RBI tweaks norms to boost affordable housing lending

RBI tweaks norms to boost affordable housing lending

For metropolitan areas, loan limits have been raised from ₹28 lakh to ₹35 lakh and for other areas, it has been increased from ₹20 lakh to ₹25 lakh,
See Original Article

New Italian government to review mutual, co-op banking reform: Conte

ROME (Reuters) – Italy's new government will review the previous administration's shake up of mutual and co-operative banks, Prime Minister
See Original Article

Goldman Sachs-backed Crypto Giant Circle Seeks a US Banking License

Cryptocurrency unicorn Circle is in talks with US regulators about pursuing a federal banking license and registering as a securities exchange.
See Original Article

Donald Trump Commutes Life Sentence of Alice Marie Johnson

President Donald Trump granted a sentence commutation to a 63-year-old drug offender whose cause has been championed by reality television
See Original Article

The Lingering Impact of Harvey on Houston's Housing Market

The Houston housing market was a mixed bag in 2017. Listings were up, but sales prices were down from May that year through August, which is
See Original Article

Troostwijk and BVA merge

Our buyers will now find even more items that interest them. And our sellers will instantly reach an even larger, more international buying public.
See Original Article

MBA: Mortgage Applications Jumped 4.1% as Rates Fell

After decreasing 2.9% the previous week, mortgage application volume jumped 4.1% during the week ended June 1, as the average rate for a 30-year
See Original Article

Montreal area real estate market hit record high in May

MONTREAL—The Greater Montreal Real Estate Board says area home sales hit another record high for May, even though the pace of growth cooled
See Original Article

Montreal area real estate market hit record high in May but pace of growth slowed

The May sales compared with a very strong month a year ago, said Paul Cardinal, manager market analysis for the Quebec Federation of Real Estate
See Original Article

Bank of Portugal Sees Risks From Incomplete EU Banking Union

LISBON (Reuters) – The failure of euro zone nations to agree on a bank deposit insurance scheme was undermining a major benefit of creating a
See Original Article

How a job invented by Goldman Sachs took over the banking industry

Blame J. Aron. The commodities trading firm which formerly housed Goldman Sachs' CEO Lloyd Blankfein was ground zero for a job that is coming to
See Original Article

Lionel Messi Caught in Mideast Politics Days Before World Cup

Lionel Messi has gotten himself entangled in one of the Middle East's longest-running conflicts. Argentina canceled a World Cup warmup game
See Original Article

Term Sheet — Wednesday, June 6

Founders Fund partner Trae Stephens found his way to venture capital from the public sector. After graduating from Georgetown University's School of
See Original Article

Barclays Kenya tipped to reap more income after parent firm exit

… bancassurance, brokerage, asset management and mortgage financing. … Fees and commissions on loans rose 5.4 per cent to Sh172.5 million
See Original Article

RBI hikes home loan limits under priority sector lending

NEW DELHI: The affordable housing segment will get a boost with RBI today raising the loan limits under priority sector lending (PSL), and the
See Original Article

Swift Continues to Struggle With Ripple's Growing Success in Banking Sector

Over the years, thousands of banks have become a part of the Swift network. As such, one would expect efficiency when it comes to cross-border
See Original Article

Argentines Are Paying 50% Interest Rates on Loans to Go to the World Cup

Argentines are so crazy about soccer that a lender is betting they'll pay 50 percent interest to finance their trips to the World Cup in Russia this month.
See Original Article

Analyze Stocks Using Technical Indicators – Investors Real Estate Trust (IRET)

Technical analysis of Investors Real Estate Trust (IRET) stock includes the study of technical indicators and past trends. For technical analysis of stock
See Original Article

Why Nebraska has an amazing jobs market but nobody is moving there

When the Wall Street Journal reported that Nebraska's housing shortage …. Lenders have been reluctant to enter the mobile-home space since the
See Original Article

Condos trigger housing worries

The condos will be part of a larger housing development plan at the former Navy base that may destabilize the market and force families out of
See Original Article

LendingTree Releases Monthly Mortgage Offer Report for May

LendingTree Releases Monthly Mortgage Offer Report for May

CHARLOTTE, N.C., June 6, 2018 /PRNewswire/ — LendingTree®, the nation's leading online loan marketplace, today released its monthly Mortgage
See Original Article

Pokemon Company: Next year's Pokemon game will have many new Pokemon, completely new …

Although the interview mainly focused on this year's Pokemon title, Ishihara said that next year's Pokemon release will have many new Pokemon.
See Original Article

Athenahealth CEO Jonathan Bush Steps Down Following Reports of Inappropriate Behavior

Fortune has reached out to Athenahealth to request comment from Bush on those allegations. A company spokesperson said they could not comment
See Original Article

Banks In Wait And Watch Mode After MPC Hikes Repo Rate

Banks will wait for a while before raising their lending and deposit rates following the monetary policy committee's decision to raise the repo rate for
See Original Article

Executive Conversation: Rida Sharaf on providing REO liquidation for mobile homes

Executive Conversations is a HousingWire web series that profiles powerful people in the financial industry, highlighting the operations and the
See Original Article

Ascendas-Singbridge Reveals $300M India JV with Temasek, Said Close to UK Deal

Given strong domestic consumption trends, investments in high-quality … The seller is a joint venture between London-based Oxenwood Real Estate and … The deal was followed by the real estate joint venture's £23.7 million
See Original Article

