The Atlantic City Housing Market Picture Looks Bleak

The Atlantic City Housing Market Picture Looks Bleak

In a piece for HousingWire, Eric Fox, vice president of statistical and economic modeling at Veros Real Estate Solutions, outlines the tough situation in which the Atlantic City, N.J. housing market finds itself. According to his company's VeroFORECAST, which projects real estate appreciation in 342 MSAs
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Manitowoc County real estate transfers and homes sold: April 29, 2018

To determine the purchase price of the real estate, divide the transfer fee by 0.003. For example, a transfer fee of $250 would indicate a purchase price of $83,333. Real estate sold at a price of $100,000 would have a transfer fee of $300. OTHER NEWS: Manitowoc man arrested after four run-ins with
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Fortune affirms what we already knew — Dallas has a world-class leader in Michael Sorrell

We've had a front-row seat these last 11 years to watch innovative leader and outspoken problem solver Michael Sorrell turn around Paul Quinn College in southern Dallas. Now the world is taking notice: Sorrell, president of the historically black college, has just been named to Fortune magazine's 2018
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UK, EU banking regulators team up in case of cliff-edge Brexit

“It's vital that regulators come together to address cliff edge risks,” said Simon Lewis, chief executive of pan-European banking lobby AFME. Britain's Financial Conduct Authority wants to start working with its EU counterparts immediately on making sure that trillions of pounds in cross-border derivatives
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These are the worst housing markets for millennials

Young Americans looking to buy a home are facing tough times this spring as low inventory and high prices meet strong demand. But the localness of real estate means that there are wide differences between the toughest markets for millennials and those where they should find buying a home relatively
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Citizens Bank: outage affecting direct deposits resolved

EAST PROVIDENCE, R.I. (WPRI) — Friday is payday for many people. However, Citizens Bank customers expecting to see money in their accounts woke up to find their direct deposits hadn't gone through. According to a tweet, the bank said a processing delay prevented transactions from being posted
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House of the Week: Pompey home has 'ample space and privacy'

Monthly Mortgage: $1,878 (based on this week's national average rate of 4.42 percent, according to Freddie Mac, for a 30-year fixed-rate mortgage with a 20 percent down payment. Fees and points not included.) Total taxes: $15,758 (Based on assessed value of $459,900). Built: Originally built 1989.
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Accord adds 95% mortgage range for FTBs

Accord Mortgages has launched a range of 95 per cent LTV mortgages specifically for first-time buyers. The deals are available at two and five-year fixed rates and come with £1,000 cashback on completion and free standard valuation. Certain deals are available fee-free, including a two-year fix at 3.94
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Current Mortgage Rates Hold at High Levels

Mortgage rates moved higher this week. They are holding fairly steady at those levels as we finish out the week. It seems as though they are more likely to move higher than lower over the coming weeks so anyone looking to buy a home or refinance their current mortgage is probably going to be better
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CBRE Negotiates $37M Refinancing for 170-Unit Seniors Housing Community in Arizona

The Freddie Mac loan includes a seven-year term, fixed rate and 36 months of interest-only payments. Aron Will of CBRE National Senior Housing, along with Andrew Behrens and Jesse Weber of CBRE Multifamily Institutional Group, arranged the financing. Facebook Twitter Email LinkedIn Share
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Blockchain Real Estate: Selling Property Is Getting Easier

Blockchain real estate transactions, records, and marketplaces could radically change the way we think about property. Current systems for tracking and trading real estate are disjointed and inefficient. There's an enormous opportunity for blockchain to standardize and secure real estate data.
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NFL-star-turned-Umpqua-exec Tory Nixon on 'banking as a team sport'

Nixon was promoted this month to chief banking officer at Umpqua, where he'll help lead the bank into a more technologically-savvy future through its “human digital strategy.” Before joining Umpqua in 2016 as vice president of commercial and wealth, Nixon spent about 10 years at Bank of America and
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UK house prices edge up in April, seen slow in 2018 – Nationwide

However, a shortage of homes for sale is expected to continue to shore up the housing market. An industry group said earlier on Friday that in 2017/18 financial year, housing starts of 154,698 were 2 percent lower than a record high in 2016/17. Prime Minister Theresa May wants construction of new
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Ask a real estate pro: How can I make my community's board listen to my ideas?

Q: I live in a beautiful community that is well maintained by the board and its various committees. All is great, except for the roads — they are ugly with oil marks and patched areas. I have asked after this, but it does not seem to be a priority of the board of directors. How do I get the board to address this
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Thousands of Women Say LuLaRoe's Legging Empire Is a Scam

Roberta Blevins likes to talk to strangers. If you're next to her on an airplane or behind her at the grocery checkout, she'll notice something about you that she finds interesting and ask you about it. “I'll be like, 'Oh, you're buying apples? I love apples! What's your favorite kind?' ” she says. “My husband
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9 top International Payment tips for businesses

If you're regularly buying from and selling abroad, fees could soon take a portion of profit from your bottom line. Pick a provider whose fees are transparent and made clear upfront so you can better manage your expenses. Look for a service where rates are consistently good – don't be lured with teaser
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Mortgage rates today, April 27, 2018, plus lock recommendations

Mortgage rates today are nearly unchanged from yesterday's. The only economic news was not great for rates. The release of the first quarter 2018 Gross Domestic Product (expected to increase 2 percent), and Consumer Sentiment (expected to increase to 98.0) both showed greater-than expected
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Trump tax cuts fail to provide boost to nation's GDP

“The latest GDP growth rate of 2.3% is short of what is possible,” NAR Chief Economist Lawrence Yun said. “Residential investment spending showed zero growth because single-family and condominium construction have not been growing meaningfully. In America today, there is a major housing crisis.
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What an End to the 68-Year Korean War Would Mean

As neighborly disputes go, this one really has dragged on. Some 65 years since open hostilities ended, North and South Korea are still technically at war. However, after a sudden warming of relations this year, Kim Jong Un became the first North Korean leader to visit South Korea on April 27. He held
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Should You Be Concerned About AND International Publishers NV.'s (AMS:AND) Shareholders?

I am going to take a deep dive into AND International Publishers NV.'s (ENXTAM:AND) most recent ownership structure, not a frequent subject of discussion among individual investors. A company's ownership structure is often linked to its share performance in both the long- and short-term. If an activist
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RBC hikes mortgage rates, joining TD

RBC hikes mortgage rates, joining TD

Royal Bank of Canada is raising the posted rates on some of its fixed-rate mortgages, becoming the second big bank this week to adjust its rates following sharp increases in government bond yields. RBC confirmed that it is raising rates on its one-to-four year mortgages by 15 basis points. It is also
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Thursday began full-album shows, joined by Jonah Matranga & Hether Fortune

Night 1 had Wax Idols, who used to be signed to Geoff Rickly's label, and whose main member Hether Fortune goes back with Thursday and has performed with them before. She did that again on Wednesday, joining them on stage for “Paris In Flames” (video below). Night two had a friend Thursday go
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EFG Flags Return to Acquisitions

Swiss private bank EFG International gave investors an update on its start to the year as well as its next strategic steps. Under new CEO Giorgio Pradelli, the bank is returning to the acquisition trail. The Swiss private bank gave investors at its shareholder meeting on Friday a glimpse of business in the
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Navistar International (NAV) Lifted to “Buy” at ValuEngine

ValuEngine upgraded shares of Navistar International (NYSE:NAV) from a hold rating to a buy rating in a research report released on Tuesday, April 17th. Other analysts have also issued reports about the company. Royal Bank of Canada reaffirmed a hold rating and set a $45.00 target price on shares
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Canadian mortgage rates are going up yet again

TD Bank, Canada's second largest lender, has raised its rate for five-year fixed mortgages by a whopping 45 basis points to 5.59 percent, making it one of the biggest mortgage rate increases by a major Canadian bank in the last few years. In an emailed statement to Bloomberg News, TD Bank
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This Time Around, Election Offers Choices for Most Town Voters

