What Miami's Skyline Could Mean for All of Miami's Residents

What Miami's Skyline Could Mean for All of Miami's Residents

Steadily rising home prices and skyrocketing rents, combined with flat or falling wages, are pushing more and more families into extreme financial insecurity. The costs continue to rise because while we have a local economy that cannot afford the prices, we have an international housing market
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What the T-Mobile and Sprint Deal Means for Customers

T-Mobile and Sprint on Sunday announced a merger agreement that would combine the two smallest national wireless carriers into one behemoth that would rival market leaders Verizon and AT&T. But the $26.5 billion all-stock deal has a ways to go before being completed. Analysts say antitrust
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M3 expands anew; bank lending slows

Money supply growth accelerated in March amid a slower expansion in bank lending, the Bangko Sentral ng Pilipinas (BSP) reported on Monday. Domestic liquidity or M3 expanded by 14.4 percent year on year to P10.918 trillion, faster than February's 13.5 percent. Month-on-month and seasonally
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The Hottest Housing Market for April Is …

California's longstanding domination of Realtor.com's monthly listings of the nation's hottest housing market was disrupted this month, with only six California metros reaching Top 20 status—the lowest quantity since Realtor.com began compiling this listing in 2013. For April, Realtor.com named Midland,
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Flat Yield Curve Is Just What the US Economy Needs

Equity price gains of that magnitude seems unlikely barring another bubble like the dot-com one and productivity growth today looks anemic compared to those driven by innovations in information technology. But the example of the 1990s provides clear evidence that today's flat yield curve doesn't now
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Ask the realtor: First-time home buyers get answers on financing, how to win a bid and mortgage …

Ask the realtor: First-time home buyers get answers on financing, how to win a bid and mortgage rates. Be patient, educate yourself, gather a good team to make what's probably the biggest financial decision of your life. Special to Financial Post. April 30, 2018 1:10 PM EDT. Filed under. Real Estate.
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Construction activities in city approach $37.5 million for first three months of 2018, reports Edinburg …

Featured, from left: Letty Rodríguez, Escrow Officer/Sales Representative, Edwards Abstract & Title Co.; Elva Jackson Garza, Vice President & Marketing Manager, Edwards Abstract & Title Co.; Keely Lewis; Mayor Richard Molina; and Byron Jay Lewis, President & CEO, Edwards Abstract & Title Co.
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Dollar Bank Pursues Mutual Holding Company Reorganization

PITTSBURGH–(BUSINESS WIRE)–Apr 30, 2018–Dollar Bank announced today that it is has filed an application for regulatory approvals with the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency to become a
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Inflation's Next Dampener After Globalization Is Digitization

The European Central Bank's struggle to revive inflation was highlighted again on Monday, and it won't get any easier, according to one analysis that points the finger at digitization. Commerzbank chief economist Joerg Kraemer said the ability to replace tasks currently carried out by humans “threatens
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Car crashes, superyachts and £100bn fortune: Meet America's richest family merging with …

WITH a vast fortune worth over £105billion, the Waltons are America's richest family – and you might never have heard of them. But as the people behind Walmart and the owners of Asda, the family's role in the £12bn Sainsbury's merger means they wield substantial influence in the UK as well.
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'Lending is the flavour of the month, but there's enough space for us all'

Before entering the lending business in 2011, Piyush Khaitan ran a payments processing company, Venture Infotek, which provided technology for swipe machines. That's when he understood the problems merchants faced during transactions. Venture Infotek processed 40% of all card transactions
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One French Museum Just Discovered Half Its Paintings Are Fake

The Terrus Museum in the southern French village of Elne recently made an unpleasant discovery: nearly half of all of its paintings are fakes. The museum is dedicated to the work of French painter Étienne Terrus. A recent investigation into its work led the museum to discover that an astounding 82 of the
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The Fortune 1000 Could Be Loosing 3,25 trillion annually! Here Is How To Get Them

We have calculated that among the 1000 biggest corporations in the USA, the annual loss by not utilizing Negotiation Economy (NegoEconomics) is 3.25 trillion. How did we do that? We took the total revenue from the 1000 biggest corporations – took the amount related to negotiations whether that be
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Lending a hand: Charleston PD officer helps boy fill flat tire at West Ashley gas station

A Charleston police officer helped a young boy Monday morning. Officer Taylor Graves was pumping gas at the Circle K at Highway 61 and Sycamore when she saw a young boy pushing his bike, according to Charleston Police spokesman Charles Francis. Graves asked the boy if he needed help and
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Call Buyers Should Consider This Software Stock

Also, put buying has been more popular than call buying during the past two weeks at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). In fact, the 10-day put/call volume ratio of 1.46 across these exchanges ranks in the 86th
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South Florida Mortgage Applications Denied at Higher Rate than Most of US

Homebuyers in South Florida get turned down for mortgages at a higher rate than most other metropolitan areas in the U.S., a new study shows. About 11 percent of mortgage applications in 2016 were rejected across the region, which is higher than the 8 percent national average. LendingTree LLC — a
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Fallout From Big Tech Company Problems Will Consume Washington for Decades

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. Alan Murray here, filling in for Adam Lashinsky, who in turn is subbing for me at CEO Daily. Don't ask us why. Just take a deep breath, and know it will all be over
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Cert Denied in Oil States Follow-On Cases

17-768; Industrial Models, Inc. v. SNF, Inc., et al., No. 17-1367; Integrated Claims Systems, LLC v. Travelers Lloyds of Texas Insurance Company, et al., No. 17-330; IPR Licensing, Inc. v. ZTE Corporation, et al., No. 17-159; KIP CR P1 LP, Successor in Title to Crossroads Systems, Inc. v. Cisco Systems
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Social housing investor aims to reopen property IPO market

A property investor with an eye on the UK's “deepening housing crisis” aims to buck the trend of failed London listings of real estate investment trusts with an initial public offering next month. Horizon Housing REIT wants to raise £125m through an IPO to invest in affordable and social housing, the firm
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Freddie Mac targets first-time buyers with HomeOne mortgages

In an effort to entice more first time buyers into the market, Freddie Mac says it's introducing a new three-percent down payment option for those who qualify. The move could well put it into direct competition with the Federal Housing Administration, which offers its own low down payment mortgage.
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Women in Banking Glamorous game-changers and Nasdaq's crypto future

Women in Banking Glamorous game-changers and Nasdaq's crypto future

Going glam: The women making moves in cryptoworld are featured in this month's issue of Glamour. The nine game-changers profiled in “The Money Issue” include Kathleen Breitman, the co-founder and CEO of a “self-amending cryptographic ledger” called Tezos, Elizabeth Rossiello, founder of the
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Lloyds, Halifax and Bank of Scotland customers locked out of online accounts

Since mid-morning, dozens of customers have contacted the bank on social media to say that they cannot log in to their online accounts or apps. Lloyds Banking Group, which includes Halifax and Bank of Scotland, confirmed at lunchtime it was aware of the problems and was working hard to resolve
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Elliott Eyes Push Into Wall Street's Hottest Debt Trade

Hedge fund Elliott Management Corp. is looking to expand its business in Wall Street's hottest debt market. The firm is considering packaging riskier corporate loans into bonds known as collateralized loan obligations, according to people familiar with the matter. The $35 billion hedge fund is building a
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Hey, Washington, the Joke's on You

On Saturday evening, Michelle Wolf, a comedian who broke into the business on late night television and “The Daily Show,” scandalized a village inhabited by politicians, lobbyists and reporters by … wait for it … being a comedian. Wolf, the latest professional wit invited to entertain those gathered at the
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Real Estate: Complexes putting small dent in demand

Editor's note: This article was published in the Record-Eagle's Momentum '18 special publication. For more stories from northern Michigan's economic engine click here to read Momentum in its entirety online. TRAVERSE CITY — The first line of a song from the musical Porgy & Bess says, “Summer time
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Volkswagen and Didi Chuxing Have Teamed Up on a New Self-Driving Venture

