Apollo Commercial Real Estate Finance's (ARI) CEO Stuart Rothstein on Q4 2017 Results …

Apollo Commercial Real Estate Finance's (ARI) CEO Stuart Rothstein on Q4 2017 Results …

At this time, I would like to welcome everyone to the Q4 2017 Apollo Commercial Real Estate Finance, Inc. Earnings Conference Call. [Operator Instructions]. I'd like to remind everyone that today's call and webcast are being recorded. Please note that they are the property of Apollo Commercial Real
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NJ Transit Has Worst Monthly Performance Since Penn Station Work

New Jersey Transit in January had its worst monthly on-time rail performance since it was forced to cut service last summer to deal with Amtrak's emergency track repairs at New York Pennsylvania Station. Just 87.5 percent of trains systemwide arrived within six minutes of schedule, NJ Transit's worst
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American Real Estate Partners closes on 1600 Market

American Real Estate Partners has closed on buying 1600 Market St., a Center City office building, for $160 million from Equity Commonwealth. The 39-story, 825,968-square-foot tower is in the heart of the Central Business District and is 84 percent leased. Equity had disclosed in January that the
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Fletcher named Blue Water Mortgage VP

Fletcher has been a loan officer for Blue Water Mortgage since 2010 and has primarily focused on residential loans for home buyers in Maine, New Hampshire and Massachusetts. Over the last eight years, he has helped countless buyers find the right financing program for their first homes, second
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MassHousing to Provide $10.6M in Financing for 111 Units in East Boston

Ninety-six units at Landfall were originally financed under the state's Section 13A housing affordability program, making them a risk to lose affordability. The Section 13A program was created by the Massachusetts Legislature in the 1970s to provide low-interest mortgage financing to affordable housing
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Trump 'Strongly' Favors Imposing Online Sales Tax, Mnuchin Says

Trump has previously gone after Internet giant Amazon.com Inc., saying last year that it does “great damage to tax paying retailers.” Amazon began collecting sales taxes on purchases in all states that levy them earlier last year, despite an exemption that allows online retailers to avoid collecting them in
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BMO Harris names Canadian exec to lead US personal, business banking

The $109 billion-asset bank appointed Erminia (Ernie) Johannson as group head of U.S. personal and business banking. In addition to leading BMO Harris' U.S. strategy for personal and business banking, she will also have oversight of North American retail and small- business payments, and the
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Blame the Flu Epidemic on a Weak Vaccine

This season's shot is struggling to protect against a resilient strain that's killed thousands of Americans. A new CDC report explains why. By. Ivan Levingston. @IvanLevingston More stories by Ivan Levingston. February 15, 2018, 10:00 AM PST
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Tighter Mortgage Rule Leads to Slow Start to 2018 for Canadian Real Estate

Canada's housing markets showed signs of cooling in January, mainly in response to new mortgage rules effective on the first day of 2018. Across the nation, there were 39,609 seasonally adjusted residential sales in January, the lowest monthly level in three years, according to a report released
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How Bank Secrecy Act Affects Lending To Foreign Borrowers

Law360 (February 15, 2018, 2:02 PM EST) — U.S. real estate has become a very attractive investment for overseas investors. This trend has directly affected many financial institutions and nonbank lenders that now have greater opportunities to offer financing to borrowers with little to no ties to the United
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Trump Calls for Action on Mental Health After Shooting, Gives No Specifics

President Trump urged action on mental health issues as he addressed Wednesday's school shooting in Florida. President Donald Trump said that the nation should take unspecified action on mental health issues on Thursday, the day after a shooting at a Florida high school that killed 17 people and
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Freddie Mac: 30-Year Reaches Highest Level Since 2014

Mortgage rates continued their upward climb this past week, with the average rate for a 30-year, fixed-rate mortgage rising to 4.38%, up from 4.32% the previous week, according to Freddie Mac's Primary Mortgage Market Survey. That's the highest average rate for a 30-year fixed mortgage since April
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Jon Favreau Lending His Voice To Solo: A Star Wars Story

He might be busy working on the new, CG-focused version of The Lion King for Disney's main feature arm, but that hasn't stopped Jon Favreau taking a quick break from directing and switching back into acting for another corner of the Mouse House's movie universe. As Ron Howard relays on Twitter,
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Title Washing: The Case of the Disappearing Mineral Rights

In 2011, Woodhouse brought its own action to quiet title against Hoyt Realty, a Colorado company making claim to the property's mineral rights reserved by the current Hoyts' ancestors in 1893. To support their position, Hoyt Realty pointed to the 1893 deed in which the five brothers reserved the severed
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California Latinos make up small fraction of mortgage market

Latinos are the largest ethnic group in California but a new analysis reveals they make up just a fraction of people applying for conventional home loans and were more likely to be denied loans in two rural Northern California metro areas. A national analysis by Reveal from The Center for Investigative
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Fannie/Freddie Need Your Money Again, But Not Like They Used To

While the prospect of Fannie Mae and Freddie Mac needing taxpayer money conjures up images of a failing mortgage market requiring a government bailout, that's very far from the case this time around. In fact, taxpayers continue to come out way ahead with respect to the GSEs' conservatorship
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Russia Blocks Critic's Site, Warns Google About Billionaire Yacht Videos

Russia ordered a ban on access to opposition leader Alexey Navalny's website and warned Alphabet Inc.'s YouTube to comply with demands to remove videos showing billionaire Oleg Deripaska on a yacht with a deputy prime minister and a woman described as an escort. The Roskomnadzor
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School Shooting Suspect Belonged to White Nationalist Group

Parkland, Fla. (AP) — An orphaned 19-year-old who participated in paramilitary drills with a white nationalist group was charged with murder Thursday in the deaths of 17 people who were fatally shot at a huge Florida high school in the nation's deadliest school attack in five years. Nikolas Cruz legally
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GSE reform isn't dead, but it isn't going anywhere either

Groups on both the left and right have been unwilling to support the draft plan, and even though the focus may be shifting quickly to what the Trump administration can do without a bill to reform Fannie Mae and Freddie Mac, clarity on what an administration plan might look like has also been lacking.
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Barrick Cuts Gold Output Forecast for Eighth Potential Drop

The Toronto-based miner is predicting its eighth straight decline in annual production as it takes less gold out of the ground at its main mines. The company expects to produce 300,000 fewer ounces in 2018 than it had previously forecast. It now projects total production will be 4.5 million to 5 million
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