South Africa's Unsecured Lending Industry – Separating Fact From Fiction

South Africa's Unsecured Lending Industry – Separating Fact From Fiction

Industry once again in the spotlight following recent short-seller reports. Unsecured lending is partly a function of South Africa's macroeconomic characteristics and structural shortcomings. As such, demand for unsecured loans will not disappear while periodic crisis will also remain a feature of the
See Original Article

Smart Water Meter Market: Growth, Development, Trends, Demand, Share, Analysis and Forecast …

It's vital you keep your market knowledge up to date segmented by Water Supply Company, Real Estate Agency & Industrial And Mining Enterprises, Pre-Payment Electricity Meter & Remote Transmitting Water- Meter and major players. If you have a different set of players/manufacturers according to
See Original Article

Who Is Scooter Libby? 4 Things to Know About Dick Cheney's Former Advisor Who Just Got …

President Trump pardoned Lewis “Scooter” Libby, who served as Chief of Staff to former Vice President Dick Cheney, Friday afternoon. More than a decade ago, Libby was convicted of perjury and obstruction of justice in connection to an investigation into the leaked identity of CIA agent Valerie Plame
See Original Article

Canadian home sales fall 22.7%, national average price down 10.4%

“As a result, 'affordably priced' homes are becoming less affordable while mortgage financing for higher priced homes remains out of reach of many aspiring move-up home buyers.” Apartment units posted the largest year-on-year price gains in March, up 17.8 per cent, followed by townhouse/row units
See Original Article

Marijuana Use Is More Common Among Employees With These Jobs

As marijuana is legalized in more and more states — 29 and counting — questions have arisen about weed in the workplace, and whether legalization will contribute to a rise in on-the-job impairment from cannabis usage. But is marijuana actually affecting the office? That's one of the questions
See Original Article

Citigroup earnings beat analyst expectations, banking giant gets boost from tax cuts

Citigroup earnings beat analyst expectations, banking giant gets boost from tax cuts. Citigroup earnings beat expectations; shares … The bank's stock is down more than 3% this year, lagging some of its peers, including J.P. Morgan Chase and Bank of America. J.P. Morgan reported quarterly results on
See Original Article

SPRING HOUSING MARKET: Homes you can buy throughout the region for $500000

Home values continue to climb in Greater Philadelphia. In today's market, $500,000 can get you a variety of different properties, spanning from condos to townhouses to large single-family homes in the far suburbs. We've compiled a sampling of homes on the market for $500,000 (or somewhere
See Original Article

OPEC Near 'Mission Accomplished' as Oil Glut Vanishes, IEA Says

Nonetheless, as OPEC gets closer to its goal, Saudi Arabia is increasingly eager to revise the target, arguing that the cuts need to continue to ensure markets have properly rebalanced. The producers, who will meet in the Saudi city of Jeddah next week, have examined alternative metrics that filter out
See Original Article

Letter: Tech industry and real estate agents are to blame for the Bay Area housing crisis

A downtown San Jose office campus totaling 1.02 million square feet, in a visualization. Developers who have proposed a big tech campus in downtown San Jose have edged closer to launching the project by requesting construction permits for the project, where thousands of people could someday
See Original Article

Investors Title (ITIC) Earns Media Sentiment Rating of 0.11

Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Investors Title earned a news sentiment score of 0.11 on Accern's scale. Accern also assigned news articles about the insurance provider an impact score
See Original Article

Fargo profits up, but potential settlement may change that

WASHINGTON (AP) — Wells Fargo's profit jumped 6 percent during the first quarter, but that may be revised following an offer by federal regulators to settle a host of investigations into the consumer banking giant at a cost of $1 billion. Wells is navigating several investigations tied to the opening by
See Original Article

Not to Be a Broken Record But We Need to Build More Housing, Fast

How fucked up is the American housing market, one of the biggest drivers of inequality? In many cities, the financial reward for owning a home is even bigger than the reward for having a job. Owning a home has traditionally been an automatic way for people to save and build wealth—the most common
See Original Article

What Is CUI Global Inc's (NASDAQ:CUI) Share Price Doing?

CUI Global Inc (NASDAQ:CUI), a electronic company based in United States, saw significant share price volatility over the past couple of months on the NasdaqCM, rising to the highs of $3.25 and falling to the lows of $2.5. This high level of volatility gives investors the opportunity to enter into the stock,
See Original Article

Wellington Explainer Video Production Service

Instead choosing one topic per video makes it easier to grasp. A mortgage broker, might talk about fixed-rate mortgages in one video, and refinancing in another.” Explainer videos can be used on a company's website, in their social media, newsletters, and on YouTube. Video increases visitor
See Original Article

Data behind Dominic Raab claim migration pushed up house prices

The government has published the data behind Housing Minister Dominic Raab's claim that immigration has caused house prices to rise 20% over 25 years. His figures were based on a model detailed in reports published in 2007 and 2008 by the National Housing and Planning Advice Unit. The model
See Original Article

Companies, agents honored at 2018 Real Estate Awards

More than two dozen companies and several agents were honored Thursday night during the 2018 Real Estate Awards dinner at the Hyatt Regency Wichita. And three people were enshrined as the first members of the Real Estate Awards Hall of Fame: Tom Dondlinger of Dondlinger and Sons
See Original Article

Wells Fargo says it faces $1 billion penalty for mortgage, auto business misdeeds

Wells Fargo said Friday that it faces a potential $1 billion in fines to resolve government investigations into the megabank's behavior in the auto and mortgage markets. The bank has acknowledged that it charged thousands of customers for auto insurance they didn't need, driving some to default on their
See Original Article

MFS expands lending team by 30%

The specialist lender has reported an increase in the number of individual borrowers, businesses and brokers enquiring about its bridging loans, which are tailored to specific individual needs. The news comes as the Association of Short Term Lenders (ASTL) reported that 78% of its members expected
See Original Article

A Billionaire Toy Maker Will Still Try to Buy Hundreds of Closing Toys 'R' Us Stores, Despite Failed …

Billionaire toy maker Isaac Larian isn't letting a failed crowdfunding effort stand in the way of his plans to buy hundreds of Toys 'R' Us stores. Larian had attempted to raise $1 billion via GoFundMe, but secured only $59,000 in three weeks, the Los Angeles Times reports. Nonetheless, the businessman
See Original Article

Wells Fargo confirms that it may pay $1 billion penalty over latest consumer abuses

… ongoing discussions with the Consumer Financial Protection Bureau and Office of the Comptroller of the Currency to resolve matters regarding our compliance risk management program and our past practices involving certain automobile collateral protection insurance policies and certain mortgage
See Original Article

French Rail Strike Slackens After Macron Shows Resolve on Reform

French Rail Strike Slackens After Macron Shows Resolve on Reform

A French rail strike lost momentum on Friday after President Emmanuel Macron vowed he wouldn't back down on plans to overhaul the state operator SNCF. About one high-speed train out of three was expected to run, with the same proportion of regional trains in service, the state-controlled company
See Original Article

Cities of luxury: New York – Luxury Memo special report

According to the Douglas Elliman 2017 Manhattan Townhouse Decade Sales Report, from 2008 to 2017 negotiability became more flexible in New York luxury real estate, resulting in a decline in on-the-market time. The average sales price in the past 10 years in luxury was reported as $20,382,189
See Original Article

March home sales plunge 22.7%, with national average price sliding 10.4%: CREA

“As a result, 'affordably priced' homes are becoming less affordable while mortgage financing for higher priced homes remains out of reach of many aspiring move-up home buyers.” Apartment units posted the largest year-on-year price gains in March, up 17.8 per cent, followed by townhouse/row units
See Original Article

Cal Poly student wins big on 'Wheel of Fortune'

A local student won big on “Wheel of Fortune” Thursday night. Cal Poly student CJ Covington beat out the other contestants and made it to the bonus round of the game show. He successfully solved the puzzle and won an additional $35,000. Covington took home a total of $52,820 in cash and prizes on
See Original Article

Citigroup profit beats estimates on consumer banking strength

Global consumer banking revenue increased 7 percent on gains in North America, Mexico and Asia. Citigroup's shares were up 1.28 percent in premarket trading. “Our first quarter results demonstrate strength and balance across our franchise and position us well for the rest of the year,” Chief Executive
See Original Article

Alexandria Real Estate Equities, Inc. (ARE): Intraday Financial Mover:

Alexandria Real Estate Equities, Inc. (ARE):. Active investor focuses on important indicators those changes daily in trading session that includes where the Alexandria Real Estate Equities, Inc. stock price change moved UP, DOWN or UNCHNAGE? What is market trading price of stock? How much
See Original Article

Have we got Open Banking marketplaces back to front?