As GGV Capital partner Hans Tung previously told Fortune about investors or companies trying to make it in China — a good local partner is key. “You need people who can provide you with local knowledge and local relationships when it comes to hiring, obtaining necessary licenses, and setting up
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TSB misses own deadline to fix online banking as outages continue into eleventh day

TSB's online banking service is still operating at 50pc capacity, meaning around a million customers cannot get access. TSB is facing mounting criticism for taking a high-risk “big bang” approach to its system switch, moving 1.3 billion customer records for 5.5 million customers in one weekend.
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TSB bosses to be grilled by MPs over internet banking meltdown

TSB bosses are set to be grilled by an influential parliamentary committee this week as the lender's internet banking meltdown enters a second week. Chief executive Paul Pester, chairman Richard Meddings and a yet to-be-confirmed representative from TSB's Spanish owner Sabadell will appear in
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Morgan Properties Acquires a “B-Piece” on $1.3 Billion K-Series Securitization

KING OF PRUSSIA, Pa.–(BUSINESS WIRE)–Morgan Properties, a real estate investment and management company, announced today it has acquired a “B-Piece” from Freddie Mac through its K-Series Program. The issuance, K-75, is supported by a pool of 73 multifamily mortgage loans. This is the
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Alabaster's housing market cools in early 2018

By NEAL WAGNER / Managing Editor. ALABASTER – The city has seen a slight decrease in its new home and commercial building markets in the first few months of 2018 compared to the same time period last year, according to data recently released by the Alabaster Fire Department's Planning and
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Andy Perenick Has Been Recognized Among the Top in His Industry by Noticed©

With over 10 years dedicated to real estate, Perenick brings a wealth of knowledge to his industry, and, in particular, to his area of expertise: the residential real estate market of the beautiful, mountainous Berkshires region. Today, Perenick and his team have become renowned statewide for their
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Why This South Carolina Court Ruling Could Shut Down Every Bar in the State

South Carolina has a bustling craft beer and spirits industry, but a recent court ruling could put the state's bars in jeopardy. A ruling by an administrative court judge earlier this month found that a microwave does not constitute a kitchen, nor does warming up a hot dog equate to preparing a meal.
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Volkswagen in talks to manage Didi fleet, co-develop self-driving cars

BEIJING (Reuters) — Volkswagen AG is in talks to form a joint venture with China's Didi Chuxing to manage part of the ride-hailing company's fleet of cars and help develop “purpose-built” vehicles for Didi's services. As part of the deal between Volkswagen and China's biggest ride-hailing service,
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7 servicing tips for keeping compliance costs in check

Steven Staid, senior vice president at PHH Mortgage, said at the conference. Bigger servicers can turn to economies of scale, he noted. But smaller ones may not have that option unless they merge or agree to an acquisition. The alternative lies in finding ways to be more efficient with managing costs
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REDWOOD TRUST, INC. (NYSE:RWT) Files An 8-K Results of Operations and Financial Condition

Additionally, the presentation materials provide estimates of the GAAP fair value and associated allocated capital at March 31, 2018 of residential loans, securities, and mortgage servicing rights held in Redwood's Investment Portfolio segment and assets held in Redwood's Residential Mortgage
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Some of Music's Biggest Names Sign Up For National Concert Week

Typically, if you want to catch Janet Jackson in concert, it's going to set you back anywhere from $60 to several hundred dollars. Arcade Fire? Imagine Dragons? Lady Antebellum? Those aren't cheap shows, either. This week, though, if you've got a little luck on your side, you can catch these and dozens
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Carer guided hand of dying millionaire to get hold of his fortune

A carer who guided the pen of a dying millionaire to sign over almost half his fortune has been denied the money – and forced to pay £85,000 in legal fees instead. Donna Henderson cared for retired London banker Marcel Chu, 73, in the final year of his life. Man dies after being knocked off pier by huge
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TSB computer fiasco enters second week

Frustrated TSB customers are still locked out of their accounts as the bank's IT fiasco enters a second week. Some have suggested the system is “going from bad to worse” as they are denied access to online banking and the bank's mobile app. It has been announced that TSB chief executive Paul Pester
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South Shields football team retain national title

The team representing the 15th South Shields Company was Jordan Brindle (17, captain), Harry Edwardson (15), Samuel Ingamells (18), James Ingoe (18), Harry Ludlow (16) and Michael O'Neil (18), all of whom had been part of the successful team in 2017. The winning team's coach, Daniel Gicquel,
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Ares Launches Fourth European Direct-Lending Fund, Seeking €4.6 Billion

Ares Management is seeking to raise approximately $5.55 billion, or €4.6 billion, for its fourth European direct-lending fund, according to U.S. Securities & Exchange Commission filings. The filings, lodged on April 27, did not specify whether the amount being sought for Ares Capital Europe IV is a target
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Buyers Still Affected by the Recession's Hard Lessons

Buyers Still Affected by the Recession's Hard Lessons

2018 buyers are more educated about the home-buying and mortgage processes, too, he says. “The majority of today's buyers are not 'stretching' like they did in the early 2000s; both in regard to purchase price of the home and the mortgage financing structure.” And perhaps most noteworthy, the
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Pending Sales Post Slight Increase in March

Price appreciation in most markets continues to outpace incomes, and the recent uptick in mortgage rates to over a four-year high only adds to the budget constraints aspiring … The index is based on a large national sample, typically representing about 20 percent of transactions for existing-home sales.
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Directions appoints Lax for CX role

Before joining Directions, Lax headed his own consulting practice, The Lax Group and he has also held customer experience (CX) leadership positions with TNS, GfK, Harris Interactive and ORC, as well as directing the CX programme for Freddie Mac. Laake said: “Howard is an expert in customer
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Emley named director of real estate at Vanderbilt University

Margaret Emley, interim director of real estate at Vanderbilt University, has been appointed director of real estate, effectively immediately. Emley was appointed interim director in September 2017 when former director Ally Sullivan was named executive director of Facilities Business Operations.
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The Pros and Cons of Postal Banking

The United Kingdom introduced the idea of postal banking in the 1860s, and the idea spread to Japan and the Netherlands in the 1870s and 1880s. U.S. post offices offered deposit services from 1911 to 1967, in part because many new arrivals from Europe were used to it in their home countries and
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`Villain' Uber Makes Progress in Bid to Appease London Regulator

Uber Technologies Inc. is making progress in its bid to appease London's transport regulator ahead of a critical court battle over its license to operate in the city. The transport authority's list of concerns with Uber has more than halved to 11 from 25 after it committed to governance changes and
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Baton Rouge real estate market on solid ground as August 2016 flood recovery continues

Each local expert who presented overviews of their respective sectors at the recent TRENDS in Real Estate seminar expressed optimism for further growth in 2018, while the keynote speaker—real estate economist, author and consultant John Tuccillo—said Baton Rogue should be insulated from any
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Announcing Drexel's New Vice President of Real Estate and Facilities, Donald E. Moore

After a comprehensive national search, I am delighted to announce that Donald E. Moore, currently the senior vice president for facilities, planning and operations at Rowan University, will be joining Drexel University on June 11 as vice president of Real Estate and Facilities. As the steward of Drexel's
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Interest Rates are Going UP

The average 30-year fixed-rate loan jumped to 4.58 percent last week, according to Freddie Mac. Rising rates could reduce inventory even more, as homeowners decided to renovate rather than sell and deal with a more expensive mortgage on a new house. That could push prices even higher.
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Remodeling boom: 2 out of 3 homeowners don't ever plan to sell

WASHINGTON — While sluggish new home construction gets some of the blame for the lack of homes on the market, existing homes actually make up the vast majority of sales — and homeowners just aren't selling. That's good business for remodelers. A recent Bankrate.com survey found that 62
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CNN's W. Kamau Bell Is Back and Ready To Listen

Season three of CNN's Emmy Award-winning United Shades of America with W. Kamau Bell is back on air for its third season. For all the show's many strengths, one of them just might be this: It's a master class in having “uncomfortable conversations.” The eight-part docuseries follows the
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2018 Predictions for the Oregon Housing Market

