Please, No Banks Run by Improvident States

Please, No Banks Run by Improvident States

Fannie Mae and Freddie Mac are examples of public policy mixed with financial services that are best left in the private sector. Government-owned or sponsored (with implicit guarantees) entities that have both financial and social-policy missions generally turn out poorly for taxpayers and shareholders.
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Future secondary mortgage market firms likely to be highly rated

These bodies, whether they are totally new entities, a recast Fannie Mae and Freddie Mac or some hybrid of both that comes out of the housing finance reform process, will be appropriately capitalized, have ample access to the capital markets and be regulated by the government, said a report from
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Twitter Follows Facebook in Endorsing Senate's 'Honest Ads' Act

Twitter Inc. said the Honest Ads Act, which would require broader disclosures in online political advertising, “provides an appropriate framework” for ensuring transparency in digital ads, and the company will work with legislators to “refine and advance” the proposal. In a tweet on its public policy feed on
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We're Going to Find Out If Trump Is Above the Law

The various investigations into President Donald Trump and his associates are accelerating again, as are the fears that Trump will try to put an end to the investigation. It's true a lot of liberals have predicted he would fire special counsel Robert Mueller a dozen or so times, and it still hasn't happened.
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Contestant loses $7100 in embarrassing 'Wheel of Fortune' gaffe

“Wheel of Fortune” host Pat Sajak and hostess Vanna White watched a contestant flub a chance at a $7,100 prize when he mispronounced the puzzle solution … A “Wheel of Fortune” contestant named Jonny lost a shot at $7,100 and a trip to Spain because he mispronounced a word, WGN reported.
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'Wheel of Fortune' player loses thousands over this word

The contestant, Jonny, was riding high when he solved the puzzle, with the board reading: “Flamenco Dance Lessons.” However, when it came time to reveal his answer to host Pat Sajak, Jonny mispronounced “flamenco” and instead said “flamingo,” which is not a style of dance and is, in fact, a bright
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UAE Cabinet Passes Equal-Pay Legislation to Close Gender Gap

The United Arab Emirates' cabinet approved a bill guaranteeing equal pay for men and women as the Gulf nation strives to bring more females into its workforce. “We don't want any exceptions to equal opportunities between the sexes,” U.A.E. Prime Minister and Dubai ruler Sheikh Mohammed bin
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ANALYSIS-Central bank heavyweights head back to euro government debt

The return of private money from fund managers and foreign direct investors into European markets has pushed the currency to a three-year high against the dollar and spread broader optimism about the region's economic recovery. Analysts at Citi said that as the ECB begins to cut bond purchases and
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Puerto Rico to Get $18.5 Billion to Rebuild Shattered Housing Market

Puerto Rico to Get $18.5 Billion to Rebuild Shattered Housing Market … the U.S. Department of Housing and Urban Development to help rebuild its battered housing stock and infrastructure after September's Hurricane Maria, the … Most built their homes informally, and do not own title to their properties.
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Trade War Fears Abate After China's Xi Jinping Cuts Car Import Tariffs

The Dow Jones Industrial Average pushed up 1.6% to 24,351, while the S&P 500 popped 1.3% to 2,647 after the Chinese leader struck a placatory tone on trade in a speech Tuesday at the Boao Forum for Asia. The Chinese president said he would lower tariffs on vehicles, while working to enforce
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CFPB Faces Lawsuit on Payday Lending Rule

Two industry groups representing payday lenders are suing the Consumer Financial Protection Bureau on its authority to implement a rule over the small-dollar lending market. The Community Financial Services Association of America (CFSA) and the Consumer Service Alliance of Texas are seeking to
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FEDERAL NATIONAL MORTGAGE ASSOCIATION (OTCMKTS:FNMA) Sellers Decreased Their …

FEDERAL NATIONAL MORTGAGE ASSOCIATION (OTCMKTS:FNMA) Sellers Decreased Their Shorts By 0.93% As Of Apr 10, 2018 … Federal National Mortgage Association-Receive News & Ratings Via Email – Enter your email address below to receive a concise daily summary of the latest news and
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Watch One Wheel Of Fortune Contestant's Crushing Disappointment After Mispronouncing Answer

Being wrong on TV is never a fun thing, especially when the correct answer is literally staring the contestant right in the face. Such a situation was faced recently by Jonny, a Wheel of Fortune contestant who became instant Internet fodder upon mispronouncing the solution to a puzzle where all of the
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Mispronunciation costs 'Wheel of Fortune' contestant thousands

Poor Jonny! A “Wheel of Fortune” contestant appeared completely confused after he thought he successfully solved a puzzle on Monday night's episode. Contestant Jonny read the completed puzzle “flamingo dance lessons,” instead of the correct pronunciation of “flamenco dance lessons.”.
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Vident Financial Launches Real Estate ETF

The fund's index seeks to employ a rules based approach to offer investors a multi-factor alternative to traditional market cap-weighted real estate funds. “If you ask for the three most important factors when investing in real estate, you'll probably hear 'location, location, location.' To this we'd add property
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IMF: Traditional measures of leverage reflects bank balance sheet data

Traditional measures of leverage in the financial system tend to reflect bank balance sheet data, according to a new working paper published under auspices of the International Monetary Fund (IMF). The paper, Leverage, A Broader View, written by Manmohan Singh and Zohair Alam, explores the rise
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Should I Pay Off My Mortgage?

Pay off your mortgage as soon as you can, and definitely pay it off before you retire. And don't buy a home if you can't afford to pay it off between five to 10 years. Unfortunately, that's not the norm. Thanks to the commonplace position of the 30-year mortgage, it is more popular despite the lower costs of
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Tanzania: Investors Get 7-Day Ultimatum to Surrender Title Deeds

LIVESTOCK and Fisheries Minister Luhaga Mpina has issued a seven-day ultimatum to Triple S Beef Company and Agri Vision to surrender to the government their title deed for land on which the meat factory stands. He said the investors have failed to develop the project for 11 years now since they
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Mortgage Market Up 2 Percent in March

New figures out from real estate information company Chandler Reports, chandlerreports.com, put some context behind those sentiments. Among the trends the Chandler Reports numbers show is a 2 percent increase in purchase mortgage volume in Shelby County to close out the final month of the first
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Chinese Doc Dream Empire Makes Seattle Real Estate Bubble Look Like Child's Play

This year's ByDesign Design and Architectural Festival opens with a stunning documentary, Dream Empire, about the real estate madness in China. The very scale of it will humble your wildest imagination. In comparison, it makes Seattle's construction and property boom look like something that would
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NMI Stake Inc (NMIH) Lowered to Hold by Zacks Investment Research

NMI Stake Inc (NMIH) Lowered to Hold by Zacks Investment Research

The Company's insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is an MI provider on loans purchased by Fannie Mae and Freddie Mac (collectively the Government-sponsored enterprises(GSEs)). Get a free copy of the Zacks research report on NMI Holdings (NMIH). For more
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Sasfin Launches New Digital Banking Framework for SMEs

Sasfin, the financial services group, has launched a digital banking framework, which is targeted at small and medium enterprises (SMEs). Through B\YOND, as the platform is called, the company intends to address the banking requirements of its list of SME clients, as well as reach out to firms so far
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Live Updates: Mark Zuckerberg Testifies Before Congress About Cambridge Analytica and …

Facebook CEO and founder Mark Zuckerberg fielded questions from Congress Tuesday, April 10, after the recent Cambridge Analytica data leak raised questions on the social media network's privacy and how users' data is handled. Zuckerberg's testimony was described as “the most intense public
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Investors Title Company (ITIC) Forms Multiple Top Trading at $195.52

Big Money Sentiment increased to 1.36 in Q4 2017. It has change of 0.32, from 2017Q3's 1.04. The ratio improved due to Investors Title Company positioning: 2 sold and 20 reduced. 8 funds amassed holdings and 22 increased holdings. Investors holded 786,425 in 2017Q3 but now own 790,051 shares
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Kyllachy Colt Tops Goffs UK Breeze-Up Sale

