Lots of Things Can Look Like Manipulation

Lots of Things Can Look Like Manipulation

… stock prices, or someone who meant to spend $21,000 on S&P 500 puts and pushed the wrong button, or someone pursuing a fiendishly complicated multi-leg strategy in a dozen different markets that happened to have touched mysteriously on the S&P 500 options market at a critical time yesterday.
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Council embraces 447-unit East Whisman housing project

Council members are still hammering out the details of the East Whisman Precise Plan, a template for high-density housing in the region, but SummerHill is wasting no time entering the housing market. The project is also significant because SummerHill proposes building beyond what's currently
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Inspirus Credit Union Welcomes Bob Niles as Commercial Lending Administrator

In his role at Inspirus, Niles will work with investors to understand their financial goals and help them meet those objectives through commercial lending. “Bob comes to Inspirus with a wealth of knowledge and a passion for helping people meet their financial needs,” said Inspirus Credit Union Senior
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#RSAC: Panel Discussion on the Role of Machine Learning & AI in Cyber

Dr Ramesh Sepehrrad, VP of technology and business resiliency risk, Freddie Mac. After opening the discussion by asking the panel to each give their own definition of what machine learning is, Ira asked the speakers to define what types of applications are most appropriate for the use of machine
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Politicians will rave over Fed losses, but don't be fooled

Central bank bond-buying was intended to reduce long-term interest rates, making it cheaper for businesses to get loans to finance investment and for households to get home mortgages. …. Even when central banks do choose which foreign bonds to buy, however, they cannot afford to take a lot of risk.
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How Scott Morrison changed his tune on the banking royal commission

The Treasurer labelled Opposition Leader Bill Shorten's push for a banking royal commission a “populist whinge” that could undermine a key part of Australia's economy. “I think there is the great risk that if the opposition continues to engage in this recklessness that the only product of that approach
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Banking royal commission day 15: AMP, Westpac, ANZ, Scott Morrison

As the fallout from AMP's evidence before the commission dominates the news, the heads of financial advice at Westpac and ANZ face the royal commission today. Follow live here. Follow live here. Sort posts by: Latest, Oldest. Live article connection interrupted. Please refresh your browser.
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PGIM Real Estate's Net-Zero Milestone

But there's more to the solar array than meets the eye at the property owned by PGIM Real Estate. The solar canopies that top the five-level, stand-alone structures supply more than 100 percent of the energy consumed by the property's 24,000-square-foot amenities building. That makes it the first
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Oops! Deutsche Bank accidentally sent a $35 billion payment

Deutsche Bank said it was moving the money as collateral to its account at Eurex, a major international exchange focused on European derivatives. Investors are sometimes required to post more collateral as security for repayment. The incident occurred in late March, the person familiar with the matter
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Tobacco stocks just had one of their worst days in a decade. This is why I'm buying on this dip

When tobacco stocks are tumbling, buy tobacco stocks. I did. After Philip Morris International Inc. reported its first-quarter financial results on Thursday morning, its shares slumped a head-spinning 14.6 per cent. According to Bloomberg News, that marked the worst one-day slide in a decade for the
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Global real estate giant grabs huge office park in San Mateo

Hines, a global real estate firm, is the new owner of Clearview Business Park, a 380,000-square-foot office complex in San Mateo that is fully leased to Tesla and GoPro. Terms of the sale were not disclosed. The seller in the deal was Deutsche Asset & Wealth Management, which paid $125.5 million,
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3 Methodologies To Estimate Banking Stocks' Fair Value

Finally, we determine a FVE by multiplying this figure by the banks' current tangible book value. Here's the punch line for our three banks: Bank of America. Beta = 1.37; CAPM = 8.6%; RoTCE = 15.3%; TBV = $16.84. BAC Fair Value Estimate is $30. JPMorgan Chase. Beta = 1.23; CAPM = 8.0%; RoTCE
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March real estate roars like a lion

According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average climbed to 4.47 percent, its highest level in four years. “Borrowing money will be more expensive, particularly for home equity loans, credit cards and adjustable rate mortgages, but rising wages and a low
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'Economic self harm': Morrison cautions against bank break-ups

Treasurer Scott Morrison has warned against calls to break up the big banks in the wake of shocking revelations at the royal commission, saying it would be akin to “committing economic self harm”. Mr Morrison made the comments while announcing a suite of reforms to improve the enforcement
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Top of hot stocks: Melrose Industries and Tesla Inc

Melrose Industries (MRON) led the FIS Astec Analytics hot stocks list for Europe, the Middle East, and Africa last week. Short sellers have continued to ramp up their positions with the manufacturing group, adding 10 percent by volume over the past three weeks. Utilisation increased adding 5 percent to
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Still 'Sold': Realtor fined after asking buyer to hang sign for a year

A Richmond real estate agent has been fined for drawing up a contract forcing a buyer to display her team leader's “Sold” sign for a year. According to a decision posted on the Real Estate Council of B.C.'s website, neighbours complained when the sign was still hanging out front of the property eight
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JPMorgan Chase significantly expanding in Washington, DC area

“Our administration is pleased that Chase is expanding its footprint in Maryland and bringing more jobs, affordable housing, and community investment,” Hogan said. “This is a terrific example of how Maryland is working with world-class companies to bring about real change and greater opportunities in
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Teacher union cuts Wells Fargo mortgage program over gun ties

The American Federation of Teachers on Thursday ended its mortgage program with Wells Fargo [:wfc], saying Wells had refused to meet to discuss its concerns over its support for the National Rifle Association and gun manufacturers. The union also accused the gun group's media group, NRATV,
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Digital banking's key trends: Demand, competition, mobile on the rise

In both the richest and poorest countries, banking around the globe is going digital and mobile. Two global studies — a study of 150,000 consumers polled by Gallup for the World Bank for its Global Findex Database, and a survey of 5,200 consumers by the tech giant Oracle — found complementary
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Kodak Stopped Making This Film Nearly a Decade Ago. But It's About to Have an Unusual Comeback

“I would love for it to be Kodachrome, obviously,” says Olbrich. “It's such an iconic film – that rich saturation, the graininess that people love. But it's a very difficult proposition to get that whole infrastructure back in place.” The company confirmed to Fortune they still remain open to the possibility of brining
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Business briefs: Stocks drop; Amazon Prime numbers 'mind-boggling'

Business briefs: Stocks drop; Amazon Prime numbers 'mind-boggling'

WASHINGTON — Long-term U.S. mortgage rates climbed upward this week, slightly worsening affordability for homebuyers. Mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages rose to 4.47 percent from 4.42 percent last week. This benchmark rate averaged 3.97 percent
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Podcast: Taking Flight with Pilot Bank

Pilot Bank in Tampa, Fla., is a full-service $305 million community bank with a unique wing: private aircraft finance. Through its affiliate NAFCO, the bank makes loans for owner-flown aircraft throughout the country, providing credit opportunities for the hundreds of thousands of individuals in this
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Photo Release — WSFS Bank Amplifies Team that Oversees its Retail Office Network

WILMINGTON, Del., April 19, 2018 (GLOBE NEWSWIRE) — Following the successful integration of recent acquisitions, WSFS Bank, the primary subsidiary of WSFS Financial Corporation (NASDAQ:WSFS), announced a new leadership team that will execute long-term goals for the Bank's network of
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Real Estate/Changing Hands, April 20, 2018

Houle Irrevocable Real Estate Trust, Dianne F. Houle individually and Trustee, of Turners Falls, James D. Houle, individually and Trustee, and Kenneth C. Houle, of Chicopee, and Douglas F. Houle, to James F. Houle. 41 South Main St. $190,000. Bertha H. Paulovics Estate, Joseph J. Paulovics,
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Shaun Benderson Talks About Main Draws of the Florida Housing Market

Single-family homes are typically the best type of property that can benefit from long-term appreciation. Sure, this does come at an initial cost, but history has shown that these prices increase at a phenomenal rate. In other words, don't expect to buy such dwellings at a knock-down rate, but instead
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Mozambique: Int'l tender for fuel imports launched

