“There's a True Housing Market Shortage Coming”

“There's a True Housing Market Shortage Coming”

Beth O'Brien is President and CEO of CoreVest Finance, a private lender to residential real estate investors. Under O'Brien's leadership, CoreVest has closed $3 billion in loans in the investor loan market and has financed more than 20,000 investment properties. Previously, O'Brien was EVP at
See Original Article

Zameen's market report for February

The property market in February for all four major cities presented a mixed picture of moderate growth and stability, showing the steady recovery of the real estate market from previous events. Very few drops were present, and were moderate. The upcoming elections have investors waiting to see what
See Original Article

Post Office Savings Account Customers To Soon Avail Digital Banking Service

“IPPB is governed by the Reserve Bank of India and banking service of post offices comes under the finance ministry. IPPB customers can use NEFT, RTGS and other money transfer services as available for any banking customers. Once post office savings bank accounts are linked with IPPB, customers
See Original Article

California Looks at Housing Policy at the Local, State, and Federal Levels to Lower Costs

Stockton Williams, ULI executive vice president of content and executive director of the Terwilliger Center for Housing, kicked off the event with a discussion of the current state of the Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac),
See Original Article

SoFi hires former Goldman Sachs head of mortgage securitization as new CFO

… completing $2.6 billion in loan securitizations in the first quarter of 2018 – an increase of 35% over the first quarter of 2017. Now, it looks like SoFi may be making a bigger move into securitizations by hiring the former head of mortgage securitization at Goldman Sachs as its new chief financial officer.
See Original Article

This Virtual Physical Therapy Is Better and Cheaper Than the Old-Fashioned Kind, Study Says

Digital tech is slowly but surely creeping into the medical sphere. Just consider the ways in which patients are clamoring for more telemedicine and virtual doctor visit options while medical schools are harnessing virtual reality systems like Microsoft's Hololens to teach anatomy to young surgeons. Now
See Original Article

PayPal is Offering Banking Features, But Doesn't Have a Banking License

Bank of PayPal, anybody? Well, according to a report by the Wall Street Journal, the payments company has been reaching out to certain customers to add certain banking features PayPal is offering. Through PayPal digital wallet, the payments platform is offering Federal Deposit Insurance Corp.
See Original Article

A balanced portfolio with just one fund? It can be done

“These days there are hundreds of ETFs in Canada and thousands globally, which makes it more time-consuming to develop a balanced portfolio and easier for do-it-yourself investors to get themselves in trouble trying to get fancy,” says Jason Heath, a certified financial planner and managing director
See Original Article

Think you'd be great on 'Wheel of Fortune'? Here's how to audition in Raleigh and Durham.

All it could take to get a spot on the longest-running syndicated game show in U.S. history is an afternoon spent at the mall — plus a little luck. The “Wheel of Fortune” Wheelmobile will be at Raleigh's Crabtree Valley Mall (4325 Glenwood Ave.) on Saturday, April 14, and at Durham's Streets at Southpoint
See Original Article

Real Estate Returns Rebounded in March: Nareit

“Investors in the past month have become more aware of the value proposition real estate offers relative to other segments of the stock market,” Nareit's president and CEO, Steven Wechsler, said in a statement. “The REIT industry is continuing to generate earnings and dividends growth.” Wechsler noted
See Original Article

Something strange is happening with Japan's bond market: Hardly anyone is trading it

One possible consequence for international markets is lower yields globally. “Japanese investors, because they have a hard time getting ahold of those bonds, they're increasingly looking for alternatives,” said Brian Nick, chief investment strategist at Nuveen. That likely includes German bunds and U.S.
See Original Article

LoanLogics Named to HousingWire's Tech 100 List

TREVOSE, Pa., April 09, 2018 (GLOBE NEWSWIRE) — LoanLogics, a recognized technology leader in loan quality management and performance analytics, is proud to announce that it has been named to HousingWire's fifth annual HW Tech100 list for 2018. LoanLogics has made the list every year
See Original Article

Deutsche Bank's New CEO Takes Sober Look at 'Ugly' Investment Bank

Reuters. FILE PHOTO: Christian Sewing, member of the board of Germany's Deutsche Bank is pictured in Frankfurt, Germany, February 2, 2018. … “They've had to come around and painfully admit their investment banking baby is quite ugly,” said Octavio Marenzi, CEO of consultancy Opimas. “That's an
See Original Article

Freddie Mac names Christopher Herbert to board of directors

“We are very pleased that Chris is joining the Freddie Mac Board,” said Christopher Lynch, Freddie Mac non-executive chairman. “His deep understanding of housing issues and policy will help the Board advance Freddie Mac's mission to support the stability of the housing market and promote housing
See Original Article

Stock Market Continues to Drop – Market Update

Mortgage rates again moved in the right direction this week, according to Freddie Mac's survey, falling from the second consecutive week. This has been a bit of relief from the recent trend toward higher numbers in the rate column. If you see a rate you like at this point, now's a good time to jump on the
See Original Article

Deutsche Bank AG Has $6.56 Million Stake in Schweitzer-Mauduit International, Inc. (SWM)

The firm owned 144,679 shares of the company's stock after purchasing an additional 5,059 shares during the period. Deutsche Bank AG owned 0.47% of Schweitzer-Mauduit International worth $6,561,000 as of its most recent SEC filing. Several other institutional investors have also recently bought
See Original Article

Fintech Firms MyBucks, Naga Strike Africa Alliance

Under the planned agreement, which could be announced as early as this week, MyBucks will offer Naga's cryptocurrency wallet — a mobile payment technology — to its 1.5 million clients in Africa, Australia and other markets, said the people, who declined to be identified because the information is
See Original Article

BankThink What the government gets wrong about fair lending

There's been an ongoing debate about Home Mortgage Disclosure Act reporting requirements as a result of a measure included in the Senate's regulatory relief legislation. It would be useful if these discussions were informed by an understanding of some of the anomalies involved in fair lending
See Original Article

PayPal is starting to offer more traditional banking services like debit cards and depositing checks

PayPal is looking to expand into something closer to a real bank, according to a report in The Wall Street Journal. It's beginning to roll out more traditional banking services to customers, including ATM-compatible debit cards, direct depositing paychecks, and FDIC insurance. How PayPal can actually do
See Original Article

Developers and Tech Industry Blamed for Bay Area Housing Woes

The XXL-price tags on real estate coupled with the evaporation of affordable homeownership opportunities in California's Bay Area is being blamed on local real estate developers and the region's tech industry, according to a new poll from the Silicon Valley Leadership Group. CBS San Francisco
See Original Article

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.