CIT Group Exits Reverse Mortgage Space

CIT Group Exits Reverse Mortgage Space

CIT Group Inc. has completed the sale of its Financial Freedom reverse mortgage servicing business and the related reverse mortgage portfolio to an
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Does O2Micro International Limited's (NASDAQ:OIIM) PE Ratio Warrant A Buy?

O2Micro International Limited (NASDAQ:OIIM) is currently trading at a trailing P/E of 17.4x, which is lower than the industry average of 24.6x.
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Midwest Equity Mortgage, LLC to be Acquired by Celebrity Financial, Inc.

CHICAGO, June 6, 2018 /PRNewswire/ — Midwest Equity Mortgage, LLC, (“MEM”) an Illinois based independent mortgage lender, today announced it
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Sam Zell on the real estate cycle, interest rates, and immigration

Zell is known for salty language and strong convictions, so the remarks that follow have been a bit edited and condensed to focus on real estate, the
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San Francisco Residents Vote In Favor Of Banning Flavored Tobacco

San Francisco residents, on Tuesday, overwhelmingly voted to ban the sale of flavored tobacco products in the city, the San Francisco Chronicle
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Can Renting Build More Wealth Than Homeownership?

“On the heels of information concerning slowing housing starts, rising mortgage rates, decreased demand and unsustainable price increases, these
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China steel exporters chase new buyers in Africa, South America

Chinese steelmakers are seeking new export destinations in Africa and South America as shipments to their biggest overseas buyers in Southeast
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Fortune 500 list recognizes GPA Midstream and GPSA companies

TULSA, Okla., June 6, 2018 /PRNewswire-USNewswire/ — Twenty nine GPA Midstream Association and GPSA companies joined Fortune Magazine's
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Jessica Alba's Honest Co. Gets $200 Million Investment From L Catterton

Honest Co., the baby goods and personal-care retailer co-founded by actress Jessica Alba, is getting a $200 million investment from private equity firm
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Banks Should Lead the Way Out of the Payday Lending Trap

For the 40% of Americans who don't have the cash reserves to cover a $400 emergency expense, payday and other high-cost loans may be the only
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Cottage country housing market heats up

The cottage country housing market is heating up, Air Canada is partnering with Air China and Apple is now worth $950 billion. 680 NEWS senior
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Athenahealth's Bush-Clearing Was Overdue

Let the bidding begin for Athenahealth Inc. The health-care technology company on Wednesday said controversial leader and co-founder Jonathan
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Economy Hub: Mortgage rates are set to rise – what you need to know

Could you a handle the interest payments on your mortgage rising by 30 per cent? That kind of rise could be on the cards for many if rates follow their
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Well-known former gynaecologist loses €2.5m Dublin home

Mr Donnelly, who appeared with Hugh J. Ward Solicitors for Promontoria, told the court that Dr Rafferty had taken out a loan of €2,530,000 with Ulster
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CFPB effectively dissolves Consumer Advisory Board

The Consumer Financial Protection Bureau has effectively dismissed all the members of an outside board that advises the bureau on fair lending, civil
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Civil servants can get mortgage at 6% rate in Kyrgyzstan

Prime Minister of Kyrgyzstan, Muhammadkal Abylgaziev, has come up with a proposal to reduce the interest rate on state mortgage crediting from 8%
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Montreal housing market hit record high in May, but pace of growth slowed

MONTREAL – The Greater Montreal Real Estate Board says area home sales hit another record high for May, even though the pace of growth cooled
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3 Top Bank Stocks to Buy in June

Matt Frankel (Goldman Sachs): Most investors think of Goldman Sachs as an investment bank, and for good reason. The bank has the leading market
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First-time homebuyers: Should I rent or buy?

Stability: first and foremost their house is their home, not a landlord's property. It's a place FTHB will call their own. It's an investment in their future.
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Union Bank & Trust adds Xenith to the fold

Union Bank & Trust didn't exactly have piles of cash when it started more than 100 years ago, even in today's dollars. The Richmond-based finance
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