For centuries, loans and mortgages have been sourced from local banks, credit unions, and financial institutions with brick and mortar presences. However, the rise of the internet has made the average person more comfortable with the idea of handling important financial transactions online and paved
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Robert Mercer is the fabulously wealthy computer scientist who helped bankroll the Trump presidency. Bloomberg Businessweek's Zachary Mider discovered that Mercer also wears a badge. This is a profile of Mercer and the latest chapter in the many incredible-but-true stories about the secretive hedge
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A Toronto real estate finance company has closed a $5.3 million land banking transaction in Atlanta for a large national homebuilder. The deal closed April 16 was the first in Atlanta for Terra Firma Capital Corp., according to a company statement. The location of the land and the name of the
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An increasing amount of millennials now favor conventional financing over loans from the Federal Housing Administration, according to Ellie Mae's Millennial Tracker. The report found that 68 percent of all mortgage loans in February were conventional, while FHA loans were unchanged from January at
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Admiral James Stavridis, retired U.S. Navy admiral and former military commander of NATO, current dean of the Fletcher School at Tufts University and Bloomberg View contributor, on Mike Pompeo speaking with Kim Jong Un, and the conflict in Syria. Justin Sunerok, Founder and CEO of Verge, on their
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âOur share of our U.S. consumer customers' lending business is about half of our share of their spending — we are confident these numbers will grow,â AmEx Chief Executive Officer Stephen Squeri said last month at the company's annual investor day. âWe intend to use big data analytics and our
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Average LHI, excluding mortgage finance loans, for the first quarter of 2018 were $15.4 billion, an increase of $415.3 million, or 3 percent, from the fourth quarter of 2017 and an increase of $2.4 billion, or 19 percent, from the first quarter of 2017. Average total mortgage finance loans (including Mortgage
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As someone who grew up in San Jose and has worked in tech for many years, I never thought the day would come when I would feel financially squeezed by the high cost of housing. But that day has come. Rents for nicer apartments in the South Bay are anywhere from $2,500 to $3,300. In most parts of
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Mars, McDonald's, Staples and several other companies have signed on to support the American Forest Foundation (AFF), GreenBlue, the US Forest Service and Esri in the development of a new forest sustainability tool. The digital mapping tool, called Forests in Focus, will complement forest
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âNow, some in Congress are calling for the repeal of the auto loan guidance. Congress should be standing with Americans subjected to the injustice of discrimination, not interfering with efforts to enforce fair lending laws.â On top of advocating for the continuation of the CFPB's rules, the Fair Housing
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FREMONT, Calif. (AP) â A condemned Northern California house with holes in the roof and mildew in the pipes sold last month for $1.23 million, a price tag that highlights how a housing shortage is fueling skyrocketing home prices in the San Francisco Bay Area. Listing agent Larry Gallegos said
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The Real Estate (Regulation and Development) Act, 2016, mandatorily requires promoters to register all real estate projects with the Real Estate Regulatory Authority (RERA) in their respective States. This registration is vital for any real estate project, because even the marketing of a project without this
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If banks would enable Amazon's digital voice assistant Alexa, more than half of consumers would use it to make routine banking requests, according to a new study. Nearly half (47%) of consumers would use Alexa to check account balances and review recent transactions (43%), according to the study,
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Average sales price of homes also increased by almost $1,000, though the average square foot price increased by just one dollar to $112. The average time for a home to stay on the market decreased from 66 days to 60, a dip attributed to the 2016 flood aftermath that Peterson expects to stabilize over
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A standard has been released that could end the need for passwords to online banking. The specification, called WebAuthn, provides a common way for browsers to accept fingerprint, facial and other forms of biometric authentication from a smartphone, desktop or USB-connected hardware.
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âAs demand has outpaced supply in the housing market over the past three years, buying a home has become an exercise in speed and agility,â said Aaron Terrazas, a senior economist at the site, in a statement. âThis is shaping up to be another competitive home shopping season for buyers, who may
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Advocates for fair lending say discrimination still exists in auto lending, despite regulatory guidance, because of the bureau's limited scope and resources. “There has not been the level of enforcement that there needs to be to really address the problem,” says Debby Goldberg, vice president of special
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âInvestment banking as an example is highly competitive and anything that provides an advantage will be seized upon, although investment banks could use AI … The study, Enhanced Bankers â The Impact of AI, also highlights a lack of understanding around AI & ML as specifically applied to improving
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The big banks are five for five after Morgan Stanley beat Wall Street's expectations Wednesday. The Q1 reporting season is off to a strong start as stocks try to extend gains and continue the positive momentum generated earlier this week. Volatility continues to sag. Morgan Stanley got the new day off
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The Senate on Wednesday voted to kill a five-year-old Obama administration policy warning auto lenders not to discriminate against minority borrowers. The legislation, which passed 51 to 47 largely along party lines, is the latest Republican rebuke of the Consumer Financial Protection Bureau's history
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