The Senate on Wednesday moved to eliminate a 2013 consumer protection measure intended to combat discrimination in auto lending, marking an expansive new use of its power to kill federal regulations. The lawmakers voted 51-47 to gut the Consumer Financial Protection Bureau's guidance, which
See Original Article

Rewind nearly a decade, and Bank of America Corporation's (BAC) mortgage lending unit was issuing $100 billion in new loans in one quarter alone. Now a business that had revenue of more than $1 billion each quarter is being counted as “other income” on the bank's financial statements,
See Original Article

Investors in cryptocurrency startup Savedroid are wondering whether the founder ran off with their money, the site has been hacked, or if it's all part of an elaborate joke. A South Park meme with big, block letters saying “And It's Gone,” was the only thing on the company's website on Wednesday.
See Original Article

TORONTO, April 18, 2018 (GLOBE NEWSWIRE) — Partners Real Estate Investment Trust (“Partners REIT”) (TSX:PAR.UN) is pleased to announce a $0.02083 per Unit distribution for April 2018. The distribution will be paid on May 15, 2018 to unitholders of record as at April 30, 2018. Partners REIT
See Original Article

18, 1971. After regaining the title in December 1973, Sammartino went on to have a run of more than three years; that's also one of the five-longest world title reigns in the company's history. Bruno Sammartino had two of the five longest title reigns — including a record stint that lasted almost eight years
See Original Article

HERO financing first launched in Oakdale and Riverbank in 2014, and has created or sustained over 340 regional jobs, many of which cannot be automated or outsourced. HERO-financed home upgrades are projected to save homeowners over 60 million kilowatt-hours of electricity – and more than
See Original Article

Turkish markets rallied after Erdogan's announcement in Ankara that the country will go to the polls June 24 to pick a president, almost certainly ratifying his hold on … 1.6 percent to 4.03 per dollar as of 6:30 p.m. in Istanbul; it has weakened this year against all 17 major currencies tracked by Bloomberg.
See Original Article

His first reign of 2,803 days (May 1963-January 1971) is the longest single reign for the company's signature title, while his second reign of 1,237 days (December 1973-April 1977) is the fifth-longest the world heavyweight championship has been held. Sammarino was a staple at Madison Square
See Original Article

This comes on the heels of being honored as No. 7 for closed transactions in 2017 on the REAL Trends 500, which ranks the 500 largest brokers in the United States; and No. 8 for closed transactions in 2017 on RISMedia's Power Broker Top 500, which ranks the nation's top 500 residential real estate
See Original Article

MCLEAN, Va., April 18, 2018 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB:FMCC) announced today that it priced its new 2.5% two-year USD Reference Notes® security due on April 23, 2020. The issue, CUSIP number 3137EAEM7, was priced at 99.978 to yield 2.511%, 10 basis points more than the
See Original Article

Technocrat Yi Gang fended off heavyweight political contenders to become China's first new central bank governor in 15 years. On Tuesday, he showed why. In his first major policy move since replacing Zhou Xiaochuan last month, Yi oversaw a 1 percentage point cut in the reserve requirement for most
See Original Article

Berkeley Point Capital (BPC) has provided a $19.7 million Freddie Mac loan for the refinancing of Beneva Place, a 192-unit apartment community in Sarasota. Brian Kochan of BPC originated the fixed-rate loan through Freddie Mac's Green Up program on behalf of the undisclosed borrower. In order to
See Original Article

Rob Chilton and his wife Saria pose for a photo in their recently purchased home in Frisco, Texas. To cope with rising prices in Dallas, first-time buyers like Rob Chilton and his wife have broadened their search area, even if it lengthens their commutes to work. The couple, who cut back on dining out and
See Original Article

NEW DELHI: With cash running out in ATMs in parts of the country, the opposition accused the Modi government of mismanaging the economy and destroying the banking system, saying the dark days of demonetisation were back. Congress president Rahul Gandhi trained his guns at PM Modi, calling
See Original Article

Share of Xinyuan Real Estate Co., Ltd. (XIN) have caught the attention of the Wall Street community. The stock price is settled at $5.38 after trading hours. Taking a look at the daily price change trend and size of price movement it is recorded that XIN spotted a positive behavior with drift of 1.51%.
See Original Article

NEW YORK, April 18, 2018 (GLOBE NEWSWIRE) — Greystone, a lending, investment and advisory company, today announced it has provided a $29.2 million Freddie Mac loan for Andover at Crabtree, a multifamily property in Raleigh, North Carolina. Dale Holzer, managing director in Greystone's
See Original Article

New York's attorney general has launched an initial probe into 13 cryptocurrency exchanges, one of them being the Gemini exchange that's run by the Winklevoss twins, Cameron and Tyler. Coinbase, the U.S.'s biggest cryptocurrency exchange, was also included. Attorney General Eric Schneiderman
See Original Article

If you're wondering how Brantford, Ont. became our pick for the best place to buy real estate in Canada, take a stroll down a grocery store aisle to the Nutella section. The beloved chocolate hazelnut spread is made in Brantford. So are Tic Tacs and Ferrero Rocher chocolates. A plant operated by Tic Tac
See Original Article

Sekinah Hamlin, a North Carolina-based pastor and director at the Center for Responsible Lending, says the choice of conference venue is an obvious ploy to curry the president's favor. “We believe it's a conflict of interest,” says Hamlin, who was one of the dozen-plus protestors. “This administration has
See Original Article

David Hogg, the Parkland student who has become a leading activist on gun legislation, is taking two big investment firms to task for their holdings in gun companies. Via Twitter, Hogg called for boycotts of BlackRock (blk, +0.42%) and The Vanguard Group, which own large percentages of firearms
See Original Article

“They'll be disintermediated,” Lamneck tells Fortune. “We've seen so many industries where companies missed the wave because they're not embracing technology to really take them to that next frontier.” The other risk, predicts Lamneck, is companies will have difficulty hiring those smart, innovative
See Original Article

Growth was pretty constant between all of the divisions of the company as sales of cognitive solutions were up 5.8% to $4.30 billion, global business service revenues increased by 4.2% to $4.17 billion, and technology and service and cloud platform revenues rose by 5.0% to $8.62 billion. The smaller
See Original Article

The Senate today employed a little-used legislative procedure to reverse the Consumer Financial Protection Bureau's 2013 guidance on indirect auto lending. In a 51-47 vote, the Senate passed a Congressional Review Act resolution that would invalidate the guidance, which sought to impose limits on
See Original Article