Housing inventories are low all throughout the country, and the State of Oregon is no exception. There are more buyers than sellers in the real estate market and although that can make finding the right home difficult for buyers, it has helped sellers close the deal fast and get their preferred final sale price
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The new blockbuster game: Hollywood's flop is China's fortune

It had all the makings of a summer blockbuster, from its “Lord of the Rings”-style mythology to its bevy of computer-generated action scenes. But when “Warcraft,” a big-budget movie adaptation of the orcs-versus-humans video game series, hit American theaters in June 2016, it landed with a thud,
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Whistler tops Vancouver as Canada's craziest real estate market

Benchmark property prices in Whistler, the ski town two hours north, have now surpassed those in the Pacific Coast city. Businesses are buying million-dollar properties to house employees as living costs drive out workers. The cost of visiting has also spiralled, with overnight rates during the winter peak
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Global qPCR and dPCR Instrumentation Sales Market 2018 by Key Players, Growth Analysis …

Global qPCR and dPCR Instrumentation Sales Market 2018 Report presents a professional and deep analysis on the present state of the Global qPCR … and Strategic Business Planners; Global qPCR and dPCR Instrumentation Sales Manufacturers, Suppliers and Distributors; Real estate developers
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Supply pinch constraining housing market's growth

Lawrence Yun, NAR chief economist, noted that despite a strong economy, the housing market is moving sideways. “Healthy economic conditions are creating considerable demand for purchasing a home, but not all buyers are able to sign contracts because of the lack of choices in inventory,” he said. “.
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Pending home sales increased less than forecast in March

The pending home sales index rose 0.4% from February; the estimate was for a 0.7%, according to the National Association of Realtors. This followed a … Nonetheless, a solid job market and lower taxes are helping underpin demand for housing even as mortgage rates climb to an almost five-year high.
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BRIEF-Freddie Mac Announces Ricardo Anzaldua As Senior Legal Advisor

Federal Home Loan Mortgage Corp: * FREDDIE MAC ANNOUNCES RICARDO ANZALDUA AS SENIOR LEGAL ADVISOR. * FREDDIE MAC – AFTER A TRANSITION PERIOD, ANZALDUA EXPECTED TO SUCCEED WILLIAM MCDAVID, EXECUTIVE VP FOR GENERAL COUNSEL & CORPORATE
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BofA's Gun Dilemma Is Just the Start

Inside the meeting, Chief Executive Officer Tim Sloan acknowledged that he declined to meet with the American Federation of Teachers, whose representatives had sought to discuss gun issues with him. The organization dropped the bank as a recommended mortgage lender soon afterward. Sloan told
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Green Brick Partners, Inc. Expands Into Florida Through Acquisition of GHO Homes

With Green Brick's strong financial resources and GHO's deep local relationships, we are well positioned for future growth and opportunities,” said Bill Handler, President of GRBK GHO Homes. Green Brick Partners currently owns or controls approximately 6,200 prime home sites in high-growth
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BRIEF-Bemco Hydraulics To Discontinue Banking Facilities With SBI

BRIEF-Bemco Hydraulics To Discontinue Banking Facilities With SBI

April 30 (Reuters) – Bemco Hydraulics Ltd: * SAYS CO DECIDED TO DISCONTINUE THE BANKING FACILITIES / CONSORTIUM WITH STATE BANK OF INDIA. * SAYS CONSORTIUM BANKING SHALL TAKE PLACE IN BETWEEN BANK OF MAHARASHTRA (LEAD BANK) AND YES BANK
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Freddie Mac Announces Ricardo Anzaldua as Senior Legal Advisor

MCLEAN, Va., April 30, 2018 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB:FMCC) today announced that Ricardo Anzaldua will join the company as Executive Vice President and Senior Legal Advisor to CEO Donald H. Layton in May 2018. After a transition period, Mr. Anzaldua is expected to succeed
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HDFC reports 28% rise in Q4 net profit to Rs 3961 cr, Rs 16.50 per equity share dividend declared

Mortgage lender HDFC on Monday reported a 28.63 per cent rise in consolidated net profit at Rs 3,961 crore in Q4, which came above estimates. The lender reported net profit of Rs 3,079.33 crore in the corresponding period of previous financial year (2016-17). A Bloomberg poll of analysts expected
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San Antonio homebuyers getting outbid and frustrated in tight housing market

Bailey Hallburg in her new home with her German Shepherd CoJo. New homeowner, Hallburg managed to lock down her home after making offers on two others but missing out because their owners were flooded with offers. less. Bailey Hallburg in her new home with her German Shepherd CoJo.
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Orthodox Church plans for its future but not at the expense of its past

“According to the CoStar Group, which tracks real estate data nationwide, church sales in the United States jumped by almost 100 percent between 2010 and 2015, and the number of church redevelopment projects more than tripled during … Havens has observed recent real-estate trends with horror.
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Housing Market Still Belongs to Sellers

They want to avoid a housing market that's become so competitive, many buyers are offering more than list price. “Particularly in competitive markets, where you have multiple buyers submitting offers for the same property,” Hale said. “One way that buyers are standing out is by submitting an offer that's
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How to cancel private mortgage insurance years ahead of schedule

If you're a homeowner who's fed up with paying private mortgage insurance, also known as PMI, there's an unusual opportunity right now to get rid of it years ahead of schedule. Homebuyers who put down less than 20% almost always have to carry PMI, according to money expert Clark Howard.
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Buying Houses at Auction: Some Things You Need to Know

These can cost 40% less than a new home and can still have specific advantages in home loan for auction houses. … Firstly, financial institutions have a number of assets seized because customers have defaulted on mortgage loans and as a consequence, these have been … Home financing at auction
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FCA data sheds light on mortgage broker numbers

There are 5,210 directly-authorised mortgage intermediary firms in the UK, according to Financial Conduct Authority figures. The FCA says those firms employ 34,105 approved people, and that there are an additional 14,169 appointed representatives as of 10 January 2018. The regulator revealed the
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Five Oaks Investment Corp. Commences Transition in Strategy with Acquisition of a Commercial …

The Transaction is part of the Company's previously announced reallocation of capital into new investment opportunities in the commercial real estate mortgage space. The Company believes that it is a significant positive step in transitioning its strategy to include transitional commercial mortgage loans
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House sells for about $7 million on Ridgeview Drive in Palm beach

… acted individually and as trustee of her mother's revocable trust, which sold the house. Sarah Murphy died in September 2016. She was the widow of Norman Murphy, her husband of 52 years, who died in December 2014. He was the founder of a real estate development and investment company.
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Nearly 600 Michigan employees face layoffs at MB Financial Bank

ANN ARBOR, MI – Chicago-based MB Financial Bank is shuttering its national mortgage origination business, prompting the layoff of almost 600 employees at locations across southeast Michigan. In a letter dated April 26, Susanne Griffith with MB Financial wrote 594 employees in Michigan would be
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March pending home sales were flat as buyers struggle to afford what little is available

The biggest challenge in today's housing market continues to be a severe shortage of homes for sale, especially at the lower end of the market, where demand is highest. There were about 9 percent fewer homes on the market in March compared to a year ago, pushing prices up 8 percent, according to
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MI and Jumbo Products; FHA, VA, and Ginnie News; Rates Take a Breather

The majority of the 100,000 loans receiving rescission relief were insured through National MI's delegated underwriting channel. … Insellerate is hosting a webinar: “Mortgage Sales & Marketing Boot Camp: 6 Quota-Crushing Tips for Loan Officers” on Friday, May 4, from … FHA, VA, and Ginnie News.
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Chief Strategy Officer Hired at United Wholesale Mortgage

“We are thrilled to have such an amazing leader join our team, and his main focus will be aligned with UWM's which is to help our mortgage broker partners grow,” said Mat Ishbia, President and CEO of United Wholesale Mortgage. “He is in total lockstep with our company from a leadership vision and
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Mortgage rates today, April 30, 2018, plus lock recommendations