A broad-based international buying bench featuring a number of new faces descended on Goffs UK for the Doncaster breeze-up sale April 10, resulting in 13 lots selling in excess of £100,000. The sale saw buyers in attendance from around the world including America, Asia, the Middle East, and
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Does Current Valuations Warrant A Buy or Sell? – Fidelity National Financial, Inc. (FNF), 3D …

Here's what's interesting to note about Fidelity National Financial, Inc. (NYSE:FNF) right now: Its price-to-sales ratio of 1.38, is expensive relative to the Surety & Title Insurance universe at large. The broad Surety & Title Insurance industry has an average P/S ratio of 0.72, which is significantly better than
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Rising Home Prices Push Borrowers Deeper Into Debt

Last summer, Fannie Mae moved to back more loans made to borrowers with debt-to-income ratios of up to 50%, up from a typical limit of 45%. Freddie Mac also started backing more of those loans, according to industry researchers. Fannie's new policy has resulted in 100,000 new mortgages that
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Altisource's Premium Title expands to four new states

The company announced Tuesday that it secured escrow licensing in Idaho, New Mexico, Oregon, and Washington, which allows the company to begin offering services in those states. According to the company, Premium Title can now provide clients with direct title/settlement services in 45 states,
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Delinquencies Down Overall, Texas and Florida Still Coping

The national rate for loans that were 30 or more days past due declined from 5.1 percent of active loans in January 2017 to 4.9 percent 12 months later, but that improvement would have been greater absent the push higher from two states. Besides being among the nation's most populous, Texas and
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Indonesia's Lion Air buying 50 Boeing 737's in US$6.2b deal

At the time, Lion agreed to buy 234 medium-haul A320 jets worth some US$23.8 billion from European aerospace giant Airbus, after a US$22.4 billion deal for 230 Boeing planes. Currently, the airline flies to nearly 80 mostly domestic destinations with international routes including Singapore, the
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Northam seeks to raise hotel tax, real estate transfer taxes to pay for Metro

WASHINGTON — A tax on hotel stays in Northern Virginia would rise from 2 to 3 percent and a real estate transfer tax would be raised to somewhat reduce the amount of money that would be taken from other Northern Virginia transportation projects to pay for Metro, under amendments proposed by Gov
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Is Buying Mercer International Inc (NASDAQ:MERC) Here Good Idea?

Investors sentiment increased to 1.93 in 2017 Q4. Its up 0.53, from 1.4 in 2017Q3. It increased, as 5 investors sold Mercer International Inc. shares while 24 reduced holdings. 22 funds opened positions while 34 raised stakes. 48.35 million shares or 4.62% less from 50.69 million shares in 2017Q3 were
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US Senate Panel Plans to Repeal Auto Lending Rules: Toomey

The agency conceived to stamp out predatory lending must pull back from “unfair” oversight of the finance sector, he added. … In October, the Government Accountability Office endorsed Toomey's view that Congress has the power to revoke rules for auto loans and leverage lending, a type of risky credit
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Haute Residence's 5th Annual Real Estate Summit Connects Buyers To Brokers With Exclusive …

Haute Residence's annual Real Estate Summit is just a few days away from taking place at NYC's CORE: club for its fourth consecutive year at the locale. The exclusive event not only brings together some of the greatest and most influential names in the real estate and development industries on the
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Women in Management to discuss emotional intelligence, people skills

He currently serving on the board of Guaranty Title Company, Info Pro, Marion Body and Fond du Lac Bumper. Firm reservations must be made by noon on Monday, April 16, by registering online at wimiwi.org, emailing Rita Tetzlaff at accountnut@charter.net, or by calling 920-572-5221. Cost is charged
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States to Game Out Election Threats in Homeland Security Drills

To add “realism” to this year's drills, Manfra said the department created a closed portal that will simulate social media platforms and news sites, and where participants can create posts and interact with each other. Facebook Inc. founder Mark Zuckerberg begins two days of congressional testimony
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HUD awards record $28 billion to help states recover from major disasters

… billion to support long-term disaster recovery. The funds are provided through the department's Community Development Block Grant – Disaster Recovery Program. HUD explained it will address seriously damaged housing, businesses and infrastructure from major disasters that occurred since 2015.
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Broker API systems speeding specialist mortgage lending decisions – Jay

The specialist lending market is already seeing the advantage of technological advancements linking broker systems directly to lenders, according to Complete FS. Specialist lenders have been quicker than many of the high street names to embrace and link-in to new broker systems being developed
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Johnson named AVP of residential lending

GAMBIER — The Peoples Bank of Gambier named Deanna Johnson as Assistant Vice President of Residential Lending. Johnson began her career as an underwriter in the insurance business. She later applied those skills when she joined The Peoples Bank of Gambier in 2001 as a part-time payroll
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Banks still do plenty of subprime lending

The likes of Wells Fargo (NYSE:WFC) and Citigroup (NYSE:C) aren't likely loaning thousands for a subprime borrower to buy a car. What they're doing more and more of, though, is lending billions to nonbank operators who will make that loan. Bank loans to nonbank financial firms are up six-fold since
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Arch Capital Partners Provides Fair Cash Offer on Properties in Any Condition

Arch Capital Partners Provides Fair Cash Offer on Properties in Any Condition

In the third step, the company will present the client with a fair written offer, in many cases, within 24 hours. And finally, Arch Capital Partners will close at a local, reputable title company, and the client can receive cash within 7 days. In addition, clients can close the deal at a time of their choosing.
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Free Web Banking Seminar in Big Flats

The seminar will give CCTC clients a look into Web Banking and teach you how to make the most of the various features Web Banking has to offer, including how to enroll, view accounts and transactions, transfer funds and how to use mobile pay. We urge attendees to bring their laptop/iPad/smart phone
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Do You Suffer From Home Country Bias?

That's why building a powerful brand in today's inter-dependent world is such an important part of the equation. Think of Apple, Nike, or Google, they are all well-known international brands and most people are inclined to buy their stocks. Now think of some random stock in some random part of the world
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This Guy Lost Thousands for Saying 'Flamenco' Wrong on 'Wheel of Fortune'

If you heard a collective yelp of horror from English teachers and elocution tutors around the country on Monday night, it's entirely understandable. That's because a contestant on Wheel of Fortune ended up losing out on over $7,000 in easy prize money by botching the pronunciation of the word
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'Seed lending' returns to Taber Library

Marion — The Elizabeth Taber Library's “Seed Lending Library” has returned, making new seeds accessible to any gardener, whether a greenhorn or a regular green thumb. Any tri-town resident with a SAILS library card can stop in at the library and “checkout” a selection of seeds for free. Then, plant
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Wheel of Fortune Contestant Loses With Embarrassing Mispronunciation — Watch the Video and …

Jonny, a contestant on Monday's Wheel of Fortune, managed to successfully complete the phrase “flamenco dance lessons,” but he didn't take home the $7,100 prize. Why not, you ask? Well, it might have something to do with the fact that he said “flamingo dance lessons” when asked to solve the puzzle
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Texas homebuyers grow more diverse, earn higher incomes amid continued increases in Texas …

The median home price paid among Texas homebuyers was $259,500, significantly higher than the Real Estate Center at Texas A&M University's … market throughout the year, including quarterly market statistics, trends among homebuyers and sellers, luxury home sales, international trends and more.
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First Horizon commits $4 billion to community-development lending

First Horizon National will expand its loan programs in low-to-moderate-income communities in the southeastern U.S., following its November acquisition of Capital Bank Financial. The $41 billion-asset company's two bank subsidiaries, First Tennessee Bank and Capital Bank, have committed to making
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Wheel of Fortune contestant flubs puzzle pronunciation, loses $7100

A nationally syndicated game show with money on the line is an unfortunate place to have a slip of the tongue, but such was the case for one player on Monday's Wheel of Fortune. The contestant, named Jonny, was sitting pretty when he filled in the final letters of the puzzle, “Flamenco Dance Lessons”;
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Bayer Is Nearing US Antitrust Approval for Monsanto

