Greedy bankers 'cheated like Aussie cricketers' to 'rig lending rate'

Greedy bankers 'cheated like Aussie cricketers' to 'rig lending rate'

A GANG of greedy bankers behaved like cheating Australian cricketers when they plotted to rig a vital lending rate, a court was told. The group's alleged scam was like players tampering with the ball. Sisse Bohart, 41, is alleged to have rigged a vital lending rate. AFP or licensors. 1. Sisse Bohart, 41, is
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AMCs don't improve appraisal quality, FHFA researchers find

The appraisals were pulled from Uniform Appraisal Dataset submissions to Fannie Mae and Freddie Mac through the Uniform Collateral Data Portal. In addition to analyzing the full sample set of appraisals, the researchers isolated a smaller pool of valuation reports that were prepared by appraisers who
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Ultimate ISC Tech Guide: Hottest Products & Trends in Security, Home Automation –

Trends in Unattended Access – New vetting and authentication methods – On-demand trends – 'Drop-off zones' in new homes – New paradigms in real-estate showings – Buy stock in refrigerators NterNow (formerly Call-a-Key) The new Realtor • Find NterNow home • Download app • Provide verifiable
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Soylent Meal Replacement Drinks Are Coming to Walmart

Consumers will be able to purchase Soylent, the Silicon Valley-aimed meal replacement powder and drink, at Walmart. Rosa Foods, the maker of Soylent, announced that the product would be available at 450 Walmart stories across the country. This follows Soylent's retail expansion into 2,500 7-Eleven
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European Startup To Enable Access To Commercial Real Estate For Small Investors

A European company Blocksquare.io is developing a Blockchain-based plug and play system to enable commercial real estate tokenization that will allow anybody with an internet connection to buy fractional ownership of assets worldwide. Diverse investing platforms can integrate with Blocksquare's
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Colliers exec leads group buying suburban country club property for redevelopment

Now, David Kahnweiler, non-executive chairman of Colliers International/Chicago, has stepped in. He told Crain's he's going forward with the purchase without getting village approval of any redevelopment plans. Kahnweiler is vowing to work with community officials to find something both sides can
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Steve Roth's Montauk beach house is hitting the market

Steve Roth is looking for a Madoff-like return on investment on a Montauk beach home once owned by the notorious Ponzi schemer. The Vornado Realty Trust chairman his wife Daryl have listed the waterfront property for $21 million, according to the Wall Street Journal. Roth bought the pad in 2009 for
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Zuckerberg Says Facebook Collects Internet Data on Non-Users

Facebook CEO Mark Zuckerberg answers questions from Rep. Ben Lujan during testimony before a House committee. Mark Zuckerberg, under stern questioning by U.S. lawmakers, said Facebook Inc. collects information on consumers who aren't registered as users, acknowledging something that's
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Fannie Mae sells $2 billion in re-performing loans to Fortress, private equity firm

… loan-to-value ratio of 87%. This isn't the first time that Towd Point Master Funding has bought loans from a GSE. Last year, Towd Point bought approximately $292 million in previously modified loans from Freddie Mac. According to Fannie Mae, this latest loan sale is expected to close on May 24, 2018.
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HSA Council, Maryland Bankers Win Key Fix in Maryland Legislature

Maryland Gov. Larry Hogan yesterday signed emergency legislation that would fix a state law inadvertently preventing hundreds of thousands of Marylanders with high-deductible health plans from contributing to their health savings accounts. The American Bankers Association's HSA Council and the
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Price on fire-ravaged home in Silicon Valley shocks the country

ALSO: This San Jose neighborhood is the hottest real estate market in the entire country. Barr says it's the 5,800-square-foot lot that she's selling, and its prime location near a commercial strip lined with trees, cafes and boutiques. The home is adjacent to downtown San Jose, where Google plans to
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TRANSACTIONS: Meridian inks $12.7M loan, GCP secures $10M loan in Jersey

A new mortgage of $12,706,000 on a 46-unit multifamily property located on Middletown Road in the Bronx, NY. The loan features a rate of 3.625% and a seven-year term. Eli Serebrowski and Jacob Schmuckler negotiated this transaction. • A new mortgage of $7,000,000 on a 72-unit cooperative
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Trump Ordered DOJ to Hire Controversial Former Aide, Sources Say

President Donald Trump personally ordered the Department of Justice to hire a former White House official who was fired after he was caught up in a controversy over the release of intelligence material to a member of Congress, according to people familiar with the matter. Ezra Cohen-Watnick, who left
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NVE Corporation (NASDAQ:NVEC) versus Investors Title Company (NASDAQ:ITIC): The Right …

Dedicated investors are constantly on the lookout for a bargain when it comes to stock picking. As of late, investors have been taking notice of NVE Corporation (NASDAQ:NVEC) shares. During recent trading, shares saw a move of 2.79% hitting a price of $82.30. Sometimes the stock market can be very
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Cal Poly student takes a spin on 'Wheel of Fortune' this week

Cal Poly senior CJ Covington always dreamed of appearing on “Wheel of Fortune.” But he couldn't have anticipated one crucial detail. “I didn't think I'd be going on (the show) with such crazy hair,” joked the communications major, whose naturally dark, curly locks are bleached blond on top. TV viewers
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Home prices continue climb

The hot real estate market in Penticton and the South Okanagan hasn't appeared to have been cooled much by changes to mortgage rules and interest rates at the start of the year. Fresh data from the South Okanagan Real Estate Board shows says more that $100M in residential real estate changed
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Gold Coast real estate broker, philanthropist Gabrielle Weisberg has died at 60

“She was very poised and very cool, very knowledgeable,” said Druker, adding that, selling real estate, “She didn't make you feel she was beating you over the head. She was really good at the art of persuasion.”' Mrs. Weisberg drove fast, but she also liked walking around the Magnificent Mile and Rush
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Burned out home and lot in Silicon Valley selling for $800K

SAN JOSE, Calif. (KTVU) – A burned out home, and the property it sits on, in San Jose's Willow Glen neighborhood is selling for $800,000. The Realtor said the asking price is reasonable given the housing market and its location. But regular people find the price out of sight. “Growing up here, I think it's
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Payday lending reforms struggle to get off the ground amid FBI probe

As reports about the payday lending industry have been linked to an FBI investigation and the resignation of the Ohio House speaker, Republicans on Wednesday stopped short of accepting regulations that, supporters say, would help desperate borrowers avoid a cycle of debt. Heading into the House
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British expert argues for Coles and Woolies to get into banking

The decline in trust in the major banks presents an ideal opportunity for the country's two large supermarket chains to expand in financial services, according to the former chief executive of Tesco Bank in Britain. Benny Higgins, who was CEO of Tesco Bank for 10 years until February, believes Coles and
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