Envoy Mortgage – April 24, 2018

Envoy Mortgage – April 24, 2018

Call to see if you qualify for Envoy's grant program—you could get up to $21,000 to put toward your down payment or closing costs anywhere in Colorado with a purchase price of a loan up to $493,850. The number is 303.669.2111. You can also check them out online at www.KOHomeLoans.com.
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Teachers Union Drops Wells Fargo Mortgage Program Over NRA Ties

The American Federation of Teachers (AFT) is ending its Wells Fargo mortgage program after the San Francisco-based lender refused to end its business relationships with the National Rifle Association (NRA) and gun manufacturers. “Gun violence is an epidemic, but Tim Sloan won't even engage in a
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Billionaire Vinod Khosla Wants the Supreme Court to Keep People Off His Beach

Khosla has been in Silicon Valley ever since, working at a design-automation company, Daisy Systems, and then co-founding Sun Microsystems, the computer services company behind the programming language Java. Sun's 1986 initial public offering cemented his fortune, building on a payout from
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Munich Re hires Arch to weigh mortgage risks

Munich Re has retained Arch Credit Risk Services to help it evaluate mortgage credit and underwriting advisory services in connection with the Munich-based carrier's involvement in programs run by Fannie Mae and Freddie Mac. The two government sponsored enterprises are among the largest
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Essence Magazine's Woke 100 for 2018

For the second year in a row, Essence has compiled it's “Woke 100” list, a celebration of the black women change-agents who are working to create a more equitable world. It is a beautifully inclusive list (and perfect for event organizers looking to round out their binders of potential panelists and
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Arch partners with Munich Re for mortgage credit assessment

Arch Capital Group unit Arch Credit Risk Services entered into a multi-year agreement with Munich Re to provide mortgage credit assessment and underwriting advisory services related to Munich Re's involvement in credit risk transfer programmes offered by Fannie Mae and Freddie Mac. Arch Credit
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How to Create Content That Earns Links & Increases Your Traffic

If you want to find out whether your buyer persona is a linking person, you can go to Google and put in the relevant search phrase, for instance, homebuyers inurl:links. Drill down to each result to … Want to learn how to identify and avoid common international SEO challenges? Join Bill and Motoko Hunt
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New-home sales roar to a 4-month high in March

What happened: Sales of newly constructed homes surged, and earlier estimates were revised up, painting a rosier picture of the housing market than many economists had expected. The 694,000 rate in March was 4% above upwardly revised February figures, and the highest pace since November.
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LendingTree reveals the cities with the highest rates of denied mortgage applications

The current housing market is particularly competitive. The key for homebuyers is being well-educated on the homebuying process, enabling them to be well-prepared when they enter the market. Understanding the key reasons mortgages are denied can help loan officers advice borrowers on how to
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Amidst Black home ownership crisis, a Mortgage leader rises up to teach

More than 30 years later, Lois Johnson is among the leading independent home mortgage lenders in the nation. Licensed to operate in 49 states, she is the country's only African-American Gennie Mae lender and also issues Fannie Mae loans, which is a conventional lender. But even after working in
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Case-Shiller: Home Prices Up for 70th Consecutive Month

The latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 6.3 percent annual gain in February, up from 6.1 percent in … job market is starting to boost incomes, those looking to buy are facing a double whammy of fast rising home prices and higher mortgage rates,” Yun said.
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US new home sales increase more than expected in March

March's surge in new home sales and upward revisions to January and February sales data will probably not change economists' expectations that residential investment declined in the first quarter. The housing market is struggling with a chronic shortage of properties that is boosting home prices and
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Tax Reform Halves Those That Qualify for Mortgage Interest Deduction

The sweeping tax reform bill signed into law by President Donald Trump in late 2017 is expected to give corporations a break and take complexity out of the tax code, but the number of homeowners who can claim the mortgage interest deduction is dwindling as a result of the overhaul. Citing a
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BRIEF-Jordan Mortgage Refinance Q1 Profit Rises

BRIEF-Jordan Mortgage Refinance Q1 Profit Rises. Reuters Staff. 1 Min Read. April 24 (Reuters) – JORDAN MORTGAGE REFINANCE COMPANY PSC : * Q1 PROFIT 771,404 DINARS VERSUS 481,174 DINARS YEAR AGO Source:(bit.ly/2vGvYdD) Further company coverage: Our Standards:The
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Home prices rise ever higher

… prices and higher mortgage rates.” On Monday, the Federal Housing Finance Agency (FHFA) reported that home prices rose on a national basis by 7.2 percent year over year in February. FHFA's index reveals price trends involving properties purchased with loans sold to Fannie Mae and Freddie Mac.
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DCHFA Preserves Affordable Housing in Brookland

Washington, DC, April 24, 2018 (GLOBE NEWSWIRE) — The District of Columbia Housing Finance Agency (DCHFA) issued $10.1 million in acquisition and rehabilitation financing for Brookland Place Apartments (617 Hamlin Street, Northeast). DCHFA's investment will preserve 80 units of affordable
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Delivery robotics company Marble raises $10 million, with plans to move beyond food

In press material tied to the announcement, Marble's careful not to get hung up on the whole food delivery label that's been hung on the company since its early days. Instead, Marble's now referring to itself as “the last-mile logistics company,” a catchy title that points to its broader ambitions to help meet
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Bimini Capital Management to Announce First Quarter 2018 Results

Bimini Capital Management, Inc. is an asset manager that invests primarily in residential mortgage-related securities issued by the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Government National Mortgage Association
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The Benefits and Role of Fintech in Mortgage Lending

According to a recently published working paper by researchers at the Federal Reserve Bank of New York (FRBNY) and New York University, fintech lenders have quickly expanded their market share since the Financial Crisis, and in the process have developed efficiencies that give them a significant
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Nvidia Uses AI to Reconstruct Damaged Images

The company has currently been dominating the AI scene and even made its debut in the Fortune 500 last year at #387. The cofounder and CEO, Jen-Hsun “Jensen” Huang was also Fortune's Businessperson of the Year for 2017. Watch the video from Nvidia about this state-of-the-art technique below.
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GIE Media, Inc. publications win 26 regional Azbee Awards of Excellence

GIE Media, Inc. publications win 26 regional Azbee Awards of Excellence

Cannabis Business Times – Category: Print > Company Profile > Less Than $3 Million Revenue > Heartland Award Level: Regional Gold Award – Title of Entry: Patients Over Profits – Jim Gilbride, Group Publisher; Noelle Skodzinski, Editorial Director; Brian MacIver, Associate Editor; Katelyn Boyden,
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Investing in Real Estate

Many of my clients are investing in real estate, but most don't understand the tax rules that go along with the investment. The motivation for making this investment varies, but for the most part, it's appreciation and cash flow. A real estate investment can be as simple as a vacation home or rental property.
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Cincinnati's hot housing market: Five things you need to know

Merchandise is moving fast. Inventories are running low. But you won't find any 20 percent-off deals during this spring sale. The housing market is heating up with the weather, and experts say home buyers should be prepared to face one of the most competitive spring and summer selling seasons in
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Homebuyers are stretching their budgets and mortgage limits to win bidding wars

Buyers today not only need to be pre-approved for a mortgage, but they must also have a mortgage commitment. Home prices are hitting new highs and the gains are growing, just as mortgage interest rates are turning higher again. All of that has more buyers stretching their budgets, putting less down
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New home market quiet in March as buyers exercise caution, inventory shrinks

There were 1,960 total new home sales in March, according to Altus Group, BILD's official source for new home market intelligence, including 1,649 condominium apartments sold in low, medium and high-rise buildings, stacked townhouses and loft units, which was down 67 per cent from March 2017
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A New Prince Album Is Coming 2 Years After His Death