Open Banking has been the topic du jour for some time and one aspect that comes up again and again is that of marketplaces. The theory goes that big banks, keenly aware of the threat of disintermediation, will partner with Trusted Third Parties to offer a whole raft of services that are of benefit to their
See Original Article

Facebook Is Starting To Copy More Features From Instagram

Facebook is adding some much-needed features to its Stories feature. And it's borrowing from its photo-sharing service Instagram to do it. The world's largest social network will now allow users to use the Boomerang feature popularized by Instagram Stories in their Facebook Stories, the company
See Original Article

Inventory down; sales up in local housing market

TOLEDO (13abc Action News) – Lucas and Wood County home owners who are looking to move are getting more for their sales. What's more, those sales have been relatively quick so far in 2018. That's according to the Toledo Regional Association of Realtors (TRAR). In statistics just released for the
See Original Article

LENNAR CORPORATION (NYSE:LEN) Files An 8-K Departure of Directors or Certain Officers …

The Lennar Financial Services segment operations include mortgage financing, title insurance and closing services for its homebuyers and others. The Rialto segment operations include commercial real estate, investment management and finance company. The Lennar Multifamily segment develops a
See Original Article

President Trump May Want the US to Rejoin the TPP. But It Won't Be So Simple

President Trump may, or may not, be having a change of heart about re-entering the Trans-Pacific Partnership. But regardless of his decision, such a move would be hard to navigate. The remaining 11 countries have already reached their own deal. In order for the U.S. to re-enter, the countries may
See Original Article

mREIT Top Buy: 11.56% Yield, 20% Upside, Safe Haven, Strong Insider Buying, Solid Cash Flow

These mortgages are guaranteed by Freddie Mac, Fannie Mae, and Ginnie Mae. The vast majority of Annaly's mortgage investments are guaranteed by government sponsored or government owned agencies. The Annaly Residential Credit Group invests primarily in non-agency residential mortgage
See Original Article

Canada's average home price drops over 10% year-over-year in March

“Recent changes to mortgage regulations are fueling demand for lower-priced homes while shrinking the pool of qualified buyers for higher-priced homes,” said Gregory Klump, CREA's chief economist. “As a result, 'affordably priced' homes are becoming less affordable while mortgage financing for
See Original Article

Regions enters agreement with digital lending platform provider

Regions Bank is partnering with a digital lending technology platform provider to streamline its interactive technology. Described as a working relationship and an equity investment in the company, Regions is working with Lender Price to provide additional technology and resources in digital lending.
See Original Article

Caliber Home Loans Appoints Chad Smith as Executive Vice President, Head of Recapture and …

The company is an approved Seller/Servicer for both Fannie Mae and Freddie Mac, an approved issuer for Ginnie Mae and is an approved originator and servicer for FHA, VA and the USDA. The company carries multiple servicer ratings from Standard & Poor's, Moody's, Fitch and DBRS. To learn more
See Original Article

Zillow Is Expanding From House-Listing to House-Flipping

Zillow has long been known for its online real estate listings, but now the company plans to expand into the house-flipping business. Zillow will first start buying and selling houses in Phoenix and Las Vegas and will use local real estate agents to represent the company both when purchasing and selling
See Original Article

Meet the secretive Kazakh company backing the Upper West Side's latest skyscraper

According to an analysis of property records by The Real Deal, Meridian has invested more than $200 million into Extell's latest New York real estate projects. The relationship appears to have started in 2011. That year, Barnett acquired a site at 16-18 West 57th Street, and a Meridian-linked entity called
See Original Article

10 best candidates to win the Greatest Royal Rumble

On the show, every title will be defended, John Cena will face Triple H, The Undertaker will wrestle Chris Jericho, and a 50 man Royal Rumble match will take place, featuring major stars from the current rosters and several legends of the business. While the company has not yet announced a prize for
See Original Article

Tesla Stock Spikes After Elon Musk Predicts 2018 Profits in Snarky Tweet at 'The Economist'

Evidently, Tesla CEO Elon Musk doesn't think very much of The Economist. Tesla stock spiked 2% after Musk blasted out a snarky tweet at the business publication early Friday morning, predicting a profitable, cash flow positive Tesla in the second half of 2018. The mini-spat was set off by a story The
See Original Article

Tech Products, eNote News; MB Financial Bails and Sails

Tech Products, eNote News; MB Financial Bails and Sails

$20 billion MB Financial in Chicago is shutting down its national mortgage business, cease accepting locked loans, and stop taking loan applications from its national business this quarter. The company will stop operating the business as a defined segment during the fourth quarter. This news came
See Original Article

'Wheel of Fortune' makes amends for an earlier White Sox snub

In February, the game show aired a Chicago-themed episode as part of its “Great American Cities” week and gave contestants a crossword-style puzzle that contained four of the five major professional sports teams. The contestant solved it: “Blackhawks,” “Bulls” and “Bears,” with “Cubs” intersecting all
See Original Article

Lockport couple sues real estate agent, home seller over lead poisoning

A lawsuit filed by a Lockport couple, whose 2-year-old son was diagnosed with lead poisoning after the family moved into a century-old house, names a real estate agent and the seller for allegedly not disclosing an inspection report revealing lead paint in the house. Realtor Maureen S. Walck pleaded
See Original Article

Hamilton Bank Welcomes Matthew Morgan, VP, Commercial Loan Officer

TOWSON, Md. (April 13, 2018)—Hamilton Bank is pleased to welcome Matthew Morgan as Commercial Loan Officer effective March 29, 2018. In this position, Morgan will develop and manage business lending and deposit relationships. With more than 12 years of commercial banking experience and a
See Original Article

Form DEF 14A INVESTORS TITLE CO For: May 16

The Annual Meeting of Shareholders of Investors Title Company will be held at The Siena Hotel, 1505 East Franklin Street, Chapel Hill, North Carolina, on Wednesday, May 16, 2018 at 11:00 a.m. EDT, for the following purposes:
See Original Article

Which Market Offer More Value? – xG Technology, Inc. (XGTI), Pennsylvania Real Estate …

The shares of xG Technology, Inc. have decreased by more than -46.91% this year alone. The shares recently went down by -3.38% or -$0.03 and now trades at $0.86. The shares of Pennsylvania Real Estate Investment Trust (NYSE:PEI), has slumped by -18.67% year to date as of 04/12/2018.
See Original Article

Average price of Canadian home fell by 10% in past year

The average price of a Canadian home sold last month was just over $491,000, a 10 per cent drop in the past year. … As a result, 'affordably priced' homes are becoming less affordable while mortgage financing for higher priced homes remains out of reach of many aspiring move-up homebuyers.”.
See Original Article

Hamilton House Prices Post Sizeable Gains in the First Quarter of 2018

Region sees multiple offers as GTA homebuyers continue to seek high-quality affordable homes. HAMILTON, ON, April 13, 2018 /CNW/ – The aggregate price of a home in Hamilton saw notable growth in the first quarter of 2018, increasing by 11.8 per cent year-over-year to $527,001, according to the
See Original Article

Term Sheet — Friday April 13

Happy Friday, Term Sheet readers. Lucinda again filling in for Polina. Feel free to ping me Lucinda.shen@fortune.com. Now onto the news. Zuora popped 43% to $20 in its first day of trading Thursday, giving the company, which helps subscription-based firms manage billing and pricing, a valuation
See Original Article

Wells Fargo could face $1 billion penalty for auto and mortgage abuses

Wells Fargo may pay a $1 billion penalty for forcing customers into car insurance and charging mortgage borrowers unfair fees. The beleaguered bank warned on Friday that it may revise its first quarter earnings results because of the fine. The bank says that the Consumer Financial Protection Bureau
See Original Article