Mortgage rates today are nearly unchanged from Friday's. We received some important data, but the actual figures did not vary much from expectations. Consumer Spending increased by .4 percent, as anticipated by analysts, Personal Income rose by .3 percent, slightly less than expected, and the Core
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McDonald's Stock Surges as New Menu Brings Back Customers in Most Major Markets

McDonald's (mcd, -0.38%) return to form shows no signs of losing steam. The world's largest fast-food chain on Monday reported strong growth in every major market, from France to Russia to the U.S. as efforts to renew its menu brought back customers in great numbers, sending its shares up 4% in
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SunTrust Commercial Real Estate to Sunset Pillar Financial Brand

With these fully integrated capabilities, SunTrust offers a suite of Fannie Mae, Freddie Mac and HUD-insured loan products to owners of multifamily housing and healthcare properties across the country. SunTrust provides third party servicing of these and other loans through Cohen Financial. Cohen
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Melyssa Whitesell joins Sun Valley Title as Ketchum office administrator

Melyssa Whitesell joins Sun Valley Title as Ketchum office administrator. By: IBR Staff April 30, 2018 0. melyssa-whitesell-copy Melyssa Whitesell has joined Sun Valley Title as the new office administrator in the company's Ketchum office. Whitesell previously worked for the Sun Valley Company for
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SEC Commissioner on Bitcoin: 'That Space Is Full of Troubling Developments'

Fortune spoke with Blockchain Capital's Bart Stephens recently, and he said there is still plenty of regulatory uncertainty when it comes to token issuance. “The SEC has told us a bunch of things that they don't like, but what they haven't really told market participants is what is allowable,” he said. “There's
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WSJ Wealth Adviser Briefing: Tech Stocks, Wells Fargo 401(k) Probe, Permanent Vacation

WSJ Wealth Adviser Briefing: Tech Stocks, Wells Fargo 401(k) Probe, Permanent Vacation

New Financial Transaction Methods Pose Challenge in Terror Fight, Officials Say: French President Emmanuel Macron hosted the ministers from 70 countries in Paris to try to coordinate a crackdown of financing. PLANNING & INVESTING. Facing a Bidding War? Why a Local Mortgage Lender May Offer
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Astounding Stocks: Groupon, Inc. (NASDAQ:GRPN), Fortune Brands Home & Security, Inc. (NYSE …

Its weekly and monthly volatility is 4.33%, 3.67% respectively. Fortune Brands Home & Security, Inc. (NYSE:FBHS) closed at $56.88 by scoring 0.42%. The price/earnings to growth ratio (PEG ratio) is a stock's price-to-earnings (P/E) ratio divided by the growth rate of its earnings for a specified time period
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The housing market, only going up, baby!

If there's one thing I know is stable, it is the housing market. You would be absolutely crazy to ever bet against it. This is why I am telling all of you right now to invest everything you have in real estate. Just look at those prices—they just keep rising! In fact, the likelihood of you losing all of your money is
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Crypto lending may be risky, but these firms say they've solved the riddle

A new crypto lender, Nexo, will launch Monday in a market where existing participants have already withstood trial by fire. Such lenders extend credit to those who want to own digital currency, such as bitcoin and ether, and hold onto it long-term while investing it in real estate and elsewhere. But crypto
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Four Seasons to open Fort Lauderdale property

“We commissioned a team of global minds to create an exemplary hotel and residential property unlike any other in Fort Lauderdale,” said Nadim Ashi, founder of Fort Partners. “Four Seasons is defining Fort Lauderdale as a global destination and is capturing an international audience. We are
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Investor's Guide on Southwest Airlines Co. (LUV) and Fortune Brands Home & Security, Inc. (FBHS)

The shares of Southwest Airlines Co. (NYSE:LUV) went up during the trading session by $0.23 on Friday, trading at $53.53. At the moment, the company has a debt-to-equity ratio of 0.36, a current ratio of 0.70 , and a quick ratio of 0.60. The stock has a 52-week low of $49.76 while its 52-weeks high is
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Calls for rent control surge in Bay Area suburbs

As housing prices rise and rents soar, the tenants' rights movement has gained momentum in smaller cities across California. Even typically placid suburbs are now grappling with rent control battles that were fought decades ago in San Francisco, Oakland and San Jose. In addition to Santa Cruz,
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One to One on UKMortgages, the voice-activated Mortgage app – video demonstration

Thanks for joining me to talk exclusively about Mortgage Brain's latest launch. What's it called and tell us what it does please? A.There has been lots of chatter about digital offerings and so called Robo Advice over the last 18 months or so. While much of this has been hot air, it has brought the customer
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At $7.27, Is Frank's International NV. (NYSE:FI) A Buy?

Frank's International NV. (NYSE:FI), an energy company based in Netherlands, received a lot of attention from a substantial price increase on the NYSE over the last few months. As a stock with high coverage by analysts, you could assume any recent changes in the company's outlook is already priced
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'An absolute gong show': Move over Vancouver, Canada's craziest housing market is now in Whistler

Benchmark property prices in Whistler, the ski town two hours north, have now surpassed those in the Pacific Coast city. Businesses are buying million-dollar properties to house employees as living costs drive out workers. The cost of visiting has also spiralled, with overnight rates during the winter peak
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Recommendation on tightening lending practices may see housing market fall up to 6 per cent

Economists warn that if the commission recommends tightening lending practices, the housing market could fall 3 per cent in Sydney and new housing in Western Sydney up to 6 per cent. They predict if the tightening coincides with the large volume of mortgage holders being transitioned off interest-only
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Jumping mortgage rates will further tighten the debt vise for Canadians

The indefatigable ability of Canadians to shoulder an ever increasing mountain of debt is being tested. The country's biggest banks began raising key borrowing rates last week, just as the busy season for residential real estate gets underway. In addition, the mortgage market looks set for a particularly
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Egypt's local wheat buying surges in first two weeks of harvest

CAIRO: Egypt, the world's largest wheat importer, has so far bought 1.4 million tonnes of the grain from farmers in its harvest, Supply Minister Ali Moselhy said on Monday, procuring more than a third of its target in the first two weeks. The government has said it is looking to buy about 4 million tonnes of
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Apple Will Probably Report Bad iPhone X News Tuesday. Here's How Tim Cook May Try to Fix the …

Apple earnings this week will confirm what most investors have finally accepted: The iPhone X didn't live up to the hype. The results should also provide clues on the company's next strategy for its most-important product. Chief Executive Officer Tim Cook and other Apple executives have a “major
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Not Found | The Cairns Post

A NOTE ABOUT RELEVANT ADVERTISING: We collect information about the content (including ads) you use across this site and use it to make both advertising and content more relevant to you on our network and other sites. This is also known as Online Behavioural Advertising. You can find out more
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My Money Monday, April 30 – Mortgage loan basics

A: Essentially, the more money you can use as a down payment the lower your monthly payment will be because you have to borrow that much less for your home loan. You generally want to have at minimum 3-5% of the total cost of the home you're planning to purchase for a down payment. However
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Freddie Mac Var Pfd (FMCCG) Stochastic MI Reading Touches Key Levels

The Stochastic Momentum Index (SMI) for Freddie Mac Var Pfd (FMCCG) has dipped below -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 the SMI rises above
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Marathon Petroleum to buy Andeavor in $36bn deal

The deal will create a US-based refining giant with more than 3m barrels a day of throughput capacity, the equivalent of 15 per cent of the US total or 3 per cent of world oil demand. Marathon was already the second largest refiner in the US and buying Andeavor will mean it leapfrogs rival Valero, which
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Accord to recruit 25 new underwriters

Accord Mortgages is set to expand its underwriting team over the coming months with up to 25 new additions. This is on top of the 10 underwriters who started training with the lender this month. Accord is also in the process of recruiting up to 15 more members of the team as part of its continuing
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House buyers and sellers locked in 'stalemate' as uncertainty over foreign buyer ban remains

Sellers have made a modest resurgence in the housing market, but uncertainty around price direction has locked buyers and sellers “in a bit of a stalemate”, an analyst says. Property listings website Realestate.co.nz has released its latest data for April. The total number of houses for sale nationwide
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Climate-Linked Spending Set to Rise to a Quarter of EU Budget

