Wells Fargo hit with record finds, will pay $1 billion for mortgage, auto lending abuses

Wells Fargo hit with record finds, will pay $1 billion for mortgage, auto lending abuses

Wells Fargo will pay $1 billion to federal regulators to settle charges tied to its mortgage and auto lending business, the latest chapter in years-long, wide-ranging scandal at the banking giant. However, it appears that none of the $1 billion will go directly to the victims of Wells Fargo's abuses.
See Original Article

BRIEF-Freddie Mac Prices $1.1 Billion Multifamily K-Deal, K-075

April 20 (Reuters) – Federal Home Loan Mortgage Corp : * FREDDIE MAC PRICES $1.1 BILLION MULTIFAMILY K-DEAL, K-075. * FREDDIE MAC – EXPECTS TO ISSUE ABOUT $1.1 BILLION IN K CERTIFICATES (K-075 CERTIFICATES), WHICH ARE EXPECTED TO SETTLE ON OR ABOUT APRIL 27,
See Original Article

Industry Interview: How the Broadway League Is Helping International Tourists Plan Ahead for …

It was felt that most of the international theatergoers that come to the city wait until they get to the city to buy their tickets. They may not get the best seats. They may not get the shows they want. It's our goal to get them to be aware of how to buy tickets and how to buy their tickets before they get here.
See Original Article

The Case For Owning Bitcoin and a $1 'Stablecoin'

“Our thesis is that the volatility of cryptocurrencies is actually largely blocking mainstream adoption,” Al-Naji said on Fortune's latest episode of Balancing the Ledger, a weekly show about blockchain technology and fintech cohosted by Robert Hackett and Jen Wieczner. “If you look at something like
See Original Article

Mortgage Regulations Cool March Home Prices

“Government policy changes have made homebuyers and sellers increasingly uncertain about the outlook for home prices,” said Canadian Real Estate Board (CREA) President Andrew Peck. “The extent to which these changes have impacted housing market sentiment varies by region.” Ontario's Fair
See Original Article

Wells Fargo agrees to pay $1 billion fine — but victims likely won't see any of it

Separately, Wells Fargo, the nation's largest mortgage lender, has admitted that thousands of mortgage customers were forced to pay unnecessary fees to lock in the interest rates on their home loans. “Wells Fargo had achieved a really lofty reputation, but that reputation has now fallen down to average
See Original Article

CoreSite Announces Amended and Expanded Credit Facility Increasing Total Borrowing Capacity …

DENVER–(BUSINESS WIRE)–Apr 20, 2018–CoreSite Realty Corporation (NYSE:COR), a premier provider of secure, reliable, high-performance data … and information security; significant industry competition; financial market fluctuations; and other factors affecting the real estate industry generally.
See Original Article

Facebook Fixes Won't Be Easy

Many agree that Facebook needs to make some changes. But those changes are a lot more complicated than the public conversation suggests. Let's discuss three of what would seem to be the simplest moves Facebook could make: tighter standards for political speech, user verification, and allowing
See Original Article

Wells Fargo pays $1 billion to settle investigations of auto loans, mortgages

Wells Fargo, the lender grappling with fallout over millions of phony accounts and government restrictions on its growth, agreed to pay $1 billion in civil penalties to settle investigations of its automotive- and mortgage-lending practices. The settlement follows talks with the Consumer Financial Protection
See Original Article

What would a base rate rise to 2% mean for your mortgage?

Interest rate rises may be gradual, but they won't be glacial, Michael Saunders, a member of the Bank of England's rate-setting committee has said, hinting that homebuyers could see the base rate rise to 2% before long. So what would happen to your mortgage (and savings) if and when rates are hiked
See Original Article

Rhode Island's capital aims to create affordable housing

PROVIDENCE, R.I. (AP) — Providence is trying to figure out how create more affordable housing. The City Council passed a resolution Thursday night creating a commission to look at why housing is expensive in Providence and what can be done about it. Spokesman Billy Kepner says the commission
See Original Article

How the Heartland Could Compete With Silicon Valley

This article first appeared in Data Sheet, Fortune's daily newsletter on the top tech news. To get it delivered daily to your in-box, sign up here. Good morning from Chicago, where last night my colleagues and I hosted a dinner to kick-off the Brainstorm Reinvent conference in this great city in September.
See Original Article

Investors Title (ITIC) Earning Somewhat Favorable Media Coverage, Report Shows

News stories about Investors Title (NASDAQ:ITIC) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a
See Original Article

BCAR: Real estate market red-hot as summer approaches

Brunswick County's residential real estate market continued to show steady, strong growth through the first quarter of 2018, with total sales volume outpacing the first quarter of 2017 by 26.2 percent, according to the latest statistics released by the Brunswick County Association of Realtors.
See Original Article

Freddie Mac plans rep and warrant relief for self-employed income

A data validation integration Freddie Mac is adding to its technology platform this summer could also deliver representation and warranty relief to lenders when it verifies self-employed borrowers' incomes. So far the only company Freddie has approved for this type of data validation is LoanBeam,
See Original Article

JHREA releases quarter one market report

JACKSON, WY— Jackson Hole Real Estate Associates proudly released 2018's quarter one market report this week. The detailed report presents information on the market segments making up the Jackson Hole area. As the market leader in Jackson Hole, JHREA has developed a more dynamic report
See Original Article

Wells Fargo hit with $1 billion fine

The consent orders from the two agencies described how the bank unfairly disregarded its advertised process of locking-in interest rates for mortgages, as well as unfairly foisting insurance on customers taking out auto loans. If a closing of a mortgage dragged on due to Wells Fargo and not the customer
See Original Article

Hedge Fund Titans Pull Money From Funds for Huge Tax Bills

Hedge-fund billionaires were already struggling to keep investors from heading out the door. Then along came another problem: big tax bills. David Einhorn, John Paulson, Steve Cohen and other high-profile managers cumulatively owed billions of dollars to federal, state and local governments for
See Original Article

Wells Fargo to pay $1 billion fine for mortgage, auto lending abuses

SAN FRANCISCO — Wells Fargo agreed on Friday to pay a $1 billion fine to government regulators to settle the banking behemoth's misdeeds over improper practices in its auto insurance and mortgage businesses, the latest scandal to engulf the banking behemoth — but victims of the abuses will
See Original Article

Clark appointed to Arizona Water Banking Authority

Doug Ducey recently appointed Vice Mayor Mark Clark as a commissioner to the Arizona Water Banking Authority. The Arizona state senate … AWBA stores or “banks” unused Colorado River water for use in times of shortage in order to secure water supplies for Arizona. Clark's appointment fills a seat
See Original Article

AT&T, Verizon Face US Probe Over Mobile Technology

AT&T, Verizon Face US Probe Over Mobile Technology

Verizon and AT&T fell on the news. Verizon closed down 1.1 percent to $47.90 after losing as much as 2.5 percent. AT&T, which is fighting the Justice Department's efforts to block its takeover of Time Warner Inc., dropped 1.9 percent but recovered to close at $34.67, down 0.4 percent. While the Justice
See Original Article

The Home Depot, Inc.: Buying E-Commerce At Ground Level

Technology leads the charge at Home Depot; Home Depot has a strong price support level between $170 and $180, while EPS grows 30% Y-O-Y. Despite more than 3,800 retail store closings for 2018, Home Depot is spending an extra $11.1 Billion on stores and E-Commerce in the next three years.
See Original Article

'OPEC Is at It Again.' Trump Slams Cartel for Inflating Oil Prices

U.S. President Donald Trump slammed OPEC for inflating oil prices after the cartel showed a willingness to further tighten crude markets. “Looks like OPEC is at it again,” Trump said on Twitter, not long after energy ministers finished their meeting in Jeddah, Saudi Arabia. “Oil prices are artificially Very
See Original Article

Berkeley Point Capital Provides $59M Fannie Mae Refi

Berkeley Point's production team, coordinated by Mitch Clarfield and Joshua Braceros of the company's Santa Monica office, facilitated the debt placement by soliciting Fannie Mae, Freddie Mac and CMBS executions. Located at 1801 Interface Lane, between IBM Drive and Mallard Creek Road, the
See Original Article

Wells Fargo hit with big penalties for mortgage, auto insurance practices

Both regulators said Wells Fargo wrongfully charged some customers to extend lock-in periods for mortgage interest rates when it was the bank's fault that loans did not close within a certain time frame. The regulators also faulted the bank for improperly forcing and maintaining auto insurance on some
See Original Article

