMPUR: The mother-in-law of Ampang PKR Youth chief Datuk Adam Rosly Abdullah admitted that she had lent RM100,000 to her son-in-law in October 2016. Zaiton Abdul Rahman, 56, told the sessions court here today that there was no signed agreement when she handed over the money in
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ASIC urges flat fees for mortgage brokers

by Patrick Durkin. Mortgage broker fees should be scrapped and replaced with a flat payment, the corporate regulator has told the banking royal commission, amid concerns the industry standard model “creates an unacceptable risk of poor consumer outcomes” within the $1.6 trillion home loan market.
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Facebook shares rise as Zuckerberg soothes investors

Data from Evercore ISI analysts confirmed Zuckerberg's claim, with Facebook having the top four most downloaded apps globally in March across more than 40 applications tracked in Android and iOS app stores. Also, Facebook's social app downloads improved on a monthly basis both in the U.S. and
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Fewer Spotify Shares Sold Than Expected in Unusual Listing

Fewer Spotify Technology SA holders sold shares in the company's direct listing Tuesday than expected by advisers, potentially contributing to an initial shortage that drove the price up, people familiar with the matter said. Spotify's stock opened at $165.90 at 12:43 p.m. in New York and climbed as high
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What's Up In The Real Estate Market…

With help from Avison Young, the global law firm has a new 11,730-square-foot space inside the Lynn Financial Center. “Landing a leading global law firm shows the unique appeal of the Lynn Financial Center,” said Avison Young Principal Greg Martin. “The building has feel and culture that exemplifies
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Investors Title Company (ITIC) Trades at $195.78 Forming Multiple Top Chart Pattern

During Q4 2017 the big money sentiment increased to 1.36. That's 0.32, from change from 2017Q3's 1.04. 2 investors sold all, 20 reduced holdings as Investors Title Company ratio improved. 22 rose stakes while 8 funds bought stakes. Funds hold 790,051 shares thus 0.46% more from 2017Q3's
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Less mortgage credit available for a challenged housing market

Mortgage credit availability tightened during March to its lowest level in over a year, adding another headwind to a market challenged by rising interest rates and a shortage of homes for sale. The Mortgage Credit Availability Index fell to 177.9 in March from 180.7 in February and from its post-housing
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Simply Money: Is a 15- or 30-year mortgage better?

Determine if you'll be able to support the higher payment that comes with a 15-year mortgage, and, if so, if it will take away from your retirement contributions. You don't want to miss out on investing in your 401(k) or Roth IRA because you're spending too much on your house. You also want to be sure
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'Bounty hunter' George Rawlings may be the richest Kentuckian you've never heard of

Victim advocates – Louisville personal injury lawyer Sheila Hiestand among them –say Rawlings and others like him make their fortunes on the backs of injured people, often enriching themselves by riding the coattails of lawyers who sometimes fight for years to get settlements and verdicts. Other trial
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The Opioid Epidemic Is So Bad the Surgeon General Just Released the First Public Health …

In a rare move, U.S. Surgeon General Jerome Adams has issued a public health advisory urging more Americans to carry the opioid-overdose-reversing drug naloxone. Many first responders and medical professionals already carry naloxone, which is often sold under the brand name Narcan and can
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People moves: ATP appoints real estate CFO; Janus poaches USS manager [updated]

ATP Real Estate – Martin Vang Hansen has been hired by Danish pensions giant ATP's property subsidiary, ATP Real Estate, in the newly-created role of chief financial officer. He will start the Copenhagen-based job on 1 May. Vang Hansen is currently chief executive of the Færch Foundation,
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Aging Is Risky Business: Considerations for Senior Living Providers

Aging Is Risky Business: Considerations for Senior Living Providers

Fortunately, the demand for senior living units is expected to be strong well into the future due to positive factors including demographic trends and the strong U.S. economy combined with record-level stock market valuations. As the residential real estate market continues to be healthy, many retirees are
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United Bank to expand lending subsidiary to Fla.

Its resXpartners subsidiary is a banking arm of United that provides what is known as “warehouse” lending, or “correspondent lending,” its website says. The type of lending in general involves line-of-credit financing for loans and mortgages originated by other banks, credit unions, and independent
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Banks back mortgage brokers

Just two weeks into formal hearings for the royal commission, senior counsel assisting the royal commission Rowena Orr QC has put major banks under the microscope, uncovering mortgage fraud, bribery, false documentation, failure to verify customer income and failures to report misconduct to the
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Essential mobile banking tips

Mobile banking has continued to grow in popularity across the banking sector. More people are now doing banking transactions on mobile devices than anywhere else due to the convenience which mobile banking provides. Such popularity has however exposed this innovation to attacks by online
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Deutsche Investment Banking Co-Head Has Had Talks About Leaving

The South African longtime equities-trading executive has had multiple conversations with Deutsche Bank's chairman, Paul Achleitner, and others about leaving the lender, the people said. The discussions are ongoing and no decisions have been made by Mr. Ritchie or Deutsche Bank about his role or
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House Prices Creeping Upwards Again in Brampton

Toronto Real Estate Board (TREB) recently announced that GTA realtors reported 7,228 residential transactions through TREB's MLS System in March … “A well-functioning housing market is not only important to ensure that people have a place to live; it is also important because it supports hundreds of
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34 Doña Ana County properties to be auctioned for back taxes

Best practices dictate that a commitment to issue title insurance be obtained from a title company before bidding on a property. Step three is to register and obtain a bidder number from the auctioneer. Property types range from landmarks like the Santa Teresa Country Club, consisting of 147.94 acres
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Improving The Client Experience With Digital Banking Strategies

Financial institutions depend on satisfied customers. In an increasingly competitive marketplace—populated by fintech startups engineered to keep pace with exacting consumer needs—banks and firms must adapt and upgrade by implementing technologies like artificial intelligence and cloud-based
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Analysts Estimate: Apollo Commercial Real Estate Finance, Inc. (ARI) expected to reach average …

This discount could be the result of weak market conditions or overreaction to recent company setbacks. The ideal time to sell a stock is usually when it is trading higher than its target price range or during overheated markets. Apollo Commercial Real Estate Finance, Inc. (ARI) was active stock of Wall
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MLSs Take Giant Step Forward with Launch of Innovative Real Estate Data Platform: The MLS Grid

SALT LAKE CITY, April 05, 2018 (GLOBE NEWSWIRE) — The MLS Grid is thrilled to announce its official launch within its first market. The MLS Grid platform removes barriers related to accessing multiple listing service data for real estate brokers and their vendors by providing a consolidated source of
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BRIEF-Danske Bank's Business Banking Chief Resigns

BRIEF-Danske Bank's Business Banking Chief Resigns. Reuters Staff. 1 Min Read. April 5 (Reuters) – Danske Bank A/S: * SAYS ‍LARS MØRCH HAS TODAY RESIGNED FROM HIS POSITION AS MEMBER OF EXECUTIVE BOARD OF DANSKE BANK. * MØRCH HAS BEEN RESPONSIBLE FOR
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Banks see fast pace for MidEast, Africa deals in bumper year

Asset sales from Saudi power plants and football clubs to African energy firms are set to help deliver a bumper year for deals in the region. Investment banks expect the pace of transactions in the Middle East and Africa seen in the first quarter to gain momentum. Mergers and initial public offerings in the
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MPs grill Kiwibank over fitness of its core banking system

