CRA Changes; New Lender; Mortgage and Appraisal Books for Your Staff

CRA Changes; New Lender; Mortgage and Appraisal Books for Your Staff

The economic news that was released,. This morning: the Chicago Fed National Activity Index for October (+.65) and Philly Fed non-manufacturing index for November (-8.3). Coming up is October Existing Home Sales which is projected to increase 0.6% m/m to 5.42mn annualized. Things are definitely
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Cleveland Fed Pulls P2P Lending Report for 'Revision' After Questions Rise Over Data

The Federal Reserve Bank of Cleveland has taken a report on P2P lending offline due to questions regarding the report's underlying data. Released earlier this month, the report (which is now under revision, according to the Cleveland Fed) concluded that the P2P lending industry is similar to that of
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Isn't it a PITI?

This set of four financial quantities together form the basis for how mortgage applicants qualify–or not–for a loan to buy a home, and their sum, for those who do qualify, becomes the amount of a monthly mortgage payment. Now, the center of many builders' attention, as U.S. lawmakers work on the most
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Estate & Trust Services

At Old National Wealth Management, safeguarding your interests is the only priority for our team of trust administrators and portfolio managers.
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Edison International (EIX) Shares Sold by Jennison Associates LLC

Dimensional Fund Advisors LP raised its stake in shares of Edison International by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 584,506 shares of the utilities provider's stock worth $46,532,000 after purchasing an additional 11,159 shares in the last quarter. Paloma Partners
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Putin to Speak With Trump on Syria After Meeting Assad in Sochi

Russian President Vladimir Putin said he'll hold phone talks with U.S. counterpart Donald Trump on Tuesday as the Kremlin mounts a diplomatic push to resolve the war in Syria following a surprise visit by Syrian leader Bashar al-Assad. Putin has taken a dominant role in efforts to end the conflict after a
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How Nike Lost to Adidas in the Old Sneaker Game

In 1967, the company that would become the world famous shoe brand Nike needed an identity for its new, state-of-the-art running shoe. Co-founders Phil Knight and Bill Bowerman settled on “Aztec,” according to Knight's autobiography. But industry giant Adidas had a track spike called “Azteca Gold”
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What next for Mugabe and his vast personal fortune?

Emmerson Mnangagwa, the man expected to replace Robert Mugabe as Zimbabwe's president, called on the embattled leader to step aside Tuesday as parliament prepared for impeachment. “The people of Zimbabwe have spoken with one voice and it is my appeal to President Mugabe that he should
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US Vows Tough Sanctions If South Sudan Doesn't End Conflict

Refugees from South Sudan cross a bridge over the Kaya river at the South Sudanese border point. Photographer: Isaac Kasamani/AFP via Getty Images. The U.S. will enact far-reaching sanctions on South Sudanese officials and rebel leaders if they undermine new talks seeking to end a four-year civil
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Mobile Homes Are So Expensive Now, Hurricane Victims Can't Afford Them

The industry was struggling to keep up with demand even before this year's natural disasters. Judy Goff in what used to be the living room of her mobile home in Riviera Colony, a community in Naples, Fla., on Oct. 30. Photographer: Scott McIntyre/Bloomberg. By. Prashant Gopal. @mrgopal More stories
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Hungary central bank launches new IRS swaps, to buy mortgage notes

BUDAPEST, Nov 21 (Reuters) – The National Bank of Hungary introduced on Tuesday new interest rate swap tools from January 2018 and said it would buy mortgage notes to help longer-term fixed-rate mortgages to make up a bigger proportion on the housing loan market. The bank said the 5-year and
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Insider Buying: Enova International, Inc. (ENVA) Director Purchases 30000 Shares of Stock

Enova International, Inc. (NYSE:ENVA) Director Mark Mcgowan acquired 30,000 shares of the company's stock in a transaction dated Wednesday, November 8th. The shares were purchased at an average cost of $13.97 per share, for a total transaction of $419,100.00. Following the purchase, the
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Mumbai: City's real estate sector impacted by GST, demonetisation, says report

The report, titled 'Emerging trends in real estate— Asia Pacific 2018', is based on the opinions of over 600 realty professionals including investors.
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City Council approves Housing Trust Fund to target affordable housing shortage

“Once you get to $55,000 a year, you can pretty readily participate in the housing market. Once you're at 55, you're in,” said Charles Buki, CZB
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Royal Bank of Scotland website goes TITSUP*

Over 80 people have reported issues with online banking, payment cards and the website since around 0909 UTC on the site downdetector.com.
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Britain's CYBG bets on fintech as open banking looms

Nov 21 (Reuters) – Britain'sCYBG Plc said on Tuesday its was focusing its 350 million pound ($463 million) investment budget on digital banking
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Paytm invests in online lending startup CreditMate

Jonathan Bill, co-founder and CEO of CreditMate, said Paytm's investment will allow the startup to expand its operations, distribution, lending
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Ruth Porat's Googleyness, Another Al Franken Accuser, End of the Yellen Era: Broadsheet for Nov …

Adam Lashinsky, Fortune's assistant managing editor, profiles Ruth Porat, CFO of Google and its holding company Alphabet, for our Dec. 1 issue. Two years into her job, the former finance chief of Morgan Stanley is “rather Googley,” Adam writes, a quality exhibited in her “all-together-now spirit blended
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PICO Holdings (PICO) versus Taylor Morrison Home Corporation (TMHC) Head-To-Head …

PICO Holdings (NASDAQ: PICO) and Taylor Morrison Home Corporation (NYSE:TMHC) are both cyclical consumer goods & services companies, but which is … The Company also provides financial services to customers through its mortgage subsidiary, TMHF, and title insurance and closing settlement
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Clydesdale and Yorkshire Banking Group delivers first profits but warns of lending pressures ahead

Clydesdale and Yorkshire Banking Group (CYBG) will pay a maiden dividend after posting its first after tax profits in five years, but warned a “competitive” lending market would eat into its margins next year. The challenger bank delivered after tax profits of £182m for the year to September, compared to a
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