Bayer AG is close to winning U.S. antitrust approval to buy Monsanto Co., according to a person familiar with the matter, a move that would lift the last major hurdle to completing a $66 billion deal that has been nearly two years in the making.
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Wheel of Misfortune: Apex man loses $7k after mispronouncing 'flamenco'

One Apex man wasn't so fortunate during his appearance on “Wheel of Fortune” Monday night. (WTVD). SHARE. share · tweet · share · email. WTVD. Tuesday, April 10, 2018 12:47PM. APEX, N.C. (WTVD) –. One Apex man is being dubbed one of the worst Wheel of Fortune fails after a simple
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Five Trends Defining The Food And Beverage Industry, And Retail in General

… 12 percent more at a property, than those who forgo a bite. That's quite a lot of dough (ok, I'll stop…promise), when you extrapolate it over thousands of shoppers. To take advantage of that, the report outlined 5 mega-trends in consumerism that are impacting the F&B and retail real estate industries.
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Watch: Wheel of Fortune contestant is utterly confused when he loses big bucks for pronouncing …

Flamenco is a style of music and dance, and it also means – and sounds like – flamingo in Spanish. So it's easy to see how Wheel of Fortune's contestant, Jonny, made a $7,100 goof yesterday. Jonny had all the right letters up in front of him, all in the right order, which read “flamenco dance lessons.
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Vending Housing Market By Key Players, Product And Production Information Analysis And …

Vending Housing Market report deliver evolving forecasts in the market and the future influence of major drivers, challenges and support decision makers in making cost-effective business decisions. The Vending Housing market report estimates key opportunities in the market and summarizes the
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$875K condo occupies full floor of Beaux Arts building in SF's Tenderloin

Tenderloin market. The Tenderloin has enjoyed quite the turn-around in recent years, at least in terms of real estate value. This unit last sold in 2011 for $495,000, and now asks almost $400,000 more. This price is probably lowball, despite that inflation. The square footage on unit 5 is 994, which means
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South Africa's banking fees vs the world

One of the biggest complaints in South African banking is that we are charged too much to access our own money – and with the recent VAT hike kicking in at the start of April, these charges have gone up yet again. Banking fee structures are often complicated and confusing, with many 'hidden' costs
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WWE Rumors: Brock Lesnar Confronted by Shane McMahon After Throwing Title Belt

Regardless of whether Lesnar and McMahon got into it after WrestleMania 34, letting him leave the company for an extended period of time would arguably be WWE's best move. The company has painted itself into a corner regarding what it can do with Lesnar. He has run through pretty much every
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Capstead Mortgage Corporation Schedules First Quarter 2018 Earnings Release and Conference …

The Company earns income from investing in a leveraged portfolio of residential adjustable-rate mortgage pass-through securities, referred to as ARM securities, issued and guaranteed by government-sponsored enterprises, either Fannie Mae, Freddie Mac, or by an agency of the federal government,
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Guy on Wheel of Fortune manages to unsolve puzzle

Any game show contestant has two goals: ideally to make money, but failing that, at least not to terribly embarrass oneself in the process. What we have here is last night's Wheel of Fortune contestant Jonny rather spectacularly achieving neither of those goals. As seen in the clip above, Jonny has the
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New package of Oracle banking APIs to help banks build better services

Oracle Financial Services has launched a package of 1,500 ready-to-use APIs for payments, retail and corporate banking. The APIs provide banks with a prebuilt repository of more than 1,500 REST APIs which are based on Oracle's experience of servicing over 600 banks across 140 countries over two
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Central banker Dombret urges EU bank supervisors to merge

Central banker Dombret urges EU bank supervisors to merge

Andreas Dombret, 58, a member of the board of the Bundesbank, Germany's central bank, told Handelsblatt that banking supervision should be separated from monetary policy in the euro zone, in effect calling for the European Central Bank to be stripped of the bank watchdog function it was given in
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Investors Title (ITIC) versus Argo Group International (AGII) Financial Analysis

Investors Title (NASDAQ: ITIC) and Argo Group International (NASDAQ:AGII) are both small-cap finance companies, but which is the superior investment? We will contrast the two businesses based on the strength of their risk, valuation, institutional ownership, earnings, dividends, analyst
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Head to Head Analysis: Argo Group International (AGII) versus Investors Title (ITIC)

Argo Group International (NASDAQ: AGII) and Investors Title (NASDAQ:ITIC) are both small-cap finance companies, but which is the superior investment? We will contrast the two businesses based on the strength of their institutional ownership, profitability, earnings, risk, valuation, dividends and analyst
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Lessons on Bubbles From Bitcoin

That won't totally prevent all bubbles — the late 1990s technology stock bubble, for instance, happened in spite of the existence of stock futures markets. But it would certainly help. Keeping pessimists out of the market is a recipe for repeated bubbles and crashes, as overoptimistic speculators rampage
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Global Hacksaw Blades Market Assessment Highlights Growth Factors and Opportunities for …

Albany, NY — (SBWIRE) — 04/10/2018 — The market for hacksaw blades, which has been widely used in the automobile sector, real estate, engineering sector, construction sector and industrialization is constantly booming. Affordability and easy availability of hacksaw blades continue to ramp up its
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Tiny Town Shuts Police Program That Gave Robert Mercer a Badge

The volunteer program was the subject of a March 28 article in Bloomberg Businessweek. … Mercer, a prominent donor to President Donald Trump who bankrolled Breitbart News and the political-data company Cambridge Analytica, served as a Lake Arthur reserve officer from 2011 to 2017, according
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Bank of America to stop lending to clients who make assault rifles

Bank of America's vice chair Anne Finucane said Tuesday that the bank will no longer lend money to clients who manufacture military-style assault weapons for civilians to purchase, such as the AR-15-style rifles that have been used in several recent mass shootings. The details: Finucane told
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Real Estate Community Backs Knotel in $70 Million Series B Round

The round — led by Newmark Knight Frank and The Sapir Organization, and including The Wolfson Group, The Moinian Group, and Wainbridge Capital — brought together leaders in real estate to back Knotel's vision of the future. The funding comes on the heels of rapidfire growth for Knotel, which in
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Bill Barhydt on Abra's Pivot From P2P Money Transfers to “Crypto Banking”

While Abra was originally pitched as an app for permissionless, borderless money transfers, the startup is now entering the realm of “crypto banking.” Abra CEO Bill Barhydt explained this change of focus in a recent interview with angel investor Jason Calacanis on This Week in Startups.
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Developer reveals plans for Charley's Crab site in Palm Beach

Real estate broker John D. Pinson, immediate past president of the Palm Beach Board of Realtors, said he was unfamiliar with the Frisbie Group's redevelopment proposal and couldn't comment on specifics until the plans take shape. But he was optimistic that new beachfront townhouses on Midtown's
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Lenders Target Payday Loan Regulations

AUSTIN, Texas (CN) – The federal consumer watchdog agency was sued Monday over a regulation that the payday loan industry says would wipe out the lending practice. The lawsuit targets an Obama-era regulation restricting payday loans to borrowers who can verify an ability to afford the debt on top
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China's Ant ups fundraising target, valuation could hit $150 billion: sources

After becoming a dominant payments company in China, Ant Financial focused on international markets by buying a stake in Indian payment firm Paytm and Thai financial technology firm Ascend Money. Its attempt to buy U.S. money transfer company MoneyGram International was, however, blocked at
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Ubercool Innovation® Trend Forecaster Michael Tchong Predicts: Small Homes the Future of Real …

For three decades now, real estate developers have been focused on building large homes with an average size of more than 2,000 square feet. Growing media coverage of “tiny houses,” however, has convinced many Americans that living in smaller homes is not only feasible but financially attractive
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Oppenheimer Expands Financial Institutions Investment Banking Practice With New Managing …