The course of five western Loudoun town governments will be set by voters Tuesday. For many, this campaign season has been the most competitive in decades. In total, nearly 8,500 people are eligible to vote in those contests. There will definitely be two new mayors starting July 1. Middleburg's Betsy
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Encore Sotheby's settles into new building, announces 2 tenants

After nearly a year of construction, the building's first two tenants – boutique real estate firm Encore Sotheby's and private air travel company Jet Linx – moved in to their new offices in November 2017, and Loan Depot and Near North Title Company are expected to open on the first floor May 15 and June
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Newsworthy Brit bank TSB is looking for a head of infrastructure

An exciting job advert has mysteriously appeared that is seeking a techie to head up infrastructure at TSB, just days after the bank's monumental and ongoing IT cockup began. The Register has asked TSB what the recruitment means for current infrastructure head Damon Yates, who is still listed as
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The Drivers of Loan Application Defect Risk at the Local Level, According to First American's Loan …

SANTA ANA, Calif.–(BUSINESS WIRE)–Apr 27, 2018–(NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released the First American Loan Application Defect Index for March 2018, which estimates the frequency of defects,
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Freddie Mac Examines Loan to Possible Rent-to-Own Housing Provider

Freddie Mac, the huge government housing-finance company, is reviewing whether it inadvertently lent support to a company that specializes in a type of rent-to-own program that critics call predatory. Freddie Mac said it was examining a loan it effectively guaranteed under a pilot program meant to
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Didi's expansion out of China shows ambition for smart city innovation

UBER's rival in China is moving fast. Didi Chuxing, hailed as China's Uber is trying to make a mark in the international market by buying its way around the globe. As it edges Uber off the international market, its sights are set on developing its fleet and technology. With the amount of investment Didi is
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Saints willing to mortgage future for Marcus Davenport

The Saints knew they wanted pass-rusher Marcus Davenport, and they knew he wouldn't be there at No. 27. So they didn't mind taking out a loan for the future to get him. Saints coach Sean Payton shrugged off the cost of moving to No. 14 to take Davenport, a deal with the Packers that cost them a
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TD hikes 5-year posted mortgage rate to 5.59%

Fixed-rate mortgages are tied to what's happening in the bond market, and bond yields in Canada and the U.S. are near multi-year highs right now, which is why banks are passing those added costs on to consumers. “We look at a number of factors when determining rates including the competitive
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Real estate roundup: WeWork to debut new office space in Costa Mesa

WeWork, a company that specializes in renting co-working spaces, is expanding in Orange County. The New York-based startup is opening a two-story workspace across the street from South Coast Plaza in Costa Mesa. The space at 3200 Park Center Drive will have enough room for up to 700
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Waterstone Mortgage Names Nathan Vlazny Vice President of Underwriting

Nathan Vlazny has joined national mortgage lender Waterstone Mortgage Corp. as vice president of underwriting. Vlazny was previously underwriting manager for the South Atlantic Region of Academy Mortgage. He has more than 15 years of experience in underwriting; 10 of those being in
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RBS profits soar but US mortgage settlement lingers

Royal Bank of Scotland, which last year posted its first annual profit since a government bail out a decade ago, has reported a strong start to 2018 with a sharp jump in its bottom line. The bank said attributable profits during the first three months of this year stood at £792m, more than treble the £259m it
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EU defence agency and investment bank to finalise lending accord before 2019

The European Defence Agency and the European Investment Bank (EIB) aim to finalise their envisioned “co-operative financial mechanism” (CFM) by the end of 2018, thus placing the EIB's vast borrowing muscle at the service of multination defence research and acquisition activities across the EU.
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Apple Sours Tech Sector's Week With Earnings Anxiety

For all the hubbub surrounding tech earnings, a company that hasn't yet reported is the biggest drag on the sector for a second straight week. Yep, Apple — and not earnings eggs laid by Alphabet or PayPal or even EBay — is the primary reason the S&P 500 Information Technology sector has been in the
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Virtu Veteran's Crypto Market Has a $1 Million Debut

The idea goes to the heart of what many blockchain supporters want: eliminating middlemen in industries from finance to real estate and health care. It also makes digital currencies immune to government crackdowns on cryptocurrencies, such as China's attempt to close markets within its borders.
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Investors Buy Shares of MGM Resorts International (MGM) on Weakness After Earnings Miss

Traders purchased shares of MGM Resorts International (NYSE:MGM) on weakness during trading on Thursday after the company announced weaker than expected quarterly earnings. $233.99 million flowed into the stock on the tick-up and $185.05 million flowed out of the stock on the tick-down, for a
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Will Exxon Reward Investors? 5 Things to Watch in Earnings

Will Exxon Reward Investors? 5 Things to Watch in Earnings

For Exxon Mobil Corp. first-quarter results Friday are a shot at redemption. A few months ago, weak fourth-quarter 2017 earnings gutted the shares in a six-day rout that helped push the stock to its lowest level in more than two years. A plan announced a few weeks later to hike capital expenditures to
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Toronto-Dominion lifts mortgage rate in 'biggest move in years'

Toronto-Dominion Bank has lifted its posted rate for five-year fixed mortgages by 45 basis points to 5.59% as Canadian government bond yields touched their highest levels since 2011 this week. “It's a big move, the biggest move in years,” said Rob McLister, founder of RateSpy.com, a mortgage
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Finally, A Real Estate Brand For People Under 80

Century 21. Coldwell Banker. Re/Max. The real estate brands of today still feel aimed at some platonic ideal of a wealthy client who will be attracted to a staid, investment banker-style aesthetic that speaks more to financials than inspiration or happiness. But as millennials enter the housing market–the
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Berkshire region real estate sales April 8–14, 2018

Adams. 12 Pine St: Jeffrey S. and Brittney L. Vachon of Adams to Jennifer Moreau, $155,000 on 04/09/2018. Becket. 384 Silver Leaf Dr: William K. and Felicia Dorste of Becket to Gregory G. Beskalo and Diane K. Dunn, $216,000 on 04/12/2018. Cheshire. 71 Daniels Ter: Raymond A. Condron of
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BRIEF-Atrium European Real Estate Exits Romania, Sells Atrium Militari

BRIEF-Atrium European Real Estate Exits Romania, Sells Atrium Militari. Reuters Staff. 1 Min Read. April 27 (Reuters) – Atrium European Real Estate Ltd: * EXITS ROMANIA WITH EUR95 … AGREEMENT TO SELL ATRIUM MILITARI SHOPPING CENTRE IN BUCHAREST TO MAS REAL ESTATE INC
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China Formally Adopts Tighter Lending Rules

BEIJING—China's central bank formally adopted far-reaching rules to rein in risky lending in the financial system, though regulators are giving banks and asset managers longer than expected to comply. Friday's release of the asset-management regulations followed five months of delay and pushback
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Apple Is Exiting the Wireless Internet Router Business

Apple is officially discontinuing its router models. Apple's existing routers—including the AirPort, AirPort Extreme, and Time Capsule—will only be available as supplies last, an Apple spokesperson told Engadget. It won't come as a surprise to many, especially as Apple's hardware division tasked with
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Weyerhaeuser (WY) Q1 Earnings Top, Housing Market a Boon

In the quarters ahead, Weyerhaeuser anticipates leveraging benefits from strengthening housing-market conditions (as evident from rising housing … For the Real Estate, Energy and Natural Resources segment, the company anticipates sequentially comparable earnings and adjusted EBITDA in the
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Financial crises hang over nations spared last one

Lots of lending, even into a rapidly rising housing market, doesn't mean disaster is inevitable. If loans are used productively they can boost economic growth and be easily repaid, while a strong economy can cope with bad loans. But rising private debt in general and mortgage debt in particular is one of
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Senate kills effort to prevent racial discrimination in the auto loan market

The color of your skin can make buying a car more expensive, decades of experiments and data show. As a result, the Consumer Financial Protection Bureau put out a notice in 2013 reaffirming that discriminatory auto lending is illegal. The Senate has voted to undo that guidance. The measure next
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Earnings Are Beating Expectations at Fastest Rate Ever