COLUMBUS, Ohio – A House committee advanced a bill Wednesday morning that would cap fees and interest rates on payday loan businesses – after more than a year of the bill stalling and less than a week after the chamber's speaker, Cliff Rosenberger, resigned amid a reported FBI inquiry into his
See Original Article

At issue is a common practice by car dealers: They add a markup to the interest rates that lenders charge on loans and pocket it. Under Cordray, the CFPB contended that such mark ups were routinely higher for minorities, and warned it might punish lenders for not adhering to fair lending laws.
See Original Article

Retail's bloodletting continues. Department store operator Bon-Ton Stores is heading to federal bankruptcy court on Wednesday where a judge is likely to accept a winning bid for the retailer from liquidators, paving the way for its different chains to start shutting down in the coming weeks. The winning
See Original Article

New home prices across China registered month-on-month growth in March, data released today by the National Bureau of Statistics showed. In the four first-tier cities, Shenzhen was the only city that saw its new housing price decline from a month ago, but only by 0.1 percent. In Beijing, Shanghai and
See Original Article

An Indian startup planning to launch a crypto exchange has filed a complaint against the Reserve Bank of India's (RBI) decision to bar banks from engaging with crypto services. Kali Digital Ecosystems filed a writ petition with the High Court of Delhi on Tuesday against the RBI, the Ministry of Finance
See Original Article

In addition, individuals with net assets in excess of 2 million pounds, or about $2.9 million, can qualify for a cap on their income tax if they buy a luxury property and meet other conditions, Mr. Lugaro said. BUYING BASICS. There are no restrictions on foreign buyers, said Christina Wright, a lawyer in
See Original Article

According to Yadegari, 17 foreign and 26 Iranian companies are attending the Film Market, and talks are still ongoing with regard to buying some distribution rights. Foreign distributors have already done their homework. They have established business contacts with Iranian producers and production
See Original Article

Sign up: Click here to subscribe to the Broadsheet, Fortune's daily newsletter on the world's most powerful women. “Literacy is her major legacy,” said Myra Gutin, a professor of communication at Rider University and the author of Barbara Bush: First Lady of Literacy. “She had been interested in literacy
See Original Article

Santander Bank announced that international banking veteran Wendy Devenish has been appointed to head the Bank's foreign direct investment business in its Commercial Banking division. In this new role, Devenish is responsible for working with U.S. subsidiaries of foreign-owned companies that
See Original Article

An International Monetary Fund staff report has expressed doubt that New Zealand's much-debated ban on the sale of certain homes to “non-residents” would have “a significant impact on housing affordability”. The IMF's statement was published on the Washington-based organisation's website
See Original Article

Goodman and Zhu used loan-level credit data from all of Fannie Mae and Freddie Mac's (the GSEs') fixed-rate, fully documented and amortizing mortgages issued from 1999 through 2016 and involved in the GSEs' credit risk transfer transactions. They first sorted the loans by their payment history over
See Original Article

Mortgage Insurers Fall After MGIC's Results Leave Investors Rattled … MGIC Investment Corp., the mortgage insurer that triggered double-digit share declines among peers when it cut borrower-paid premiums last week, deepened its decline after its first-quarter earnings report failed to restore investors'
See Original Article

From Huawei to LG, many Android phone makers have been incorporating a notch — a cutout at the top of the smartphone's screen, which is a prominent feature of the iPhone X. But how long will Apple itself keep the notch? It seems that even Apple is over its own notch design. South Korea's Electronic
See Original Article

ALBUQUERQUE, N.M. (AP) — Family, friends and community leaders are mourning the death of a bank executive on a Southwest Airlines jet that blew an engine as she was flying home from a business trip to New York. Jennifer Riordan, a mother of two, was well known in New Mexico, where she had
See Original Article

Real estate agents don't do all that hard work for nothing; they expect a commission, which will typically equal 5% to 6% of the price your home sells for. But there's room for negotiation. When you talk to agents, see what fees they're looking to charge and whether there's wiggle room to come down a
See Original Article

Starbucks Executive Chairman Howard Schultz spoke out after the coffee giant announced it would close 8,000 stores in May for racial bias training following the controversial arrest of two black men at one of its Philadelphia stores. “I'm embarrassed, ashamed. I think what occurred was reprehensible at
See Original Article

Senate Majority Leader Mitch McConnell slammed the auto-lending rule on Tuesday as a “brazen attempt” by the CFPB to “interfere in the auto industry.” The auto dealer industry applauded the Senate vote to repeal what it called “flawed” guidance from the CFPB and urged the House to follow suit.
See Original Article

Ahead of GDPR, Facebook debuts enhanced privacy controls for all users globally, starting in EU, with more choices about ads, allowing face recognition, more — In recent weeks we've announced several steps to give people more control over their privacy and explain how we use data.
See Original Article

Last year was unusual in many ways for financial markets. When expectations for how events normally unfold become challenged by data way outside its normal range, it is easy to imagine the world has gone mad. A science-fiction genre exists where the protagonists have jumped to (or awoken in) an
See Original Article

Guild Mortgage has launched Guild 360, a sales, marketing and customer relationship management platform powered by Salesforce. With Guild 360, Loan Officers have a comprehensive array of new information support tools to better connect with each customer and enhance their individual borrowing
See Original Article

Firefly hosts first-time homebuyer seminars. Burnsville-based Firefly Credit Union has launched its First Time Homebuyer Program and will host seminars for those new to the home search process. The seminars will cover steps in the mortgage financing process from application to closing. A local realtor
See Original Article

More than a decade after the housing bust, most Americans agree that a house is a good investment. But there are interesting differences depending on where they live, annual surveys conducted by the New York Federal Reserve show. Rising home prices have inspired confidence in the housing
See Original Article

When you get a mortgage or any other kind of loan, it's common to think that you make a set payment every month. It just continues that way until 30 years down the line when you finally pay it off … right? With a mortgage, your principal and interest payment may not change if you have a fixed-rate loan.
See Original Article

California's Division of Occupational Safety and Health has opened an investigation into Tesla Inc. following a report about worker protections at the company's lone auto plant in Fremont, California. The state agency “takes seriously reports of workplace hazards and allegations of employers'
See Original Article

FILE – This Sept. 6, 2012, file photo, shows the Amazon logo in Santa Monica, Calif. Amazon is looking to expand its dominance globally, announcing international customers can now buy more than 45 million items via its app. The move positions Amazon to capture shoppers abroad the same way it has
See Original Article

“We continue to benefit from the current conditions of the employment and housing markets, favorable demographics that are helping fuel the purchase mortgage market, and a higher interest rate environment,” said Patrick Sinks, chief executive officer of MGIC Investment Corp. and Mortgage Guaranty
See Original Article