Parliament's Finance and Expenditure Committee has grilled Kiwibank over the state and fitness of its core banking system after the bank wrote off a … “Consistent with the decision to close CoreMod, additional investment has been made to provide stability and support for the current core banking
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Crash Course in Market Timing Shows Cost of Being Wrong at Tops

It's the eternal debate. Stocks are teetering. Volatility's back. Do you ride it out, or take the money and run? The question is obvious, the answer is not. Like now. Is it the end? Facebook and Amazon are in free fall, the yield curve is flat and the Federal Reserve is bent on raising rates. But profits are rising,
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Republicans Warn Trump a Trade War Risks Party's Chances in November

“It's my hope that the Trump administration will reconsider these tariffs and pursue policies that enhance our competitiveness, rather than reduce our access to foreign markets,” Iowa Republican Senator Joni Ernst said in a statement. Iowa's other Republican senator, Chuck Grassley, said in a statement
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BlackRock to Offer New ETFs Excluding Investments in Gun Makers

BlackRock Inc., the world's largest asset manager, plans to start two exchange-traded funds that will exclude civilian firearm makers and large sellers in the wake of the Florida high school shooting. The iShares MSCI USA Small-Cap ESG Optimized ETF, which will start trading on or about April 12, will
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PM's India visit: Special focus on energy banking

The concept of energy banking has been put in the priority list of the visit to store electric power in rainy season after the completion of mega projects such as Upper Tamakoshi Hydropower. The 456-Megawatt (MW) project being constructed by the Nepal Electricity Authority (NEA)'s subsidiary company
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BC builder sees hope in new tax laws

“The biggest issue with the housing market when it was really, really hot was a lot of people were building to sell. Every contractor and their cousin's dog was busy. At that time, there were a lot of builder/developers, a lot of people wanting to build homes to sell to make a large profit, which caused a lot of
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Statoil's Askeladden jackup seeking its fortune at Gullfaks field

STAVANGER — The new Cat J jackup rig Askeladden started drilling at Gullfaks field on March 26, with the goal of providing new production from old wells and exploring to create new value. null. The new Cat J jackup rig Askeladden. Photo: Statoil. Askeladden has been bought by the Gullfaks licence to
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Brazil's Left Buried With Lula Downfall

Want to receive this post in your inbox every morning? Sign up for the Balance of Power newsletter, and follow Bloomberg Politics on Twitter and Facebook for more. Luiz Inacio Lula da Silva's fall is complete. The improbable rise of a young boy from street-side peanut seller to Brazilian president has
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FairFX unveils card issuance, business lending service

FairFX unveils card issuance, business lending service

FairFX unveils card issuance, business lending service. 5 April 2018 | 09:52am. StockMarketWire.com – FairFX announced Thursday self-issuance of Mastercard branded cards and launched a commercial finance capability to its business banking customers. Self-issuance paves the way for FairFX to
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Barclays announce launch of new Green Home Mortgage

Barclays Mortgages has announced that it has launched a new low interest rate product for buyers who opt for an energy efficient new build home. According to the lender, the new mortgage is available from next week and borrowers are able to choose two or five-year fixed rates up to 90% LTV, with
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Starcrest Scores $277M Final Close of Second China Real Estate Fund

Private equity shop Starcrest Capital Partners has achieved a $276.5 million final close of its second China real estate fund, the Hong Kong and Shanghai-based company announced. The vehicle's limited partners include banks, endowments, pension funds, asset managers and family offices across
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Perth's housing market was stable in March

Perth's median house and unit prices were stable in March, indicating that both sectors of the housing market were holding up well, according to the latest data from the Real Estate Institute of Western Australia (REIWA). Hayden Groves, president of REIWA, said Perth's median house price had
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Bridging lenders Oblix Capital and Fiducium report bumper lending and growth

At the same time, Oblix Capital reported record lending volumes in March, completing £19m of bridging and development loans. The London based lender is also growing in size and has made a number of new appointments in recent months, including Andy Reid as sales director. Rishi Passi, chief
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Real Estate Advice: Getting a mortgage hard, but not impossible, for self-employed

Q: I am self-employed and want to buy a house or condo, but have been told that it is very hard to qualify for a mortgage when you are self-employed. Is this true and what can I do to help my situation? A: Yes, qualifying for a mortgage is harder for people who are self-employed, but not impossible.
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Spain Readies Dragnet for Crypto Tax Evasion

… Tech Stock is Set to Soar by 2020 (50 Billion Devices)Banyan Hill Publishing · Farm Fresh To You · People in Mountain View are Skipping Grocery Lines with this ServiceFarm Fresh To You · Credit.com · The Highest Paying Cash Back Card Has Just Hit The MarketCredit.com. LIVE ON BLOOMBERG.
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Indian Lending Exchange Runs Hyperledger Fabric in Production

A trio of Indian government-sanctioned companies built a blockchain network to ensure that if a borrower obtains a loan via one of them, the other two will be notified to avoid duplicate lending. It's part of an exchange platform they created to bring lenders together with borrowers. The group built their
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ACCC's Rod Sims demolishes bankers' 'appalling' excuses for bad behaviour

Australian Competition & Consumer Commission chairman Rod Sims has taken aim at bankers who have told the Hayne royal commission they were powerless to change shoddy lending practices in the home and car loan markets for fear of losing market share. “I honestly think it's appalling”, Mr Sims
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Twitter Has Suspended 1.2 Million Terrorist Accounts Since 2015

The social network on Thursday published a blog post detailing the highlights from its 12th biannual Twitter Transparency Report, where it reveals information about accounts it's removed, inquiries from governments, and data requests. In that post, Twitter revealed that it removed nearly 275,000 terrorist
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The Grameen Crédit Agricole Foundation and CoopMed provide landmark loan to FINCA Jordan …

AMMAN, Jordan, April 5, 2018 /PRNewswire/ — The Grameen Crédit Agricole Foundation will provide a USD 2 million loan to FINCA Microfinance Company Jordan (FINCA Jordan), a FINCA Impact Finance subsidiary, for on-lending to individual, micro, small and medium-sized businesses (MSMEs).
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'Harry Potter' Game Launch Date Set With Maggie Smith, Other Actors Lending Their Voices

Dame Maggie Smith and other actors from Warner Bros.' Harry Potter films will be giving voice to characters in the new “Harry Potter: Hogwarts Mystery” role-playing game, which is officially slated to launch April 25. In the game, players create a personalized student avatar to experience life as a student
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Financial Stock Roundup: Neuberger Berman Real Estate Securities Income Fund Inc. (NRO)

Every trading day indicate diverse behavior and trends about Neuberger Berman Real Estate Securities Income Fund Inc. (NRO) stock. Now we observed the different factors that seen on close of Wednesday session. At the end of the day, it's only a stock's performance that matters. Active investor
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Best Rate Referrals Expands into Personal Finance with Launch of Loan Advisor

Apr. 5, 2018 / PRZen / CLEARWATER, Fla. — Award-winning mortgage marketing firm Best Rate Referrals announced it is expanding into the world of personal finance with the launch of Loan Advisor, a new online marketplace designed to provide consumers with simple and fast personal loan quotes
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Alaska's economy loses millions to predatory lenders

The flashing neon lights and bright signs of payday lenders offering short-term loans at more than 400 percent interest have become a fixture in towns and cities across the Frontier State. But while these predatory lenders are never hard to find, it can be nearly impossible to get out of one of their loans.
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HSBC leaks: Spain holds Swiss bank whistleblower Falciani

