Cities crack down on payday lenders

Cities crack down on payday lenders

Payday lenders offer short-term, high-interest loans that people typically use when other, cheaper sources of credit are unavailable. In theory, borrowers pay back the money with their next paycheque. Failure to pay back the loan within a certain period can lead to more fees and mounting interest
See Original Article

StonehamBank joins SBA lending network

StonehamBank announced that it has become the newest lender of The U.S. Small Business Administration's Massachusetts Network, which allows StonehamBank to provide SBA-guaranteed loans to small businesses that are structured under 7A guidelines. The SBA was created in 1953 to aid,
See Original Article

Banks Get a Break on Accounting Rule

Banking regulators proposed softening the blow of a new accounting rule that will force banks to book losses on soured loans more quickly. Some banks had been concerned the rule could cut into their regulatory capital, since it will require them to book all expected losses from their loans as soon as
See Original Article

Dollar Drops Ahead Of NAHB Housing Market Index

BRUSSELS (Alliance News) – National Association of Home Builders/Wells Fargo's Housing Market Index for April will be published at 10:00 am ET Monday. The consensus of Housing Market Index is 70, unchanged from the prior month. Ahead of the data, the greenback declined against its major
See Original Article

EPA Chief of Staff Approved Raises for Top Aides, Report Finds

Separately, the EPA defended its decision to install a soundproof privacy booth in Pruitt's office at a cost of $43,238, in a letter to the Government Accountability Office obtained by Bloomberg News. The GAO is expected to make public a report on the secure communications booth as soon as Monday.
See Original Article

Stricter standards could lock more buyers out of the housing market

A toughening of Australia's lax lending standards could keep more aspiring homebuyers from entering the housing market, warn numerous analysts. The ongoing Royal Commission into misconduct in the financial industry is likely to lead to greater regulation of the nation's $1.6trn mortgage market.
See Original Article

Bengaluru is highest paying city for talent: Randstad study

BENGALURU: The garden city of Bengaluru, which topped the list of salary trends in 2017, continues to lead the pack as the highest paying city in … The IT sector, offering an average annual CTC of around Rs 9 lakh and infrastructure, real estate & construction at R 9 lakh are fourth and fifth in the list.
See Original Article

Examine your stage of life: buying a condo vs renting

On the other hand, buying is better than renting for many in the right stage of life. “Renters who are pretty certain they'll remain in a local market for at least the next five years should consider owning. Over that time, it's likely your home will gain in value,” says Blomquist. “Plus, your mortgage payments
See Original Article

Volkswagen trucks division open to buying majority of Navistar

VW paid $256 million for its stake in Navistar, bolstering Europe's biggest automaker's access to the lucrative North American truck market. VW's trucks unit had “significant” synergies from joint procurement with Navistar last year, division CEO Andreas Renschler said. Foreign expansion, as well as more
See Original Article

Meredith Corporation And Magenta Launch Fortune Italy

NEW YORK, April 16, 2018 /PRNewswire/ — Meredith Corporation (NYSE:MDP), one of America's leading media and marketing companies, and Magenta, a young and dynamic content factory, launch Fortune Italy [www.fortuneita.com], it was announced today. The magazine will be distributed in Italy,
See Original Article

Greystone Real Estate Advisors Closes $6.3M Sale of Texas Skilled Nursing Facility

NEW YORK, April 16, 2018 (GLOBE NEWSWIRE) — Greystone, a leading commercial real estate lending, investment, and advisory firm, announced its Real Estate Advisors team closed the sale of Nazareth Living Care Center. Chicago-based Mozart Healthcare, LLC purchased the property from
See Original Article

Should You Pay Off Your Mortgage or Invest Your Extra Money?

“For instance, if the reader is deducting the mortgage interest on their taxes, then their effective interest rate is going to be lower than 4.1 percent,” says Parker Trasborg, a Virginia-based Certified Financial Planner. So if you're in the 24 percent tax bracket, for example, than the true cost of the loan is 3.11
See Original Article

Wall Street's $6 Trillion Man Fink Is Finally Worth $1 Billion

Its sheer size and diversity helped protect it amid 2018's choppy markets. Last week's first quarter results beat estimates even as traders devoted less cash to its exchange-traded funds. The firm attracted long-term net inflows of $55 billion and revenue grew 16 percent year-over-year. Fink's personal
See Original Article

BRIEF-Myhome Real Estate Development Prelim 2017 Net Profit Up, To Swing To Net Loss In Q1

April 16 (Reuters) – Myhome Real Estate Development Group Co Ltd: * SAYS PRELIM 2017 NET PROFIT UP 0.3 PERCENT Y/Y AT 670.0 MILLION YUAN ($106.67 million). * SAYS IT EXPECTS TO SWING TO NET LOSS OF ABOUT 140 MILLION YUAN IN Q1 VERSUS PROFIT OF 83.9 MILLION YUAN
See Original Article

BMO Capital Markets' Lyngen Says a Curve Flattening Is the Path of Least Resistance

Ian Lyngen, head of U.S. rates strategy at BMO Capital Markets, Christopher Harvey, head of equity strategy at Wells Fargo, and Bloomberg Intelligence's Gina Martin Adams, discuss bank earnings and outlook for markets overall. They speak with Jonathan Ferro on “Bloomberg Markets: The Open.
See Original Article

Optimism among home builders slides for 4th consecutive month; rising mortgage rates blamed

The average rate on 30-year, fixed-rate mortgages edged up to 4.42%, mortgage buyer Freddie Mac reported Thursday. Rates have ticked steadily higher ahead of the traditional spring home-buying season which is just now beginning to ramp up. While the National Association of Realtors reported a
See Original Article

John Oliver Buys $7000 Jockstrap to Help Last Alaska Blockbuster Video

On the heels of Blockbuster Video shutting down one of its remaining locations in Alaska, HBO's John Oliver has emerged as a hero for movie lovers in The Last Frontier. Oliver's Last Week Tonight has offered several movie props, including the jockstrap Russell Crowe wore in Cinderella Man, which the
See Original Article

Why Does German Intelligence Feel Threatened by Chinese Businesses?

Transnational corporations are buying up assets around the world. Now, after all, price and production chains, supply chains are becoming more global. Therefore, global deployment of production, research and development, sales networks – this is normal practice,” Liu Ying said. He further said that
See Original Article

Form 6-K SASOL LTD For: Apr 16

… Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant, Sasol Limited, has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: 16 April 2018 By: /s/ V D Kahla Name: Vuyo Dominic Kahla Title: Company Secretary
See Original Article

BofA's Once Giant Mortgage Business Is Now Listed Under 'Other Income'

After billions in fines and payouts to regulators and investors in the years after the financial crisis, Bank of America has moved away from securitizing and servicing residential mortgages. The firm originated $9.4 billion of new mortgages in the first quarter; in 2009, it topped $100 billion in one quarter.
See Original Article

Bank of America's Cost-Cutting Drive Pushes Profit to Record

Bank of America's Cost-Cutting Drive Pushes Profit to Record

Bank of America Corp. hit a new milestone in its years-long effort to get costs under control. First-quarter expenses totaled about 60 percent of revenue, the best ratio in more than five years. That helped push profit above analysts' estimates, and corporate tax cuts spurred earnings to a record.
See Original Article

Larry Brainard Says Yuan Has Become a Safe Haven

Larry Brainard, TS Lombard chief emerging markets economist, discusses the relationship between the U.S. and China. He speaks with Bloomberg's Mark Barton and Vonnie Quinn on “Bloomberg Markets.” (Source: Bloomberg). Terms of Service Trademarks Privacy Policy ©2018 Bloomberg L.P. All
See Original Article

Term Sheet — Monday April 16

Good morning, Term Sheet readers. Andrew Nusca and Lucinda Shen filling in for Polina. Why are so many of our great companies, organizations, and institutions failing us? Because they're setting the wrong objectives. Or worse, they're setting none at all. At the TED conference in Vancouver on
See Original Article

Crescent Capital's Mark Attanasio Says 2018 Will Be Good for Credit

Mark Attanasio, managing partner and co-founder at Crescent Capital, discuss the outlook for markets and his thoughts on investing. He speaks with Erik Schatzker on “Bloomberg Markets: European Close.” (Source: Bloomberg). Terms of Service Trademarks Privacy Policy ©2018 Bloomberg L.P. All
See Original Article

Investors are Unsure How to React (Brief Analysis) – Pennsylvania Real Estate Investment Trust …