The tender will be governed by procedures for international public procurement, similar to those specified in the World Bank guidelines. In Mozambique, the import of liquid fuels is made through tenders launched every six months. The country has been betting on buying fuels considered cheaper, hence
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Students Across the Country Will Participate in a National School Walkout on April 20. Here's What …

Nearly a month after the nationwide March for Our Lives to protest gun violence in the wake of the Parkland, Fla. school shooting, students around the country will take to the streets again for the National School Walkout on Friday. The mass protest falls on April 20, the 19th anniversary of the Columbine
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How Individualized Consultations Improve The In-Home Buying Experience

Luxury real estate broker Sotheby's International Realty's app, called Curate, is a virtual staging application that uses augmented reality to furnish empty homes with a customer's decor of choice. Sotheby's designed the app in partnership with Google, using its ARcore platform, and RoOomy, an expert in
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Buyers in the 'burbs see home prices rise in March, Austinites get some relief

Homebuyers in Austin city limits face a frenzied market, but they got a bit of break on the price front in March, according to a report from the Austin Board of Realtors. However, prices continue to climb steadily in much of the suburbs: Cedar Park, Round Rock, Pflugerville, Manor, Buda and Kyle all saw
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In time for Earth Day, Wells Fargo sets goal to lend billions to 'sustainable' businesses

Wells Fargo said Thursday that it wants to lend $200 billion by 2030 to finance sustainable businesses, with more than half of the lending commitment devoted to the shift to a low-carbon economy via loans to clean energy, green bonds and alternative transportation. The loans will also support
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SB Financial Group, Inc. Announces Strong First-Quarter 2018 Earnings

DEFIANCE, Ohio, April 19, 2018 /PRNewswire/ — SB Financial Group, Inc. (NASDAQ: SBFG) (“SB Financial” or the “Company”), a diversified financial services company providing full-service community banking, mortgage banking and wealth management, today reported earnings for the first-quarter
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'Fearless Girl' Is Moving to the New York Stock Exchange

The beloved Fearless Girl statue that stands in front of the iconic Charging Bull sculpture in Manhattan's Financial District is moving to a new destination. On Thursday, New York Mayor Bill de Blasio and financial firm State Street Global Advisors—which commissioned Fearless Girl—announced the
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Mortgage Rates Tick Up, Probability of a Rate Hike Hits 100 Percent

… and within 11 basis points of a 5-year high (4.58 percent), according to Freddie Mac's Primary Mortgage Market Survey data. The average rate for 15-year fixed mortgage has ticked up 7 basis points as well to 3.94 percent, which is 71 basis points higher than at the same time last year (3.23 percent),
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Banking System Unresponsive to Customers

Citizens Bank account system was unresponsive last night. Customers attempting to access Mobile Banking functions from their cell phone were met with “Unknown Error” displayed on the screen. At the ATM machine at the corner of McKean and Market Streets in Kittanning, the machine accepted the
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Stocks, Bonds, And Real Estate: The High Probability Of A Wealth Effect Reversal

What might one anticipate from an increase in the supply of government debt and a reduction in demand? It could mean higher yields and higher associated borrowing costs to attract other buyers to step up. With the 10-year U.S. Treasury trading 50 basis points above CPI inflation (2.4%), the borrowing
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Movement Mortgage opens Stowe office

“We looked long and hard for the right senior loan officer to cover the Washington and Lamoille County area. Our search led us to Tom Stewart,” said Movement Mortgage's Jay Vallieres. “Tom has demonstrated unmatched experience in the local market and a love and concern for each of his clients.”.
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Black applicants twice as likely as whites to get denied for mortgage loans: study

A stark racial disparity still exists when it comes to receiving mortgage loans. Although overall mortgage applications are getting denied at their lowest rate in the past 20 years, black applicants are still twice as likely as white applicants to get denied for a conventional loan, according to a new study from
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Two Reasons To Buy This 11.6%-Yielding Mortgage REIT

I added Chimera Investment Corp. to my high-yield income portfolio again this week. The mortgage REIT has excellent dividend coverage stats and could actually raise its dividend payout in 2018. I can see Chimera Investment Corp. raise its payout 2-4 percent in 2018. Shares now sell for an eleven
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Mom-daughter real estate duo threaten to kill Florida deputy

DESTIN, Fla. (AP) — A mother and daughter real estate team ended up in a heap of trouble following a night out drinking together at a Florida bar. The Northwest Daily News reports that as an Okaloosa County Sheriff's deputy was taking 47-year-old Tracy Bari and her 24-year-old daughter Julia Bari to
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Netflix's New Mobile Previews Look a Lot Like Instagram Stories

Netflix released a new feature Thursday that makes it easy to preview a show or movie you're thinking about watching. Called mobile previews, they are located at the top of the screen when you launch the app, similar to the Stories feature on Snapchat or Instagram. You tap on the first one to start the
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Bremer County deeds: March 26-April 6, 2018

Bremer County deeds: March 26-April 6, 2018

Fannie Mae and Federal National Mortgage Association, First American Title Insurance Company attorney in fact, to Matt Properties LLC, warrant deed, Sumner, … Mini Storage Inc. to Donald E. and Fannie M. Albrecht, warrant deed, Waverly, Willow Lawn Fourth Addition Lot 3 Block 3, $66.40, $42,000.
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ANALYSIS-Ethical cocoa schemes no panacea for struggling farmers

Firms buying more certified cocoa but chasing lower prices. * Companies say higher productivity key to fighting poverty. * Sustainability in focus at World Cocoa Conference here next week. By Ana Ionova. LONDON, April 19 (Reuters) – Global chocolate makers are buying more cocoa sourced through
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Latin American Banks Were Slow To Go Digital But Now They're Moving Fast

Banks in Latin America are picking up the pace in moving to digital, according to the third annual digital banking report from Technisys, a digital banking technology company. “The most important thing that is changing is the way the market is evolving in digital banking,” said German Pugliese-Bassi,
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After Accusations Of Lending Discrimination, JPMorgan Chase Announces Major DC Expansion

Chase's arrival in the D.C. area is significant in part because it has been accused of lending discrimination here. The Center for Investigative Reporting's Reveal found that in 2015 and 2016, the bank denied conventional home loans to blacks and Latinos in the D.C. region more often than to whites with
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Payday lenders launch national attack on federal consumer protection in Texas

AUSTIN — While Texas set no limits on the lending practices of payday and auto-title loan operations, federal regulators recently approved a rule that would curtail what critics call the industry's predatory practices nationwide. But just days ago, a Texas payday trade organization, along with its national
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Mortgage Denials Fall to 20-Year Low

Mortgage denials, which peaked at the onset of the housing crash, have fallen back to a 20-year low, Zillow reported Thursday. Nationally, the share of applicants who are denied for conventional mortgages has fallen to 9.8%, according to data from the Home Mortgage Disclosure Act (HMDA), down
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Commentary: Can We Really Trust Starbucks to Take on Racism?

I was surprised when I learned that Kevin Johnson, CEO of America's most popular coffee brand Starbucks, decided to close more than half of the company's U.S. stores on May 29 to conduct racial bias training for staff, following the uproar over two black men—Rashon Nelson and Donte
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The Obamas Add an Unusual Amenity to Their Home: Can You Guess?