Hard Facts About First American Corporation (The) (NYSE:FAF)

First American Financial Corporation provides financial services through its Title Insurance and Services segment and its Specialty Insurance segment
See Original Article

Mortgage stress test is going to cause more than a 'dip' in the Canadian housing market: RBC

“It increasingly looks like the new stress test is causing more than just a temporary dip in housing market activity in the greater Toronto and Vancouver
See Original Article

Global Real Estate Software Market 2018 – Yardi Systems , Argus Financial Software, Trulia

Global Real Estate Software market 2018-2023 research report underlines a … The Real Estate Software report provided by MRS Research Group
See Original Article

This Lender Is Betting Fans Will Pay 50% on a Loan for a Trip to the World Cup

Argentines are so crazy about soccer that a lender is betting they'll pay 50 percent interest to finance their trips to the World Cup in Russia this month.
See Original Article

Group temporarily bans real estate signs to improve town

NEW CANAAN, Conn. (AP) — Real estate agents in a Connecticut town have agreed to a temporary ban on for sale signs outside homes in attempt to
See Original Article

Cryptocurrency Exchange Huobi Wants to Become Decentralized

The Singapore-based platform plans to invest $100 million toward building Huobi Chain. Once the project is complete, Huobi plans to migrate its
See Original Article

Postal agencies to provide banking services in rural areas

IN a bid to extend the provision of critical banking services to rural areas, the Bank South Pacific and Post Fiji today signed a Memorandum of
See Original Article

FTC and DOJ hear about data access gap in real estate

Access to listings of properties remains a problem a decade after the National Association of Realtors settled a lawsuit with the Department of Justice,
See Original Article

Goldman-backed Circle in talks to seek banking license

(Reuters) – Blockchain-based payment startup Circle Internet Financial Ltd said it held preliminary talks with U.S. regulators to seek a banking license
See Original Article

Online mortgage adviser Hooski launches

Launched on 6 June, Hooski is the passion project of five directors, all with a background in traditional financial advising but a desire for propelling the
See Original Article

'So remarkably inefficient': Venture capital takes on the housing market

'We can broaden and change the idea of what it means to own a home,' says Alex … MW: So what's the state of the housing market now as you see it?
See Original Article

The Best and Worst Airlines and Airports of 2018: AirHelp

Last summer, on a bucket list trip through Southern Africa, I took a total of six flights with South African Airways. On the first one, a 15-hour trip from
See Original Article

RBI hikes key lending rate: Here are 5 key takeaways

It should be noted that the rate hike came after a period of four-and-half-years, citing several factors such as increased CPI projections including HRA
See Original Article

Why Trump's Tariffs Could Spell Bad News for Jack Daniels

… spell bad news for the distiller of Jack Daniel's in one of its biggest growth markets. Bloomberg's Kailey Leinz has more on “Bloomberg Markets.
See Original Article

raceAhead: Losing Kate Spade

raceAhead: Losing Kate Spade

*This post talks about suicide and suicide ideation. Kate Spade, the founder of an iconic brand, wife, mother, and friend died by suicide yesterday.
See Original Article

Wells Fargo isn't the only bank with fake accounts, regulators say

A federal review triggered by the Wells Fargo scandal found that “weaknesses” at other banks led employees to open accounts without proof of
See Original Article

Two Months Later, Mortgage Applications Finally Increase

According to data from Mortgage Bankers Association (MBA) for the week ending June 1, the Market Composite Index increased by 4.1 percent on a
See Original Article

Teams compete in ETX Literacy Council's 27th annual 'BEE for Lit – KTRE.com | Lufkin and …

This year's competition was fierce; the last two teams, Longview Greggton Rotary and U.S. Title, Inc., battled through numerous advanced words until
See Original Article

Northview Apartment REIT Announces a $110 Million Bought Deal Equity Financing and a $152 …

Following closing of the Acquisition, Northview expects to complete additional mortgage financing to provide increased liquidity. This increased
See Original Article

House Hunting in … Portugal

The three-level stucco house, which is listed by Luximo's Christie's International Real Estate, has seven bedrooms and seven-and-a-half bathrooms.
See Original Article

Investors Title Company (ITIC) Can't Be Less Risky. The Stock Formed a Bullish Multiple Top Pattern

It turned negative, as 5 investors sold Investors Title Company shares while 21 … Biglari Capital Corp has invested 0.44% in Investors Title Company
See Original Article

Financial Marketers Either Get Onboarding Right or Pay a Heavy Price

Banks and credit unions that don't have a sophisticated, digital-first onboarding strategy will see sagging satisfaction scores and a balance sheet that
See Original Article

Increase in priority sector lending limit likely to prop up affordable housing

Increase in priority sector lending limit likely to prop up affordable housing MUMBAI: The Reserve Bank of India's decision to increase the loan limits
See Original Article

Microsoft Just Dumped a Data Center Into the Ocean

Get Data Sheet, Fortune's technology newsletter. “We know if we can put something in here and it survives, we are good for just about any place we
See Original Article

Mick Mulvaney guts 3 CFPB advisory boards

Acting Director of the Consumer Financial Protection Bureau Mick Mulvaney gutted three CFPB Advisory Boards today. The Consumer Advisory Board
See Original Article

