Fannie Mae and Freddie Mac had a 9% increase in total foreclosure prevention actions taken during 2017 as a result of three September hurricanes, according to the Federal Housing Finance Agency. This was accomplished through a 2,000% increase in the number of forbearance plans offered in the
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The company hasn't capitalized as well as Home Depot on the solid housing market, and last month Lowe's posted a 16 percent drop in profit for the fourth quarter and a nearly 2 percent drop in revenue. Analyst Neil Saunders of GlobalData Retail concluded at the time that âLowe's ability to capitalize on
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The tech company, which has recently dramatically increased its investment in original programming, is targeting the first half of next year to roll out the content â sometime between March and summer 2019. It's a high stakes battle. Among the stars Apple has recruited with its $285 billion in cash on
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The Nordic capital of Stockholm, Sweden, isn't exactly known for an accessible housing market. To sublease has become more common in Sweden, and the secondary market has for many become the first and only choice to work, study, and realize dreams in the big city. Liveable, a digital subleaser,
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Last week marked the 10-year anniversary of Bear Stearns' infamous collapse at the dawn of the global financial crisis caused by highly leveraged mortgage-back-security lending and related transactions – an event which allowed for today's crypto economy to emerge. It was also the week the topic of
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The porn star's most extensive interview since allegations became public that she once had an affair with Donald Trump brought 60 Minutes its best ratings in 10 years, according to overnight numbers. The program gathered more than 24 million viewers, according to preliminary figures from Nielsen
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Banks' culture needs to change to avoid a repeat of the financial crisis, New York Fed President William Dudley said Monday. Dudley called for multiple changes, including a shift in pay incentives away from rewards for short-term performance. Wall Street executives, more than shareholders, should take
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Cobb-based Delta Community Credit Union announced that home loan specialist Mattie Ford was honored with a 2017 Gold Award by the Mortgage Bankers Association of Georgia (MBAG). The award honors MBAG-member loan originators who demonstrate excellence in their field. A 20-year veteran
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BEIJING, March 26, 2018 /PRNewswire/ — Xinyuan Real Estate Co., Ltd. (“Xinyuan” or the “Company”) (NYSE: XIN), a NYSE-listed real estate developer and property management company operating primarily in China and also in other countries, today announced that its 100% owned subsidiary
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The report found that the FHA and the VA loans reflected above-average increases in average loan amounts, due to a higher leverage fueling more rapid price appreciation. Fannie Mae and Freddie Mac experienced a minimal increase of 1.3 percent, due to the growth of the smaller balance 97 percent
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Microsoft jumped 5.6 percent in midday trading and Bank of America rose 2.8 percent. Facebook fell another 2.9 percent after the Federal Trade Commission said it was investigating the company's privacy practices. Investors are encouraged by signs that the U.S. and China are open to negotiating to
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The North America boat market is expected to exhibit significant growth with the revenue market share value of 32.96% in 2016. This is mainly due to the continuously improving housing market and consumer spending. In turn, it is expected to boost the boat market growth during the forecast period.
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The 1,690-page consumer lending rule would require online and payday lenders to take steps to ensure their customers could repay the loans that would have left most of their customer bases ineligible for loans. The rules, enacted under the Obama administration and former director Richard Cordray,
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The music retailer, the largest in the country, is more than $1 billion in debt and the outlook for its namesake instrument isn't great. The problem, say guitar retailers, is the nation's shift in musical tastes. As rap and hip-hop have become pop sensations, guitars have been a less a key part of music.
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He put it back on the market in November with a price chop of $3 million. Myers last year sold his 443 Greenwich condo last year for $14 million â $675,000 less than he paid for the apartment just months earlier. A three bedroom, 3.5 bath condominium at 1049 Fifth Avenue took the week's No. 2 spot
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Because the property market is still stagnant, lenders are focusing on shoring up existing borrowers, attracting switchers and offering all kinds of incentives (silly and otherwise) to persuade people to move their money. The biggest incentive, however, should always be a consistent lower interest rate, not
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Agency MBS have a guaranty of principal payment by an agency of the U.S. government or a U.S. government-sponsored entity, such as Fannie Mae and Freddie Mac. Investors sentiment increased to 1.07 in 2017 Q3. Its up 0.07, from 1 in 2017Q2. It increased, as 59 investors sold TJX shares while 374
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Deutsche Börse is to work with liquidity and collateral management outfit HQLAx and blockchain consortium R3 to create a front-to-back operating model for securities lending. In other words, it is a securities lending solution, using the R3 Corda blockchain platform, which aims to mobilise liquidity across
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HSBC UK is introducing a range of 95% LTV mortgages, which will be available initially through its broker partners. Product features include: competitive interest rates starting from 3.49% for a 2-year fixed rate with free valuations and on product fee and for mortgages available up to £400,000.
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FILE PHOTO: Guo Shuqing, China's newly appointed banking regulator, attends a FILE PHOTO: Guo Shuqing, China's newly appointed banking regulator, attends a news conference ahead of China's parliament in Beijing, March 2, 2017. To match Special Report CHINA-RISK/SHADOW
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