Climate-Linked Spending Set to Rise to a Quarter of EU Budget

The European Union's executive is poised to propose spending 25 percent of funds available in next EU multiannual budget on activities related to climate protection, making sure new economic and political challenges don't weaken the bloc's resolve to fight pollution.
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Ritchie Bros. sells CA$207+ million of equipment in its largest Canadian auction of 2018

Approximately 89 percent of the equipment in the auction was sold to Canadian buyers, with buyers from Alberta purchasing 55 percent, while international buyers from countries such as the United States, China, and the United Arab Emirates purchased 11 percent of the equipment. Approximately 58
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Lewis Hamilton knows good fortune in Baku cannot mask Mercedes' failings

After inheriting an unexpected win at the Azerbaijan Grand Prix on Sunday, Lewis Hamilton has warned his team that he cannot rely on similar good fortune in his title defence against Sebastian Vettel. Hamilton won in Baku after a dramatic finale prompted by a late safety car. His team-mate Valtteri
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The free transfers which could save Leeds United a fortune this summer

This abomination of a season for Leeds United will finally end this week and we can all look forward to a World Cup and transfer speculation. The summer transfer window opens around May 17, 12 weeks before the earlier deadline of August 9, which means deals will need to be sewn up quicker than
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America's Mortgage Market Is Still Broken

Looking back, it's easy to see what made U.S. housing finance so vulnerable. Loosely regulated companies, financed with flighty short-term debt, did much of the riskiest lending. Loan-servicing companies, which processed payments and managed relations with borrowers, lacked the incentives and
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Data Sheet—Why Big Tech Will Dominate Policy Debates for Decades

Alan Murray here, filling in for Adam Lashinsky, who in turn is subbing for me at CEO Daily. Don't ask us why. Just take a deep breath, and know it will all be over in five days. My friend Michael Boskin has posted a smart piece on Project Syndicate, listing the five reasons why big tech companies—which
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Halifax brings in £1000 cashback deal for FTBs and homemovers

Halifax is the third lender in the last seven days to bring in first-time buyer mortgage with £1,000 cashback. Accord Mortgages last week launched a range of 95 per cent LTV mortgages with £1,000 cashback, as did Newcastle Intermediaries. In February, Leeds Building Society introduced £1,000
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Zurich retains title sponsorship of PGA Tour New Orleans event

Golf's PGA Tour has announced that financial services company Zurich Insurance has extended its title sponsorship of the Zurich Classic of New Orleans tournament until 2026. The seven-year extension was announced at the TPC Louisiana course on Sunday as this year's edition of the team event
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Brazil govt plans to raise $2.7 billion via real estate selloff: paper

SAO PAULO, April 30 (Reuters) – Brazil's government will sell the minority stake it holds in 276,000 pieces of real estate spread throughout the country in a process it projects will bring in 9.3 billion reais ($2.69 billion), a newspaper said on Monday. Citing an official in the country's Planning Ministry,
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Tesla Is Burning $6500 Every Minute. It's Probably Going to Need to Raise a Lot More

At the beginning of April, Tesla founder and CEO Elon Musk joked about the company going bankrupt, but it appears that such a seemingly unlikely outcome is no laughing matter. There is now a “genuine risk” that the electric car company won't have enough money to make it out of this calendar year,
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Nationwide app goes down on miserable Monday after week of TSB online banking chaos

The bank's app stopped working properly this morning as a new week dawned following an IT meltdown at TSB which stopped customers accessing their accounts for days on end. On its website, Nationwide wrote: 'Our banking app is taking a long time to load this morning. Please try again later or use
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Buying a home? Sellers may use cameras, microphones to spy on house hunters

Home buyer, beware! The seller may be watching. And listening. A growing number of home sellers are using security cameras and microphones to spy on potential buyers as they tour their houses or condos. They then may use what they hear or see as leverage in price negotiations. The trend has
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Direct lending's growing pains

More and more private equity sponsors in Europe are now comfortable using direct lenders in their deals – indeed many have done so multiple times. After a record volume of fundraising in 2017, funds are competing ever more fiercely for the mandates on offer – and in the process some are losing sight
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Can FinTech Walk The FinTalk?

LendingClub is considered one of the pioneers in marketplace lending — a supposedly disruptive model that wasn't about lending money and making money the good, old-fashioned way, but about creating a tech-driven front and back end to originate loans and then making money when those loans
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Why Sprint Shares Are Plummeting on News of Its Takeover by T-Mobile

Sprint plummeted 14% on concern that a proposed $26.5 billion takeover by T-Mobile US will get rejected by antitrust enforcers. The deal, announced on Sunday, would combine two of the four biggest wireless carriers in the U.S. That sets the stage for an in-depth investigation by the Justice Department
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BRIEF-Ad Dulayl Industrial Park And Real Estate Q1 Profit Rises

BRIEF-Ad Dulayl Industrial Park And Real Estate Q1 Profit Rises. Reuters Staff. 1 Min Read. April 30 (Reuters) – AD DULAYL INDUSTRIAL PARK AND REAL ESTATE COMPANY: * Q1 PROFIT ATTRIBUTABLE TO SHAREHOLDERS 259,471 DINARS VERSUS 177,299 DINARS YEAR AGO
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'Step one': More action needed from AMP, say major investors

AMP investors want more of the company's board members to step aside, including eventually new interim executive chairman Mike Wilkins, and executives to have their pay docked for misbehaviour. The calls for more action came as law firm Phi Finney McDonald and IMF Bentham flagged a class
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Santander shakes off branch limits as it regains passing CRA score

Santander Bank in Boston has regained its passing Community Reinvestment Act grade, allowing the bank to once again open new branches and accept public deposits. The $74.5 billion-asset bank — a unit of the Spanish banking giant Banco Santander — said Monday that it has received a
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Property sector should not be a soft target for budget

In the lead up to the release of the State Budget on May 10, UDIA is calling on the state government not to treat the property market as an easy target for revenue raising. With the property market recovery in its early stages it's important that there are no increases to land tax rates or stamp duty included in
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UK equestrian sponsorship round-up

Land Rover has extended its commitment of Blair Castle International Horse Trials to become title sponsor. The company, which was official vehicle partner in 2017, has signed a three-year title sponsorship agreement. Scott Dicken, Jaguar Land Rover UK marketing director, said: “We see the equestrian
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Australia Just Announced Its Biggest Ever Plan to Save the Great Barrier Reef. But …

Australia Just Announced Its Biggest Ever Plan to Save the Great Barrier Reef. But …

Australia's Great Barrier Reef is one of the seven wonders of the natural world, and the only living thing that's visible from space. Unfortunately, it's also being hugely damaged by climate change. To counteract this, the Australian government has announced its largest-ever investment in the coral reef:
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India's Kotak Mahindra Bank fourth-quarter profit up 15 percent on lending growth

That was in line with analysts' expectations of 11.29 billion rupees net profit for the lender, which is 30 percent owned by its billionaire chief executive Uday Kotak, who is Asia's richest banker. Kotak Mahindra's gross bad loans as a percentage of total loans dropped to 2.22 percent as of end-March from
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Century Capital names new head of lending

Paul Munford, CEO at Century Capital, said: “Alastair's extensive experience and tangible understanding of the bridging market makes him the perfect person to lead Century Capital forward during this period of sustained growth.” Alastair added: “This is an exciting period for the short-term lending
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Real Estate Investment Trusts Soared Last Week

US real estate investment trusts (REITs) surged last week, posting the biggest gain by far for the major asset classes, based on a set of exchange-traded products. The increase marks the first weekly advance for these securities overall since late-March. Vanguard Real Estate (NYSEARCA:VNQ) popped
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Some TSB online banking customers STILL can't access accounts more than a week after it went …