“Pools are rare in D.C. for two main reasons: weather and price of land,” says Bobby Montagne Jr., a Washington, D.C.-based real estate developer and CEO of Walnut Street Finance, a Fairfax, VA-based real estate private lender. “The season for pools just isn't that long in D.C., as it is in some parts of
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WINESTONE LAVAL and ASAPP Join Forces to Bring Real Time Mortgage Funding Platform to …

“In this digital world, our online platform allows us to securely connect our clients seeking specific mortgage financing options in a modern way, anywhere and at any time. Connecting mortgage seekers and mortgage funders digitally lets us fulfill our mission of making the client experience more relevant
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Suspected Mastermind Behind the 'Big Bitcoin Heist' Escapes Prison Through a Window

A man who is accused of a Bitcoin heist that included stealing about 600 computers escaped a low-security prison in Iceland this week and reportedly fled to Sweden. On Tuesday, Sindri Thor Stefansson is believed to have escaped the low-security prison he was transferred to 10 days prior through a
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Hannon Armstrong and CounterPointe Expand Commercial Property Assessed Clean Energy (C …

“The focus of HASRE will be major developers, owners and property managers of significant office buildings, hotels, multi-family housing and other commercial real estate assets,” said Jeffrey Eckel, President & CEO. “We look forward to continuing our leadership position in the C-PACE market, putting
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Luxembourg banks' digital maturity lower than EU average

The results show that, “Despite some pressure on the banking market, the digital maturity of Luxembourg banks is still lower than the European average, being classified as a “digital adopter” instead of leading the way. Many still have not addressed the digitization pressures from customers and
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The seasonality of real estate

When studying historic real estate market trends here in Western Colorado, the common pattern we see in the real estate market is that activity tends to heat up in the spring and summer and cool down as we head into winter. So what does this mean for a potential buyer or seller? For buyers, there are
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CisionScoops at Bloomberg News & NBC Atlanta, New Banking Editor at WSJ

All CisionScoops reflect original reporting from the Media Research team; if you have a scoop, send it to mediamoves@cision.com. CisionScoop: Bloomberg News welcomed Katherine Doherty as a reporter on the corporate finance team. She joined Bloomberg after working as a reporter at Reorg
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US LNG Gets a Big Cheer in One of Russia's Small Neighbors

One of Russia's European neighbors is fully embracing U.S. liquefied natural gas. Lithuania, the Baltic state that used to be completely dependent on gas piped in from Russia, is turning to LNG from Norway to the U.S. to help negotiate better prices from its former Soviet ruler. The country of just 2.8
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UPDATED: Rare Disease Drug Maker Shire's Stock Spikes Amid Possible Bidding War Between …

In what would make for a blockbuster acquisition, Japanese pharmaceutical giant Takeda is continuing its hunt for rare disease drug maker Shire. But Shire isn't making things easy: The firm has already rebuffed Takeda's advances on three separate occasions, including a recent cash-and-stock offer
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This Career US Marine Is One of the World's Greatest Leaders

The staff of Fortune recently assembled our 2018 list of the World's 50 Greatest Leaders. This story is part of that coverage. President Trump's national security staff has endured unusually high turnover—which makes Gen. Joseph Dunford's continuity at the Joint Chiefs of Staff all the more important.
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Affordability gap grows

Herb Tousley, director of real estate programs at the University of St. Thomas' Shenehon Real Estate Center, said prices in the housing market are rising faster than area incomes, creating an “affordability gap” that can be difficult for would-be homebuyers to overcome. As of February, Twin Cities sales
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Fortune lists 'W.Va. Teachers' among World's 50 Greatest Leaders

CHARLESTON — For the fifth consecutive year, Fortune Magazine has released its list of World's 50 Greatest Leaders, and among CEOs, politicians, activists and various groups, number 31 was given to the teachers of West Virginia. “For years, it has been universally acknowledged that American
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Why homes in the US are selling quicker than ever — and how to cash in

Take a gander around the average American neighborhood and you'll see a red-hot housing market. “For sale” signs and moving trucks are in abundance on avenues and streets across the country. Not only is the real estate market back in a big way, but the average amount of time between listing and
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Rental Payment History vs. Mortgage Delinquency Risk

Rental Payment History vs. Mortgage Delinquency Risk

Rental payment history is indicative of future mortgage loan performance and should be considered when individuals apply for mortgage loans, according to new research from the Urban Institute. “Access to mortgage credit remains overly tight in part because we are not measuring the credit risk of
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Connecticut HFA – Hsg. Mtge. Fin. Prog. Bds. — Moody's reviews Connecticut Housing Finance …

Announcement: Moody's reviews Connecticut Housing Finance Authority's Housing Mortgage Finance Program Bonds 2017 Series C, Subseries C-3. Read the full article at Moody's. SEE ALSO: Blackstone is struggling to raise money for the massive, Saudi-backed infrastructure fund it trumpeted last
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Digging Into The Data: LegacyTexas Financial Group Inc. (NASDAQ:LTXB)

LegacyTexas Financial Group, Inc. is a bank holding company. The company's holdings include LegacyTexas Bank. The Bank offers commercial, small business, and consumer deposit and lending products, title and insurance services through its bank subsidiaries, LegacyTexas Title and LegacyTexas
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Independent Bank Hires Veteran Lender to Support Denver Growth

MCKINNEY, Texas, April 19, 2018 (GLOBE NEWSWIRE) — Independent Bank Group, Inc. (NASDAQ:IBTX), the holding company for Independent Bank, announced the addition of Kenneth A. Whitelam, to their Denver, Colorado Commercial Lending team. Mr. Whitelam, a 30-year Commercial Real
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Waters introduces legislation to prevent FHA foreclosures

Maxine Waters, D-Calif., Ranking Member of the Housing Committee on Financial Services, introduced new legislation that would strengthen the requirements for and increase oversight on FHA mortgage servicers. “A decade after the devastating foreclosure crisis, we continue to see significant
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Deutsche Bank Accidentally Sends $35B To Exchange

“This was an operational error in the movement of collateral between Deutsche Bank's principal accounts and Deutsche Bank's Eurex account,” Charlie Olivier, a spokesman for Deutsche Bank, wrote in an emailed statement. “The error was identified within a matter of minutes, and then rectified.
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Banking royal commission must protect super savings from conflicted advisers

Commissioner Kenneth Hayne will need the wisdom of Solomon as he tackles what is fast becoming the most critical issue in the financial sector: how to prevent the $1.6 trillion that Australians have salted away in superannuation savings from being pillaged by unscrupulous financial advisers. Political
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Former May Aide's Attempt to Defend Her Undermined by Email Leak

… in 2013. pic.twitter.com/E9RYGldCcB. — Nick Timothy (@NickJTimothy) April 19, 2018. The prime minister's office on Thursday distanced itself from Timothy's claim and said it hadn't made any attempt to substantiate it. Home Office emails from 2013 seen by Bloomberg show that on March 4 that year,
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Brantford named Canada's best place to buy real estate

Relatively low house prices and fast-rising rents are two of the reasons Brantford has been dubbed the best real estate investment market in Canada. MoneySense magazine has placed Brantford at the top of its annual ranking of Canadian communities based on real estate investment potential.
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Why Now Is Not a Good Time to Be Investing in Lending Companies

A rising interest rate environment is very appealing to banks and other lending companies, since there is an opportunity for lenders to take advantage of higher margins, but it isn't without risk. Higher rates of interest can also put a lot of pressure on borrowers and will also increase the risk of default,
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In the News

Alumni News and Notes: Tabitha Hyer Gutierrez has been appointed Canyon County area manager at First American Title Company, where her main focus will be on managing and developing business relationships, collaborating with real estate industry professionals and growing the Canyon County
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BofA Predatory Lending Cleanup Cost $20M, County Says

Law360 (April 19, 2018, 6:59 PM EDT) — Attorneys for Cook County pushed back Thursday against an Illinois federal judge's comments about the value of its lawsuit over an alleged predatory lending scheme run by Bank of America, claiming that it spent more than $20 million to clean up the mess.
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Average US 30-year mortgage rate rose to 4.47 per cent

WASHINGTON – Long-term U.S. mortgage rates climbed upward this week, slightly worsening affordability for homebuyers. Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year, fixed-rate mortgages rose to 4.47 per cent from 4.42 per cent last week. This benchmark rate
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OCBC Bank Doubles Down On AI Development With New Lab

From fraud prevention to customer service, AI is transforming how banks do their day-to-day business, says Ken Wong, head of OCBC Bank's AI lab – and banks that aren't ready to adopt the tech will soon fall behind. In the latest Digital Banking Tracker, Wong reveals how OCBC is hoping to keep AI
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Carmen Bean ranked No. 1 on Residential Real Estate Individual Agents list