Wells Fargo faces another huge fine for auto, mortgage issues

The announcement of fresh action from regulators comes after Wells Fargo last year disclosed problematic practices involving auto insurance and mortgage products. Those included improperly charging customers to lock in mortgage interest rates, and charging customers premiums for auto insurance
See Original Article

Top of the List: Largest commercial lending banks in KC

This week, the Kansas City Business Journal ranks the area's largest commercial lending banks, two ways: by local commercial loan volume and loan-to-deposit ratio. The accompanying gallery shows the top five on The List for loan volume. For the full List, subscribers can take a look at the weekly print
See Original Article

JPMorgan Chase, Citigroup Earnings Top; Wells Fargo Beats

Investment banking was down 7%, below some estimates. Credit card sales volumes grew 12% and merchant processing volume up 15%. JPMorgan Chase CEO Jamie Dimon said: “2018 is off to a good start with our businesses performing well across the board, driving strong top-line growth and
See Original Article

JPMorgan profit just below forecast on weak investment banking

Higher interest rates lifted lending revenue more than the bank's cost of money and its equity markets business had a strong quarter, which it attributed to derivatives trading and prime services. Investment banking, however, was a dark spot, with revenue falling 7 percent on lower debt and equity
See Original Article

Evareium, a digital real estate investments asset, has launched its ICO sale

Dubai, April 13, 2018: Evareium, a digitized investment ecosystem, will disrupt the trillion-dollar realty asset class. Backed by several private founder investors during the initial fundraising rounds, Evareium has reached baseline critical mass on their ICO of a global real estate token model with excepted
See Original Article

Housing OK but RBA warns on China, assets

The risks of a damaging housing crunch had eased, with clear signs of a cooling property market following a crackdown on loose mortgage lending, the … But in its latest report card on the stability of the financial system, the RBA warned that the accumulated risks to financial stability in the nation's
See Original Article

Climate Change Is Messing With Your Dinner

As cold regions become warmer, and warm places hotter still, farming and fishing are shifting. An evolving climate means big changes for people who grow, catch and rear for a living, and everyone else who buys and eats what they produce. There are winners and losers. There are rich-world problems
See Original Article

Goldman Sachs Says You Must Own Commodities in These Tense Times

That dynamic, and a collapse in Rusal's share value, will “incentivize a restructuring of Rusal's assets and redirect global aluminum flows to establish a new equilibrium,” the Goldman Sachs analysts said. “There is significant upside risk and potential volatility as markets find the new equilibrium.”.
See Original Article

Russia Takes Aim at Rockets, Workers, Drugs in Counter-Sanctions

U.S. sanctions targeting Russian businessmen, companies and officials imposed a week ago sent Russian markets into a tailspin and brought about promises of retaliation from the Kremlin. Given that Russia has little economic leverage over the U.S., officials said it could use an asymmetrical response
See Original Article

Black real estate brokers promote home ownership

“Homeownership rates and mortgage loans for black Americans in Memphis continue to slip downward,” association president Jeffrey Hicks said in a prepared statement. “Right now, black people account for 63 percent of the (Memphis) population, but only account for 26.5 percent of the new mortgage
See Original Article

Moscow Court Blocks Telegram Chat App After $1.7 Billion ICO

Moscow Court Blocks Telegram Chat App After $1.7 Billion ICO

Photographer: Chris Ratcliffe/Bloomberg. Telegram will be using built-in methods to bypass the block, Durov told Russian users on his page on the VK.com social network after the ruling. The company is insulated from the power that local governments typically have over IT companies because it has the
See Original Article

Orban's Economic Model Is Trump's Dream

Orban allies view EU funds as compensation for opening Hungary's market to Western European firms that easily outcompeted local ones in the 1990s and 2000s. But that doesn't mean Hungary is automatically entitled to keep receiving it as it seeks to erase the competitive advantages of multinationals
See Original Article

China Sees Surprise Trade Deficit in March

Max Lin, vice president and emerging markets Asia strategist at NatWest Markets, discusses China's march trade data and what it means for the economy. He speaks on “Bloomberg Markets: Asia.” (Source: Bloomberg). Terms of Service Trademarks Privacy Policy ©2018 Bloomberg L.P. All Rights
See Original Article

SpaceX's valuation approaches $25 billion, growing Elon Musk's fortune to $21.3 billion

Bloomberg used this data to calculate that the new funding round would increase Musk's personal fortune by around $1.4 billion, bringing it to a whopping $21.3 billion. Musk, of course, is involved in several high-profile ventures, including Tesla, the electric-car maker that is fighting off predictions of
See Original Article

Citigroup Profits From Stock-Market Turmoil

Wild stock markets through the end of March — spurred by Trump's tweets on global trade — helped the firm's equities business generate the most revenue since 2010, handily surpassing a $1 billion mark the bank said just weeks ago might be within reach. That made up for a surprise drop in fees from
See Original Article

Ghana $600 Million Cocoa Plan Prioritizes Processing, Trees

Ghana's cocoa regulator wants to use the bulk of $600 million in finance that it's planning to raise for the sector on projects to increase local processing and to replant diseased trees, according to a document seen by Bloomberg. The world's second-biggest cocoa producer also wants to spend funds on
See Original Article

Rolls-Royce's 787 Headache Worsens With Extra Engine Checks

Rolls-Royce shares fell as much as 2.5 percent and were trading 1.8 percent lower at 865.20 pence as of 10:24 a.m. in London. The company's 750 million euros ($925 million) of bonds maturing in 2021 fell to around 106 euro cents, the lowest since March 2016, data compiled by Bloomberg show.
See Original Article

Wells Fargo faces $1 billion fine to settle loan abuses

Reuters reported on Monday that the Consumer Financial Protection Bureau and Office of the Comptroller of the Currency were preparing a fine of up to $1 billion for Wells Fargo's auto insurance and mortgage lending abuses. The bank said it may have to revise its quarterly results to reflect the final
See Original Article

Brandon Girtz eyes title shot with win over Michael Chandler at Bellator 197

His place in the company once again secure, Girtz was actually in camp preparing for a different opponent when Bellator officials called asking him to replace Primus. The 33-year-old's coaches cautioned against taking on a world-class opponent like Chandler with less than a month to prepare, but
See Original Article

Ship Finance International (SFL) Holdings Cut by Wells Fargo & Company MN

Other hedge funds and other institutional investors have also made changes to their positions in the company. Engineers Gate Manager LP purchased a new stake in Ship Finance International during the 4th quarter worth about $365,000. Parametrica Management Ltd lifted its holdings in Ship Finance
See Original Article

Freddie Mac: Mortgage Rates Held Steady for Third Straight Week

Mortgage rates held more or less flat during the week ended April 12, with the average rate for a 30-year fixed-rate mortgage (FRM) at 4.42%, up slightly from 4.40% the previous week, according to Freddie Mac's Primary Mortgage Market Survey. A year ago at this time, the 30-year FRM averaged 4.08%
See Original Article

Aramco in Five Numbers: Highlights From Saudi Giant's Accounts

For four decades the financial performance of Saudi Aramco has been one of the biggest secrets in global business. Now, with the company's initial public offering looming, investors can get their first detailed insight into this cornerstone of the global economy. Asked to comment on the figures, the
See Original Article

Approaching the limits to lending growth?