Ameris Bancorp Announces Financial Results For First Quarter 2018

bank premises. For the quarter ended March 31, 2018, the Company's adjusted return on. average assets was 1.44%, compared with 1.27% for the first quarter of. 2017. Commenting on the Company's earnings, Edwin W. Hortman, Jr.,. Executive Chairman, President and Chief Executive Officer of the.
See Original Article

Everyone Talks About Apple's Changing Business Except Apple

The company can pick up some of the slack by charging higher prices, releasing more products to gin up fresh sales and squeezing more money from Apple device owners through music and news subscriptions, app downloads and more. But there's risk and uncertainty — and also potential — in Apple
See Original Article

Wells Fargo slapped with $1B fine for lending abuses

Wells Fargo slapped with $1B fine for lending abuses. By Brittany De Lea Published April 20, 2018 Business LeadersFOXBusiness. Facebook; Twitter; Comments; Print. Judge Andrew Napolitano reacts to whether criminal charges could be filed against Wells Fargo, which video
See Original Article

Engineers Are Leaving Trump's America for the Canadian Dream

Rather than deal with each one individually, he registered a website, MOVNorth.com—a reference to MOV, a classic coding command for copying data from one location to another—and wrote everything down there. He shared the URL on LinkedIn—of course—hoping it would help a few people.
See Original Article

Fortune names De Lima as one of world's greatest leaders

MANILA, Philippines — Sen. Leila De Lima is among the world's greatest leaders, a New York-based business magazine said. Fortune Magazine included De Lima, one of the most outspoken critics of President Rodrigo Duterte's administration, in the annual list of who it deems the “World's 50 Greatest
See Original Article

Term Sheet — Friday April 20

Good morning, Term Sheet readers. Jen Wieczner filling in for Polina today. Follow me on Twitter @jenwieczner or email me at jen.wieczner@fortune.com. On Wednesday, my colleague Robert Hackett brought you the news that the startup behind cryptocurrency Basis raised $133 million from Bain
See Original Article

Redfin Ranks the Top 10 Neighborhoods for Green Homes in 2018

To determine that figure, Redfin data scientists analyzed real estate listings for all the homes sold between January 1, 2017 and April 2018 in more than 80 major metropolitan areas. Redfin … To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin's
See Original Article

How TokeTV is banking on legalizing marijuana

Watch the video to find out how the founders of Toke.TV, the first live-streaming video platform and social community built for cannabis enthusiasts and the cannabis curious, are looking to disrupt that narrative and the video streaming industry.
See Original Article

How Social Media Is Being Used to Sell Real Estate

Imagine being able to show detailed listing information to every newlywed couple in their 30s within a 20-mile radius. While this would be impossible to execute in person, Facebook's ability to target posts and ads to your core demographics are invaluable. 69 percent of real estate agents use Facebook
See Original Article

Development for security: Lending for peace?

One of the first things that visitors see when entering the World Bank headquarters in Washington, D.C., is a small plaque proclaiming a grand aspiration: “Our dream is a world free of poverty.” Over time, this mantra has become associated with projects ranging from building dams and highways,
See Original Article

Austin real estate market continues to shatter records with best March ever

Just when you thought it couldn't get hotter, Austin's real estate market continues to shatter records. According to the Austin Board of Realtors March 2018 Market Report, Austin home prices are on the rise while time properties spend on the market falls. The Austin-Round Rock housing market saw a
See Original Article

Is Buying Concordia International Corphares (NASDAQ:CXRX), Having Lower Short Interest a …

Concordia International Corp. (NASDAQ:CXRX) has declined 69.63% since April 20, 2017 and is downtrending. It has underperformed by 81.18% the S&P500. Concordia International Corp., a specialty pharmaceutical company, through its subsidiaries, owns or licenses a portfolio of branded and
See Original Article

Banking Royal Commission 'a trainwreck', says Wacka Williams

The Royal Commission into banking has taken a major scalp today as AMP CEO Craig Meller resigned with immediate effect. It comes as the Commission heard the insurance giant lied to ASIC on 20 occasions. Today, the Commision heard how a Westpac financial adviser only signed up clients to meet
See Original Article

Banking royal commission: The remarkable hypocrisy of AMP

Reflecting what AMP says is “Our culture of help”, Meller stood on a stage at the Sydney Town Hall in 2015 and handed out $1 million in grants to 42 worthy Australians, including a Paralympic swimmer, an artist, an astronomer, a disability advocate and a marine scientist. The normally introverted banker
See Original Article

Bureau of Consumer Financial Protection Hits Wells Fargo With $1 Billion Fine

As explained in the Consent Order, the Bureau found that Wells Fargo violated the Consumer Financial Protection Act (CFPA) in the way it administered a mandatory insurance program related to its auto loans, and a violation of the CFPA in how it charged certain borrowers for mortgage interest rate-lock
See Original Article

He Wasn't Just a Soccer Coach

He Wasn't Just a Soccer Coach

A few losses become a steady stream of bad news. Journalists pounce; or in the case of soccer, hyper-critical fans. I confess to a weakness for Arsenal and Wenger, but I'm the kind of casual fan who can shrug off a loss. I know Arsenal diehards who spend the entire weekend in a clinical depression after
See Original Article

SunTrust Says Data on 1.5 Million Customers May Have Been Stolen

SunTrust Banks Inc., Georgia's largest lender, said it's investigating a former employee that might have stolen personal data on 1.5 million customers. Information such as names, addresses, phone numbers and account balances might have been exposed, the Atlanta-based lender said Friday in a
See Original Article

Newsmaker of the Week: Trends in Baton Rouge real estate seminar

Despite facing pressures from the rise of e-commerce and the prolonged recovery from the August floods, the greater Baton Rouge real estate market appears to be heading in a positive direction this year, local experts told a packed house at the annual Trends in Baton Rouge real estate seminar on
See Original Article

In Trump's Texas, 'Artificially Very High' Oil Is a Job Booster

“Trump is starting to be a little sensitive to whether or not the impact of tax cuts and things like that are likely to produce the growth he is looking for,” said Katharine Bays, an analyst at Height Capital Markets. “I wonder if some of what he is internalizing here is that these higher oil prices are causing some
See Original Article

Why on earth are you still letting big banks screw you?

Wells Fargo stole the headlines yet again today for defrauding its clients. The bank was fined $1 billion today for selling over 500000 clients auto insurance they didn't need (which in some cases caused the owners to default on their car loans and get their cars repossessed) and for charging…
See Original Article

Venezuelan Demand for Bitcoin Reaches Record Level in April

Dire economic conditions and annual inflation of an astonishing 4,000% are prompting Venezuelans to seek salvation in cryptocurrencies. They spent the record bolivar equivalent of $1 million buying Bitcoins on Tuesday and converted them into dollars or other foreign currencies to bypass currency
See Original Article

In recent housing changes, Grand Forks council president sees a misstep

“I believe that the special assessment deferral caused a shock to the housing market,” he said. “It enticed a builder from Fargo to come to town. But at the same time, it created uncertainty for both home-buyers that would be buying in Grand Forks as well as home-builders that would traditionally build
See Original Article

US banks push mortgage apps as home lending slows

“Buying a house is supposed to be a joyful thing,” said Steve Boland, Bank of America's head of consumer lending. “Filling out 330 fields is not, I think, something that brings you joy.” Refinancing volumes have plunged as interest rates have risen, meaning lenders must compete for a much smaller
See Original Article

Sink or swim for Deutsche's investment banking

When deciding whether to radically shrink its securities trading business, Deutsche Bank should toss its ideological ballast overboard. On one hand, this means stepping back from today's ritual bashing of investment banking, and on the other, quashing nostalgia for “the good old days” when Germany's
See Original Article

PAPIO-MISSOURI RIVER NATURAL RESOURCES DISTRICT EXPENDITURES

… MID-AMERICAN BENEFITS, $6,417.64; MIDAMERICAN ENERGY, $237.57; NATIONWIDE INSURANCE, $14,834.34; NEBRASKA DEPT OF REVENUE, $11,357.91; NEBRASKA TITLE COMPANY, $394,321.04; NEBRASKA WATER ENVIRONMENT ASSOCIATION, $300.00; OMAHA PUBLIC POWER
See Original Article