Spanish police have arrested a whistleblower convicted in Switzerland for sending thousands of HSBC clients' secret bank details to tax authorities. In 2015, a Swiss court sentenced the French national, Hervé Falciani, to five years in jail for industrial espionage. He had fled to France from Geneva in
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Lenders Are 'In Limbo' Amid Potential Changes to CFPB Fair Lending Policies

The battle over how the Consumer Financial Protection Bureau polices discrimination cases has long been one of the most contentious wars waged between the auto finance industry and its regulators. This battle had led to multi-million-dollar consent orders, has forced or persuaded several lenders to
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New York real estate firms are shipping up to Boston

The biggest residential brokerages in New York are bulking up their presence in Beantown, where low inventory and climbing prices have formed a seller's market. Douglas Elliman, Compass and Engel & Völkers have all been expanding in the city over the past month, according to Inman.
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Renters Losing Interest in Homeownership

Along with a declining rate of homeownership, analysts have noted over the last few years that fewer Americans appear to be heavily invested in the dream of owning a home. New research from Freddie Mac gives more credence to what a company official calls a historic shift in the preferences of older
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Bainco International Investors Has $10.52 Million Position in TJX Companies (NYSE:TJX)

TJX Companies logo Bainco International Investors raised its stake in shares of TJX Companies (NYSE:TJX) by 2.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 139,261 shares of the apparel and home fashions retailer's stock after buying an additional
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What's in a Name of a Banking Committee?

What's in a Name of a Banking Committee?

Shortly before, the Congress had restructured Fannie Mae into a government-sponsored housing finance enterprise, and created another one in Freddie Mac, both actions with momentous but unintended future results. The Committee on Banking, Housing, and Urban Affairs the Senate committee
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Council enters open property market to boost housing stock

The main criteria set against the purchase of homes on the open market will be: demand for the type and size of property in that area, combined cost of buying the property and bringing it up to letting standards, enabling the council to take complete (or majority) ownership of blocks of flats to carry out
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Conversational Technologies Bring Great Value to Banking Experience

According to a report by Accenture, the conversational technology with these capabilities could become the third pillar of a financial institution's distribution network, joining mobile banking and a smaller branch network. The report also highlights few major components required to build an effective
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Dow tries for first 3-day gain in a month as trade fears take a back seat

U.S. stocks opened firmly higher on Thursday, extending a late-session rally from the prior session, as investors dialed back on fears that a trade spat between the U.S. and China will materialize. The major equity indexes staged a big turnaround Wednesday after opening sharply lower, as traders
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Mortgage rates ease for second consecutive week, third time since January

Mortgages rates dropped for the second week in a row and just the third time this year. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average slid to 4.40 percent with an average 0.5 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.)
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Data Sheet—How Zuckerberg Acts in a Crisis

Fortune digital editor Andrew Nusca here, in for Adam. Facebook CEO Mark Zuckerberg took the extraordinary step of speaking to the press on Thursday in a sign that the narrative around the company—that it can't adequately protect the personal information of the many millions of people who use its
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Covestro unveils new survey of US Fortune 1000 CEOs on business and purpose

In the U.S. today, the age of the “purpose-driven” company has taken root – and will continue to grow in the coming decade. Stakeholders, including top talent, increasingly are demanding companies have a purpose beyond making a profit and the c-suite itself recognizes that a company's future success
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Bank of America's investment banking boss in Europe retires

The co-chief executive of Bank of America Merrill Lynch's European investment bank is retiring in the latest leadership reshuffle within the US institution's London office. Bob Elfring, who joined BAML seven years ago, has helped lead its corporate and investment bank in Europe, the Middle East and
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Wyoming County FastTrac is giving county new fortune

Starting your own business may be your dream, but it can be a daunting dream, especially in rural communities. Wyoming County's FastTrac New Venture Program is helping dreams come true. In fact, its success rate attracted the attention of the Kauffman Foundation, which created the program.
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​Commonwealth Bank issues apology over system outage

The Commonwealth Bank of Australia (CBA) has issued a statement on Thursday, apologising for the “intermittent issues” its systems experienced on Wednesday. The apology followed reports that customers of the bank were left without access to their credit card and loan information on the online
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Meet the modern 'hipster witches' making a fortune from casting spells

It's playtime at George White primary school in Norwich and, in the house opposite, two witches are staring into a crystal ball. On the table in front of them are candles and spell books, a bunch of white sage and a bottle of magic moon water. A skull named Yorick sits between some tea lights and, under
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How banks can control their own fate

Day one of The Australian Financial Review Banking & Wealth Summit was about how Australia's bankers lost the trust of the public. Day two was about banks realising they need to respond to that – rediscovering their sense of purpose and winning trust back. That clearly means weathering whatever
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AVIAA Brings Group Purchasing to Business Aviation

Start-up firm AVIAÂ claims to have become the first to enable group purchasing in business aviation, potentially leading to significant savings for aircraft owners and operators. The UK-based company claims to have pioneered predictive analytics software that will “bring the benefits of the group
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Real estate sales drop in March

The real estate landscape around the Golden Horseshoe continues to feel the affects of measures implemented to cool the market, with Hamilton seeing an over 37% drop in sales and Toronto getting hit even harder. The Realtors Association of Hamilton and Burlington say that only 592 homes,
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SourceMedia Promotes Dennis Strong to SVP, Head of Media Sales

… serving senior-level professionals in the financial, technology and healthcare sectors. Brands include American Banker, PaymentsSource, The Bond Buyer, Financial Planning, Accounting Today, Mergers & Acquisitions, National Mortgage News, Employee Benefit News and Health Data Management.
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You know Illinois' property taxes are sky-high. But the calculation process might surprise you.

“We see that home price appreciation is held in check by property taxes,” says Blomquist. “In higher-tax states, you don't see home prices rising as quickly during an up cycle in the housing market because people have to pay (through taxes) for those higher values, so those markets are a little more
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Bitcoin Tracker Chainalysis Raises $16 Million, Plans to Track 10 More Cryptocurrencies

Until now, Chainalysis has only focused its forensic work on one blockchain—the first and most famous one, which belongs to Bitcoin. This work has included assisting the IRS to find tax cheats, and producing a highly-cited study, first covered by Fortune, that revealed more than 4 million Bitcoins are lost
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Retail experts drive Russia's SME banking revolution

“Traditional SME banking in Russia was based on a corporate model,” says Roman Zilber, head of small and medium-sized enterprise banking at Raiffeisen's Russian subsidiary. “Processes were complex and cumbersome – which was fine for corporates, because they have dedicated staff to manage
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Hawaii's industrial real estate market remains steady, report says

Hawaii's industrial real estate market is steady, with little movement in vacancy rates and rents during the first quarter, according to CBRE's quarterly industrial market report. “That's kind of the neverending story in industrial,” said Trent Thoms, a vice president in CBRE's Industrial and Land Services
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Finalists for 2018 Asia Property Awards (Malaysia) revealed

PropertyGuru Asia Property Awards founder and managing director Terry Blackburn added: “This year's crop of shortlisted nominees prove that despite market challenges and temporary downturns, developers who are truly invested in the success of the property sector deserved being celebrated.”.
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UPDATE 1-Norway's housing prices rose further in March

UPDATE 1-Norway's housing prices rose further in March

OSLO, April 5 (Reuters) – Norwegian housing prices rose for a second consecutive month in March, boosted by strong demand for homes in the capital, although the first quarter still suffered its weakest performance in a decade, real estate industry data showed. Seasonally adjusted housing prices rose
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Second-Biggest Pakistan Bank Targets 'Enormous' Youth Market

