Court rules mortgage broker is not real estate professional, passive activity rules apply

Court rules mortgage broker is not real estate professional, passive activity rules apply

During the years at issue, Kurt Hickam brokered real estate mortgages and other loans secured by real estate, both as an independent contractor and as an employee. Hickam was a licensed real estate agent, but he did not operate, develop, redevelop, construct, reconstruct, or rent real estate in
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Man makes small fortune from grandmother's blanket

A blanket that sat untouched in a closet for seven years has made a US man a small fortune. Loren Krytze lost a leg in a near-fatal car accident in 2007 and had been living of his $200 a month disability pension since. The father-of-three managed to turn his finances around after seeing a blanket valued
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Barber goes 'full force' for city manager job

With a degree in accounting and finance, Barber was recruited by a Fortune 500 company right out of college. He lived out of a suitcase, traveling every week in a company jet and wearing a suit everyday to work. It was everything he thought he wanted. “It was my dream job, but then I got married and
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Why CSG Systems International Inc (NASDAQ:CSGS) Could Be A Buy

This high level of volatility gives investors the opportunity to enter into the stock, and potentially buy at an artificially low price. A question to answer is whether CSG Systems International's current trading price of $43.82 reflective of the actual value of the small-cap? Or is it currently undervalued, providing
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New Year may be time to re-evaluate business banking needs

The start of a new year – especially now that there is a brand new tax framework – is a great time to review your business banking needs. From ensuring you have the right set of customized financial products to evaluating whether your banker is well-versed in your industry to help you make smart
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Japan's banks downsize to stay alive

Japan's biggest banks are racing to adapt to changing business conditions amid a shrinking population and the spread of online banking. Many have laid out plans to downsize their workforce and massive network of branches while investing in “fintech” — technological innovation in the financial sector
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Softer housing conditions expected in 2018

National house prices fell in December, dragged down by weakness in Sydney's housing market, and have set the scene for softer housing conditions in 2018, new figures show. The national median house price index fell 0.3 per cent in December while home value growth slowed in 2017, rising 4.2 per
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South Korea mulls property tax hike to curb price rises

Raising property taxes has been regarded as the government's last hidden card to stabilise housing prices, as it has been cautious about the tax hike. Policymakers have been traumatised by tax hikes ever since they witnessed how the administration under President Roh Moo-hyun in 2003 to 2008, was
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New faces: USAA Federal Savings Bank president saw large growth in 2017

As an eventful year comes to a close, the San Antonio Business Journal takes stock of the high-profile hirings and promotions at the top of several prominent Alamo City companies and organizations in the 12/29 weekly edition. USAA Federal Savings Bank and USAA Savings Bank — two USAA
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Masayoshi Son's Uber buy is typical of maverick tycoon

It was a typically bullish remark from the 60-year-old tycoon, listed by Forbes as Japan's richest man with an estimated fortune of US$22.2 billion (S$29.7 billion), who has embarked on a furious spree of purchases culminating in last week's deal to take a hefty stake in ride-sharing app Uber. Under Mr
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PropTech gains ground as key real estate selling point

But how much influence are these technology innovations actually having on the real estate sector? While real estate is still very much dependent on location, advances in property technology (PropTech) have shifted the dynamic. Connectivity and accessibility are now coming to the fore as key market
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Gretchen Carlson Named Chair of Miss America Organization

TV Journalist and Women's Empowerment Advocate Gretchen Carlson at the Fortune Most Powerful Women Summit – Day 3 on Oct. 11, 2017 in Washington, DC. Paul Morigi—Getty Images. By Associated Press. 5:18 PM EST. (ATLANTIC CITY, N.J.) — Former Fox News Channel anchor and 1989 Miss
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SBI begins year with rate cut

Mumbai: The State Bank of India (SBI) on Monday reduced its base rate and benchmark prime lending rates (BPLR) by 30 basis points each – a move that will benefit close to 80 lakh customers who continue to be in the old regime where lending rates were linked to these two benchmarks. The SBI said it
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AmeriSave Mortgage-Mortgage Disclosure Desk-Atlanta, GA

Looking for a great paid internship at AmeriSave Mortgage in Atlanta, GA? Learn more about the Mortgage Disclosure Desk position right now!
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Union Bankshares completes purchase of Xenith Bank in a $701M transaction

Union Bank & Trust has 151 offices, 40 of which are operated as Xenith Bank. Those branches will continue operating as Xenith Bank until systems conversion is completed in late May, except in North Carolina, where a Union Bank & Trust brand under different ownership already exists. Those branches
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Three Important Risk Metrics For Southside Bancshares Inc (NASDAQ:SBSI) You Should Know

If Southside Bancshares does not engage in overly risky lending practices, it is considered to be in good financial shape. Loans that cannot be recovered by the bank are known as bad loans and typically should make up less than 3% of its total loans. Bad debt is written off when loans are not repaid.
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Is It Time To Sell Columbia Banking System Inc (NASDAQ:COLB) Based Off Its PE Ratio?

Columbia Banking System Inc (NASDAQ:COLB) is trading with a trailing P/E of 19.8x, which is higher than the industry average of 16.6x. Although some investors may jump to the conclusion that you should avoid the stock or sell if you own it, understanding the assumptions behind the P/E ratio might
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80L to gain as SBI cuts base rate by 30bps

SBI has also extended its ongoing waiver of home loan processing fees till March 31, 2018. This will be applicable for new customers buying a house and others looking to switch their existing loans to SBI. With this reduction, SBI's base rate is the lowest among all lenders. The advantage for SBI is that
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FirstCash (FCFS) versus The Competition Head-To-Head Comparison

FirstCash (NYSE: FCFS) is one of 27 publicly-traded companies in the “Consumer Lending” industry, but how does it compare to its rivals? We will compare FirstCash to similar companies based on the strength of its dividends, profitability, earnings, valuation, analyst recommendations, risk and
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SBI cuts base rate by 30 basis points, will benefit 80 lakh customers

State Bank of India (SBI), India's largest lender, has reduced the base rate and benchmark prime lending rate (BPLR) by 30 basis points (bps) with effect from January 1 which will see a decline in EMIs (equated monthly instalments) of over 80 lakh existing customers. The base rate has been slashed
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