NEW YORK, April 10, 2018 /PRNewswire/ — Oppenheimer & Co. Inc. (“Oppenheimer”) – a leading wealth manager and investment bank and a subsidiary of Oppenheimer Holdings (NYSE: OPY) – today announced Gilbert Dychiao joined the Firm as Managing Director in the Financial Institutions Group.
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Why MGM Resorts Would Be the Perfect Buyer for Wynn Resorts

Rumors began swirling late last week that MGM Resorts (NYSE:MGM) was interested in buying the embattled Wynn Resorts (NASDAQ:WYNN) in a deal that … Given its existing gaming licenses and relationships with regulators around the world, MGM Resorts may be the best-suited potential buyer.
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Inventory Shortage Continues to Trouble the Housing Market

How is the housing market poised at the end of the first quarter of 2018 and what can one expect in the near and long-term future? A webinar about The State of the U.S. Housing Market by Carrington Mortgage Holdings hosted by Rick Sharga, EVP, Carrington Mortgage Holdings looked at the various
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Real estate agent crowdfunds client's rent after pension cut, charities unable to help

A Darwin property manager has crowdfunded her client's rental arrears after his pension was cut and local charities were unable to help. Derek Holbrook was alone in Darwin and scraping by on a pension from week to week. The 65-year-old had a direct debit to transfer rent from his account when his
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'Wheel of Fortune' contestant flubs puzzle AFTER all letters are revealed

Word to the wise: If you're ever a contestant on “Wheel of Fortune,” pronounce your words precisely. Otherwise, you might end up like Jonny, the contestant who got a puzzle wrong even with every single letter revealed. The nationally televised flub, which happened Monday, found Jonny and his fellow
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PWC: The digital mortgage is our new normal

In other words, lenders who offer high quality digital tools have higher customer satisfaction. But, PWC noted, today's tools have room for improvement and the survey detailed several trends the company sees that will “dramatically reshape” the tools mortgage lenders offer borrowers, including:.
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Docutech and Cre8Tech Lab's Lender Price Digital Lending to Provide Streamlined, Efficient Point …

SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Docutech, the leading provider of document, eSign, eClose, and print fulfillment technology announces their collaboration with Cre8tech Labs, Inc., a provider of industry-leading digital lending technology, mortgage pricing, and pricing analytics technology to
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Airline Stocks Fall on Oil Price Worries

Airline Stocks Fall on Oil Price Worries

American Airlines Group Inc. led U.S. carriers lower as investor concerns over rising oil prices overshadowed positive pricing trends. Saudi Arabia wants to get crude prices about $10 a barrel higher than the current level of around $70 for London's benchmark Brent, Bloomberg News reported Tuesday.
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Bank of America Will Stop Lending to Makers of 'Military-Style' Guns

Bank of America announced Tuesday that it will stop lending to clients that manufacture “military-style” rifles and sell them to civilians. “It's not our intent to underwrite or finance military-style firearms,” Anne Finucane, Bank of America's vice chair, told Bloomberg TV in an interview. The bank, which is the
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Mulvaney to Tell Lawmakers CFPB Will Keep Policing Lending-Discrimination Rules

WASHINGTON—The acting head of the Consumer Financial Protection Bureau vowed to continue policing lending discrimination on Tuesday, a day before his first semiannual report to Congress on the CFPB. Mick Mulvaney, who has been interim director since November, will use Wednesday's and
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Schlitterbahn mortgage lender fears Verruckt indictments could endanger repayment

A company that holds the mortgage on the Schlitterbahn water park in Kansas City, Kan., is warning investors that criminal indictments against its operator and co-owner could hurt Schlitterbahn's chances of repaying the $174.3 million balance on the loan. EPR Properties, a Kansas City-based real
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2018 NJUS Budget Passed; Reps From State LNG Project Visit During Council Meeting

It didn't take long for Nome City Council to approve the 2018 operations and maintenance budget for Nome Joint Utility System during Monday night's regular meeting. No comments were made, no discussion took place: all five present councilmen voted “yes” to approve the NJUS budget. Slightly more
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New York and Northeast to Get Hint of Spring Weather This Weekend

New York and the Northeast should get a few warm, sunny days this weekend, thanks to a low-pressure system crossing the U.S. that could also drag cold and snow out of Canada to blanket the upper Great Plains and northern Great Lakes. It may also spark some nasty thunderstorms across the South
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Puerto Rico to get $18.5 bln to rebuild shattered housing market

SAN JUAN, April 10 (Reuters) – Puerto Rico will receive $18.5 billion from the U.S. Department of Housing and Urban Development to help rebuild its battered housing stock and infrastructure after September's Hurricane Maria, the island's governor and HUD officials said on Tuesday. The funding for the
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Monster's one-year extension means NASCAR is banking on the future yet again

Instead, NASCAR is examining an approach with multiple high-level sponsors of its top series instead of a single title sponsor with those companies' sponsorships bundled along with track and television ad buys. Based on Phelps' comments Tuesday, it sounds like an approach that many Cup teams
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Real Estate Developer Gets 7 Years for Investment Scheme

NEW LONDON, Conn. (AP) — A real estate developer from Florida has been sentenced to over 7 years in prison at a federal court hearing in Connecticut. Seventy-five-year-old John DiMenna of Vero Beach, Florida operated an extensive real estate investment scheme that defrauded investors and
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Researchers Just Proposed a Radical New Way of Defining Alzheimer's. Could It Lead to Better …

Alzheimer's has long been one of the heaviest therapeutic albatrosses slung round drug developers' necks. The memory-eating disease, expected to afflict 15 million Americans by 2060 (and tens of millions more around the world as life expectancy increases), has no cure; a new drug for the condition
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Monster Energy extends title sponsorship of NASCAR Cup Series

The energy drink company has signed a one-year extension and will remain the the 'Official Energy Drink of NASCAR.' Monster Energy is the fourth brand to serve as the title sponsor of NASCAR's premier division since 1971. “NASCAR and Monster Energy enjoyed a productive first year and both
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Stocks rise as China's president eases trade fight fears

Lower tariffs could mean better sales for U.S. car companies, while banks could also gain entry into the Chinese market. That sent automakers and financial companies higher. Energy companies jumped along with the price of oil, a sign investors are getting more confident that the trade tensions won't
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Bank of America Says It Will Stop Lending to Certain Gun Manufacturers

Bank of America Corp. plans to stop lending to companies that make assault-style guns used for non-military purposes. “It's our intention not to finance these military-style firearms for civilian use,” Anne Finucane, a vice chairman at Bank of America, said Tuesday in a Bloomberg Television interview.
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Why Banking Makes Everyone So Uncomfortable

That's from this Wall Street Journal story — “Big Banks Find a Back Door to Finance Subprime Loans” — about how banks have gotten out of the business of making subprime consumer loans, but have increased their lending to “nonbank financial firms” which, in turn, make subprime consumer loans.
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Bank of America to stop lending to some gunmakers

Bank of America plans to stop lending to companies that make assault-style guns used for nonmilitary purposes. “It's our intention not to finance these military-style firearms for civilian use,” Anne Finucane, a vice chairman at the bank, told Bloomberg News on Tuesday. She said the bank has had
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Auction.com adds Min Alexander as chief operating officer

Auction.com, a real estate marketplace and a recent honoree as member of the HousingWire Magazine HW Tech100, announced this week that it is naming Min Alexander as its new chief operating officer. As Auction.com's COO, Alexander will lead a team of 800 employees who manage the sale of
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Meet the banking MD with the most enormous number of side-projects

What's life like when you're a seasoned investment banker with a 27 year banking career behind you? Try asking Ed Matthews, a former Nomura and Lehman Brothers managing director with a lot of other things going on. Matthews just joined Jefferies as a managing director in UK investment banking
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Instagram Is Working on 'Nametags' to Compete With Snapchat, Screenshots Show

Instagram is believed to be looking to one-up Snapchat once again with the imminent arrival of Nametags, a feature akin to Snapchat's QR codes, which allow users to scan a special image to follow other users. Now, screenshots show what the feature might look like. Screenshots obtained by
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China's wealthy families optimistic about the Chinese economy