It's been a banner earnings season so far, at least compared to expectations. Whether it's the tax cut or just poor forecasting by analysts, S&P 500 index members have been delivering profits above estimates at the best pace on record — with 82 percent of the 265 index members topping forecasts so far.
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Market hatred by the left stymies housing affordability

One of the greatest impediments to easing the housing affordability crisis in evermore-expensive both-coast cities like Washington is the dominance of marketplace-hating and regulation-loving attitudes among political and affluent elites. These influential constituencies mistakenly believe that more
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President approves ratification of agreement with IBRD for lending to small and medium-sized …

The document provides for Ukreximbank to receive loans from the International Bank for Reconstruction and Development to provide Ukrainian SMEs with medium- and long-term financing of production needs, including investment lending and working capital financing. Implementation of this project will
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Payments Startup Square Comes Out of the Shadows by Going on a Shopping Spree

Square is stepping into the limelight. Today, the mobile payments company announced it would acquire website creation platform Weebly for $365 million in cash and stock. Square said that the Weebly acquisition would allow the companies to “build the future of commerce together.” In other words
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Exxon Posts Worst First-Quarter Output Since 1999; Shares Fall

For the biggest U.S. oil explorers, the first quarter was a study in contrasts: Chevron Corp. beat every analyst estimate, while larger rival Exxon Mobil Corp. fell short on both production and profit. The performances underscore the challenges facing the two descendants of John D. Rockefeller's sprawling
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Trump's Tariffs Could Weaken the GOP's Grip on Congress

The collapse of U.S. sorghum exports to China hit another red state, Kansas, the largest U.S. producer. “We knew this was hanging over our heads,” says Kurt Winter, a sorghum farmer in Sedgwick County, just outside Wichita. “When we heard the news, it was still just devastating to us. It's really going to
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Credit history, DTI ratio lead reasons for mortgage app denials

A LendingTree study has revealed that credit history, including credit score, and debt-to-income ratio are the leading reasons behind mortgage application denials. The two reasons each account for 26% off all mortgage application denials. In its study, LendingTree delved into data from more than 10
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TD raises posted 5-year fixed mortgage rate to 5.59%

Toronto Dominion Bank has raised its posted rate for five-year fixed mortgages by 0.45 of a percentage point to 5.59 per cent. The posted rate is the rate Canada's big banks advertise publicly. The banks, however, often offer their preferred customers rates that are heavily discounted compared to their
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Business news in brief

Mortgage buyer Freddie Mac — the Federal Home Loan Mortgage Corp. — said Thursday that the average rate on 30-year, fixed-rate mortgages jumped to 4.58 percent from 4.47 percent last week. By contrast, the benchmark rate averaged 4.03 percent a year ago. The average rate on 15-year, fixed-rate
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New household formation fails to keep up with population growth

“The broader economic environment remains favorable for home sales,” said Len Kiefer, Freddie Mac's deputy chief economist. “But without new-home construction and increased housing supply, home sales in the U.S. will have a hard time growing from current levels. If incomes grow and mortgage rate
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Banks should face court too over conduct breaches

Banks should face court too over conduct breaches

AMP is facing criminal prosecution and possibly millions of dollars in civil penalties, with the royal commission also being urged to pursue the nation's biggest banks for a raft of breaches of corporate law. Capping off a sensational fortnight of evidence, senior counsel assisting the commission Rowena
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Why Democrats are about to get stoked about postal banking

The idea has been floating around for years, but it's been given new impetus by Sen. Kirsten Gillibrand (D-N.Y.), who announced this week that she'll be offering legislation to put a bank offering simple, low dollar financial services like debit cards, checking and savings accounts, and even small loans,
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Legal & General launches affordable housing division

Nigel Wilson, chief executive of L&G, said: “Despite the fact that the UK is a great place to invest, thirty years of under-investment have led to poor productivity, low real wage growth and numerous market failures. Affordable housing is a classic example of under-investment with minimal new equity
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Nintendo Partners Cygames, Announces New Mobile Game Dragalia Lost

It took Nintendo some time to enter the world of mobile gaming, and now that it's into it, the Japanese company wants to the make most of it. Nintendo, on Friday, revealed its latest mobile gaming title – Dragalia Lost – an RPG game jointly developed with Cygames. On Friday, the Japanese game maker
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Malaysia's Prime Minister Says Markets to Decide on Currency

Najib's pledge to let markets determine the ringgit's level comes after the central bank cracked down on trading of offshore non-deliverable ringgit forwards in late 2016. To restore confidence, policy makers adopted measures including allowing investors to fully hedge their currency exposure.
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Amundi's Eastern Promise

Last month, Perrier told my Bloomberg News colleague Fabio Benedetti-Valentini that the firm was seeking to expand its Asian asset base by 50 percent to $300 billion within three to five years. At a euro exchange rate of about $1.20, the $228 billion under management in the region at the end of March
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Peoples State Bank Partners with Sageworks to Digitalize Commercial Lending Business

As part of its digitalization plan, community bank Peoples State Bank today partnered with financial technology provider Sageworks, to digitalize its commercial lending business. The partnership with Sageworks will be to “boost [the] efficiency and scalability,” of its commercial lending and allowance
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US Growth Cools to 2.3% While Compensation Costs Accelerate

“The biggest question is what's going to happen in the second quarter,” said Jacob Oubina, senior U.S. economist at RBC Capital Markets. Delayed tax refunds may have held down consumer spending, which is likely to rebound in the second quarter as incomes rise, he said. “The labor market is
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Amazon Closes in on Title of Largest US Company

Amazon.com market value jumped on Friday morning after its latest earnings report, putting the company closer to overtaking Apple as the largest U.S. firm. Shares of the e-commerce giant surged as much as 7.9% in early trading Friday to their first all-time record in six weeks, giving Amazon a market
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Just when you thought banking could not stoop any lower

Some things in Britain can't get any worse and yet somehow do: the weather, the Home Office, The Archers. But I would never have put our banking industry on the list. I thought it had hit rock bottom already. More fool me. This week the moneymen fell deeper into national overdraft. First was TSB, which
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CFPB fixes TRID “black hole,” amends Know Before You Owe

The CFPB announced it finalized an amendment to its Know Before You Owe rule, also called the TILA-RESPA Integrated Disclosure rule, that addresses when mortgage lenders with a valid justification can pass on increased closing costs to consumers and disclose them on a Closing Disclosure.
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Nintendo partners with Japanese dev Cygames on new mobile title

Nintendo has partnered up with Japanese developer Cygames to create a new title for smartphones called Dragalia Lost. The game is being pitched as an “all-new original action RPG application” built from the ground up for mobile. Nintendo has been co-developing the title, and will jointly operate it
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New Mortgage Bonds May Prove a Double-Edged Sword for Investors

The Federal Housing Finance Agency's plan to combine Fannie Mae and Freddie Mac mortgages into a single security starting in June 2019 promises … The impending UMBS launch is already mostly priced in to Freddie/Fannie Mae swaps, Morgan Stanley MBS strategists led by Jay Bacow wrote back
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House price growth creeps up but market remains slow, according to Nationwide building society

The annual rate of house price growth edged higher in April, after two consecutive months of decline, according to Nationwide, but it remains only half the pace of two years ago. Britain's biggest building society said that house prices rose by 2.6 per cent in the year to April, up from 2.1 per cent in
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Price cuts at luxurious Hamptons estates

It sold last month for $49 million to two separate buyers; one paid $36 million for 11 acres, including the 20,000-square-foot main house on Mecox Bay, and the remaining land traded for $13 million, said a spokesman for Sotheby's International Realty, which represented the buyer of the main house.
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Australian offices are as green as ever

“Despite the presence of a wide variety of local building certification programs, internationally recognised green building certificates tend to be more widely adopted in the commercial real estate market. Tenants and investors need such standardised measures of environmental performance,” Dr. Rogier
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Wall Street's "Textbook Bear Market" Lie Is a Rip-Off Designed to Take at Least 20% of Your Wealth

There is no official standard for what constitutes a bear market. It's a classic big lie. There's no official body to set the standard, and it couldn't be done even if there was. Setting aside all commodities, bonds, real estate – anything else that's traded daily – stocks alone are bought and sold in around 60
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Scaling Real Estate Crowdfunding: PeerStreet Establishes a Culture of Excellence at the Top

PeerStreet is an award-winning real estate investment platform that wants to enable a far wider audience to invest in real estate debt. The company provides investments in short term, real estate backed loans – an asset class that has traditionally been difficult to access. The enactment of investment
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3 critical steps to secure online banking

People often joke about having “bankers' hours,” but really, aside from bankers, who works a standard 9 to 5 anymore? With the hours most of us work, it seems we can never make it into a branch in time, or we discover a banking need on a Sunday and are out of luck. Now, thanks to online banking, we
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Please, won't someone just buy some real estate stocks?

