China's New Rules Target Online Micro-Lenders

China's New Rules Target Online Micro-Lenders

The Chinese government's financial regulators have distributed new rules to local governments, targeting the fast-growing online micro-lending industry. According to news from Reuters, under the new rules, unlicensed organizations and individuals are not allowed to conduct a lending business.
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Will the mayor and City Council's new agenda stymie development?

Since taking office nearly four years ago, Mayor Bill de Blasio has had a love-hate relationship with New York's real estate industry, to say the least. The Real Deal detailed that ambivalence in a February 2016 cover story, in which real estate execs explained how the mayor sought to extract concessions
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State Street Corp Raises Position in Digi International Inc. (DGII)

State Street Corp increased its position in shares of Digi International Inc. (NASDAQ:DGII) by 5.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 729,474 shares of the technology company's stock after buying an additional
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Ask 411 Wrestling: Why Do Wrestling Companies Do Stable Reunions?

A guy who replaced me in a title match won the title, which turned me heel and saw me win the title off the guy who replaced me, and then later on the inverse happened when someone replaced me in a title match and that turned me face. I debuted in one company on the night of a major birth.
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Google's New Android App Will Help Curb Your Data Use

While most phone carriers offer unlimited data options these days, there are still times where you might want to curb your data use. When you're traveling out of the country, you're typically limited in the amount of data you can use before having to shell out huge roaming fees, and even those “unlimited”
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Real estate notes

With this partnership, a Coldwell Banker Residential Brokerage in Connecticut affiliated agent can easily recommend a loan officer affiliated with Guaranteed Rate Affinity to offer personalized guidance from the mortgage loan application process through the home closing. Additionally, Guaranteed Rate
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Mortgage Rates Friday: Rates Steady, Residential Spending Up

The average rate on a 30-year fixed-rate mortgage was unchanged, the 15-year fixed rate was up one basis point, and the 5/1 ARM rate was unchanged, according to a NerdWallet survey of daily mortgage rates published by national lenders Friday. The 30-year fixed-rate mortgage is the same as it was
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Dallas' Forest Theater rehab efforts get a welcome boost by the Real Estate Council

The Real Estate Council Foundation has awarded three community partners $1 million in grants and pro bono professional services to help them rehabilitate the old Forest Theater in South Dallas. The award goes to a team including CitySquare, Cornerstone Baptist Church and St. Philip's School and
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Federal appeals court rules real estate agents must make data available

The Federal Court of Appeal has upheld a previous ruling that Canada's largest real estate board must allow its realtor members to make home sales data available online, in a precedent-setting case that could enable agents across the country to introduce new online services. The decision against the
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China's debt crackdown affects cash lending companies

China Rapid Finance Ltd, an online micro-lender that raised $60mn in an April listing on the New York Stock Exchange, defended its cash loan business. In a statement, it said that its target customers have little or no history with China's credit bureau, but that they “are prime and near-prime borrowers”,
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Black Knight launches robotics capabilities to assist lenders

Black Knight recently announced it launched new robotics capabilities to its LoanSphere Empower loan origination system. Black Knight explained the new capabilities will allow lenders to help their clients through automation and enhance overall operational efficiencies through the loan production
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St. Louis housing market currently "tight"

If you are looking to buy or sell a home in St. Louis, the market is tight right now. A tight market means there are not many houses for sale. The houses that are selling cost between $150,000 and $225,000. Central Bank advises first-time home buyers to avoid the “do it yourself” trap. The bank says in a
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Atrium Mortgage Investment Corporation Announces December 2017 Dividends and 2018 …

Toronto, Ontario–(Newsfile Corp. – December 1, 2017) – Atrium Mortgage Investment Corporation (TSX: AI) is pleased to announce that its board of directors has declared a dividend for the month of December 2017 of $0.073333 per common share, to be paid January 12, 2018 to shareholders of record
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The mortgage interest deduction subsidizes housing for people who don't need the help

Along with the complication of following tax rules for clergy, we now have a compelling reason to itemize our deductions: the mortgage interest deduction, also known as the most significant way the federal government subsidizes housing. In November, House Republicans passed a tax-reform bill.
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Data Wars

In the last week of October, commercial real estate brokers all over the country received a package via snail mail from CoStar Group. Inside was the informational equivalent of a dirty bomb — the latest salvo in the data giant's legal battle against its main rival, Missouri-based Xceligent. When brokers
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International Game Technology (IGT) Stock Rating Upgraded by Argus

International Game Technology logo International Game Technology (NYSE:IGT) was upgraded by analysts at Argus from a “hold” rating to a “buy” rating in a report issued on Wednesday. The brokerage presently has a $35.00 target price on the stock. Argus' price objective points to a potential upside of
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Court rules Toronto-area real estate agents can publish price details

Toronto-area real estate agents will be allowed to publish details about home sales prices under a Federal Court of Appeal ruling released Friday in a long-running battle over data privacy. The federal court ruled that the Toronto Real Estate Board cannot prevent its members in the Greater Toronto Area
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Twitter Changes Reason to Allow Trump's Anti-Muslim Retweets

The company also plans to update its verification policy, after drawing intense criticism for verifying the account of Jason Kessler, who is credited with orchestrating the white-supremacist rally in Charlottesville, Virginia, earlier this year. Bloomberg LP is developing a global breaking news network for the
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Sask. still has worst non-mortgage delinquency rates in Canada: credit reporting agency

Non-mortgage debt amounts are higher in Saskatchewan, too, at an average of $24,783 per consumer. The Canadian average is $22,413 in non-mortgage debt, TransUnion says. Saskatchewan also trends higher for credit card debts, which Fabian attributed to the way people prioritize their debt
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Bend-Redmond fell from top 20 home price climbers

The index is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac. The Bend-Redmond metro area, which ranked No. 9 in the second quarter, dropped to No. 52 in the third. Home prices increased by 9.09 percent in the year ending Sept.
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