DNC Sues Trump Campaign, WikiLeaks, Russia Over Election Interference

The Democratic National Committee sued Russia, the Trump campaign and WikiLeaks claiming widespread interference in the 2016 election as part of a “brazen attack on American democracy.” The civil lawsuit could force President Donald Trump's 2016 staffers to answer questions under oath about
See Original Article

Should Investors Listen To Analyst Recommendations?: Ctrip.com International, Ltd. (CTRP)

Ctrip.com International, Ltd. (CTRP) reported loss -0.55% in recent buying and selling session with closing price of $ 43.10. The stock's traded 3.85 million shares in session while it holds an average volume of 5.12 million shares. The CTRP switched 1.75% away from its 52 week minimum and distanced
See Original Article

Fortune's greatest world leaders

Fortune magazine just released its annual list of the world's 50 greatest leaders. Check out who topped the list. [ + – ]. Serena Williams victory at Indian Wells.jpg46455139. Jeff Gross/Getty Images. 15. Tennis star Serena Williams [ + – ]. Tim Cook, June 5, 201792534405. Justin Sullivan/Getty Images. 14.
See Original Article

Trump Slams OPEC as Cartel Pushes Harder for High Oil Prices

U.S. President Donald Trump slammed OPEC for inflating oil prices after the cartel showed a willingness to further tighten crude markets. “Looks like OPEC is at it again,” Trump said on Twitter, not long after energy ministers finished their meeting in Jeddah, Saudi Arabia. “Oil prices are artificially Very
See Original Article

West Virginia teachers placed on Fortune "World's 50 Greatest Leaders" list

BRIDGEPORT, W.Va. (WDTV) — Fortune magazine has placed West Virginia teachers on their 2018 list of “The World's 50 Greatest Leaders.” In the entry, the publication writes in part that “For years, it has been universally acknowledged that American public school teachers are woefully
See Original Article

Trump Laments Flynn's Life Is Destroyed While Comey Makes 'Lots of Money'

President Donald Trump kept up his war of words with James Comey on Friday, calling the former FBI director's new book “third rate,” and suggesting it's unfair that Comey is profiting. “So General Michael Flynn's life can be totally destroyed while Shadey James Comey can Leak and Lie and make lots of
See Original Article

Former ICE agent admits to defrauding Fannie Mae, SunTrust in short sale scheme

According to the Department of Justice, Shauna Sutherland pleaded guilty this week to one count of wire fraud related to the scheme. As part of her plea agreement, Sutherland admitted to defrauding SunTrust Mortgage and Freddie Mac into allowing a short sale of a property she owned in Georgia to a
See Original Article

Wells Fargo to be hit with $1B fine by federal regulators

Their mortgage practices weren't any more ethical [VIDEO] as they charged customer's unnecessary fees to lock in the interest rates on their mortgages. These costs, while not directly tied to default rates, were just another obstacle created by big banks that make it harder for the average American to buy
See Original Article

Bureau of Consumer Financial Protection Announces Settlement With Wells Fargo For Auto-Loan …

The Bureau also found that Wells Fargo violated the CFPA in how it charged certain borrowers for mortgage interest rate-lock extensions. Under the terms of the consent orders, Wells Fargo will remediate harmed consumers and undertake certain activities related to its risk management and compliance
See Original Article

Climate Fears Reshape Miami's Home Prices

MIAMI—Concerns over climate change are beginning to reshape one of the country's largest housing markets, with properties closer to sea level now trading at discounts to those at higher elevations. Research published Friday in the journal of Environmental Research Letters shows that single-family
See Original Article

Impossible Foods' Quest to Save the Planet Fails to Impress FDA

Impossible Foods' Quest to Save the Planet Fails to Impress FDA

Biochemist Patrick O. Brown, founder of Impossible Foods Inc., invented a “magic ingredient” that solves what he calls the planet's biggest environmental problem: beef. The ingredient, made from soybean roots and genetically engineered yeast, goes into vegetarian Impossible Burgers, which are
See Original Article

PR: After the First Blockchain Transaction in US, Real Estate Marketplace Propy Announces a New …

To further develop the Decentralized Registry, Propy is announcing a Developer Program – designed to encourage blockchain developers and researchers to build efficient solutions for the real estate market, on top of Propy's registry. The first phase of the program will be: localizations for the Title
See Original Article

Ohio Democrats Aren't Banking On A Blue Wave

YOUNGSTOWN, OHIO — Ahead of Ohio's May 8 primary election, die-hard Democrats like Dave Betras are watching closely, but skeptically, for signs of 2018's predicted “blue wave.” “It's like Donald Trump threw chum in the water and brought out swarms of sharks,” Betras, the chair of the Mahoning
See Original Article

'Ruthless, careless and irresponsible': readers share banking nightmares

Commonwealth Bank employees charged clients who were dead for a decade, for services they never provided, not even when they were alive, conceding they were the “gold medallists” of “fee-for-no-service” banking. And AMP executives have admitted lying to the corporate regulator Asic in an
See Original Article

Consumer credit eases pain of business lending slump

Bankers can only hope their favorite tonic for the commercial lending slowdown — the retail lending renaissance — keeps its fizz for just a little while longer. The commercial slowdown is well into its second year, and the level of frustration bankers are expressing about it is on the rise. You could hear it in
See Original Article

HK home owners now a minority as prices keep on rising

HONG KONG • For the first time in almost two decades, home owners are in the minority in Hong Kong, underlining the city's status as the world's least affordable property market. Only 49.2 per cent of domestic households in Hong Kong owned the quarters they occupied as of the end of last year, the
See Original Article

In First Post-Merger Hires, Hunton Andrews Kurth Adds Real Estate Duo

Hunton Andrews Kurth, the product of the latest Big Law merger to be consummated this year, is only 17 days old. But the firm has already announced its first lateral hires, picking up a pair of real estate partners in Miami and Los Angeles. “I came the day after the merger was official,” said Miami partner
See Original Article

IBS ranks Temenos #1 best-selling end-to-end banking software provider in the international market

1 best-selling digital banking and channels system with Temenos Channels • #1 best-selling core banking system with T24 Core Banking for 13 years • #1 best-selling compliance and risk management system.
See Original Article

Top story: Sky and Fox up FuboTV investment as OTT platform raises US$75m.

Athletics: Abbott and the World Marathon Majors have announced the renewal of the American health care company's title sponsorship until 2023, with the new four-year agreement beginning in 2019. The AbbottWMM series consists of the Tokyo, Boston, Virgin Money London, BMW BERLIN, Bank of
See Original Article

Tesla Shares Fall as New Workplace Investigation Revealed

CAL-OSHA told Fortune it was notified April 10 of a serious injury suffered the previous morning by a millwright employed by Automatic Systems. The worker, a 30-year-old man, was struck by a skid carrier and was transported to the San Jose Regional Hospital with a broken jaw and laceration to the
See Original Article

Wells Fargo Hit With $1 Billion Fine For Lending Practices

The penalty stems from some of the bank's car insurance and mortgage practices. Court documents say the bank forced hundreds of thousands of customers to buy unnecessary car insurance. And for mortgages, it sometimes charged home buyers a fee that the bank should've paid. Beyond the fine, the
See Original Article

American Lending Center is Leading Voice at IIUSA's Annual EB-5 Advocacy Conference

WASHINGTON–(BUSINESS WIRE)–American Lending Center (ALC), a leading EB-5 regional center and subsidiary of Regional Centers Holding Group, will participate in and sponsor Invest in the USA (IIUSA)'s 2018 EB-5 Advocacy Conference and its inaugural Industry Achievement Banquet.
See Original Article

Wells Fargo slammed with $1 billion in fines for mortgage, auto loan abuses

Wells Fargo has been hit with $1 billion in fines due to a number of unsavory banking practices, like charging customers unfair mortgage fees and forcing them into auto insurance. The penalty was announced Friday by the Consumer Financial Protection Bureau (CFPB), which said that Wells Fargo's
See Original Article

How Booming Salt Lake City Can Keep Housing Affordable

Unfortunately, even this unprecedented building boom is not enough to keep up with the city's increasing housing demand. Salt Lake City is experiencing record-low vacancy rates, housing affordability is a challenge at nearly every price point — and homelessness is a major concern.
See Original Article