One frustrated customer said : “TSB when will you respond?? Rang 23/4. Visit to branch 26/4. Emailed 27/4. 30/4 I still cannot access my online banking to move my money!!!! What is happening??????” Another one added: “I'm now very out of pocket, Paul. Today is the last of the month, I haven't been
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Net mortgage lending rises for fifth successive month

Lending for house purchase increased by €184 million in March, marking the fifth consecutive month of positive annual growth. The Central Bank's latest money and banking statistics show that net mortgage lending, effectively new drawdowns less repayments on existing loans, rose by 0.2 per cent year
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Botswana's central bank holds lending rate at 5 percent

GABORONE, April 30 (Reuters) – Botswana's central bank left its benchmark lending rate unchanged at 5 percent on Monday, saying the outlook for price stability remains positive. “Subdued domestic demand pressures and the modest increase in foreign prices contribute to the positive inflation outlook
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Saudi Arabia's Oil Company Just Put a Woman on Its Board for the First Time

Earlier in April, Black Panther became the first publicly screened film in 35 years, after the Kingdom reversed its ban on cinemas. Now, the state-owned oil company Saudi Aramco has crossed a milestone of its own. As part of a board reshuffling that took place over the weekend, Aramco added its
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Veteran NYC Real Estate Broker Says Future is in Green Buildings

Veteran NYC real estate executive Shlomi Reuveni founded his own brokerage, Reuveni Real Estate late last year, after 30 years in the business. Mr. Reuveni, 51, previously served as managing director of TOWN New Development, and as senior managing director and executive vice president at
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What to Do as Mortgage Rates Are On the Rise?

For many millennials, or those looking to become homeowners for the first time, the interest rate one will receive on the mortgage they lock in today can play a huge role in determining the state of one's household finances for years to come. Given new stress tests put in place by Canadian regulators
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INDIA'S INDUSTRIAL AND WAREHOUSING LEASING TO TOUCH 20 MILLION SF IN 2018; 17 …

CBRE South Asia Pvt. Ltd., India's leading real estate consulting firm, today shared the findings of its 2018 Asia Pacific Real Estate Market Outlook – India report. The report is part of a global research series released by CBRE every year, highlighting trends and dynamics across various segments in the
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Investors' Message for European Banks: Forget About Wall Street

The market has been calling for some time on Europe's banks to seek their fortunes away from Wall Street. After lenders' first profit indications for the start of 2018, buyers rewarded Credit Suisse Group AG for doing just that, while punishing Barclays Plc and UBS Group AG, in part because their results
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Listing of bond loans issued by Nordea Hypotek AB on STO Mortgage Bonds (238/18)

Listing of bond loans issued by Nordea Hypotek AB on STO Mortgage Bonds (238/18) … to 2030-04-18. The instruments will be listed on STO Mortgage Bonds Please find instrument identifiers in the attached document. Nasdaq Stockholm AB, Issuer Surveillance, dl-ilasto@nasdaq.com, +46 8 405 7050.
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Yadea signs on for title sponsorship of Chinese Futsal even, using its 2018 World Cup assets

April 30 – China's football expansion beyond the 11-a-side game has a new commercial supporter with electric bike company Yadea announcing that they have become the title sponsor of the country's elite futsal league – Sina Elite 5X5 Football League 2018. This is the second major sponsorship by
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Are you Profiting from Digital in Lending?

They created winning propositions for both the lender and the end customer. As a result, there has been a wave of digital transformation in financial services globally. Consequently, it can be very easy to say that the reasons for going digital are driven solely by customer expectations. But there is more to
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Jumping Mortgage Rates Further Tighten Debt Vise for Canadians

Some 47 percent of existing mortgages need to be refinanced this year versus 25 percent to 35 percent typically, according to Ian Pollick, head of North American rates strategy at Canadian Imperial Bank of Commerce in Toronto. At the same time, the country's biggest banks are raising key mortgage
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Girl Scouts, Correspondents' Dinner, North Korea: Broadsheet April 30

Fortune's Grace Donnelly brings you this sweet story about the Girl Scouts of Greater New York's Cookie Executive Committee, “a group of the top-selling Scouts who, despite not yet being old enough to vote, decide everything from logistics to product marketing.” Running GSA's annual cookie sale is no
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My Money Monday: Mortgage loan basics

Below is the closed-captioning text associated with this video. Since this uses automated speech to text spelling and grammar may not be accurate. tyler: it's monday which means we are going to be talking about money. today we have jenn busch from first alliance credit union. and we are going to be
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Rise in over-55s upsizing is driving new trend in lifetime mortgages

And this trend, it said, was driving a growing need for innovation in mortgage products for the over-55s age group. Nici Audhlam-Gardiner, managing director of Lifetime Mortgages at OneFamily said: “Lifetime mortgages are helping our customers buy properties more suited to their retirement plans, be it
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Samwu rejects report that it has a bond with controversial VBS Mutual Bank

The South African Municipal Workers Union (Samwu) has rejected a report in the City Press newspaper that it has a mortgage loan with the controversial VBS Mutual Bank. On Sunday‚ City Press reported that VBS Mutual Bank lent out large sums of money to its own directors‚ municipal officials and
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Criteria Hub reveals top broker searches

Criteria Hub reveals top broker searches

Jason Hegarty, director of Criteria Hub said: “We are aiming to publish our data on a regular basis because it does illustrate the kind of cases that advisers are working on and the queries to which they need answers. “Simple criteria like maximum age limits for residential mortgages and minimum income
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PE investment in real estate up 15% in Jan-March to Rs 16530 crore

Private equity (PE) investment into real estate increased by 15 per cent to Rs 16,530 crore during January-March period driven by sharp jump in inflows in residential segment, according to property consultant Cushman & Wakefield. PE investment in real estate stood at Rs 14,340 crore in the year-ago
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Mortgage Application Defect Risk Increased in March

The overall risk of defects in mortgage applications increased 1.2% in March compared with February and was up 3.8% compared with March 2017, according to First American's Loan Application Defect Index. Driving the month-over-month increase was the fact that the mortgage market is shifting to a
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Banking royal commission: AMP's misleading of ASIC explained

AMP may have been unlawfully deducting service fees from customer accounts since 2009, but it was its attitude to dealing with the regulator that has got the company in the most trouble. Evidence before the royal commission showed AMP misled the corporate regulator 20 times, including by portraying
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First Ronny Jackson Withdrew His Nomination as VA Director. He Won't Get His Old Job Back Either

Ronny Jackson will not return to his role as President Trump's personal physician. Two White House officials confirmed the decision to Politico on Sunday. Jackson withdrew his nomination to head the Department of Veterans Affairs last week, following a series of allegations released by Sen. Jon Tester
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T-Mobile and Sprint, Walmart, Marathon and Andeavor: CEO Daily for April 30, 2018

Good morning. Adam Lashinsky here instead of Alan—he and I have switched places this week. Check out Fortune's Data Sheet newsletter if you miss him. Last week in Data Sheet, I observed a tale of two tech economies. Tech leaders Facebook, Google, and even Apple are under attack for privacy,
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SoftBank set to top its $10 bln India investment target

(Read Fortune India story on SoftBank here). Now SoftBank, the biggest backer of Indian consumer internet firms, is set to top its investment target and could invest $10 billion in less than its 10 years investment target period. “We would definitely overachieve … on our commitment much ahead of time
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Whistler Now Tops Vancouver as Canada's Craziest Housing Market

With a permanent population of fewer than 12,000 residents, there are more than 1,300 applicants on wait lists to either rent or buy homes at below-market rates in a residents-only pool managed by the Whistler Housing Authority. The agency aims to provide housing for at least 75 percent of the town's
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Banking Must Provide AI-Based Financial Wellness Tools

Despite all of the advancements made by the banking industry in providing access to savings, borrowing and investment options through physical and digital channels, the vast majority of consumers continue to feel insecure in their ability to adequately manage their finances. The need goes far beyond
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Is Regulation Finally Taming Shadow Banking in China?