Investors do not seem to be feeling real estate investment trusts these days, but they still love private real estate funds. REITs are trading at a 16.4 percent discount relative to their assets, which is one of the biggest gaps ever outside of recessions, according to Green Street Advisors data cited by the Wall
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Crown Castle International (CCI) Upgraded to “Buy” at ValuEngine

Crown Castle International (CCI) Upgraded to “Buy” at ValuEngine

Crown Castle International (NYSE:CCI) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Monday, April 2nd. Several other analysts also recently weighed in on the company. Zacks Investment Research downgraded Crown Castle International
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After Forming Multiple Top Pattern, Is Investors Title Company (ITIC)'s Near-Term Analysis Positive?

Sun Life Fin Incorporated owns 0% invested in Investors Title Company (NASDAQ:ITIC) for 100 shares. 1,500 were accumulated by … The stock of Investors Title Company (ITIC) shows a multiple tops pattern with $207.92 target or 8.00 % above today's $192.52 share price. The 6 months chart pattern
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Shane Jones: Too soon to rule out banking probe

Cabinet Minister Shane Jones says he is surprised that new Reserve Bank governor Adrian Orr so quickly ruled out the need for a New Zealand banking inquiry. Jones, a New Zealand First MP whose portfolios include regional economic development and infrastructure, is due to report back to caucus on
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Survey struggles with capital market volatility

Foreign portfolio investment: The foreign investors offloaded securities worth $123.9 million during July 2017-March 2018 which was absorbed by domestic individual investors, companies and insurance companies. “This strong buying by local investors has shown the confidence of the investors in
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Golf's $9 Billion Real Estate Market Is On The Upswing: See Where And Why

Golf is at the heart of Red Ledges in Heber City, Utah, with an 18-hole Jack Nicklaus-designed course and a 12-hole, par-3 Nicklaus Signature “golf park” in the private Rocky Mountain community about 25 minutes from Salt Lake City. The community is coming off a record sales year in 2017, with 150
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French Economic Growth Slows Sharply as Weather Hurts Output

France's economy saw growth slow sharply in the first quarter as winter storms ripped through the country, hitting factory production. Gross domestic product expanded 0.3 percent, the weakest in more than a year and less than half the 0.7 percent pace recorded in the previous three months. It's also
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ProMedica Scoops Up Nursing Home Provider: 'When You Look At The Trends … You Fight It Or …

Running parallel to the deal is real estate investment trust Welltower's agreement to buy HCR's landlord, fellow REIT Quality Care Properties, in a cash deal for $20.75 per share, or roughly $2 billion. Welltower and ProMedica also formed a joint venture for QCP's real estate in which Welltower will own
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Why US Housing Prices May Surge

(Atlanta). There are a lot of investors worried about the US housing market at the moment. As rates rise, and a potential recession looms, some think housing could falter. On the flipside, however, it is often considered that home supply is low and demand is high, which has been pushing up prices and
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What does open banking mean for cyber security?

In the new world of open banking, the traditional security walls will come down. Will threats – to data integrity and consumer trust – inevitably go up? Open banking regulations launched in the UK in January 2018. But the underlying technology infrastructure, tasked with delivering the biggest shift ever
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IBM Santiago: Our blockchain project is about to bear fruit

After experimentation and testing, IBM Santiago's new blockchain repository will be launched in May. The blockchain lending repository has been built with hyperledger fabric as a blockchain base layer. The launch aims to create better solutions for a decentralised financial market in Chile, with its next
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How Harvey has impacted the industrial real estate market

“Commercial real estate, in general, wasn't affected that much by the hurricane,” said Travis Land, a partner with NAI Partners and the SIOR Houston/Gulf Coast Chapter president. “The majority of the damage and the people affected were residential real estate comprising of apartments and single-family
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What is Homelend? A Blockchain-powered Solution Aims to Change Mortgage Loans

For most people, the only way they can afford a home is by taking out a mortgage from the bank. Eight million of these loans are given out each year in the United States alone. It's an experience hundreds of millions of Americans have gone through, and mortgage loans and our society are intricately
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Brexit Ministers Feud Over Fish as May Battles to Unite Cabinet

Many Scottish members of Parliament — for whom fishing is a key industry — take a different view, and have told the government that they share Gove's apparent frustration with Davis and his team. One Conservative Party member says the U.K. should have been more ambitious in its talks with the EU.
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Soybeans up for fourth day on hopes of Chinese buying, Argentina crop losses

Soybean futures are being underpinned on hopes of a pickup in demand from China, the world's top buyer of the oilseed. China's purchases of U.S. soybeans have come to a grinding halt as fears of further action by Beijing to curb imports of U.S. crops following last week's anti-dumping move on
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US Mortgage Rates Hit Highest Levels in 4 Years in Late April

Sam Khater, Freddie Mac chief economist, says mortgage rates increased for the third consecutive week, climbing 11 basis points to 4.58 percent. “Mortgage rates are now at their highest level since the week of August 22, 2013,” he said. “Higher Treasury yields, driven by rising commodity prices, more
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From Defaults to Poor Data, Cocoa Audit Shows Top Grower's Woes

Offering a rare glimpse into the workings of an opaque industry, KPMG shows how flaws in the West African nation's sales system had a “catalyst effect” on the industry's woes, according to a copy of the audit commissioned by the government and obtained by Bloomberg. The crisis cost the country at
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Jim's freebies: New Real Estate agency throws in cleaning – and lawnmowing

Jim's Real Estate threw in a garden clean-up and building report for its first residential sale, as part of the new franchise's effort to muscle into an already crowded and competitive market. Franchisee Peter Raja paid the local Jim's businesses for the tidy and building inspection in the run-up to the
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EU to Widen Ban on Pesticides Linked to Harming Bees

The European Union will widen a ban on pesticides linked to harming bees, a move that could threaten output of some crops and put pressure on insecticide makers such as Bayer AG and Syngenta AG. EU governments voted Friday in Brussels to prohibit the use of neonicotinoids everywhere except
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Real estate transfers: April 16-20

LUCAS COUNTY. 43412. Agricultural. Bachor Lottie B to Turnow Steven M & Nancy L, 11405 Jerusalem Rd, Curtice, $325,000, (4/16). Bachor Lottie B to Turnow Steven M & Nancy L, 880 Elliston Rd, Curtice, $325,000, (4/16). Residential. Bachor Lottie B to Turnow Steven M & Nancy L, 11400 Demar
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Asian Tigers Leave Taiwan Behind

Of Asia's fabled “tiger” economies, one is burning less brightly than the rest. Taiwan is set to lag further behind its three peers — Singapore, Hong Kong and South Korea — economies which underwent rapid industrialization starting around the 1960s, according to data from the International Monetary
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Tom Brokaw accusations, Bill Cosby Verdict, Weinstein Movie: Broadsheet for April 27

Tom Brokaw accusations, Bill Cosby Verdict, Weinstein Movie: Broadsheet for April 27

