China is about to have its first new central bank governor in 15 years. Zhou Xiaochuan on Friday presided over what was presumed to be his last press conference as head of the People's Bank of China. His successor, expected to be named on March 19, will be charged with controlling credit growth,
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The platform is integrated with both Fannie Mae and Freddie Mac so participants can easily and quickly obtain loan-level pricing on conventional loans, including all pay-up options. âResitrader has become 'The Marketplace' for our whole loan trades because it really streamlines the entire process,â said
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There's too much momentum and too little debt for rising interest rates to derail the U.S. economic expansion or drive up the cost of home ownership. That's the conclusion from economists arguing that this time really is different for an American economy facing the prospect of higher interest rates.
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Last minute changes: Sen. Bob Corker, R-Tenn., has proposed removing a passage from the Senate Dodd-Frank rollout bill that would allow some large banks to escape a special capital surcharge. Some critics charge that would increase the risk of those banks getting into trouble and creating another
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Last week the 30-year fixed-rate mortgage averaged 4.46 percent, Freddie Mac says. However, that average will likely increase as the Federal Reserve has said it plans to increase short-term interest rates at some point this year. Experts say that could see mortgage rates rise at least three times this year
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The famed entrepreneur has hired several staffers and writers at The Onion to work on a secret project, The Daily Beast is reporting. Among the new hires is former editor in chief of The Onion Cole Bolton, as well as former executive editor Ben Berkley, according to the report. They are apparently leading
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When considering your personal banking relationship, it's important to ensure, fundamentally, your financial picture is comprehensive; adept in both your short-term and long-term objectives and nimble enough to meet your evolving financial needs.
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Matrix Partners India has invested in Avail Finance, a Bengaluru based online lending platform. In addition to Matrix Partners India, Bhavish Aggarwal and Ankit Bhati, Ola's cofounders, Binny Bansal, cofounder and group CEO of Flipkart, Kunal Shah, founder of Freecharge; and Manish Patel, founder
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In the blood sport of Manhattan luxury real estate, Donna Olshan keeps the official box score. But her status as the authority on contracts activity is being challenged. Every Monday, the city's residential real estate players check their inboxes for Olshan's must-read tally of contract activity on homes asking
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WebMax, a digital mortgage solution provider, and FinLocker, a financial data and analytics platform, announced today that they finalized a partnership as a result of successful execution on their five joint customers. The partnership aims to build on 17 months of collaborative efforts to further propel
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In Hammond, Mayor Thomas McDermott Jr. says he feels a variety of factors have led to an upward trend in the city's housing market which he says ha…
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âNorthMarq was able to help the borrower secure long-term financing with Freddie Mac with two years of interest only at an attractive rate before the increase in treasury rates. This allowed the borrower to pay off their debt service and prepayment penalty while also helping to recover trapped equity
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She started selling Australian baby goods to friends while living in China and set up an online store on Tmall Global after returning to Australia in 2014. “[At Jessica's Suitcase] we'd been through our fair share of what they call TPs like eCargo,” she said. “They seem to fall into two categories at the
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With access to precious metals, private equity, and even real estate within a retirement account, Self-Direction makes it possible to diversify a portfolio and hedge against the stock market. As American IRA recently noted at the American IRA blog, there is another craze outside of the stock market that is
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The country's one-time biggest mortgage lender's â¬40 million profit for the year compared to a â¬266 million loss for 2016, which included a significant loss from the sale of the remains of its non-core UK loan book. The return to profit was helped by a surge in new lending and increase in margins on loans
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Three of the biggest winners, in a bill meant to help small and midsize banks, are anything but. The bill, championed by Senate Banking Committee Chairman Mike Crapo, would raise the threshold for stricter oversight by the Federal Reserve to $250 billion in assets from $50 billion, a boon for midsize
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After Brexit, banks based in Britain will potentially lose so-called passporting rights that allow them to do business across the EU from their London … But the bulk of new banking jobs that move to Frankfurt are unlikely to be filled by bankers currently working in London, a person close to the matter said.
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Mortgage applications rose 0.9% on a seasonally-adjusted basis from one week earlier for the week ending March 9th, 2018, according to the Mortgage Bankers Association's Weekly Mortgage Applications Survey. On an unadjusted basis, the Market Composite Index, a measure of mortgage loan
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Good afternoon. Today the Commission is putting on the table of co-legislators yet another set of proposals to reduce risks in the Banking sector. This time, we are targeting non-performing loans. With today's package, we have delivered more risk-reduction measures than the Council originally planned
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Playboy has a long history of leading the adult entertainment industry in new directions. Now, it's leading the charge into cryptocurrencies. Playboy Enterprises announced Wednesday it was developing an online payment wallet that will support several crypto payment types, beginning with the Vice
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