Prince fans were thrilled last week with the surprise release of the original studio cut of “Nothing Compares 2 U”. That excitement has now turned to euphoria with the announcement from the entertainer's estate that a new album of previously unreleased material will drop on Sept. 28. Perhaps even more
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Bartlett Naylor

No individuals have been named in connection with the bank's recent misdeeds, which resulted in a $1 billion fine, even as some senior leaders stand to gain from the government's tax cut. Consumer lending 4m ago. Consumer lending 4m ago
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WEI Mortgage uncovers email phishing scheme and data breach

WEI Mortgage discovered a data breach from an email phishing scam last fall may have exposed loan package information and identifying data such as Social Security numbers. “With the assistance of third-party forensic investigators, WEI Mortgage learned it was the victim of an email phishing attack,
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Freddie Mac 5.81 O (FMCCO) Placed Under the Lens

Freddie Mac 5.81 O (FMCCO) shares have seen the Money Flow Indicator climb above 60, potentially spelling a near-term reversal if it crosses above the 70 line. The Money Flow Indicator is a unique indicator that combines momentum and volume with an RSI formula. Because of its incorporation of
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Five tips for success in Cincinnati's hot housing market

The competition for homes in a hot housing market can be disheartening, pushing some buyers to the sidelines even when they find the home of their dreams. But even if you're faced with multiple offers from prospective buyers who keep bidding up the price, chances are you may face an even more
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Deep Incisions

The U.S. cash equities business is one division ripe for the chop, according to Bloomberg News. The buying and selling of stocks, which has become a low-margin, high-technology business in recent decades, is unlikely to be an area where Deutsche can profitably compete against Wall Street.
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HomeStreet to cut jobs as mortgage business sputters

HomeStreet in Seattle is cutting more costs after posting another loss in its mortgage segment. The $6.9 billion-asset company said in a press release Monday that it will eliminate 86 positions, including 37 jobs in its mortgage business. The other cuts will involve personnel in its commercial and
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Coca-Cola's Focus on Healthier Drinks Pays Off

… have also increased spending on e-commerce promotion. For Coke, that means improving online product placement, integrating with voice products like Amazon.com Inc.'s Echo and adding impulse-buy opportunities at click-and-collect pickup lockers. Before it's here, it's on the Bloomberg Terminal.
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Trump's Pick for Veterans Affairs Chief Delayed by Senate Panel

A Senate panel delayed hearings for President Donald Trump's nomination of White House physician Ronny Jackson to be Veterans Affairs secretary as lawmakers demand more information about his background and about allegations of improper conduct. Senator Johnny Isakson, chairman of the
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Facebook Publishes Content Removal Policies for the First Time

For the first time, Facebook Inc. is letting people know its specific rules for taking down content once it's reported to the social network's moderators. The 27-page document governs the behavior of more than 2 billion users, giving Facebook's definitions of hate speech, violent threats, sexual exploitation
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Mercedes-Benz Aims at Billionaires With New Maybach Crossover

Mercedes-Benz is considering extending its ultra-luxury Maybach badge with a crossover, complete with a porcelain tea service embedded in a heatable ebony-wood tray, to take on high-end competitors such as Bentley's sought-after Bentayga SUV. Aimed squarely at billionaires perusing the Beijing
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Cambridge Analytica's Whistleblower: Regulate Privacy Like Car Safety Standards

… regulating privacy in the same way that we would treat safety standards in a car.” This article also ran in Bloomberg Technology's Fully Charged newsletter. … In other news, Apple just hired a new leader for its business in South Korea. Malta is the new global hub for cryptocurrencies. We explain why.
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Emerging-Market Investors Have Some Memory Issues

Rising interest rates in the U.S. have generally resulted in the large-scale repatriation of capital that flowed to the emerging markets when U.S. rates were low. In turn, such sudden stops in capital flows have tended to cause serious financial market strain and acute balance of payments pressure for
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Four Corners Community Bank adds Thompson to ag lending team

The Journal. Four Corners Community Bank has announced that Charles Thompson, who claims 32 years of experience as a senior loan officer, has joined its Cortez agriculture lending team. “His knowledge and previous experience working with USDA Rural Development will be a tremendous asset to
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Style Q&A: Folk Fortune fuels the vintage-luxury trend with unique, one-of-a-kind finds

I landed on Folk Fortune because I've always been inspired by travelling and folk art and fashion, but as well this idea is about connecting people. Fortune represents the more luxe side as in the higher-end vintage — answering the question: What would a bohemian, modern woman want? She wants a
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FHFA: Current Run of Rising Home Prices Likely to Continue

FHFA: Current Run of Rising Home Prices Likely to Continue

Both the Federal Housing Finance Agency (FHFA) and the S&P CoreLogic Case-Shiller reported on February home prices on Tuesday and both showed little moderation in the rate of appreciation. Case-Shiller's reported gains, in fact, appear to be growing larger. Case-Shiller's National Home Price
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Seattle-area home price growth from current boom has surpassed last decade's bubble

As the Seattle area continues its run as the nation's hottest real estate market, it has now seen home prices surge upward for a full six years — with more growth in home values during the current boom than during last decade's bubble. Single-family home costs across the metro area grew 12.7 percent in
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15 productivity tips for extremely busy real estate agents

15 productivity tips for extremely busy real estate agents. Try implementing one or two per week, and see how much more you can get done … Being a successful real estate agent means being productive. You want to accomplish things in the shortest time possible because you have major goals.
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Your Mortgage: A billion dollar fine – a reminder that bigger isn't always better

We originate, process, underwrite and fund residential mortgage loans. The bigger players do the same, but they also sell auto loans, commercial loans, force-placed auto and home insurance, investment products and much more. It must be hard to be good at all those right? Yes, and that's illustrated
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Sale of Belfast International Airport to Vinci Airports hailed as opportunity for further investment in …

Belfast International Airport welcomed 5.8 million passengers in 2017. Law firm Pinsent Masons said it had led advice to Vinci Airport about the purchase of the airport. Vinci Airports has 36 facilities across the worlds in locations including Cambodia, Portugal, France and Japan. South Antrim Ulster
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Local and Regional Banks Double Down on Construction Lending for Apartments

Local and regional banks are making more loans on apartment properties, in some cases significantly more. In one surprising example, the busiest construction lender in the U.S. in 2017 was Bank of the Ozarks, according to Real Capital Analytics (RCA), a New York City-based research firm. “A smaller
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Home prices in 20 cities in February rise by most since mid-2014

The national home-price gauge rose 6.3% year-over-year. The seasonally adjusted 20-city index rose 0.8% compared with January. The current index level of 209.29 is highest in records dating back to 2000. The data showed monthly gains in all 20 cities, including strong advances in expensive areas
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Deutsche Bank Names Frank Kuhnke as Operations Chief

Mr. Kuhnke has been at Deutsche Bank since 1986, most recently as chief control and administrative officer for the private and commercial bank, the retail-banking division Mr. Sewing oversaw before he was named CEO earlier in April. Mr. Kuhnke will be responsible for companywide technology
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Libra Credit Receives Over $16 Million Dollars to Democratize Lending and Bring Liquidity to the …

Libra Credit's products offer low interest lending products to investors of crypto currencies and crypto assets. Institutional investors participating in Libra Credit's (LBA) most recent token sale include 500 Startups, DHVC, GBIC, Alphabit Fund, Dekrypt Capital, FBG Capital, DFund, BlockTower and Signum
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Former USC star Sam Baker tests the Tustin housing market

Former USC star Sam Baker tests the Tustin housing market. By Jack Flemming. Apr 24 … Former USC All-American and NFL offensive lineman Sam Baker has listed his home in his native city of Tustin for around $1.3 million. The four-bedroom … The listing price is $1.288 million. Records show Baker
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US New Home Sales Rose in March