Pennsylvania Real Estate Investment Trust (NYSE: PEI) stock encountered a rapid change of -0.62% in the last hour of Friday's trading session. … The stock analysts must have an in-depth knowledge about the stock market, sector and trends so that they could make their precise, accurate and concrete
See Original Article

Bouygues Weighs Bid With Co-Investors for Altice Unit

Construction and telecommunications conglomerate Bouygues SA is considering a bid with other investors for Altice NV's struggling French unit to consolidate the telecom market, according to people with knowledge of the matter, Bloomberg News' Ruth David, Dinesh Nair, Geraldine Amiel and Manuel
See Original Article

Carter's: The Pullback Is A Buying Opportunity

Its main competitors include the Children's Place (NASDAQ:PLCE), GAP (NYSE:GPS), Disney (NYSE:DIS) and Old Navy for children's apparel. The company derives about 52% of its revenue from the retail channel, about 35% revenue from the wholesale channel, and the rest from international. Also
See Original Article

Sibusiso Moyo Says Zimbabwe Is Open for Business

Sibusiso Moyo discusses changes in the country post Mugabe leadership. He speaks with Vonnie Quinn and Mark Barton on “Bloomberg Markets.” (Source: Bloomberg). RELATED ARTICLES. Zimbabwe Working on Logistics for Diaspora Vote, Moyo Says · Terms of Service Trademarks Privacy Policy
See Original Article

Commentary: Secretary Zinke's Empty Promise to Fund the National Parks

As the saying goes: If something sounds too good to be true, it probably is. Take Secretary of the Interior Ryan Zinke's proposal to use new revenues from drilling and mining on America's public lands and oceans to fix up bathrooms, roads, and parking lots in the national parks. At first glance, the concept
See Original Article

Fairway Independent Mortgage Corporation Manager Kelly M. Phillips Ranked #2 in Best Lender List

MOUNT PLEASANT, S.C., April 16, 2018 /PRNewswire/ — Kelly M. Phillips has been included in Ask a Lender's 2018 Best Mortgage Lenders list. Kelly ranked as the #2 lender in Mount Pleasant, and #26 in all of South Carolina. Ask a Lender, in collaboration with Scotsman Guide Media, ranked Kelly
See Original Article

Sears seeks to capitalize itself on the value of its real estate

Shrewdness, smarts or desperation — or a mixture of all three sentiments — are at work in the plan by Chicago-based Sears Holding Corp. (NASDAQ: SHLD) to offer at auction 16 Sears locations around the nation, including its North Olmsted and Strongsville stores. Northeast Ohio real estate observers
See Original Article

Deutsche Bank COO's Future Is Now in Doubt

Deutsche Bank AG Chief Operating Officer Kim Hammonds's future at the lender is uncertain, a little over a week after the dismissal of the chief executive, according to people with knowledge of the matter. Concerns about slow progress in upgrading the bank's information technology systems — together
See Original Article

WeWork venture just spent a ton of money on this London office complex

WeWork began negotiating to buy the complex last year and later brought PFA and TH Real Estate on board, Bloomberg reported. It's betting heavily on England's capital city. In January, the Financial Times reported that WeWork was the largest corporate occupier of space in Central London, with 2.6
See Original Article

BlackRock CEO Larry Fink surpasses $1 billion in personal fortune

Larry Fink, the chairman and CEO of investment management company BlackRock, is one of the latest Wall Street investors to surpass $1 billion in personal wealth, according to the Bloomberg Billionaires Index. BlackRock, the world's largest money manager, has $6.3 trillion in assets. It dominates the
See Original Article

Casablanca Stock Market Reorganizes Real Estate Sector

Rabat- Morocco's Stock Exchange in Casablanca recently announced that it will conduct a sectoral reorganization of listed real estate companies, Moroccan media outlets reported. Starting Friday, April 20, the sector known as “Real Estate” will be henceforth be referred to as “Participation and Real
See Original Article

Zeller Realty JV lands $89M refi on suburban office complex

PGIM Real Estate Finance provided the loan on Commerce Plaza, a 546,000-square-foot office complex on Spring Road, according to RE Journals. PGIM, the commercial mortgage finance business, is an am of Prudential. JLL brokered the financing deal. Commerce Plaza consists of three seven-story
See Original Article

Riocan Real Estate Investment Trust (REI-UN.TO) Shares Dip -0.94% Lower For The Week

We can also take a look at the Average Directional Index or ADX of Riocan Real Estate Investment Trust (REI-UN.TO). The ADX is used to measure trend strength. ADX calculations are made based on the moving average price range expansion over a specified amount of time. ADX is charted as a line
See Original Article

Bank of America's once-giant mortgage business is now 'other'

One measure of how much things have changed in the last decade at Bank of America Corp.: The firm has stopped reporting fees from its mortgage business. The revenue line that once regularly topped $1 billion a quarter is now so small that the company on Monday lumped it into “all other income”
See Original Article

Sterling Real Estate Snaps Up Austin Asset

Sterling Real Estate Partners, a joint venture between Barker Pacific Group (BPG) and Pacific Real Estate Partners, has acquired Spring Valley Apartments in Austin. The property, an 11-building, 230-unit apartment community, is the largest asset yet acquired by the partnership. Built in 2001, the
See Original Article

Veros and IDS Partner on Integrated Solution for Fannie Mae and Freddie Mac UCD Data …

According to a January 30, 2018 joint announcement made by Fannie Mae and Freddie Mac, warning UCD edits in the GSEs' respective delivery systems related to non-submission or unsuccessful UCD submission will become critical or fatal effective June 25, 2018. In addition to the edits that will turn
See Original Article

When You Will Get Your 2018 Tax Refund

When You Will Get Your 2018 Tax Refund

So you're one of the lucky ones this year. The government owes you money instead of the other way around. Congratulations. The average refund so far this year, according to the IRS, is $2,864. And odds are you're eager to see that appear in your bank account. The good news is it might not take as
See Original Article

Home builder confidence slides for fourth straight month

Tariffs imposed on Canadian lumber and other raw materials by the Trump administration “are pushing up prices and hurting housing affordability,” the group said. Market reaction: Most large publicly-traded builders have had a tough 2018. Shares of D.R. Horton Inc., DHI, +1.12% the largest U.S. builder
See Original Article

Bank of America hauls in biggest profit ever

The healthy economy, both at home and abroad, also padded Bank of America's bottom line. Consumer banking revenue jumped 9% to $9 billion. Loans climbed 8%, and deposits ticked higher. Bank of America disappointed some analysts because it beat estimates by cutting expenses, not because of
See Original Article

Boston single-family homes for rent jumped in past 10 years: Report

The Boston region might've seen an even steeper increase in the number of single-families for rent had its housing market been more volatile from 2007 to 2016, according to RentCafe. That's what spurred Phoenix's 77 percent bounce—“some of the largest numbers of foreclosures and sharpest drops
See Original Article

Here's All the Free Stuff You Can Get on Tax Day 2018

It's Tax Day—and if you're just getting around to filing today, odds are you're not expecting a refund. Whether the check you wrote was just a light sting, or created a scary hole in your savings account, there is some reason to look forward to the day. Several restaurants and businesses stand ready to
See Original Article

Builder Confidence Dips Slightly, Still Near All-Time Highs

Builder confidence in the market for newly built single-family homes slipped again in April, edging down 1 point to 69. The National Association of Home Builders (NAHB) said its NAHB/Wells Fargo Housing Market Index (HMI) edged down one point to 69. The HMI has slipped 1 point in each of the last
See Original Article

Aviva Investors names head of UK real estate

Daniel McHugh was named head of U.K. real estate at Aviva Investors, a spokesman said. Mr. McHugh is responsible for real estate activity in the U.K., leading the firm's specialist fund management and transaction teams. Mr. McHugh replaced David Skinner, global head of strategy and portfolio
See Original Article

Tavant Adds Digital Verification to Speed Mortgage Application for Lenders and Borrowers

SANTA CLARA, Calif.–(BUSINESS WIRE)–Tavant is working with Experian® to bring the mortgage journey into the digital age by removing barriers for consumers and making the digital lending process more seamless for lenders. The mortgage process typically has been complex and expensive for
See Original Article

Dodd-Frank has hurt small business lending and may have slowed business growth, new study says

The Dodd-Frank financial reform law slowed lending to small businesses and likely constrained economic growth by overburdening small banks, according to a new economic study released Monday. The study's findings have clear implications for legislation pending in Congress to exempt community
See Original Article