Renters in better position to create wealth than homebuyers, South Florida professors say

As U.S. housing markets including South Florida's approach the peaks of their price cycles, it's better to rent than buy a home, according to the latest
See Original Article

The Tight Housing Supply Is Raising Prices

Much of the loosening of underwriting standards is due to either Freddie Mac or Fannie Mae competing for market share with the Federal Housing
See Original Article

Hunt Closes $200 Million Committed Equity Investment From Gallatin Point into its Financial …

Hunt Mortgage GroupOriginator of commercial real estate loans with a full suite of proprietary loan products as well as Fannie Mae, Freddie Mac and
See Original Article

Ex-Cambridge Analytica CEO Tells Lawmakers He Lied on Video

Former Cambridge Analytica Chief Executive Officer Alexander Nix said reports that he withdrew $8 million from his now-defunct company are untrue,
See Original Article

Strong Jobs Market Helps Stocks Gain Ground

In the U.S. equity market, technology stocks outperformed as investors shifted into growth-oriented assets. Real estate also outperformed following a
See Original Article

GM Will Bring Its Hands-Free Driving Super Cruise System to All Cadillac Models

GM will offer its hands-free highway driving system on all of its Cadillac models beginning in 2020, an expansion of semi-autonomous technology that
See Original Article

Fannie Mae makes mobile home loans cheaper to boost affordable housing

Fannie Mae is lowering down payment requirements and lender fees on manufactured housing loans to improve affordable housing access. Mortgage
See Original Article

Payday Lenders Buff Up Loan Products

Payday lenders are now offering an array of new financing products that are sending their stocks soaring. According to Bloomberg, Enova
See Original Article

Frank Gargano

Frank Gargano is a Long Island native and a reporter for American Banker. He is currently a student in the School of Journalism at Stony Brook
See Original Article

Mulvaney Fires Consumer Advisory Board Members

Mulvaney Fires Consumer Advisory Board Members

The 25 members of the Consumer Financial Protection Bureau (CFPB) Consumer Advisory Board have been fired by the agency's Acting Director,
See Original Article

Q2 2018 Bank Earnings – Mortgage Morsels

Both RBC and Scotiabank posted 6% year-over-year increases in their residential mortgage portfolios, although the other banks saw markedly slower
See Original Article

We're building acceptance and relevance as a viable alternative because we always really do …

“Until recently, it's fair to say the customer-owned banking sector struggled to really demonstrate our value proposition to the community, but in the past
See Original Article

JG Summit, HK-based partner roll out mobile lending platform

Cashalo—both a lending platform and the brand for a string of financial services that Oriente Express intends to bring to the Philippines—aims to
See Original Article

Investors Title (ITIC) Lowered to Strong Sell at BidaskClub

1,800 shares of the company were exchanged, compared to its average … Investors Title Company, through its subsidiaries, provides title insurance
See Original Article

Parking Space Sells For Record Price. And It Cost More Than Many Houses

A parking space in Hong Kong just sold for $760,000, the highest price ever paid for a parking spot worldwide. It's rare grab in Kowloon, the most
See Original Article

FixList rebrands to Stepwise, shifts focus to real-estate investors

FixList rebrands to Stepwise, shifts focus to real-estate investors … the City of Philadelphia: as the company offers more tools for real estate investors,
See Original Article

MOVES- Natixis names Gilbert head of US CLO banking

NEW YORK, June 6 (LPC) – Natixis has named Chris Gilbert head of US Collateralized Loan Obligation (CLO) banking and David Williams head of US
See Original Article

Shocking Stats About the Importance of Photography in Real Estate

It might seem obvious—or go without saying—that good photography and videography are critical for your success as a real estate professional.
See Original Article

Dealertrack promotes exec to oversee registration, title solutions business

Gavin most recently joined Dealertrack's registration and title solutions … as the senior director of business operations, according to the company.
See Original Article

OCC Report Uncovers Problems With Sales Practices At Banks

After reviewing sales practices at more than 40 large and mid-sized banks, the Office of the Comptroller of the Currency (OCC) found multiple systemic
See Original Article

Direct homebuyer FlyHomes raises $17 million, plans expansion into mortgages

The firm also backed Point, a financial technology platform that offers … and had mortgage financing through a lender, but beginning this summer, the
See Original Article

NYAMB Names Michael G. Barone Counsel

Abrams Garfinkel Margolis Bergson (AGMB) has announced that Michael G. Barone, the Managing Partner of the firm's Mortgage Compliance Practice
See Original Article

Real estate report shows Bakersfield's housing prices rising in May

BAKERSFIELD, Calif. – A local real estate appraisal report shows Bakersfield's housing market is heating up. Just over 1,200 homes were on the
See Original Article

Why BlackRock's Trigo Paz Is Bullish on Turkey, India

BlackRock Inc. Head of Emerging Markets Debt Sergio Trigo Paz discusses his emerging market investment strategy. He speaks with Bloomberg's
See Original Article

Mortgage applications rise as key interest rates drop

After eight consecutive weeks of decreases, mortgage applications increased by 4.1% last week as key interest rates dropped sharply, according to
See Original Article

Shop King Said Buying Kwai Chung Asset for HK$1.6B and More Hong Kong Real Estate Headlines

Deposits worth HK$3 million for three sale and purchase transactions involving luxury flats at New World Development's Mount Pavilia project in
See Original Article

The Blunt Truth About athenahealth's Jonathan Bush

As famously wild and frenetic as Jonathan Bush was during the go-go years of his company—a tale beautifully told, I might add, by Fortune's own Jen
See Original Article

US Real Estate Bull Market Stays Strong

One of the questions which investors are asking right now is, “Can U.S. real estate prices continue to rise in the face of higher interest rates?
See Original Article

Zillow to feature Canadian listings, eh!