WASHINGTON—U.S. new-home sales rose solidly in March for the second consecutive month, a sign of resilience in one segment of the housing market. Purchases of newly built single-family homes—a relatively narrow slice of all U.S. home sales—increased 4.0% from the prior month to a seasonally
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House bill seeks to limit punitive effect of CFPB guidance process

WASHINGTON — Rep. Sean Duffy, R-Wis., has introduced legislation designed to make the Consumer Financial Protection Bureau's guidance process more transparent. The bill, co-sponsored by Rep. Ed Perlmutter, D-Colo., would require the CFPB director to issue “guidance” that “is necessary or
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New home sales advanced to four-month high in March

At the same time, rising mortgage costs and property price appreciation continues to outpace wage growth, threatening to put homes out of reach for … than purchases of previously owned homes, which are calculated when contracts close and are reported by the National Association of Realtors.
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UPDATE 3-Pulte's home sales forecast points to strong housing market

The U.S. housing market is still recovering from the long-term damage of the subprime crash a decade ago, but many homebuilders are now fighting rising costs and labor shortages, rather than problems with demand. Pulte, which mainly sells single-family homes, also forecast its average price in the
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Growth Street Celebrates Full FCA Authorization & New GrowthLine Lending Product: Need to …

“We have long advocated for more transparency and better regulation in this industry, so the more companies being directly approved by the FCA in this largely unregulated space, the better.” Growth Street has simultaneously rolled out an update to its flagship business lending product, GrowthLine.
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Neil Haggerty

Neil Haggerty is the Congress reporter for American Banker. He previously was a financial regulation reporter at MLex Market Insight. House bill seeks to limit punitive effect of CFPB guidance process · House bill seeks to limit punitive effect of CFPB guidance process. The legislation would prohibit the
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Case-Shiller reports increase in home price growth

… the tightening job market is starting to boost incomes, those looking to buy are facing a double whammy of fast rising home prices and higher mortgage rates,” Yun said. “The way to make housing more affordable is to build more homes, particularly smaller-sized entry level homes and condominiums.”
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Sean Hannity's Real Estate Empire Connected to Criminal Investor

Sean Hannity's newly exposed real estate empire was apparently connected to an extremely shady character who'd pled guilty to a host of property-related crimes, according to fresh reporting from the Guardian. Six years ago, one of the many shell companies we've since learned that Hannity used to
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US consumer confidence rebounds; new home sales rise

WASHINGTON (Reuters) – U.S. consumer confidence rebounded in April and new home sales increased more than expected in March, pointing to underlying strength in the economy despite signs that growth slowed in the first quarter. Other data on Tuesday also showed house prices increasing solidly
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UK housing market continues to slump as number of homes sold in March drops

The number of residential property transactions in the UK has dropped 7.2 per cent between February and March, according to the latest figures from HM Revenue and Customs (HMRC). The HMRC UK Property Transaction Statistics report showed that this month's seasonally adjusted figures were 11.8
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Home prices surge in February – even as mortgage rates rise

Home prices surge in February – even as mortgage rates rise

The critical shortage of homes for sale continues to drive home prices higher nationwide. Values jumped 6.3 percent nationally in February compared to a year earlier, according the S&P CoreLogic Case-Shiller Home Price Index. That is a wider gain than January's 6.1 percent annual jump. Home prices
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Leasing Agent

We have invested over $1B in real estate projects and developed and acquired in excess of 20M SF. … Beacon maintains best-in-class market information for properties and tenants in each submarket; and Beacon stays abreast of market trends, future competing developments and tenant preferences in
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Internet banking: Rural communities left floundering as regional banks close their doors

This week, the only bank left in the small central Queensland town of Moura closed its doors for the last time. It is one of seven ANZ branches across the state to shut up shop this year and residents say the closures are having a massive impact on their communities. Leanne Stevens, who lives about 30
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Barry Sternlicht: US real estate is my favorite asset class right now

Barry Sternlicht: US real estate is my favorite asset class right now. 30 Mins Ago. Barry Sternlicht, Starwood Capital Group chairman and CEO, provides insight to the real estate market and where he is seeing opportunity. Watch CNBC Live TV
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Rise in Class Action Defense Spending Continues for Third Consecutive Year

… white-collar representation, and high-stakes appeals; its insurance practice, including life and financial lines, property and casualty, reinsurance, and title insurance; its regulatory practice; and its handling of sophisticated business transactions and corporate counseling for domestic and international
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Home Value Forecast: Impact of Foreclosures on Top Housing Markets

WALTHAM, Mass., April 24, 2018 /PRNewswire/ — This month's Pro Teck Valuation Services Home Value Forecast explores the impact foreclosures have on the nation's top housing markets. Traditionally, foreclosures as a percentage of market sales on a healthy market will be 3-5%, anything over 10%
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German universal banking scrutinized: Some remarks concerning the Gessler report

In this paper, the author, himself a member of the Gessler Commission, discusses the Commission's study of universal banking in Germany. Following a description of the task of the Commission and a brief survey of the economics of universal banking, the author outlines the main sources of potential
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Two Credit Unions Partner with myCUmortgage® for Mortgage Services

BEAVERCREEK, Ohio, April 24, 2018 /PRNewswire/ — myCUmortgage®, a leading Credit Union Service Organization (CUSO), today announced it has partnered with two new credit unions to provide them with comprehensive mortgage lending services. myCUmortgage is wholly-owned by Wright-Patt
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Tucson Real Estate: A roundup of recent commercial transactions

Hawkins Investment Solutions LLC bought 20,000 square feet of industrial space at 3260 E. 36th St. from Glazer's Real Estate LLC for $900,000. Brandon Rodgers, with Picor, represented the buyer. Picor's Stephen D. Cohen and Russell W. Hall represented the seller. The Connie Rae Simonds Trust
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Portland's housing market is 'in a good place'

Gardner believes we'll continue to see economic growth at the national level — though well below federal government predictions — along with more growth in home prices nationwide despite some structural forces that are limiting home sales. In the Portland-metro area, Gardner predicts increases in
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Term Sheet — Tuesday, April 24

Good morning, Term Sheet readers. Uber's second annual diversity report is out this morning. Last year, Uber released its diversity numbers for the first time since its inception in 2009. While it's diversity numbers weren't particularly surprising, the tech giant fared slightly better than both Facebook and
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Wilkins earns top award as mortgage broker

Halifax mortgage broker Clinton Wilkins was honoured as Mortgage Broker of the Year at the Canadian Mortgage Awards held in Toronto last week. “Sometimes we don't think about the East Coast, and it's forgotten about. So even to be a finalist is a huge deal,” Wilkins said in a news release.
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Hanley changes mortgage lending criteria for debtors

“With many lenders still tarring clients with a history of adverse credit with the same brush, especially those with debt management plans, having a lender that is willing to consider these will hopefully give a little more light at the end of the tunnel in their search for a mortgage.” aamina.zafar@ft.com.
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Finastra blockchain-based tool for syndicated lending market goes live

It enables financial institutions acting as agents to publish loan data to the ledger and extend self-service capabilities to lenders. Through their own portal, agents can define and then publish lender-specific deal position data so individual lenders can drill down into the data without needing to query
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Enough squabbling over supply versus demand. Let's build the social housing that Britain needs

In the long fight to fix the housing market, it's Supply versus Demand. Each time a think tank or a government ministry releases a new statistic on the state of the housing crisis, these two camps spring to action to advance their diagnosis of the problem and their own solution to it. In one corner, the Supply
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An Irish Horse Breeder Has a $150 Million Modigliani Nude to Sell

Irish bloodstock billionaire John Magnier is selling an Amedeo Modigliani nude estimated at $150 million, the most for any work of art at auction this season, according to people familiar with the matter. The 1917 “Nu couche (sur le cote gauche)” depicts a reclining female nude from behind, one leg bent,
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Sing It From the Mountains, the iPhone Supercycle Is Dead