How's the Real Estate Market? – April 2018 Report

Average Days on Market was 93 Days. Average Price per Square Foot for Homes Sold was $71.54 per square foot. The median list price of new listings in the last 30 days is $131,750. 2017 vs. 2018 Historical Real Estate Market Comparisons. Check out the differences in the same 30-day segment of
See Original Article

US firm Manikay Partners buying 19.9% of TASE

In the past few months, Ben-Zeev unsuccessfully sought an overseas stock exchange that would buy control of the TASE as a strategic acquisition. On the forthcoming public offering of shares in the TASE, which before now had been spoken of as taking place only in 2019, he comments, “The Israeli
See Original Article

Bank of America's Once-Giant Mortgage Business Is Now `Other'

After billions in fines and payouts to regulators and investors in the years after the financial crisis, Bank of America has moved away from securitizing and servicing residential mortgages. The firm originated $9.4 billion of new mortgages in the first quarter; in 2009, it topped $100 billion in one quarter.
See Original Article

How to Create a Great Brand for Your Small Business

You can call Oatly a 25-year-old overnight success story. Founded by a food science professor, the Swedish oat milk company spent decades as a niche player in the plant-based beverage industry. But a few years ago, its profile began to rise, first in Europe and now in the U.S. As if overnight, the
See Original Article

Billionaire real estate developer: Getting fired was the best thing that happened to me

Ross's first job in New York was with Laird, a securities brokerage firm. It didn't last long. “They were having problems, and I was released, if you will,” Ross said. He got a new job at Bear Stearns. That didn't work out either. At the investment bank, Ross clashed with a superior who didn't want Ross to
See Original Article

Cleveland, Akron areas see slight dip in March home sales; prices up (interactive maps)

Buyers in Northeast Ohio paid as much as $2.05 million and as little as $1,225 for homes last month, according to the listing service. Those numbers span new and previously owned homes and reflect most of what happens in the housing market, with the exceptions of properties sold without formal
See Original Article

Voices of the Valley: Kathy Borawski, Owner, Borawski Real Estate, 44 State St., Northampton

Kathy Borawski, Owner, Borawski Real Estate, 44 State St., Northampton. Years in business: AW Borawski Real Estate was founded by my grandfather in 1930. My father was involved from 1962 until 1992, when I took over. I've been selling real estate since 1985. What do you offer and to whom?
See Original Article

Where you'll get paid when your banking job moves to Europe post-Brexit

So, Alex Wilmot-Sitwell didn't want to move to Dublin. So says Financial News today in a piece scrutinizing the former BAML executive's reasons for quitting last month. That could have been a mistake: last week's report from the European Banking Authority (EBA) on high earners in Europe suggests
See Original Article

Bank Of America Earnings Jump 51% In Q1; Stock Setting Up

Bank of America has formed a flat base with a 33.15 buy point, but shares are trading below their 50-day line. BofA hit resistance at that level support area on Friday, reversing lower to close down 2.8% to 29.80. JPMorgan Chase (JPM) and Citigroup (C) rose fractionally. Wells Fargo (WFC) edged lower.
See Original Article

James Comey on Apple and Google's Data Encryption: They 'Drove Me Crazy'

Still, the simplest solution in law enforcement's opinion is for Apple and Google to provide easier access to their devices. But at least for now—despite concerns from Comey and others—that doesn't appear likely. Neither Apple nor Google immediately responded to a Fortune request for comment on
See Original Article

Trump Blasts China, Russia for FX Devaluation as Fed Hikes

Trump has repeatedly blasted Beijing for failing to reduce its trade surplus and open its markets to American investment. China's yuan, though, has gained about 10 percent against the dollar over the past 12 months, climbing in March to the strongest level since August 2015. The ruble has weakened
See Original Article

Digital Signature Market 2018- Global Industry Analysis, By Key Players, Segmentation, Trends …

Digital Signature Market 2018- Global Industry Analysis, By Key Players, Segmentation, Trends …

PUNE, MAHARASHTRA, INDIA, April 16, 2018 /EINPresswire.com/ — Digital Signature Market 2018. Wiseguyreports.Com Adds “Digital Signature – Global Market Demand, Growth, Opportunities, Manufacturers, Analysis of Top Key Players and Forecast to 2023” To Its Research Database. Description:.
See Original Article

Revenue boost for Citi in Q1 2018 results

Revenues at Citi Bank increased 3 percent in Q1 2018, compared to the same quarter last year, according to the bank's Q1 2018 report. In its report, Citi revealed revenues of $18.9 billion in Q1 2018, compared to the revenues of $18.4 billion in Q1 2017. According to Citi, revenue increase has been
See Original Article

Foreign buying on Bursa last week tops RM300m

PETALING JAYA: The net amount acquired by foreign investors last week amounted to RM324.7 million, only the eighth time this year weekly foreign buying levels exceeded RM300 million. “International investors continued to make their way to accumulate stocks listed on Bursa last week albeit at a
See Original Article

Properties In Abu Dhabi Are More Affordable In 2018 For Both For Buyers And Tenants

dubizzle Property, the UAE's biggest and most visited Property platform, reveals its annual Abu Dhabi Property report, comparing price trends from Q1 2017 … The current softening of prices in the capital signals an opportunity for property investors to enter the market as we see it progress through its real
See Original Article

Why Are Markets Having a Muted Reaction to BofA Earnings?

Walter Todd, chief investment officer at Greenwood Capital, and Bloomberg Intelligence's Alison Williams, discuss Bank of America earnings and lack of reaction from markets thus far. They speak with Bloomberg's Alix Steel and David Westin on “Bloomberg Daybreak: Americas.” (Source: Bloomberg).
See Original Article

Banglore is the highest paying city in India in 2018, Says Report

… offering an average annual CTC of INR 9.1 lakhs and Infrastructure, Real Estate & Construction at INR 9.0 lakhs have bagged the fourth and fifth position in the list as India's most lucrative industries for professionals. The 'Hot Jobs for 2018' – showcases roles in strong demand in the current job market
See Original Article

Bank of America 1Q profits rise to record $6.9 billion

NEW YORK (AP) — Bank of America's profits rose to a record $6.9 billion last quarter thanks in part to the new tax law and higher interest rates. The consumer banking giant earned $6.92 billion, or 62 cents per share, up from $5.34 billion, or 45 cents a share, from the same period a year ago. Analysts
See Original Article

States Want to Force Online Retailers to Collect Billions in Sales Tax

Overstock.com has a small but unmistakable advantage for anyone looking to buy a 3-cup Cuisinart Mini Prep Plus Food Processor for shipment to … A ruling for the states would put new pressure on internet retailers and marketplaces that don't always collect taxes — including Overstock.com Inc.,
See Original Article

Australian home prices could fall further as banks tighten loan rules

The heat is already coming out of the housing market. Prices in Sydney, the world's second-most expensive property market, fell 2.1 per cent in March from a year earlier, according to CoreLogic. A year ago, annual price growth was running at almost 16 per cent. The top end of the market has recorded
See Original Article

Blue Ridge Bank Announces New President and Chief Banking Officer

LURAY, Va., April 16, 2018 /PRNewswire/ — Blue Ridge Bank is pleased to announce the addition of Gary R. Shook as President and Chief Banking Officer, and member of its board of directors. Mr. Shook begins this new role April 16, 2018 and brings with him immense leadership experience to
See Original Article

Bronx-Based Office Affiliates With Century 21 Real Estate Franchise System

BRONX, N.Y., April 16, 2018 /PRNewswire/ — Prudential Kafcos Realty announced today that it has joined the CENTURY 21® System and will now do business as CENTURY 21 Kafcos Realty. The company will continue to provide real estate services to buyers, sellers and renters in the Bronx and
See Original Article

Volkswagen is interested in buying Navistar

Volkswagen said Monday morning that it's considering a full takeover offer for Illinois-based truck-maker Navistar International, in which VW already holds 16.9% stake. Why it's a big deal: Because VW has been prepping a 2019 IPO for its trucks unit, and this disclosure suggests a continuation of that
See Original Article

San Francisco home prices gain US$60 an hour – four times the minimum hourly wage of US$14

Houses in San Francisco earn more per hour than most of their owners – or anyone else, for that matter – do at work, a new report finds. The study by property site Zillow finds that houses in the Bay Area city typically appreciate at a rate of US$60.13 for each working hour, calculated based on a 40-hour
See Original Article

