Four states adopt NMRC's draft mortgage foreclosure law

Four states adopt NMRC's draft mortgage foreclosure law

The law is expected to fast-track the process for creating legal mortgages (including reducing the cost and the processes for obtaining the relevant consents and registration), timely resolution of disputes arising out of mortgage transactions, consumer protection and creating an efficient foreclosure
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Fortune Brands Home & Security Inc (FBHS) Stake Lessened by Wells Fargo & Company MN

Fortune Brands Home & Security logo Wells Fargo & Company MN cut its stake in Fortune Brands Home & Security Inc (NYSE:FBHS) by 8.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 878,176 shares of the
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First Trust Advisors LP Acquires New Stake in New York Mortgage Trust Inc (NASDAQ:NYMT)

The Company is engaged in the business of acquiring, investing in, financing and managing primarily mortgage-related assets and financial assets. The Company's investment portfolio includes residential mortgage loans, including second mortgages and loans sourced from distressed markets,
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China Central Bank Official Says Bankruptcy May Benefit the Country

Local government financing vehicles have sold 1.7 trillion yuan ($259 billion) worth of bonds in onshore and offshore market this year, a 23 percent drop from 2016's level, according to data compiled by Bloomberg. Fitch Ratings said in September the first bond defaults by Chinese LGFV are becoming
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'Merry Christmas, Canada!': PM releases holiday statement

Prime Minister Justin Trudeau is wishing Canadians a Merry Christmas. In a statement released Sunday, Trudeau celebrated Canada's diversity and its people's compassion. “In the New Year, and throughout the years to come, let's commit to making a difference,” Trudeau said. “Whether by lending a
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Nuveen Mortgage Opportunity Term Fund to Issue Monthly Dividend of $0.11 (NYSE:JLS)

Nuveen Mortgage Opportunity Term Fund logo Nuveen Mortgage Opportunity Term Fund (NYSE:JLS) announced a monthly dividend on Monday, December 4th, Wall Street Journal reports. Stockholders of record on Friday, December 15th will be paid a dividend of 0.1135 per share on Friday,
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China likely to set M2 growth target at record low next year: China Daily

Analysts said the jump in new loans was due to a crackdown on off-balance sheet lending, forcing banks to issue more formal loans. Total social financing (TSF), a broad measure of credit and liquidity in the economy, rose to 1.6 trillion yuan ($244 billion) in November from 1.04 trillion yuan a month
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Federal judge green-lights desegregation housing rule after Carson tries to block it

The Small Area Fair Market Rent rule would tweak the formula for public housing subsidies. More than 5 million people use “Section 8” public housing vouchers to afford rent on the private market; “Section 8” refers to the statute that created the subsidies. On average, voucher holders direct 30 percent of
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Columbia Banking System (NASDAQ:COLB) Earning Somewhat Favorable Press Coverage …

Columbia Banking System logo Press coverage about Columbia Banking System (NASDAQ:COLB) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources
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Real Estate Stocks: Is Now The Time To Buy Lafe Corporation Limited (SGX:AYB)?

Lafe Corporation Limited (SGX:AYB), a SGD$22.67M small-cap, is a real estate company operating in an industry which remains the single largest sector globally, and has continued to play a key role in investor portfolios as an asset class. Real estate investments typically display unique and attractive
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Independent Bank CEO optimistic for economy amid lingering talent concerns

Independent Bank, which opened lending offices in Traverse City and other markets this year, has 65 branches across the Lower Peninsula with total assets of $2.75 billion as of Sept. 30. Why make this deal in Traverse City at this point in time? Growth. We are a publicly traded company and you can't
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Business Transitions: Real estate professionals announce advancements

Angela Kinna has joined RE/MAX Results as a real estate agent. Before joining the company, she spent 29 years with State Farm Insurance. A member of the Frederick County Society for Human Resources Management since 2008, she has held several positions on the society's Board of Directors,
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International Business Machines (NYSE:IBM) Upgraded by Vetr to Strong-Buy

International Business Machines Corp. logo Vetr upgraded shares of International Business Machines (NYSE:IBM) from a buy rating to a strong-buy rating in a research note issued to investors on Wednesday, December 6th. They currently have $173.45 target price on the technology company's stock.
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180 DC, NoVa Jobs: Justice, American Airlines, Dexter Edward, NCI

180 DC, NoVa Jobs: Justice, American Airlines, Dexter Edward, NCI. Links to hundreds of DC, Northern Virginia jobs including Kaiser Permanente, state of Virginia, Arhaus, Freddie Mac, Lovesac and more. By Deb Belt, Patch National Staff | Dec 24, 2017 11:32 pm ET
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Mortgage Document Review Specialist

Robert Half is hiring Mortgage Document Review Specialists for one of our Fortune 500 banking and financial clients in Bedford, OH.Job Title: Mortgage Document Review SpecialistLocation: Bedford, OH 44146Hours: 8a-5pJob Description: Government Docume.
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DesPortes: To refinance or not to refinance your mortgage: That is the question (column)

While the title of the column may not be William Shakespeare's exact words, the question is still a good one in the volatile and erratic mortgage market and interest rate environment. As I have written about and discussed with many friends, clients and colleagues, I have ceased making predictions about
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Honeywell Wants to Buy, and Will Get, Aerospace Firm Arconic

Aerospace parts maker Arconic Inc. (ARNC) – under pressure from activist Elliott Management's Paul Singer — could be sold in the coming months to Honeywell International Inc. (HON) after the technology and manufacturing company completes a spinoff leaving an aircraft division that needs to get
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Another GOP 'outsider' running for SC governor?

… who is not beholden to anyone.” But is he running? John Warren, founder and chief executive officer of Lima One Capital, a mortgage finance company in Greenville, is exploring a run seeking the Republican nomination for governor, according to a statement. Warren, himself, was not available to talk.
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Found: A Fortune in Gold Coins in a Box of Donated Food

Today a single Krugerrand is worth approximately $1,300, so the coins that Maser found amount to a small fortune. Maser and he colleague Claudia Spetsmann contacted the police to try locate the donor of the box of food, and eventually reached a local, 78-year-old widow. “We knew absolutely nothing
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House OKs Bill Changing Manufactured-Home Lending Rules

Law360, Washington (December 1, 2017, 6:04 PM EST) — The U.S. House of Representatives passed a bill Friday that would change the federal rules governing home mortgage loans to carve out many manufactured-home makers, over Democrats' objections the bill would leave consumers open to
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