As well as being a huge Saints fan, Laliberte also owns Bayou Title, Inc., the largest real estate title company in Louisiana, having 19 locations statewide as well as an office complex in Gretna, La. Brent, along with his wife Kathy, use the Saints games to spend quality time with their family of four children
See Original Article

The 39-year-old commercial real estate broker for years has served as a public address announcer for numerous sports teams up and down the East Coast. He also is wrapping up a yearlong stint as president of the Commercial Brokers Association, a 400-plus member organization representing the
See Original Article

Starbucks is wasting no time addressing the uproar after two black men were arrested at a Philadelphia store last week for the crime of being black in public. Their actions have been, thus far, honest and inspiring. “I'm embarrassed, ashamed. I think what occurred was reprehensible at every single level.
See Original Article

A new report, the Annual Mortgage Bankers Performance Report, from the Mortgage Bankers Association held bad news for loan officers: profits are down. But just how much did lenders lose last year? The video below breaks it down.
See Original Article

Separately, a new data analysis conducted by the National Association of Realtors (NAR) and Realtor.com identified the statewide markets with the lowest housing affordability as Hawaii, California, Oregon, the District of Columbia, Montana and Rhode Island. Households with the median income level
See Original Article

This Research Report manages lending tasks including parentage, collateral, closing, and documentation for related services, title companies, Industry Chain Structure, Business Strategies. Glycoprotein Industry Market research report shows a comprehensive overview of market size and growth rate of
See Original Article

First, the illegal ivory trade isn't organized by a transnational crime syndicate or international gang. Rather, local traders buy and sell from and to a variety of sources, depending on what opportunities arise. Particular locations — such as border towns — act as key nodes, destinations and transit hubs
See Original Article

“He had an accomplice,” Police Chief Gunnar Schram told Visir, an online news outlet in Iceland. “We are sure of that.” A passenger on the same flight to Sweden as the inmate told national broadcaster RUV that Iceland's prime minister, Katrin Jakobsdottir, was also on that flight. Jakobsdottir was among
See Original Article

Jonathan Miller, the author of the Elliman Reports and leading industry authority on US residential market trends recently stated, “StreetWire's decentralized network has the potential to become the authoritative source for real estate market data.” The key to StreetWire's confidence about real estate data
See Original Article

The Russian authorities' first experiment with blocking a popular messenger application — Telegram — is not working out so far. The web censorship agency, Roskomnadzor, has blocked millions of internet addresses to beat Telegram into submission, but it's still widely available even without any bypass
See Original Article

Southwest Airlines is racing to do an inspection of all of the engines in its aircraft similar to the one that exploded Tuesday, resulting in several injuries and the death of a New Mexico woman following an emergency landing in Philadelphia. On Tuesday night, hours after Southwest Airlines Flight 1380
See Original Article

The company, whose investors include Microsoft Corp. co-founder Bill Gates and the personal venture fund of Amazon.com Inc. founder Jeff Bezos, is working with advisers on the new round, said the people, who asked not to be identified because the deliberations are private. A final decision hasn't
See Original Article

The committee hearing room was packed – with consumer advocates, payday lending representatives and interested onlookers, and also with questions and tension. Ted Saunders is the CEO of suburban Columbus based CheckSmart and heads the Ohio Consumer Lenders Association, and he
See Original Article

Real estate trends also reveal that a square foot is priced at $1,000. In terms of travel, there are only a few hotels that operate on the island. Hefty membership fees are also required before getting to use the island's amenities, namely an initial contribution of $250,000 and an annual fee of $20,330.
See Original Article

Sherrod Brown (D-OH) – ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs – released the following opening statement at today's hearing on the nominations to the Federal Transit Administration, the Department of Commerce and the Department of Housing and
See Original Article

Often, as in Chicago, a leading driver of co-op development was to provide housing for Black people and others who were denied housing on account of their race. Housing co-ops, in fact, were one of the few areas of the housing market where Blacks were able to avoid a highly discriminatory mortgage
See Original Article

And he has opened up the issue of the government's refusal to call the inquiry until threatened with rebellion from its own MPs, including Nationals backbenchers then led by Mr Joyce. “In the past I argued against a Royal Commission into banking. I was wrong,” he said in a tweet late Wednesday night.
See Original Article

So it appears one of China's most-prominent bad banks also has a bad apple. Lai Xiaomin, party chief and chairman of state-controlled China Huarong Asset Management Co., is under investigation for “disciplinary and legal violations,” the Central Commission for Discipline Inspection said in a
See Original Article

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have received an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has issued a strong buy
See Original Article

Throughout the state, thousands are expected to lose their jobs and vacant retail space will flood the real estate market. Data from the commercial real estate information firm CoStar indicates that Bon-Ton had around 27 Wisconsin locations, totaling 2.77 million square feet of real estate, through October
See Original Article

Qualcomm Inc. has begun cutting jobs as part of the chipmaker's promise to investors to reduce costs by $1 billion, according to people familiar with the process. The number of positions being eliminated at the San Diego-based company is large enough that Qualcomm will have to file a so-called WARN
See Original Article

In March, the percentage of closed purchase loans increased by 6 percent over February, according to the latest Origination Insight Report from Ellie Mae. That brings the total percentage of closed purchase loans to 62. Closing rates on purchase loans took a slight uptick to 76.3 percent. At the same
See Original Article

NEW YORK, April 18, 2018 (GLOBE NEWSWIRE) — Greystone, one of the nation's preeminent real estate lending, investment and advisory companies, announced that it has welcomed National Apartment Advisors of Texas to the Greystone network. The new joint venture, Greystone NAA, focuses on
See Original Article

Bloomberg has reported that the California Public Employees' Retirement System; a CBRE subsidiary; Future Fund and TIAA's TH Real Estate will join Brookfield's acquisition by investing $4 billion in portions of GGP's retail portfolio, citing people with knowledge of the merger. The report did not include
See Original Article

China is likely to have a financial crisis as its citizens' savings growth rate turned negative last year for the first time, according to a Chinese financial expert. According to the statistics from the Central Bank of China, from January to November 2017, citizens' savings increased by 3.82 trillion yuan ($608
See Original Article

IBM shares tanked on Wednesday after the company reaffirmed its profit forecast for 2018 a day earlier, disappointing investors who had hoped for even greater profits. Shares of enterprise giant fell 7.53% to $148.79. IBM said that its fiscal year profit would be $13.80 per share, just shy of Wall Street's
See Original Article

