Guild Mortgage seeks Midwest growth with new acquisition

Guild Mortgage seeks Midwest growth with new acquisition

“It has been the fastest growing mortgage banker in Missouri for six straight years and ranked as a Top 25 place to work in local surveys during the same period. We have been admiring their organization for several years and are pleased to enter 2018 with such a strong new presence in the Midwest.”
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GE Shares Dive on $6.2 Billion Charge for Problems in Its Finance Unit

The after-tax charge will be $7.5 billion when adjusted to the rate following the recent U.S. tax overhaul, GE (ge, -5.36%) said Tuesday in a statement. The finance unit, GE Capital, will make statutory reserve contributions of about $15 billion over seven years following a lengthy review of the North
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Macy's, Inc. Real Estate Sales Will Continue in 2018

Macy's real estate partnership with Brookfield Asset Management could become another big source of real estate gains starting in 2018. For the past year, a dedicated team at Brookfield has been looking at options for additional development (or redevelopment) at roughly 50 properties owned by Macy's.
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Bank of America (BAC) 4th Quarter Earnings: What to Expect

The economic prospects for some of the nation's largest banks, particularly as it relates to stronger economic growth, pace of lending, less regulation and interest rates, are all finally moving in the right direction. And that hasn't always been the case. But with better-than-expected earnings results
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UPDATE 1-China need not hike its benchmark rate near-term – c.bank advisor

The latest Reuters poll forecast that the PBOC would keep its benchmark lending rate unchanged at 4.35 percent at least through the second quarter of 2019. Sheng expected the yuan , which has gained just over 1 percent against the dollar this year after strengthening 6.8 percent in 2017, to be
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Former FNB boss Jordaan takes step towards launching new bank

Backed by ex-FNB CEO Michael Jordaan‚ Bank Zero looks set to become SA's newest mutual bank and will be 45% black-owned. “It also provides for a capital efficient framework‚ and Bank Zero will be sharing the subsequent cost benefits with its customers.” If Bank Zero manages to launch this year‚ it
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Ryan McDonald's Good Fortune Is to Be Cooking

From there, Corey Smale, the co-founder of Strange Donuts, tapped McDonald to help realize his vision for a Chinese/American restaurant called Good Fortune (Brazell is a consultant). McDonald admits that being tapped to lead the kitchen at the Chinese-inspired kitchen has been a steep learning
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Mortgage rates climb amidst bond market sell-off

“After dipping slightly last week, Treasury yields surged this week amidst sell-offs in the bond market,” Freddie Mac Deputy Chief Economist Len Kiefer said. “The 10-year Treasury yield, for instance, reached its highest point since March of last year. Mortgage rates followed Treasury yields and ticked up
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When green is the new black in real estate

THE elusive search for a Philippine-relevant environmental green standard for building and construction may finally come to an end. I first heard of Building for Ecologically Responsive Design Excellence (Berde) via Dino Mañosa of Mañosa Properties many moons back when their projects became the
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Michael Jordaan behind new digital-only bank

Former First National Bank CEO Michael Jordaan on Tuesday revealed in a tweet that he is backing a new digital-only bank, called Bank Zero, to be launched in South Africa later this year. In a post on Bank Zero's newly launched website, the venture revealed that it has secured a mutual bank licence
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7 things to know today and Orlando housing market ends 2017 with uptick in sales, median price

“We also expect low inventory to continue to exert its influence on the market in 2018, especially in the highly desired lower-priced categories,” said Nimkoff. “In fact, the lack of affordable housing in Orlando is a concern that Realtors anticipate will be at the forefront of community discussion in 2018.”.
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Stockholm Has Too Many Hotel Rooms and It's Hurting Share Prices

Pandox, whose hotel-property portfolio consists of 143 hotels in 15 countries, declined to comment on the Stockholm market as it's in a so-called silent period before fourth-quarter results on Feb. 15. Instead, it referred to its third-quarter report, in which it said that while the Nordic countries continued to
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Banks are on the hunt for tech veterans

Mr Knapp joined Citi FinTech in 2016 to build a team of technology specialists, a few months after the bank had launched the division to “design and deliver the bank of tomorrow”. Having spent 16 years at Amazon, latterly in software development, his move meant he joined a tribe he says will become
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GE to Take $6.2 Billion Charge Tied to Long-Term Care Insurance

General Electric Co. will take a $6.2 billion charge for the fourth quarter as the manufacturing behemoth grapples with lingering problems in a legacy insurance business. The after-tax charge will be $7.5 billion when adjusted to the rate following the recent U.S. tax overhaul, GE said Tuesday in a
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Why small (but growing) is beautiful

2017 was a momentous year for bridging, with annual lending breaking through the £3bn figure for the first time. But before we get carried away, we need to bear in mind this is equivalent to only around one 19th of the residential mortgage market. By its very nature, bridging is a niche lending market
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Durham sees steep decline in boarded-up houses

The siding was painted sky blue. The house is one of the hundreds that has gone from boarded up and violating the housing code to back on the city's hot real estate market. Since 2011, the number has fallen more than 95 percent, going from 502 boarded-up houses in 2011 to just 24 at the end of last
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Why the Deadly 2018 Flu Season Could Get Even Worse

The influenza virus that's sickened millions of Americans is already the most widespread outbreak since public health authorities began keeping track more than a dozen years ago. Now, with the threat of more strains emerging, it might get even worse. “Flu is everywhere in the U.S. right now,” said Dan
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Real Estate Startup Homie Expands into Arizona

After launching in Utah in 2015, real estate tech startup Homie is now expanding to Phoenix, HousingWire staffer Ben Lane reports. The company boasts that it can save home sellers an average of $10,000 by utilizing technology throughout the home selling process. Rather than working with a single
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