Whisper it in the cafes of Silicon Valley, mutter it in the teashops of Shenzhen, yell it from the Austrian mountain top. The supercycle is dead. I'm calling it. Before Apple Inc. unveiled the iPhone X in September, some investors expected the company's new flagship product to drive a multi-year growth cycle
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Crypto's April Rally Climbs to Almost 75%

Ethereum, Bitcoin Cash and EOS helped lead the advance, prices compiled by Bloomberg and Coinmarketcap.com show. Market leader Bitcoin climbed 4.4 percent; its trading volume in the 10 biggest exchanges has topped $2 billion during the past 24 hours — similar to Alphabet Inc.'s daily volume
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Coach Bassett takes WHS to glory with basketball state title

Bill Bassett, the coach of Waterford High School boys basketball, is most recently known for leading the Lancers to state and ECC title runs this past season. He led Mikey Buscetto and company to the team's first state title since 2012. But coach Bassett's success during his time at Waterford is nothing
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Starbucks Embraces the Drive-Thru

Starbucks Corp. has a plan to push more lattes and egg wraps out the door. Via the window. The world's largest coffee-shop chain is embracing the drive-thru lane. Eighty percent of all its new U.S. cafes will have them. While that may contradict the sit-down coffee culture Starbucks helped pioneer,
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The Hard Questions To Ask Before Investing In Any Real Estate Deal

The Hard Questions To Ask Before Investing In Any Real Estate Deal

Real estate has always been regarded as an equal-opportunity wealth creator. However, the caveat emptor: real estate historically has been full of scams. And, based on my experience managing distressed real estate funds, that's the No. 1 reason smaller investors don't invest and the final reason all
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Which insiders are buying Valeant Pharmaceuticals International, Inc. (VRX)?

Valeant Pharmaceuticals International, Inc. (NYSE:VRX) marched up 111.05% compared to a 52-week low price of $8.31. The shares were last seen trading 2.1% higher, taking the closing price at $17.54 on 04/23/2018. At recent session, the prices were hovering between $17.14 and $17.8.
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Canadian Mortgage Award winners reflect on accolades

The mortgage industry's best and brightest were recognized and celebrated at the 12th annual Canadian Mortgage Awards at Toronto's Liberty Grand—and what a Friday night bash it was. Dominion Lending Centres emerged as Canada's top network, winning the National Broker Network of the Year
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AMI predicts pre-crisis mortgage lending in 2018 despite rate rise

The Association of Mortgage Intermediaries predicts that gross mortgage lending will supersede 2007's peak of £365 billion in 2018, despite expectations of at least one base rate rise. In spite of relatively subdued confidence and activity figures, AMI believes 2018 will be the strongest year for the
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A $1.2 Trillion Fund Manager Will Yank Funding From Companies With Bad Climate Change …

The head of personal investing at a $1.2 trillion fund manager says she plans to rescind investments in companies that haven't worked at reducing climate change—and she's lobbying other fund managers to follow suit. Helena Morrissey of the London-based Legal and General is making a big push for
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Santander UK corporate lending slows down to £27.2bn

Santander UK's loans to corporate clients during the first quarter of 2018 totalled £27.2bn (€31.1bn), down 4% year-on-year. The bank said sustained non-property-backed lending in the business, commercial and global corporate divisions – all of which offer asset finance – was offset by decreased
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China's Uber for Trucks Is Said to Raise $1.9 Billion in Funding

Full Truck Alliance Group, China's biggest app for Uber-like truck services, raised $1.9 billion in funding to fuel its expansion, people familiar with the matter said. The money was raised at a valuation of $6.5 billion with backers including SoftBank Vision Fund, China Reform Fund, GSR Ventures and
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These are the most brutal jobs in banking and finance

If you work in the financial services industry and you want to be well-rested, you might want to avoid the sell-side (investment banks). You might want to especially avoid investment banking divisions (IBD) where M&A and equity and debt capital markets deals happen. You might also want to avoid
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Britain's TSB Bank Still Facing Problem With App, Online Banking

(Reuters) – Britain's TSB bank is still facing problems with its digital services, its boss said on Tuesday, a day after the company apologized because some customers were unable to … Pester said TSB needed to take its mobile application and online banking down for a “few hours” to resolve the issue.
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Mobile app for mortgage down payment crowdfunding launched

Mortgage down payment crowdfunding platform HomeFundMe has rolled out a mobile application that seeks to ease access to crowdfunding by allowing users to share updates and post pictures and videos from their phones. The mobile application follows the launch of HomeFundMe's Affinity Portal,
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Hungary keeps rates at rock bottom to fuel lending boom

BUDAPEST, April 24 (Reuters) – Hungary's central bank kept its main interest rates at record lows on Tuesday, as expected, looking to boost economic growth with a flood of cheap credit as inflation remains well below its policy target. One of central Europe's most dovish central banks kept its base rate
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Inside Uber's Second Annual Diversity Report

This article originally ran in Term Sheet, Fortune's newsletter about deals and dealmakers. Sign up here. Uber's second annual diversity report is out this morning. Last year, Uber released its diversity numbers for the first time since its inception in 2009. While it's diversity numbers weren't particularly
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Home prices surge to a near four-year high, Case-Shiller shows

No cities experienced monthly price declines in February. On Tuesday, the Federal Housing Finance Agency said its house price index rose 7.2% in the twelve months ending in February. The FHFA House Price Index covers only homes with mortgages backed by Fannie Mae and Freddie Mac.
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BRIEF-Silverlake Axis Secures Core Banking System Contract With A Banking Institution In ASEAN

April 24 (Reuters) – Silverlake Axis Ltd: * SECURED A NEW CORE BANKING SYSTEM CONTRACT WITH A BANKING INSTITUTION IN ASEAN. * CONTRACT IS EXPECTED TO CONTRIBUTE POSITIVELY TO RESULTS OF SAL FOR FINANCIAL YEAR 2018 AND FOLLOWING FINANCIAL YEARS
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KeyBank Provides $37.5M Freddie Mac Financing for Two Student Housing Properties in …

KeyBank Real Estate Capital has provided $37.5 million in Freddie Mac loans for the refinancing of two student housing properties located in Baton Rouge and Daytona Beach. Trevor Ritter of KeyBank originated a $21.7 million, floating-rate loan for Oakbrook Apartments, a 240-unit student housing
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Data Sheet—AI Expert Andrew Ng Wants to Improve Manufacturing

… can block access to Martins Beach, a popular surfing spot that can only be reached by a road running across Khosla's property. Now the case may be heading to the Supreme Court. This edition of Data Sheet was curated by Aaron Pressman. Find past issues, and sign up for other Fortune newsletters.
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Pacific Financial Corp Reports Record 1Q18 Net Income of $2.3 Million, or $0.21 per Share; Up 68 …

“Given the continued solid credit quality of our loan portfolio, no provision was booked for the current quarter. We continue to manage our loan growth for credit risks, within regulatory guidelines, particularly in commercial real estate,” commented Portmann. “Residential mortgage lending contributed
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AI Is Now YouTube's Biggest Weapon Against the Spread of Offensive Videos

YouTube has for the first time revealed a report detailing how many videos it takes down due to violations of the platform's policies—and it's a really big number. The Alphabet-owned site removed more than 8 million videos during the last quarter of 2017. But how did it decide to take them down?
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Billionaire Bollore Held by French Police in Corruption Case

Billionaire Vincent Bollore, the biggest shareholder in Vivendi SA, is being held for questioning by French judicial police Tuesday as part of an investigation into corruption of foreign public officials, according to a person familiar with the matter. The probe is looking at contracts awarded for the operation
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TSB online banking problems today? What were the issues logging in and when will the app and …

TSB customers are still reporting significant problems using the bank's online systems following upgrade work over the weekend. The planned maintenance was due to come to an end by 6pm on Sunday – but many customers were still reporting problems accessing their accounts five days later.
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Sarwar denies buying votes