This brought a negative influence on market sentiment and consumers' preference for risks,” the report said. Meanwhile, government's policies beneficial for the real estate market encouraged well-off families to invest in real estate, counteracting the drop in investment intention for current assets.
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Low housing inventory leads to home prices rising

The housing market continues to suffer from low inventory levels moving into the spring season. Economists claim this is one of the most difficult years to purchase real estate. Zillow claims that shopping season is fierce, with buyers searching for homes for extended periods of time as the housing
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Peter Boutell, Lending a Hand: What homebuyers need to know

Peter Boutell, Lending a Hand: What homebuyers need to know

For loan pre-approval, the mortgage industry needs to know what your income is, how much cash you have to cover the down payment and closing costs plus, what your credit report says about how well you have been paying your bills and what your monthly long term debts are. However, the reality is
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No Trump at Harry and Meghan's Wedding as Politicians Shut Out

Prince Harry and his fiancee Meghan Markle haven't invited any politicians to their wedding next month, avoiding a potential controversy over whether to include U.S. President Donald Trump. Not even the British prime minister will be coming. “It has been decided that an official list of political leaders
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Soaring home prices forcing buyers to dig even deeper

Homebuyers already strained financially are being forced to dig deeper into their hip-pockets, with an increasing number of borrowers forking out almost half of their paycheck to cover mortgage payments. New data shows that around one in five conventional mortgages granted to American homebuyers
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Spotify Is Planning a New Version of Its Free Music Service

The basic package is $9.99 a month. Spotify expects to reach about 200 million users by the end of the year, and as many as 96 million subscribers, according to a March forecast. Technology giants Amazon.com Inc., Apple Inc. and Alphabet Inc. are all vying for a larger share of the music subscription
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Law Says Troops Can't Be Cops. History Disagrees.

The unsavory origins of the Posse Comitatus Act make it hard to view it as a high-minded stand against military involvement in civil affairs. To make matters even more complicated, the original prohibition and subsequent amendments have been diluted by a number of exceptions. These exceptions have
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Wells Fargo defends lending to gun industry amid pressure to back off

Wells Fargo & Company defended business practices after a national teachers' union threatened cut ties with the bank if it continued investing in the National Rifle Association and gun makers. The American Federation of Teachers on Friday published an exchange with Wells Fargo that began with AFT
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Report: Theranos Just Laid Off the Vast Majority of Its Employees

Embattled Silicon Valley medical technology company Theranos is reportedly returning to its startup roots, at least by one metric: It will only have a couple dozen employees left following a new round of layoffs, according to the Wall Street Journal. On Tuesday, CEO Elizabeth Holmes announced during
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White House Asserts Trump Can Fire Mueller as GOP Urges Caution

President Donald Trump has been advised he has authority to fire special counsel Robert Mueller, a White House spokeswoman said, as top Republicans in Congress warned that doing so may put his presidency at risk. White House press secretary Sarah Huckabee Sanders on Tuesday shifted the
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Harvard's Admissions Secrets Won't Become Public Just Yet

Many of Harvard University's secrets about its admissions practices will remain confidential — for now. Harvard is defending a lawsuit over how it chooses its students by a group representing more than a dozen Asian-American applicants who were rejected. The group sued in 2014, claiming the
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Fox Networks' UK Offices Raided by EC Competition Watchdogs

The purpose of the investigation wasn't clear, the Telegraph said. Fox is trying to obtain permission from British regulators at the Competition and Markets Authority to complete its acquisition of Sky Plc, a deal that already has EU approval. Fox has offered to spin off Sky News or sell it to Walt Disney Co.
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Trump Lawyer Reportedly Invested in New York City Taxi Medallions

The FBI raid on the offices of President Donald Trump's lawyer, Michael Cohen, included one surprising aspect: taxi medallions. Agents were seeking documents on Cohen's ownership of “numerous” New York City taxi medallions, according to CNN. That might not be as salacious as records showing
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Setting the Record Straight on Digital Mortgages

Having worked in the mortgage industry for over 30 years, I've pretty much seen it all. As a mortgage technologist, I've watched vendors and lenders alike create hype around various technologies and new buzz words over the years, only to see so many of them never gain adoption or provide value.
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Bank of America to Stop Financing Makers of Military-Style Guns

Bank of America will stop lending money to gun manufacturers that make military-inspired firearms for civilian use, such as the AR-15-style rifles that have been used in multiple mass shootings, a company executive said Tuesday. The policy is the latest example of Wall Street wading into the divisive
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Smith & Associates Real Estate Named One of Top Workplaces in Tampa Bay

Founded in 1969, Smith & Associates Real Estate is Tampa Bay's largest independent and locally-owned real estate brokerage, with a commitment to exceptional service, and superior market knowledge. Deeply embedded in the community and comprised of five strategically located offices in the Tampa
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Approved, LendingQB partner to launch wholesale lending platform

“By integrating with Approved, we're able to offer lenders a suite of technology solutions that leverages digital mortgage capabilities across different channels, embedding the user experience directly into the overall lending workflow,” Colwell added. “We are excited to partner with Approved.” According
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BofA Will Stop Lending to Makers of Assault-Style Guns

“It's our intention not to finance these military-style firearms for civilian use,” Anne Finucane, a vice chairman at Bank of America, said Tuesday in a Bloomberg Television interview. The firm has had “intense conversations over the last few months” with those kinds of gun manufacturers to tell them it won't
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At $195.52 Investors Title Company (ITIC) Forms Bullish Multiple Top

During 2017 Q4 the big money sentiment increased to 1.36. That's change of 0.32, from 2017Q3's 1.04. 2 investors sold all, 20 reduced holdings as Investors Title Company ratio increased. 22 grew positions while 8 funds took positions. Funds hold 790,051 shares thus 0.46% more from 2017Q3's
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Enzo Morabito

Thanks to his forward-thinking tactics, this professor-turned-real estate whiz rules the scene. Here, we sit down with the man himself to get the inside scoop on how he got his start, where he's headed next, and which home-selling trends he's banking on. You've been a power-broker for douglas Elliman
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No One Likes Necco Wafers, but People Are Hoarding Them Anyway

Necco Wafers, those chalky, curiously flavored candies that kids have been throwing away on Halloween for years, are suddenly red hot as their manufacturer teeters on the edge of a shutdown. Confectioner Necco has been warning customers it is struggling for some time now—and has said it might be
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Federal Judge in Texas Rules Title VII Bans Anti-LGBT Discrimination

… who claimed that energy company Phillips 66 had rejected her for a job because she's transgender, The Dallas Morning News reports. Rosenthal found that Wittmer hadn't proved the company had discriminated, but if it had, she would have had a case under Title VII of the U.S. Civil Rights Act of 1964.
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HUD Allocates Record $28B in Grants to Disaster Recovery Areas

HUD Allocates Record $28B in Grants to Disaster Recovery Areas

The Department of Housing and Urban Development's (HUD) Community Development Block Grant–Disaster Recovery Program has awarded nearly $28 billion to support long-term disaster recovery in hard-hit areas in nine states, Puerto Rico and the U.S. Virgin Islands. This represents the largest
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BankThink To capitalize on open banking, the industry needs standards

For years, fintech companies have collected consumers' bank data when they willingly hand over their bank credentials to use a service. However, only a handful of banks are sharing financial data with third-party developers through a more secure and modern method: application programming
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FBI Sought Records on Alleged Trump Affairs in Cohen Raid, Source Says

The FBI was seeking documents related to Donald Trump's purported affairs with an ex-Playboy model and an adult film star when it raided the president's longtime lawyer Michael Cohen, according to a person familiar with the matter. Monday's raid on Cohen's office, home and hotel room steps up the
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Real estate investors plead guilty to scheme to rig public foreclosure auctions

In February, brothers Jason Boykin and Shannon Boykin also pleaded guilty for their role in conspiring with others to rig bids, designating a winning bidder to obtain selected properties at public real estate foreclosure auctions. Co-conspirators made and received payoffs in exchange for their agreement
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China's Ant Financial aims for $9 bln in new funding