Pakistan's second-largest bank by assets aims to double its current-account deposits in five years as it extends its reach into the nation's rising middle class through new technology and a branch revamp. United Bank Ltd. is seeking to increase its number of customers by about 40 percent to 10 million in
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Sydney Housing Market Has Slowed: Here's How the Construction Pipeline Has Responded

The recent boom in Sydney dwellings was characterised by consecutive monthly gains between March 2012 and October 2015, and again between May 2016 and July 2017. Over the whole period between March 2012 and July 2017, the annualised return on Sydney dwellings was an astonishing 10.7
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Kiss Daniel begins quest for fan who returned his lost 'fortune'

The singer, real name Anidugbe Oluwatobiloba Daniel, had lost the jewelry during his set at the BBK Africa's Homecoming Concert. In a video posted on Instagram, a fan in the audience could be seen tugging at his trousers and subsequently returning the chain. Daniel described the chain as a “fortune”
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WHO'S NEWS: Commercial appointments and promotions

Mr. Sommers has led somewhat of a classical career path in title insurance. Just prior to joining AmTrust Title, he was Vice President Florida and Alabama for Title Resource, Realogy where he oversaw those states by providing title and related services to independent title companies and real estate
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Land Registry records first digital mortgage

HM Land Registry has registered the first digital mortgage for the UK, recording a transaction between the Coventry Building Society and Enact Conveyancing for a house in Rotherhithe, south-east London. 'Register' key on keyboard Carried out under the 'Sign your mortgage deed' service, under which
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Chilean Cryptocurrency Exchanges Now Denied Banking Services

According to local news source emol.com, Orionx said in a statement last Thursday that it had been informed in a letter from the bank that its account was to be closed. The letter said: “BancoEstado adopted the decision, for now, not to operate with companies engaged in the issuance or creation,
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Wall Street's Big Banks Are Waging an All-Out Technological Arms Race

Despite being the dominant equities shop on Wall Street, its electronic operations had become almost an afterthought. Goldman Sachs had gotten to the top by catering to the types of companies that ruled financial markets for decades: long-short hedge funds and active asset managers. In the pre-crisis
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NPAs, loan scams to make growth a tough ask for corrupt businesses

Over the past few years, NPAs in the banking system have ballooned and have crossed 10 per cent of lending in many instances. … While an attempt is being made to learn from the best practices of each lending entity, frankly, few best practices seem to have worked and all banks, even private sector
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HSBC leaker Falciani detained in Spain at demand of Switzerland

[MADRID] Spanish police on Wednesday detained Herve Falciani, a former computer analyst at the Swiss branch of HSBC who leaked documents alleging the bank helped clients evade millions of dollars in taxes, a police source said. “He was arrested in Madrid, in the street on the way to a conference
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BankLabs Expands Operations in Arkansas with Support form Arkansas Economic Development …

BankLabs recently added +Pay to its product offerings, automating the payment stream to sub-contractors from banks, general contractors, builders, title companies or disbursing agents. +Pay integrates seamlessly with BankLabs' Construct product, which automates the residential and commercial
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'Buy American' Policies Boost Private Industries' Use of Prison Labor: Study

… means buying goods produced by America's thriving prison-based industries, says a new paper. “The public sentiment against outsourcing has…offered prison labor programs unique opportunities for expansion under the rubric of providing a competitive alternative to low-cost foreign workers,” writes
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Kings XI Punjab aim for change of fortune in IPL 2018

NEW DELHI: Even as the Kings XI Punjab prepare for the 11th edition of the Indian Premier League (IPL) under new skipper Ravichandran Ashwin, they will hope for a turn around in their fortunes after failing to live up to expectations which they raised at the start of each of the past 10 seasons.
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World Bank, IDB Urge Islamic Finance to Play the Long Game

SYDNEY (Reuters) – The World Bank and the Saudi-based Islamic Development Bank want to increase the use of long-term investments in Islamic finance, … “The biggest challenge in achieving the potential of Islamic finance for funding long-term investments lies in the dominance of the Islamic banking
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First digitally signed mortgage registered at HMLR

Filed by Enact Conveyancing and Coventry Building Society, no witness was required to witness the signing, nor was the traditional ink signature needed. The registration forms part of HM Land Registry's plans to transform the conveyancing market, utilising digitisation and the improved use of
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Lennar Corp | $LEN Stock | Shares Climb After Revenue Figures Surpass Wall Street Estimates

The company's homebuilding operations include the sale and construction of single-family detached and attached homes, as well as the development, sale and purchase of residential land. Lennar provides closing services and title insurance to its homebuyers through its subsidiaries in over 35
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Real Estate Investment Platform, Sharestates, Changes the Game with User Experience (UX)

… Sharestates is incorporating engineering, audience development and content for a fresh and crisp user experience aimed at helping users simplify the money lending and borrowing process. The portals include interfaces for borrowers, brokers, bank attorneys, settlement agents, and title companies.
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Kenya: Treasury Sets Up Financier for Kenyatta's Low-Cost Home Loans Plan

The Treasury Wednesday announced that it was teaming up with the private sector to establish a wholesale company that will finance commercial banks and saccos to enable them disburse affordable home loans to low-income earners. The new entity, to be known as the Kenya Mortgage Refinance
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LendingHome Wins HousingWire Tech100 Award for Second Year

SAN FRANCISCO–(BUSINESS WIRE)–LendingHome – the largest, fastest-growing online mortgage marketplace lender – today announced a second consecutive spot on the HousingWire Tech100 list, which recognizes the most innovative technology companies in the U.S. housing economy.
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Zuckerberg Speaks, Oracle and Trump, YouTube Security: CEO Daily for April 5, 2018

Berlin-based Fortune writer David Meyer here, filling in for Alan today. Facebook's share price is up a few percentage points after CEO Mark Zuckerberg said the recent scandals hadn't made “any meaningful impact” on the business. The claim came as Facebook confirmed that it scans the links and
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China Ouhua expected to receive land title transfer in a month

China Ouhua expected to receive land title transfer in a month

KUALA LUMPUR (April 5): China Ouhua Winery Holdings Ltd has yet to receive the transfer of land title ownership from a local authoritiy in China for its purchase of a piece of 40-acre land, more than four years since the acquisition was proposed. The group said it was informed by the Land Commission
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7-Eleven Owner Forecasts Profit to Grow Amid Overseas Push

Seven & i Holdings Co. forecast full-year profit will increase 6 percent as the convenience store operator looks to draw in more revenue from an expanded U.S. presence. Operating profit will probably rise to 415 billion yen ($3.9 billion) in the year through February 2019, the Japanese company said in a
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Morning Scan Mulvaney responds to Warren; Deutsche's investment

American Dream deferred: “Affordability challenges [are taking] a bigger toll on American aspirations of homeownership,” the Wall Street Journal reports. Twenty percent of renters say they aren't interested in buying a home, according to a Freddie Mac survey. That's up from 17% last August and 13% in
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Behold the Power of a Meme: Color Guard Video Catapults Fleetwood Mac Back onto the Billboard …

Rock band Fleetwood Mac, which got its start in the 1960s, is having an honest-to-goodness music charts revival thanks to a college dance troupe from Mississippi and a meme. In late March, Twitter user @bottledfleet shared a video of the Alcorn State University color guard dancing to the 1977
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Five Surprising Ways Driverless Cars Will Affect Real Estate

Driverless cars are on the horizon, and the implications of this technology will greatly impact just about every industry you can think of, including real estate. As a broker in Los Angeles, which is home to the world's worst traffic congestion, it's my business to think about how driverless cars will affect my
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Connecticut and Hartford Get $2 Billion Offer to Buy Real Estate