Armando Jimenez, 53, a Mexican national and co-conspirator, was sentenced to 18 months in prison. U.S. District Judge Ricardo H. Hinojosa ruled that Garza had abused his position to facilitate the wire fraud scheme, noting that “the public trusts people in public office to do the right thing,” and “that trust
See Original Article

Even though working remotely is very common, it doesn't seem synonymous with Fortune 500 companies. After all, these are the companies that represent two-thirds of the U.S. GDP with $12 trillion in revenues, $890 billion in profits, $19 trillion in market value, and employ 28.2 million people worldwide.
See Original Article

In addition to providing traditional banking services, the Bank operates a wealth management division under the name First Bank Wealth Management. First Bank also owns First Bank Financial Services, Inc., which invests in entities that provide investment services and title insurance. CONTACTS
See Original Article

Shares of social media giant Facebook Inc. fell Wednesday after the stock got its first downgrade since January. Research firm OTR Global cut its rating to mixed versus positive amid concern that year-over-year growth in advertisement spending moderated in the first quarter of 2018. The last downgrade
See Original Article

Citing national security concerns, CFIUS blocked several high-profile deals over the past year, including Ant Financial's attempt to buy MoneyGram International for US$1.2 billion and the proposed US$117 billion purchase of Qualcomm by Singapore-based Broadcom. The rejections took some analysts
See Original Article

The $1.77 billion Punjab National Bank (PNB) scam, possibly the biggest financial chicanery to have hit the Indian banking sector, is rocking the nation. Perpetrated by a diamond tycoon in collusion with bank officials, defrauding India's second largest bank in such a manner seems astonishing.
See Original Article

For long-term investors, international exposure is an important part of a sensible, well-diversified portfolio. Often, however, the decision to externalise money from South Africa has been a knee-jerk response to rand weakness. This was (anecdotally) confirmed by advisors who were polled about the
See Original Article

LOS ANGELES (AP) – Higher mortgage rates are making the already challenging task of buying an affordable home even tougher for many Americans this spring. In metro areas such as Denver, buyers are rushing to close a deal before mortgage rates get too high. In Dallas, some are embracing longer
See Original Article

Obtaining a California underwritten title company license is generally a lengthy process. Once the application is filed with the California Department of Insurance (CDI), it can take a minimum of 6 to more than 12 months until the license is granted. Within the past year, rumors have circulated that the time
See Original Article

After the Government Accountability Office determined late last year that the consumer bureau's 2013 guidance on auto lending was technically a rule that could be rolled back, Republicans, led by Senator Patrick J. Toomey of Pennsylvania, targeted it for rescission by utilizing the Congressional Review
See Original Article

Want to stay up to date with the Bay State's business world? Follow the Globe's LinkedIn page for constant alerts. REAL ESTATE. Mortgage rates. New numbers for the average 30-year, fixed-rate mortgage will be released Thursday. Last week, Freddie Mac reported the average 30-year, fixed-rate
See Original Article

Athora Holding Ltd, a portfolio company of Apollo Global Management, is buying Generali Belgium SA for about 540 million euro ($668.5 million). Generali Belgium provides insurance solutions to retail and corporate clients through a network of over 1,000 independent brokers. Goldman Sachs
See Original Article

The tech giant has launched a new international shopping feature that will allow people in several countries to buy products from its U.S. marketplace. Those products are then exported from the U.S. According to Reuters, which earlier reported on the move, Amazon customers will be able to buy more
See Original Article

NEW YORK – The U.S. Senate on Wednesday invalidated Obama-era guidance aimed at preventing auto lenders from charging borrowers higher rates based on factors such as race or national origin. The Senate voted 51 to 47 to disapprove the guidance, which was issued in 2013 by the Consumer
See Original Article

They are in to chat with us about the current Real Estate Market and trends and tips to be up on. – Ryan Nobles of CNN is on this morning to talk about the latest Presidential/Washington D.C. drama. Filed Under: bill and robin mongeau, joe marino, keeler in the morning, Peter Franklin, rachel sutherland,
See Original Article

“Hall Group is a preeminent developer, known to be at the vanguard of commercial real estate trends, and we welcome them as a partner at our location in the newest Hall Park building,” Serendipity Labs' John Arenas said in a statement. “Their investment in our vision of the brand at the corporate level
See Original Article

LOS ANGELES–(BUSINESS WIRE)–Finance of America Mortgage (“FAM”), a national, full service mortgage banker, announced that Santa Clarita mortgage veteran Mike Ross has joined the company as a branch manager and will be tasked with growing the FAM retail presence in the Santa
See Original Article

Recovering mortgage lender Home Capital Group Inc. has restated data on its residential home loan balances after detecting an error in a monthly filing with Canada's banking regulator. Data for February submitted by the company initially made it appear that the balance of insured residential
See Original Article

Ideal Lending Solutions has introduced Protection+, residential mortgage coverage for homebuyers that reimburses them up to their full downpayment if they need to sell at a loss due to market conditions. The established South Florida mortgage lender is offering it for free on owner-occupied, fixed rate
See Original Article

It's been a good year for the payday lending industry. Shortly after taking over as head of the Consumer Financial Protection Bureau, White House Budget Director Mick Mulvaney put tough new regulations for the industry on hold. Since then, stocks for publicly traded payday lenders have shot up.
See Original Article

Focusing on Hamilton County, Ohio, home to the city of Cincinnati, our researchers examined application and origination activity during the past 26 years (1990–2016) and dove into trends during the 13-year period from 2004 to 2016. Using maps and a series of figures and tables, we tell the story of
See Original Article

Shares of Manitex International Inc. (NASDAQ:MNTX) have received a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating. Manitex International's
See Original Article

In a “precedent-shattering” 51-47 vote on Wednesday that could set the stage for the GOP to kill a slew of longstanding consumer and environmental regulations, Senate Republicans—joined by Sen. Joe Manchin (D-W.Va.)—approved a measure to repeal a 2013 CFPB guidance aimed at protecting
See Original Article

COLUMBUS, Ohio (WDTN) – Some view today's passage of House Bill 123, a payday lending reform bill that seeks to close loopholes left open by a 2008 law that allows lenders to get around a 28% interest rate cap, as a victory for the little guy. In this case the little guy could be borrowers who have
See Original Article

International observers, including the United Nations, expressed concern over this crackdown on dissent in the weeks running up to the vote. Al-Sisi is no stranger to harvesting Facebook likes. His official Facebook page boasts 7.2 million likes, with an additional 1.7 million followers on Twitter.
See Original Article