Fortune. • Headed to the big screen. New York Times reporters Jodi Kantor and Megan Twohey—the pair that broke the initial story about Harvey Weinstein's sexual misconduct—are going to get the Spotlight treatment. Two Hollywood production companies have acquired the movie rights to their story
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Trump Hails Two Koreas' Deal to End War, Pursue Denuclearization

Reaction in markets was limited given the South Korean stock market had closed for the week when the deal was announced. The cost of insuring South Korea's sovereign bonds against non-payment fell 1.75 basis points to 44.75 basis points as of 6:10 p.m. in Seoul, Barclays Plc prices showed.
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Fannie Mae Updates Credit Risk Transfer Program For REITs

WASHINGTON, DC–For years Fannie Mae and Freddie Mac have been expanding and tweaking their investment product lines to make them more attractive to a broader array of investors. Recently Fannie Mae made a change to its benchmark Connecticut Avenue Securities (CAS) structure so that
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BRIEF-Ranger Direct Lending Fund Gives Response To Second Oaktree Letter

April 27 (Reuters) – Ranger Direct Lending Fund PLC: * RESPONSE TO SECOND OAKTREE LETTER. * TERMS OF REFERENCE SET TO INCLUDE ANY NEW INVESTMENT MANAGEMENT ARRANGEMENTS WOULD BE CONDITIONAL ON SHAREHOLDER APPROVAL, OF ITSELF, DOES NOT
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Mortgage rates advance for Friday

Several closely watched mortgage rates floated 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 increased. Rates for mortgages are constantly changing, but they remain much lower
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GPU as a Service Market Application (Gaming, Design and Manufacturing, Automotive, Real …

Chapter 11 Market Effect Factors Analysis. For more information on this press release visit: http://www.sbwire.com/press-releases/gpu-as-a-service-market-application-gaming-design-and-manufacturing-automotive-real-estate-healthcare-with-a-cagr-of-over-29-from-2017-to-2024-968508.htm
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Senior Housing Properties Trust First Quarter 2018 Conference Call Scheduled for Thursday, May 10

NEWTON, Mass.–(BUSINESS WIRE)–Senior Housing Properties Trust (Nasdaq: SNH) today announced that it will issue a press release containing its first quarter 2018 financial results after the Nasdaq closes on Wednesday, May 9, 2018. At 8:00 a.m. Eastern Time the following morning, Thursday, May
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Bainco International Investors Has $8.20 Million Stake in Bank of America (BAC)

Bainco International Investors lifted its holdings in shares of Bank of America (NYSE:BAC) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 262,864 shares of the financial services provider's stock after
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Redfin Identifies the Most Desirable Tiny Homes on the Market

SEATTLE, April 26, 2018 /PRNewswire/ — (NASDAQ: RDFN) — California has six of the top 10 most desired tiny homes on the market, according to a new report from Redfin (www.redfin.com), the next-generation real estate brokerage. Redfin looked at all actively listed single-family homes under 600
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Trump Lawyer's Fate Hinges on 32-Year-Old Corruption Fighter

… and Andrea Griswold — in day-to-day control of the investigation, reporting to Robert Khuzami, Berman's deputy. The Cohen investigation poses legal risks for the president, whose association with Cohen has forced the matter into public view at an early stage when it would ordinarily remain secret.
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Nasdaq 100 Rallies After-Hours on Facebook, Chipmaker Earnings

Semiconductor stocks, the subject of much hand-wringing lately, were buoyed by a better-than-expected revenue forecast from AMD, which rallied 9 percent, and positive comments from Qualcomm on demand from China. Chipmakers Nvidia and Micron Technology also rose. But it wasn't all good news.
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Associated Bank Market Outlook: 4/26/18

The Commerce Department releases the March report on durable goods today along with international trade in goods; Freddie Mac reveals this week's average mortgage rates; American Airlines, Southwest Airlines, Union Pacific, United Parcel Service, General Motors, PepsiCo, Amazon, Microsoft and
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Active Stock to Follow: Pennsylvania Real Estate Investment Trust (PEI)

Pennsylvania Real Estate Investment Trust (PEI) stock moved below -6.61% in contrast to its 20 day moving average displaying short-term a downward movement of stock. It shifted -9.24% below its 50-day simple moving average. This is showing medium-term bearish trend based on SMA 50. The stock
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Lampert: The ABCs of Buying and Selling a Home

Days on market and other important statistics can help you sell or buy your home. This number can change dramatically within a small geographical area. Equity is the amount of money you would make from your home if you were to sell it today and pay off your mortgage. Financing needs to be put in
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Altisource Announces First Quarter Financial Results

LUXEMBOURG, April 26, 2018 (GLOBE NEWSWIRE) — Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQ:ASPS) today reported financial results for the first quarter 2018. First quarter service revenue of $188.8 million represents 22% of the midpoint of the Company's 2018
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Deutsche Bank Abandons Wall Street Ambitions, and Focuses on Europe

Deutsche Bank said on Thursday that it would shrink its operations in the United States and Asia and focus on Europe, effectively abandoning its ambition to be a member of Wall Street's big leagues. The decision, which comes after years of losses, scandals, and management turmoil, ends a 20-year
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Trump VA Secretary Pick Ronny Jackson Has Withdrawn His Nomination

White House physician Ronny Jackson withdrew his nomination to be Veterans Affairs secretary Thursday after a Senate panel delayed a confirmation hearing to review allegations of improper behavior and management lapses. “Going into this process, I expected tough questions about how to best
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One real estate broker and coach knows where to find the best industry information — he reads …

Inman Select was launched to provide real estate agents and brokers with a reliable, specific source for the news and information they need to thrive in the real estate industry. And it's helped hundreds of real estate professionals identify areas for improvement, plan and execute change and stay on top
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Investors Title Company (ITIC)'s Stock Formed A Several Months Ascending Triangle Pattern

Moreover, Ameritas Invest Prtnrs has 0% invested in Investors Title Company (NASDAQ:ITIC) for 111 shares. Geode Mngmt Ltd Liability … The stock of Investors Title Company (ITIC) formed an ascending triangle with $179.04 target or 7.00 % below today's $192.52 share price. The 5 months triangle
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Stocks to watch: Smurfit, RBS, Merlin, Electrolux, Jupiter

Box maker Smurfit Kappa led the FTSE 100 fallers. Overnight, International Paper chief executive Mark Sutton stressed that, after his company had delivered poorly received quarterly results, buying Smurfit was not its only option. The US group has had two bid approaches for Smurfit rejected.
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TSMC Plans to Spend $13.5 Billion Expanding Hsinchu Facility

TSMC Plans to Spend $13.5 Billion Expanding Hsinchu Facility

While TSMC is expanding into new markets such as components for crypto-currency mining, it's confronting a slowdown in demand from smartphone vendors including Apple Inc. as developed markets get saturated and replacement cycles lengthen. Last week the company forecast revenue for this
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Track P/E Before Buying A Stock – Oceaneering International Inc (NYSE: OII)

Asian stocks were supported on Thursday by robust corporate earnings that assisted Wall Street quell concerns about the surge in U.S. bond yields. However, sagging Chinese shares limited the upside potential of the market. Spreadbetters predictable European stocks to open higher off the back of firm
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OYO adds 12th 100-room hotel to its portfolio

OYO is betting big on the Indian hotel market by partnering with hotels and real estate assets with large inventory portfolio consisting of 100+ rooms under its Franchisee and Management contracts. In the coming years, it aspires to have 10,000+ rooms as a part of its large-asset category and establish
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Who will fix our Internal Banking Mess? TSB hires IBM amid online banking woes

In the midst of its six-day online banking meltdown, which is showing no sign of letting up, TSB has hauled in the systems integration big gun or as it is otherwise known, IBM. The bank confirmed the signing of Big Blue this morning as part of its rather uncomfortably timed first quarter financial results for
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Ventas Reports 2018 First Quarter Results

CHICAGO–(BUSINESS WIRE)–Ventas, Inc. (NYSE: VTR) today announced its results for the first quarter ended March 31, 2018: … on cash rent; and higher deal costs related to the Company's previously announced transition of a seniors housing portfolio to a newly-formed operator in January 2018.
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TSB customers fear payments crunch as online banking outage heads towards payday