Wells Fargo to pay $1B to settle claims of mortgage lending abuses

Wells Fargo will pay a $1 billion to settle several allegations, including that it improperly charged mortgage customers fees to lock-in interest rates. The Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency announced the settlement on Friday, following several reports
See Original Article

Bitcoin Is About to Have Its First Back-to-Back Weekly Gain in 2018

Bitcoin bulls are celebrating the virtues of the biggest cryptocurrency again. The digital coin gained as much as 4 percent Friday, putting it on pace for its first back-to-back week of gains this year. The mini-rally is helping to ease the pain from the more than 50 percent loss in the first quarter that followed
See Original Article

Another Safety Probe Hits Tesla After Subcontractor Breaks Jaw

Days before Tesla Inc. defended its safety record this week, California began inspecting an incident involving a subcontractor who was hospitalized after a piece of factory equipment broke his jaw. California's Division of Occupational Safety and Health was notified last week of a serious injury sustained
See Original Article

What the Future of Banking Looks Like

In the future, banking organizations will utilize the sheer volume of insights that they have at their disposal, eventually transforming into the most crucial aspect of a customer's digital financial ecosystem. Combining internal potential with external innovation, banks are already on the path of digital
See Original Article

The New Fear in Miami: Climate Gentrification

As concerns over rising sea levels reshape Miami's housing market, older neighborhoods that sit well above sea level face major changes in the years ahead. Jesse Keenan, a real-estate professor at the Harvard University Graduate School of Design, calls the process climate gentrification, in which
See Original Article

The SEC Just Did Brokers a Huge Favor

A DOL spokesman told Bloomberg Law a day after the decision that it will no longer enforce the fiduciary rule. Brokers were no doubt overjoyed, but it was a classic case of winning the battle and losing the war. Brokers now faced an existential problem, not just a regulatory one. Traditional brokerage
See Original Article

Pot May Be Legal in Your State—but That Doesn't Mean You Can Smoke It in Your Home

Pot May Be Legal in Your State—but That Doesn't Mean You Can Smoke It in Your Home

“Your home may or may not be your castle,” says Benny Kass, an attorney specializing in real estate at the Kass Legal Group in Washington, D.C. “The law is very clear that an owner in a homeowner's association, co-op or condo is bound by the rules and regulations and laws existing at the time of
See Original Article

LETTER: Not happy with us

It then stooped to a new level of low when someone managing the Chief's Facebook page elected to justify calling the project “towers” based on “journalistic principals” despite the fact that a quick search in Google that would include Dictionary.com, Wikipedia, Freddie Mac, City of Toronto all define the
See Original Article

How the humble postman will bring banking to your doorstep

The khaki-clad, now largely forgotten, 'dakia' is drafted in as a key player in the scheme of things to drive Prime Minister Narendra Modi's pet initiatives of Digital India and financial inclusion. Internet illiteracy in rural India where millions still use mobile phones for only voice communication is a major
See Original Article

Veterans Association of Real Estate Professionals

Andre Hobbs, the President of the San Diego Chapter Veterans Association of Real Estate Professionals was in studio talking more about VAREP's free summit designed to help Veterans learn how they can qualify for benefits. There are close to 250,000 Veterans in San Diego that are eligible for local
See Original Article

Berkshire Hathaway HomeServices NW Real Estate Open Houses: Seahurst, Burien, Tacoma …

The property showcases spectacular views of the City, Sound and the Majesty of the Olympic Mtns. 1st Floor has a bedroom with a bathroom. The middle floor is your LDK with floor to ceiling windows showcasing the enormous view. The top floor is your master suite. Expansive roof deck with views of
See Original Article

Arbor Realty Trust Schedules First Quarter 2018 Earnings Conference Call

Arbor is a Top 10 Fannie Mae DUS Multifamily Lender by volume and a Top Fannie Mae Small Loan lender, a Freddie Mac Program Plus Seller/Servicer and the Top Freddie Mac Small Balance Loan Lender, a Fannie Mae and Freddie MacSeniors Housing Lender, an FHA Multifamily Accelerated
See Original Article

New North Dallas office tower lands expanding property firm Compass

A fast growing real estate sales firm has has signed a large lease in a new North Dallas office building. New York-based Compass has rented 24,000 square feet in the new Terraces at Douglas Center at 5960 Berkshire Lane in Preston Center. Residential brokerage firm Compass' new Dallas regional
See Original Article

'Too Good To Fail': Big Ideas For A Big Bank With Values

People are distrustful of big banks, perhaps today more than ever before. It only takes a look at the financial crisis and subsequent trillion-dollar bailout of banks that were deemed “too big to fail,” or more recently the systemic fraud at Wells Fargo, to understand why. In a quest to scale a different kind of
See Original Article

Artificial intelligence will wipe out half the banking jobs in a decade, experts say

“Unless banks deal with the performance issues that AI will cause for ultra-large databases, they will not be able to take the money gained by eliminating positions and spend it on the new services and products they will need in order to stay competitive,” he said. Intensive hardware upgrades are often
See Original Article

There's a subtle shift underway at JPMorgan, and it shows how Amazon's influenced the Wall …

The US banking behemoth has a close relationship with Amazon, partnering with the company on healthcare along with Berkshire Hathaway. It's also reportedly held talks with Amazon over a partnership around a checking account-type product. It's a user of Amazon Web Services. But the relationship
See Original Article

A good year forecast for Fresno County real estate

So it was with seeming delight that experts in various aspects of real estate reported Wednesday to a crowd gathered at the DoubleTree by Hilton Hotel Fresno Convention Center that post-recession improvements to local real estate values seem likely to continue, though in some sectors at slower rates
See Original Article

Wells Fargo to pay US$1bn to settle mortgage, auto lending business abuse charges

Wells Fargo will pay US$1 billion to settle charges tied to its mortgage and auto lending business, the latest chapter in years-long, wide-ranging scandal at the banking giant. However, it appears that none of the $1 billion will go directly to the victims of Wells Fargo's abuses. In a settlement announced
See Original Article

Banking royal commission: Bank staff had nothing to lose

The Future of Financial Advice reforms, brought in by the then Labor government and bitterly opposed by the banking industry, ended new “conflicted remuneration” such as commissions. However, they allowed existing commissions to continue to flow and allowed new commissions to be paid on life
See Original Article

FAA Orders Emergency Inspection of Engines Used on Boeing 737s

The Federal Aviation Administration has ordered an emergency inspection of fan blades on certain engines that power Boeing 737 jetliners following an explosion on Southwest Airlines Flight 1380 that left one passenger dead. The order, announced on Friday, impacts 680 CFM56-7B engines
See Original Article

WWE Superstar Shakeup: 3 Potential Title Changes

With a massive amount of wrestlers signed to contracts and this being the first ever time the company would implement this idea, the original WWE draft consisted of 57 picks between the two brands and set an annual stage (except for 2003) for the company to use the draft as a way to “shake things up”.
See Original Article

The Best Banking Options for College-Bound Students

While a user-friendly bank website is a nice feature, and it's an added bonus if your bank boasts plenty of ATMs or excellent customer service, finding a financial institution that doesn't impose fees is key if you're on a tight budget. In particular, you'll want to sidestep overdraft fees, the pesky extra charge
See Original Article

Fiserv technology will enable voice banking on Amazon Alexa this year

Fiserv (Nasdaq: FISV), the provider of financial services technology, will deploy voice banking capabilities on the Seattle-based company's device sometime during the fourth quarter of 2018, said Scott Domach, vice president of digital banking at Fiserv. The voice banking capabilities will be available on
See Original Article

Trump Allegedly Lied About His Wealth to Get on the Forbes 400 List in the 1980s

A former Forbes reporter says that President Donald Trump lied to him in order to make the Forbes 400 list of the wealthiest Americans, including impersonating an aide who didn't exist to claim wealth he didn't have. An audiotape of the reporter's alleged 1984 conversation with Trump was published in
See Original Article

Affordable housing project carries steep price

A new five-story affordable housing project that would replace a downtown Taco Bell received enthusiastic support from a City Council subcommittee on Thursday. The project at 950 W. El Camino Real would create 71 badly needed affordable apartments, but it could require the largest city subsidy to
See Original Article

Opinion: Government can't deny its knowledge of bad banking culture shown in royal inquiry

Opinion: Government can't deny its knowledge of bad banking culture shown in royal inquiry. Dennis Atkins, The Courier-Mail … However, damning evidence to the Haynes banking royal commission this week exposed this conduct by the AMP board as a sham. The Clayton Utz review was anything but
See Original Article

Economic storm clouds gathering, despite rosy growth projections

Economic storm clouds gathering, despite rosy growth projections

In itself, a flattening yield curve does not mean the end of the world. It could mean that investors are worried that the U.S. Federal Reserve is jacking up interest rates too fast, or it could indicate a slowing economy. If the yield curve were to invert – that is, if short-term yields become higher than long-term
See Original Article

Royal Banking Commission findings conspiracy or incompetence?