Last year's housing market was one for the record books, with the gains partly driven by tightening inventories and exceedingly low mortgage rates. In some pockets of the country, housing prices rose well over 10 percent on average. But, it's not only the big coastal cities that are seeing huge growth.
See Original Article

We're only four months into 2018, but if you're of an optimistic disposition you will be feeling good about this year already. Banking is an industry in which pay is aligned to revenues. And in 2018, revenues in investment banks are (so far) growing. Morgan Stanley is the latest bank to report its results for
See Original Article

Congratulations. You've paid your mortgage for the year. Or at least you would have done if every penny you've earned every day since 1st January had gone towards it. This week marks the point in the year that the average earner bringing in £27,700 with the average mortgage repayment costs of
See Original Article

Senators Pat Toomey and Jerry Moran were especially passionate about rolling back safeguards against racial discrimination in auto-lending. But that rule, like so many other Democratic assaults on individual liberty, had been established years ago — and thus lay outside the reach of the CRA.
See Original Article

In episode 13 of our Center for REALTOR® Development podcast, guest Bobbi Decker joins Monica Neubauer to talk about their experiences with the senior market and as Seniors Real Estate Specialist Designation® (SRES®) instructors. Decker, who has been in real estate for 35 years, got started
See Original Article

The Baton Rouge real estate market is shaking off the effects of the August 2016 floods, which boosted demand for apartments and led to a surge in homebuying, and the surge in petrochemical construction, which led to increased demand for industrial and office space. Speakers at the annual Trends in
See Original Article

I'm going to defend this title to the death…he's still very good, but not at the same level…ever since the knockout loss Pacquiao suffered at the hands of Juan Manuel Marquez.” Pacquiao will not only be challenging Matthysse for the WBA title, he will also be co-promoting the fight with his company MP
See Original Article

Facebook Inc. is building a team to design its own semiconductors, adding to a trend among technology companies to supply themselves and lower their dependence on chipmakers such as Intel Corp. and Qualcomm Inc., according to job listings and people familiar with the matter. The social media
See Original Article

Occasional sighting of Bitcoin whales are leaving advocates of the biggest cryptocurrency anxious after what's already been a choppy week of trading. Sudden market swings in the cryptocurrency this week have left price charts looking like a jack-o-lantern's smile. And some investors are blaming the
See Original Article

WASHINGTON, DC (April 18, 2018) — Today, the Senate voted 51-47 in favor of the CUNA-backed disapproval for the Consumer Financial Protection Bureau's (CFPB) indirect auto lending bulletin. CUNA wrote a letter to Congress on Tuesday supporting S.J. Res. 57, which would void the bulletin using
See Original Article

A senior Commonwealth Bank executive has been accused of intentionally giving misleading answers to the banking royal commission over how the bank treated its customers. CBA executive general manager commonwealth private Marianne Perkovic was taken to task by counsel assisting the
See Original Article

Sen. Ron Johnson, a Wisconsin Republican, discusses a possible meeting between North Korean leader Kim Jong Un and President Donald Trump, the missile strikes in Syria, and trade sanctions on Russia. He speaks with Bloomberg's Shery Ahn and David Westin on “Bloomberg Markets: Balance of
See Original Article

RIGA, April 18 (Xinhua) — The number of people in Latvia expecting housing to become increasingly costly in following months has been on the rise for several months already, the latest SEB Housing Price Indicator showed Wednesday. These expectations have been fueled by people's growing income
See Original Article

The largest manufacturer of bump stocks, which allow semiautomatic weapons to fire rapidly like automatic firearms, announced Wednesday that it will stop taking orders and shut down its website next month. The announcement comes about a month after President Trump said his administration would
See Original Article

Wrestling icon Bruno Sammartino has died at the age of 82, World Wrestling Entertainment announced on Wednesday. Sammartino is recognized as the longest-reigning WWF/E Champion in history, holding the company's premier title for nearly eight years. Born in Italy, Sammartino moved to Pittsburgh
See Original Article

The Phoenix Theatre is hoping to get some help from the city of Indianapolis to finalize financing for its $11 million new home. The building is nearing completion downtown at the northeast corner of Illinois and Walnut streets, and has a grand opening scheduled for April 28. The theater has raised about
See Original Article

What authority does the European Union have over your real estate business? That's a tricky question, but an E.U. rule that takes effect next month could end up affecting your business in some manner. That's because any European that comes to your web site to browse listings will be covered by what's
See Original Article

JPMorgan Asset Management is aiming to beat other investment managers in its research coverage of mainland Chinese equities as the country's share market opens up to overseas investors. A number of international fund managers are increasing their investment in A-shares listed on the Shenzhen
See Original Article

The currency isn't fully reacting to electoral risk as investors wait until the vote gets closer and as positive news on a Nafta deal becomes the main driver for investors, according to Marco Oviedo, chief Latin American economist for Barclays Plc. The Reforma survey interviewed 1,200 people between
See Original Article

The April 21 event at the Chase Center on the Riverfront, running from 8 a.m. to 3 p.m., offers educational seminars on every aspect of homebuying, as well as the chance to connect with service providers in the real estate, financing, and home buying fields. The event, in its eighth year, typically draws
See Original Article

For centuries, loans and mortgages have been sourced from local banks, credit unions, and financial institutions with brick and mortar presences. However, the rise of the internet has made the average person more comfortable with the idea of handling important financial transactions online and paved
See Original Article

Robert Mercer is the fabulously wealthy computer scientist who helped bankroll the Trump presidency. Bloomberg Businessweek's Zachary Mider discovered that Mercer also wears a badge. This is a profile of Mercer and the latest chapter in the many incredible-but-true stories about the secretive hedge
See Original Article

A Toronto real estate finance company has closed a $5.3 million land banking transaction in Atlanta for a large national homebuilder. The deal closed April 16 was the first in Atlanta for Terra Firma Capital Corp., according to a company statement. The location of the land and the name of the
See Original Article

An increasing amount of millennials now favor conventional financing over loans from the Federal Housing Administration, according to Ellie Mae's Millennial Tracker. The report found that 68 percent of all mortgage loans in February were conventional, while FHA loans were unchanged from January at
See Original Article

Admiral James Stavridis, retired U.S. Navy admiral and former military commander of NATO, current dean of the Fletcher School at Tufts University and Bloomberg View contributor, on Mike Pompeo speaking with Kim Jong Un, and the conflict in Syria. Justin Sunerok, Founder and CEO of Verge, on their
See Original Article

“Our share of our U.S. consumer customers' lending business is about half of our share of their spending — we are confident these numbers will grow,” AmEx Chief Executive Officer Stephen Squeri said last month at the company's annual investor day. “We intend to use big data analytics and our
See Original Article