TSB has insisted none of its customers will be left out of pocket by the problems, has offered to waive all overdraft fees for the months of April and increased the interest rate on its most popular Classic Plus account from 3pc to 5pc in a desperate bid to hang on to customers tempted to switch banks.
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Houston ranks no. 2 housing market for new homes

Houston ranks as the no. 2 market in the country for new home starts, following Dallas/Fort Worth, a new report shows. Houston builders started 27,675 homes in the past 12 months, a 7.5 percent increase from a year earlier, according to housing data and consulting firm Metrostudy. “The sweet spot of
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Royal commission recommends AMP for criminal charges

The royal commission into banking misconduct has recommended AMP should face criminal prosecution for misleading the corporate regulator. Senior counsel assisting the commission Rowena Orr, QC, said AMP had breached criminal provisions for misleading the Australian Securities and
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Data Sheet—How Tech Companies Are Breaking Out of Tech

As it happens, technology as a force for good has been on Fortune's mind of late. For years we ran a “Startup Idol” competition at Brainstorm Tech in Aspen, Colo. This year we're doing something different called The Pitch. It's a contest designed to put a spotlight on the private sector's freshest and
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Maybank MaxiHome Ezy offers RM10b in mortgage financing

Maybank Islamic chief executive officer Datuk Mohamed Rafique Merican (right) says the new mortgage scheme is another initiative by Maybank to support home buyers who may face affordability issues when purchasing their home, especially the younger generation who have just started to enter the
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NEW DATA: How Checkout Friction Cost Merchants $236 Billion In Q1 2018

And in that stride, eTailers are working to cut checkout times and keep their buyers from jumping to another store. Research inside the newest issue of the Checkout Conversion …. International sales were up 34 percent to $14.8 billion. But it was — as it has been in quarters' past — AWS that acted as the
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A Law Meant to Punish America's Foes Is Hurting Its Partners: Mattis

The law imposes sanctions, among other groups, on anyone who buys Russian military equipment. The secretary said there needs to be a “national security exception” for countries the U.S. is trying to woo away from Moscow. “There are nations in the world who are trying to turn away from formerly
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Square's buying spree continues with Weebly acquisition, hints at global expansion

With all the hullabaloo about Twitter's resurgence following the announcement of 6 million new users and its second straight profitable quarter, it's easy to forget that cofounder and CEO Jack Dorsey is in charge of not one, but two publicly listed companies. Square, the mobile payments and financial
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Annual house price growth picks up but "subdued economic activity" expected to drag on housing …

There was a slight uptick in UK annual house price growth in April to 2.6 per cent, up from 2.1 per cent in March, according to a closely-watched index. When seasonal factors were taken into account, prices were up by 0.2 per cent over the month. The average price of a house was £213,000 in April, up
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When Kim Met Moon: In Pictures

With Koreans glued to their screens — and much of the world watching — Kim Jong Un's historic trip to South Korea seemed to run as smooth as clockwork. After shaking hands with President Moon Jae-in at the military demarcation line separating the two Koreas, Kim became the first North Korean
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Kim Jong-un and Moon Jae-in Agree to Finally Sign a Peace Treaty and Rid the Korean Peninsula …

The leaders of North Korea and South Korea have vowed to finally end the Korean conflict, which has been merely dormant since the two sides ended outright war with an armistice 65 years ago. North Korean leader Kim Jong-un crossed the border into the south side of the demilitarized zone on Friday
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People on the move: April 27

Login Free Trial/Subscribe · National Mortgage News · Resources · Events. All Sections. Origination · Servicing · Technology · Compliance & Regulation · Secondary · People · Voices. Search. Search. Origination · Servicing · Technology · Compliance & Regulation · Secondary · People · Voices.
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Deutsche Bank Took a $46 Milllion Hit on Dominion Trade

Deutsche Bank ranked seventh in arranging equity sales globally this year, according to data compiled by Bloomberg. The bank said Thursday it would restructure its investment banking division and scale back U.S. rates sales and trading, reduce the corporate finance business in the U.S. and Asia, and
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Agents voice concern as lending slump points to possible slow market

“Never was it so important not to put too much reliance onto one month's numbers as only a few days ago we were commenting on the positive lending data for February rather than these slightly negative approvals” says Jeremy Leaf, north London estate agent and a former RICS residential chairman.
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VMWare CEO Sees Tech Companies Breaking Out of Tech

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. Pat Gelsinger, the Intel veteran who is CEO of cloud software giant VMWare, has an exciting view of the future of tech. It revolves around what he calls the “four
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Will Cohen Flip? Tenuous Finances May Provide Crucial Clues

Will Cohen Flip? Tenuous Finances May Provide Crucial Clues

In the two weeks since federal agents seized the files of Michael Cohen, President Donald Trump's personal attorney and fixer, a question has hovered: Will Cohen cooperate with investigators? His decision could depend in part on whether he can readily shoulder the enormous legal fees required to
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The Beginner's Guide to Bitcoin Trading

Subscribe to our RSS feed to get the latest realty news. … Fundamental analysis involves looking at the overall crypto market, news about Bitcoin, Bitcoin's underlying technology, Bitcoin's team, and so on … Believers in technical analysis look for patterns and trends when making trading decisions.
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TSB crisis could drag into next week as bank turns to IBM

The chief executive, Paul Pester, said on Thursday he was “truly sorry” for the botched systems upgrade, which has affected mobile and internet banking customers, but refused to say whether he would give up a potential £1.6m bonus. He admitted there were still problems with its internet banking and
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Deutsche Bank Steps Back From Ambition to Be Global Player

The bank said it would cut back on rates sales and trading in the U.S. and shrink its global equities trading business, retreating from its international expansion over the past several decades. The move comes on top of a previous announcement that it was pulling out of several less profitable countries.
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Relocating In Retirement: Don't Make These Common Mistakes

Kids are typically grown up and moved out of the home, and the need to be close to work is gone, so many seniors use retirement as a catalyst for relocating. Some relocate because of a lifestyle or climate change, others want to be to family, and others due purely to financial circumstances. Whatever the
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Barclays, Deutsche Bank Paths Split as Sewing Plots Retreat

“We've clearly gained market share in the markets business,” Barclays Chief Executive Officer Jes Staley said in an interview with Bloomberg TV. … Sewing announced Thursday that Deutsche Bank will scale back its U.S. interest-rates trading unit, review its global equities business with a view to
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BRIEF-Freddie Mac Announces Enhancement To STACR Notes

BRIEF-Freddie Mac Announces Enhancement To STACR Notes … FREDDIE MAC – BEGINNING JULY, CO WILL MAKE A REAL ESTATE MORTGAGE INVESTMENT CONDUIT ELECTION ON A MAJORITY OF LOANS SECURITIZED IN SINGLE-FAMILY POOLS Source text for Eikon: Further company
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Old Republic Reports Results For The First Quarter 2018

Title Insurance Results – First quarter 2018 operating results were mostly affected by basically flat revenues, and higher claim costs and general expenses.
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From Sears chief to landlord: What Lampert's bid means for real estate

Given its current situation, ESL can get optimal use out of Sears' real estate holdings by leasing them to third-party retail or mixed-use tenants, such as Nordstrom Inc., cinemas, restaurant chains and arcades. The majority of Sear's real estate holdings are located in large shopping malls with ample
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Real estate daily market update: April 26, 2018

We'll add more market news briefs throughout the day. Check back to read the latest. Most recent market news. Thursday, April 26. Zillow Rate Mortgage Ticker. The 30-year fixed mortgage rate on Zillow Mortgages is currently 4.43 percent, up 18 basis points from this time last week. The 30-year fixed
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TSB banking service tech problems continue

Internet banking is only operating at 50% capacity and one in 10 attempts to use the mobile app still fail. The problems occurred as TSB was moving customer accounts from the systems of Lloyds Bank, which had been hosting the accounts for TSB, to the new core banking system Proteo4UK, a UK
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It's Time To Start Worrying About Housing Again