After becoming a dominant payments company in China, Ant Financial focused on international markets by buying a stake in Indian payment firm Paytm and Pakistan-based Telenor Microfinance Bank. Its attempt to buy U.S. money transfer company MoneyGram International was blocked at the start of
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US Fintech Quovo Launches New Products to Improve Lending Value Chain

Quovo, a fintech company that leverages data to provide insights alongside connectivity for financial accounts, announced on Tuesday the launch of its new products, Income + Expense, that equip lenders with insights to streamline and improve key processes in the lending value chain, adding to the
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Analysts expect to give high credit rating to GSE successors

The future secondary mortgage market entities will receive high investment grade ratings, even as there is no clarity on their scope or form, Fitch Ratings said. These bodies, whether they are totally new entities, a recast Fannie Mae and Freddie Mac or some hybrid of both that comes out of the housing
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Bankers worry Dodd-Frank rollback bill could be in peril

And moderate Senate Democrats, whose support was critical in advancing the banking bill, have sent their own message in recent weeks: They won't vote on this bill twice. “They did the best they could to come up with a strong bipartisan bill,” said Paul Merski, executive vice president for congressional
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Avendus Capital appoints Puneet Renjhen as ED-Investment Banking

Avendus Capital has appointed Puneet Renjhen as executive director, Investment Banking, as the financial services firm aims to focus on bigger and multi-dimensional transactions. Renjhen, till recently worked with Standard Chartered and prior to that was with Citigroup, Kotak and Lazard in Investment
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Investec simplifies mortgage range and cuts rates

Peter Izard, business development manager at Investec Private Banking, said: “By simplifying and strengthening our mortgage proposition we have clearly positioned Investec Private Banking as the 'go to' lender for high net worth borrowers, offering clients extensive choice and flexibility to meet their
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Lions banking on return of key players

Johannesburg – The Lions have received some good news on the injury front with Warren Whiteley, Ross Cronje, Rohan Janse van Rensburg and Aphiwe Dyantyi all expected to be cleared for their upcoming Australasian tour. FIXTURES: Super Rugby 2018. The Lions leave on Tuesday, April 17 for
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New York City Council Speaker Seeks Half-Price Subway Rides for the Poor

Commuters wait to board a 5 train to arrive at the 14th Street-Union Square subway station in New York. Photographer: Craig Warga/Bloomberg. Corey Johnson, the speaker of the New York City Council, said he will push for half-price subway and bus fares for residents living at or below the federal
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The Challenges of Balancing Mortgage Risk and Access

Striking a balance between default risk and credit access can be an onerous, if not impossible, task to undertake, Urban Wire reports. Take some recent, well-intentioned efforts by Fannie Mae, which tweaked its underwriting criteria to loosen access to mortgage credit. That move caused several private
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Driggs Title Agency pays it forward to Fresh Start Women's Foundation

Phoenix-based Driggs Title Agency recently presented its first donation to Fresh Start Women's Foundation just two months after launching its Kindness Kwest app. The app, which inspires employees to give back to the community, is a tool developed in-house that utilizes gamification to build company
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N.Va. Realtors absorb impact of federal tax changes, economic data

Retiring Baby Boomers trying to downsize their living quarters are competing for the same smaller housing units with Millennials just entering the real estate market, Wingert said. In addition, huge student-loan burdens have led young people to delay purchasing homes by about five years, he said.
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Nationstar Mortgage (NSM) versus PennyMac Financial Services (PFSI) Head to Head Analysis

Nationstar Mortgage (NYSE: NSM) and PennyMac Financial Services (NYSE:PFSI) are both small-cap finance companies, but which is the better business? We will contrast the two companies based on the strength of their institutional ownership, earnings, valuation, profitability, dividends, risk and
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Study: CFPB Has Not Taken Enforcement Actions Since Cordray Left

When Richard Cordray was director of the Consumer Financial Protection Bureau (CFPB), the agency averaged two to four enforcement actions per month. But since Cordray left the agency in late November, the CFPB has not taken any enforcement actions against the financial services industry.
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New NextGear Capital feature offers dealers expedited funding on notice of title

This replaces the traditional practice of having to secure a physical title before funding is processed,” the company explained in a news release. Furthermore, dealers can conveniently manage the non-auction funding process and also monitor the status of their funding requests in real-time. To save
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Australia lags on digital banking revolution: Oracle survey

The only catch is that often, the way for consumers to squeeze more value from their data it to securely “share” it with a rival bank or financial technology or “fintech” firm. Treasurer Scott Morrison is even pushing for an government-mandated system to allow such sharing, known as “open banking” (more
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Raleigh or Durham? Where housing prices are rising faster

The increases in Durham-Chapel Hill are outpacing the statewide average rise in the housing price index, which sat at 5.2 percent in February. Raleigh is a different story. While prices continue to rise in the City of Oaks, the state's capital is not outpacing the statewide average, according to CoreLogic's
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Barclays Offering New 'Green Home' Mortgage

Barclays Offering New 'Green Home' Mortgage

The bank is set to roll out preferential interest rates to borrowers who want to buy homes that meet certain energy-efficient criteria. The cheaper rates will be available from the 16th of April with the new 'Barclays Green Home Mortgage' being available to borrowers looking to purchase houses that fit into
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PeoplesBank Implements New Online Banking Strategy with Gro Solutions

ATLANTA–(BUSINESS WIRE)–Gro Solutions, a leading provider of digital growth solutions for banks and credit unions, announced York, Pa.-based PeoplesBank, A Codorus Valley Company ($1.7 billion in assets), has selected Gro's Digital Sales Platform to improve digital account onboarding and
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Pergola Creations: Architecture, Construction and Real Estate in Ghana

My industry is architecture, construction, and the real estate market. The good thing is that over the years, Ghana has gradually started gaining some ground in economic development. Recent reports from the World Bank state that Ghana is now the fastest growing economy. We can see that all around
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"Wheel of Fortune" Contestant Loses Thousands for Mispronouncing "Flamenco"

How did this happen?! By Amanda Garrity. Apr 10, 2018. There's nothing worse than making it all the way to the finish line … and then fumbling. Jonny, a contestant on last night's Wheel of Fortune, knows exactly what that's like — and he paid the price (literally).
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In a first since December 2013, HDFC raises lending rate by 20 bps

After HDFC Ltd, largest mortgage financier in private sector, raised its lending rate by 20 basis points (bps), home buyers are set to shell out more in their EMIs or the equated monthly installments. The retail benchmark prime lending rate (BPLR) increase by HDFC is the first since December 2013,
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Worst Wheel of Fortune Fail? Contestant Loses Thousands of Dollars Mispronouncing Solved Puzzle

This looked like it hurt. On the Monday, April 9 episode of Wheel of Fortune a contestant lost thousands of dollars—and the puzzle was already solved! He added the last letter to the puzzle, a “D” and all Jonny needed to do was say “Flamenco Dance Lessons.” He tried. He said, “Flamingo Dance
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MISMO Seeks Comment on V3.5 of Reference Model

… Veterans Administration programs, changes to support SEC Regulation AB-2 reporting requirements, and changes to support updates made by the Consumer Financial Protection Bureau to the Know Before You Owe reporting requirements as well as the Home Mortgage Disclosure Act reporting rule.
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Loan Officers! Here's what you're missing at LendIt Fintech

I'm in bright and sunny San Francisco for LendIt Fintech USA, a conference devoted to financial technology. What's in it for mortgage lenders? A lot, especially as the industry moves closer and closer to a complete digital mortgage process.
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As Harvey's impact fades, certain delinquencies remain elevated

Local delinquencies that rose in Hurricane Harvey's wake may be lower than they were right after the storm, but they are still higher than they were a year ago. The Houston area's 30-day-plus delinquency rate in January was 9.1%, according to CoreLogic's Loan Performance Insights Report. In January
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QSE continues its bullish run on strong buying interests

Major gainers included Industries Qatar, Mesaieed Petrochemical Holding, Qatar Islamic Bank, QNB, Commercial Bank, QIIB, Qatar Electricity and Water, Mazaya Qatar and Widam Food; while Doha Bank, Dlala, Mannai Corporation, Qatar National Cement, Gulf International Services, Aamal Company,
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Goldman shares to jump nearly 20% the next 12 months as rates rise, investment banking booms …

Investment banking, management and lending have overtaken trading as Goldman's leading source of revenue, Bernstein analyst Christian Bolu writes. “We believe the revenue recession that has plagued Goldman Sachs shares is at an inflection point,” Bolu says. He says the company's shares should
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Are borrowers ditching fixed-rate mortgages?