Net lending has in fact been remarkably subdued since the global financial crisis a decade ago, with overall growth in mortgage debt stagnating or declining relative to nominal earnings for much of the time. Against the backdrop of regulatory concern about a sharp pick-up in unsecured credit, it is easy
See Original Article

View: ICICI Bank's love for its CEO is testing the limits

While the work wasn't commissioned by the bank, the fact that government investigators stopped Rajiv Kochhar from leaving India and have questioned him multiple times doesn't inspire confidence in the board. (The bank has argued that Kochhar had no obligation to disclose her brother-in-law's
See Original Article

Tax Reform Is a Windfall for REIT Investors

Investors should also be aware of how changes in the market might affect some real estate sectors more than others. “Our current bull market has been going strong for quite some time, despite some recent slips,” Morris says. Still, investors should consider how well a REIT's underlying properties could
See Original Article

Kabbage Set to Acquire Lending Data Startup Orchard Platform Markets

Small business banking company Kabbage is set to acquire startup Orchard Platform Markets, a provider of lending data and services, it was reported yesterday. The transaction, as yet unconfirmed by Kabbage and Orchard, would integrate Orchard's technology into Kabbage's platform, with some
See Original Article

Subprime mortgages are making a comeback — with a new name and soaring demand

They were blamed for the biggest financial disaster in a century. Subprime mortgages – home loans to borrowers with sketchy credit who put little to no skin in the game. Following the epic housing crash, they disappeared, due to strong, new regulation, and zero demand from investors who were badly
See Original Article

Wells Fargo faces $1 billion US penalty for mortgage, auto abuses

Regulators have offered Wells Fargo & Co (WFC.N) a penalty of $1 billion to resolve outstanding investigations related to auto insurance and mortgage lending abuses, the third-largest US bank by assets said in its first quarter results on Friday. Reuters reported on Monday that the Consumer Financial
See Original Article

Bank of America Unveils Digital Mortgage Platform

Bank of America is launching a digital mortgage platform, HousingWire staffer Ben Lane reports. Customers will be able to complete the mortgage application process either via their mobile device or on Bank of America's website. Since Quicken Loans unveiled its “Rocket Mortgage” in November 2015,
See Original Article

The critical role played by the fifth 'P' in Retail Banking

The successful outcome of retail banking operations are based on several crucial factors. Experts are of the opinion that realising the efficacies of retail banking involves a complex interplay of critical elements comprising of products, pricing, process, publicity and people. Conventionally, the focus has
See Original Article

Median Canadian Home Price Posts 6.2% Year-Over-Year Gain Despite Corrections in GTA and …

Median Canadian Home Price Posts 6.2% Year-Over-Year Gain Despite Corrections in GTA and …

These declines were most prevalent in the Greater Toronto Area (GTA), and to a lesser degree in the Greater Vancouver detached home segment. Eroding housing affordability and the impact of government measures restricting access to mortgage financing have led to dips in demand and softening of
See Original Article

New Niche Found at Aquaculture Taiwan Expo & Forum. UBM Taiwan: Revenues to Grow 60%

Out of these, the aquatic animal drug market has the most aggressive buying potentials, up to USD 7,000,000. In addition, the Asia-Pacific region is the hub of the global aquaculture industry. The onsite match-making revenues are expected to grow 60% compared to 2017's debut.” Aquaculture Taiwan
See Original Article

ANZ demands strict new rules for mortgage broker loans

ANZ is asking mortgage brokers, who account for more than half of its property lending, to “continue earning its trust” following bruising revelations about lax lending standards at the financial services royal commission. The nation's third-largest residential property lender is warning brokers that their
See Original Article

Obama's first FCC chief thinks telecoms firms are to blame for the net neutrality issue

The specific powers that the FCC has depends on which section of the Act a company falls under. Title I authority allows for limited regulation, while services under Title II are classed as “common carriers,” the same as landline phone providers and electricity companies. This arcane piece of legalese is
See Original Article

She has her eye on 2020 and Trump. But first this California senator is lending a hand in 2018.

According to her staff, Harris' efforts – via her political action committee, her email list and by lending her voice to other Democratic party committees and groups – have brought in more than $3 million for her colleagues up for election this fall. They've also taken her to parts of the country that will be
See Original Article

'Wheel of Fortune' makes up for previous White Sox snub

“Wheel of Fortune” finally made things right with the Chicago White Sox and their fans after their snub against the team earlier this year. Back in February, the game show featured a puzzle of professional Chicago sports teams, but did NOT include the White Sox. WATCH: Wheel Of Fortune: The Chicago
See Original Article

Canadian Real Estate Investment Trust Announces April 2018 Distribution

TORONTO, April 13, 2018 (GLOBE NEWSWIRE) — (TSX:REF.UN) – Canadian Real Estate Investment Trust (“CREIT”) today announced its April 2018 monthly distribution in the amount of 15.58 cents per unit (C$1.87 annualized). The April distribution will be payable on May 14, 2018 to Unitholders of
See Original Article

UK housing hit by weak demand with no pickup in sight

THE UK property market is wilting from lack of demand, leaving home prices unchanged for a second month in March. The Royal Institution of Chartered Surveyors (RICS) said its gauge of prices remained at zero, with declines in London and the south-east being offset by gains in the East Midlands,
See Original Article

Real estate sign's contradictory wording

Tom Elliott has received a photo of a sign advertising a property in Melbourne's leafy eastern suburbs, that contains some confusing contradictory language. Listener Ngaire told Tom an 80-year-old oak tree had been cut down by the owners of the property, and now the sign advertising the house says it
See Original Article

Real Estate Software Market Study Exploring Expert's Review, Competition Status, Development …

The Global Real Estate Software Market Research Report is an in-depth study and professional analysis on the current state of the Real Estate Software market. Company Profile, Capacity, Production, Price, Cost, Revenue, Supply, Import, Export and Consumption covered in Real Estate Software
See Original Article

Addressing consumer concerns will drive success for open banking

In an Ipsos Mori survey of more than 1,000 UK consumers, 66% admitted to concerns about how their data will be used, but experts say this will change when credible use cases for open banking emerge. Gabriel Schild, executive director for business transformation at Verizon, said banks need to
See Original Article

John Boehner Reveals Why He Changed His Stance on Marijuana

Former Speaker of the House John Boehner appeared on the Today show to discuss his recently changed stance on marijuana. “I found myself like a lot of Americans over the last 10 years or so beginning to look at this issue a little differently,” Boehner said in an interview with Savannah Guthrie Friday
See Original Article

ANZ Bank predicts first look at open banking laws around June

ANZ Bank is expecting to see open banking legislation introduced to parliament around June of this year. Chief data officer Emma Gray told the bank's own podcast that ANZ was already preparing for the arrival of the laws, though exact details of what they would contain is still the subject of discussions
See Original Article

$3 Million Bitcoin Heist Reported by India's Coinsecure

One of India's biggest cryptocurrency trading platforms has lost about 438 Bitcoins worth some 190 million rupees ($3 million), allegedly due to a rogue employee. An official at Delhi-based Coinsecure was extracting Bitcoin to distribute to customers and he claims the funds were lost in the process,
See Original Article

N.Va. real-estate market flat as caution creeps in among some buyers

Despite relatively flat year-over-year sales and prices, the Northern Virginia Association of Realtors said March produced a good jump-start to the busy spring-summer sales season. March was “an exceptionally brisk market, as prepared buyers are rushing to take advantage of current interest rates,”
See Original Article

China Pressure, TPP Revival, Postal Service Review: CEO Daily for April 13, 2018

It's because of these kinds of changes that Fortune has teamed up with McKinsey & Co. to launch Brainstorm Reinvent, a two-day conference to help non-tech business leaders understand the rapid tech changes coming their way. We'll be holding our first meeting in Chicago on September 24-25.
See Original Article

Consumer loans exceed mortgage loans in 2017

The value of consumer loans granted by banks and bank-like entities (SKOK) stood at PLN 66.1 billion and significantly exceeded the value of mortgage loans, which came in at PLN 46.5 billion, according to Credit Information Bureau (BIK). “25 percent of consumer loans were granted for a period
See Original Article

Bank of England: Secured lending stable in Q1

The availability of secured lending to households remained stable in the first quarter of 2018, the Bank of England (BoE)'s quarterly credit conditions survey has shown. Lenders surveyed reported unchanged secured credit availability from the previous three months, and expected it to remain stable over
See Original Article

Can you barge your way on to the housing ladder?