Welcome to Canada, eh! Zillow announced it will be partnering with Century 21 Canada to receive direct listing feed for Canadian listings.
See Original Article

Freddie Mac Prices Largest STACR SPI Deal to Date

Freddie Mac Prices Largest STACR SPI Deal to Date

MCLEAN, Va., June 06, 2018 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB:FMCC) further reduces mortgage credit risk with its second Structured
See Original Article

Could Investors Title Company (ITIC) Go Down? The Stock Formed Ascending Triangle Chart Pattern

It is negative, as 5 investors sold Investors Title Company shares while 21 … Davenport Limited Co stated it has 0% of its portfolio in Investors Title
See Original Article

Steel and Aluminum Tariffs Could Leave Canada's Housing Sector on Shakier Foundation

Tougher mortgage-financing rules, introduced in January, have also hit real-estate markets in many Canadian cities. Sales of existing homes fell
See Original Article

Vancouver's housing market stokes fears of a 'brain drain' of millennials from the region: study

New research shows just how challenged young people in B.C. feel about their finances and housing. A survey by Insights West found 60 per cent of
See Original Article

What's Propelling MabVax Therapeutics Holdings, Inc. (MBVX) to Decrease? The Stock Formed a …

published on May 29, 2018 as well as Prnewswire.com's news article titled: “Johnson Fistel Announces Investigations of Fannie Mae and Freddie Mac
See Original Article

New Tax Laws Have Home Buyers Checking New Places

1, some real-estate professionals say they are beginning to see early signs of … director of luxury sales at Douglas Elliman Real Estate in Palm Beach.
See Original Article

China steel exporters chase buyers in Africa, South America

CHINESE steelmakers are seeking new export destinations in Africa and South America as shipments to their biggest overseas buyers in South-east
See Original Article

Fall in housing prices will be 'quite a bit larger than expected'

In a research note published yesterday, ANZ Bank has warned the steady decline in the country's housing prices wasn't only going to keep dropping,
See Original Article

Trump Commutes Sentence for Drug Offender Backed by Kim Kardashian West

In an interview with Mic released earlier this year, Kardashian West said she'd been moved by Johnson's story after seeing a video by the news outlet
See Original Article

New company aims to maximize equity returns for HUD developers

“MidHudson will provide a quality solution to address cumbersome reserves for HUD-financed housing developments that simply hasn't existed before
See Original Article

The World's Largest Real Estate Companies 2018

Among publicly held real estate owners it has, for the past year, the largest assets ($196 billion), highest revenues ($47.6 billion), third highest profits
See Original Article

3 Crucial Questions to Ask Before Investing in Hyper-Localized Housing Markets

Forget block-to-block comparisons; never has it been truer that the real estate market varies from street to street. Remote due diligence in its
See Original Article

FSD Holdings Says China Stocks Post Monthly Gains Ahead of MSCI's Listing

The buying sentiment also strengthened as China's stocks are poised to debut on a closely followed global index, the MSCI Inc.'s benchmarks, next
See Original Article

Rep. Lance Urges Governing US From the Center Out

Rep. Leonard Lance, a Republican from New Jersey, discusses partisanship in politics and immigration reform proposals. He speaks on “Bloomberg
See Original Article

Mission Viejo Man Sentenced In Major Mortgage Fraud Scheme: DOJ

The Federal Home Loan Mortgage Corporation (Freddie Mac) and the Federal National Mortgage Association (Fannie Mae) purchased dozens of
See Original Article

A New Tetris Game Is Coming to PlayStation 4 and PlayStation VR

The classic game Tetris is getting an update before coming to the PlayStation 4 and PlayStation VR. Rez creator Tetsuya Mizuguchi, maker of Rez
See Original Article

Zillow in New Partnership with Century 21 Canada

Mortgage News Network · National Association of Mortgage Bankers · National Association of Professional Mortgage Women · National Consumer
See Original Article

How to Increase Your Savings With These Well-Known Banking Products

You don't want to keep any extra money in your checking account when you can earn higher interest rates elsewhere using other banking products.
See Original Article

Macron's dream of banking union out of reach

Last week, German chancellor Angela Merkel paid lip service to strengthening the so-called “banking union”, which has transferred power over banks
See Original Article

Shady ICO Issuers Are Taking 'Bags of Cash' to Border, US Says

As hot startups like Uber Technologies Inc. keep their shares off public markets, he noted that the general public is unable to invest in an increasingly
See Original Article

Zell Uses Vulgarity While Saying He Promotes Women on Merit

Zell Uses Vulgarity While Saying He Promotes Women on Merit

Real estate investor Sam Zell, asked at a conference Wednesday about gender diversity and the #MeToo movement, said he has promoted women
See Original Article