What factors will have the greatest impact on San Antonio residential real estate sales in 2018? The bullet train between San Antonio and Austin will be a significant impact on the San Antonio housing market. This will provide commuters from Austin the ability to purchase more home for their money than
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Spark Hampton Roads showcases student-created businesses

The competition brought together the top 18 student companies to compete for the title of JA Company of the Year. The first place winner was THE FIND IT, a team from Kellam High School that created a wireless location finder key fob. Several Taylor's Do It Centers are carrying the students' product.
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Zephyr Real Estate Agent Matthew Goulden Receives 5-Star Award for Fourth Consecutive Year

SAN FRANCISCO, April 19, 2018 (GLOBE NEWSWIRE) — Matthew Goulden, Zephyr Real Estate top-producing agent since 2011, has received the distinguished 5-Star Award for the fourth year in a row. His knowledgeable and passionate approach to real estate places him in the highest regard of both
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Swiss Franc Falls to 1.20 Per Euro

Bloomberg's Zoe Schneeweiss reports on the Swiss Franc falling to 1.20 per Euro. She speaks on “Bloomberg Markets: European Close.” (Source: Bloomberg). RELATED ARTICLES. Swiss Franc Weakens Below Key Level as BlackRock Stays Short · Terms of Service Trademarks Privacy Policy ©2018
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Allergan Does Not Intend to Make Offer for Shire

Bloomberg's Drew Armstrong discusses the latest on Allergan, which says they not intend to make an offer for Shire. He speaks with Lisa Abramowicz and Julia Chatterley on “Bloomberg Markets.” (Source: Bloomberg). Terms of Service Trademarks Privacy Policy ©2018 Bloomberg L.P. All Rights
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The Daily Prophet: Markets Really Don't Like 3% Bond Yields

Instead, they had to settle for a high of $69.56 after Bloomberg News reported that OPEC and its allies have concluded that they've all but wiped out the oil surplus, achieving the key goal of their production cuts faster than they were expecting. The excess in oil inventories, which has weighed on prices
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On the Southwest Side, community rebuilds after mortgage crisis, rabbi writes

On the Southwest Side, community rebuilds after mortgage crisis, rabbi writes

The mortgage crisis of 2008 hit Chris and Keana Lindo sideways. They were renting their home on the Southwest Side when their landlord went into foreclosure. “My family and I moved in the neighborhood and immediately felt at home. The neighbors were welcoming, and I loved the school my children
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Teachers union drops Wells Fargo as mortgage provider because of links with NRA and gunmakers

The American Federation of Teachers said Thursday it is dropping Wells Fargo as a recommended mortgage lender to its 1.7 million members because of the bank's continued involvement with gun manufacturers and the National Rifle Association. The second-largest teachers union in the country said
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India's banking sector needs a hands-on regulator

To many economists, the solution to India's bad-loan crisis appears as obvious as the problem: Privatise state-owned banks, which have racked up billions more in soured loans and performed much worse than their private-sector counterparts. Yet, unless the government first strengthens its ability to
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Rise or fall of home prices mostly linked to purchasing power: analyst

Whether the region's home prices are rising or falling is mostly to do with buyers' spending power – more so than foreign buyers or market speculation, according to the lead data analyst for Vancouver real estate firm the Rennie Group. Speaking to a sold-out room of industry professionals at an Urban
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Finland's Basic Income Experiment Will End in 2019

Finland's universal basic income experiment will end next year, and lawmakers there are quietly moving toward a different welfare approach. The basic income program in Finland, which was praised as cutting edge when it was announced, pays $690 to 2,000 Finns each month, with no conditions.
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2 projects could bring housing

The 2009 study represents a collaborative effort among agencies to address Grand County's housing issues arising from a combination of Moab's unique economy and housing market dynamics. The study indicated that employment opportunities and wages have not kept pace with increased housing
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Canon's New Compact Wireless Printer Lets You Print Selfies on the Go

Canon has a new pocket-sized portable printer called the IVY Mini Photo Printer that lets you print photos from your smartphone without any cables. Through the Canon App, users can print 2 in. x 3 in. photos or stickers in high-resolution via Bluetooth in a matter of seconds. The printer, announced on
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New Prologis study examines “last touch” impact on industrial real estate

New research conducted by San Francisco-based Prologis, Inc. indicates that for logistics real estate, the only constant is change. The initial installment of a three-part series released today examines the latest consumer trends driving new site selection and construction. Specifically, in studying “waves
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7-cent real estate tax increase on the table in Franklin County

FRANKLIN COUNTY, Va. – A real estate tax increase in Franklin County could be growing. This week administrators proposed a 7-cent increase for real estate and 17 cents for personal property. This comes after supervisors were told about a possible increase at a budget work session earlier this month.
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Mortgage rates climb again after plateau

According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average climbed to 4.47 percent with an average 0.5 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 4.42 percent a week ago and 3.97 percent a year ago. The jump of five basis
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IBERIABANK Corporation Announces 2020 Strategic Goals

… holding company with offices in Louisiana, Arkansas, Tennessee, Alabama, Texas, Florida, Georgia, New York, North Carolina, and South Carolina, offering commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, mortgage, and title insurance services.
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Mortgage Rates Jump to Highest Levels in About a Month

Mortgage rates jumped higher today as bonds continued a move away from narrow Springtime range seen in March and early April. Bonds dictate rate movement and yesterday saw the bond market make its first convincing attempt to break what had been a friendly, narrow range. This of course
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Here's why small-cap stocks could be vulnerable to ETF outflows

Exchange-traded funds are among the most popular ways for investors to get exposure to nearly any asset class, region, or strategy in global financial markets. However, rather than providing safety in numbers, this could become a risk factor for some assets. The question of whether the massive growth
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Karle's Korner: Nick Saban named one of Fortune's top world leaders

We all know that Alabama's Nick Saban is a tremendous college football coach. In fact, he could be the best ever. We also know that as the man who rules “The Process”, Saban is a true leader of young men. But one of the world's top fifty leaders? Now that's some high cotton! The well-respected
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Update on the latest business

WASHINGTON (AP) – Long-term U.S. mortgage rates climbed upward this week, slightly worsening affordability for homebuyers. Mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages rose to 4.47 percent from 4.42 percent last week. This benchmark rate averaged 3.97
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Lending Tree study finds Albany refi customers are big on the cash out option

National mortgage lender Lending Tree revealed this month that 73 percent of Albany homeowners who refinance their home loans are choosing a cash-out option, making it the city with the highest share of cash-out borrowers in the nation. The average loan amount is $166,504. LendingTree analyzed
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Senate Strikes Down Rule Protecting Against Discriminatory Lending

The U.S. House of Representatives is expected to take up a measure passed by the Senate on Wednesday that wiped out guidance from the Consumer Financial Protection Bureau designed to eliminate lenders from discriminating against auto buyers based on race or national origin. The guidance
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Best Place To Buy Real Estate In Canada Is Brantford, Ont.: MoneySense

If you're looking to buy property, personal finance website MoneySense says get thee to Brantford, Ont. AdChoices. More Videos. There's No Planet Nibiru That Will Destroy The Wor… April Isn't Panning Out The Way Many Canadian · Rick Mercer Pleads With Canadians To · Humboldt Broncos Tribute:
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Top D-FW commercial real estate deals for the week of April 16

A developer has purchased six acres on the northeast corner of U.S. Highway 75 and Legacy Drive in Plano. The new owner Three VP Texas LP plans to build a WoodSpring Suites Hotel and retail on the property. JLL's Chris Gibbons brokered the sale. An investor has purchased the Office Depot
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By Brent Godwin – Real Estate Editor, Birmingham Business Journal

Residential real estate professionals will get the chance to gather for continuing education hours and industry insight next month. The Alabama Center for Real Estate will host its second annual ACREres conference and expo. The organization has hosted a similar commercial real estate conference and
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Banks still facing tight lending condition