Ratty could have been thinking of the London housing crisis when he said to Mole in The Wind in the Willows: “There is nothing — absolutely nothing — half so much worth doing as simply messing about in boats.” For those locked out of the UK housing market, the answer might just lie on a narrow boat.
See Original Article

Spring Ahead: New condos look to warm up lackluster market

“In Q1, we saw inventory dip in Manhattan and rise in Brooklyn while absorption slowed year-over-year as buyers hit pause to educate themselves on the impact of the tax code changes on their real estate decisions,” said Stephen Kliegerman, president of Halstead Property Development Marketing.
See Original Article

PNC profit fueled by commercial lending

PNC profit fueled by commercial lending

PNC Financial Services Group Inc. said Friday that fourth-quarter earnings rose 16%, fueled by higher interest rates and commercial lending. Profit at the Pittsburgh-based bank rose to $1.23 billion, from $1.06 billion a year ago. Per-share earnings were $2.43. That was in line with expectations of
See Original Article

Struggling to save a deposit? Post Office launches a mortgage allowing you to buy your first home …

The Post Office has launched a mortgage designed to help first-time buyers get onto the property ladder without the need for a deposit. The deal – known as the family link mortgage – works by giving the first-time buyer a 90 per cent loan-to-value mortgage secured against the property they're buying plus
See Original Article

Mortgage standards panic seeps into MSM

Tom Crowley, National Australia Bank's acting general manager of home lending, said the bank was collecting “granular” details of a customer's expenses, and it was keen to work with regulators and other lenders to improve their assessments of borrowers' finances. …Managing director of mortgage
See Original Article

The Falling Dollar Means Investors Should Look Abroad — Carefully

“Foreign investments tend to do better when the dollar is weak,” said Jack A. Ablin, chief investment officer for Cresset Wealth Advisors. That's because “when you invest in foreign stocks, you're actually buying two things — the foreign equities, but also the foreign currencies needed to buy them,” he said.
See Original Article

Rise of 'Gray' Divorce Forces Financial Reckoning After 50

Too many women let husbands make the long-term financial decisions, leaving them vulnerable when separation or death strikes. By. Suzanne Woolley. @WealthWatch More stories by Suzanne Woolley. April 13, 2018, 2:00 AM PDT. For some, it means liberation. For others, loss. For women in
See Original Article

Using IRA assets to purchase real estate might not be worth it

Dear Benny: We are interested in buying investment property. Currently, our IRA is not producing the income we would like. Can we use some of our IRA assets to purchase real estate? Anna. Anna: The simple answer is yes, but it's complicated and full of risks. This column can touch only on the surface;
See Original Article

The Aramco Accounts: Inside the World's Most Profitable Company

The numbers seen by Bloomberg News give investors the most extensive set of data yet to assess the possible value of a once-in-a-generation deal for financial markets: Aramco's proposed initial public offering. And with Aramco generating the bulk of Saudi Arabia's revenue, the accounts also provide
See Original Article

Beach Investment Management Raised Royal Caribbean Cruise LTD (RCL) Holding; Biglari …

Biglari Capital Corp decreased Investors Title Co (ITIC) stake by 24.05% reported in 2017Q4 SEC filing. Biglari Capital Corp sold 9,500 shares as Investors Title Co (ITIC)'s stock rose 0.07%. The Biglari Capital Corp holds 30,000 shares with $5.95M value, down from 39,500 last quarter. Investors Title
See Original Article

Opening for Online Alternative as Bank Deposit Rates Stay Near Zero

Banks are almost always slow to lift deposit rates when interest rates start to rise. They make a lot of their money on the spread between the interest they pay to borrow — for banks, deposits are a form of borrowing — and the interest they charge to lend. So keeping those rates as far apart as possible, for
See Original Article

Washington state rent prices continue to rise, making housing even less affordable

As rent prices continue to rise throughout the country, many people are finding it hard to afford even a 1 bedroom apartment or rental house. A new study done by the National Low Income Housing Coalition* found some fairly shocking metrics in each of the 50 states. If you live in Washington state, you
See Original Article

Manitowoc County real estate transfers and homes sold: April 15, 2018

Brian A. and Doris M. Johnson to Leadership Real Estate Group LLC, $19.20. Donald Lee Charnon Sr. and Sandra Lee Charnon to Wendy A. Charnon, NA. Joseph E. and Kathleen Neumeyer to David J. Papez, NA. Peggy L. Mueller, Lori A. Brandt and Norma L. Schoss by POA to Jeffrey and Lynda
See Original Article

Tax planning for real estate investors and developers in 2018 and beyond

“Am I better off under the new law?” My clients' favorite question this year does not have an easy answer. Indeed, I do not really have a great way to answer that question without making my client's head spin. So, here I will do my best to spin away. At a high level, there were a few main changes under the
See Original Article

Everywhere A to Z: Making Banking Personal in Mesa with UNIFY

Everywhere A to Z: Making Banking Personal in Mesa with UNIFY. Unable to load video. Courtney Jackson and Jennifer Sergeant from UNIFY Financial Credit Union tell us about how this business can help you get on top of all your banking.
See Original Article

Business briefs for April 13

2 stores open at SouthPark. CHARLOTTE – Palmetto Moon and American Eagle have opened at SouthPark mall. Palmetto Moon carries a variety of clothing, home goods, collegiate gear and accessories. Simply Southern, YETI and True Grit are some of the brands inside. The 4,761 square-foot store is
See Original Article

DCHFA Finances a Fifth Project at The Yards

Washington, DC, April 13, 2018 (GLOBE NEWSWIRE) — On April 7 the District of Columbia Housing Finance Agency (DCHFA) issued $55 million (long term tax exempt bonds) in acquisition and new construction financing for Estate (227 Tingey Street, Southeast) a new mixed-income, mixed-use,
See Original Article

Hong Kong and Singapore step into currency markets

Hong Kong has begun buying its currency in a rare move that will increase interest rates and add to pressure on its property market, while Singapore has also tightened its monetary policy for the first time in six years. The Hong Kong Monetary Authority intervened on Thursday and Friday to prop up the
See Original Article

Millennials rely more on real estate agents when home buying; Gen Xers more independent

“Gen X considers themselves more hands-on in the real estate process,” Owners.com found. “They were the most likely to do their own research online to make decisions before initiating the next step with their agent. Furthermore, only 29 percent of Gen Xers stated they trust their agent to do most of the
See Original Article

Hilton Capital Management LLC Buys Shares of 45455 MGM Resorts International (MGM)

A number of other large investors have also made changes to their positions in the stock. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its position in MGM Resorts International by 18.8% during the 4th quarter. Her Majesty
See Original Article

Commercial Lending Fuels PNC Profits

Across the industry, commercial-lending growth remains below what some analysts and investors had hoped for under the Trump administration. PNC, however, has long focused on commercial loans and has been expanding the business. PNC also benefited from higher interest rates, which allow it to
See Original Article

Edinburgh housing market bucks UK property market trend

The Royal Institute of Chartered Surveyors(RICS) has released its March 2018 UK Residential Market Survey, revealing that there is a drop in new buyer enquiries and that average selling prices have remained flat. However, ESPC, property experts in east central Scotland, believe that the RICS survey
See Original Article

Tight supply pushes up Grey-Bruce home prices

Tight supply pushes up Grey-Bruce home prices

Tight supply in the Grey-Bruce housing market is leading to lower sales numbers, while pushing up prices. Residential sales activity in March totalled 206 units, which was down 32.2 per cent compared to the record-setting month of March 2017, while the average price of the homes sold last month was
See Original Article

Premiership Rugby and Gallagher Announce Multi-Year Title Sponsor Partnership

TWICKENHAM, United Kingdom and ROLLING MEADOWS, Illinois, April 12, 2018 /PRNewswire/ — Premiership Rugby and Gallagher (NYSE: AJG), one of the world's largest insurance brokerage, risk management and consulting services companies, have agreed to a multi-year strategic business and
See Original Article

China Is Nationalizing Its Tech Sector

As Bloomberg News reported this week, a key stumbling block in trade negotiations between China and the U.S. has been Beijing's extensive support for its technology firms. But if President Donald Trump's administration thinks that will change any time soon, it hasn't been paying attention: Far from
See Original Article

House prices to recover everywhere except London

Scotland, Wales and the north west of England are set to lead the UK's housing market in the coming year, with London the only area that will fail to join in any resurgence in house prices, surveyors believe. Demand for properties has fallen steadily over the past year, with the supply of new homes to the
See Original Article