Sarwar denies buying votes

LAHORE: Pakistan Tehreek-e-Insaf Senator Chaudhry Muhammad Sarwar has said his victory in Senate came as a great setback for the PML-N. In a statement issued on Monday, Sarwar said, if the PML-N had doubt on its members, it should hold accountability of their members instead of raising
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Brookfield's New Venture-Capital Unit Eyes Real-Estate Tech Startups

Toronto-based Brookfield, which has $285 billion in assets under management, plans to invest $200 million to $300 million over the next three years in startups in its four business lines: real estate, infrastructure, power and private equity, according to Stewart Upson, a Brookfield managing partner.
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Global stocks mostly rise amid upbeat corporate earnings

Since the global financial crisis in 2008-09, a combination of low inflation expectations and a bond-buying program by the Federal Reserve have helped keep bond yields low but they have climbed this year as inflation has picked up and the Fed raised interest rates. With the Fed no longer buying bonds
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India's Yes Bank digitises lending process

Indian private financial firm Yes Bank has digitised lending processes with API based integration on the platform of Paisabazaar.com, an online marketplace for loans and cards. Under the API based lending model, the Paisabazaar.com platform has been integrated directly into the bank's core
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London's Parliament Square Just Unveiled Its First Statue of a Woman. What You Should Know …

Millicent Fawcett just became the first woman to have a statue erected in her likeness in London's Parliament Square. The bronze statue, unveiled Tuesday, was designed by artist Gillian Wearing, who in so doing, became the first female sculptor to have a piece displayed there. The statue of Fawcett
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Pulte beats estimates, points to robust housing market

(Reuters) – PulteGroup Inc's (PHM.N) quarterly profit beat analysts' estimates on Tuesday with Chief Executive Ryan Marshall saying demand among U.S. homebuyers was holding up strongly in the face of rising interest rates. The United States' third largest homebuilder, which mainly sells single-family
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Deutsche Bank may reveal investment bank revamp on Thursday: source

The appointment of Sewing – who has a background in retail banking, auditing and risk – along with the recent resignation of one of Deutsche's top investment bankers, Marcus Schenck, suggests a shift away from the investment bank, analysts and investors have said. The company's finance chief last
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PR industry M&A rebounds in Q1

As well as the continuing buyer interest in specialist and niche PR agencies, the past few months saw several PR businesses looking to expand their skill sets by buying in non-PR marcoms expertise, Results International said. For example, Next Fifteen acquired digital marketing communications
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Maybe Not the Best Time for Trump to End Iran Deal

Bloomberg's Kevin Cirilli discusses how French President Emmanuel Macron and U.S. President Donald Trump may handle the issue of the Iran nuclear deal. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg). Terms of Service Trademarks Privacy Policy ©2018 Bloomberg L.P. All Rights
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Coldwell Banker Towne & Country Realty welcomes new agent

He will help elevate our company and reflects our standards of excellence perfectly.” Lucido has over 30 years experience in the Real Estate Industry. Most recently, he managed two local title insurance companies in Lake and Mendocino counties. He is highly experienced in resolving the sometimes
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How One Woman Found Opportunity in Blockchain

Catheryne Nicholson, CEO of BlockCypher, talks with Fortune about her place in a volatile industry. FORTUNE: A blockchain is a distributed public ledger technology that powers cryptocurrencies like Bitcoin. What role does BlockCypher play in its development? NICHOLSON: BlockCypher is like
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Local vet, family surprised with mortgage-free home

SAN ANTONIO- U.S. Army Sergeant First Class Jose Sierra Jr. and his family were surprised Monday morning with the news that they received a custom-built, mortgage-free home from Operation Finally Home, Lennar and Southstar Communities. The surprise was soon followed by a special
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Las Vegas Housing Market Picks Up, but Nowhere Near 2000s

Before the housing market crash, home prices in Las Vegas soared and prospective buyers didn't have much trouble getting a loan from a bank. Now, after a rough patch, the market has rebounded nicely, but is nowhere near its pre-recession levels. And, as Las Vegas Review-Journal staffer Eli Segall
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Buy Indiabulls Housing Finance, target Rs 1585: Equity99

Sumit Bilgaiyan. Indiabulls Housing Finance's core operating performance was robust in Q4FY18. Disbursements for the quarter were up 30 percent YoY, driven by 50 percent+ YoY growth in core home loans. This drove 34 percent AUM growth. Management cited strong traction in affordable housing
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Banking royal commission is damaging reputations, but is it enough?

It's now clear why the finance sector fought so hard against a banking royal commission. Evidence of lies, deceit and fraud just keep on coming at the commission, much of it has occurred under the noses of directors holding some of the country's most prestigious positions. The banks' campaign against
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Indian GST ruling at Delhi International will not hit duty free retailers

The ruling has been interpreted by some media as implying that international passengers buying goods at duty free shops at the airport will have to pay the GST as they are 'not free from duties' under the new indirect tax regime. However, reliable Indian sources contacted by The Moodie Davitt Report
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TSB boss says sorry for banking chaos

The boss of TSB has apologised for its IT fiasco amid rising customer fury as the crisis continued for a fourth day. Paul Pester said he was “deeply sorry” and promised no one would be left out of pocket as a result of the issues. He said the bank would take down its mobile app and online banking “for a
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Refinance rates increase for Tuesday

Monthly payments on a 15-year fixed refinance at that rate will cost around $734 per $100,000 borrowed. Yes, that payment is much bigger than it would be on a 30-year mortgage, but it comes with some big advantages: You'll save thousands of dollars over the life of the loan in total interest paid and
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As Coca (KO) Shares Declined, Capital International Investors Decreased Stake

Waters Parkerson & Company acquired 7,315 shares as Coca Cola Company (KO)'s stock declined 5.92%. EPS is an indicator of company profit because the more earnings a company can generate per share, the more valuable each share is to investors. Coca-Cola Bottling Co. Consolidated, together
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LHV Group's 2018 First Quarter Unaudited Financial Results

… are supported by the Estonian economic environment. Economic growth has accelerated and domestic risks are offset by a balanced budget, low government debt, and a positive balance of trade. The main risk is the high development volume in the real estate sector. The credit market remains strong.
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Have you been affected by the TSB online banking failure?

Have you been affected by the TSB online banking failure?

TSB said its 1.9 million mobile and internet banking customers were affected during a transfer of banking data involving the switch of 1.3 bn customer records, which was due to be completed by Sunday evening. However on Monday TSB received complaints that customers were unable to log on.
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Financial advice firm impersonated client to her super fund, banking royal commission hears

A public servant was impersonated while receiving financial advice from a high-profile financial planner, the banking royal commission has heard. Key points: Financial planner Sam Henderson's advice would have lost client $500,000 in super; Client Donna McKenna was impersonated by a Henderson
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Two-year mortgage rates reach 2.5% ahead of May base rate rise

The average mortgaged homeowner in the UK has seen their monthly payments rise by around £44 a month since last autumn with many lenders upping some product prices before the Bank of England raises the base rate. The country's historically low mortgage rates have been slowly creeping up
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Citi establishes new service ahead of SEC ruling implementation

Citi has established a service for clients facing the US Securities and Exchange Commission's (SEC) rule changes affecting the US mutual fund industry later this year. Compliance with the rule changes, SEC Rule 22e-4, requires additional market data, analytics and new reporting infrastructure.
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PulteGroup, Inc. Reports First Quarter 2018 Financial Results

“Robust buyer demand in the face of mortgage and financial market volatility attests to the strong underpinnings of this housing recovery which is being bolstered by sustained economic growth, good job trends, favorable demographics and a limited supply of homes for sale,” said Marshall. “Within this
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Xi Ready to Respond as China Rattled by Trade, Debt Risks