Money Show host, Ross Greenwood is one of many who didn't think we needed a Banking Royal Commission. That was until revelations came out of proceedings, including financial planners who were deducting fees from deceased person's accounts. We've also heard that a former Westpac Financial
See Original Article

Inside the 1865sqm home of real estate identity Derek Whitcombe

What started out as an uninhabitable 80 hectare block of land in Wallaroo, NSW, is today the home of Canberra's Colliers International project marketer Derek Whitcombe. Mr Whitcombe bought the block, which sits on the Murrumbidgee River, in 1992 for $400,000 and transformed it into a family home
See Original Article

Real Estate Review Friday, April 20, 2018

Printed in the April 20, 2018 edition on page A1 | Published on April 20, 2018 | Last Modified on April 20, 2018 at 7:45 am. Search. Recent Posts. Real Estate Review Friday, April 20, 2018 · Picnic Day 2018 · Davis High teachers protest principal selection process · Agnew eclipses century mark in assists
See Original Article

Questor: London property prices are falling – here's why we're not cutting our exposure

Housebuilder Crest Nicholson, purchased at 435p in November 2016, provides the most direct exposure to the residential market. To date, it has been among the portfolio's best performers – rising by around 16pc. This is despite weak growth in southern England and flat or falling house prices.
See Original Article

What you need to know about the Wells Fargo settlement

The checks should be the mail for consumers affected by alleged improper auto loan and mortgage practices at lending giant Wells Fargo. The Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency announced a $1 billion settlement with the bank on Friday.
See Original Article

Washington's poshest real estate rentals, revealed

Whether you're on the prowl for a new place or not, it can occasionally be fun to step inside a luxury real estate listing to see what life could be like if money wasn't a concern. So what exactly does the upper-end of Washington's rental market look like these days — and just how top-tier are the features,
See Original Article

Green Homes Generate Greener Home Sales

Homebuyers are willing to open their wallets wider when it comes to purchasing property with green features, according to a new data analysis from Redfin. During 2017, green homes sold for $46,532 more than homes without green features. Redfin analyzed sales in more than 80 major metro areas
See Original Article

Big industrial deals have more real estate investors taking note of Denver market

Competition for homes in the Denver metro area has been fierce for years. Early activity in 2018 demonstrates the local commercial real estate market could be a battleground in its own right. The Pauls Corp. recently sold 14 Class A buildings in its DIA-area Gateway Park industrial development to real
See Original Article

Weekly Buzz: Corporate housing, affordability

The week's top stories cover a range of topics, from real estate board regulation, to the popularity and increased affordability of short-term rentals for … A Royal Bank of Canada (RBC) study released this month ranks Vancouver's housing market as the least affordable for any regional market ever
See Original Article

Repurposing America's underused spaces

Commercial real estate firm Avison Young released a report detailing recent trends related to repurposing older, outmoded buildings into residential, office, and retail spaces. The report, titled “Adaptive Reuse Projects: What's Old is New Again,” advocates for repurposing, arguing that when executed
See Original Article

The 4 Biggest Takeaways From Facebook's New Data Policy

Facebook users have long complained that the service's privacy settings and data collection information was too complicated and hard to find. In effort to reduce that confusion, the company has come out with a new privacy guide to go along with an updated data collection policy. The changes come in
See Original Article

Marijuana Dispensary Opens on Fifth Avenue in Manhattan on 4/20

On this 20th day of the fourth month in the year 2018, also known as Weed Day, a marijuana dispensary opened on Fifth Avenue in Manhattan. MedMen, the cannabis company with west coast locations from Los Angeles to Las Vegas, wants its flagship store in New York City to contribute to their larger
See Original Article

Solidifying gains in upscale market

Sound indicators continue to point to a bustling real estate industry. Despite the challenges posed by recent economic and political developments here and abroad, there are enough reasons to believe that the industry remains well poised to sustain its strong momentum—from the country's bullish
See Original Article

House in same neighborhood as Mar-a-Lago sells for about $10 million

Broker Christian Angle of Christian Angle Real Estate acquired the listing in January 2017 and had the house priced at $11.75 million, according to the local Multiple Listing Service. The property was listed with another agency beginning in early 2014. With longtime ties to Massachusetts, Richard Krock
See Original Article

Just Listed in Arlington

But interest rates shot up again this week by five basis points, according to Freddie Mac. The 30-yr fixed rate is now about 4.57% with no points. It's helpful for home buyers to understand there are two types of points when applying for a loan. Mortgage rates are always quoted as a combination of interest
See Original Article

To buy or to rent: The great homeownership debate

But after a financial crisis that sent home values tumbling, and with home prices now reaching astronomical levels due to a housing shortage, things have changed a lot just in the past decade. Finding an affordable home can mean moving away from jobs and increasing commute times, which explains
See Original Article

Blacks twice as likely as whites to have mortgage loans denied

Although denial of mortgage loans is at its lowest in 20 years, black applicants are still twice as likely as whites to get their requests for a conventional loan denied, according to The Real Deal. The gap was more striking in New York, where white borrowers had an 8.8 percent denial rate but black
See Original Article

Who's to Blame for Costly Oil: Saudis, Russia and Trump Himself

A Bloomberg survey of oil-market analysts found a 50-50 chance of a sanctions “snap-back,” which could halt as much as 800,000 barrels a day of exports … Trade Wars – Trump's tough trade talk, and tit-for-tat tariffs between the U.S. and China, have roiled global markets and raised the specter of further
See Original Article

Brainstorm Health: Marijuana Health Effects, Biogen Ionis Deal, Google's AI Reach

Happy Friday, readers. This is Sy. Today is April 20, aka 4/20, aka a day now synonymous with entirely too many bad marijuana puns online. The infamous “stoner holiday” is one of the best known elements of the cannabis boom and, perhaps inevitably given the drug's counter-culture reputation, invites
See Original Article

Reno-Sparks sets record at $375000 for median home prices in March

Reno-Sparks sets record at $375000 for median home prices in March

RENO-SPARKS, Nev. — Signaling a return of prosperity for the Northern Nevada housing market, the median price for a single-family home in the Reno-Sparks area broke a record set before the Great Recession, totaling $375,000 last month. The price is likely to keep increasing as the year progresses,
See Original Article

United Federal Credit Union names William Powers Mortgage Advisor in new South Bend Ireland …

JOSEPH, MI (April 20, 2018) — United Federal Credit Union (UFCU) has appointed William Powers to the position of mortgage advisor at its South Bend, Ind. branch located at 223 West Ireland Road South Bend, IN 46614. … To view video from the groundbreaking, visit https://youtu.be/m_ahUdpE1r0.
See Original Article

Pivotal CEO Rob Mee Talks Michael Dell and Cloud on IPO Day

… two lines of businesses threatened by cloud computing companies. In order to grow, Pivotal must ensure that its technology can run on any cloud computing environment as well as internal data centers, so that it's truly “infrastructure agnostic,” Mee said. Get Data Sheet, Fortune's technology newsletter.
See Original Article

Fico unveils new and improved banking tools

FICO today unveiled a host of new retail banking solutions that allow lenders to manage the credit lifecycle in a way that is smarter, faster and simpler. The innovations are designed to help support lenders with their digital transformations as retail banking continues to be shaped by the forces of mobile,
See Original Article

Colorado Was the First State to Legalize Marijuana. Now Its Governor Won't Rule Out …

Colorado Was the First State to Legalize Marijuana. Now Its Governor Won't Rule Out Recriminalizing It. Subscribe · Home · Subscribe · 40 Under 40 · 100 Best Companies to Work For · Fortune 500 · Global 500 · 50 Most Powerful Women in Business · World's 50 Greatest Leaders · World's Most Admired
See Original Article