Average LHI, excluding mortgage finance loans, for the first quarter of 2018 were $15.4 billion, an increase of $415.3 million, or 3 percent, from the fourth quarter of 2017 and an increase of $2.4 billion, or 19 percent, from the first quarter of 2017. Average total mortgage finance loans (including Mortgage
See Original Article

As someone who grew up in San Jose and has worked in tech for many years, I never thought the day would come when I would feel financially squeezed by the high cost of housing. But that day has come. Rents for nicer apartments in the South Bay are anywhere from $2,500 to $3,300. In most parts of
See Original Article

Mars, McDonald's, Staples and several other companies have signed on to support the American Forest Foundation (AFF), GreenBlue, the US Forest Service and Esri in the development of a new forest sustainability tool. The digital mapping tool, called Forests in Focus, will complement forest
See Original Article

“Now, some in Congress are calling for the repeal of the auto loan guidance. Congress should be standing with Americans subjected to the injustice of discrimination, not interfering with efforts to enforce fair lending laws.” On top of advocating for the continuation of the CFPB's rules, the Fair Housing
See Original Article

FREMONT, Calif. (AP) — A condemned Northern California house with holes in the roof and mildew in the pipes sold last month for $1.23 million, a price tag that highlights how a housing shortage is fueling skyrocketing home prices in the San Francisco Bay Area. Listing agent Larry Gallegos said
See Original Article

The Real Estate (Regulation and Development) Act, 2016, mandatorily requires promoters to register all real estate projects with the Real Estate Regulatory Authority (RERA) in their respective States. This registration is vital for any real estate project, because even the marketing of a project without this
See Original Article

If banks would enable Amazon's digital voice assistant Alexa, more than half of consumers would use it to make routine banking requests, according to a new study. Nearly half (47%) of consumers would use Alexa to check account balances and review recent transactions (43%), according to the study,
See Original Article

Average sales price of homes also increased by almost $1,000, though the average square foot price increased by just one dollar to $112. The average time for a home to stay on the market decreased from 66 days to 60, a dip attributed to the 2016 flood aftermath that Peterson expects to stabilize over
See Original Article

A standard has been released that could end the need for passwords to online banking. The specification, called WebAuthn, provides a common way for browsers to accept fingerprint, facial and other forms of biometric authentication from a smartphone, desktop or USB-connected hardware.
See Original Article

“As demand has outpaced supply in the housing market over the past three years, buying a home has become an exercise in speed and agility,” said Aaron Terrazas, a senior economist at the site, in a statement. “This is shaping up to be another competitive home shopping season for buyers, who may
See Original Article

Advocates for fair lending say discrimination still exists in auto lending, despite regulatory guidance, because of the bureau's limited scope and resources. “There has not been the level of enforcement that there needs to be to really address the problem,” says Debby Goldberg, vice president of special
See Original Article

“Investment banking as an example is highly competitive and anything that provides an advantage will be seized upon, although investment banks could use AI … The study, Enhanced Bankers – The Impact of AI, also highlights a lack of understanding around AI & ML as specifically applied to improving
See Original Article

The big banks are five for five after Morgan Stanley beat Wall Street's expectations Wednesday. The Q1 reporting season is off to a strong start as stocks try to extend gains and continue the positive momentum generated earlier this week. Volatility continues to sag. Morgan Stanley got the new day off
See Original Article

The Senate on Wednesday voted to kill a five-year-old Obama administration policy warning auto lenders not to discriminate against minority borrowers. The legislation, which passed 51 to 47 largely along party lines, is the latest Republican rebuke of the Consumer Financial Protection Bureau's history
See Original Article

A federal judge sentenced former La Joya school board Trustee J.J. Garza to 37 months in federal prison Wednesday for conspiracy to commit wire fraud. U.S. District Judge Ricardo Hinojosa sentenced Juan Jose “J.J.” Garza, 50, of La Joya — who headed the La Joya Housing Authority and served on
See Original Article

Sony Pictures is taking on California's Knee Deep Brewing Company over the name of one of its IPAs: Breaking Bud. The “Breaking Bud” beer is one of Knee Deep's best-selling brews and earned a bronze medal at the 2016 Great American Beer Festival. The beer was introduced in 2015 and portrays a
See Original Article

Mortgage companies that want to take advantage of the latest tech solutions have more options than ever before, but figuring out the right infrastructure for their business is complicated. After a panel on managing infrastructure at the MBA Technology Solutions Conference in Detroit on Wednesday, we
See Original Article

Replacing the inefficient and insecure old methods of buying used watches, which included local jewelers and eBay , a host of new online … with younger buyers who, may not feel the need to go into a retailer and try on a watch,” said Michael Thompson, the editor of the International Watch website.
See Original Article

Huawei is helping banks and telcos deliver mobile financial services to 152 million people in 19 developing nations across the globe … Bringing financial services to millions of people in the developing world who previously had limited access to banking, has the potential to revolutionise the lives of
See Original Article

Share of Alexandria Real Estate Equities, Inc. (ARE) have caught the attention of the Wall Street community. The stock price is settled at $124.25 after trading hours. Taking a look at the daily price change trend and size of price movement it is recorded that ARE spotted a positive behavior with drift of
See Original Article

Newmark Security PLC (LON:NWT) said its wholly-owned subsidiary Safetell Limited has received a formal contract extension for the supply of physical security equipment and preventative maintenance to the UK branch network of a leading worldwide supplier of retail banking services. The AIM-listed
See Original Article

On paper, there's no reason for Baton Rouge not being like the often-compared Texas capital city of Austin, said economist John Tuccillo, who delivered the keynote address today at the 2018 Trends in Baton Rouge Real Estate seminar. Maybe. But no one at the moment is confusing Baton Rouge with
See Original Article

The fastest-selling market in 2017 was San Jose, Calif., where the typical home sold in 41 days. …. Zillow is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the place they call home, and connecting them with the best local
See Original Article

The new report, which is launched on Tuesday, focuses on international buying behaviours and looks at exporting from a consumer perspective. It highlights the need for industry to monitor and adapt to the needs of each marketplace to create more opportunities. Produced for those currently exporting,
See Original Article

Michigan's last remaining horse racetrack could soon disappear and become a 48-acre residential development for new single-family homes, townhouses and multifamily housing. Michigan's last remaining horse racetrack could soon disappear and become a 48-acre residential development. According
See Original Article

