Bank lending expanded 19%, money supply (M3) at P10.6 trillion in 2017

Total bank lending at end-2017 amounted to P7.18-trillion net of reverse repurchase placements with the BSP. With RRPs, outstanding loans went up by 18.1 percent to P7.45 trillion. In net and gross RRPs, bank lending registered a slower pace of growth compared to November's 19.3 percent and 18.4
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The average interest rate on a 30-year fixed-rate mortgage in December was 3.95%, according to Freddie Mac. News Corp, owner of The Wall Street Journal, also operates Realtor.com under license from the National Association of Realtors. Write to Sharon Nunn at sharon.nunn@wsj.com. (END) Dow
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ARRIS International logo Equities research analysts at Loop Capital assumed coverage on shares of ARRIS International (NASDAQ:ARRS) in a report released on Monday. The firm set a “buy” rating and a $35.00 price target on the communications equipment provider's stock. Loop Capital's price target
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Florian Groeger, who works for the reliable Ruhr Nachrichten, has even managed to get a video of it all happening. Over in East London, West Ham are watching the scene unfold with a keen interest. It seems that tactic has worked as the Mirror are now reporting that Chelsea believe they have reached
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Old Republic International logo Old Republic International (NYSE:ORI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday, January 24th. The firm presently has a $23.00 price target on the insurance provider's stock.
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But mortgage giant Freddie Mac said last week that the average rate on a 30-year fixed mortgage rose for a third straight week to 4.15%. That's the highest average rate since March. The number of signed contracts rose in the South and West in December but declined in the Northeast and Midwest.
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Zopa has become the first consumer peer-to-peer lending platform to hit the £3bn lending milestone. The news comes after the platform experienced a highly successful 2017, lending a total of £985m to low risk UK borrowers over the year, which represents a 43 per cent increase on 2016's data.
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Grayscale describes Zcash's attributes as “similar to precious metals, BTC [Bitcoin], and ETC [Ethereum Classic], making it an inflation hedge over long-term investment horizons.” (Fortune detailed this argument—the analogy between cryptocurrencies and gold—in depth for a January cover story.).
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Caceis' web platform, Tailored Electronic Exchange Platform for Investors (TEEPI), now enables clients to meet new regulatory obligations linked to Packaged Retail and Insurance-based Investment Products (PRIIPs) and the second Markets in Financial Instruments Directive (MiFID II). As part of change
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BUCHAREST (Romania), January 31 (SeeNews) – The European Bank for Reconstruction and Development (EBRD) said on Wednesday it is providing a 15 million euro ($18.6 million) loan to Libra Internet Bank for the development of small businesses in Romania. Libra Internet Bank will use the loan
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Things are changing for women in the startup and venture capital world. Last year, a handful of them came forward to share their stories of facing sexual harassment and discrimination—and a number of the industry's powerful men, including Binary Capital co-founder Justin Caldbeck, 500 Startups
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Polish banks granted PLN 15.4 bln in corporate loans in December, up 31.4% y/y, while mortgage lending declined 6.8% y/y, data from the central bank showed.
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The very top of New York's real estate has sagged over the past two years as a series of new buildings aimed at the world's richest has flooded the market. “The [Manhattan] market is softer at the top and then gets tighter as you move lower,” says Jonathan Miller, president and chief executive officer of
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Australia's banking sector is continuing to write mortgages with gusto, with lending for home loans growing at more than three times the pace of … The rules, introduced by APRA in March, forced banks to limit interest-only lending to 30 per cent of all new business and hold to a 10 per cent growth cap on
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Supplemental insurer Aflac Inc. (NYSE:AFL) has increased its stake in CRE financing provider NXT Capital by $75 million. As part of the expanded relationship, NXT Capital will manage a portfolio of commercial real estate mortgage loans for Aflac. Last spring, Aflac Global Investments, Aflac's asset
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Vetr raised International Business Machines from a buy rating to a strong-buy rating and set a $165.26 target price for the company in a report on Wednesday, November 15th. Zacks Investment Research cut International Business Machines from a hold rating to a sell rating in a research report on
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Combined Fannie Mae and Freddie Mac multifamily loan purchase volume reached a new record of $139 billion in 2017–up from $112.6 billion in 2016. CBRE's Loan underwriting was slightly more aggressive in Q4 2017, as average loan-to-value ratios rose while debt yields fell. The percentage of
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Our Lifetime Mortgage TV ad. 31 Jan 2018. Our latest TV advert is memorable, engaging and (crucially) doesn't conform to the stereotype of older age which is often portrayed in advertising. The campaign can be seen on a range of channels including ITV3, Channel 4, Dave and Really. The press
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Although the December gain in sales, reported on Wednesday by the National Association of Realtors® (NAR) was a slim one, it made three … Jobs are plentiful, wages are finally climbing and the prospect of higher mortgage rates are perhaps encouraging more aspiring buyers to begin their search
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Elon Musk has now made nearly $9 million from the sale of flamethrowers—and his Boring Company is nearly sold out of the product. But Musk's product has just hit a bump in the road. A California assemblyman says he intends to introduce legislation that would prevent the sale of the sought-after item.
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