Banks still facing tight lending condition

Deposits grew by Rs 72 billion, while lending saw a rise of Rs 68 billion Q3. KATHMANDU, April 20: The latest deposit mobilization and loan disbursement figures of commercial banks indicate that banks are still in tight lending condition. Commercial banks added Rs 72 million in deposits and disbursed
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Fintech Veteran Nelnet Courts Online Lenders With New Loan Servicing Offering

Financial technology has revolutionized capital markets, as evidenced by the hundreds of companies showcased at events like the Benzinga Global Fintech Awards. Nelnet (NYSE: NNI) has been fintech since 1996—well before PayPal (NASDAQ: PYPL) launched or the phrase became a buzzword
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Report: Fed regulators to fine Wells Fargo $1 billion

A new report from the Washington Post says that both the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency are preparing to fine Wells Fargo about $1 billion for misbehavior in the automotive and mortgage markets. Citing two people familiar with the negotiations,
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US Fed buys $2.3 bln of mortgage bonds, sells $400 mln

… the U.S. central bank has been using funds from principal payments on the agency debt and agency mortgage-backed securities, or MBS, it holds to reinvest in agency MBS. The New York Fed said on its website the Fed sold $400 million in mortgage securities guaranteed by Fannie Mae, Freddie Mac
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Online Lending in Risk On Mode: Unprecedented 21 Months of Non Stop Securitization Issuance

PeerIQ has just published their quarterly marketplace lending securitization tracker. The periodic report gauges activity in the online lending sector providing an interesting barometer of industry sentiment and investor activity. The most recent report stated that PeerIQ has observed an “unprecedented 21
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Waypoint Buys NC Apartments

The sale was subject to a $25.5 million loan held by Freddie Mac. “Raleigh-Durham is a dynamic and thriving MSA, and one of our highest ranked markets due to its outstanding demographic profile and fundamentals,” said Jeremy Pemberton, chief acquisition officer, Waypoint Residential. “We expect to
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Real estate notebook: 'Net zero' warehouse prototype unveiled

“It's a problem,” Monte Hilleman, senior vice president of real estate redevelopment for the St. Paul Port Authority, said at a presentation last week to commercial real estate professionals in St. Paul. “It's a problem for all of us. … We will not solve irreversible climate change without addressing our built
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Americans Are Filling Way Fewer Opioid Prescriptions Than They Used To. Here's Why That Matters

Americans are filling far fewer opioid prescriptions than they did in years past, according to a new report — even as the number of Americans dying of opioid overdoses continues to climb. Opioid prescriptions by volume declined by 12% in 2017, the largest single-year change in a quarter of a century,
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High investor FOMO about P2P lending in SE Asia: Funding Societies co-founder Kelvin Teo

Peer-to-peer lending platform Funding Societies recently announced raising $25 million in a funding round led by SoftBank Ventures Korea. The startup had initially planned to raise much less — up to $15 million — but higher investor demand culminated in a bigger round, co-founder Kelvin Teo said in
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Widespread mobile phones can deliver banking to the poor: World Bank

The spread of mobile phones to all corners of the world offers the opportunity to deliver banking services to poor and rural areas, improving lives, the World Bank … Access to a bank account can especially help women, who are more likely to save and to spend on healthcare and education, World Bank
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EgyptAir offers payment for flight tickets with internet banking

Other banks will be able to enable their customers to use the new service, he added. The passengers will bear no administrative costs for processing online transactions, Ezzat asserted. Ezzat clarified that the service is to keep up with the country's plans to expand online transactions and to make them
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Why This Kids' Epilepsy Drug Is Almost Certainly About to Become the 1st FDA Approved …

U.K.'s GW Pharmaceuticals is on a bee-line path to an historic, first-ever Food and Drug Administration (FDA) approval for a marijuana-based drug—Epidiolex, which is derived from the cannabis product cannabidiol (CBD) and has shown promise in treating devastating childhood epilepsy and seizure
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5 Cool Things You Can Do With Amazon Alexa's Customizable Skills

Less than a year after Amazon introduced its first Alexa smart connected speaker in 2014, programmers were able to add their own voice-controlled apps to the device. The apps, or “skills” in Amazon's parlance, could do everything from tell knock-knock jokes to offer the latest price of Bitcoin.
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Nichols College Selects TIAA as Sole Recordkeeper

TIAA has $1 trillion in assets under management (as of 12/31/2017 2 ) and offers a wide range of financial solutions, including investing, banking, advice and education, and retirement services. About Nichols College. Nichols College is a college of choice for business and leadership education as a
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Reports: Wells Fargo to be fined $1B as early as Friday

NEW YORK (AP) — Federal regulators plan to fine Wells Fargo as much as $1 billion as early as Friday for abuses tied to its auto-lending and mortgage businesses, The New York Times and other news outlets reported, citing unnamed sources. The potential $1 billion fine would be largest ever imposed
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International Tech Support Company Sued, 'Shut Down' by WA State Lawsuit

Then in 2016, Ferguson filed suit against the firm claiming they pressured WA state customers into buying more services and programs than what they needed, often using 'scare' tactics. They allegedly told consumers if they didn't purchase more expensive or additional programs, their systems would be
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Philly Real Estate Week hopes to bridge information gap

A first annual Real Estate Week is coming to Philly this spring, and with it, organizers are hoping to bring lesser-known information on urban planning, home ownership and the structure of the city to the public. The week, which will be held June 4 through June 9, is being organized by Better Than
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Approval Rates on Small Business Loans Are Highest In Years

The monthly analysis analyzed more than 1,000 small business loan applications on Biz2Credit.com. Institutional lenders include insurance companies, pension funds, and others. The 25.2% rate for big banks was the highest level since online lending began tracking those loans in January 2011 and
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Carroll Organization, PGIM Real Estate Acquire 4-Property Portfolio in FL

Carroll Organization and PGIM Real Estate have formed a joint venture to acquire a four-property portfolio in South Florida. Carroll Organization is acting on behalf of its latest investment vehicle, Carroll Multifamily Real Estate Fund V, while PGIM Real Estate is acting on behalf of institutional investors.
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Reports: Wells Fargo to be fined $1B for lending abuses

New York – The New York Times and other news outlets are reporting that federal regulators plan to fine Wells Fargo as much as $1 billion as early as Friday for abuses tied to its auto lending and mortgage businesses. The potential $1 billion fine would be largest ever imposed by the Office of the
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Monzella Saunders-Owings | Integrity Title & Escrow

Monzella Saunders-Owings | Integrity Title & Escrow

Community College of Baltimore County President Sandra L. Kurtinitis welcomeed Monzella Saunders-Owings, Esq., president and chief operating officer of Integrity Title & Escrow Company LLC, as the newest member of the college's board of trustees. Saunders-Owings joined Integrity in 2001 and
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Walmart Is Testing Out a New Dress Code for Workers

Employees in some of Walmart Inc.'s 4,700 stores will now be allowed to wear shirts of any solid color, rather than just blue or white, according to an employee manual obtained by Bloomberg News. Blue jeans are also permitted — as long as they're solid blue — whereas previously only khaki-colored or
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South Florida markets strong in first quarter

“What we saw this past quarter was a strong and consistent demand for South Florida real estate,” said Douglas Elliman CEO for Florida, Jay Phillip Parker. “Buyers saw the opportunity to jump into the market, as sellers seemed to decide that this was a good time to sell — with the result being increased
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Want to fight climate change? Read these 3 books first

He discusses what it means to cook and eat sustainably in a world obsessed with buying farm-to-table products without knowing whether these products are actually helping the environment. Traditionally, Americans have eaten meals similar to what Barber calls the “first plate”: a large cut of meat with
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Austin metro housing market set for strong summer after record March sales

The Austin-Round Rock Metropolitan Statistical Area housing market saw a 10.5 percent increase in sales compared to this time last year, according to the March 2018 Central Texas Housing Market Report. In addition to increased sales, the metro area generally saw a increase in median home price
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Abu Dhabi's hot spots in real estate revealed

Abu Dhabi. Al Reem, Saadiyat Island, Al Raha Beach, Al Reef and Yas Island are the top areas for people to invest in Abu Dhabi for maximum returns, according to data from real estate information company Reidin. “We have identified the hotspots within Abu Dhabi that are investor friendly which also
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San Jose, California, Has Most Competitive Housing Market in US

Boosted by the newest technology boom, San Jose, California, became the most competitive market across the U.S. in March, with 83.2% of homes being sold above their listing prices, according to a Redfin report Thursday. The largest city in Northern California, which houses the headquarters for tech
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Why do underwater homeowners keep paying the mortgage?