What It Was Like to Get Caught in Toronto's Record Housing Slump

Toronto's housing market has seen a stunning slowdown in the past year. … The story goes like this: The median house price surged 30 percent from January to peak at C$765,000 in March, largely driven by investors who were pouring money into the market for quick returns, Realosophy said in a report
See Original Article

Welsh housing market on the up despite recent dip

The latest RICS (Royal Institution of Chartered Surveyors) Residential Market Survey suggests the unseasonably bad weather affected activity in the Welsh housing market in March. The number of newly agreed sales was lower than in the previous month. But it says the overall trend of the housing
See Original Article

Mortgage delinquencies to rise moderately as house prices fall

Ratings agencies warn mortgage delinquencies will increase moderately in 2018 as house prices soften, especially against low wage growth, and possible interest rate hikes, ratings agencies warn. Moody's Investors Service said in their semi-annual delinquency tracking report on Thursday that softer
See Original Article

Mozambique: Apex bank benchmark lending rate to 18 percent

At a media briefing in Maputo on Wednesday, Zancndamela said that continued low inflation justified the cut in interest rates. According to the official, this meant it was realistic to hope for single digit inflation of below 10 percent for 2018. “The trend to low inflation has allowed the central bank to cut its
See Original Article

Heritage Isle merger demonstrates vanishing of Launceston banking culture

Long before the banking royal commission and Paul Keating's four pillars of banking policy in 1990, Launceston once boasted a palpable sense of financial sovereignty. Skip forward to … Heritage Isle Credit Union's members will vote on an upcoming merger with Sydney-based Police Bank on April 19.
See Original Article

Real estate briefs: Equus Capital inks deals at 5300 Memorial office tower

Kelly Layne of HFF arranged acquisition financing through Freddie Mac. SAI BK Traders Corp. has leased 4,420 square feet at 10643 Haddington Drive. Chris Ochterbeck and Jim Autenreith of Moody Rambin represented the landlord. Klevenberg USA has renewed a 44,800-square-foot industrial lease
See Original Article

Kailua man to appear on Wheel of Fortune

HONOLULU (KHON2) – A Kailua man will be a contestant on Wheel of Fortune on Thursday. CJ Covington, a senior at California Polytechnic State University, was selected after attending a Wheelmobile event in San Luis Obispo. Wheel of Fortune is currently celebrating its 35th anniversary season.
See Original Article

Melbourne suburbs Australia's most in demand

HALF of Australia's top 10 most in demand suburbs are in Melbourne, according to realestate.com.au's new Property Outlook report. See which postcodes are whipping up a clicking frenzy.
See Original Article

Global Housing helping customers realise their property dreams

“It is starting to get a lot better now, but Norway is still a country with some of the highest housing prices in the world,” Malik explained. “For first-time buyers, it is a requirement from the banks in Norway that the buyer has at least 15 percent equity. For second-time buyers, the government has raised the
See Original Article

Commentary: America's Immigration Court System Is in Trouble

Immigration supporters hold up their hands as they come out of the U.S. Supreme Court April 18, 2016 in Washington, DC. Alex Wong—Getty Images. By Jeremy McKinney. April 11, 2018. Since Donald Trump became president in 2016, the Trump Administration has engaged in what seems to be an
See Original Article

What are no deposit mortgages, which lenders offer them and can first time buyers apply?

Can first-time buyers get a mortgage with no deposit? But what if there was a way wannabe buyers could buy their own home without having to scrimp and save for that deposit? A decade ago, borrowers were able to take advantage of lots offers that meant they didn't need to stump up any money before
See Original Article

NASCAR Renews Monster Energy, But Title Sponsor Model Changing

HAPPY PARTNER: Monster VP/Sports Marketing Mitch Covington said the energy drink's title sponsorship extension is proof that the company is finding value in the deal, for which it pays around $20M annually. Whether Monster's assets will be different under the extension next year was unclear, but
See Original Article

West Midlands housing market 'continues to slow'

Momentum in the West Midlands housing market continues to slow as buyer demand falls for the seventh consecutive month, according to the latest research by industry body RICS. Interest from would-be buyers in the West Midlands continued to wane with 34 per cent more respondents to its
See Original Article

UK passive fund investors catch Russian chill

If a big chunk of international investors are not able to trade the stocks in our index then they would not be replicable.” In 2014 FTSE also introduced a series of ex-Russia indices in response to EU and US sanctions on Russia in 2014, to enable investors to eliminate Russia from their portfolios. Investors
See Original Article

New York regulators fine Nationstar $5 milion for banking violations

Regulators in New York have fined Nationstar Mortgage $5 million for violations of the state's banking rules. State Department of Financial Services Superintendent Maria Vullo announced the action Wednesday. In addition to the fine, the Coppell-based mortgage servicing company has agreed to
See Original Article

Asbestos in Talc Products Verdict Means J&J, Imerys Owe Millions

Johnson & Johnson and a talc-mining company were ordered by jurors to pay $80 million in punitive damages for hiding that their products, including J&J's iconic baby powder, had been tainted by asbestos and posed a cancer risk. The New Jersey jury's award brings to a total of $117 million that J&J
See Original Article

Hong Kong Billionaire Stanley Ho to Step Down From Casino Empire, Aged 96

Hong Kong Billionaire Stanley Ho to Step Down From Casino Empire, Aged 96

Stanley Ho became the latest Hong Kong billionaire to step away from the empire he built, passing along the top roles at casino operator SJM Holdings Ltd. to his heirs. Analysts will be watching to see how smooth the transition will be. The 96-year-old Macau casino tycoon will retire as chairman and
See Original Article

BankThink Regulators are fueling another housing boom

Take, for example, the Consumer Financial Protection Bureau's ability-to-repay rule, which emerged in response to the financial crisis. This rule established the “qualified mortgage,” a type of loan created to ensure that potential buyers can afford their mortgage. Even though a QM cannot have risky
See Original Article

Mortgage applications dip as refinance share falls to 10-year low

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less) decreased to 4.66% from 4.69%, with points increasing to 0.46 from 0.43 (including the origination fee) for 80% loan-to-value ratio (LTV) loans. The effective rate decreased from last
See Original Article

On fair lending, Mulvaney's actions at CFPB speak louder than his words

It may not be immediately apparent, but the Acting Director of the Consumer Financial Protection Bureau Mick Mulvaney's decision to re-brand the Office of Fair Lending and Equal Opportunity (OFLEO) will significantly reduce the Bureau's ability to police discriminatory lending. Converting the Office of
See Original Article

Guild Mortgage wins Fannie Mae award

Guild Mortgage, one of the country's largest independent mortgage lenders, has earned a Servicer Total Achievement and Rewards (STAR) Performer recognition from Fannie Mae for 2017. Launched in 2011, the STAR Program highlights Fannie Mae's highest-performing servicers and defines industry
See Original Article

Ex-Googler's E-Commerce Site Valued At About $15 Billion

Huang launched his career in Silicon Valley and then returned home to become a serial entrepreneur. The idea behind PDD is to give people a different experience than at traditional e-commerce sites like Amazon.com or Alibaba, where shoppers tend to plug in a keyword and then pick out an item after
See Original Article

March marks one year and counting of falling demand in UK housing market

The momentum in the UK housing market continues to slow, as buyer demand falls for the twelfth consecutive month, according to the March 2018 RICS UK Residential Market Survey.
See Original Article

New DC-area real estate firm offers a twist to sellers: They'll get a commission rather than pay one.

A new real estate brokerage with plans to disrupt the Washington housing market started out with a big surprise: From now through May 31, sellers who list their house with the brokerage will be paid $1,000 rather than pay a commission to sell their property. After the initial launch, sellers will pay a flat
See Original Article

Liberal lending guidelines may lead to speculative buying

The proposal for a more relaxed lending guidelines with higher allocations for housing loans might not be the solution to alleviate the current housing affordability issues as it would lead to speculative buying and selling. PPC International Sdn Bhd MD Datuk Siders Sittampalam said such a move might
See Original Article

A small-time scam artist gave Trump a mansion for $0. Why?