A Chicago-based private equity real estate firm is offering as much as $2 billion to purchase office buildings, health-care facilities, transit-related properties and whatever the governments think they can sell, so long as the buyer gets a 7.25 percent initial return, plus annual rent hikes of 1.5 percent.
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AMC Just Won Saudi Arabia's First Cinema License in 35 Years

AMC (amc, +1.15%) announced on Wednesday that it has won the first cinema operating license in Saudi Arabia, as the conservative kingdom prepares to re-open its movie theatres following a 35-year ban. The U.S.'s biggest movie theatre chain has signed an agreement with the Saudi Ministry of
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Top broker warns that property market is facing the worst conditions in 30 years

Those banking on our residential market holding its ground and recovering in the near-term could get their beliefs tested after Morgan Stanley warned that the outlook for the market is the worst it has seen in 30 years. You'd have to go back to a time when Bob Hawke led the country and the medium
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Twin Cities building up more than out (Crane Watch)

Shifting real estate trends are leading to the Twin Cities becoming a market where builders are going up more than they're going out. Developers will complete 5,100 apartments in Twin Cities in 2018, the most in a year since 2000, according to Marcus & Millichap's first-quarter market report. Meanwhile
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Get to know the resale gurus of Manhattan's top-selling brokerages

Compass' head of agent development doesn't have his own office. He doesn't even have a desk. Instead, Gordon Golub spends workdays walking the agent floors of the company's Union Square headquarters, a Tumi backpack bearing his initials in tow. Golub kicked off his career in real estate in 1992,
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Soda Tax Advocates Just Got a New Weapon in Their Battle Against Sugar

Advocates for soda taxes have struggled in recent years to win over constituents whole-heartedly, but new research may give their cause a big boost. According to a new study published in The Lancet medical journal on Wednesday, taxes on items like soda and even alcohol and tobacco can actually
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What's behind the GTA housing market's lack of supply? Senior researcher Diana Petramala …

No matter what else happens in the GTA housing market, one fundamental truth seems to remain — there's always more demand than there is supply. There's no simple answer as to why — at least, not according to Ryerson Centre for Urban Research and Land Development senior researcher Diana
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First digital mortgage signed by borrower and registered at HM Land Registry

UK Verify service to securely verify their identity first. The new service means there is no need for a witness to watch as the homeowner physically signs a paper mortgage deed, saving time and providing a more secure service to homeowners, lenders and conveyancers. The digital signing forms part of
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Modernising mortgages:first 'digital mortgage' signed for house in Rotherhithe, London

The first digital mortgage has been signed for a house in Rotherhithe, south-east London and entered into the Land Register — an indication that the home-buying process could at last be simplified using modern technology. In a significant first step, borrowers will be able to log in to an online account to
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Growing Number of Renters Can't Afford to Buy

A semiannual survey of renters by mortgage company Freddie Mac found that 20% of renters say they have no interest in owning a home, up from 17% in August and 13% in 2016. Among renters who plan to continue renting, two-thirds say they're doing so for financial reasons, The Wall Street Journal
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Toronto real estate market may be poised for a spring rebound

Sales in the Greater Toronto Area housing market have sagged so far in 2018 but some market watchers are optimistic that a spring rebound is coming. The most recent numbers from the Toronto Real Estate Board look grim compared with the euphoria that swept through the market in early 2017, says
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MAN Criticizes 14% Lending Rate

The Manufacturers Association of Nigeria, MAN, has called on the Central Bank of Nigeria, CBN, to drop the lending rate from 14 per cent to … MAN President, Mr. Jacobs had then urged the apex bank's Monetary Policy Committee to review the lending rate downward at its subsequent meetings.
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Investors Title Company (ITIC) Trades at $195.24 After Triangle; Shorts at Hi-crush Partners …

Investors Title Company (ITIC) formed triangle with $177.67 target or 9.00% below today's $195.24 share price. Investors Title Company (ITIC) has $368.20 million valuation. The stock decreased 1.34% or $2.66 during the last trading session, reaching $195.24. About 1,076 shares traded. Investors Title
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Japan Unveils Guidelines for Allowing Initial Coin Offerings

Japan is moving toward legalizing initial coin offerings, even as countries such as China and the U.S. restrict the fundraising technique because of their risks for investors. A government-backed study group laid out basic guidelines for further adoption of ICOs, including rules for identifying investors,
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JP Morgan CEO Jamie Dimon Hails the GOP Tax Cut Without Praising Trump in Letter to …

JPMorgan Chase (jpm, -2.06%) boss Jamie Dimon has praised last year's tax reforms in his latest annual letter to shareholders. In the letter, Dimon described Congress's reform as a “historic” step that “shows that we can take on tough issues that have been holding us back.” “Along with a more
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Lost Your Investment Real Estate to a Natural Disaster? Don't Get Caught in a Tax Trap

Lost Your Investment Real Estate to a Natural Disaster? Don't Get Caught in a Tax Trap

Much of these losses were levied on real estate holdings, whether residential or held for investment. If you were unfortunate enough to have lost investment real estate to a disaster, eminent domain or condemnation, you may be faced with yet another loss: income taxes from your settlement proceeds.
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Is Dynex Capital Inc (NYSE:DX)'s Fuel Running High? Reports Show Less Sellers

Investors sentiment increased to 2.31 in Q4 2017. Its up 0.28, from 2.03 in 2017Q3. It is positive, as 6 investors sold Dynex Capital, Inc. shares while 26 reduced holdings. 28 funds opened positions while 46 raised stakes. 27.04 million shares or 24.01% more from 21.81 million shares in 2017Q3 were
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Facebook Rallies After Zuckerberg Signals Muted Impact From Data Crisis

“As far as I'm aware, the board has not discussed whether I should step down as chairman,” he said. “Life is about learning from mistakes and figuring out what you need to do to move forward.” For now, that's also good news for investors. Next week brings Zuckerberg's next challenge: public testimony
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Brexit Bulletin: Security Matters

Miliband's Return | One day after being hailed as a potential savior of Britain's leaderless centrists by a Times columnist, former Foreign Secretary David Miliband popped up with a view on Brexit. Writing for the New Statesman, the International Rescue Committee chief threw his lot in with those calling
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Britain Is Being Outperformed by Its Trading Partners: Chart

For the first time in years, the U.K. is being outperformed by its trading partners as the impact of the decision to leave the European Union bites. Still, Bloomberg Economics expects the more favorable global backdrop to help offset some domestic weakness with net trade seen accounting for a third of
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Nucleus hits £750m lending milestone after making largest loan to date

NUCLEUS Commercial Finance has hit the £750m cumulative lending milestone, after closing the first quarter with its largest loan to date. The alternative business finance provider said on Thursday that it provided a £16m asset-based lending (ABL) facility to a haulage firm in March, after making the
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38 Questions for Mark Zuckerberg

But they aren't always so well informed about how social media data collection works or how it is vulnerable to abuse. The columnists of Bloomberg View and Bloomberg Gadfly are here to help. We've assembled a list of suggestions for what members of Congress should ask Zuckerberg and the best
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For Reentry, Housing, and HUD, Words Matter

I've been involved with The Fortune Society since 1998—initially as a participant, and now as an Advocacy Assistant in the David Rothenberg Center for Public Policy (DRCPP). I have seen firsthand how essential safe housing is for people looking to rebuild their lives. I currently reside in a transitional
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South African P2P Lending Startup Rainfin Acquires Stake In 4AX

Peer to peer lending has become an alternative source of funding for many entrepreneurs looking for investment and equally for investors looking to diversify their resources. Rainfin has used a crowdfunding model to disrupt the loan industry in South Africa and as a sign of its continued growth, it has
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Could Dynex Capital Inc (NYSE:DX) Go Down After Its Newest Short Interest Report?

