FRANKFURT (Reuters) – Deutsche Bank is expected to cut around 1,000 jobs or 10 percent of its workforce in the United States, a person familiar with the matter said on Friday, as the German lender scales back its global investment banking ambitions. The bank has already axed 400 U.S.-based
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The Sandy, Utah-based Ally Home is now offering âThe Mortgage Playbook,â a guide for homebuyers that reimagines the process through a baseball-themed presentation. Available as a 44-page booklet, âThe Mortgage Playbookâ offers homebuying FAQs with various steps in the process tied to
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Fully taking the reins of the J.G. Wentworth's mortgage business will be Phil Buscemi, who serves as the president of J.G. Wentworth Home Lending. Buscemi will report directly to the board on behalf of the company's expanding mortgage lending division, effective immediately. âJ.G. Wentworth Home
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At the current sales pace that's six months of inventory,” Taylor said. Both sales of existing single-family homes and average sale prices are up from last year, both by more than 10 percent. With consumer confidence high and the national economy humming along, Taylor predicted demand for new and
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Anbang bought the Waldorf from Hilton Hotel Group for $1.95 billion in 2014 amid an international buying spree that eventually prompted a crackdown by Chinese regulators. In February, China's insurance regulator seized control of Anbang after its chairman, Wu Xiaohui, was prosecuted for economic
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Linda Wilson, associate broker at Howard Hanna, and president of the Greater Rochester Association of Realtors; Tom Schnorr, broker and owner of RE/MAXRealty Group; Mark Siwiec, licensed real estate broker with the Mark Siwiec Realty Group at Howard Hanna; Abbey Friend, lead listing specialist
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On April 16, 2018, two free market economists debated a topic that has long divided libertarians. Fractional reserve banking refers to banks' standard practice of keeping only a portion of their depositors' money on hand and loaning out the rest. In The Mystery of Banking (1983), the anarcho-capitalist
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Toronto-Dominion Bank has lifted the posted rate for its five-year fixed mortgage by 45 basis points to 5.59% — the first significant mortgage rate increase among Canada's big lenders. Toronto-Dominion, Canada's second-largest bank lifted its five-year closed rate along with increases to its two-year,
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Last week was an unusually strong one for the top end of Memphis' housing market, with the top five homes selling for a combined $4.98 million. A 1992 East Memphis home sold for $860,000, only enough for the week's No. 5 spot. Located on Green Shadows Lane in ZIP 38119, the home holds five
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BidaskClub upgraded shares of AGNC Investment (NASDAQ:AGNC) from a sell rating to a hold rating in a research report report published on Tuesday. Several other brokerages also recently weighed in on AGNC. Maxim Group restated a buy rating and set a $21.25 target price on shares of AGNC
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ARMCO's report showed this decrease in the critical defect rate is due to a decline in purchase loans, which have a disproportionately higher number of defects, and an increase in mortgage refinances. In the third quarter, purchase transactions accounted for more than 67% of all reviewed loans, but
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The REITs have underperformed the S&P 500 by more than 15 percentage points over the last 12 months, with the sector now trading at a 16.4% discount to net asset value – one of the widest margins ever, according to Green Street Advisors. Private real estate funds, however, are seeing a gusher of
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Apps for mobile banking have become some of the most widely used by Americans, according to a mobile banking survey by Citibank. About one-third (31%) of consumers use their mobile banking app the most, behind only apps for social media (55%) and the weather (33%), the survey of 2,000 U.S.
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Facebook (fb, -0.20%) investors and staff probably let out a collective sigh of relief on Thursday, after the social media giant reported stronger-than-expected earnings that sent shares rebounding back to near-record highs. But strong financial performance doesn't mean that all is well for the social media
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If you're a first-time buyer looking for a home in Canada, Winnipeg might be a good place to start. According to a national report by Royal LePage, a first-time home buyer's money goes further in Winnipeg than most other major Canadian cities. The report looked at what people aged 25 to 31 could afford
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SAO PAULO, April 27 (Reuters) – Advent International Corp is in exclusive talks to acquire an 80 percent stake in Walmart Inc's Brazilian unit, a person familiar with the information said on Thursday. Reuters reported in January that Walmart was shopping its Brazilian unit to private equity firms Advent, GP
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One trend was clear this week: It is incredibly costly to stay ahead in the technology industry. During the quarter ended in March, four U.S. tech superpowers — Alphabet, Amazon, Microsoft and Facebook — collectively spent $16.2 billion 1 on capital projects, including real estate; warehouses to stow and
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On Nov. 28, 2017, the Senate Banking Committee voted 18-5 to approve Brian D. Montgomery nomination to become an Assistant Secretary of the U.S. Department of Housing & Urban Development (HUD) and Commissioner of the Federal Housing Administration (FHA), a position that he held from
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After working at Goldman Sachs Group Inc. and Lehman Brothers Holdings Inc., he became chief investment officer for Merrill Lynch Bank USA, according to his resume. He later spent several months in 2009 as vice president and head of liquidity risk for the Federal Reserve Bank of New York.
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The junior senator from New York thinks that turning the Post Office into a financial services outfit for Americans with low or erratic incomes unable to access traditional banking outlets is a winner, for two reasons. First, it would put payday lenders out of business, saving people from what Gillibrand
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