Having injected fresh energy into the curbing of shadow banking during last year's final quarter, it seems that China is now finally seeing its efforts starting to pay off. The once-booming controversial financial sector, which has on many occasions caught the ire of regulators, appears to be showing distinct
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BRIEF-Methaq Real Estate Investment Q1 Loss Narrows

BRIEF-Methaq Real Estate Investment Q1 Loss Narrows. Reuters Staff. 1 Min Read. April 30 (Reuters) – METHAQ REAL ESTATE INVESTMENT CO : * Q1 LOSS 37,701 DINARS VERSUS LOSS OF 82,114 DINARS YEAR AGO Source: (bit.ly/2ra795b) Further company coverage: Our Standards:The
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Should Traders Get Out Of Baozun Inc. (BZUN), Enova International, Inc. (ENVA)

For Baozun Inc. (NASDAQ:BZUN) Friday was another day of strong-handed buying, with the low volume day punctuated by a rise from previous close. Trading activity stretched to 1.18 million shares from the 90-day average tally of 2.56 million shares per day. The price at the open on 27-Apr-18 was
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Mortgage approvals down 8% in March on annual basis

The number of mortgage approvals in March fell by 8% compared to the same time last year, the latest figures from Banking and Payments Federation Ireland shows. A total of 3,374 mortgage approvals were granted in the month with a combined value of €763 million. That was down 2.9% on the value
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April Top Real Estate Dividend Stock

Performance in the real estate sector generally tracks the economic cycle. During periods of high growth and inflation, real estate investments usually post strong returns. However, during an economic bust, these investments tend to underperform. These factors drive the profitability and cash flows of real
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UPDATE 1-India's Kotak Mahindra Bank Q4 profit up 15 pct on lending growth

Net profit rose to 11.24 billion rupees ($169.34 million) for the three months ended March 31 from 9.76 billion rupees a year ago, the Mumbai-based bank, fifth-biggest among the country's private sector lenders, said in a statement. here. That was in line with analysts' expectations of 11.29 billion rupees
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Halifax Intermediaries launches cashback offer

… when they need us most and make it easier for intermediaries to do business with us. “We're hoping it will help ease the financial burden for home buyers getting on to the housing ladder for the first time and those moving house, when extra cash can come in handy after committing to a new mortgage.”.
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France Seized the Domain France.com from Its Long-Time Owner. Now He's Suing

A French-born American is suing France for cyber-squatting and “reverse domain-name hijacking.” Jean-Noel Frydman says the French government illegally seized the domain name France.com from him. He had owned the domain since 1994 and had been using it as a “digital kiosk” for Francophile
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Over 55s looking to downsize sat on £1trn of property

The value of property owned by so called last-time buyers will top the £1trn mark this year, research from Legal & General and CEBR has found,. Last-time buyers, homeowners over 55 who are living in a house too big for their needs and would like to downsize, now own £938bn of housing stock.
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Borrowings for new flats rise by 40pc in March

Mortgage loans for primary market residential deals increased by 40.7 percent to HK$7.6 billion in March, while those financing secondary market transactions increased by 10.9 percent to HK$22 billion, the Hong Kong Monetary Authority reported today. Mortgage loans for refinancing increased by 36.4
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Fortune Brands Home & Security (NYSE:FBHS) Cut to Sell at Zacks Investment Research

Fortune Brands Home & Security (NYSE:FBHS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Friday, April 20th. According to Zacks, “In the last three months, Fortune Brands' shares have underperformed the industry.
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Financial regulators turn their sights on banks' use of cloud

Financial regulators turn their sights on banks' use of cloud

Financial regulators on both sides of the Atlantic have turned their attention to the cloud, as concerns mount over how to supervise online storage services, which hold information from the world's biggest banks. Global financial institutions are becoming increasingly reliant on the cloud — using it to store
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Sainsbury's is buying Asda from Walmart in a $10 billion deal — but an analyst warned it could …

Walmart International CEO Judith McKenna called the deal a “unique and bold opportunity, consistent with our strategy of looking for new ways to drive international growth.” UBS and Morgan Stanley advised Sainsbury's on the deal. Rothschild advised Walmart. The mega-merger comes amid a frenzy
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FAST MONEY: Tata Motors, VIP Industries among top ten hot intraday trading tips

Stock-specific moves will sway the market as 31 companies are expected to report their Q4 FY18 results. These include Ceat, Container Corp, Dewan Housing Finance, HDFC, Kotak Mahindra Bank, Opto Circuits, Prakash Industries. Investors will also react to Reliance Industries, UPL and Maruti Suzuki
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Eurozone lending growth brakes in March: ECB

Growth in lending to the eurozone economy slipped slightly in March, but households' and firms' borrowing kept gaining momentum, European Central Bank data showed Monday. The pace of private-sector loan growth in the 19-nation single currency zone fell to 3.0 percent year-on-year last month,
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Anonymous Owner, LLC: Why It Has Become So Easy to Hide in the Housing Market

When Sean Hannity, the popular Fox News host, was revealed this month to be a property owner and landlord of considerable scale, it highlighted how opaque the housing market has become. Owning real estate in limited liability companies, as The Guardian reported that Mr. Hannity does, is a
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Innovation in the banking ecosystem – A year of pivotal transformation

By Parth Desai, Founder & CEO of Pelican. Surveying the lists of 'key trend' predictions for banking and payments at the start of each year often produces an interesting shopping basket of buzzwords – with some proving to have a rather shorter shelf-life than their exponents initially predicted.
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PE investment in real estate up 15% in Jan-March to Rs 16530 cr

New Delhi, Apr 30 () Private equity (PE) investment into real estate increased by 15 per cent to Rs 16,530 crore during January-March period driven by sharp jump in inflows in residential segment, according to property consultant Cushman & Wakefield. PE investment in real estate stood at Rs 14,340
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A $1 Billion Real Estate Boost for Battered Newark

Other projects include the construction of a new Prudential Financial office tower, the development of an abandoned department store into a mixed-use property that includes a Whole Foods supermarket, and the conversion of the old New Jersey Bell skyscraper into apartments. SJP helped build the
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NMI Stake Inc. (NMIH) Raised to “Strong-Purchase” at Zacks Investment Research

… private mortgage guaranty insurance (MI) through its insurance subsidiaries. The Company's insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is an MI provider on loans purchased by Fannie Mae and Freddie Mac (collectively the Government-sponsored enterprises(GSEs)).
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Eurozone bank lending picks up in March

FRANKFURT–Bank lending to eurozone businesses and households picked up in March, data from the European Central Bank showed on Monday, in a sign that the region's economic upswing has continued to broaden. Lending to non-financial corporations grew 3.3% on year, compared with growth
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Have you fixed your mortgage? Why you really should.

Of course for those already on a fixed rate deal and tied in for the next few years, concerns about rate rises will not really have an impact on their current mortgage payments until their existing deal comes to an end, but for those who are looking to take out a new mortgage, borrow additional funds or
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Winn-Dixie parent proposes board of directors

Southeastern's reorganization plan includes issuing stock to holders of unsecured notes, but court documents don't say who those holders are who will end up as the owners of the company. Documents have suggested investment firm Fidelity (which is not related to Jacksonville-based title insurance
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Broker searches show need for later life mortgages

The deep search engine for mortgage advisers, clubs and networks, has revealed the number one search for residential mortgages is the phrase “maximum age at end of mortgage term”. This reinforces evidence of the growing number of cases where older borrowers are looking to seek funding either to
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Could Digital Employees be the future of banking?