Highland Group's annual report for the Corporate Housing Providers Association of Indianapolis offers a thorough overview of the corporate housing sector in Canada. Providers of corporate housing serve both companies seeking to house employees and insurers requiring accommodation for
See Original Article

Low inventory conditions negatively affected home sales in Westchester and Rockland during the first quarter of 2018. (Video by Akiko Matsuda/The Journal News) Wochit. by Taboola by Taboola. AD CONTENT. Tophatter · It's Like Ebay, but Everything Sells in 90 SecondsTophatter. Undo. Credit.com.
See Original Article

The healthcare industry is slated to cash in $100 billion in tax benefits during the next 10 years, according to a report from Democratic Oregon Sen. Ron Wyden. Mr. Wyden said earnings calls and supporting documents from 20 of the 37 Fortune 500 healthcare companies projected the new tax law will
See Original Article

The owner of Clydesdale and Yorkshire banks has revealed an extra £350 million hit after seeing soaring payment protection insurance (PPI) claims … Banking analyst Gary Greenwood at Shore Capital said: “Without doubt, this is a bit of a disaster for CYBG, with the original indemnity provided by
See Original Article

The lodging sector of the commercial real estate industry recorded its eighth consecutive year of increasing profits in 2017, according to CBRE Hotels' Americas Research's latest “Trends in the Hotel Industry.” Despite a slowing in the rate of revenue growth, total operating revenue was up last year by
See Original Article

Primary Residential Mortgage Inc. (PRMI) has announced that Senior Vice President and General Counsel Darryl Lee has been promoted to Executive Vice President … Previously, he practiced as an attorney with a national law firm, first in its Washington, D.C. office and then in its San Francisco office.
See Original Article

BMO Capital Markets strategists, who have remained firm on their forecast that the yield curve will invert in 2018, said in a note Tuesday that there could very well be “a tactical bump steeper as momentum is exhausted.” Yet trading flows Wednesday indicated lasting wagers on narrowing spreads.
See Original Article

Those green tea supplements might not be as healthy for you as you think. Consuming too many of the supplements can have a harmful effect on your liver, according to the European Food Safety Authority (EFSA). Taking a green tea supplement is a bit different than drinking green tea, which the agency
See Original Article

Anyone born in Cuba can buy property, including exiles if they re-establish legal residency. Foreigners are still barred from buying land but in a separate reform the government allowed foreign investors to lease government land for up to 99 years. ———. LEGAL MIGRATION: In 2013, Castro ended
See Original Article

SALT LAKE CITY, April 18, 2018 /PRNewswire/ — This July, SecurityNational Mortgage Company (SNMC) celebrates its 25th anniversary. From an inauspicious start as a single location in Salt Lake City, Utah, SNMC has grown to over 100 branches across the United States. Last year, the company's
See Original Article

The golden years are likely to be tarnished for nearly half the country. A new survey from GoBankingRates finds that 42% of Americans have saved $10,000 or less for retirement, while 14% have absolutely no money put away. It gets even worse for millennials. Nearly 19% of people between 18-34 have
See Original Article

Investors Real Estate Trust (IRET):. Share of Investors Real Estate Trust (IRET) stock price is settled at $5.42 after trading hours. Taking a look at the daily price change trend and size of price movement it is recorded that IRET spotted a positive behavior with drift of 0.93%. Every trading day indicate
See Original Article

Fannie Mae and Freddie Mac representatives also attended the meeting and shared tips and information about their latest required technology implementations, including the Uniform Residential Loan Application and the Uniform Closing Dataset. Cyber security was another theme at the conference,
See Original Article

Wrestling icon Bruno Sammartino has died at the age of 82, World Wrestling Entertainment announced on Tuesday. Sammartino is recognized as the longest-reigning WWF/E Champion in history, holding the company's premier title for nearly eight years. Born in Italy, Sammartino moved to Pittsburgh as
See Original Article

KeyBank Real Estate Capital has originated $14.7 million in Fannie Mae, first mortgage financing for The Grand apartment development, in Grand Blanc, Michigan. The 102-unit, garden-style multifamily property was developed between 2014 and 2017. Todd Linehan of Key's Commercial Mortgage
See Original Article

Senator Pat Toomey, a Republican from Pennsylvania who is on the U.S. Senate Banking Committee, said this week the committee plans to repeal the Consumer Financial Protection Bureau's guidance on auto lending that was meant to prevent lenders from giving non-white borrowers more expensive
See Original Article

Builder explains housing market challenges. 19:15, UK, Wednesday 18 April 2018. Housing. Video: Ian Sutcliffe, the boss of the country's eighth-largest housebuilder Countryside Properties, tells Ian King its focus on affordable homes is paying off but it isn't easy for buyers.
See Original Article

Chipotle is looking to embrace some of the practices that have made its fast-food competitors successful, namely offering breakfast and a drive-thru option. Billionaire Chipotle investor Bill Ackman spoke about the chain during a conference Tuesday, suggesting there were a number of opportunities for
See Original Article

A billionaire banking heir has died while being treated for drug addiction. Matthew Mellon was just 54 when he died at the rehab centre where he was being treated in Cancun, Mexico. His cousin, Peter Stephach, confirmed his death yesterday but declined to give any more details about his death.
See Original Article

BEDMINSTER, NJ, April 18, 2018 (GLOBE NEWSWIRE) — Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank proudly announce the launch of a Professional Services Group, which will be led by William C. Gascoigne. This team will focus on
See Original Article

The Government has hit back at International Monetary Fund claims that New Zealand's foreign buyer ban is “discriminatory” and says Kiwi homes should not be traded on the global market. IMF officials, in New Zealand this week, called the Overseas Investment Amendment Bill “discriminatory” and
See Original Article

SAN FRANCISCO (KRON) – – On today's edition of Rob Black's Winners and Losers, our financial expert Rob Black and KRON4's James Fletcher discuss high mortgage rates this spring, Facebook introduces 'permission screens' and the latest gaming phenomenon. Loser: Higher mortgage rates are
See Original Article

PLEASANTON, CA (April 18, 2018) — Patelco Credit Union has hired Richard Wada as its senior vice president (SVP), chief lending officer (CLO), headlining executive leadership changes at the credit union that includes the promotion of Sue Gruber to executive vice president (EVP), chief financial
See Original Article

Brands include American Banker, PaymentsSource, The Bond Buyer, Financial Planning, Accounting Today, Mergers & Acquisitions, National Mortgage News, Employee Benefit News and Health Data Management. Read the full story at http://www.prweb.com/releases/2018/04/prweb15419229.htm.
See Original Article