Investors sentiment increased to 2.31 in 2017 Q4. Its up 0.28, from 2.03 in 2017Q3. It improved, as 6 investors sold Dynex Capital, Inc. shares while 26 reduced holdings. 28 funds opened positions while 46 raised stakes. 27.04 million shares or 24.01% more from 21.81 million shares in 2017Q3 were
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Brokers welcome Accord reducing rates

Brokers are pleased that Accord has reduced rates across its fixed rate mortgage range by up to 0.18%. For buyers there's a 2.15% 2-year fix at 80% loan-to-value. This fee-free mortgage comes with £500 cashback on completion and free standard valuation. Available to both house buyers and
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Dynex Capital Inc (NYSE:DX) Shorted Shares Decreased By 1.09%

Investors sentiment increased to 2.31 in Q4 2017. Its up 0.28, from 2.03 in 2017Q3. It improved, as 6 investors sold Dynex Capital, Inc. shares while 26 reduced holdings. 28 funds opened positions while 46 raised stakes. 27.04 million shares or 24.01% more from 21.81 million shares in 2017Q3 were
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But Real estate coach Sherrie Storor has offered her advice to help millennials

And soaring housing prices have made it extremely difficult for millennials hoping to break into the property market. As it stands from December 2017, Sydney's median house price climbed more than 10 per cent to a record $1,179,519 – followed by Melbourne at $903,859. Here, real estate coach
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What to Know About the Latest Data Breach Hitting Sears and Delta Customers

Both Sears and Delta Air Lines are facing the exposure of some of their customers' credit card information, following a data breach at a mutual contractor. The company, a customer services operation called [24]7.ai, suffered the breach between Sept. 26 and Oct. 12 last year. It said in a statement that the
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IDS Advises Mortgage Lenders to Address UCD Warnings Prior to June 25 Deadline

SALT LAKE CITY, Utah, Apr 05, 2018 (SEND2PRESS NEWSWIRE) — Mortgage document preparation vendor International Document Services, Inc. (IDS), announced it is advising all lenders to begin troubleshooting warnings from Fannie Mae and Freddie Mac's Uniform Closing Dataset (UCD) portal
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Corporate lending up, retail loans down in February

The corporate lending stock of Hungarian banks rose HUF 66 billion to total HUF 6.641 trillion in February, climbing on net borrowing as well as revaluations. Meanwhile, the retail lending stock fell almost HUF 60 bln to HUF 5.749 tln in February, dropping on net repayments as well as write-offs.
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Home refinance may involve temporarily removing it from living trust

Question: My wife and I want to refinance our house. We bought it about 10 years ago. It has a mortgage on it. The house is titled in the name of our living trust. We have spoken to two lenders and are getting contradictory information. One lender told us that in order to refinance, we must remove the
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Windermere/HKW Real Estate to host free shredding event in Lynnwood April 14

… Real Estate office in Lynnwood is hosting a free shredding event and food drive on Saturday, April 14 from 10 a.m.-1 p.m.. Donations of food or cash are appreciated for the food bank. Windermere/HKW Real Estate office is located next to See's Candy at 8811 – 28th Ave W, Ste J, Lynnwood. SHARE.
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Paradigm hires mortgage technical assistant

Paradigm Mortgage Services has appointed Alex Vaughan-Tift as mortgages technical assistant with immediate effect to support its mortgage helpdesk. He has been brought on board to meet an increasing demand for Paradigm's helpdesk support and to enhance the range of services on offer. He will
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Real estate daily market update: April 4, 2018

We'll add more market news briefs throughout the day. Check back to read the latest. Most recent market news. Wednesday, April 4. Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey. The Market Composite Index, a measure of mortgage loan application volume, decreased
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Malaysia in Need of 3.2mil Homes, Says REHDA

Malaysia in Need of 3.2mil Homes, Says REHDA

The Real Estate and Housing Developers' Association Malaysia (REHDA) believes there is no housing glut in Malaysia as the country is short of 3.2 million … by end-2018, while the National Property Information Centre's (NAPIC) latest data revealed that there are only 5.1 million houses in the market.
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MPC retains lending rate

The Monetary Policy Committee has once again retained the Monetary Policy Rate at 14 per cent due to persistent uncertain economic conditions and high inflation. The Central Bank of Nigeria Governor, Godwin Emefiele, said this while briefing newsmen on the outcome of the first MPC meeting for
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A Wild Ride Is the New Normal for US Stocks

The uncertainty emanating from Washington is a stark reversal for investors who'd grown used to months of market love from the president, particularly his $1.5 trillion tax overhaul and anti-regulatory stance. Trump's recent calls for tighter regulations on Amazon.com Inc. have sunk shares of the nation's
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Adelaide's five cheapest houses on the market … and a little surprise

THERE are still real estate bargains to be found if you're willing to do your research. We've scoured realestate.com.au and found Adelaide's five cheapest houses on the market.
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How Shanghai Fashion Week Got Its Groove

An estimated 3,000 buyers attend Shanghai's Mode trade show, operating at various scales and ranging vastly in buying budgets. As a stop on the buying calendar for international buyers, Shanghai has grown in importance too. “The fashion week here has developed a lot, especially the Labelhood
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Insider Buying: Enova International Inc (NYSE:ENVA) Director Acquires 1090 Shares of Stock

Enova International logo Enova International Inc (NYSE:ENVA) Director Ellen Carnahan bought 1,090 shares of Enova International stock in a transaction dated Friday, March 16th. The stock was purchased at an average price of $22.85 per share, with a total value of $24,906.50. The purchase was
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2018 Deal of the Year: How this prominent Orlando attorney's lakefront estate sold for top dollar

Dan Natoli knows the importance of building a relationship with a potential client — even if it takes nearly 10 years to result in a tangible deal. That's exactly how the Premier Sotheby's International Realty agent, along with co-broker Carolyn Burgiel, secured the listing assignment for a nearly
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Cracking the affordable housing conundrum with creative solutions

As we outlined in January, although Grand Rapids residents' earning power has increased in proportion to housing values over the last ten years, these income increases have been enjoyed almost exclusively by the upper and upper middle class. This, combined with historically low inventories on a
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State-backed mortgage firm to deliver cheapest home loans

The Kenya Mortgage Refinance Company will enable financiers to issue 50,000 home loans in five years. The planned creation of a State-backed company that will advance cash to banks and saccos for on-lending to home buyers is at an advanced stage, with the incorporation of the firm set for end of
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Investors Title Company (ITIC) At $195.24 Forms Top; Abeona Therapeutics Inc. (ABEO) Had 10 …

Among 10 analysts covering Abeona Therapeutics (NASDAQ:ABEO), 10 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Abeona Therapeutics had 38 analyst reports since December 16, 2015 according to SRatingsIntel. The stock has “Buy” rating by H.C. Wainwright on Friday,
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Bainco International Investors Buys 18797 Shares of Broadcom Limited (NASDAQ:AVGO)

Broadcom logo Bainco International Investors boosted its holdings in shares of Broadcom Limited (NASDAQ:AVGO) by 52.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,541 shares of the
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Oracle's CEO Might Have Given Trump Another Reason to Slam Amazon