Despite the enormous gains in the housing market, and the rapid surge in home prices in recent years, nearly 2 million people still owe more on their mortgage than their home is worth. Throughout much of the housing downturn a decade ago, the plight of underwater borrowers sparked fierce debates.
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Guild Mortgage launches advanced integrated sales, marketing platform

Guild Mortgage announced on Wednesday the launch of Guild 360, an innovative sales, marketing and customer relationship management platform, powered by Salesforce, designed to help the company's loan officers better connect with each customer and enhance the borrower experience.
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Industry groups honor top real estate deals

A large industrial sale and a multifamily development project earned top honors at a Long Island real estate industry awards gala Wednesday. Hundreds of commercial real estate industry professionals attended the annual bash hosted by the Association for a Better Long Island and the Commercial
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Term Sheet — Thursday April 19

Good morning, Term Sheet readers. Jen Wieczner filling in for Polina today, to bring you the very twisty saga of a Bitcoin mystery. Find me on Twitter @jenwieczner or email me at jen.wieczner@fortune.com. About a month ago, I was in Tokyo, right as the cherry blossoms were starting to bloom.
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Serendipity Labs Coworking Space to Open at HALL Park in Frisco

In 2017, HALL Group invested in Serendipity Labs, and launched Serendipity Labs Dallas-HALL Arts at KPMG Plaza in the Dallas Arts District. “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
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Regulated banks soften stance on leveraged lending guidance

NEW YORK (LPC) – Regulated banks are underwriting more highly leveraged buyout loans for US companies as the Republican administration relaxes guidelines aimed at reducing risk, which is leveling the playing field with unregulated lenders again. Banks overseen by the Federal Reserve (Fed) and
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These Are the 12 CEOs on Our World's Greatest Leaders List

Every spring we put together the World's Greatest Leaders list to draw our readers' attention to the public figures and behind-the-scenes motivators we admire most. Although Fortune is first and foremost a place for business journalism, we range beyond business narrowly defined to put a spotlight on
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Joseph W. Blankshain Joins Fyndus LLC, as President, Global Operations

Fyndus, LLC, is the global leader that changes the consumer retail shopping experience with brick and mortar, and e-commerce using an app to find the best deals in merchandise, service and local dining. Fyndus is different from other e-commerce platforms because it rewards buying behavior patterns,
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Nationstar Mortgage Holdngs (NSM) Promotes Tony Ebers to COO

Before joining Nationstar in 2015, Ebers held a 26-year career with key leadership positions in mortgage lending, servicing and real estate transaction related services. Most recently, he served as the Originations Division President at ServiceLink, a Black Knight Company. Prior to ServiceLink, Tony held
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Trump Lawyer Cohen Drops Suits Against BuzzFeed, Fusion GPS

Today's news suggests that Donald Trump's personal lawyer no longer thinks an attack on the free press is worth his time.” … hacking or interfering with the U.S. election, hacking the Democratic Party or creating fake news stories to assist the Trump campaign or to damage the Hillary Clinton campaign.
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Teachers union dumps Wells Fargo mortgage promotion for members over bank's gun-industry ties

The nation's largest teacher's union has ended a promotional program with Wells Fargo, citing the bank's continued ties to the gun industry. The American Federation of Teachers, representing 1.7 million workers, said it removed the Wells Fargo mortgage program from its member benefits site effective
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How Amazon Can Keep Growing Prime Membership

Bloomberg Intelligence's Jitendra Waral discusses a milestone for Amazon and possible challenges for the company. He speaks with Vonnie Quinn on “Bloomberg Markets.” (Source: Bloomberg). RELATED ARTICLES. Amazon Nears Record Amid Wall Street Praise for Prime Milestone · Terms of
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New Warning About Mortgage Phishing Campaigns

New Jersey warned credit unions, banks, mortgage lenders, loan originators, title insurers, title, real estate agents, and consumers about hackers trying to pocket mortgage funds during the home-buying process. Load More. share on facebook share on twitter
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Deutsche Bank Inadvertently Made a $35 Billion Payment in a Single Transaction

Deutsche Bank Inadvertently Made a $35 Billion Payment in a Single Transaction

A routine payment went awry at Deutsche Bank AG last month when Germany's biggest lender inadvertently sent 28 billion euros ($35 billion) to an exchange as part of its daily dealings in derivatives, according to a person familiar with the matter. The errant transfer occurred about a week before Easter
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Allergan's interest raises stakes in pursuit of drugmaker Shire

“Shire has fallen out of favor with investors, it sells at an extremely low valuation which I think is what has triggered the interest of Takeda,” said John Schroer, sector head of U.S. health care at Allianz Global Investors. “You've seen consistent revisions downward on the hemophilia legacy Baxalta
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Rosenstein Told Trump He's Not a Target in Mueller Probe, Sources Say

U.S. stocks pared their decline on the news. The S&P 500 Index closed down 0.6 percent in New York trading after an earlier slump of as much as 1 percent. Rosenstein's message may have been based on a technicality. Trump may not officially be a target, but Mueller hasn't ruled out making him one at
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Digital Risk's LoanFX integrates with Black Knight's LoanSphere

End-to-end origination, risk, compliance, due diligence and technology services company Digital Risk, announced an agreement to integrate its LoanFx digital mortgage platform with Black Knight's LoanSphere Empower loan origination system. Digital Risk explained in a press release that the
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ICO Investors Aren't Laughing at Crypto Founder's Publicity Stunt

A cryptocurrency startup threw investors in a panic Wednesday as the founder tweeted a picture from the beach and just three words populated the website: “And It's Gone.” A day later, Savedroid is back, but investors are almost as angry now as when they thought their money was gone. “VERY bad idea
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Business events scheduled for the coming week

WASHINGTON — Commerce Department releases durable goods for March, 8:30 a.m.; Freddie Mac, the mortgage company, releases weekly mortgage rates, 10 a.m.. American Airlines Group Inc. reports quarterly financial results before the market open. General Motors Co. reports quarterly financial
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Uhuru's plan to cut rents, home prices in Nairobi

The planned construction of 30,000 new homes in Nairobi could significantly cut rents in the city's middle- and low-end estates as well as cause a massive price … Mr Denge said the new supply over time would allow renters in the mid-level housing markets to strike some bargains with their landlords by
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Pentagon Says Cloud Contest Winner Only Guaranteed Two-Year Job

The winner of the Pentagon's two-year contract to provide extensive cloud services isn't a lock to be awarded two extensions that would add eight more years, spokeswoman Dana White said. “I want to separate fact from fiction — what it is, and what it is not,” White told reporters at the Pentagon on
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Ohio payday lending crackdown could be coming soon

A bill limiting payday-lending rates, long stalled even after months of closed-door talks, suddenly was voted out of an Ohio House committee Wednesday without a single change to the 13-month-old proposal. And now it appears the much-delayed measure may rocket through the entire legislative
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It's the Ideal Time to Buy in Houston Multifamily Market, Says InterFace Panel

Multifamily developers, lenders and brokers discussed these trends and others at the conference, held on Tuesday, April 17 at the Royal Sonesta Hotel in Houston's Galleria neighborhood. The event drew about 150 real estate professionals. A Capital-Rich Market. A hefty amount of capital in the
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To make cybersecurity more effective, treat it like compliance

