After $38.5 million bailout, SUNY Poly real estate arm has surplus

After $38.5 million bailout, SUNY Poly real estate arm has surplus

After getting approval for a $38.7 million state bailout to pay its lenders, the real estate arm of SUNY Polytechnic Institute will have a budget surplus this year. The board of directors of Fuller Road Management Corp. met Wednesday morning and revealed a $313,359 surplus for the 2017-2018 budget
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Councils can help fix a broken housing market

In a single generation, the language in housing policy has gone from 'right to buy' to 'generation rent' and 'sofa-surfing,' as hard-working young people find they simply cannot get a start on the housing ladder. It's become a familiar tale. Council house sales were never replaced with enough new stock.
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Housing market in 2018 likely to be more of the same

Early forecasts of next year's housing market exhibit trends that will look familiar to builders and realtors. Although they vary somewhat in the details, the forecasts predict yet another year of tight inventories, rising prices and low rates of home ownership. These trends will be ameliorated somewhat, but
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The outlook for house prices

Political noise will remain a key influence on home-buying sentiment and unless positive political change occurs to drive confidence, 2018 looks to be another sub-5% growth year, translating into house price declines in real terms. “2018 is expected to bring more of the same in terms of being another
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Nordea Open Banking is live

During the autumn, Nordea's Open Banking team has worked together with more than 1,000 external developers, who have tested and given feedback on the open APIs and associated services. Nordea is now ready for the next step as the bank today connects the APIs to the production system and
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Planning To Buy A Home? 5 Things to Know About The 2018 Housing Market

Are you thinking about buying a home in 2018? You're not alone! Across the country, lots of people are trying to decide whether to make that leap into homeownership next year. So, since 2017 is coming to a close, we decided to write up our thoughts on where the housing market stands today and what
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Lending your voice can help end assault, domestic abuse

We keep hearing the same story with different names: Matt Lauer, Garrison Keillor, Harvey Weinsten, Kevin Spacey, Louis C.K., the list goes on. Dozens of powerful men have been held accountable for their actions and crimes, which have ranged from sexually inappropriate to violent. And for perhaps
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Lender announces acquisition

“Veterans First Mortgage specializes in VA lending, primarily for new home purchases, which is fairly unique to the consumer direct lending business,” Wintrust said in a statement. “The acquisition is expected to bring to Wintrust Mortgage a robust platform that integrates CRM technology, customized
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Fannie, Freddie to hold off on evictions during the holidays

Meanwhile, Freddie Mac said the moratorium applies to all foreclosed, occupied homes. The holiday suspension will apply to eviction lockouts on Freddie Mac real estate-owned homes but will not affect other pre- or post-foreclosure activities. Freddie Mac also confirmed that it has suspended all
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DocMagic's Jonathan Kearns Appointed to MISMO Committee

Jonathan Kearns, Senior Vice President of Technology Solutions at eSignSystems, a division of DocMagic, has been appointed to the Mortgage
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Never-lived-in house on North End sells for $5.6 million

Darrell Hofheinz writes about real estate in his weekly “Beyond the Hedges” column. He welcomes news items about Palm Beach real estate for this
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A New Letter in Uber's Courtroom Fight Against Alphabet's Waymo Raises Questions About a …

Uber Technologies's former chief executive and some board members knew of a letter a U.S. judge has said was withheld from a high-stakes lawsuit,
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American Airlines Scheduled Too Many Pilot Vacations to Cover Its Holiday Week Flights

Fortune contacted American Airlines for comment, but has not heard back as of publication. The scheduling snafu caps off what has been a tumultuous
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Mortgage Rates Remain Low

Information provided by the Federal Housing Financing Agency (FHFA) indicates that mortgage rates on purchases of newly built homes fell by 5 basis
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Encore Wire Corporation (NASDAQ:WIRE) Shares Bought by Granite Investment Partners LLC

Granite Investment Partners LLC boosted its holdings in Encore Wire … and industrial buildings, homes, apartments, and manufactured housing.
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The Latest on Trump's Anti-Muslim Video Retweets

A White House spokesman is defending President Donald Trump's retweets of videos purporting to show violence being committed by Muslims,
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Blankenship Plans to Run for Senate in West Virginia

Donald Blankenship, the former Massey Energy chief executive who went to prison in the wake of a 2010 mine explosion that killed 29, plans to run for
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Flagstar Bank begins offering eNotes for warehouse lending

The bank announced Wednesday that it is now accepting eNotes for its warehouse lending transactions. As previously noted in this blog, an eNote is a term generally used for the actual mortgage documentation and is most frequently used in conversations regarding the electronic storage of the digital
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The Supreme Court Is Weighing If Police Can Get Cell Phone Data Without a Warrant

U.S. Supreme Court justices raised concerns on Wednesday about the ability of police to obtain information on the past locations of criminal suspects
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Prosecutors Seek 30-Year Sentence for Menendez's Co-Defendant

A Florida eye doctor whose bribery trial with Senator Robert Menendez ended in a deadlock deserves 30 years in prison for his earlier conviction in a
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