Caddis Healthcare Real Estate Is Thriving on Complexity

Caddis Healthcare Real Estate is making a name for itself in senior housing and as a national acquirer of healthcare real estate. In January, the company closed $78 million in new acquisitions and developments—the biggest month in its history. Caddis, founded in 2007, began developing real estate for
See Original Article

Embrace Home Loans' Alberto Soto Recognized as Ambassador of the Year by the Hispanic …

MIDDLETOWN, R.I.–(BUSINESS WIRE)–Embrace Home Loans, a prominent leader in the mortgage industry, announced today that senior loan officer of the Maitland, Fla. branch, Alberto Soto, has been named Ambassador of the Year by the Hispanic Chamber of Commerce of Metro Orlando (HCCMO)
See Original Article

New programme tackles buying practices in Bangladesh

Better Buying and the Ethical Trading Initiative (ETI) are to join forces on an 18-month programme in Bangladesh to promote responsible buying practices. Local suppliers will be encouraged to rate international brands' purchasing practices. Brands' buying teams will be asked to use supplier feedback
See Original Article

VW's trucks division open to buying majority of Navistar

VW's trucks unit had “significant” synergies from joint procurement with Navistar last year, division CEO Andreas Renschler said. Foreign expansion, as well as more joint development and purchasing of parts between MAN and Scania, may help VW's truck and bus operations increase their operating
See Original Article

Mortgage rates today, April 16, 2018, plus lock recommendations

Mortgage rates today opened higher than they did on Friday. In addition to concerns about oil prices, trade wars and Middle Eastern politics, we also got a couple of economic reports. Retail Sales for March posted the first gains in three months (up by .6 percent) and came in much higher than expected.
See Original Article

BRICKS & MORTAR: Russian foreign property investments grow for the first time in four years

The wall of cash has been so large that many international real estate markets have been affected: a large part of the rise in Germany's property market has been ascribed to Russian purchases of apartments and commercial property in recent years. The total amount of money sent abroad by Russian
See Original Article

Who Is Jason Greenblatt? The Trump Lawyer No One Is Mentioning But You Should Know

It's hard to scan the headlines these days without seeing Michael Cohen's name mentioned. Donald Trump's personal attorney is under criminal investigation for his business dealings, has had his offices raided by the FBI, arranged a $1.6 million settlement between a GOP donor and Playboy playmate
See Original Article

Foundation Home Loans upgrades online broker portal

Foundation Home Loans upgrades online broker portal

Foundation Home Loans has upgraded its online portal to include better clarification concerning client documents that have been received or are outstanding. It can also copy Decisions In Principle certificates (DIPs) and Full Mortgage Applications (FMAs) on both accepted and declined cases and
See Original Article

Volkswagen's trucks division open to buying majority of Navistar – CFO

MUNICH (Reuters) – Volkswagen (VOWG_p.DE) is open to buying at some point a majority stake in U.S. truckmaker Navistar International Corp (NAV.N) as it pushes to expand its truck division's global presence and tap capital markets. FILE PHOTO: A car with the Volkswagen VW logo badge is seen on
See Original Article

7 injured in furnace explosion at Fortune Steel after protest: Numsa

Johannesburg – The National Union of Metalworkers of South Africa (Numsa) said on Monday that at least seven workers were injured when a furnace exploded at Fortune Steel in Nigel in Ekurhuleni and called for the company's operations to be closed until an investigation by the Department of Labour
See Original Article

Chase's Demand Letters; Capital Markets Update; Zillow is Doing What?

In a more serious matter, Phil Stein, and attorney with Miami's Bilzin Sumberg Baena Price & Axelrod LLP, sent, “Ten years after the financial crisis, mortgage companies and regional/local banks are still getting hit with new breach of contract and indemnification claims related to loans sold before the
See Original Article

An Old Metairie cottage for $249k: real estate roundup for Holy Cross, Metairie, Warehouse District

What will $249,900 buy around the New Orleans area? Looking through the real estate listings this week, we found three residences: a cottage in Old Metairie; a 1930s Arts and Crafts house in Holy Cross; and a condo in the Cotton Mill. 712 Metairie Lawn Dr., Old Metairie. This raised cottage has two
See Original Article

TCB's @ClippitTV videos: A very unfortunate 'Wheel of Fortune' moment

Wheel of Fortune contestant costs himself $7,100 and a trip to Spain by mispronouncing “flamenco”. This poor guy. It was ruled that he pronounced “flamenco” like “flamingo,” so his answer was incorrect. Brutal.
See Original Article

GTA housing market poised for spring thaw

“Sizzling” might be overstating the warming property market. But the real estate industry is finally predicting a return to a traditionally brisk spring — the kind of season that was virtually lost last year when, after months of bully bids and frenzied buying, sales soared in March and then stopped almost
See Original Article

Bank of America beats, delivers a record quarter

Bank of America Merrill Lynch just announced first-quarter earnings results, beating analyst estimates with earnings per share of $0.62. Analysts had been expecting the bank to report adjusted earnings per share of $0.59. The beat was driven by higher interest rates and lower taxes, while the bank's
See Original Article

How John Doerr Keeps Companies On the Right Track

VANCOUVER—Why are so many of our great companies, organizations, and institutions failing us? Because they're setting the wrong objectives. Or worse, they're setting none at all. At the TED conference here on Saturday, John Doerr took to the stage to make an impassioned case for the importance
See Original Article

Just How Widespread Is the Housing Shortage?

America's housing shortage is more wide-ranging than cloistered coastal markets, stretching from pricey locales such as California and Massachusetts to more surprising places, such as Arizona and Utah. Some 22 states and the District of Columbia have built too little housing to keep up with economic
See Original Article

Agent Snapshot: Dalila Juarez, Realtor, RE/MAX Generation

Name: Dalila Juarez. Job Title: Realtor. Company name: RE/MAX Generation. What was your first job in the realty industry? Hostess to a builder / Transaction coordinator for a RE/MAX office in Spring. Where did you grow up? North Houston. Growing up, what did you want to be? Chef, Photographer
See Original Article

BRIEF-Wheeler Real Estate Investment Trust Announces Changes To Its Board Of Directors

April 16 (Reuters) – Wheeler Real Estate Investment Trust Inc: * WHEELER REAL ESTATE INVESTMENT TRUSt INC ANNOUNCES CHANGES TO ITS BOARD OF DIRECTORS. * WHEELER REAL ESTATE INVESTMENT TRUST INC – BOARD OF DIRECTORS HAS ELECTED JOHN SWEET AS
See Original Article

Kenya Power: Buy your tokens from our banking halls

In text messages, most who have been forced to live in the dark after their power was disconnected, Kenya Power has told its pre-paid customers to instead purchase their tokens from their banking halls as the matter is being resolved. “Dear esteemed customer, we are experiencing delays in prepaid
See Original Article

Data Sheet—Billionaire Tim Draper's Kooky Idea to Split California in Three

Silicon Valley venture capitalists are plagued with a strange affliction. They believe that having made gobs of money somehow makes their kooky ideas brilliant. They're stinking rich, so their hair-brained concepts of what the world ought to look like not only deserve a fair hearing in the reality-based
See Original Article

VW's trucks division open to buying majority of Navistar: CFO

DE) is open to buying at some point a majority stake in U.S. truckmaker Navistar International Corp (NAV.N) as it pushes to expand its truck division's global presence and tap capital markets. … T) Hino Motors as it aims to compete more effectively with global truck market leaders Daimler (DAIGn.DE) and
See Original Article

Norman Sturner merges MHP with Miami's Banyan Street Capital

Norman Sturner's MHP Real Estate Services sold a stake in the company for an undisclosed figure to Miami-based firm Banyan Street Capital, forming a joint venture with a combined portfolio valued at more than $3 billion. Sturner, MHP's president and CEO, will hold the position of chairman of the
See Original Article

Guild Mortgage is A Fannie Mae STAR Performer

The San Diego headquartered independent mortgage lender, Guild Mortgage, earned a Servicer Total Achievement and Rewards (STAR) Performer recognition from Fannie Mae for 2017. The STAR Program, which was initiated by Fannie Mae in 2011, is a performance management and recognition
See Original Article

Hunt Mortgage Group Finances the Acquisition of a Multifamily Property Located in Kansas City …

