The PATH Act proposed to wind down Fannie Mae and Freddie Mac within five years and eliminate the government-sponsored enterprises' (GSEs') guarantee on mortgages. The mortgage industry was strongly against the PATH Act. The bill was widely viewed as dead legislation. But so long as
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Rising rates have resulted in lower credit offtake for commercial banks (XLF) over the past couple of quarters. The Fed has indicated further rate hikes in 2018, and with tax rates cuts being passed by the US Senate, banks could see subdued credit offtake in the medium term. However, growth could be
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Barclays has become the latest major lender to allow first-time buyers to borrow money to buy a property to let rather than to live in. It joins NatWest and a number of smaller building societies in offering buy-to-let mortgages to younger buyers who do not already own property. This sort of offer, the bank
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Canberra is experiencing a different story from the instability it endured a few years ago. In an outlook for the city, Domain Group Data Scientist Nicola Powell said the market has performed well in the year and sellers have a good reason to be bullish, with the March quarter reflecting the highest annual
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China has started building refugee camps on the North Korean border, in what the New York Times interprets as a sign of real fears of a war between the rogue state and the U.S.. The revelation, which originally came via the microblogging site Weibo, came the same day as Secretary of State Rex
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Mallard Crossing in Louisville, Ky., features indoor and outdoor basketball courts, a theater room, two swimming pools, grilling deck, sauna, two dog parks and tennis courts. LOUISVILLE, KY. â KeyBank Real Estate Capital has arranged a $73.3 million Freddie Mac loan for the acquisition of Mallard
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It's typically around this time each holiday season that panic sets in for some buyers about whether gifts they have ordered will be delivered on time. Websites have started warning customers of the last day they should order to ensure their packages arrive before Christmas. But the surge in holiday
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… left, and Travis Burt co-founded Emerald Isle-based tech company Transportation Impact in 2008 during an economic downturn, but have since grown the company to about 50 employees and $31 million in revenue. The company was named a runner-up for Business North Carolina magazine's title of
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Edmonton is expected to see a dip in housing prices in 2018, according to a forecast by Royal LePage Market Survey Forecast. The real estate company predicts home prices in the city will drop by 1.5 per cent in 2018. The report released Wednesday morning anticipates the average home price will end
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The Bank of England plans to remove “gendered language” from its regulation of managers in the banking and finance sectors. The Bank's Prudential Regulation Authority (PRA) will change the Senior Managers and Certification Regime (SM&CR), the rules governing who bankers, insurers, and other
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Houston's Oil States International said it will buy fracking technology company GEODynamics for $525 million to help stay ahead of North American energy trends. The Houston oilfield services firm aims to take advantage of GEODynamics' specialties at shale rock perforation technologies to better
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The red-hot Thurston County housing market, which produced month after month of double-digit sales gains over last year, finally hit a cooler stretch in November, according to recently released Northwest Multiple Listing Service data. The result was that sales of single-family homes fell nearly 2 percent
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Crowdfunding sites like Kickstarter (kickstarter, +0.00%) and Indiegogo raised start-up cash for a generation of online entrepreneurs, but one increasingly visible method of internet-sourced financing seemed to have slipped their noticeâuntil now. This week, Indiegogo is making its first foray initial coin
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COLUMBUS, Ohio, Dec. 13, 2017 /PRNewswire/ Sustained, rapid home appreciation is weakening the near-term outlook for the U.S. housing market, according to Nationwide's latest Health of Housing Markets Report (HoHM Report). “The biggest concern with regard to the housing market in 2017,
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Prime Minister Narendra Modi during a speech at the Annual General Meeting (AGM) of the Federation of Indian Chambers of Commerce and Industry (FICCI) on Wednesday said the government was taking steps to address the poor state of banks in the country, and that noise around the
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CNN said on Wednesday that someone hacked the Twitter account of cable news anchor Anderson Cooper and insulted Donald Trump in a response to one of the president's tweets about last night's senate race in Alabama. The post in question, which has been deleted, called Trump a âpathetic loserâ
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Once all that was sorted out, we added a debit card function to his account and moved to online banking, and I started paying even greater attention to our accounts. I was happy to leave mine as a checking account at the ready for whatever personal expenses struck my fancy. (Yes, in some ways I'm a
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Now Nesta has announced the names of the challenge's 10 finalists, who were chosen by an impressive panel of judges including Open Banking Limited's Imran Gulamhuseinwala. Each will each receive a cash award of £100,000, as well the opportunity to compete for further prizes of £2.5m. (Neither
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The number of single-family homes that used as rental properties increased by 5 million between 2006 and early 2017, according to new data by Zillow. As a result of this shift toward renting out single-family houses, approximately 270,000 fewer homes are being sold each year compared to 2006,
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BEIJING (Reuters) – China will relax requirements for foreign banks to take retail yuan deposits and allow them to do business in government bonds, the banking regulator said on Wednesday, in its latest move to open up the financial sector. For decades, China has carefully controlled the activities of
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