Leaders at the meeting urged “bolder reform and opening-up efforts and timely implementation of major opening-up policies,” the official Xinhua News Agency reported. They also said China must reduce financing costs for businesses. As friction with the U.S. intensifies over developing high-technology
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Trump Should Add More China Tariffs, Some Small Companies Say

The Trump administration has indicated it's willing to negotiate with China amid fears about a trade war that's rattled financial markets and showed the sometimes unintended domino effects of protectionist trade actions. If steps toward a truce were to fail, the tariffs could be imposed after a public hearing
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The Launch of Housal Inc. an Online Real Estate Platform Coincides With World Intellectual …

MANILA, Philippines, April 24, 2018 /PRNewswire/ — Housal Inc., an online real estate platform for developers, agents, and brokers, are launching their state-of-the-art sales tool that will revolutionize the real estate industry. The advanced online sales tool is a unique solution with a purpose to streamline
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UK house prices still rising

As highlighted recently by the Royal Institution of Chartered Surveyors (RICS), UK house prices are in somewhat of a slump, caused primarily by a five-year low in demand. Indeed, according to HM Land Registry, on a monthly basis house prices have been falling in the country since last September.
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Company offers neighborhood data and connects homebuyers to real estate agents

“In a borrower's homeownership journey they are realizing that the biggest impediment is not finding the right house, it's finding what loan or how much they qualify for,” said Rick Arvielo, co-founder and CEO of New American Funding. “In their self-discovery, they are winding up in our call centers, and
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A Little-Known Program Explains Why the New CDC Director Earns Twice as Much as His …

The new director of the Centers for Disease Control and Prevention (CDC), Dr. Robert Redfield Jr., has no experience working in public health or managing a public health agency, but he's getting paid at least $150,000 more per year than any of his predecessors. Redfield's salary falls under a program
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Implementation of digital marketing trends important for realtors to survive – Savaliya Group

However, there came a time when the focus started to shift from offline to online marketing trends. Real estate developers like Savaliya Group in Ahmedabad started to chart marketing strategies through online methods. Meanwhile real estate advisory companies came up with classified platform to help
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Sean Hannity's real estate venture linked to fraudulent property dealer

Hannity defended his real estate investments on Monday, stating in a post to his website that he had chosen to invest his personal wealth in “communities that badly need such investment” and that he had limited involvement in the venture's day-to-day operation. “The fact is, these are investments that I
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Revealed: The First Details Of RBS's Next Gen Challenger Bank

RBS aims to move 1 million NatWest customers onto its new mobile bank,. – The banking giant believes it can make “significant” per-customer cost savings versus NatWest,. – A “beta” of the RBS mobile bank is on target for Q3, but it's unclear whether this will be open to the public,. – Rather than lending
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Animal Crossing: Pocket Camp – Fortune Cookies guide

If you've logged into Animal Crossing: Pocket Camp in the last week, you've probably heard some hullabaloo about Fortune Cookies and been accosted by a small raccoon trying to sell you things. Just another day in the world of Animal Crossing, right? But if you've ignored the sales pitch so far, it might
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Ventanex launches PaymentIQ smart exception processing for consumer lenders

PaymentIQ uses artificial intelligence and advanced imaging to streamline processing of complex, paper-centric payments, including bankruptcy checks, payoffs, wires, money orders and rejected items, the company said, adding that it is now in operation at a top-20 mortgage servicing company. “One of
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The New Way to Invest in Real Estate Starts With Emailing Rich People

Real estate fund managers Michael Episcope and David Scherer had Georgia on their minds—specifically, Atlanta. The city, part of the third-largest-gaining metro area in the U.S. last year, according to Census Bureau data, was only getting hotter. So when the co-founders of real estate investment
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Amazon invests Rs 144 crore in digital lending platform Capital Float

MSME digital lending platform Capital Float has received a fresh infusion of funds to the tune of Rs 144 crores ($22 million). And this time the investment has come from Amazon as part of the startup's Series C funding in the form of equity. This amount of $22 million forms part of the $45 million funding
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How Consulting Companies Can Keep Their Employees Happy

My organization Great Place to Work just published the ranking of these top organizations with our partner Fortune. Cooley, a list winner, and other professional service providers have a clear interest in bringing out the best in their people. Their businesses, more obviously than in other industries,
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TSB chief apologises for online banking chaos as MPs demand answers – business live

Pester has tweeted that he's 'deeply sorry' for the mess, and revealed that TSB have decided to take their online banking system offline! That's an attempt to fix the problems created by last weekend's migration to new IT systems.,. That means that TSB customers are going to face fresh disruption today.
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Mortgage rates higher for Tuesday

Mortgage rates higher for Tuesday

Multiple closely watched mortgage rates notched higher today. The average rates on 30-year fixed and 15-year fixed mortgages both floated higher. Meanwhile, the average rate on 5/1 adjustable-rate mortgages also inched up. Rates for mortgages change daily, but they have remained in a historically
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Banking royal commission: NAB bosses take pain for false witnessing of forms

Simple advice not given, is that right,” Hayne asked Hagger. Hagger agreed this specific advice had not been provided, but he argued that NAB didn't anticipate this false witnessing would be a problem – the form provides explicit instructions, and the bank had no expectations they would not followed.
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Vida moves to new HQ as lending doubles

Vida has also achieved its first securitisation and is conducting a pilot in the second charge mortgage market, offering a range of secured loans through selected master brokers. Guy Batchelor, sales & marketing director of Vida Homeloans, commented: “We are presently in full recruitment drive, as we
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Falsifying forms and impersonating clients among revelations at banking inquiry

They were among damning revelations heard at the banking royal commission on Tuesday. As they were being aired, the law firm Slater and Gordon announced it was partnering with global litigation funder Therium to investigate a major investor class action against AMP after more than a billion dollars
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TSB digital banking to be taken offline after upgrade failure

“This is yet another addition to the litany of failures of banking IT systems. Potentially millions of customers could be affected by uncertainty and disruption. “It simply isn't good enough to expose customers to IT failures, including delays in paying bills and an inability to access their own money.
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Why Quicken Loans isn't really in the mortgage business

The founder and chairman of Quicken Loans, now the largest mortgage company in the U.S., revealed that he does not consider himself to be “in the mortgage business.” Dan Gilbert, who in 1985 founded what would grow to become the Quicken Loans of today, presented at the Mortgage Bankers
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Florida Housing Market Remains Strong with Tight Inventory Pressuring Median Prices to Rise

ORLANDO, FL – Not enough homes for sale continues to influence Florida's housing market, as March's tight inventory constrained sales and put upward pressure on median prices, according to the latest housing data released by Florida Realtors. The statewide median sales price for single-family
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Global Shares Advance as US Bond Yields Push Dollar Higher

Since the global financial crisis in 2008-09, a combination of low inflation expectations and a bond-buying program by the Federal Reserve have helped keep bond yields low but they have climbed this year as inflation has picked up and the Federal Reserve raised interest rates. With the Fed no longer
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Worried about the next bear market? Real estate may be your best investment. Really.