Tenants renting single-family homes make up the fastest growing segment of the U.S. housing market, but they are vastly overlooked, unable to benefit from some protections enjoyed by tenants living in apartments, the Terner Center researchers found. It's an issue in the Bay Area — where high home
See Original Article

Microsoft-owned professional networking platform LinkedIn on Wednesday rolled out videos for “Sponsored Content” and “Company Pages” to help … ads to build brand awareness with rich visual stories and target the right audience by traits such as job title, seniority, company name, industry and skills.
See Original Article

California's Division of Occupational Safety and Health has opened an investigation into Tesla and workplace hazards at its Fremont., Calif., factory in the midst of an aggressive move by CEO Elon Musk to run the plant around the clock to meet production targets for its new Model 3 electric vehicle.
See Original Article

NEW DELHI: At a time when the banking sector in the going through a topsy-turvy phase, the TRA Brand Trust Report 2018 on Wednesday said the State Bank of India was the most trusted bank (both public and private sector) in the country and ICICI Bank topped the chart among the private ones.
See Original Article

To arrive at these numbers, Freddie Mac analyzed the present value of the rate reductions from additional searching and computed savings based on … are more likely to get a better interest rate and save money in both the short- and long-term,” said Len Kiefer, Deputy Chief Economist at Freddie Mac.
See Original Article

H.I.G. Capital has selected Jeff Wiseman as the newest managing director & head of U.S. real estate debt for its real estate investment affiliate, H.I.G. Realty Partners. Wiseman will be based in the firm's New York City office. He brings more than 20 years of experience in originating, structuring and
See Original Article

Globalization has brought the most advanced trading networks the world has seen, with the biggest, fastest vessels, robot-operated ports and vast computer databases tracking cargoes. But it all still relies on millions and millions of paper documents. That last throwback to 19th century trade is about to
See Original Article

With limited access to official foreign exchange markets, Venezuelans rely on a number of artifices to get a sense of what their money is worth — from websites that track the rate to dollar auctions on WhatsApp groups and cryptocurrency exchanges. Amid skyrocketing inflation and a massive depreciation
See Original Article

Real estate experts have a generally positive outlook about the Baton Rouge area real estate market in 2018, as job growth continues—albeit slowly—and the economy remains relatively strong. But they're keeping a close on eye on several sectors, particularly the multifamily market, which has seen a
See Original Article

NEW YORK (IFR) – The US Senate on Wednesday invalidated Obama-era guidance aimed at preventing auto lenders from charging borrowers higher … “An ill-advised Obama-era auto-lending rule issued by the CFPB missed the mark on both process and substance,” Republican Senator Jerry Moran,
See Original Article

Dubai. Dubai Investments is awaiting regulatory approval for a “real estate investment trust” (Reit) that would have an initial asset size of Dh3 billion. The company will provide up to 40 per cent and the rest of it through investor-partners. “Our asset base will cover everything from health care to industrial
See Original Article

Mortgage activity picked up last week, according to the Mortgage Bankers Association (MBA). For the week ending April 13, MBA's adjusted composite applications index rose 4.9 percent over the prior week. The refinance index was up 4 percent, and the seasonally adjusted purchase index increased
See Original Article

… may be worth considering for your portfolio. One such stock is Mediclinic International (LSE: MDC). The £4.6bn market cap healthcare provider has released a full-year trading update today and its shares have jumped 5%. Let's take a closer look at the company to see if the shares are worth buying.
See Original Article

The 2007 ULI/PwC Emerging Trends in Real Estate report said of Dallas: “Wide-open Texas markets favor developers, but 'they are never good places to invest.'” Ten years later, the groups are singing a different tune. Dallas Fort-Worth “is rapidly approaching the level where it is considered as a core
See Original Article

Russia's attempts to ban access to the Telegram messaging service threaten to drag U.S. tech giants including Alphabet Inc. and Amazon.com Inc. into the war with founder Pavel Durov as he turns to proxy servers to bypass the blocking measures. Russian communications regulator Roskomnadzor has
See Original Article

Farmers helped carry President Donald Trump to White House. But as the former businessman threatens to unleash a global trade war, the same farmers are now forced to come to terms with how up to $150 billion in proposed tariffs on Chinese goods, and subsequent backlash from the Middle
See Original Article

George H.W. Bush has issued the first public statement on the loss of his wife Barbara Bush, who passed away Tuesday night at the age of 92. “I always knew Barbara was the most beloved woman in the world, and in fact I used to tease her that I had a complex about that fact. But the truth is the
See Original Article

The spring home-selling season has arrived, giving a much needed boost to the mortgage market. Mortgage applications surged 4.9% from the previous week, according to the Mortgage Bankers Association's (MBA) seasonally adjusted index. Purchase and refinance applications both rose in the week
See Original Article

GORGEOUS CANAL HOME at 311 Mustang Blvd. in Island Moorings with bay boat and kayak lifts and dock. 3/3/2 one story with huge covered patio. Quartzite cook's kitchen. Great water views! Reduced to $724,000. 3D virtual tour at 311MustangBlvd.com. Call Barbara Thrasher, Coldwell Banker Island
See Original Article

Morgan Stanley is entering China's rental housing market for the first time by engaging in a $100 million fundraising round for a Chinese rental apartment operator. The investment by the 83-year-old US investment bank follows similar deals by compatriots including Warburg Pincus, as well as by local
See Original Article

There was a time in our financial lives when we blindly trusted banks, then we became adults and started to see how banks made their money. Then we watched the movie The Big Short, then we started reading articles about how banks were profiting off shady fees attached to our accounts.
See Original Article

The underlying fundamentals of banking is quite strong,” said Nicholas Colas, co-founder of DataTrek Research. The industry got a huge boost from the Republican tax law. Banks traditionally pay high tax rates, making them among the biggest winners from the corporate tax rate falling from 35% to 21%.
See Original Article

An advocacy group made up of bank workers and community and consumer advocates has slammed the acting director of the Consumer Financial Protection Bureau for cutting back on the agency's regulatory enforcement. The CFPB has not taken a single enforcement action since Acting Director Mick
See Original Article

Banking royal commission: CBA official agrees it deserves gold medal for charging for advice never given … A COMMONWEALTH Bank executive has admitted the bank would win gold if medals were awarded for ripping off customers by charging them fees for financial advice that was never given.
See Original Article

NEW YORK, April 18, 2018 /PRNewswire/ — Latham & Watkins LLP1 is pleased to announce that Michael Haas has joined the firm's New York office as a partner in the Finance Department and member of the Real Estate Practice. Haas represents clients on complex real estate transactions, including
See Original Article