Oracle chief executive Safra Catz criticized the bidding process for a huge Pentagon cloud computing contract in a private dinner with President Donald Trump on Tuesday, complaining that it seemed designed for Amazon to win, according to people familiar with the matter. Trump heard her out and said
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Banks rush to turn Japan cashless ahead of looming tech rivals

Japanese banks, long content to foster the nation's love for cash, are now diving into digital payments thanks to a regulatory change that threatens to usher in new rivals. In recent months, lenders around the country have announced a flurry of initiatives designed to grab a slice of the $50 billion market
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Starcrest Capital secures $276.5m for second China real estate fund

The close of its second China real estate fund, the Starcrest China Real Estate Fund II, comes nearly two years after the close of the company's $100-million property fund. The first fund participates in special situations deals, which include buyouts of distressed assets, or repositioning and refurbishing of
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Real reason why Rusev has been added to US title match at WrestleMania 34 revealed

WWE, however, wasn't willing to just let him leave due to the popularity of Rusev Day making him one of the best merchandise sellers across the entire company, so they decide to make him happy by adding him to the US title match at this year's Showcase of the Immortals. Many WWE fans had Rusev
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Two in five homeowners suffer from mortgage stress

To mark Stress Awareness Month this April, Trussle surveyed 2,000 UK mortgage borrowers, asking them which parts of buying a home were most stressful. One in five (20 per cent) said there was too much paperwork involved in the initial application and subsequent remortgage process, while 15 per
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Ernesto Valverde Insists Barcelona 'Deserved' Roma Win Despite Fortune With Own Goals

Barcelona boss Ernesto Valverde insisted his side deserved their 4-1 Champions League victory over Roma on Wednesday evening, despite it coming in fortuitous circumstances. Both Daniele De Rossi and Kostas Manolas put through their own net either side of half-time to give Barca a two-goal
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Macron's Battle to Put France Back on Track

–Editors: Therese Raphael, Clive Crook. To contact the senior editor responsible for Bloomberg View's editorials: David Shipley at davidshipley@bloomberg.net . Before it's here, it's on the Bloomberg Terminal. LEARN MORE. Comments. LIVE ON BLOOMBERG. Watch Live TV Listen to Live Radio
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Banking Sector in FY18: A roller-coaster ride for sure

The focus of both the government and the Reserve Bank of India (RBI) was to make the system robust and ensure it was on the right track. It was particularly challenging, as all solutions that appeared to have been found confronted new obstacles that made them look like mirages. First, the NPA issue,
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Spotify Founders Enriched to the Tune of $5.8 Billion in Listing

Spotify Technology SA's stock debut just made its founders two of Sweden's richest people. Daniel Ek. Photographer: Akio Kon/Bloomberg. Chief Executive Officer Daniel Ek is worth $2.4 billion thanks to his 9 percent economic stake in the music-streaming service. Co-founder Martin Lorentzon's 12
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HarborOne Bank consolidates mortgage operations

HarborOne Bank consolidates mortgage operations

HarborOne Bank has consolidated its residential lending business with Merrimack Mortgage, a wholly owned subsidiary of the bank. The new single wholly owned subsidiary is called HarborOne Mortgage. Senior leadership of the newly combined subsidiary will remain unchanged from the leadership
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Morgan Stanley takes gloomy view of housing prices

The bank's housing indicator takes a negative view on credit supply, mortgage serviceability, the demand/supply balance and house price expectations after dwelling values fell for the sixth month in a row in March. The research comes as regulatory clamps on lending have been weighing on the
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Car wars: The state of the rental industry

UK corporates also need to address the same concerns as buyers in other markets: duty-of-care, data and technology, and the vehicles themselves. But how global are some programmes? There may be a demand for ground transport solutions but some companies might want to manage it locally.
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Exempt smaller IMBs from audits, lender group tells CFPB

The Community Home Lenders Association (CHLA) told the Consumer Financial Protection Bureau that it should exempt smaller independent mortgage bankers (IMBs) from exams or audits to remain consistent with statutory requirements under the Dodd-Frank Act. The recommendation is only one
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How Mobike's Founder Turned Crazy Idea Into $3 Billion Startup

Three years ago, Hu Weiwei and her co-founders decided to start a business letting people share bicycles for pennies per ride. People could hop on for a quick ride to the subway or supermarket, then leave the bike right out front without the hassle of finding a parking rack. Hu Weiwei. Source: VCG via
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Banking royal commission should improve trust, Bendigo and Adelaide Bank boss says

The banking royal commission should help improve trust in the industry, Bendigo and Adelaide Bank's outgoing boss says. Managing director Mike Hirst said the inquiry into misconduct in banking, financial services and superannuation should also help restore confidence in the industry. The Turnbull
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HousingWire Names ReverseVision to 2018 TECH100 List of Housing's Most Innovative Tech …

ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, today announced it has been named to HousingWire's HW Tech100(TM) list of innovative housing technology companies for a third time. Previously recognized in 2015 and 2017,
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China's State Media Warns of Pain for Trump in Trade Battle

Media. Bloomberg Markets · Bloomberg Technology · Bloomberg Pursuits · Bloomberg Politics · Bloomberg Opinion · Bloomberg Businessweek · Bloomberg Live Conferences · Bloomberg Apps · Bloomberg Radio · Bloomberg Television · News Bureaus
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Matic Insurance honored by HousingWire as a Top Innovator for 2018 in Housing Tech

“Matic works with companies across the housing ecosystem – from real estate agents to mortgage originators to mortgage servicers – to transform homeowner's insurance into an integrated part of the mortgage process,” said Matic CEO Aaron Schiff. “We are honored to be named among HousingWire's
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Sensato Investors LLC Has $7.15 Million Stake in China Yuchai International Limited (CYD)

China Yuchai International logo Sensato Investors LLC grew its stake in shares of China Yuchai International Limited (NYSE:CYD) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned
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Kenya to set up mortgage refinancing company to meet housing demand

NAIROBI, April 5 (Reuters) – Kenya is to set up a mortgage refinancing company to help to meet the government's aim of providing 500,000 houses in five years as well as make it easier for banks to access long-term finance for home loans, the Treasury said. The East African country has an estimated
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Facebook CEO Mark Zuckerberg Admits 'Huge Mistake' But Will Not Step Down

Facebook CEO Mark Zuckerberg admitted to making a “huge mistake” by failing to sufficiently consider how bad actors could abuse the social networking service, but he said that he has no plans to step down. Zuckerberg said during a press briefing on Wednesday that he takes responsibility for a series
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North Lanarkshire Council enters open property market for homes

Homes for sale on the open market could soon be purchased under a new scheme by North Lanarkshire Council. Scotland's largest local authority landlord has agreed proposals to buy homes which are for sale in the local housing market to increase supply of available council homes for rent. Plans are
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Insider Buying: Croda International (CRDA) Insider Purchases 3 Shares of Stock

The firm also recently announced a dividend, which will be paid on Thursday, May 31st. Investors of record on Thursday, April 19th will be issued a GBX 46 ($0.65) dividend. The ex-dividend date is Thursday, April 19th. This is a positive change from Croda International's previous dividend of $35.00.
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Shh…A Quieter Supersonic Jet Is on Its Way

NASA has awarded a nearly quarter-billion dollar contract to Lockheed Martin for the development of a supersonic jet plane that can break the sound barrier without causing an ear-splitting boom. The contract, valued at $247.5 million, dictates that Lockheed's Palmdale, Calif.-based Skunk Works
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Prison Awaits Brazil's Iconic Ex-President After Court Loss

Local markets were closed when the decision came through, but an Ibovespa-linked ETF traded in Japan extended gains after the ruling. “We ought to see an appreciation in the prices of domestic assets,” said Camila Abdelmalack, an economist at CM Capital Markets, in an interview on Wednesday.
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VantageScore appoints mortgage industry relations exec

Earlier in his career, Bracken had served in the home mortgage and consumer finance group at Wells Fargo and Prudential Home Mortgage's Lender's Service and Private Label Mortgage Service. Additionally, he founded America's Mortgage Company in 1980, serving as president and CEO for 11
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After its telecom rampage, Mukesh Ambani's Reliance turns to Indian banking

India's most valuable company, led by the country's richest man Mukesh Ambani, has entered another business: banking. The last new venture by Reliance Industries (RIL)— which entered telecom with Jio in 2016—disrupted the sector and drove weaker players into bankruptcy. Will its payments bank
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That Woman Who Flipped Off President Trump's Motorcade? She's Suing for Getting Fired.