Most investors harbor a deep mistrust of real estate, given their experiences during the financial crisis and bear market a decade ago. During the big downturn from late 2007 to early 2009, the Standard & Poor's 500 stock index fell 57%, and residential real estate — as measured by the S&P CoreLogic
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Apple Teaches India's Kid Coders to Win at the App Store

For his seventh birthday, Ashwat Prasanna's parents gave him a MacBook. Three years and one Apple boot camp later, his free measurement-converter app, Quickvert, has been downloaded more than 1,000 times on the App Store.
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Alphabet Is Sitting on About $11 Billion in Startup Investments

Google shared a result from its years of prodigious startup investing for the first time on Monday: The holdings are worth about $11 billion, based on company estimates. A new accounting rule prompted Google parent Alphabet Inc. to disclose the fair value for its private stock holdings in earnings reports
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Retail Reckoning: How Private Equity Is Boosting Some Brands and Crushing Others

It was the distinctive patch that caught his attention. Boston was enduring a particularly brutal winter in 2013 when Ryan Cotton began to notice a trend on his daily walk to work near Copley Square: the suddenly growing number of sharp-looking parkas with a logo showing a polar cap surrounded by
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SimplyBiz teams up with specialist lender InterBay

The specialist lender is part of the OneSavings Bank Group, and the deal means SimplyBiz members now have access to commercial and semi-commercial lending, buy-to-let, house in multiple occupation (HMO) and bridging loans. Martin Reynolds, chief executive of SimplyBiz Mortgages, said this
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Lending industry body is monitoring impact of changes to UK buy to let sector

He told the audience that there are challenges ahead for residential lending. 'In particular, we have seen a recent fall in buy to let investment, driven by recent tax and legislative changes. Our analysis shows the number of buy to let mortgages fell to 74,900 in 2017, down 27% on the previous year,' he
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EagleBank Mortgage Lenders Gonzalez and Pirzadeh Stand Out in National Mortgage Industry …

BETHESDA, Md., April 24, 2018 (GLOBE NEWSWIRE) — The 2017 national rankings are in from the Mortgage Industry publications that annually track and report mortgage lenders' performance in loan originations. EagleBank is recognizing and celebrating its share of high achievers. Senior Mortgage
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Another Special Election, Another Litmus Test for November: What To Know About Tuesday's Race …

On Tuesday, voters in Arizona's 8th district will go to the polls to elect a new U.S. representative in a special election. They will vote for Rep. Trent Franks' replacement. Congressman resigned in December amid allegations that he had offered to pay a staffer $5 million to carry his child as a surrogate.
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Eurozone bank lending survey encouraging for the ECB – ING

The negative deposit rate is showing less of a decline in impact on firm profitability, capital position and lending conditions.” “For the ECB, this survey should be encouraging. The effects of its accommodative monetary stance continue to support lending conditions and recent geopolitical tensions have
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$5 Billion Investment to Boost Pakistan Real Estate, as Major Developers Participate at the Dream …

Likewise, recent studies have indicated a significant move in the local real estate market of Pakistan towards overseas investment, being identified as one of the largest investors in the International Property Market. Pakistan's property buyers have increasingly secured homes and investment in Europe,
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Lending continues to rise Down Under for RateSetter Australia

PEER-TO-PEER lending platform RateSetter continues to pass lending milestones in Australia as its loanbook reached A$250m (£136.5m). The firm, which is the only Australian P2P lender open to retail investors, also announced that it now has more than 10,000 registered users on its site. RateSetter
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TSB customers still struggling to access accounts as online banking problems enter fifth day

TSB confirmed its 1.9m customers were still facing “intermittent” problems when attempting to log in to online services after a bungled switch over from a system the bank had been renting from its old owner Lloyd's Banking Group. Customers had been warned the transfer of 1.3 billion customer records to
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Mortgage lender's license suspended

Mortgage lender's license suspended

A longtime Jacksonville resident has had his mortgage loan originator license suspended after an investigation at the Springfield branch of Diamond Residential Mortgage Corp. led investigators to suspect fraud, according to the Illinois Department of Financial and Professional Regulations' Division of
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Sean Hannity's Real Estate Portfolio Raises Journalism Ethics Questions

Sean Hannity's Real Estate Portfolio Raises Journalism Ethics Questions … The talk show host reportedly amassed a big real estate portfolio during the foreclosure crisis. Some homes were purchased with HUD support, which he didn't reveal when interviewing the HUD Secretary. Facebook; Twitter
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Is Now The Time to Build a Digital-Only Banking Solution?

Modern banking is a far cry from the long queue lines and the headache-inducing paperwork of the past. Entire banking relationships are available today through a couple taps on a smartphone. In fact, a recent PwC report revealed that 46% of consumers now prefer to interact with banks though digital
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BRIEF-Cromwell European Real Estate Investment Trust To Buy Property In Italy

BRIEF-Cromwell European Real Estate Investment Trust To Buy Property In Italy. Reuters Staff. 1 Min Read. April 24 (Reuters) … European Real Estate Investment Trust: * ENTERS PRELIMINARY SALE & PURCHASE AGREEMENT TO BUY PROPERTY LOCATED AT 13 VIA JERVIS, IVREA, ITALY.
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Apple Supplier AMS's Outlook Spurs Fears of Weak iPhone X Demand

Apple Inc. supplier AMS AG shares tumbled after cautioning on negative operating margins, yet another semiconductor company to spark warnings from analysts of shaky demand for the iPhone X. The poor short-term guidance given by Austrian-based AMS late Monday was heavily impacted by lower
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Deutsche Bundesbank issues bidding notice

The German Finance Agency acting on behalf of its federal government will reopen via auction the 9 billion two-year 0 percent Federal Treasury notes that was launched in February 2018. Deutsche Bundesbank said that an increase of €4 billion is envisaged. The current volume amounts to €9 billion.
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Godfreys Breach Lending Covenant, During Takeover Talks

As consumers flock to The Good Guys, JB Hi Fi and Betta Electrical to buy their cleaning appliances takeover target Godfrey who pioneered the sale of cleaning products in Australia is wallowing to the extent that the Company has warned that have technically breached a covenant due in part to soft
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Palm buyers urged to work on sustainability, not ban vegetable oil

“It is just the latest fashion that buying palm oil is a bad idea,” said Robert Nasi, director general of the Center for International Forestry Research (CIFOR). Much better is for buyers and consumers to work with sustainability bodies and schemes, like the Roundtable on Sustainable Palm Oil (RSPO), and
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Q & A with Sr. Theresa Perera, lending a hand to Jordan's migrant workers

The private homes in Amman's richest neighborhoods have sweeping views of the city's rolling hills and private courtyards filled with lemon trees and bougainvillea flowers. But behind the high walls of the city's richest homes are thousands of migrant workers, many of whom are live-in domestic help and
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Federal National Mortgage Association (FNMFN) SMI Pointing to Potential Moves

The Stochastic Momentum Index (SMI) for Federal National Mortgage Association (FNMFN) has pinging above +40, reaching key levels. The most common method of using SMI is to look for buy trades when the SMI falls under -40 and then rises back above through -40. Sell trades are looked for when
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Google CEO Sundar Pichai Isn't Stressed Over Privacy, But Investors May Have Reason to Worry

Is Google stressed about the EU's big incoming privacy law? Not so much, CEO Sundar Pichai has claimed. But there may indeed be reasons for the company's investors to be concerned about the company's future revenues. Speaking on Alphabet's Q1 earnings call, Pichai noted that Google has been
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Tala raises $65 million for alternative credit scoring and mobile lending

ImpactAlpha, April 24 – Tala, based in Santa Monica, offers small loans of $10 to $500 to people worldwide with no or slim formal credit files. It uses mobile and behavioral data to review loan requests, and disburses the funds through a mobile wallet. Tala has originated $300 million in small loans to 1.3
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George HW Bush Hospitalized With Blood Infection, Spokesman Says

Houston (AP) — Former President George H.W. Bush has been hospitalized in Houston with an infection, just after attending the funeral of his wife, Barbara, a spokesman said Monday. Jim McGrath said on Twitter that the 93-year-old Bush is “responding to treatments and appears to be recovering.
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Nearly half of Indian bank accounts are rarely used

Half of India's bank accounts are, in fact, rarely used. Around 48% of the country's bank accounts have seen no transactions in the last one year, the World Bank says in its Global Findex database report released last week. India has the world's highest share of inactive accounts, about twice the average
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Facebook Tries to Bring More Transparency to Opaque Set of Guidelines

Facebook has released more comprehensive “community standards”—the rules for what can and can't be posted on its service—in an effort to provide more transparency at a time when many users and regulators are increasingly wary of the social media giant's practices. These new code of conduct,
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Australian banking inquiry will be 'of use and interest to us', PM Jacinda Ardern says