Get to know AIVA: Black Knight's AI initiative to focus on originations

… and machine learning developer HeavyWater, Black Knight is turning to its Artificial Intelligence Virtual Assistant to streamline the mortgage process,
See Original Article

Matic Insurance Services CEO Aaron Schiff Named a 2018 HousingWire Rising Star

Now in its fifth year, the HousingWire Rising Stars program honors mortgage industry leaders and innovators under the age of 40. Schiff was profiled
See Original Article

Bloomberg Markets AM: Marvin Loh on Fixed Income (Audio)

Marvin Loh, Managing Director Senior Global Markets Strategist, BNY Mellon, on fixed income. He speaks on Bloomberg Markets AM with Pimm Fox
See Original Article

Frisco's Wade Park ducks foreclosure for fourth straight month

New York-based Gamma Real Estate and Bamcap Partners of Farmers Branch once again didn't go through with threats to sell Wade Park at
See Original Article

Apple workers would pinch Triangle's already tight housing market

Raleigh, N.C. — The Triangle's real estate market is surging, which is good news for sellers but not so much for people looking for a home. An Apple
See Original Article

Real estate mogul: Invest in these 3 rooms to make your home sell faster

To increase the chances of selling your home quickly, start by focusing on three crucial rooms, says real estate mogul Sidney Torres: “The kitchen area
See Original Article

Mortech Launches Predictive Listing Analytics Platform

Lenders can use the Mortech Protection analytics to better target their … customers who intend to move and may need new mortgage financing.
See Original Article

How Cannabis Banking Is a Matter of Public Safety

Cannabis is one of the fastest-growing industries in the United States. However, federally regulated banks are virtually nonexistent in the space.
See Original Article

Amazon rumored to begin offering home insurance

In fact, HousingWire's Editor-in-Chief, Jacob Gaffney, reported in March that Amazon is looking to hire the head of a soon-to-be-announced mortgage
See Original Article

Coinbase Acquires Broker-Dealer in Push to Sell Securities

For this to occur, the regulatory authority FINRA must grant its approval, though a person familiar with the deal told Fortune this is likely to be a
See Original Article

Unchained Capital Raises $3M To Lend Fiat To HODLers

Unchained's first product is a crypto asset-backed loan, which is like borrowing against one's home—except the company lends against digital assets
See Original Article

Pfizer Recall of Opioid Overdose Drug is the Latest in a Series of Shortages and Backorders

Pfizer, a drug giant with more than $52 billion in revenues, is number 57 on this year's Fortune 500 list and the largest of America's pharmaceutical
See Original Article

Banking Roundup: Judge OKs $142M Wells Fargo settlement…Ex-Goldman exec charged with …

The nation's largest banks — such as JPMorgan Chase & Co. (NYSE: JPM), Bank of America Corp. (NYSE: BAC), Wells Fargo & Co. (NYSE: WFC)
See Original Article

Forbes Global 2000: The World's Largest Banks In 2018 And Why They Still Rule The World

take second fiddle to the biggest banks in China and the United States. … State-backed Chinese banking monoliths Industrial and Commercial Bank of
See Original Article

Where are the starter homes?

“For the [real estate] market to work, we need people to move in, and we need people to move up,” Lafayette says. “The dominoes always float uphill in
See Original Article

Timeframe for Penndel Wawa project remains unclear

The developer deposited that sum — 10 percent of Generson's $350,000 agreement of sale — with a title company in late June 2015, after it signed
See Original Article

NASA shopping space station to industry, but Congress isn't buying

U.S. senators from both sides of the political aisle told the White House Wednesday they stand together in wanting the International Space Station to
See Original Article

Small Consumer Drones Could Be Used by Terrorists to Conduct Attacks, Senator Warns

The small consumer drones that now number in the millions in the U.S. pose a growing threat as terrorist and criminals fine tune their use and a
See Original Article

Real estate mogul Sam Zell uses vulgar language when talking about promoting women

One prominent real estate investor shocked some audience members at a conference on Wednesday when he used vulgar language to describe how
See Original Article

Taxify CEO Says Technology Offers Ride-Sharing Price Edge

Taxify CEO Says Technology Offers Ride-Sharing Price Edge

… a $1 billion valuation, price competition in the ride-hailing industry, and expansion plans outside of Europe He speaks on “Bloomberg Markets.
See Original Article

2 Better-Banking REITs With Monster Yields

Banking isn't necessarily a complicated business. And I know this as former banker both in the U.S. and in other markets. You raise capital from
See Original Article

Miners Creep Through Legal Minefield as Brazilian Scales Tip

The future of some of the world's biggest mining operations remains mired in uncertainty after a fatal dam spill helped transform Brazil's relatively light
See Original Article

Forget Goldman, Novogratz Says He's Building 'Drexel of Crypto'

Novogratz partnered with the parent company of this news organization on the Bloomberg Galaxy Crypto Index, which tracks the performance of the
See Original Article

Why Banning Swimsuits Won't Fix Miss America

Suddenly Miss America seems relevant again. The nearly 100-year-old program made headlines this week with the announcement, accompanied by
See Original Article

Paul Ryan Brushes Back Trump 'Spygate' Assertion, Opposes Pardon

Nunes of California told Fox News on Sunday that the FBI “actually targeted a political campaign that was Donald Trump, and that's where I think
See Original Article