Mortgage companies should model cybersecurity protocols after their compliance strategies to avoid being underprepared in the event of a data breach. A robust cybersecurity plan should include technology, as well as routine checklists, testing and other measures to ensure an organization remains
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Nick Saban, Serena Williams Make Fortune's List of World's 50 Greatest Leaders

Alabama head coach Nick Saban and tennis superstar Serena Williams made Fortune's list of “The World's 50 Greatest Leaders.” Saban came in at No. 12, while Williams was No. 15. The female gymnasts and Olympians who came forward and testified against Larry Nassar, who was sentenced to 175
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Responding to negative borrower reviews

Doing business in the Social Media Era means you're bound to get some negative reviews. In our industry, sometimes the deal goes south for various reasons, and you will have an unhappy customer. Heck, sometimes people aren't happy even after a successful result. Right? Raise your hand if that has
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Town Hopes to Avoid Problems Caused by Last Year's Reval

Asked by the board whether they've noticed a market trend going up or down within the town, McCarthy said, “We are still in the final stages of making those determinations.” But some board members noted that a lack of inventory on the real estate market is pushing some home prices upward.
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Fortune magazine names Nick Saban as one of the world's 50 greatest leaders

TUSCALOOSA, Ala. — The Alabama Football Coach finishes at number 12 above several notable chief executive officers, authors, entertainers, and even presidents. On April 19, Fortune released its listof “The World's 50 Greatest Leaders.” According to Fortune.com, there are many key factors when it
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Ethiopian Premier Puts Ally in Defense to Address Insecurity

Ethiopia's new prime minister named a political ally as defense minister as he seeks to address two years of insecurity that prompted his predecessor's resignation two months ago. Motuma Mekessa's switch to the defense portfolio from the petroleum ministry was among 16 changes Prime Minister Abiy
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Total residential real estate commissions are estimated to have slumped by $227 million in the 12 …

By Greg Ninness. There are signs the slump in residential property sales volumes that has occurred over the last 18 months may be starting to bottom out. Interest.co.nz's latest quarterly analysis of residential property market activity shows that while sales are still running well below where they were 12
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Senate Kills CFPB Rule Aimed at Protecting Minority Car Buyers

A Consumer Financial Protection Bureau policy focused on preventing auto lenders from discriminating against minority borrowers is on its way out. The Republican-led Senate voted 51-47 on a resolution to eliminate the measure, which advised auto lenders to abide by the Equal Credit Opportunity Act.
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NVR Inc.: NVR, Inc. Announces First Quarter Results

RESTON, Va., April 19, 2018 /PRNewswire/ — NVR, Inc. (NYSE: NVR), one of the nation's largest homebuilding and mortgage banking companies, announced net income for its first quarter ended March 31, 2018 of $166,049,000, or $39.34 per diluted share. Net income and diluted earnings per share
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Brokers May Have to Put Customers First

(His counterparty, Ted Seides, ended up conceding here at Bloomberg View eight months early.) But with an index of cryptocurrencies you can check who's winning every day — every minute, if you want — and, worse, they'll probably be so volatile that, at least early on, the lead will change hands
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Rising interest rates not slowing down housing market

Rising interest rates not slowing down housing market

Rising interest rates not slowing down housing market. by KOMO Staff. (Seattle housing). AA. SEATTLE, Wash. — Rising interest rates are not enough to cool off the red-hot housing market, Especially in Seattle, where a new report finds some big returns for sellers. KOMO's Carleen Johnson has details.
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Nick Saban named one of Fortune's 50 greatest leaders in the world

In the eyes of Fortune Magazine, Nick Saban is one of the greatest leaders in the world. That's right — the world. And he's pretty high up on the list, too. Fortune revealed its annual top 50 list, and Saban, on the heels of his sixth national title, came in at No. 12, just behind Mary Barra, the CEO of General
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Wunder Capital to further scale solar lending platform after raising $112 million

Wunder Capital, a financial technology company that provides financing solutions to commercial-scale solar energy projects across the United States, has raised $112 million in equity and debt financing to accelerate the growth of the company. The Colorado-based company connects individual and
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Qualcomm Shares Tank Amid Layoffs

A Qualcomm spokesperson told Fortune in a statement that both full-time and temporary workers will be affected by the layoffs, without citing the specific number of full-time and contract workers that will be cut. “We first evaluated non-headcount expense reductions, but we concluded that a workforce
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Takeda Offers About $60 Billion for Shire, Reuters Says

Takeda Pharmaceutical Co. offered to buy drugmaker Shire Plc for about 42.4 billion pounds ($60 billion), officially kicking off what would be one of the biggest corporate takeovers ever by a Japanese company, Reuters reported. Takeda is said to have offered 46.50 pounds a share for Shire in a deal
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Racism Questioned in Mortgage Denial Rates and New Facebook Probe

The intersection of homeownership and racial disparity was in the spotlight with a new data analysis of mortgage denial rates based on race and a … Last month, four civil rights groups led by the National Fair Housing Alliance (NFHA) filed a lawsuit against Facebook in federal court that accused the
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Home borrowing costs continue to climb under Trump

On Thursday, mortgage buyer Freddie Mac said the average rate on 30-year, fixed-rate mortgages rose to 4.47 percent from 4.42 percent last week. A year ago, this benchmark rate averaged 3.97 percent. The average rate on 15-year, fixed-rate loans rose this week to 3.94 percent from 3.87 percent.
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Mortgage rates hit 2018 peak, Freddie Mac says

Mortgage rates jumped to their highest levels of the year, according to the latest weekly survey from Freddie Mac. The 30-year fixed-rate mortgage averaged 4.47% for the week ending April 19, up from 4.42% last week, and the 15-year fixed averaged 3.94, vs. 3.87% a week ago. Last year at this time,
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Birmingham ranks among highest with mortgage debt

In Birmingham, the median mortgage balance is $121,280, median income is $34,480, and median house value is $98,000. The mortgage debt-to-income ratio in Birmingham totaled 352 percent, and the mortgage debt-to-house value ratio totaled 124 percent. WalletHub's sample includes only the city
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Philip Morris Earnings: Is a 16% Plunge a Buying Opportunity?

Philip Morris International (PM) has never had a day this bad. Ever. Its shares have dropped 16% to $85.15 after the company reported better-than-expected earnings that were ignored by investors who decided to focus instead on lackluster results from its iQOS heated-tobacco system, and loss of
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Weather Cools Remodeling Perceptions

The Remodeling Market Index (RMI) is to home remodelers as the Housing Market Index (HMI) is to new home builders. Each is constructed by the National Association of Home Builders (NAHB) to reflect builder confidence in their particular share of the market. The quarterly RMI is based on responses
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What's Trending in Lending: 2018 Actionable Strategies for Success

Join experts, Stephenie Williams and Douglas Roman, as they identify current trends across the lending environment and explore the impact of recent tax reform on borrowers. Leave with actionable strategies to optimize lending at your credit union, and which products to promote that best leverage
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Lower Cat Loss, Pricing to Aid Property & Casualty Insurers

In other words, the value of the properties insured by carriers will appreciate with an improving real estate market, increasing their potential liabilities from claims. This may outpace the rising yields on bonds they added to their portfolios for covering the claims. In fact, the bonds in their portfolios will lose
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Stock under Analysts Consideration: Apollo Commercial Real Estate Finance, Inc. (ARI)

Apollo Commercial Real Estate Finance, Inc. (ARI) ended its last session at $17.88 by Declining -0.06%. The company currently has an average volume of 1.99 Million. Apollo Commercial Real Estate Finance, Inc. has its outstanding Shares of 107.59 Million. Market capitalization is the total market value
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Tough Sell for BlackRock, Aviva to Join Italian Bond Comeback

While Italian bonds are an attractive buy for foreign investors on a currency-hedged basis, Aviva money manager James McAlevey prefers owning European bank debt, which have similar yields but are less exposed to a slowdown in European Central Bank buying. He has a neutral position on Italy's
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How Did American Media Inc. Prevent Karen McDougal From Telling Her Donald Trump Story?