It reveals a lot about the current real estate trends. New and existing buyers are swooping up apartments in large city high rises over houses with a driveway and back yard, while homebuilders continue to focus on high-end markets in urban areas and neglect large parts of rural America. The culmination
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Drone Racing League Extends Title Sponsorship With Allianz, Adding 3 Years To Deal

There is always a dilemma in going from a short-term that appropriately values a company today to reaching a longer-term arrangement. Title sponsorships are a bit unique; however, since both brands coming to the table make a large investment in the property and it can take a few years for value to be
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Tesla's Autopilot Chief Keller Steps Down After Two Years

Tesla Inc.'s Autopilot chief Jim Keller has left the company, the latest in a rash of executive departures at the electric-car maker led by Chief Executive Officer Elon Musk. Keller, who joined the auto maker two years ago and has a background in chip development, had his last day as a Tesla vice president
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What Analysts Are Saying About Deutsche Bank's First-Quarter

Analysts were united in deeming Deutsche Bank's first-quarter results a disappointment as the German lender missed estimates across the board from revenue to profit and capital position. The shares tumbled as much as 4.2 percent in early Frankfurt trading, extending their year-to-date drop to 28
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US Probe of Huawei Adds to China Trade Tensions Ahead of Talks

A finding of wrongdoing by Huawei and a similar U.S. supplier export ban “would have wide ramifications on various suppliers on a larger scale than peer ZTE, in our view,” according to Bloomberg Intelligence technology analysts Woo Jin Ho and Anand Srinivasan. “Chip suppliers such as Skyworks
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FTC charges Lending Club over 'no hidden fees' claim

Lending Club has been charged by the Federal Trade Commission with deceiving customers by promising “no hidden fees” and then taking money from their accounts without authorisation. The alternative lender deducted hundreds or even thousands of dollars in hidden up-front fees from loans, says
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Malibu Real Estate Market is on Fire

A wave of frenzied home buying has washed over Malibu, where sales on the beach quadrupled in the first three months of the year, according to a report from Douglas Elliman on Thursday. The ultra exclusive Malibu Beach neighborhood, lined with the multi-million-dollar homes of celebrities and
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Binance's Zhao Denies Sequoia Allegations in Hong Kong Lawsuit

Zhao Changpeng, founder of the world's largest cryptocurrency exchange, has denied allegations made by a unit of Sequoia Capital in a Hong Kong lawsuit about a funding deal that went awry. Zhao Changpeng. Photographer: Akio Kon/Bloomberg. Sequoia sued Zhao, claiming that he violated his
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United Wholesale Mortgage hires top industry CEO to drive growth

United Wholesale Mortgage aims to increase market share and grow it mortgage broker channel with a key hire. Former Class Appraisal CEO Alex Elezaj has joined UWM as chief strategy officer. In his former role he presided over a more-than-tripling of annual revenue and built relationships with more
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Freddie: 30-Year Rate Up 11 Basis Points to 4.58%

Freddie: 30-Year Rate Up 11 Basis Points to 4.58%

Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey, which shows average mortgage rates continuing the upward trajectory seen in most of early 2018. Sam Khater, Freddie Mac chief economist, says mortgage rates increased for the third consecutive week,
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Mortgage rates today, April 26, 2018, plus lock recommendations

Mortgage rates today opened mostly unchanged, but those floating 30-year fixed loans did catch a break. The Weekly Unemployment Report (predicted 230,000) came in with only 209,000 new jobless claims. That's good for the economy but not good for rates. Durable Goods Orders (predicted 2.5
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Is the rent finally too damn high? Rental households fall for 4th straight quarter

“While they only make up a third of all homebuyers, the steady uptick in their homeownership rate over the past year suggests their enormous purchasing power may be finally coming to housing market.” The downward pressure on rents may be needed, as the Census report showed that during the first
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Kijiji report 'connects the disconnected' in buying journey

Kijiji for Business announced the launch of a comprehensive Autos Research Report detailing three missed connections between car buyers and … The report, commissioned by Kijiji and conducted by BrandSpark International, was driven from two research studies – a Consumer Insights Study and the
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Realtor.com® Identifies Toughest Housing Markets for Millennials

SANTA CLARA, Calif., April 26, 2018 /PRNewswire/ — This spring, the largest generation in U.S. history – millennials – is colliding with the toughest home buying season in history, and they will fare better in some markets than others. According to a new analysis released today by realtor.com®, the
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Mortgage rates climb to 4-year high

Mortgage rates have continued their upward trajectory, with the 30-year fixed-rate averaging 4.58% in the week ended April 26, 2018, up from the 4.47% average in the prior week. One year ago, the 30-year fixed-rate mortgage averaged 4.03%, according to Freddie Mac's Primary Mortgage Market
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Flight Records for Jeff Bezos's Private Jet Are Hinting at Amazon's HQ2 Choice

It's been more than four months since Amazon narrowed down its list of HQ2 candidates to 20 finalists. And while Wells Fargo's AI program has predicted that Boston is most likely to emerge the winner, other clues are pointing to sites a little further south. In the last two years, Amazon CEO Jeff Bezos'
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Growing up poor led A-Rod to discover a business 'better than baseball'

Alex Rodriguez is best known for his achievements in baseball: He scored 696 home runs in 12,207 games over a 22-year career. He inked a record setting $275 million, 10-year agreement with the New York Yankees and retired in 2016. Now he's also a successful real estate magnate as founder of
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Productivity and Marketing Products; Changes to ATR and QM? Not so fast…

Read our article, “Regulatory Outlook 2018 Report: Ability to Repay (ATR) and Qualified Mortgage (QM”) Regulations” in the new issue of …. Enter HomeScout®, a National MLS for lenders by HBM and powerful contact conversion system that provides LOs with a technology platform to close more
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Should You Buy United International Enterprises Limited (CPH:UIE) At This PE Ratio?

United International Enterprises Limited (CPSE:UIE) trades with a trailing P/E of 11.6x, which is lower than the industry average of 18.5x. While this makes UIE appear like a great stock to buy, you might change your mind after I explain the assumptions behind the P/E ratio. Today, I will break down what
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Freddie Mac Announces the Home Possible® RISE(SM) Awards

This program also demonstrates Freddie Mac's commitment to Home Possible, and allows us to highlight its success in the marketplace over the past few years. … Lenders must be active Freddie Mac Seller/Servicers, and correspondent lenders and brokers must originate through those Seller/Servicers.
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'No coincidence' Shelby sided with payday lenders after $46K flowed to campaign: Watchdog

In early March of 2015, more than $46,000 poured into Sen. Richard Shelby's campaign account from payday lending companies and industry executives. About three weeks later, Shelby voted against a Senate budget amendment that would have given the Consumer Financial Protection Bureau more
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Newmont profit soars on higher gold prices, claims top bullion miner title

Newmont Mining (NYSE:NEM) logged Thursday a higher-than-expected quarterly profit on the back of higher gold prices during the first three months of the year, as investors have returned to safe haven assets due to ongoing geopolitical risks. The US miner, the only gold company that forms part of the
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Nomura posts sharpest drop in quarterly profit in 4 years on Americas loss

Dragged down by the Americas, Nomura's overall overseas operations recorded a pretax fourth-quarter loss of 18.7 billion yen and an annual loss of 0.7 … which implemented a painful round of cost cuts two years ago following six straight years of international losses after buying the Lehman assets.
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Toronto New Condo Sales Drop 66%, While Prices Soar 40% In Weirdest Correction Ever

But it wasn't quiet on the pricing side. The average condo sold in Toronto went for $742,801 in March, up 39.7 per cent in a year. Part of the increase comes from the fact larger condos are being sold today than a year ago (900 sq. ft. on average, up from around 800 sq. ft. a year ago). But the price per
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Neuberger Berman Real Estate Securities Income Fund Inc. (NRO): Financial Stock Buzz:

Neuberger Berman Real Estate Securities Income Fund Inc. (NRO):. Every trading day indicate diverse behavior and trends about Neuberger Berman Real Estate Securities Income Fund Inc. (NRO) stock. Now we observed the different factors that seen on close of Wednesday session. At the end of the
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The Mortgage Professor: Undoing Dodd-Frank: Are portfolio lenders more cautious?