Hilco Real Estate Announces June 29 Bid Deadline – Bankruptcy Court Approves The Sale …

NORTHBROOK, lll., June 6, 2018 /PRNewswire/ — Hilco Real Estate, LLC announces the date of June 29, 2018 as the qualifying bid deadline for
See Original Article

Ackman to Fund Pershing Square Buyback With Real Estate Gains

Bill Ackman is planning to use his profits from Philadelphia real estate investments to buy back shares of Pershing Square Holdings Ltd. Bloomberg's
See Original Article

Arch Cap Group LTD (ACGL) Shareholder Fmr Lowered Position by $35.69 Million; International …

… 13/03/2018 – Arch Capital Group Ltd. Confirms Participation in Freddie Mac's New Mortgage Pilot Program; 05/03/2018 Arch Capital Trading Activity
See Original Article

California Seeks White House Meeting on Auto Mileage Revamp

California air-pollution regulators want to meet with Trump administration officials over plans to ease federal auto efficiency standards, saying in a
See Original Article

Tesla Shares Seen as 'Under-Owned,' by Analyst Kallo

Ben Kallo, senior research analyst at Robert W. Baird, explains why he considers Tesla Inc. shares to be “under-owned” as he sees a target price for
See Original Article

Instagram Considers Introducing Long-Form Video, Report Says

Instagram is considering letting users post videos of up to an hour long, according to a Wall Street Journal report, raising the possibility of a major
See Original Article

SALT Lending nonprofit partners with Regis University to offer blockchain class

A blockchain class that's the result of a partnership between blockchain-backed loan provider SALT Lending's nonprofit arm and Regis University
See Original Article

Thailand's Minor to buy stake in Europe hotel chain from China's HNA

BANGKOK — Minor International will buy European hotel operator NH Hotel Group in a deal set to more than triple the Thai company's hotel network to
See Original Article

Is The Modest Rebound In Commercial Lending Sustainable?

In late-2017, some analysts warned that the sliding annual growth rate for commercial and industrial lending in the US would soon turn negative,
See Original Article

Women Rising

This simple statement, which a bank CEO said to Peg Scott during a reception while she was attending the Graduate School of Banking in Boulder,
See Original Article

Mortgage Rates Up To 3-Week Highs

Mortgage rates rose today, resuming an upward trend that began last week after political turmoil in Italy began to die down. More simply put, rates had
See Original Article

Montreal area real estate market growth outpaced other Canadian cities in May

MONTREAL—Montreal area home sales outpaced Canada's other large markets by hitting another record high for May even as the pace of growth
See Original Article

Adriano Moraes vs. Geje Eustaquio title unification rematch co-headlines ONE: Pinnacle of Power …

A title unification bout between flyweights Adriano Moraes and Geje Eustaquio is official for June 23's ONE Championship card in Macau, China.
See Original Article

Cannabis Banking Blues: How Best To Get A Bank Account

In my previous post, I wrote about avoiding the scammers that abound when it comes to cannabis banking. Because cannabis is federally illegal,
See Original Article

CIT Group Exits Reverse Mortgage Space

CIT Group Exits Reverse Mortgage Space

CIT Group Inc. has completed the sale of its Financial Freedom reverse mortgage servicing business and the related reverse mortgage portfolio to an
See Original Article

Does O2Micro International Limited's (NASDAQ:OIIM) PE Ratio Warrant A Buy?

O2Micro International Limited (NASDAQ:OIIM) is currently trading at a trailing P/E of 17.4x, which is lower than the industry average of 24.6x.
See Original Article

Midwest Equity Mortgage, LLC to be Acquired by Celebrity Financial, Inc.

CHICAGO, June 6, 2018 /PRNewswire/ — Midwest Equity Mortgage, LLC, (“MEM”) an Illinois based independent mortgage lender, today announced it
See Original Article

Sam Zell on the real estate cycle, interest rates, and immigration

Zell is known for salty language and strong convictions, so the remarks that follow have been a bit edited and condensed to focus on real estate, the
See Original Article

San Francisco Residents Vote In Favor Of Banning Flavored Tobacco

San Francisco residents, on Tuesday, overwhelmingly voted to ban the sale of flavored tobacco products in the city, the San Francisco Chronicle
See Original Article

Can Renting Build More Wealth Than Homeownership?

“On the heels of information concerning slowing housing starts, rising mortgage rates, decreased demand and unsustainable price increases, these
See Original Article

China steel exporters chase new buyers in Africa, South America

Chinese steelmakers are seeking new export destinations in Africa and South America as shipments to their biggest overseas buyers in Southeast
See Original Article

Fortune 500 list recognizes GPA Midstream and GPSA companies

TULSA, Okla., June 6, 2018 /PRNewswire-USNewswire/ — Twenty nine GPA Midstream Association and GPSA companies joined Fortune Magazine's
See Original Article

Jessica Alba's Honest Co. Gets $200 Million Investment From L Catterton

Honest Co., the baby goods and personal-care retailer co-founded by actress Jessica Alba, is getting a $200 million investment from private equity firm
See Original Article