Former Playmate Karen McDougal is now free to discuss her alleged affair with Donald Trump with whomever she wants, after settling a suit with the owner of the National Enquirer. But the case made many people wonder: Why couldn't she do so before? And why would American Media Inc.—which
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Bucking a trend, Frontier Bank to expand with 3 Austin-area branch offices

The bank intends to use half of the building on Greg Manor Boulevard near State Highway 290 for a branch office and lease out the other half to a title company. The building, expected to open in the fall, is being marketed by Kevin Murphy of Retail Solutions. Embree Construction of Georgetown handles
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Four-Year Highs for Mortgage Rates and Home Prices

It was up-up-and-away in the latest housing data, with mortgage rates and home prices both hitting four-year highs. … two-thirds of that sum traced to the hurricane-affected areas of Texas and Florida (Black Knight does not include the Hurricane Maria-related damage in Puerto Rico in its national data).
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Sweden's Very Own Bitcoin. What Could Possibly Go Wrong?

The finance industry's attitude to automation and technical innovation resembles the old song lyric: “Everybody wants to go to heaven, but nobody wants to die.” Bank executives love to warn of robots replacing humans across the industry, but basic IT management often seems beyond them.
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Real Estate – April 19

The following real estate transfers were recorded recently in the Hancock County Recorder's Office: March 30. Sharon K. Adams to Mark M. and Katherine L. Riffle, 2155 S. Oakwood Drive, Sugar Creek Township, $278,500. Trent M. and Amy Bell to Bradley J. and Alissa N. Lockwood, 9872 N. Port Drive,
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SimCorp reveals fixed income revenues hamstrung by fragmented operations

SimCorp reveals fixed income revenues hamstrung by fragmented operations

Some 66 percent of fixed income professionals are seeking to reduce high operating costs, according to a survey by SimCorp. In a report, SimCorp suggested that these high operating costs would be treated as the number one priority for respondent's in 2018. The report entitled 'Fixed Income 2018:
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Is Majordomo Already Changing Real Estate Fortunes in Far Chinatown?

Real estate heat. It's always amazing to watch the impact that one or two groups can have on a neighborhood. For places like Chinatown that person has historically been George Yu, the neighborhood's Business Improvement District executive editor. But even he's got to hand it to David Chang of
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Blackstone Real Estate MD Stuart Grant Leaving for London Developer Stanhope

Stuart Grant, who leads asset management for Blackstone Real Estate's investments in Asia Pacific, will be stepping down from the US alternative investment giant to join London-focused developer Stanhope Plc as Managing Director later this year. Grant currently serves as Senior Managing Director
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Selling to America: the radical makeover of Goldman Sachs

Goldman is looking for talent in unusual places because it is trying to pull off a radical makeover, offsetting persistent weakness in its core business of trading by pushing into lending. The most obvious sign of that effort is Marcus, the online-only bank: it has raced to about $3bn of consumer loans in 18
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Online fund transfer to any bank from June

Fund transfer to any Bangladeshi bank account through online banking will become possible from June, in a development that promises to be a great timesaver for bank customers. For that end, the central bank has asked all banks in the middle of February to connect their fund transfer channel to the
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Nest Is Giving Away 1 Million Thermostats to Low-Income Households

Nest announced its new Power Project Thursday to help raise awareness on how energy costs can affect low-income households. Low-income households spend three times more of their income than the United States average to heat and cool their homes, according to a release from Nest. The U.S.
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Philip Morris Plunges the Most in a Decade on Slump in Cigarettes

As global smoking rates decline, tobacco companies are trying to keep up performance by boosting prices and introducing new products. Philip Morris has introduced iQos into 38 markets. Chief Executive Officer Andre Calantzopoulos has said he envisions a world where all 1 billion smokers have
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Indebted Chicago Suburb Catches a Break With Naming Rights Deal

SeatGeek is buying the naming rights to the 20,000-seat stadium that's home to Major League Soccer's Chicago Fire, a much-needed boost for a surrounding suburb that's been crippled by debt related to the 12-year-old venue. The village of Bridgeview, which owns the venue, had about $260 million of
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Free Trips, Tech Booms and Good Oysters

Bitcoin is really worth somewhere between $20 and $800,000, according to economic theory and a night of drinking (Bloomberg); From Hawaii to Italy, free trips fuel retirement savings sales push (Politico); 7 Secrets of Warren Buffett's Success (Safal Niveshak); Americans who complain about rising gas
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Amazon Is Defined by Billions and Millions; Median Salary Is $28446

April 19, 2018, 7:32 AM PDT Updated on April 19, 2018, 9:09 AM PDT. Photographer: Jim Young/Bloomberg. AMAZON.COM INC. +23.23. As of 2:21 PM EDT. 1551.07 USD. The big numerical reveal on Wednesday was Amazon.com Inc. finally spilling the beans on the number of Prime members (more
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Home prices just took the biggest jump in four years

Homebuyers, hold onto your wallets. The gains in home prices are getting bigger as the supply of homes for sale gets leaner. The median price of a home sold in March surged 8.9 percent compared with March 2017, according to Redfin, a real estate brokerage. It is the biggest annual increase in four
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Farmers' group complains against palay buying price

From what we have witnessed during the International Fact-Finding Mission in several regions in Mindanao, it is the Armed Forces of the Philippines (AFP), as sanctioned by their commander-in-chief, who are irrepressible in their misconduct and grave abuse of authority under martial law,” claimed KMP
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Wunder Capital raises USD 112m to step up solar project lending

April 19 (Renewables Now) – Wunder Capital, a US financial technology company providing financing to solar projects, has raised USD 112 million (EUR 90.4m) in equity and debt to support its expansion in the commercial photovoltaic (PV) market. The Series B financing round was led by New
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People helping society make Fortune's list of world's greatest leaders

NEW YORK, April 19 (Thomson Reuters Foundation) – Fighters for social, economic and environmental justice earned places on Fortune's list of the World's 50 Greatest Leaders on Thursday, cited for their exceptional skills at building their organizations' effectiveness. Ranging from little known to widely
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Volusia, Flagler housing market continues to sizzle

Summer might be just around the corner, but for the area's housing market, the heat is already here. Builders in Flagler pulled permits to start 326 new homes, including 126 in March, the most in a month since May 2006 and most in a quarter since the second quarter of 2006. Their counterparts in
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Lending a helping hand to the community

Marines volunteered to assist the Onslow County Animal Shelter via the Lejeune-New River Single Marine Program, Monday. This week through April 21 as part of the 2018 Single Marine Program Days of Service, hundreds of Marines will be volunteering throughout the community. According to Brig.
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European Commission publishes draft regulation on CCP transitional period

The European Commission has published a draft implementing regulation to extend the transitional period for own funds requirements for exposures to central counterparties (CCPs). If the regulation is adopted, the transitional period will be extended by an additional six months until 15 December 2018.
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Family Building Society to launch retirement-interest only mortgage

Family Building Society wants to launch into retirement interest-only mortgages, Keith Barber, director of business development at the society revealed. Barber said he'll be able to discuss the society's launch in more detail by the end of Q2. Family will also make changes to its offset range around
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Nick Saban listed among 'World's Greatest Leaders' by Fortune

Another national championship means Nick Saban has returned to Fortune's annual list of the “World's Greatest Leaders.” Saban checks in at No. 12 on the list, and the highest ranking sports figure. Tennis superstar Serena Williams at No. 15 and the “Gymnasts and Their Allies” — those who banded
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Mortgage rates highest since 2014; lenders allowing up to 85% cash-out mortgages

The Mortgage Bankers Association reported a 4.9 percent increase in loan application volume from the previous week. … What I see: Locally, well-qualified borrowers can get the following fixed-rate mortgages at zero-point cost: A 15-year at 3.875 percent, a 30-year at 4.25 percent, a 15-year agency
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