Advice by Analysts to Buy Basic Materials Stock: Weatherford International plc (WFT)

The Dow Jones Industrial Average on today was trading near the lows of the session as a steady rose in the rates of long-dated Treasurys weighed on buying appetite for stocks. The ten-year Treasury note yield TMUBMUS10Y was hitting its highest level since Feb. 23, around 2.93 percent, according to
See Original Article

US fines Wells Fargo $1 bn for mortgage, auto loan violations

New York (AFP) – Wells Fargo will pay $1 billion in fines to address deficiencies identified by regulators in its mortgage and auto loan businesses, US officials said Friday. The big US bank, which has been under fire in the wake of a 2016 fake accounts scandal, will pay the fines to resolve actions brought
See Original Article

Condo creep continues near water in Vero Beach | Laurence Reisman

It might be the easiest real estate sale around. It's been done in Miami, Fort Lauderdale, Boca Raton and West Palm Beach. So why not Vero Beach? But sadly, this kind of redevelopment chips away at part of what makes Vero Beach so enjoyable. Bulldozing the restaurant and ice cream store near the
See Original Article

What you need to know about the US panel that can stop deals from transferring cutting-edge tech …

CFIUS has blocked several proposed Chinese acquisitions of US companies in the past year, including Chinese private equity firm Canyon Bridge Capital Partners's proposal to buy US chip maker Lattice Semiconductor Corp for US$1.3 billion and Ant Financial's attempt to buy MoneyGram International
See Original Article

What It's Like to Be a Soybean Farmer During a Trade War

Fortune 500 firms like agricultural equipment manufacturer John Deere have seen their stock prices take a hit, as skittish investors worry that coming tarris will clip profits, and U.S. whiskey, aircraft, and other products have also been targeted. History does not bode well for trade wars' victims, either. Scott
See Original Article

Bait and switch: In hot LA home seller's market, all-cash offers dangle then disappear

When Compass broker Stephen Kaseno was listing a home in Chatsworth a year ago, he got an enticing offer from a prospective buyer. The proposal was for an all-cash purchase on the $2 million property. But tempting as it was, something “didn't feel right,” Kaseno said. While examining the “Proof of
See Original Article

Brooklyn Real Estate Six Months Later: Three Sold, One Still Available

Here's a look at how four of our featured listings from six months ago fared on the market. The first on our list is a Clinton Hill townhouse that has what you want in an Italianate brownstone, with four large bedrooms and a beaut of a high-ceilinged parlor floor that offers graceful, detail-filled front and rear
See Original Article

Opinion: Real progressives would embrace Scott Wiener's SB 827 housing bill

Our city's and region's failure to build adequate housing is also exacerbating climate change by giving our middle-income workers no choice but to commute long distances in their cars. Meanwhile, homeowners sitting on million-dollar-plus properties benefit as the artificially constrained housing market
See Original Article

Rising mortgage rates could tighten housing market even more

Higher rates could also exacerbate the current supply crisis in the housing market. Sellers will have less incentive to put their homes on the market, because most have near record-low rates and would be buying into significantly higher rates. The market desperate needs more homes, especially
See Original Article

Wells Fargo fined $1 billion for mortgage, auto lending abuses

NEW YORK — Wells Fargo will pay $1 billion to federal regulators to settle charges tied to its mortgage and auto lending business, the latest chapter in a wide-ranging scandal at the banking giant. However, it appears that none of the $1 billion will go directly to the victims of Wells Fargo's abuses.
See Original Article

International Montoro Resources Inc (CVE:IMT): Risks You Need To Consider Before Buying

If you are looking to invest in International Montoro Resources Inc's (TSXV:IMT), or currently own the stock, then you need to understand its beta in order to understand how it can affect the risk of your portfolio. Generally, an investor should consider two types of risk that impact the market value of IMT.
See Original Article

Fintech in Germany

Important segments include regulatory technology companies and, due to Germany's consistently strong real estate market, property technology companies. The market disruption caused by the emerging fintech sector has stimulated various forms of collaboration between old and new players. Due to
See Original Article

Dominican Republic Announces Key 2018 Travel Trends and Initiatives

Industry experts at this year's Dominican Annual Tourism Exchange (DATE) conference announced several initiatives that will support these trends and exceed tourist's … The final phase will unveil a marina and convention center to its extensive real estate offerings of apartments and private bungalows.
See Original Article

Kraken Defies NY Attorney General's Cryptocurrency Inquiry

The“fact-finding inquiry” is part of his Virtual Markets Integrity Initiative, a program intended to “increase transparency and accountability” on platforms used to trade digital currencies and inform … Powell, in response to questions from Bloomberg, said it doesn't matter that one of them is New York.
See Original Article

Port St. Lucie woman competes tonight on 'Wheel of Fortune'

A Treasure Coast woman will compete tonight on one of America's most popular game shows. Wendy Quinlan, a retired teacher from Port St. Lucie, will spin the big wheel and pick consonants and vowels to solve puzzles — and hopefully win cash and prizes — on “Wheel of Fortune.” The game show
See Original Article

Highest March homes sales since 2008

Highest March homes sales since 2008

The numbers are in, and they tell us indicators for Golden and area real estate trends. In the Golden and area region, 15 homes sold last month. That's up about 88 per cent from March 2017, which is the highest amount of homes sold in March since 2008. Currently, Golden area is in short supply of
See Original Article

Wheeler Real Estate Investment Trust, Inc. (WHLR): Financial Stock to Track:

Wheeler Real Estate Investment Trust, Inc. (WHLR):. Every trading day indicate diverse behavior and trends about Wheeler Real Estate Investment Trust, Inc. (WHLR) stock. Now we observed the different factors that seen on close of Thursday session. At the end of the day, it's only a stock's performance
See Original Article

Nick Saban lands spot on Fortune Magazine's 'Greatest Leaders' list

One name stands out among the CEOs and politicians on Fortune Magazine's 2018 list of “The World's 50 Greatest Leaders” and that name is Nick Saban. The football coach at the University of Alabama since 2007, Saban has led the Crimson Tide to five of the program's 16 national titles and year after
See Original Article

'Very Unattractive' People May Be Making the Most Money, Study Finds

Pretty people may seem to have it all, but a new study says “very unattractive” people may actually be making the most money. “Very unattractive” participants earned significantly more than those who were considered attractive, according to a study published in the Journal of Business and Psychology.
See Original Article

People on the Move 4.20.18

They will co-lead NCRC to expand opportunities for affordable housing, economic development in low- and moderate-income communities, and fairness in financial services. The NCRC board of directors also announced that Taylor will lead a new political arm of NCRC, called Americans for a Fair Deal,
See Original Article

Saunders Makes Case for Rate Hike After Carney Rattles Markets

Bank of England policy maker Michael Saunders is sticking to his guns, arguing for further interest-rate increases the day after Governor Mark Carney came out with a surprisingly cautious outlook. “We do not need to set policy in a way that will create rising spare capacity or higher unemployment.
See Original Article

This Morning's Technical Outlook on Banking Stocks — Barclays, Credit Suisse, East West, and …

Companies in the Foreign Money Center Banks space offer financial services in foreign countries. Many times, they are multinationals and service many different countries. All you have to do is sign up today for this free limited time offer by clicking the link below. www.wallstequities.com/registration.
See Original Article

HW's Women of Influence nominations close one week from today

HousingWire's Women of Influence award is distinct from our other awards because it recognizes leadership within individual companies but also in the larger finance ecosystem. The women selected for this award hold impressive resumes attesting to their hard work and innovation in various fields, but
See Original Article

MBTA's real estate chief takes top state housing job

Janelle Chan, formerly the chief of real estate for the Massachusetts Bay Transportation Authority, has been named undersecretary for housing and community development for the state's executive office of housing and economic development. She will be responsible for designing and implementing
See Original Article

Wells Fargo to pay $1 billion fine to settle federal probes of mortgage, insurance sales

Wells Fargo will pay a $1 billion fine to settle charges the bank charged mortgage borrowers inappropriate fees and forced loan customers to purchase unnecessary auto insurance, the agencies announced Friday. The Consumer Financial Protection Bureau (CFPB) announced the settlement in
See Original Article

Investors Title Company (ITIC) Has Bullish Multiple Top Chart Pattern Trading At $191.64