The demand for fixed-rate mortgages could be losing its lustre, as only one in five borrowers opted for the product last month. Citing figures from industry firm Mortgage Choice, Australian Broker reported that fixed rate home loans only accounted for 21.35% of all borrowings written in the previous month,
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Record Level of Commercial and Multifamily Origination in 2017

“2017 was a very strong year, driven by solid property fundamentals, rising property values, low interest rates, and a ready supply of mortgage capital all contributing to extraordinarily attractive finance markets,” said Jamie Woodwell, MBA's vice president of commercial real estate research. “We expect
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Tishman Locks Down Pfizer as Anchor, $1.8B in Financing at The Spiral

In addition to the construction financing from Blackstone Mortgage Trust (BXMT), the tower will be funded by $1.9 billion in equity from Tishman Speyer and “more than a dozen other institutional, pension fund and individual investors,” according to the news release. “Our well-protected, low leverage loan
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Getting Consumers Across The Mobile Banking Gap

By the numbers, digital banking is — and is not — extremely popular with consumers of all stripes. According to the latest edition of the PYMNTS Digital Banking Tracker, when it comes to some tasks, consumers are clearly comfortable with leaving the physical world behind and making the digital
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Delinquency Rate Inches Down

Nearly five percent of all mortgages were in some stage of delinquency during January, according to new data from CoreLogic. This represents a 0.2 percentage point drop from the 5.1 percent level from January 2017. During January, the foreclosure inventory rate was 0.6 percent, down 0.2 percent
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Politicians Shut Out of Harry and Meghan's Wedding, Including Trump

Britain's Prince Harry and his fiancee, U.S. actress Meghan Markle, attend a Commonwealth Day Service at Westminster Abbey in London on March 12, 2018. Photographer: DANIEL LEAL-OLIVAS/AFP. Prince Harry and his fiancee Meghan Markle haven't invited any politicians to their wedding next
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Bill Would Ban Written Notices to Tenants Unless There Is a 'Good Cause'

… where his law firm's primary practice areas consist of real estate, litigation, land use and zoning, business formation and general counseling and appellate advocacy. He is also president of Bear Abstract Services, where his title insurance company offers comprehensive title insurance, title examination
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Investors are Unsure How to React (Brief Analysis) – Papa John's International Inc (NASDAQ: PZZA)

The stock becomes active when traders or investors changed hands with 561,461 shares contrast to the three-month volume average of 1.09M shares. The ratio between current volume and 3-month average value, also known as Relative volume was observed at 0.51, validating the stock's In Play state.
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Buyers Jump Into Real Estate Market as Mortgage Rates Rise

Rising mortgage rates are supposed to shut buyers out of the spring real estate market, but they may be doing the reverse: forcing would-be home buyers off of the sidelines before it becomes even more costly to take out a home loan. That's according to Credit Suisse, which late last week issued its
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Can Humans Understand How Robots Invest?

Can Humans Understand How Robots Invest?

News reports and press releases—all fed into the system—showed how Brookdale was responding to the threat. “We found, hey, that senior living facility—they have a very good, organized setup” and could provide backup housing, Khatua says. The ETF bought the stock and made a small profit on the
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Is Lowe's Closing The Gap With The Home Depot?

As the housing sector continues to plow ahead, home improvement retailers are in for a big year in 2018. A squeeze in inventory levels will push more homeowners towards improvement projects in the near future, especially with the combination of higher interest rates, making the cost of moving less
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Despite major stock dip, Radian CEO not ready to counter rival's strategic move

Late last month, Radian acquired national title insurance and settlement services company Entitle Direct Group. Thornberry also restructured his top management team and announced plans to reconfigure the company's sales team to create a unified focus on selling all of the Radian's products and
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Trump Homeland Security Adviser Tom Bossert to Resign

President Donald Trump's homeland security adviser, Tom Bossert, will resign at the request of new National Security Adviser John Bolton, a person familiar with the matter said. Bossert has served in the White House since Trump's inauguration. He's been a key adviser to the president on cybersecurity
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Ireland Dismisses Davis's Sinn Fein Comments as 'Nonsense'

Ireland's deputy prime minister assailed U.K. Brexit Secretary David Davis' suggestion that Sinn Fein is influencing the Dublin government as “nonsense,” in the latest sign of tension between the two countries over the U.K. vote to leave the EU. The Irish government under Prime Minister Leo Varadkar
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Monster Energy to extend NASCAR Cup title sponsorship through 2019

NASCAR Executive Vice President Steve Phelps also raised the possibility, stating it is “highly unlikely” Monster will return as title sponsor, though he expects the company to remain involved in the sport. One rumored sponsorship model is the likelihood of the Cup Series having no exclusive naming
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Why buying a house today is so much harder than in 1950

That midcentury scenario seems like a financial fantasia to young adults hoping to buy homes today. Finding enough money for a down payment in the face of rising rents and stagnant wages, qualifying for loans in a difficult regulatory environment, then finding an affordable home in expensive metro
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Trump Ethanol Moves May Be Worse for Farmers Than Soy Tariff

Based on his own back-of-the-envelope calculations, Minnesota farmer Kirby Hettver could lose tens of thousands of dollars of earnings because of President Donald Trump. But damaging as the brewing trade war with China may turn out to be for Hettver and other American soybean farmers, he says
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Investors Bet Against Turkey Banks as Debt Wave Gains Force

The trio of a plunging lira, high inflation and rising borrowing costs risks making a bad situation worse for the nation's firms, according to Tomasz Noetzel, a Bloomberg Intelligence analyst covering eastern European lenders. “The bigger picture is that it's more difficult to do business there with a weak lira
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NASCAR, Monster Energy Extend Title Sponsorship for One More Year

The energy drink company will remain the title sponsor of America's top stock-car racing series through the 2019 season. … Monster Energy will remain the title sponsor for its premier series in 2019, courtesy of a one-year extension between the racing sanctioning body and the energy drink company.
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How much will my home be worth later on?

today 09:00 / Author: Masja de Ree / Category: Clients and customers What are the dynamics behind house price fluctuations and how high is the risk of severe depreciation for homeowners? Alfred Teye was awarded a PhD on this topic last 16 March at the Delft University of Technology (TU Delft).
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Watch the cringe-worthy moment a 'Wheel of Fortune' contestant lost out on $7000 after …

A “Wheel of Fortune” contestant named Jonny lost out on the chance to win an easy $7,100 after mispronouncing a word. After clearing the board, all Jonny had to do to take home the money was read the complete answer: “Flamenco Dance Lessons.” But Jonny accidentally said “flamingo” instead of
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ACCC to probe banking competition

The financial intelligence agency Austrac has targeted Commonwealth Bank for multiple transgressions of money-laundering laws, which has led to an APRA investigation of the bank's culture. ASIC has also taken action against CBA in the Federal Court over alleged rigging of the benchmark interest
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Argo Group International (NASDAQ:AGII) versus Investors Title (ITIC) Head to Head Review

Investors Title (NASDAQ: ITIC) and Argo Group International (NASDAQ:AGII) are both small-cap finance companies, but which is the better investment? We will compare the two companies based on the strength of their earnings, valuation, institutional ownership, risk, profitability, analyst
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Bryan Hymel and Ailyn Pérez to Star in Bartlett Sher Directed ROMEO ET JULIETTE