NEW YORK, April 16, 2018 /PRNewswire/ — Hunt Mortgage Group, a leader in financing commercial real estate throughout the United States, announced today it provided a Freddie Mac Small Balance Loan in the amount of $5 million to finance the acquisition of a multifamily property located in Kansas
See Original Article

PSD2: Opening Up Banking

The Second Payment Services Directive—otherwise known as PSD2—has revised existing legislation to improve transparency, data sharing, customer rights and costs associated with the end-to-end payments process. As such, PSD2 paves the way for non-bank competitors to enter and develop the
See Original Article

Core Banking Functional Specialist Business Analyst

Core Banking Functional Specialist Business Analyst. Permanent Specialist position. Pretoria CBD, Gauteng. Undisclosed cost to company. Job 2208005. Posted 16 Apr 2018 by Kamo Placements. ADD TO MY JOBS APPLY NOW
See Original Article

The Fair Housing Act Turns 50, But Work Still Remains

The Fair Housing Act Turns 50, But Work Still Remains

It was 50 years ago this month that Congress passed the landmark Fair Housing Act, making it illegal to deny housing based on a person's skin color, religion, or country of origin. In a piece for HousingWire, Jeffery Hayward, Fannie Mae's executive vice president and head of its multifamily business,
See Original Article

Wheeler Real Estate Investment Trust, Inc. Announces Changes to its Board of Directors

VIRGINIA BEACH, Va., April 16, 2018 (GLOBE NEWSWIRE) — Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) (“Wheeler” or the “Company”), a fully-integrated, self-managed commercial real estate investment company focused on owning and operating income-producing retail properties
See Original Article

GM Rolls Out $10000 Discount on Escalade to Fend Off Navigator

In Cadillac and Lincoln showrooms, the battle of the behemoths is on. General Motors Co. is stepping up its defense of the Escalade SUV, a cash cow for Cadillac and the company, by offering $10,000 discounts to some current customers to keep them from straying to Ford Motor Co.'s hot-selling new
See Original Article

How Self-Driving Cars Could Affect The Real Estate Market

Despite accidents that can happen with self-driving cars such as the one the reported in Arizona, humans are still far more likely to cause an accident. In fact, according to the National Highway Traffic Safety Administration, 94% of all accidents are caused due to human error. Experts must still work out
See Original Article

ISLA 'unconvinced' that haircut levels a 'material contributor' to the financial crisis

The International Securities Lending Association (ISLA) said it was “unconvinced that haircut levels were a material contributor to the financial crisis”, in response to the European Commission's communication on the finalisation of Basel III. A key element of the Basel III finalisation are proposals relating
See Original Article

Good Fortune Brings Something New to Botanical Heights

Two years and two locations after it was first announced, Good Fortune (1641D Tower Grove Avenue, 314-726-4666) is now open in Botanical Heights. The restaurant, originally pitched as a “Chinese-Americanese” spot in the Central West, saw a shift in both its ownership group and location as months
See Original Article

Montréal's Residential Real Estate Market is Off to a Flying Start in 2018

L'ÎLE-DES-SŒURS, QC, April 16, 2018 /CNW Telbec/ – The Greater Montréal Real Estate Board (GMREB) has released its most recent residential sales statistics for the Montréal Census Metropolitan Area (CMA), based on the real estate brokers' Centris® provincial database. In total, 12,311 residential
See Original Article

ETHLend Expands to FIAT Lending, Initiating Licensing Process

ETHLend's initial goal was to provide cryptocurrency lending with the use of digital assets as a collateral for the loans. However, due to the vast number of requests, the project will again be expanding the current crypto-to-crypto business model to cover FIAT lending, enabling users to pledge
See Original Article

Commercial Watch: EPC rulings no joke for landlords

That means commercial landlords are likely to be looking for ways to raise capital to make such modifications. For those with good deals on their main commercial mortgage, it is worth knowing the alternative financing options available to them to release equity in their portfolios, such as taking a second
See Original Article

China's LGBT Community Staged a Massive Protest Against an Online Ban of Gay Content—And …

In a country often characterized by censorship, Chinese citizens are openly protesting. Following an announcement by China's Twitter-like platform Sina Weibo on Friday that it would remove pornographic, violent, or gay content as part of a three-month “clean up” campaign, gay Chinese citizens came
See Original Article

Lawmakers examine FHFA effectiveness

Specifically, officials said they were interested in gaining insight with regard to the FHFA's role as regulator of the housing government sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, and manager of daily business activities through the ongoing conservatorships of Fannie Mae and Freddie
See Original Article

​Man Instantly Guesses Cryptic 'Wheel Of Fortune' Puzzle And Wins $63K

While most of us can't even complete the quick crossword in the paper (let alone the cryptic one), one LAD has put us all to shame by completing arguably Wheel of Fortune's most bizarre puzzle. And he did it in about three seconds flat. Oh, and he won over $63K. Ugh.
See Original Article

Patrick Stewart Is Backing a Group That Wants a Second Brexit Vote

On Sunday, Sir Patrick Stewart joined members of Parliament and business leaders in London to launch an anti-Brexit group called The People's Vote. The event drew 1,200 people, including representatives from all of Britain's major parties. As Brexit draws closer—Britain's split from the European
See Original Article

Real Estate's Wake-Up Call

Cars that can drive us to work and take themselves back home could, in theory, dampen demand for parking lots, or in future-speak, “unnecessary piles of concrete sitting on valuable real estate.” Green Street Advisors, a real estate research firm, estimates that a significant reduction in car ownership
See Original Article

Buy This Top-Notch Commercial Mortgage REIT For Its Solid 9.2%-Yield

The commercial mortgage REIT benefits from strong demand for loan originations, and the lending business has significant interest rate upside. Starwood Property Trust is moderately valued on a run-rate core earnings basis. I recommend investors to add the REIT on major dips as the dividend has
See Original Article

The Supreme Court Is Going To Weigh in on the Trump-Amazon Feud Over Online Sales Tax

This week the Supreme Court is considering a case that could end for good a precedent that allows online retailers to not charge sales tax. On Tuesday, the justices will hear arguments in South Dakota v. Wayfair Inc., in which the state of South Dakota is seeking to overturn a 1992 decision in Quill v.
See Original Article

LG Fortune 2 arrives at Cricket Wireless, offers advanced selfie camera features

Cricket Wireless has just announced that the sequel to LG's affordable Fortune smartphone is now available for purchase for less than $100. … Although it's a cheap phone, the LG Fortune 2 offers some neat selfie camera features like Gesture Shot and Auto Shot, which allow users to take selfies much
See Original Article

BRIEF-Terveystalo Sells Entire Share Capital Of Porin Linnankulma Mutual Real Estate Company

April 16 (Reuters) – TERVEYSTALO OY: * REG-TERVEYSTALO PLC: TERVEYSTALO SELLS THE ENTIRE SHARE CAPITAL OF PORIN LINNANKULMA MUTUAL REAL ESTATE COMPANY. * WILL CONTINUE TO OPERATE AS A TENANT IN PREMISES ON A FIXED TERM TEN-YEAR CONTRACT.
See Original Article

Banking royal commission: AMP under attack

The financial services giant was also skewered for its submissions to the banking royal commission where it admitted to “possible breaches” of the law in contrast with an AMP executive's apology for what appeared to actual breaches in a supplementary witness statement. The developments occurred on
See Original Article

Is PropTech Transforming the Real Estate Market?