Banks Should Lead the Way Out of the Payday Lending Trap

For the 40% of Americans who don't have the cash reserves to cover a $400 emergency expense, payday and other high-cost loans may be the only
See Original Article

Cottage country housing market heats up

The cottage country housing market is heating up, Air Canada is partnering with Air China and Apple is now worth $950 billion. 680 NEWS senior
See Original Article

Athenahealth's Bush-Clearing Was Overdue

Let the bidding begin for Athenahealth Inc. The health-care technology company on Wednesday said controversial leader and co-founder Jonathan
See Original Article

Economy Hub: Mortgage rates are set to rise – what you need to know

Could you a handle the interest payments on your mortgage rising by 30 per cent? That kind of rise could be on the cards for many if rates follow their
See Original Article

Well-known former gynaecologist loses €2.5m Dublin home

Mr Donnelly, who appeared with Hugh J. Ward Solicitors for Promontoria, told the court that Dr Rafferty had taken out a loan of €2,530,000 with Ulster
See Original Article

CFPB effectively dissolves Consumer Advisory Board

The Consumer Financial Protection Bureau has effectively dismissed all the members of an outside board that advises the bureau on fair lending, civil
See Original Article

Civil servants can get mortgage at 6% rate in Kyrgyzstan

Prime Minister of Kyrgyzstan, Muhammadkal Abylgaziev, has come up with a proposal to reduce the interest rate on state mortgage crediting from 8%
See Original Article

Montreal housing market hit record high in May, but pace of growth slowed

MONTREAL – The Greater Montreal Real Estate Board says area home sales hit another record high for May, even though the pace of growth cooled
See Original Article

3 Top Bank Stocks to Buy in June

Matt Frankel (Goldman Sachs): Most investors think of Goldman Sachs as an investment bank, and for good reason. The bank has the leading market
See Original Article

First-time homebuyers: Should I rent or buy?

Stability: first and foremost their house is their home, not a landlord's property. It's a place FTHB will call their own. It's an investment in their future.
See Original Article

Union Bank & Trust adds Xenith to the fold

Union Bank & Trust didn't exactly have piles of cash when it started more than 100 years ago, even in today's dollars. The Richmond-based finance
See Original Article

London Mandarin Oriental Hotel Fire Draws 120 Firefighters

London Mandarin Oriental Hotel Fire Draws 120 Firefighters

About 120 firefighters are tackling a fire on the roof of the Mandarin Oriental Hotel, which adjoins the luxury One Hyde Park apartment project in
See Original Article

Trump's Trade War Sets Up a Battlefield Rout

A roundup of recent developments from the front lines of the Great Trade War doesn't look good. President Donald Trump has publicly waffled on his
See Original Article

Democrats Avert Another Would-Be Disaster

If Tuesday was, as NBC's First Read said before the vote counts started coming in, the “ biggest 2018 primary test” for the Democrats, then it appears
See Original Article

Mortgage Banks in The Red For Q1

The Mortgage Bankers Association (MBA) said on Wednesday that independent mortgage banks and mortgage subsidiaries of chartered banks
See Original Article

Ann Arbor lender accidentally declares mortgages delinquent

Home Point Financial Corp., an Ann Arbor-based mortgage lender backed by private equity firm Stone Point Capital, said it accidentally reported to
See Original Article

AfDB approves USD 15 mn loan for better access to mortgage financing in Ghana

The senior loan will have multiplier effects on housing sector industries and employment in the mortgage value chain. (Image Credit: TBDG).
See Original Article

Senate passes bill to boost SBA lending

A bill that would give the Small Business Administration authority to increase the lending cap on its flagship program has passed the Senate.
See Original Article

The Onetti Report: why I'm selling EM and buying short-term debt

Like in the days of the Cold War, when the discussion is about nuclear weapons it is so world changing and mindboggling that the market doesn't
See Original Article

Some Pension Funds Profit From New York Real Estate. Why Doesn't the City's?

Not only do people come to New York City from all over the world. So do pension funds, from other countries and states, buying Manhattan real estate
See Original Article

Homebuyers inflating income on mortgage applications, study says, but don't blame the brokers

Haider Moranis Bulletin: A study found an increase in housing prices increased the incidence of homebuyers exaggerating their incomes on loan
See Original Article

Argentine banking group buys online broker

Errecondo González y Funes has helped Argentine private financial group Grupo Supervielle acquire ownership of online trading platform
See Original Article

North Korea Uses Microsoft and Apple Technology for Cyberattacks, Researchers Say

Get Data Sheet, Fortune's technology newsletter. “Technology resellers, North Koreans abroad, and the Kim regime's extensive criminal networks all
See Original Article

African Development Bank Promotes Better Access To Mortgage Finance In Ghana

Ghana's lower-middle and middle-income earners will now have greater access to long-term affordable mortgage finance. GHL Bank PLC was
See Original Article

Fewer Babies Born in Counties with Soaring Home Values

Now here is one previously unconsidered drawback to increasing home values: The rate of babies being born is dropping the most in counties where
See Original Article

What the California Primaries Signal About the Midterm Elections

… discusses the results of the California primaries with Bloomberg's Shery Ahn and David Westin on “Bloomberg Markets: Balance of Power.” (Source:
See Original Article

You Can Pilot Larry Page's New Flying Car With Just An Hour Of Training

Kitty Hawk, the flying car company founded by Google's Larry Page has a new personal car model coming to a sky near you. The Flyer, a single-seat
See Original Article