Ailyn Pérez adds a new role to her Met repertory as Juliette, in what is a break-out year for the soprano, singing leading roles in three productions at the company. Earlier this season she sang the title role in Massenet's Thaïs and the Countess in Mozart's Le Nozze di Figaro. Pérez made her company
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Charleston-area home sales bounce back in March

Average long-term interest rates stand at 4.40 percent for a 30-year mortgage and 3.87 percent for a 15-year loan, according to financier Freddie Mac. With low inventory and high demand, the price of homes is expected to continue to climb. Property information service CoreLogic expects home prices to
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The effect of attention and news on the buying behavior of individual and institutional investors …

According to International Business Machines Corporation's Insider ownership is at 0.10%. The total amount of shares outstanding is 942.34M, giving the company a market capitalization of about 143.89B. The stock has seen its SMA50 which is now -2.10%. In looking the SMA 200 we see that the stock
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Bank of America to stop lending money to makers of assault rifles

Bank of America Corp. said Tuesday that it will no longer lend money to companies that manufacture military-style assault weapons for civilian use, in the hopes the move will contribute to a reduction in the number of mass shootings nationwide. Anne Finucane, Bank of America's vice chairman, said in
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AG Shapiro warns of mortgage modification scams across PA

During the first three months of 2018, the Office of Attorney General has already received 15 complaints from consumers about mortgage modification scams, compared with 61 complaints last year. A mortgage modification involves obtaining a lower interest rate or extended payment terms on your loan.
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A Message From Florida Association of Mortgage Professionals President Kimber White, CRMS

In February, FAMP participated in our annual “Lobby Days” in Tallahassee. FAMP supported three bills and one, HB 935, successfully passed the legislature and was signed into law by Gov. Rick Scott earlier this month. This bill establishes the definition of a “Business Purpose Loan” as a mortgage loan,
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Real estate daily market update: April 10, 2018

Real estate daily market update: April 10, 2018

The average rate you'll pay for a 30-year fixed mortgage is 4.29 percent, an increase of 2 basis points from a week ago. A month ago, the average rate on a 30-year fixed mortgage was higher, at 4.34 percent. The average 15-year fixed-mortgage rate is 3.68 percent, down 1 basis point from a week ago.
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'Despacito' and Videos by Taylor Swift and Drake Were Targeted by Hackers

The video for the Luis Fonsi and Daddy Yankee track, which has been viewed more than 5 billion times on YouTube and became the site's most-watched video last year, was one of many titles compromised by hackers targeting clips from music video platform Vevo, the BBC reports. Hackers going by
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Finitive launches alternative lending investment platform

“Alternative lending is a global, fast growing, multi-trillion-dollar asset class which remains highly inefficient, as investments require a lengthy and complex due diligence process. The sector is poised for change,” said Jon Barlow, Finitive's Executive Chairman and founder. “Finitive's platform utilizes
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INVL Baltic Real Estate has upgraded the loan limit

UTIB INVL Baltic Real Estate (hereinafter – the Company) has signed an agreement with AB Siauliu bankas (hereinafter – the Bank) on 10 April 2018, regarding the loan limit upgrade to EUR 24 million. The Company and the Bank signed a Credit Agreement on 26th September 2014. According to the
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Feeling The Hell In 'HELCO'

Last night at our community gym the local radio station blared recurring ads for 'easy refinancing' and 'easy home loans'. 'Take that trip… redo that kitchen… consolidate those debts… help the kids!' The jingles were relentless and the message clear: “Why wait until you have the money, to spend it on
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Sklar Kirsh Bolsters its Real Estate, Corporate Practices

Boddie, an attorney in the firm's Real Estate practice, focuses on complex real estate transactions with significant experience in representing borrowers and institutional lenders in connection with the origination and servicing of loans secured by various financial structures. He has broad experience in
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VanEck Launches Real Asset Allocation ETF

The new fund uses a rules-based model to allocate among approximately 12 exchange-traded products (ETPs) and has the ability to allocate up to 100% to cash and cash equivalents in the event of market stress. The ETPs provide exposure to agribusiness, coal, infrastructure, real estate, steel,
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Analysts See $0.45 EPS for Flushing Financial (FFIC); ADAPTIVE MEDIAS (ADTM) Shorts Raised …

Adaptive Medias, Inc., a programmatic audience and content monetization company, provides digital video and mobile solutions for Website owners, app … The Company's loan portfolio comprises mortgage loans secured by multi-family residential, commercial real estate, one-to-four family mixed-use
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Teachers Union Demands Wells Fargo Cut NRA Ties

… to drop its participation in Wells Fargo's mortgage program unless the San Francisco-based lender severs its ties with the National Rifle Association (NRA). … The AFT said it would drop the Wells Fargo mortgage program from its Union Privilege program and urge other labor unions to do the same.
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Banks find new way to stay in subprime-lending biz

(CNBC) — Big Wall Street banks have found a way to continue funneling money to high-risk borrowers — by lending to other institutions who make the so-called subprime loans. Wells Fargo, Citigroup and others pushed $345 billion to nonbank lenders, sometimes called “shadow banks,” from 2010 to
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Responding to Technology Disruption in Wholesale Banking

As FinTech companies disrupt the financial services industry with marketplace lending and blockchain-based supply chains, wholesale banks are meeting the challenge by reprioritizing IT spending and improving their innovation capacity. Throughout the digital economy, consumers perform key
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Dallas-based real estate services firm opens Nashville office

Commercial real estate valuation, advisory and assessment firm BBG announced Tuesday it has opened an office in Nashville, the Dallas-based company's sixth office in the Southeast. The office is located at Regus Highland Ridge II Business Center near Nashville International Airport. BBG also
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Term Sheet — Tuesday, April 10

The bike-sharing war is roaring in the United States following its explosive popularity in China and Europe. Yesterday, Uber acquired dockless e-bike service Jump Bikes (formerly known as Social Bicycles) for a reported amount of $200 million. The company had only raised little more than $11 million in
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Evergreen Real Estate plans for North Side senior housing project

Evergreen Real Estate Group is moving ahead with plans for a 193-unit senior housing project in the old Ravenswood Hospital on the North Side. The $60 million project would have both supportive and independent living facilities under the same roof, which was prohibited under state law until a new
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Commentary: The demographics driving real estate investments in non-gateway cities

Real estate investors have long been attracted to office investments in prime business centers of the U.S. gateway markets, Boston, New York City, Washington, San Francisco, Los Angeles and Chicago. However, there is a demographic shift underway that is driving interest in office investment
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New Oracle Banking APIs Help Banks Build Faster, Better Services

NEW YORK, April 10, 2018 /PRNewswire/ — Oracle Industry Connect – Oracle Financial Services today announced the general availability of a new solution Oracle Banking APIs targeted at helping banks embarking on an Open Banking journey. Banks can take advantage of the ready to consume APIs
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London Home Prices Now Offer Clues for Buyers in New York, Tokyo

Researchers took a look at 44 cities and 40 advanced and emerging-market economies, and found that globally low interest rates have helped to push up prices the world over. What's more, institutional investors have gotten more active in big-city real estate as they seek higher returns, and wealthy
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Portland Real Estate Market Still Adjusting to Inclusionary Housing

It might make changes to the inclusionary zoning policy as it gathers more data on the impact it's having on the real estate market, but the policy is here to stay. Reyes says that every city that's considering mandatory inclusionary zoning needs to find a balance that promotes affordable housing without
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AutoGravity broadens vehicle financing options to international students through a new partnership …

“Car buyers are looking for a faster and simpler car financing process,” said Serge Vartanov, AutoGravity co-founder and chief evangelist officer. “As the first online platform to cater exclusively to the financing needs of international students, Westbon will benefit from AutoGravity's appeal to digital-savvy
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Eagle Home Mortgage Debuts Digital Loan Application Platform

“We are combining the power of technology with an intuitive design to enable borrowers to apply for a mortgage in as little as 10 minutes from any device,” said Jimmy Timmons, President of Eagle Home Mortgage. “By empowering customers to provide a more complete loan application upfront, we can
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