Prime Minister Jacinda Ardern has left the door open to a banking inquiry in New Zealand. Even if New Zealand does not pursue its own investigation, Australia's inquiry will doubtless be of interest in this country because of New Zealand's links with Australian banks, she said. New Zealand's biggest
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Business council says exempting banks from Coalition's tax cut would punish customers

On Tuesday the BCA appeared before a Senate inquiry that was called in response to the council's non-binding commitment that its members would increase investment if the company tax cut was passed. The inquiry comes as public outrage at revelations of widespread misconduct in the banking royal
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Customers Bank Becomes Latest Financial Institutions to Implement Modern Core Banking …

FIS (NYSE:FIS), a financial services and payment technology firm, announced last week Customers Bank is one of the latest community-based financial institutions to implement its modern core banking platform. According to FIS, the new core banking platform provides a more intuitive and
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An FAQ for paying property taxes in Summit County

What year am I paying taxes for? In Colorado, tax payments are made in arrears (2017 taxes are due in 2018). I didn't own the property all of 2017, am I responsible for the full amount? Yes, contact your title company or review your HUD-1 for details as to the proration and collection of taxes at closing.
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Sask. population growth leads to strong housing market: report

It could be a good time to become a homeowner in Regina and Saskatoon in the coming years. The Canadian Mortgage and Housing Corporation (CMHC) released a housing market insight report for Regina and Saskatoon earlier in April. The report indicated there has been a large amount of houses,
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Banking royal commission day 17: NAB, ANZ

Banking royal commission day 17: NAB, ANZ

ANZ staff witnessed forms when they actually hadn't, another planner's staff impersonated clients, and a customer was called “nit picking” for contesting advice that would have cost her $500,000. How today unfolded. One heck of a learning process for Sam Henderson. Stefan Postles. Sort posts by:.
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Inlanta Mortgage Named Top 10 Medium Mortgage Company by SocialSurvey

Inlanta Mortgage, Inc. is pleased to announce they have been recognized as one of the nation's best mortgage lenders for customer satisfaction with SocialSurvey's 2017 Top 10 Medium Mortgage Company Award. PEWAUKEE, Wis. (PRWEB) April 24, 2018. SocialSurvey's Top Performers Awards
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3i buys majority of International Cruise & Excursions for $150 mln

3i buys majority of International Cruise & Excursions for $150 mln. April 24, 2018; By Luisa … 3i Group plc is buying another travel company. The publicly traded U.K. private equity firm is acquiring a majority of International Cruise & Excursions Inc for $150 million, according to a source. The Scottsdale
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Proof government knew about bank's dodgy behaviour

NEW details are emerging that the Turnbull Government knew about the extent of the banks' bad behaviour, but did nothing about it. Malcolm Farr@ … Prime Minister Malcolm Turnbull knew of bad banking behaviour and this week even boasted he had “called it out” two years ago. The government had
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State provides mortgage relief for underwater homeowners

To me it felt like, it may me feel more proud I guess that I had been a responsible homeowner and this program really paid out,” I-REFI recipient Scott Juliano. In order to qualify for the program, homeowners must be current with their mortgage for the last twelve months have make less than $94,800 per
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Live: Banking royal commission questions top NAB executive

National Australia Bank is the focus of the banking royal commission this morning, with senior executive Andrew Hagger under pressure to explain improper conduct by some of its financial advisers, including forged initials on documents.
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Stocks in Asia Climb, Dollar Extends Its Advance: Markets Wrap

“For us it's more the reasons why we're seeing the move: better growth outlook, a little bit more inflation and faster rate hikes being priced in by the market,” Kerry Craig, Melbourne-based global market strategist at JPMorgan Asset Management, told Bloomberg TV. “It should be reaffirming the fact that we
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Lending platform Capital Float raises $22 mn from Amazon

Bengaluru-based digital lender Capital Float has raised $22 million (Rs 144 crore) in equity funding from e-commerce major Amazon India, a company statement said. The company will use the funds to bolster its end-to-end digital loan origination system and to design innovative credit solutions for
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Ten People Have Died in Canada's Worst Mass Killing in Almost 30 Years

A driver plowed a white rental van through a crowd of pedestrians on a busy Toronto sidewalk Monday, killing 10 and injuring 15, in Canada's worst mass killing in almost three decades. A 25-year-old man was arrested after a lone policeman unwaveringly stared down the agitated suspect — clothed
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See the Cincinnati-area neighborhoods with the fastest-selling homes

The home of your dreams could disappear from sight in a moment of hesitation in the Cincinnati-area's fast-selling housing market. Last year, U.S. homes sold at the fastest pace on record, averaging 81 days on the market, according to a new report from Zillow, an online listing service and real estate
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Dirty little secrets: why banks need to be more transparent

Commonwealth Bank's bemusement and sense of being blindsided by Austrac's decision to launch legal action over breaches of anti-money laundering laws last year, when reviewed in the context of the shocking disclosures coming out of the banking royal commission, provides a broader insight into
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Liquid Filter Housing Market Analysis, Revenue, Price, Market Share, Growth Rate, Forecast by 2023

The qualitative research study conducted by HTF MI titled “EMEA (Europe, Middle East and Africa) Liquid Filter Housing Market Report 2018” provides primary Data, surveys, Scope of the Product and vendor briefings. The market dynamic forces have been determined after conducting a detailed study of
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AMP financial planner wasn't sacked despite being known to give clients 'inappropriate' advice

Yesterday, the banking royal commission heard the financial services company had known the unnamed planner, known only as “Mr E”, gave his clients “inappropriate” financial advice. In fact, the firm had been aware that Mr E had been financially harming his clients since March 2017 — however, AMP
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The Future of Non-Bank Real Estate Lending: 10 Predictions for the Next 10 Years

Non-bank real estate lending become much more prominent in the wake of the financial crisis as banks pulled back dramatically from this asset class, which played such a large role in causing the crisis. With the U.S. government and regulators injecting hundreds of billions of dollars to avoid a collapse
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Banking Royal Commission: ANZ planner used clients' super to fund own marina apartment …

A DODGY ANZ financial planner — identified only as “Mr A” — used clients' self-managed super fund money to buy a marina apartment development for his own company, the royal commission heard. Mr A told the clients they were investing in a unit trust which owned the property, while he really put the
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Hong Kong Housing Society agrees that prices of government-subsidised flats could be adjusted

The city's second-largest provider of public housing said on Tuesday that government-subsidised flats could be priced according to what residents can afford, noting flats were once sold at a 60 per cent discount on market prices. Hong Kong Housing Society chairman Marco Wu Moon-hoi said the
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TSB: up to 1.9m customers still facing online banking chaos

A TSB spokesperson said: “We are currently experiencing large volumes of customers accessing our mobile app and internet banking which is leading to some intermittent issues with people accessing our services. We are really sorry for the inconvenience this is causing our customers and want them to
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What Is Yara International ASA's (OB:YAR) Share Price Doing?

Let's talk about the popular Yara International ASA (OB:YAR). The company's shares saw significant share price volatility over the past couple of months on the OB, rising to the highs of NOK376.4 and falling to the lows of NOK318.4. This high level of volatility gives investors the opportunity to enter into
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NAB planners falsifying forms a 'social norm'

Thousands of National Australia Bank customers have had their planner falsify documents relating to their finances, a senior executive has told the banking royal commission, admitting that the practice was a “social norm” within the bank. But the bank's crackdown on planners falsifying death beneficiary
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Lending seasonal field work in Russia has increased by 20.83%

Lending seasonal field work in Russia has increased by 20.83%. 24.04.2018. | UkrAgroConsult. The Ministry of agriculture conducts monitoring in the sphere of crediting of agro-industrial complex of the country. As of 19 April, the total volume of issued credit funds for the spring sowing campaign has
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