These were last month's biggest local real-estate deals (from $400000 to $48 million)

A total of 1,998 real-estate deals were recorded in Erie County last month — and 89 were high-end deals valued at or above $400,000. The Erie
See Original Article

Circle Seeks Banking License, Trading Venue Registration to Expand Crypto Services

Peer-to-peer payments platform Circle Internet Financial Ltd., is pursuing both a federal banking license with the Office of the Comptroller of the
See Original Article

Treasure hunters seek to make a fortune after meteorites hit China

Chinese treasure hunters are raking in a fortune selling meteorites after a ball of fire lit up the sky on the China-Burma border. Villagers living in the
See Original Article

As RBI raises repo rates, builders get a realty check: Who said what

Real estate market is going through a slowdown and home loan interest rates are vital aspect that a homebuyer looks up before purchasing a property
See Original Article

Temasek, Ascendas-Singbridge Group commit Rs 2000-cr investment in logistics, industrial real …

Temasek, Ascendas-Singbridge Group commit Rs 2000-cr investment in logistics, industrial real …

… years of experience in India and we are committed to India's real estate growth story. Given strong domestic consumption trends, investments in high
See Original Article

FBM KLCI up 21.99 points on Astro as banking, O&G stocks rise

Gains in KLCI-linked Astro Malaysia Holdings Bhd besides KLCI-linked banking stocks like Public Bank Bhd and Hong Leong Financial Group Bhd
See Original Article

BIO-key International (BKYI) Stock Price Up -1.2% on Insider Buying Activity

BIO-key International, Inc. (NASDAQ:BKYI)'s share price rose 1.2% during trading on Tuesday following insider buying activity. The company traded
See Original Article

Let's talk about chatbots

To survive in today's market, mortgage lenders and intermediaries need to ensure they are engaging with customers on their terms. This scenario is
See Original Article

Going tribal: A different type of 'know your customer'

Successful fintechs are building tribalism amongst their customers. What does this mean, is it successful and how can lenders make it work for them?
See Original Article

Facebook has another problem; Google faces shareholders, Australia's boom

The country's housing market is showing signs of weakening and consumption … European markets opened mixed, following a mostly positive trading
See Original Article

Abu Dhabi, Qatar among top five global real estate investors- report

ABU DHABI, June 6 (Reuters) – Abu Dhabi Investment Authority (ADIA) and Qatar Investment Authority (QIA) are among the top five real estate
See Original Article

Mariposa Capital CEO Franklin on Trump, Brexit, Newell

Martin Franklin, chief executive officer and founder at Mariposa capital and co-founder at Jarden, discusses the business impact of President Donald
See Original Article

Home prices keep climbing, 4 in 10 markets are overvalued

Lagging supply continues to punish would-be first-time home buyers in many markets as prices keep on rising. CoreLogic says that home prices
See Original Article

Shockingly high Toronto home prices making millennials' hunt for housing a frustrating ordeal

They're not as high as Vancouver — one of the hottest real-estate markets anywhere — but among the world's major cities, Toronto housing ranks as
See Original Article

Circle in Talks With US to Become Licensed Bank, Trading Venue

The venture, partly backed by Goldman Sachs Group Inc., plans to seek a federal banking license to provide more services to customers.
See Original Article

The ECB Is Nearly Done With Its Crisis-Era Playbook

“The bottom line is that this is the end,” said Nick Kounis, head of macro and financial markets research at ABN Amro Bank NV in Amsterdam. “This is a
See Original Article

The Lee Way: Capital One Multifamily Chief Jeff Lee Is an Agency-Lending Powerhouse

With Freddie Mac, the synergies were even stronger in 2017, totaling $3.7 billion in multifamily loans, the seventh-highest total of any of the agency's
See Original Article

Ditech regains profitability after emerging from bankruptcy

… from bankruptcy in February and added the CEO and president titles in April. Ditech's reverse mortgage business had a pretax loss of $12.8 million,
See Original Article

Living In Bizarro World: The Housing Market Is Hot, But Home Sales Aren't Rising

The economy is quite strong. Job gains for 91 consecutive months have brought the unemployment rate to its lowest level since 2000. The latest
See Original Article

Ackman to Put Gains From Luxury Apartments Into Pershing Buyback

While Bill Ackman has suffered losses as a Wall Street stock picker, he's thrived as a Philadelphia landlord. The hedge fund manager personally holds
See Original Article

Bill Gates Is Giving All 2018 College Grads His New Favorite Book—For Free

Bill Gates thinks college graduates shouldn't neglect learning after leaving school. He believes it so much, he's promised to cover the cost of one book
See Original Article

SunTrust passes national mortgage settlement review

The mortgage unit of SunTrust Banks in Atlanta is in compliance with requirements for the national mortgage settlement for the second half of last year.
See Original Article

KFC Plans to Test Out Vegetarian Fried Chicken in the UK

As fast food chains scramble to provide healthier alternatives to traditional menus known for high caloric fries and sugary sodas, KFC U.K. shared its
See Original Article

One of the biggest names in banking is coming to Charleston

New York-based Chase Bank announced Wednesday that will open an office in … About half are in its consumer and community banking group.
See Original Article