Investors Title Company (ITIC) Has Bullish Multiple Top Chart Pattern Trading At $191.64. April 20, 2018 – By … 2 investors sold all, 20 reduced holdings as Investors Title Company ratio increased. 22 grew … Alliancebernstein Ltd Partnership has invested 0% in Investors Title Company (NASDAQ:ITIC).
See Original Article

Special masters eyed for Cohen probe all have RE fraud experience

Frank Maas, a former federal judge in the Southern District of New York, assisted in a 2016 case brought by Preet Bharara against Rockwell Gajwani, the CEO of Manhattan real estate firm Trevi Retail, who pleaded guilty to charges of tax evasion and embezzling $1.6 million from his real estate business
See Original Article

Greater Hartford Home Sales, Prices Up in March

Home sale prices in greater Hartford rose for the third month in a row in March — a hopeful lead-in for the spring home buying market — but some say there are reasons to remain cautious. “There are some positive signs to take note of, InfoSys bringing in 1,000 jobs,” Donald L. Klepper-Smith, chief
See Original Article

Wells Fargo Hit With $1 Billion Fine For Mortgage, Auto Lending Abuses

Wells Fargo is the nation's largest mortgage lender. The problems with Wells Fargo this time are not tied directly to its well-known sales-practices scandal, where the bank admitted its employees opened as many as 3.5 million bank and credit card accounts without getting customers' authorization.
See Original Article

Gympie region's rental crisis hits a new low

RENTAL vacancy rates in Gympie have plunged from almost 6 per cent in June 2011, to 0.5 per cent, making it most likely the toughest rental market in Queensland. CLICK HERE: Why Gympie real estate has the best price growth prospect in Australia · Gympie one of top 5 towns for growth prospects.
See Original Article

Mansion Global Daily: When to Pay Cash, German Bubble Concerns, and More

However, in a new interview, developer Michael Zahn points out that the increase follows 20 years of stagnant growth, adding, “We're now making up for lost ground, but that doesn't mean the market has peaked.” Udo Cordts-Sanzenbacher of BNP Paribas Real Estate also pointed out that “there's a
See Original Article

Wells Fargo Will Pay $1 Billion to Settle Probes Into Mistreating Consumers

Wells Fargo & Co. will pay $1 billion to settle U.S. probes into mistreatment of consumers, the largest sanction of a U.S. bank under President Donald Trump, as the firm tries to resolve a year and a half of scandals across its operations. The bank will pay $500 million in penalties each to the Consumer
See Original Article

RiverNorth Marketplace Lending Corporation Announces Preferred Dividend

CHICAGO–(BUSINESS WIRE)–Apr 20, 2018–In accordance with the terms of RiverNorth Marketplace Lending Corporation's 5.875% Series A Term Preferred Stock (“Series A Preferred Stock”) (NYSE: RMPL), the Board of Directors of RiverNorth Capital Marketplace Lending Corporation has declared a
See Original Article

Citizens Holding Company Reports Earnings

In addition to full service commercial banking, the Bank offers mortgage loans, title insurance services through its subsidiary, Title Services, LLC, and a full range of Internet banking services including online banking, bill pay and cash management services for businesses. Internet banking services are
See Original Article

Wells Fargo Fined $1 Billion Over Mortgage And Auto Loans

Wells Fargo will pay a $1 billion fine to settle claims that it had taken advantage of mortgage and auto loan customers. Federal regulators also said the bank did not have adequate compliance or risk management programs. Facebook; Twitter; Flipboard; Email
See Original Article

Trump Eases Off Trigger on Russia Probe Chiefs

Trump Eases Off Trigger on Russia Probe Chiefs

They say the White House, not the Kremlin, is responsible for the uncertainty roiling Russian markets. Treasury Secretary Steven Mnuchin, who called the Trump's comment a “warning shot,” said yesterday that the sanctions against Russian oligarchs had the “necessary impact” and didn't rule out further
See Original Article

You thought your trust-owned home was insured

It can void your title insurance or cause a hiccup in the chain of title. Use a warranty deed instead. •Do not use the legal description from the county website. This tax description is not always a complete legal description and could result in only part of your property going into your trust. •Do not draft your
See Original Article

RI Real Estate Notes: Bed-and-breakfast inns sold in Newport

Three bed-and-breakfast houses in Newport were sold together on April 12 for $3.25 million, according to Mott & Chace Sotheby's International Realty. The properties, The Adele Turner Inn and The Victorian Ladies, were purchased by Landings Capital & Development, LLC and will operate as bed and
See Original Article

The Pipeline: Commercial real estate deals for 4.20.18

Evergreen-Albion & Iowa LLC purchased 98 residential units at 1520, 1588-1594, 1600 and 1650 S. Albion, as well as 4101 E. Iowa Ave., in Denver for $13.95 million from Johnson Properties LLC, The Nobles Apartments Properties LLC, 1650 South Albion Street Apartments LLC and 4101 East Iowa
See Original Article

Plaid in the Winner's Circle: Close loans faster, make more money

In the Winner's Circle is a new podcast series from HousingWire Editor-in-Chief Jacob Gaffney. Jacob chats with executives about the innovations that are leading to successes in their businesses and within mortgage industry. In this first episode, Jacob talks with Kate Adamson, head of mortgage at
See Original Article

Real estate news and happneings

Also new to the franchise is Jhason Clark, who started a real estate career after playing professional basketball. A Shaker High School graduate and Albany native, Clark played in England, El Salvador, Mexico and France and briefly with the Harlem Globetrotters. He volunteers with the Amateur Athletic
See Original Article

Netflix Might Buy Movie Theaters to Boost Its Oscar Chances

Netflix is reportedly considering purchasing movie theaters in Los Angeles and New York in order to help give its films more exposure during Oscar season. The streaming service has been trying to secure its own Oscar nominations since the launch of its first original movie, Beasts of No Nation, in 2015,
See Original Article

Wells Fargo fined $1 billion over mortgage and auto-lending abuse

(WKBN) – We're learning two federal regulators are fining Wells Fargo $1 billion. First news told you this morning it could happen, now it's official. It's all over abuses tied to the company's mortgage and auto-lending businesses. The bank will pay $500 million to the Office of the Comptroller of the
See Original Article

Form 8-K BLUEGREEN VACATIONS CORP For: Apr 20

Title Policy: an extended coverage ALTA lender's policy of title insurance (6-17-06) in an amount not less than $27,500,000 insuring that the Mortgage is a valid first lien on the property intended to be encumbered thereby, subject only to the Permitted Encumbrances, issued by Title Insurer and in form
See Original Article

Mortgage Rates Quickly Approaching 4-Year Highs

Let's clear one thing up before we begin. Freddie Mac, MBA, and Ellie Mae all noted new 4-year highs in mortgage rates this week. They are all technically wrong. This has to do with the way their data is collected and/or averaged. And while I have no doubt that they are accurately conveying the results
See Original Article

Waffle House Adds Beer to Its Menu—But Only at This 1 Location

Waffle House is an icon throughout the Southeast, dotting interstate exits seemingly wherever you go and a favorite of barflys after last call. It's a moment frozen in time — but Waffle House's newest location is making one of the biggest changes in the company's history. For the first time, Waffle House
See Original Article

Hilco Real Estate Completes Another Successful Online Auction Of Properties For The New …

NORTHBROOK, Ill., April 20, 2018 /PRNewswire/ — On April 9-10, 2018, Hilco Real Estate, LLC, facilitated the sale of an additional 102 structures and development lots on behalf of the New Orleans Redevelopment Authority (NORA) in an online-only auction generating over $4 million of sales.
See Original Article

3 Reasons Home Depot Is a Better Dividend Stock Than Walmart

They each pay about the same annual yield that's just above the broader market's 2%. And both Walmart (NYSE:WMT) and Home Depot (NYSE:HD) are successful retailers that dominate their respective niches. However, one stock stands out as preferable for income investors seeking a strong, quickly
See Original Article

StartEngine and PrimeTrust Announce First Reg CF Crypto Escrow

Our team has deep experience in all facets of trust operations, banking, securities regulation, and governmental affairs. Together we deliver world class solutions and services to individuals and corporations of all sizes to keep them protected. Member, American Bankers Association and Nevada Trust
See Original Article

Segregation's Legacy

Meanwhile, widening economic inequality has emerged as a new, troubling factor in housing discrimination. As the gap widens between rich and poor, African-Americans, who typically earn far less than whites and already face discrimination in the housing market, are in danger of being left further
See Original Article

What Does Genius Brands International Inc's (NASDAQ:GNUS) Ownership Structure Look Like?