Property technology fondly called prop-tech is bringing in a new wave of radical changes that will alter the dynamics of the real estate landscape. With the current generation of internet savvy users, it is obvious that the integral mode of communicating with them is through technology; and sooner the
See Original Article

Make Way for Freddie Mac Changes to Investor Reporting

Make Way for Freddie Mac Changes to Investor Reporting

The goal was to increase servicers' efficiency and streamline the reporting process for investors as well as prepare for the Single Security Initiative (SSI) which is a joint initiative of Fannie Mae and Freddie Mac under the direction of FHFA. The initiative is to develop a common mortgage-backed security
See Original Article

Ecognosis Advisory CEO says Markets Will Ignore Attack on Syria

Ecognosis Advisory CEO says Markets Will Ignore Attack on Syria …. fellow at the Middle East Institute, and Andrew Freris, chief executive officer at Ecognosis Advisory, discuss the missile attack in Syria over the weekend and its potential impact on markets. They speak on “Bloomberg Markets: Asia.
See Original Article

Octane Capital hires internal BDM

Adam Ware has left Commercial Acceptances to join bridging lender Octane Capital as internal business development manager. He was at lender Commercial Acceptances, part of the Close Brothers Group for the past five years and worked as assistant lending manager focusing on the loan origination
See Original Article

Lawmaker offers to ease criteria for issuing mortgage loans to teachers and doctors

Lawmaker offers to ease criteria for issuing mortgage loans to teachers and doctors … party) at the meeting of the parliamentary committee on social policy, education, science and health today said there are few citizens working in the sphere of education and healthcare, who take mortgage loans.
See Original Article

How Loans4SME is solving credit problems for small businesses in India

“Working for so long in the credit and lending space, it was clear to me that financing was one of the biggest growth challenges faced by companies. … the company is expanding the source of debt capital for SMEs beyond traditional methods like banks to include venture debt funds, impact lenders, and
See Original Article

Open all hours – how to lead customers to your shop door

Ed Payne is director of Bristol-based brokerages Family First Finance and Clifton Mortgages. In my previous blog, I've talked about the reasons why I wanted to run my own mortgage and protection business and the initial hurdles to be overcome when sinking the foundations. Having identified the
See Original Article

How Trump's Legal Team Is Trying to Delay the Investigation of Michael Cohen

On Friday, the Justice Department revealed that Michael Cohen, President Donald Trump's personal lawyer, is under criminal investigation. And Trump's advisors are reportedly more concerned about the potential threats to his presidency posed by this investigation than special counsel Robert Mueller's
See Original Article

WWE's John Cena and Nikki Bella call off wedding; Prince heirs yet to collect his fortune (10 Things …

WWE's John Cena and Nikki Bella call off wedding; Prince heirs yet to collect his fortune (10 Things to Know for Monday). Updated April 16, 2018 at 1:53 AM ; Posted … But his heirs are bitterly divided and have yet to collect a dollar of his estimated $200 million fortune. 10. RED SOX OFF TO HOTTEST
See Original Article

Harwood Advisory Group LLC Buys Shares of 2471 Philip Morris International Inc. (PM)

Calamos Advisors LLC increased its holdings in shares of Philip Morris International by 39.6% in the 4th quarter. Calamos Advisors LLC now owns 756,800 shares of the company's stock worth $79,956,000 after buying an additional 214,592 shares during the last quarter. Venturi Wealth Management
See Original Article

Region's short housing supply takes its toll in Northern Virginia

The lack of homes for sale has taken its toll on the housing market in Northern Virginia as it has in other markets. In every jurisdiction in Northern Virginia, there's only a little over one month's supply of homes on the market, says Andrew Strauch, vice president of Bright MLS in Rockville, Md. A balanced
See Original Article

If Fed Moves Unlock Billions at Banks, Here's Who Might Win Most

Last week, federal agencies rolled out plans for overhauling some of the most significant constraints imposed on banks after the 2008 financial crisis: capital requirements that are meant to make lenders better equipped to withstand losses, stress tests that assess firms' ability to survive another economic
See Original Article

Sings of renewed expat, foreigner interest in SA housing market

Cape Town – Due to improved sentiment about South Africa, it would not be surprising to see an increasing demand for SA residential property among foreigners and SA expats, according to John Loos, household and property sector strategist at First National Bank. This is despite demand levels for SA
See Original Article

Mark Zuckerberg's Security Costs Shot Up Last Year Due to 'Specific Threats to His Safety'

The “board intelligence solutions” company Equilar said Bezos received the highest personal and home security perquisite of any Fortune 100 executive in 2015. In case you're wondering why Zuckerberg didn't top him, that's because Facebook does not classify Zuckerberg's security program as a
See Original Article

Banking royal commission told 90% of financial advisers ignored clients' best interests

Australia's corporate regulator has revealed 90% of financial advisers who provide advice to self-managed super funds have failed to comply with the best interests of their clients. The startlingly high figure was revealed during the financial services royal commission on Monday, as the commission
See Original Article

Meet FINT, the FinTech Company that wants to change micro-lending in Nigeria

FINT.ng is a loan marketplace that connects borrowers to lenders. Borrowers get access to credit at affordable rates and lenders get their money back with interest. It is probably one of the more necessary innovations in Nigeria's Fintech space at the moment because it solves two problems. The first is
See Original Article

'Mortgage Freedom Day' comes earlier this year

Based on the average annual mortgage repayment cost of £8,039 and the net average net annual income of £27,724, Halifax calculated today homeowners have earned enough to cover their mortgage for 2018. This is three days earlier than the date in 2017. However, there's a big divide of 'Mortgage
See Original Article

Global Threat Intelligence Market – Check Point Software Technologies Ltd., Juniper Networks Inc …

Threat Intelligence market report also includes key players such as Check Point Software Technologies Ltd., Juniper Networks Inc., IBM Corporation, Symantec Corporation, FireEye Inc., Dell Technologies, McAfee LLC, Looking Glass … Others (Gaming, Media and Entertainment, and Real Estate etc)
See Original Article

Corporate America Picks Up Pace On Lending

U.S. banks are seeing a surge in the number of loans being taken out by corporate America, with new data showing the biggest increase since the 2016 election. According to the Financial Times, the data published on Friday shows only one month of recovery, but is still giving bankers hope that
See Original Article

Eamonn Holmes net worth: The This Morning presenter has amassed a huge fortune

Eamonn's work ethic and easygoing presenting style have led to an estimated personal fortune of £3 million, according to The Sun. His broadcasting career began in the late seventies at Ulster Television. He took over from Gloria Hunniford to host the Good Evening Ulster programme in 1982, and left to
See Original Article

Past & Future Releases

Future Releases. Next Issue: March 2018 expected for release on 15/05/2018. Past Releases. Lending Finance, Australia February 2018 (Latest); Lending Finance, Australia January 2018 · Lending Finance, Australia December 2017 · Lending Finance, Australia November 2017 · Lending Finance,
See Original Article

Leavell Investment Management Lowered Qualcomm (QCOM) Stake; Investors Title Co (ITIC) Has …

Leavell Investment Management Lowered Qualcomm (QCOM) Stake; Investors Title Co (ITIC) Has …

Investors Title Co (ITIC) investors sentiment increased to 1.36 in Q4 2017. It's up 0.32, from 1.04 in 2017Q3. The ratio has increased, as 30 investment professionals increased or opened new positions, while 22 cut down and sold their equity positions in Investors Title Co. The investment professionals in
See Original Article

Banking royal commission hears only 35% of financial advisers are qualified

The banking royal commission has turned its attention to the dodgy advice in financial planning sector. A sector which has come under enormous criticism, with the big banks facing the heat the advice they've given. More than $383 million in compensation has been paid to customers who've been
See Original Article

No money paid out in State house building scheme

A State scheme to incentivise the construction of affordable homes has not paid out a single cent since its announcement in November 2015. The Development Contribution Rebate Scheme was launched in December that year to stimulate residential construction at affordable prices. Builders and
See Original Article

Health Management International Ltd (SGX:588): Has Recent Earnings Growth Beaten Long-Term …

Though Health Management International's past data is helpful, it is only one aspect of my investment thesis. Positive growth and profitability are what investors like to see in a company's track record, but how do we properly assess sustainability? I suggest you continue to research Health Management
See Original Article

Mortgage Freedom Day for the average UK homeowner

Today (16 April 2018) is Mortgage Freedom Day – the day on which the average UK homeowner will have earned enough to cover their mortgage payments for the whole year. But some homeowners are freer than others – are you among them? How much of your earnings go into buying your home?
See Original Article

Just 11% of business lending is now fixed-rate loans

Just 11% of the £416bn in total stock of loans to businesses are now being provided on a fixed rate – dropping by a third from 18% two years ago. This leaves businesses with huge exposure to rising interest rates, Hadrian's Wall Capital, the London-based specialist debt adviser, argued. The drop came
See Original Article

Germany's Peter Beyer Says German-US Relations Is 'Very Demanding' Currently

Germany Coordinator for Transatlantic Cooperation Peter Beyer discusses EU-U.S. relations and why Germany did not military support recent airstrikes in Syria. He speaks with Matt Miller and Guy Johnson on “Bloomberg Markets: European Open.” (Source: Bloomberg). Terms of Service Trademarks
See Original Article

Will Geopolitical Risks Impact the Price of Oil?

Heng Koon How, United Overseas Bank head of markets strategy, discusses the outlook for markets, geopolitical risks to oil and U.S.-Russia relations on “Bloomberg Markets.” (Source: Bloomberg). Terms of Service Trademarks Privacy Policy ©2018 Bloomberg L.P. All Rights Reserved. Careers Made
See Original Article

Where Does the ECB Go From Here?

