Cryptocurrency Project Basis Is Shutting Down. Here's What Its Lead Investor Has to Say

Cryptocurrency Project Basis Is Shutting Down. Here's What Its Lead Investor Has to Say

… Capital Ventures who led the investment round in Basis, discussed Basis' closure on the latest episode of Balancing The Ledger, Fortune's show on
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Instacart to Stop Delivering Groceries From Amazon-Owned Whole Foods

Grocery-delivery startup Instacart said its five-year partnership with Whole Foods, which seemed doomed after Amazon's 2017 purchase of the grocery
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Maverick Real Estate Partners closes another NYC distressed debt fund

When the defaults come, the vultures get to work. Maverick Real Estate Partners announced on Thursday that it closed another fund that targets
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1.51 is Encore Wire Corp's (NASDAQ:WIRE) Big Money Sentiment

“Big money sentiment for Encore Wire Corp (NASDAQ:WIRE) in 2018 Q3 decreased … Funds holding Encore Wire Corp in top 10 changed to 0 from 1 for a … and manufactured housing; UF-B cable, an underground feeder cable for
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FCA and PRA issue mortgage reporting consultation paper

The financial conduct authority and the prudential regulation authority have launched a joint consultation paper regarding new reporting requirements
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Finance of America Mortgage settles FHA mortgage fraud lawsuit for $14.5 million

Finance of America Mortgage, a Blackstone portfolio company, has agreed to pay the U.S. government $14.5 million to settle a whistleblower lawsuit
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Mr. Cooper hires restructuring expert as new CFO

Mr. Cooper has hired Christopher Marshall to take over as chief financial officer. He will succeed Amar Patel, who has served as interim CFO since
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FCA to include product transfers in mortgage reporting requirements

The FCA and PRA have proposed new reporting requirements for mortgage lenders and administrators which would require them to submit product
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Mortgage lender pessimism runs high

The profit outlook for mortgage lenders hit a five-year low this quarter as companies have been squeezed by fierce competition for a shrinking pool of
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Redfin: Housing inventory accelerates to 3-year high

In November, housing inventory climbed 5%, marking its fastest growth in the last three years, according to new data from Redfin.
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Survey finds Saratoga County real estate market strong

The Saratoga County Prosperity Partnership's inaugural Saratoga County Real Estate Index found strong residential, commercial and industrial
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Forza Horizon 4 Fortune Island DLC and Update 4 Details

The biggest Forza Horizon 4 expansion, Fortune Island, is now live and along with its arrival, Playground Games is also releasing the fourth update of
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Housing's Best Hope For 2019: Reboot a New Class of Starter Homes

A new pilot from Freddie Mac will allow conventional mortgage financing for homes defined as “manufactured housing,” adding a category class that
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Evans Landscaping: How the wire fraud scheme worked

Evans Landscaping: How the wire fraud scheme worked … At the time, the company was losing money after the housing market crash during the Great
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Brainstorm Health: Paul Allen's Legacy, Apple's Wellness Push, Gun Deaths

Good afternoon, readers. Paul Allen—Microsoft co-founder, tech titan, and Seattle mogul—passed away almost exactly two months ago. But the
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Mortgage brokers are back on the rise

The independent mortgage broker shop has done very, very well this year. It's funny, I won't name the name, but I just spoke with a large lender who
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Cost, financing and competition: Here are the challenges Charlotte faces in affordable housing

The Charlotte-Mecklenburg Housing Partnership's latest mixed-income … Permanent financing was provided by Barings Multifamily Capital and
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Gauging Mortgage Performance

The report revealed that as of September 30, 2018, the reporting banks had serviced 17.2 million first-lien mortgage loans with $3.26 trillion in unpaid
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Angelo Mozilo, ex-CEO of failed Countrywide Financial, praised at mortgage conference

Jeff Lazerson of Mortgage Grader in Laguna Niguel gives us his take. … The Mortgage Bankers Association reported a 1.6 percent increase in loan
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Latest payday lending store robbery reported in Newaygo County

FREMONT, MI — The latest of several payday lending store robberies in West Michigan happened in Fremont late Thursday afternoon, police said.
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