Today, I will be analyzing Genius Brands International Inc's (NASDAQ:GNUS) recent ownership structure, an important but not-so-popular subject among individual investors. When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance
See Original Article

Ex-SunTrust Employee May Have Tried Sharing 1.5 Million Customers' Data

SunTrust announced Friday that a former employee may have tried to steal and share data of about 1.5 million customers, including names, addresses, phone numbers and account balances. An investigation is ongoing, but SunTrust says they're notifying those 1.5 million customers about the possible
See Original Article

231 hedge funds buy Honeywell International Inc. (HON) for the first time

Honeywell International Inc. (NYSE:HON) has risen 15.94% since April 19, 2017 and is uptrending. It has outperformed by 35.73% the S&P500. Cornercap Invest Counsel Inc owns 6,276 shares for 0.13% of their portfolio. (NYSE:HON) has “Buy” rating given on Friday, May 26 by RBC Capital Markets.
See Original Article

9 of the Best Deals for Earth Day 2018

Earth Day 2018 is coming this weekend, but it's not just the planet getting all the attention. Plenty of brands are also offering freebies and deals in honor of Earth Day, which falls on Sunday, April 22 this year. From fitness freebies to beauty product samples, here are all the best deals lined up for Earth
See Original Article

Former ICE agent admits to defrauding Freddie Mac, SunTrust in short sale scheme

A former special agent with the Immigration and Customs Enforcement's Homeland Security Investigations division of the Department of Homeland Security admitted in court this week that she conspired to defraud Freddie Mac and SunTrust Mortgage in a short sale scheme. According to the Department
See Original Article

Trump's Claim of 'Oil All Over the Place' Isn't True Anymore

Trump's Claim of 'Oil All Over the Place' Isn't True Anymore

Oil inventories in developed nations are just 30 million barrels above their five-year average, the measure that OPEC is using to gauge whether markets are balanced, the Paris-based International Energy Agency said in its latest market report this month. That's down from more than 300 million barrels
See Original Article

Audio: 'Detroit Rising' Podcast Previews the ULI Spring Meeting

During ULI's May 1-3 conference at Cobo Center, organizers plan to showcase what's working in Detroit to bring to market difficult-to-finance residential and commercial real estate projects, while highlighting new projects that are starting to break ground downtown and in the city's neighborhoods.
See Original Article

Wells Fargo fined $1 billion for abusive consumer loans

Wells Fargo will pay $1 billion to settle federal charges into consumer abuses related to its auto lending and mortgage businesses, the U.S. government said Friday. Wells Fargo violated the Consumer Financial Protection Act “in the way it administered a mandatory insurance program related to its auto
See Original Article

UK Mortgage Advice Market: Steady Growth in Online Consulting Creating Opportunities

The report projects lending to grow by nearly 27% by the end of 2022. Sensing the opportunities in the UK mortgage advice market, key players have started to invest in online consulting services. Incorporation of clear video calling services have made it possible for players to communicate effectively
See Original Article

Climate Fears Shake Miami Housing Market

A new study finds that Miami-Dade County, Fla. single-family homes closer to sea level are appreciating slower than homes at higher elevations, The Wall Street Journal's Laura Kusisto and Arian Campo-Flores report. The report was authored by Jesse Keenan, a real-estate professor at Harvard
See Original Article

Wells Fargo could face a $1 billion fine for its auto loan and mortgage practices

Two government agencies — the Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency — have had Wells Fargo under a microscope since it revealed that it had sold insurance to some auto loan customers without their knowledge. The action reportedly pushed
See Original Article

Top award recognizes professor's contributions to real estate research

William Hardin, director of FIU Business' Hollo School of Real Estate, has been awarded the David Ricardo Medal, the highest recognition by the American Real Estate Society (ARES). The award recognizes a person who has created a significant body of published research in academic and refereed
See Original Article

CanAm secures $1.8B Construction Loan From Blackstone Mortgage Trust

Tishman Speyer has closed on a series of transactions securing all of the necessary financing for the project: a $1.8 billion construction financing from Blackstone Mortgage Trust, a publicly-traded affiliate of The Blackstone Group, and $1.9 billion equity from Tishman Speyer and various institutional,
See Original Article

Apple's Shares Slip Again on Mounting Concerns Over iPhone Sales

Still, it wasn't all bad news for Apple. Morgan Stanley's Huberty also said to buy any dip in shares after second-quarter results, scheduled May 1, as the company will likely accelerate its capital return program. And Apple has other levers to pull, Bank of America Merrill Lynch analyst Wamsi Mohan said in
See Original Article

Wells Fargo to pay US$1B for mortgage, auto lending abuses

NEW YORK — Wells Fargo will pay US$1 billion to federal regulators to settle charges tied to its mortgage and auto lending business, the latest chapter in years-long, wide-ranging scandal at the banking giant. However, it appears that none of the US$1 billion will go directly to the victims of Wells Fargo's
See Original Article

P&G Ends its YouTube Advertising Boycott, But With a Catch

Procter & Gamble Co., one of world's biggest advertisers, kept its ads off YouTube for more than a year because of concerns about inappropriate content. Now it's returning to the video site, but a lot more selectively than before. The consumer-goods giant told its brands this week they can buy spots on
See Original Article

Producer and DJ Known as Avicii Has Been Found Dead

New York (AP) — Avicii, the Grammy-nominated electronic dance DJ who performed sold-out concerts for feverish fans around the world and also had massive success on U.S. pop radio, died Friday. He was 28. Publicist Diana Baron said in a statement that the Swedish performer, born Tim Bergling,
See Original Article

Junk Bonds Back in Black as Market Calm Brings Out Yield Hunters

Levels this week came close to their tightest since the financial crisis, according to Bloomberg Barclays index data. The debt has gained 0.24 percent in 2018 through Thursday, after having been down for much of the year. New sales from insurance brokerage Hub International Ltd. and chemical
See Original Article

Apple's Cash Cow Might Be in Trouble

… leaving scraps for other smartphone makers. Either way, Bank of America Merill Lynch analyst Wamsi Mohan told investors on Thursday that the “magnitude” of weaker iPhone sales during the quarter “could be surprising to some.” Apple did not immediately respond to a Fortune request for comment
See Original Article

Bankers Observe Teach Children to Save Day Today

More than 12,500 bankers will host financial education events across the country this week in celebration of Teach Children to Save Day today. Bankers will teach students the fundamentals of financial literacy, including the basics of saving, how to create a budget and how to distinguish wants from
See Original Article

What To Know Before Buying Stock? Lennox International Inc. (LII)

Lennox International Inc. (LII) STOCK PRICE MOVEMENT: VOLATILITY FACTOR: The stock remained 2.36% volatile in recent week and indicated 2.45% volatility in last month. The Company's beta coefficient sits at 1.18. Beta factor measures the amount of market risk associated with market trade.
See Original Article

Chicago's rental market is changing: more higher-income tenants, fewer two-flats

A new study finds there has been a rise in the number of wealthy households renting in the Chicago area even as the overall rental market has cooled. The percentage of renters rose from 37.7 percent in 2007 to 44.2 percent in 2015, according to the report from DePaul University's Institute of Housing
See Original Article

BREAKING: Wells Fargo Fined $1B For Mortgage, Auto Lending Abuses

Law360 (April 20, 2018, 10:11 AM EDT) — Wells Fargo must pay $1 billion to settle government claims stemming from investigations into improper practices in its auto lending and mortgage divisions, the Consumer Financial Protection Bureau and Office of the Comptroller of the Currency said Friday.
See Original Article

Australian banking inquiry claims its first scalp

A nurse gave tearful testimony on Thursday about losing her home after taking advice from Westpac Banking, while lawyers presented evidence that Commonwealth Bank of Australia, the country's biggest bank, knowingly charged dead clients for counsel for years. But the revelations about AMP for the
See Original Article

Wells Fargo will pay $1B fine to end mortgage, auto loan probes

Wells Fargo on Friday agreed to pay a $1 billion fine to end a federal probe into whether it systematically ripped off mortgage and auto loan customers going back to at least 2005. The fine, levied by the Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau, is the
See Original Article