Under the proposed Economic Growth, Regulatory Relief and Consumer Protection Act, introduced by Sen. Mike Crapo, R-Idaho, certain provisions of Dodd-Frank would not apply to mortgage lenders whose assets total less than $10 billion — which includes most lenders — provided that the loans are
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Sunnyside Resident and Real Estate Veteran Opens Greenpoint Avenue Office

April 26, 2018 By Staff Report. A long-time Sunnyside resident has opened a real estate office on Greenpoint Avenue with the mission to operate a firm that is transparent and honest. Robert Swiderski, who has lived in the Celtic Park Cooperatives for more than 15 years, opened his 43-07 Greenpoint
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US 30-year mortgage rates hit highest level since August 2013

US mortgage rates have risen to their highest level in over four years, driven by a sharp rise in Treasury yields over the past week as investors begin to price in longer term growth. The benchmark 30-year fixed mortgage rate stood at 4.58 per cent for the week ending 26 April, according to data from
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Stay on top of Eastside real estate news with our weekly email newsletter

Start off the week with the latest news about Eastside real estate, notable sales, trends and development by subscribing to our Real Estate Monday email newsletter. Arriving in your inbox on Mondays (of course!)
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Iran's Standoff With the US Has Paralyzed Money Markets and Businesses

Iran's Standoff With the US Has Paralyzed Money Markets and Businesses

In March, Modeno imported enough stock to last 12 months from manufacturers in India, just before the crisis struck the money markets. Currency transactions and linked customs procedures will be heavily controlled” from now on, Farhadian said. “Soon there won't be enough supply, so inventory levels
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Singapore Central Bank Sees Steady Growth Amid Increasing Risks

The central bank repeated its view that inflation will remain in the upper half of the 1 percent to 2 percent forecast range this year. Wage growth should pick up as the labor market continues to heal, allowing for 3.5 percent growth in paychecks after 3 percent last year, the policy makers predicted.
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Mnuchin's Treasury Poised to Rev Up Supply as Budget Gap Widens

“The Treasury's funding needs are massive,” said John Briggs, head of strategy for the Americas at NatWest Markets. “A lot of clients we speak to around the world say they are concerned about how the U.S. is going to fund this deficit. With the supply outlook following the tax changes and new budget,
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DTI launches digital lending platform

To reach more micro, small and medium enterprises (MSMEs), the Department of Trade and Industry (DTI) has announced the creation of a digital lending platform where Filipino entrepreneurs can avail the Pondo para sa Pagbabago at Pag-asesnso (P3) program. DTI Secretary Ramon Lopez said on
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Federal Home Loan Bank of Boston Announces 2018 First Quarter Results, Declares Dividend

BOSTON, April 26, 2018 /PRNewswire/ — The Federal Home Loan Bank of Boston announced its preliminary, unaudited first quarter financial results for 2018, reporting net income of $55.1 million for the quarter. The Bank expects to file its quarterly report on Form 10-Q for the quarter ending March 31,
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IPL Preview: Daredevils seek revival of fortune under new captain

Delhi Daredevils face a herculean task to revive their IPL campaign when they clash with Kolkata Knight Riders | IPL Preview: Daredevils seek revival of fortune under new captain.
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House prices tick upwards in sluggish property market

However, a shortage of homes for sale is expected to continue to shore up the housing market. An industry group said earlier on Friday that in 2017/18 financial year, housing starts of 154,698 were 2pc lower than a record high in 2016/17. Prime Minister Theresa May wants construction of new homes to
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5 ways to save money on wine when prices are up

That decreased supply is driving the cost of wine up, particularly if you favor imported wine. While the obvious solution would be to drink U.S. vintages — Napa Valley production hasn't declined nearly as much as that of its international competitors — there are a few other ways you can save a buck on a
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American Airlines and 'Infinity War' Heroes the 'Avengers' Team Up to Raise Cancer Awareness …

Right ahead of this week's wide release of Marvel's hotly anticipated Avengers: Infinity War, American Airlines is teaming up with the Avengers themselves to fight cancer. American Airlines, the group Stand Up to Cancer, and Marvel studios banded together to create a custom-wrapped airplane that
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How the housing slowdown is taking the lustre off the whole Canadian economy

Did a slowdown in the housing markets take some shine off the Canadian economy this quarter? The answer is yes if you were to ask Stephen Poloz, the Governor of Bank of Canada. Addressing the House of Commons Standing Committee on Finance earlier this week, Poloz identified two main
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Real estate briefs: Two companies take downtown office space

Simmons & Co. International | Energy Specialists of Piper Jaffray signed a long-term lease for 31,000 square feet at 609 Main. The investment banking firm, a tenant at downtown's Bank of America Center since 1984, will relocate this fall. Lou Cushman and Tim Relyea with Cushman & Wakefield
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Jacksonville Jaguars Owner Makes an Offer to Buy England's National Soccer Stadium

Shahid Khan, owner of NFL franchise the Jacksonville Jaguars, has made a bid for London's iconic Wembley Stadium, home of the English national soccer team. The bid, if successful, would bolster the NFL's expansion into the U.K., giving the league a consistent location to host games and potentially
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ReMax Prestige ranked No. 33 for agent transactions

KINGMAN – ReMax Prestige Properties, owned by broker Dwayne Patterson, was ranked No. 33 out of 1,750 brokerages nationwide by the annual Real Trends 500 survey. Now in its 30th year, the Real Trends survey ranks the top residential real estate brokerages in the country with a minimum of 500
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Crypto World Gains Even More Options: Five New Fundstrat Indexes

“Commodity tokens, in our view, are on-ramps for institutional inflows, given the expanding options for access (futures, etc.),” strategists including Thomas Lee, Robert Sluymer and Sam Doctor wrote in a note Thursday. “And commodity tokens face less regulatory risk relative to other types of tokens at
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Understanding Your Return On Investment In centrotherm international AG (FRA:CTNK)

This analysis is intended to introduce important early concepts to people who are starting to invest and looking to gauge the potential return on investment in centrotherm international AG (DB:CTNK). If you purchase a CTNK share you are effectively becoming a partner with many other shareholders.
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L&T Housing Finance hikes prime lending rate by 15 bps

L&T Housing Finance, a subsidiary of L&T Finance Holdings Ltd (LTFH), has announced increase in its prime lending rate by 15 basis points to 17.50 per cent for all eligible loans linked to PLR. As on December 31, 2017, the loan book of housing finance business stood at Rs 17,193 crore, with
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Old Line Bank Adds Montgomery County Lending Expert to Growing Team

Loren Geisler has joined Old Line Bank, third largest community bank in Maryland, as Senior Vice President of Commercial Lending. His focus will be on commercial and industrial loans as well as commercial real estate lending for the DC-Metro area and Montgomery County.
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Economic Watch: China helps developers finance home rental projects

BEIJING, April 26 (Xinhua) — China has moved to support the issuance of rental properties-backed securities to help finance a burgeoning rental housing market, a crucial part of its planned policy package that aims to stabilize the real estate sector. The real estate investment trust (REIT), a means of
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Freddie Mac: Mortgage rates hit highest level since 2013

Mortgage rates shot up this week, reaching their highest point since 2013, according to the latest Primary Mortgage Market Survey from Freddie Mac. “Mortgage rates are now at their … The 30-year fixed-rate mortgage surged ahead to 4.58% for the week ending April 26, 2018. This is up 11 basis points
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Bond fraud trial turns testy when defense takes on victim

The trial of a former Cantor Fitzgerald LP mortgage-backed securities trader charged with lying to his clients turned contentious as his lawyer aggressively questioned one of his alleged victims about methods his firm uses to invest. In an effort to show that a customer wasn't swayed by David Demos's
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