Markets believed Draghi's vow made in 2012 (ironically, at a conference to promote investment in Britain) that “the ECB is ready to do whatever it takes to preserve the euro.” Investors' confidence in that commitment, bolstered by the statements of the German chancellor and French president the
See Original Article

Clever Lending confirm four lenders at specialist forums

Specialist distributor, Clever Lending will have four specialist lenders participating at its upcoming forums including Masthaven Bank, Shawbrook Bank, Kensington Mortgages and MT Finance. Brokers and intermediaries attending the forums will have the opportunity to learn more about each lenders'
See Original Article

TESTING TRUISMS: Does Fortune Favor the Bold?

Does fortune actually favor the bold, as the saying goes? It might, if you are white and male. If you are a woman or a person of color, however, boldness might not be equally beneficial. According to a survey by employer branding company Universum, the third most sought-after trait in candidates is
See Original Article

'China's Hawaii' Gets Economic Boost From Xi

China's Hainan province has won a long anticipated gift from Beijing. Over the weekend, President Xi Jinping laid out a number of measures to boost the province. Bloomberg's Oanh Ha reports on “Bloomberg Markets: Asia.” (Source: Bloomberg)
See Original Article

US futures post solid gains ahead of the open; earnings loom

Consequently, oil prices fell on Monday. On Monday, data and earnings are likely to keep investors busy. Retail sales and the Empire State manufacturing survey are both due out at 8:30 a.m. ET, followed by business inventories and the NAHB/Wells Fargo Housing Market Index at 10 a.m. ET. Treasury
See Original Article

Numsa demands shut down of Ekurhuleni mine after blast

JOHANNESBURG – The National Union of Metalworkers of South Africa (Numsa) is demanding a total shut down of the Fortune Steel Mine in Ekurhuleni after seven mine workers were injured in an explosion. One of the injured miners is in a critical condition in hospital following Saturday's blast.
See Original Article

Latham & Watkins' Lhenacho Says PE Sector Has Seen Spate of Carve-Out Deals

Kem Ihenacho, global co-chair of private equity at Latham & Watkins, discusses why corporate carve outs matter. He speaks with Sarah Syed on “Bloomberg Markets: European Open.” (Source: Bloomberg). Terms of Service Trademarks Privacy Policy ©2018 Bloomberg L.P. All Rights Reserved.
See Original Article

40 years of relationships solve international Miami mortgage mystery

My client and her husband purchased the 3,200-square-foot property in 1993 with a mortgage from the Arab Banking Corporation (ABC Bank) in Bahrain, … your relationships strong, and, if you are thinking of selling your home, have a title company make sure there are no surprises lurking on your deed.
See Original Article

Whitbread Soars as Elliott Discloses Stake in Costa Owner

During Chief Executive Officer Alison Brittain's more than two years at the helm, Dunstable, England-based Whitbread has sought to simplify its operations by shrinking or exiting ventures in India, Thailand and Singapore while focusing on fast-growing markets such as China. Brittain has so far resisted
See Original Article

WPP CEO Departure May Herald Breakup, Strategy Shift at Empire

Martin Sorrell's abrupt exit from WPP Plc leaves the advertising empire in search of a new chief executive officer for the first time and vulnerable to a break-up, as the sprawling network of agencies faces its biggest challenges since the global financial crisis. Martin Sorrell. Photographer: Chris J. Ratcliffe/
See Original Article

KPMG South Africa Audits Own Staff After Breaking Public Trust

KPMG South Africa, which has faced scrutiny for its audit work on failed VBS Mutual Bank and companies linked to the politically connected Gupta family, said all staff face background checks every two years to try improve public trust in the firm. “The vetting is to be done by an external, independent party
See Original Article

Leek United joins TMA Club's lenders

TMA Club has added Leek United Building Society to its panel, giving TMA's broker members access to the society's products. Leek has revamped its whole range of mortgage offers including deals for non‐homeowner buy-to-let customers and a 2‐year fixed rate 90% loan-to-value residential mortgage
See Original Article

Deutsche Bank and VW pay price for shambolic governance

Deutsche Bank and VW pay price for shambolic governance

Germany's biggest bank and its biggest carmaker are not obviously comparable. But look under the bonnet and they have a surprising amount in common. And not in a good way. Consider three obvious parallels. Both Deutsche Bank and Volkswagen have been through scandal and existential crisis in
See Original Article

Favorable Press Coverage Somewhat Unlikely to Impact Capstead Mortgage (NYSE:CMO-E …

… relatively short-duration adjustable-rate mortgage (ARM) securities issued and guaranteed by government-sponsored enterprises, either Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac), or by an agency of the federal government,
See Original Article

Heilind Electronics Now Stocking Molex's ValuSeal IP65 Wire-to-Wire Connector System

ValuSeal wire-to-wire connectors include an integrated wire strain relief within the connector body to prevent overbending, wire failure and leak paths. Additionally, the connector's one-piece housing eliminates failures and issues associated with the use of unsealed interconnect systems in adverse
See Original Article

Man City players hit the pub to celebrate winning Premier League title thanks to West Brom's …

5 – Man City have won the Premier League title with five games remaining; equalling the English top-flight record. They have equalled the efforts of Manchester United (1907-08 and 2000-01) and Everton (1984-85) who all won the top-flight title with five games to spare. Cruise. pic.twitter.com/
See Original Article

RM Secured Direct Lending sees attractive pipeline of opportunities as quarterly NAV edges higher

RM Secured Direct Lending PLC (LON:RMDL) has highlighted an “attractive pipeline of opportunities” as the investment manager unveiled modest quarterly growth in its portfolio's net asset value (NAV) despite market conditions. The secured debt-focused investment firm said its NAV as at 31 March
See Original Article

Why America Needs More Social Housing

The idea of having a permanent sector of social housing, protected in perpetuity from market pressures, has a bad reputation in the United States, in part because of misleading stereotypes about public housing. But other forms of social housing are being depleted as well, including middle-income
See Original Article

James Comey Explains Why President Trump Shouldn't Be Impeached in ABC Interview

Former FBI director James Comey appeared on 20/20 on Sunday, discussing his upcoming book A Higher Loyalty: Truth, Lies and Leadership and providing a candid evaluation of President Donald Trump in an interview with ABC News chief anchor George Stephanopoulos. In one particularly notable
See Original Article

Brexit Bulletin: Thwarting the Divorce

Today in Brexit: There are plenty of ways to change the course of Brexit, according to an influential think tank. U.K. politicians could send Prime Minister Theresa May back to the negotiating table, engineer a second referendum or even prompt a general election when a final Brexit deal comes to
See Original Article

Abu Dhabi property rentals decline in Q1

… market; recently, authorities approved three landmark development and tourism projects to be implemented at Zayed Port. The current softening of prices in the capital signals an opportunity for property investors to enter the market as we see it progress through its real estate cycle,” concluded Abdin.
See Original Article

Liens placed on Mortgage Specialists Inc. owner Michael Gill's properties

MANCHESTER — After spending more than a million dollars fighting mortgage broker Michael Gill in court, three men awarded $274.5 million last year are … Those properties are the Mortgage Specialists building on South Willow in Manchester, a Derry residence, a Plaistow commercial parcel and a
See Original Article

Czech banks tightened household lending in Q1 -c.bank survey

The bank said lending conditions for companies did not change substantially in the first three months of the year and were expected to remain unchanged in the second quarter. The tightening for households stemmed mainly from the banks finishing implementation of central bank measures in mortgage
See Original Article

Malaysian Stock Surges After Company Founder Apologizes to Najib

It's never too late to say sorry. One of the world's largest glovemakers Supermax Corp. is rallying after its founder Stanley Thai apologized to Malaysian Prime Minister Najib Razak for vocally supporting the opposition in the nation's last general election five years ago. Supermax surged as much as 6.9
See Original Article

Shawbrook Commercial hires lending manager

Shawbrook Bank has revealed that Stewart Paine has joined the commercial property team as lending manager. He will specifically be looking after specialist buy-to-let mortgage applications. Paine (pictured) has been in the banking sector for a number of years, spending the last six at Coutts. He said:
See Original Article

Cityscape Abu Dhabi to showcase projects, including affordable housing, from different emirates

