Gulf Coast Bank expands SBA lending operations

New Orleans-based Gulf Coast Bank & Trust is adding to its Small Business Administration lending operations, headquartered in Texas, with the acquisition of American Business Lending. The Dallas firm has provided SBA loans to small businesses around the country for 11 years. Gulf Coast retained
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“Despite slowing growth trends across the Texas housing market, job market and economy in 2017, Texas luxury home sales volume has continued to grow at a booming pace. Rising home prices, high-end remodeling activity in major metro areas and relocation activity from out-of-state residents all
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Millburn & Co. acquired the asset. In addition, Matthew Williams of NKF Capital Markets secured a seven-year, $40 million Freddie Mac acquisition loan with two years of interest-only payments and a floating interest rate of 3.51 percent. The Place on Millenia offers one- to three-bedroom floor plans and
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MOSCOW, Dec 15 (Reuters) – Russia's central bank on Friday put the country's 10th largest private lender by assets under temporary administration, the … “As part of measures aimed at increasing (Promsvyazbank's) financial stability and ensuring its continued work in the banking services market, it is
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The number of past-due mortgage payments and of homes currently in some stage of foreclosure are the lowest they've been in 10 years, according to the monthly CoreLogic Loan Performance Insights Report. The report, which analyzes the health and progress of the mortgage market, revealed that
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The chairman of EU leaders, Donald Tusk, has said there is “broad convergence” on the idea of transforming the euro zone bailout fund, the ESM, into a European Monetary Fund and making it an emergency backstop for the euro zone's bank resolution fund — an idea that has been on the cards since
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NATWEST BANK HAS confirmed that it will be bringing in new security procedures after a warning from a researcher was greeted with a canned customer service response. Troy Hunt had warned Natwest that its homepage was not properly secured with HTTPS encryption, making it significantly more
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Banks operating in the US are required by law to take steps to ensure that the money they channel into the American financial system is clean. The documents do not suggest Deutsche Bank knowingly facilitated illegal activity – but they raise questions about how the banking giant processed hundreds
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WATERTOWN — The Jefferson County Board of Legislators is seeking to increase the fee it collects on mortgage taxes recorded by the county. New York state tax law allows the recording of mortgage taxes by a county for its processing of mortgage tax payments. While the tax revenue is split between
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“First-time homebuyers bought the most homes in a quarter since the third quarter of 2000, buoying the broader housing market that had slowed during this period, -1% growth compared to Q3 of 2016,” said Tian Liu, Genworth Mortgage Insurance chief economist. “The surge in first-time homebuyer
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Tocqueville Asset Management L.P. grew its stake in shares of Mondelez International by 5.6% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 304,617 shares of the company's stock worth $12,386,000 after buying an additional 16,275 shares during the last quarter. FineMark National
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Hunter Harrison, chief executive officer of Canadian Pacific Railway Ltd., speaks during an interview in New York on Nov. 20, 2015. Chris Goodney—Bloomberg/Getty Images. By Reuters. 9:39 AM EST. Acting CSX Corp Chief Executive Officer James Foote said on Friday he would run the No.
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The cryptocurrency Bitcoin is slowly seeping into the housing market, with a new study by the brokerage Redfin finding 75 listings nationwide where the seller will accept Bitcoin as payment. And at least one seller, a condo owner in Miami, insisted in Bitcoin payment only—33 coins, to be precise.
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It's been an up and down week for mortgage rates which are on track to finish the week slightly lower from where they started. Rates are poised to increase over the coming weeks and months so we're recommending borrowers take action sooner rather than later. Read on for more details.
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The latest rate hike, up by 0.25 per cent, and the ones to follow in short order will be leaving UAE mortgage takers with much higher instalment costs than what they had signed up for. Here's a typical example; assume an end-user made a 30 per cent down payment (Dh450,000) on a Dh1.5 million
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They can afford to buy homes. They just don't want to. That is the growing sentiment among older, wealthier Americans, who are now downsizing from big suburban homes and increasingly turning to the rental market. The number of higher-income rental households has doubled in the past decade,
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Mortgage rates today have so far only affected those who are floating certain government-backed programs. But lenders could raise them slightly going into the weekend, as is customary. Friday closes out the week with the Industrial Production report for November. Increasing production usually stems
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When NZ Finance Minister Grant Robertson announced this week that, come March, Adrian Orr will be the governor of the Reserve Bank of New Zealand, many were surprised. Orr, 55, is not a typical central banker. About a month ago, for example, Orr, chief executive of the New Zealand Super Fund
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HONG KONG, Dec. 15, 2017 (GLOBE NEWSWIRE) — Global online real estate marketplace Wealth Migrate today launched the WEALTHE Coin, a digital currency created to democratize access to wealth through international commercial and residential real estate ownership. Wealth Migrate allows for
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That housing has become a commodity and left to itself, “the market” and “the private sector” cannot deliver a sufficient supply of this commodity. The homelessness problem is more severe in the U.S. than in other advanced industrial economies because we have the smallest social (public) housing
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