He said the mistake was made by the real estate companies that processed the transactions and his in-laws had nothing to do with it. “It appears from our records that the error was completely our responsibility,” the title company, First American Title Insurance, said in a statement. The company provided
See Original Article

How Anthony Found Reentry Success

I was going back and forth to jail. And every time, [Fortune staff] would always come and pick me up,” explains Fortune participant Anthony. When he was ready to change, we were there. Now a resident within our Housing Program, he is on a path to reentry success.
See Original Article

Bitcoin Buyers Now Have to Figure Out Their Taxes

Think mining, which many accountants consider taxable as ordinary income and possibly self-employment tax. Or using Bitcoin to buy a sofa on Overstock.com — cue capital-gains taxes. Swapping one digital currency for another seems to be tax-free for this year's return, though that will change next year
See Original Article

The Current State of North West Real Estate

As Londons real estate market is contracting somewhat, there is an equal and opposite gradual compensating expansion of the housing markets in places like Wales, Scotland, Northern Ireland, and the North West. This too applies to foreign markets as well, with more and more people opting to
See Original Article

British Airways Owner IAG Weighs Takeover Bid for Norwegian Air

IAG acquired a 4.61 percent stake in the airline and said it's considering a takeover offer after Bloomberg News first reported that the British company was weighing a bid. Shares of Norwegian Air soared by a record 26 percent on Thursday. A potential acquisition could value the Norwegian company,
See Original Article

IDS Advises US Mortgage Lenders to Address UCD Warnings Prior to June 25 Deadline

SALT LAKE CITY, Utah, Apr 11, 2018 (SEND2PRESS NEWSWIRE) — Mortgage document preparation vendor, International Document Services, Inc. (IDS), has announced it is advising all lenders to begin troubleshooting warnings from Fannie Mae and Freddie Mac's Uniform Closing Dataset (UCD)
See Original Article

UK house prices flat in March: RICS

UK house prices remained unchanged for a second consecutive month in March while buyer demand fell for the twelfth straight month, a closely-watched survey found. House prices were steady at the national level in March as falls in London and the South East offset rising prices in the East Midlands
See Original Article

US firm Quadrant targets €1bn of Irish property lending

“We have pulled back in lending activity in the UK in the office sector until Brexit has become more settled down, but on the other hand, we never expected Brexit to give a big boost to Ireland,” said Mr Wright. “You simply aren't oversupplied with office in Dublin.” Quadrant, backed by Australian pension
See Original Article

Marietta's Bolton Fortune signs with Rogers State

Marietta's Bolton Fortune signs with Rogers State. Posted: Wed 5:40 PM, Apr 11, 2018. Marietta Cross country and track star Bolton Fortune will continue his racing days. He will suit up with the … “I want to compete at nationals, that's my biggest goal by my senior year,” said Fortune. “I want to be an
See Original Article

Steinhoff Raises $313 Million From Sale of Shares in Africa Unit

Steinhoff International Holdings NV raised 3.75 billion rand ($313 million) from the sale of shares in the embattled retailer's African operations to further shore up its balance sheet following an accounting scandal late last year. The move follows similar disposals of stock in South Africa's KAP Industrial
See Original Article

Banking | Investing in Financial Literacy

Many Kentuckians struggle to understand financial matters and make sound decisions with their money. In fact, Kentuckians' financial literacy ranked 48th in 2017 study by WalletHub of financial education programs and consumer habits in all 50 states. Kentucky's General Assembly passed legislation in
See Original Article

Mansion Global Daily: Foreigners Love France, Toronto Rents Soar, and More

Mansion Global Daily: Foreigners Love France, Toronto Rents Soar, and More

Housing prices are increasingly moving in the same direction across global cities, according to a report from the International Monetary Fund's Global Financial Stability Report. The research looked at 44 cities and 40 economies and found that housing markets are increasingly being influenced by shifts
See Original Article

A Russian Court Just Ordered the Immediate Blocking of the Telegram Encrypted Messaging App

Fortune has asked Telegram for comment, but had received none at the time of writing. The case has echoes of WhatsApp's repeated blockage in Brazil, where prosecutors were frustrated by their inability to access the private messages of a suspect in a major drug case. Telegram has also frequently hit
See Original Article

Real Estate Software Market Global Analysis by 2023: Accruent, MRI Software, Yardi Systems and …

Real Estate Software market report passes on a fundamental review of the industry including its definition, applications, and innovation. Also, the industry report researches the global Real Estate Software major market players in detail. Real Estate Software report gives key knowledge of the existing
See Original Article

Backpage.com CEO Pleads Guilty After Sex Site Permanently Shut

The chief executive officer of sex-solicitation website Backpage.com pleaded guilty to money laundering and conspiracy charges in California three days after … The Justice Department said this week it had seized Backpage.com and charged seven individuals in a 93-count federal indictment related to
See Original Article

Potanin opposes 'shootout' for control of Norilsk Nickel

… least $10bn in buying out the other. Mr Potanin spoke to the FT before crippling US sanctions were imposed on Mr Deripaska and his business empire last Friday, sending shares in his companies tumbling and potentially cutting him off from international financing that he may need to buy out his rival.
See Original Article

Hot housing markets suffer corrections . . . always

This can be attributed to a number of factors including low interest rates, increases in employment in the public sector and other areas outside high tech, some increases in salaries and changes in family makeup. Even through the 2008-'10 recessionary period, Ottawa housing prices barely paused for
See Original Article

ALLY FINANCIAL INC. (NYSE:ALLY) Files An 8-K Other Events

Its Mortgage operations segment includes the management of its held-for-investment mortgage loan portfolio and the execution of bulk purchases of jumbo and low-to-moderate income (LMI) mortgage loans originated by third parties. Its main lines of business are Dealer Financial Services, which
See Original Article

In New Book, Comey Blasts Untruthful, 'Ego-driven' Trump

Washington (AP) — Former FBI Director James Comey blasts President Donald Trump as unethical and “untethered to truth” in a sharply critical new book that describes Trump as fixated in the early days of his administration on having the FBI debunk salacious rumors he insisted were untrue but could
See Original Article

FINNIES: The Australian fintech startups disrupting home loans

A new type of fintech company is helping home buyer owners save on their home loans, using technology to drive competition and take business from the big banks. The differences between mortgage deals offered by the big four banks are hard to spot and even harder to work out when looking for a
See Original Article

Beyond Banking: R3 Is Expanding Its Vision for Global Blockchain

R3 may have started as a consortium of banks looking to use blockchain technology, but it's broadening its ambitions. Now a startup whose staff numbers in the hundreds, R3 is proposing its distributed ledger technology platform, known as Corda, be used to link together a wide range of businesses, not
See Original Article

An interview with Eugene White on Bank Regulation

“Eugene White, one of the leading financial historians in the United States, discusses how history can shed light on the current debates about banking regulation. Stressing the difference between 19th and 20th century financial crises, he explains the causes of financial crashes, the legacy of the Glass
See Original Article

Good and bad news for fans with Foxtel buying cricket broadcast rights

ODIs, international T20 matches and 16 Big Bash matches will be behind a paywall. With production costs expected to exceed $200m over six years, the $168m rights fee per year means a $1.2 billion plus investment by Foxtel. Seven, which recently lost its 40-year monopoly of Australia's summer of
See Original Article

Nearly half of Canada's mortgages up for renewal in 2018: CIBC

TORONTO – Nearly half of all existing mortgages in Canada will need to be renewed in this year, substantially more than in prior years, according to a new report, amid rising interest rates and new rules that make it tougher for some borrowers to shop around. A CIBC Capital Markets report says an
See Original Article

How will the stand-off in the UK property market be resolved?