The woman who went viral for flipping off President Donald Trump's motorcade and lost her job as a result is now hitting back. Juli Briskman of Virginia told her employer Akima LLC that she was the woman in the photo—riding a bicycle, middle finger outstretched—after the image bounced around the
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Banking royal commission may trigger credit crunch, flatten house prices

One of Australia's biggest lenders has warned against a return to manual home loan assessments saying it would raise interest rates while a leading bank analyst has warned of a looming credit crunch. Westpac CEO Brian Hartzer told attendees at The Australian Financial Review Banking & Wealth
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Can Push Payments Give Banks An Alt Lending Edge?

Can Push Payments Give Banks An Alt Lending Edge?

Despite the best efforts of many to help the world be rid of them once and for all, the check remains a surprisingly difficult method of payment to completely kill off. Nobody actually likes them, or really has anything positive to say about them in public, but they've shown a surprising amount of staying
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Community Financial Services Association of America

CFSA is the voice for the small-dollar, short-term lending industry.
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Regulations 504 – Banking Transaction Monitoring

Regulations 504 – Banking Transaction Monitoring. Regulated Institutions should submit the required certification covering the prior calendar year by April 15 of each year.
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Mumbai property market: How your dream home purchase may have been hit

The tepid response to the property market and low sales are the major reasons behind such restrained launches by developers. The developers first want to dispose of in-hand inventory. They do not want to take any sort of risk in the current volatile and plummeting conditions in terms of the price market
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Fitch: Loose lending terms point to credit top, recoveries to suffer in downturn

Fitch: Loose lending terms point to credit top, recoveries to suffer in downturn. April 3, 2018; By Eamon Murphy … Fitch Ratings is calling the peak in credit, citing a slackening of lending terms and a risk-reward mismatch for investors. The agency reported Tuesday that “significant loosening of
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Troubled Chinese insurer receives government bailout

… a $9.6 billion bailout from a government-run fund. Regulators seized control of Anbang Insurance Group in February after a global asset-buying spree raised questions about its stability. Its founder, Wu Xiaohui, went on trial last week on charges he defrauded investors and misused company money.
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CYBG ups Yorkshire lending

CYBG, the owner of Clydesdale and Yorkshire Bank, has revealed it lent more than £300m to SMEs in Yorkshire last year. The bank lent £305m to Yorkshire's small and medium sized enterprises (SMEs). The lending forms part of the bank's commitment to help fuel Yorkshire's SME growth by lending
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China's home prices expected to rise in 2018 on falling inventories – Reuters poll

The average mortgage rates for first-time home buyers edged up to 5.46 percent in February from a year earlier, while it was 5.79 percent for buyers of multiple properties or homeowners buying a new home, according to Rong360.com, a loan provider that tracks bank lending rates. Asked to rate the
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Sonoma County launches first test of 'groundwater banking' to bolster supplies

Sonoma County's first experiment with underground drinking water storage is taking place at an unremarkable well drilled to 230 feet into the floor of Sonoma Valley. Here, enough Russian River water to fill a large swimming pool — about 500,000 gallons — is now on deposit in a sand and gravel
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Getting to Big Data: 3 Lessons Learned

Being able to gather relevant data, analyze it, and then act on it in meaningful ways, while protecting it from misuse, is critical to ongoing success and innovation. With 40+years of historical data on tens of millions of mortgage records, Freddie Mac's Single-Family Business manages a vast amount and
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'Saudi Arabia is the torch-bearer for the region,' says Emaar chairman

For Emaar in Dubai, we have several ambitious mega-developments –— the 6 square kilometer Dubai Creek Harbor with the $1 billion Dubai Creek Tower at its heart; the 11 million square meter Dubai Hills Estate, a green city within the city with a championship golf course and the Dubai Hills Mall; the
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Outrageous Fortune: Jay DeFeo and Surrealism

For artist Jay DeFeo (1929-1989) any of these occurrences could have provoked such a night terror, and walking through Outrageous Fortune: Jay DeFeo and Surrealism at Mitchell-Innes & Nash, one can't help but wonder if teeth dreams had plagued her. The exhibition takes as its premise the thrum of
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China names seven vice chairmen for new banking and insurance regulator

BEIJING, April 4 (Reuters) – China has named seven vice chairmen for the newly merged banking and insurance regulator under the leadership of Guo Shuqing, the chairman, the human resources ministry said on Wednesday. The seven vice chairmen are Wang Zhaoxing, Chen Wenhui, Huang Hong,
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American International Group Inc. Buys 1510 Shares of Cass Information Systems, Inc (NASDAQ …

Cass Information Systems logo American International Group Inc. boosted its holdings in shares of Cass Information Systems, Inc (NASDAQ:CASS) by 20.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund
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China's home prices expected to rise in 2018 on falling inventories: Reuters poll

But price growth is still expected to be relatively muted – well below the gains made in 2017 – as rising borrowing costs and other curbs are likely restrain the market and pressure developers to accelerate project launches to raise cash. China's housing market has enjoyed a more-than-two-year boom,
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Does NutryFarm International Limited's (SGX:AZT) PE Ratio Signal A Buying Opportunity?

NutryFarm International Limited (SGX:AZT) trades with a trailing P/E of 8.4x, which is lower than the industry average of 26.8x. 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. Today
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China will actively resolve shadow banking risks: central bank

BEIJING (Reuters) – China will actively resolve shadow banking risks and prudently tackle risks associated with financial institutions, the central … China will effectively control the macro leverage ratio and credit risks in key areas, the People's Bank of China (PBOC) said in a statement on its website.
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Bitcoin attracting entrepreneurial investors globally

Recently, other currencies, such as Litecoin, Ethereum, Zcash, Dash, Ripple and Monero, have hit the market. One expert anticipates an explosion of different cryptocurrencies in the near future. There are three ATMs in the Cleveland area that dispense bitcoins. Investors are buying and selling bitcoins
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SF supes oppose Wiener real-estate bill

The Board of Supes voted today to oppose Sup. Scott Wiener's real-estate bill, SB 827. The discussion over the bill became a debate about much larger housing issues – and demonstrated the sharp distinctions between political leaders who want to rely on the private market to solve housing problems
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Mortgage rates dip slightly amid trade tensions

Average mortgage rates declined slightly during the week ending March 29, with fixed mortgage holding largely steady, according to the Primary Mortgage Market Survey released by Freddie Mac. Rates for the 30-year fixed mortgage averaged 4.44%, with an average 0.5 point, down from the previous
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