The Department of Housing and Urban Development's (HUD) Community Development Block GrantâDisaster Recovery Program has awarded nearly $28 billion to support long-term disaster recovery in hard-hit areas in nine states, Puerto Rico and the U.S. Virgin Islands. This represents the largest
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For years, fintech companies have collected consumers' bank data when they willingly hand over their bank credentials to use a service. However, only a handful of banks are sharing financial data with third-party developers through a more secure and modern method: application programming
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The FBI was seeking documents related to Donald Trump's purported affairs with an ex-Playboy model and an adult film star when it raided the president's longtime lawyer Michael Cohen, according to a person familiar with the matter. Monday's raid on Cohen's office, home and hotel room steps up the
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In February, brothers Jason Boykin and Shannon Boykin also pleaded guilty for their role in conspiring with others to rig bids, designating a winning bidder to obtain selected properties at public real estate foreclosure auctions. Co-conspirators made and received payoffs in exchange for their agreement
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After becoming a dominant payments company in China, Ant Financial focused on international markets by buying a stake in Indian payment firm Paytm and Pakistan-based Telenor Microfinance Bank. Its attempt to buy U.S. money transfer company MoneyGram International was blocked at the start of
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Quovo, a fintech company that leverages data to provide insights alongside connectivity for financial accounts, announced on Tuesday the launch of its new products, Income + Expense, that equip lenders with insights to streamline and improve key processes in the lending value chain, adding to the
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The future secondary mortgage market entities will receive high investment grade ratings, even as there is no clarity on their scope or form, Fitch Ratings said. These bodies, whether they are totally new entities, a recast Fannie Mae and Freddie Mac or some hybrid of both that comes out of the housing
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And moderate Senate Democrats, whose support was critical in advancing the banking bill, have sent their own message in recent weeks: They won't vote on this bill twice. “They did the best they could to come up with a strong bipartisan bill,” said Paul Merski, executive vice president for congressional
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Avendus Capital has appointed Puneet Renjhen as executive director, Investment Banking, as the financial services firm aims to focus on bigger and multi-dimensional transactions. Renjhen, till recently worked with Standard Chartered and prior to that was with Citigroup, Kotak and Lazard in Investment
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Peter Izard, business development manager at Investec Private Banking, said: “By simplifying and strengthening our mortgage proposition we have clearly positioned Investec Private Banking as the 'go to' lender for high net worth borrowers, offering clients extensive choice and flexibility to meet their
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Johannesburg – The Lions have received some good news on the injury front with Warren Whiteley, Ross Cronje, Rohan Janse van Rensburg and Aphiwe Dyantyi all expected to be cleared for their upcoming Australasian tour. FIXTURES: Super Rugby 2018. The Lions leave on Tuesday, April 17 for
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Commuters wait to board a 5 train to arrive at the 14th Street-Union Square subway station in New York. Photographer: Craig Warga/Bloomberg. Corey Johnson, the speaker of the New York City Council, said he will push for half-price subway and bus fares for residents living at or below the federal
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Striking a balance between default risk and credit access can be an onerous, if not impossible, task to undertake, Urban Wire reports. Take some recent, well-intentioned efforts by Fannie Mae, which tweaked its underwriting criteria to loosen access to mortgage credit. That move caused several private
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Phoenix-based Driggs Title Agency recently presented its first donation to Fresh Start Women's Foundation just two months after launching its Kindness Kwest app. The app, which inspires employees to give back to the community, is a tool developed in-house that utilizes gamification to build company
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Retiring Baby Boomers trying to downsize their living quarters are competing for the same smaller housing units with Millennials just entering the real estate market, Wingert said. In addition, huge student-loan burdens have led young people to delay purchasing homes by about five years, he said.
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Nationstar Mortgage (NYSE: NSM) and PennyMac Financial Services (NYSE:PFSI) are both small-cap finance companies, but which is the better business? We will contrast the two companies based on the strength of their institutional ownership, earnings, valuation, profitability, dividends, risk and
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When Richard Cordray was director of the Consumer Financial Protection Bureau (CFPB), the agency averaged two to four enforcement actions per month. But since Cordray left the agency in late November, the CFPB has not taken any enforcement actions against the financial services industry.
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This replaces the traditional practice of having to secure a physical title before funding is processed,â the company explained in a news release. Furthermore, dealers can conveniently manage the non-auction funding process and also monitor the status of their funding requests in real-time. To save
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The only catch is that often, the way for consumers to squeeze more value from their data it to securely “share” it with a rival bank or financial technology or “fintech” firm. Treasurer Scott Morrison is even pushing for an government-mandated system to allow such sharing, known as “open banking” (more
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The increases in Durham-Chapel Hill are outpacing the statewide average rise in the housing price index, which sat at 5.2 percent in February. Raleigh is a different story. While prices continue to rise in the City of Oaks, the state's capital is not outpacing the statewide average, according to CoreLogic's
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