More than 100 real estate developers are expected to showcase projects at the Cityscape Global exhibition in Abu Dhabi this week, as recovering oil prices and slower rate of price declines rejuvenates investor sentiment. “We are confident that the attendance figure will exceed last year's 17,549
See Original Article

LG Fortune 2 budget-friendly phone launches on Cricket Wireless

It was in March 2017 when LG first rolled out the first Fortune phone. It wasn't a “Fortune Cookie” because it was only powered by Android Marshmallow but the device is a mid-range unit good enough for basic mobile use. Cricket Wireless introduced the phone and it's no different this year as the
See Original Article

Irish Warn June Brexit Progress Needed to Seal October Accord

Ireland's deputy prime minister said a lack of significant progress on the border question by the time European leaders gather in June will trigger “serious questions” about whether the EU and U.K. can reach a Brexit withdrawal agreement in October. “If there isn't progress on the backstop, and the
See Original Article

Renovator sold 48 times higher than its last price

A SEVEN bedroom fixer-upper has sold for 48 times its last sale price, landing a massive seven-digit price despite its rundown state.
See Original Article

What is UK Mortgage Free Day and what does it mean for borrowers

Andy Bickers, mortgages director at Halifax, said: “Despite only a small shift, borrowers this year have on average earned enough to meet their mortgage payments for the rest of the year three days earlier in 2017 – a positive step considering a mortgage is often the greatest financial commitment we
See Original Article

Pentagon Cited Boeing Over Quality Concerns Going Back Years

… this praise, however, the Pentagon's top weapons buyer, Ellen Lord, brought up the unresolved quality alerts with Boeing Defense, Space and Security President Leanne Caret during a regularly scheduled Jan. 29 review of the company's portfolio, the agency said in a statement to Bloomberg News.
See Original Article

RM Secured Direct Lending NAV broadly flat in first quarter

RM Secured Direct Lending NAV broadly flat in first quarter. 16 April 2018 … StockMarketWire.com – RM Secured Direct Lending said its net asset value was flat in the first quarter amid challenging market conditions. … At 9:59am: [LON:RMDL] RM Secured Direct Lending Plc share price was 0p at 101.5p
See Original Article

London Money opens Manchester Money office

London Money opens Manchester Money office

London Money has launched a new directly-authorised brand, Manchester Money. Manchester Money will be headed up by director Chris Barker, who was previously a Mortgage Advice Bureau appointed representative. Manchester Money will advise on first and second charge mortgages as well as
See Original Article

Mortgage freedom day arrives three days early

According to the latest Halifax research, 16th April is the day that average homeowners have earned sufficient to cover their mortgage payment for the rest of 2018. This is based on the average annual mortgage repayment cost of £8,039 and the average net annual income of £27,7243. North-South
See Original Article

Canadians might be headed straight towards deep debt traps – analyst

The president of the Credit Counselling Society has warned that low borrowing costs and rising home prices have lured Canadians into debt traps they may not escape if looming economic threats materialize. Scott Hannah said that he is seeing an influx of clients as higher financing costs begin to bite
See Original Article

REAL ESTATE DEALS

SALES. Celestial Holdings LLC purchased the property at 2860 14th St. W., Bradenton, from D & M Simone LLC for $400,000. Adam Doak, of American Property Group of Sarasota Inc., handled the transaction. PBW Properties of Osprey LLC purchased the properties at 130 N. Tamiami Trail and 127
See Original Article

Carillion collapse hits 2018 commercial property lending

Santander tripled its impairment costs in 2017 to £203m, citing bad loans made to Carillion. Liam Brooke, co-founder of Lendy, said: “The unexpected fall in lending highlights just how big an impact Carillion has had on the commercial property industry.” “Lenders who have had to deal with heavy losses
See Original Article

Water Filter Housing Market 2022 Overall View of Opportunities, Challenges, Key Players, Growth …

Water Filter Housing Market report shares data of regions like USA, Europe, Japan, China, India, Southeast Asia, South America, South Africa. This includes market overview, forecast, imports/exports market analysis, players profiles and sales data, regions. Water Filter Housing market also includes
See Original Article

Octane hires internal BDM

Octane Capital has appointed Adam Ware as internal business development manager. Ware joins from specialist lender Commercial Acceptances, part of the Close Brothers Group, where he held the role of assistant lending manager with a focus on loan origination and underwriting. Octane, which
See Original Article

Homeowners celebrate Mortgage Freedom Day three days earlier in 2018

Today marks UK Mortgage Freedom Day, the day homeowners will have earned enough to pay off the annual cost of their mortgage. Halifax research reveals that today homeowners have earned sufficient, on average, to cover their mortgage payment for the rest of 2018 – three days earlier than in 2018.
See Original Article

Egyptian real estate developers showcase best offers at IPS Dubai

The 14th International Property Show (IPS) 2018 was held at the Dubai World Trade Centre in the UAE from 9 to 11 April with the participation of 17 Egyptian real estate developers and Banque Misr for the first time since the inauguration of the exhibition. The Egyptian companies are expected to achieve
See Original Article

Mortgage freedom day reached for home owners in the UK

Home owners in the UK have now earned sufficient, on average, to cover their mortgage payment for the rest of 2018 on what is known as Mortgage Freedom Day. The calculations by lender the Halifax are based on the average annual mortgage repayment cost of £8,039 and the average net annual
See Original Article

TH Real Estate Sells Bourke Street Building

Global fund manager TH Real Estate has sold its 50 per cent interest in a Mirvac-managed building in Melbourne. The real estate investment manager said in a statement that it had achieved its target investment returns on the at 699 Bourke Street asset. The Morgan Stanley Real Estate Investing
See Original Article

Lendy: Carillion collapse dampened commercial property lending

THE COLLAPSE of Carillion contributed to an unexpected four per cent decline in commercial property lending in January, according to Lendy. The peer-to-peer property platform said that the closure of the former construction giant has created nervousness amongst many mainstream lenders over the
See Original Article

Kai Ioh, Director of International Sales for MacArthur Sotheby's International Realty, Closes Over …

This is in addition to a wide array of other value-added services such as developing relationships with exceptional brokers in local markets to complement the buying process for his clients. This approach has led to global successes under Kai's belt in 2017 and 2018 totaling over $150 million in sales.
See Original Article

Mortgage-Backed Securities and the Financial Crisis of 2008: a Post Mortem

We examine the payoff performance, up to the end of 2013, of non-agency residential mortgage-backed securities (RMBS), issued up to 2008. We have created a new and detailed data set on the universe of non-agency residential mortgage backed securities, per carefully assembling source data from
See Original Article

UK 'celebrates' Mortgage Freedom Day

Today is the day that homeowners have earned sufficient, on average, to cover their mortgage payment for the rest of 2018, according to Halifax. This is based on the average annual mortgage repayment cost of £8,039 and the average net annual income of £27,724. There is a wide variation in
See Original Article

Goldman Sachs, looking to expand its retail banking presence, purchases a mobile app

White-shoe investment house Goldman Sachs is looking to expand its retail banking business. The investment house does take in consumer deposits, lends money, and offers most of the same services as the local bank around the corner. The company is well known as a securities power house that
See Original Article

Swedish home prices unchanged in March – HOX index

STOCKHOLM, April 16 (Reuters) – Swedish home prices were unchanged in March from February, but fell 4.5 percent on an annual basis, the Nasdaq OMX Valueguard-KTH Housing Index (HOX) showed on Monday. Apartment prices fell 8.6 percent year-on year, while single-family home prices were
See Original Article

Best Real Estate Dividend Paying Stock in April

The real estate sector performs relatively in-line with the wider economy. Prosperous periods bring about high growth and inflation, leading to strong returns in real estate investments. During these times, companies such as First Real Estate Investment Trust and CapitaLand Retail China Trust generate
See Original Article

Aqar Group targets achieving EGP 300m sales in 2018

Aqar Group for Real Estate targets achieving EGP 300m in sales in 2018 for 25 real estate developers, according to CEO Mahmoud El Gendy. El Gendy said that the company has been operating in Egypt's real estate market for 13 years and works with major developers such as Misr Italia Properties,
See Original Article

Real Estate Software Market Comprehensive Analysis 2018

Real Estate Software Market Report by Company, Regions, Types and Applications, Global Status and Forecast to 2025 provides an in-depth analysis of the US, Canada, and Asia Pacific appraisal market by value, by volume, by segments, by number of AMCs, appraiser's tenure, etc. The report also
See Original Article