We've talked about the various issues hurting the housing market right now – much higher taxes at the top end, tighter mortgage lending rules, and a general understanding that investing in property might not be a good idea when both left and right wing governments see rental or investment property as
See Original Article

Local Communities Representing Over 750000 Florida Homeowners Adopted HERO in Q1 2018

Safeguards include live, recorded telephone calls (available in Spanish) to confirm financing terms with homeowners, written disclosures modeled on the federal “Know-Before-You-Owe” forms for mortgage lending and a guarantee that contractors do not get paid until homeowners certify that a project is
See Original Article

Housing Finance Bank supports innovation series

KAMPALA, Uganda–To further enhance innovation in the real estate sector, Housing Finance Bank (HFB) the leading mortgage lender in Uganda has partnered with, brainchild Burson- Marsteller to sponsor the second edition of Innovation Series which is slated for April 26th, at the Pearl of Africa Hotel.
See Original Article

Strong Fundamentals Are in Place for Cincinnati's Multifamily Market

Long-term permanent financing is plentiful with Freddie Mac and Fannie Mae getting their share of the originations market. Life insurance companies also favor multifamily as a property type upon which to lend. Loan-to-value (LTV) ratios range between 65 to 80 percent, with lower LTV transactions
See Original Article

Momentum continues to slow in UK housing market, says latest RICS survey

The momentum in the UK housing market continues to slow with the latest residential market survey showing that buyer demand has now fallen for 12 months in a row. Agreed sales and new buyer enquiries are down nationwide and the national price indicator was flat at the lowest reading since
See Original Article

'Banking becomes more cheaper and efficient with Ripple [XRP] technologies' – Says Cory Johnson

Cory Johnson, the Chief Market Strategist of Ripple was interviewed by Adam Johnson at Bullseye podcast. Adam Johnson was an ex Bloomberg anchor who conducted various interviews with CEOs and Nobel laureates. According to Cory, Ripple's new mission is to help large banks around the world
See Original Article

Allegiance Bank Selects Wolters Kluwer's Compliance Solutions

Wolters Kluwer has announced that Allegiance Bank, headquartered in Houston, Texas, has selected the company's CRA Wiz and Fair Lending Wiz solutions to help the bank manage fair lending compliance across its entire organization. Allegiance Bank operates 16 full-service banking locations and
See Original Article

Google Reportedly Drafts 'Ethical Principles' After Employee Fury Over Defense Department Projects

Google Reportedly Drafts 'Ethical Principles' After Employee Fury Over Defense Department Projects

The next generation of Navy combat drones The Navy made a media splash this summer when, alongside private-sector partner Northrop Grumman, it launched and recovered the first autonomous combat jet from the deck of an aircraft carrier. But the X-47B, as the experimental aircraft is known, will
See Original Article

Recent Manhattan Home Sales | Local Real Estate Guide

NEW YORK CITY — Do you want to buy a home in Manhattan, or are you curious about how much homes were recently sold for? Maybe you just like seeing what's on the market. Whatever the reason, you can find something in our Manhattan Real Estate Guide thanks to our partners at realtor.com.
See Original Article

Real Estate Finance Association news and signature event save-the-dates

This is the second year in a row REFA has held this program as a follow-up to the real estate conferences that take place towards the beginning of each year. The program covered general highlights from each conference, as well as what trends the panelists have been seeing from a local and national
See Original Article

What can migration patterns tell us about the housing market?

When measuring the health of a metro's housing market, analysts most often examine home price appreciation, available inventory and days on market. But further insights can be gathered about the future of the nation's largest markets by tracking inbound and outbound migration trends across
See Original Article

One of the youngest real estate partners in the Bay Area takes on historic sites

James Madsen wasted no time in climbing the ranks at Orton Development. Hired right out of college, Madsen's first job as a project manager include doing factory floor manual labor. At age 30, Mandsen is now one of the youngest partners at the San Francisco real estate development firm, where he
See Original Article

Tacoma lays out affordable-housing strategy

The City of Tacoma laid out the Affordable Housing Action Strategy during a city council study session this week. According to the report, 40 percent of households in Tacoma pay more than one-third of their income on housing each month. It's no secret that the Tacoma housing market is becoming less
See Original Article

City of Greenville to explore other banking options following Wells Fargo facility closure

With a unanimous 'yes' vote Thursday night, the Greenville City Council agreed to put out a request for bids from banking institutions to serve the city. Wells Fargo has been providing those services to Greenville since 2011, but the council says this request will now allow them to explore all their options
See Original Article

Nationstar Mortgage fined $5mn over document retention flaws

Nationstar Mortgage has been slapped with a $5 million fine by the New York Department of Financial Services over findings that it violated the state's banking laws related to mortgage origination and servicing. Under a consent order with the department, Nationstar will also donate $5 million in
See Original Article

Online lenders adopt the model they sought to disrupt

SAN FRANCISCO — It wasn't long ago that Silicon Valley was striving to break the banking business into separate pieces, with venture capital flooding startups specializing in niches such as credit card refinancing, student loans and small-business finance. Now the race is on to put banking back
See Original Article

6 Kershan Street Mudgeeraba Qld 4213

Real estate opportunities, such as this one, are quite scarce in Mudgeeraba right now. On offer is this spacious single level 4-bedroom home, fully fenced flat 629m2 block, quiet friendly street conveniently located in the residential hub of Mudgeeraba. Built in 2006, with a practical floor plan offering both
See Original Article

Two Sigma Advisers LP Buys 71938 Shares of CAI International, Inc. (CAI)

Two Sigma Advisers LP raised its holdings in CAI International, Inc. (NYSE:CAI) by 47.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 222,747 shares of the transportation company's stock after
See Original Article

BRIEF-Manulife Us Real Estate Investment Trust To Buy Property For US$387.0 Mln

April 13 (Reuters) – Manulife US Real Estate Investment Trust: * TO BUY PROPERTY IN WASHINGTON, D.C. AND ATLANTA FOR US$387.0 MILLION. * ESTIMATED TOTAL ACQUISITION COST IS ABOUT US$398.9 MLN Source text for Eikon: Further company coverage: Our Standards:The Thomson
See Original Article

Real estate in the world's 2 biggest financial centres is stalling

Big cities on both sides of the Atlantic are witnessing worrying signs in their property markets as prices for both renting and buying fall. In London, the balance of prices is now -47%, meaning that almost half of property surveyors expect a fall in value. While in New York, rents fell their most in almost
See Original Article

Citi Promotes Three Execs in its Mortgage and Retail Bank Businesses

Citigroup Inc. recently announced three key executive appointments to its mortgage and retail bank businesses. David Smith has been appointed chief operating officer of Citi's U.S. retail bank and mortgage operations. Smith was previously CitiMortgage's head of originations operations. Since joining
See Original Article

Is Buying RPM International Inc (NYSE:RPM) For Its Upcoming $0.32 Dividend A Good Choice?

On the 30 April 2018, RPM International Inc (NYSE:RPM) will be paying shareholders an upcoming dividend amount of $0.32 per share. However, investors must have bought the company's stock before 16 April 2018 in order to qualify for the payment. That means you have only 3 days left! Should you
See Original Article

ICICI, Axis troubles highlight governance issues in Indian banks: S&P

The recent governance issues in India's banking sector involving ICICI Bank and Axis Bank reiterate the need to improve risk management and maintain strong governance practices, S&P Global Ratings said today. “As a number of banks in India confront serious governance and risk issues, the 'tone at
See Original Article

Neat Capital launches corporate home loan benefit

Companies are now able to offer their employees a home loan benefit though a new platform launched by Neat Capital. The fintech mortgage lender's home loan benefit platform is designed to deliver financing education, seamless integration with payroll, and customizable benefits for all employees,
See Original Article

Real Estate Software market Potential Growth, Share, Demand and Analysis of Key Players …

Global Real Estate Software Market outlook provides information to the user to analyze the future based demand and predicts the accurate implementations. The Global Real Estate Software Market Report contains data that is collected from various primary and secondary resources. The data collected
See Original Article

Disney Forced Into Takeover Offer for Sky by UK Authority

“It's very good news,” said Crispin Odey, founder of hedge fund manager Odey Asset Management, which owns a 0.8 percent stake in Sky according to data compiled by Bloomberg. “Disney have underpinned the 10.75 bid.” The ruling settles months of speculation regarding whether Disney would have
See Original Article

High potential for sustainable growth on Romanian FM market

According to ROFMA, the FM market potential remains very high with a concentration of business interest in Bucharest, followed by counties such as Cluj … This territorial distribution strongly corresponds to the situation and trends of investment areas in real estate (residential / non-residential) during the
See Original Article