The events will “celebrate and elevate the ideas that will change not only the world of business, but the world at large.” One of these ideas, presented by FaceMe and ASB Bank, is the idea that digital employees could change banking as we know it today. “By 2020, customers will manage 85 per cent of
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Square Inc Weebly Buy Could Be Red Flag On International Revenue Streams

Square Inc (NYSE:SQ) became the hottest company in payment processing by catering to the needs of ultra-small businesses, with cellphone-based terminals, simple pricing, and easy-to-read reports. SQ stock has more than quadrupled in price in the last two years. Now the company seems to be
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The effect of phasing out the super tax on banking business

WHILE it falls short in meeting all of the banking sector's demands, the next fiscal year's budget does contain good news, such as the phasing out of the super tax. For the current fiscal year, banks with an annual income of more than Rs500 million will have to pay four per cent super income tax but in the
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Euro zone lending picks up, money supply growth slows in March

Lending also remains well below its pre-crisis mark, indicating that the bank sector is still far from healthy. Weighed down by bad debt often a decades old, many lenders remain reluctant to lend to the real economy while they struggle to repair their balance sheets. The annual growth rate of the M3
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Northern Trust claims a Canadian first

Northern Trust is set to implement a direct clearing of cash and repurchase agreement (repo) trades for fixed income securities through the Canadian Derivatives Clearing Corporation (CDCC), clearing trades on behalf of the Healthcare of Ontario Pension Plan (HOOPP). Northern Trust said it is the first
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Brexit Bulletin: A Key Departure

Today in Brexit: The inner circle of Cabinet ministers who will decide what kind of Brexit the U.K. seeks has lost a pro-EU voice. Prime Minister Theresa May's Brexit war Cabinet has lost one of its most important pro-European ministers with the resignation of Home Secretary Amber Rudd. And the timing
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Fast Commercial Capital Announces Large Balance Opportunistic Financing for Larger Projects

Fast Commercial Capital Announces Large Balance Opportunistic Financing for Larger Projects. Fast Commercial Capital, A Nationwide Commercial Lender, Provides Large Balance Opportunity Lending…The Nations Commercial Lender. AUSTIN, Texas (PRWEB) April 30, 2018 — Fast Commercial
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Westpac Banking Corp shares hit by UBS downgrade

Westpac Banking Corp shares hit by UBS downgrade

A downgrade by investment bank UBS led to a sharp fall of nearly 4% in the share price of Westpac Banking Corp (ASX: WBC) last week which sent its shares to almost a five-year low. Today the share price was up slightly to close at $28.75. The downgrade by UBS was due to the concerns raised in the
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Australian banks at risk if house prices slump — Fitch

SYDNEY (April 30): Australia's four major banks could suffer a ratings downgrade in the event of a severe housing market downturn with second-order economic effects, a stress test report published by Fitch Ratings showed on Monday. Australia has seen a surge in property prices in recent years,
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China introduced new measures to support the housing market

China introduced new measures to support the housing market, which makes it easier for companies in the sector to raise money and pave the way for property investors to buy securities. China is working to stimulate the rental market to press the high house prices and meet demand for housing,
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Housing associations must measure more than financial performance

Housing associations have a social purpose at the heart of everything they do. To house those whose needs are not met by the open market and provide good services for those who live in our homes. Of course, this is not something that is easy to express as a clear numerical value. Unlike, for example
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Banks Seem Oddly Unconcerned About Brexit

A couple of months ago, I looked at the volume of cross-border bank lending originating in the U.K. – a sort of indicator of the country's, and particularly London's, standing as a global financial hub. The data showed exactly the opposite of what one would expect if banks were worried about Brexit: The
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Geraci Media Announces Leading International Conference in Private Money Lending Industry

BEVERLY HILLS, Calif. – April 30, 2018 – Geraci Media announces Activate as the leading international conference in the private money lending industry. Activate will take place at the Sofitel Hotel in Beverly Hills, from May 9-11, 2018. This two-day conference offers 8 different panels, multiple networking
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Tesla Doesn't Burn Fuel, It Burns Cash

The company burns through more than $6,500 every minute, according to data compiled by Bloomberg. Free cash flow—the amount of cash a company generates after accounting for capital expenditures—has been negative for five consecutive quarters. That will be a key figure to watch when Tesla
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'This deal could easily unravel acrimoniously': Sainsbury's is buying Asda from Walmart in a $10 …

Mike Coupe_Judith McKenna_Roger Burnley From left: Sainsbury's CEO Mike Coupe, Walmart International CEO Judith McKenna, and Asda CEO Roger Burnley. Sainsbury's. Sainsbury's is planning to merge with Asda in the UK to create a £13 billion supermarket giant. Walmart has owned Asda since
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Real estate brokerage warning over email scam

An online real estate brokerage has issued a warning that real estate agents are being targeted by scammers using its name. Movoto says that agents and brokers are receiving emails that appear to come from the company asking for $10 for a lead. It says that the scam is similar to those that targeted
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BRIEF-Adler Real Estate Increased Its FFO I Guidance By 5 Pct

April 30 (Reuters) – ADLER REAL ESTATE AG: * REVISED GUIDANCE FOLLOWING THE SUCCESSFUL COMPLETION OF ITS TENDER OFFER TO BUY BACK EUR 200 MILLION OF THE 2015/2020 4.75 PERCENT COUPON NOTES. * FFO I GUIDANCE 2018 INCREASED BY EUR 3.0 M OR 5
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These Are the Biggest Risks for Emerging Markets Right Now

Over the past two-and-a-half years, the rally in emerging markets seemed virtually unstoppable. Money managers brushed aside political and economic risks as a surfeit of cheap money led them to gloss over an impeachment here and a debt crisis there. The pursuit of juicier returns was paramount.
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Austria's Kurz Warns on EU-US Trade War as Waivers Expire

The EU should consider a collective response if the U.S. doesn't extend tariff waivers that expire this Tuesday, Kurz said in a Bloomberg Television interview. Speaking Sunday in Abu Dhabi, Kurz said he he hopes the trade barriers announced by U.S. President Donald Trump “won't turn into reality.”.
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Announcement of net asset value of INVL Baltic Real Estate

The net asset value of INVL Baltic Real Estate, as provided in the Articles of Association section XI 'Valuation of assets of the company and calculation of the net asset value', amounted to EUR 32,853,366 or EUR 2.4984 per share on 31 March 2018. The person authorized to provide additional
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BRIEF-Pal Aqar For Real Estate Development Q1 Profit Rises

BRIEF-Pal Aqar For Real Estate Development Q1 Profit Rises. Reuters Staff. 1 Min Read. April 30 (Reuters) – PAL AQAR FOR REAL ESTATE DEVELOPMENT AND MANAGEMENT LTD: * Q1 NET INCOME AFTER TAX JOD 75,382 VERSUS JOD 25,427 YEAR AGO Source: (bit.ly/2r9WUOh) Further
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Mortgage in Norway Can Be More Expensive

Banks can raise mortgage rates in the future, even though the interest rate is kept unchanged so far. Norwegian central bank, Norges Bank has kept its key interest rate at record low 0.5 per cent since March 2016, and experts expect it to remain low, so far. Nevertheless, banks will soon be able to
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House price confidence low but base rate rise no concern: Halifax

Halifax managing director Russell Galley says: “With mortgages the most affordable they have been in a decade, it is perhaps unsurprising that a proportion of people remain unconcerned by the prospects of a base rate rise. This research suggests that for the majority of mortgage holders, there would
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TSB online banking meltdown drags into a second week

One of the worst crises in British banking was caused by a botched IT migration and has affected up to 1.9 million mobile and online banking customers at the Spanish-owned bank. On Thursday, TSB called in experts from IBM and asked them to fix the problems by Saturday. In its most recent online
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I would not buy a lender if he does not have the skin in the game: Raamdeo Agrawal

There is no skin in the game of the people who are lending the money, at least in the Indian context. The private sector banks here do not have an opportunity to go to finance ministry, saying here is a Rs 10,000-crore default, please give me that money! What is important is whether you have a skin in the
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Banks extend rally ahead of earnings and dividend announcements

The Australian sharemarket got off to an uncertain start but bank bargain hunting and month-end window dressing drove it firmly into the black after domestic lending data beat forecasts. The S&P-ASX 200 index opened marginally lower, but it climbed to close up 29 points, or 0.49 per cent, at 5982.7 led
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The State of the Nation: Increasing signs of stress in property market, although the bottom is in sight

AFTER some tumultuous years, the Finance Ministry's report on the property market last year indicates that the bottom is, at the very least, in sight. But signs of stress were also increasingly visible as property developers remained under heavy pressure to sell. Overall property transactions fell for the third
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