He has uncovered dreadful lending practices by banks and mortgage brokers. The worst was NAB employees in Greater Western Sydney accepting cash bribes over the counter to facilitate loans they knew were based on fake documents. The fraud and bribery came with the manipulation of a mortgage
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Of note is that DocMagic has been at the forefront of developing award-winning technology that facilitates a complete eMortgage solution for the entire supply chain that fully supports an end-to-end, completely paperless digital mortgage process. This includes from the point-of-sale through eClosing,
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Duty-free shops are the only other places to buy alcohol at Sky Harbor (there are two, in Terminal 4) but only travelers on international flights can buy booze … Visitors to OHSO Brewery in Terminal 2 at Phoenix Sky Harbor International Airport can take a growler of beer or a spirits sampler pack to go.
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According to a new report from Cushman & Wakefield, 209 real estate transactions were completed within the non-profit and public sector â up from 203 the year before â representing nearly 8.2 million square feet, a 28 percent jump on 2016's historic high. 2017 saw a total of 80 sales in the sector,
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At the 18th Real Estate Private Equity Summit, hosted by iGlobal Forum, there appeared to be a sense that this real estate cycle may be endingâif not soon, then in the somewhat near future. Still, there is a lot of private money out there looking for investment opportunities, and many panelists detailed
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SHANGHAI, March 29 (Reuters) – China's top five lenders have raked in bigger annual profits and expect business conditions to continue improving this year, as Beijing's crackdown on shadow financing and high leverage makes core banking more profitable. The strong performance by the country's
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Saudi Crown Prince Mohammed Bin Salman met a group of religious leaders in New York, including two rabbis, a rare interfaith gesture for the de facto ruler of the conservative Islamic kingdom that allows negligible religious freedoms. The 32-year-old heir to the throne, currently on a three-week tour of
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Rep. Ted Lieu of California in his office. Lieu is highly critical of Donald Trump's transgender military ban. Tom Williams/CQ Roll Call. By Ted Lieu. 3:12 PM EDT. I initially viewed President Donald Trump's July tweet suggesting we ban transgender military personnel as unimaginably idiotic. I figured
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The company makes more money the faster it can buy and sell homes. It now also makes money by offering title insurance services and helping to secure mortgages. A key risk, these people say, is if the housing market cools, which is a growing concern as the Federal Reserve lifts borrowing costs.
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The Supreme Court issued prison sentences on March 28 for two key figures responsible for the bankruptcy of the non-banking companies Horizont Slovakia and BMG Invest in the early 2000s. Dávid Brtva received a nine-year jail sentence, while Patrik Pachinger was sent to prison for seven years.
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âI would recommend that investors act rationally, and by that I mean judge this administration by the actual performance that it creates,â Ross said Thursday in an interview with Bloomberg Television's Julia Chatterley. âDon't judge it by some sort of hallucination about some sort of bogeyman out there
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It was not long ago that Australia wicketkeeper Tim Paine was considering giving up the game entirely. Now he is set to captain the team as they look to pick up the pieces following the ball-tampering scandal. Paine was a surprise, and in some quarters unpopular, pick for the Ashes against England four
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Mike Brown recharges after Six Nations 'disappointment' by lending a hand at Dubai College coaching course. England player passed on his knowledge to the youngsters and is keen to get more involved in the future.
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As part of the 2014 Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac, the companies have three requirements they must meet each … Back in May, Freddie Mac updated its automated underwriting system to process applications from borrowers who don't have credit scores, or the
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Nathanial Oaks, a 71-year-old Baltimore Democrat, entered guilty pleas to one count of wire fraud and one count of honest services fraud, hours after he … letterhead in 2016 that contained false and fraudulent representations to a person he believed to be a U.S. Housing and Urban Development official.
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Barclays Capital Inc. has agreed to a $2 billion settlement of federal charges related to the company's underwriting and issuance of residential mortgage-backed securities (RMBS) between 2005 and 2007. The civil action, which was filed in 2016, capped a three-year investigation by the federal
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The largest percentage losers in the Shanghai index were China International Travel Service Corp Ltd down 7.01 percent, followed by Sanan Optoelectronics Co Ltd losing 6.41 percent and Wuhan DDMC Culture Co Ltd down by 6.27 percent. ** The top gainers among H-shares were China Telecom
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The department said the firm misled investors about the quality of the mortgage loans backing those deals and committed violations of mail fraud and bank fraud. According to the Justice Department's statement, Barclays disputes the allegations. The settlement resolves the British bank's largest
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Deutsche is looking to control costs and streamline its business, reports noted, though the financial institution noted it will continue to serve its customers in Portugal via its Corporate & Investment Banking unit. ABANCA, based in Spain, focuses on small- and medium-sized business banking services in
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The mania in China's property market has implications far beyond its borders. The prolonged boom, and the glut of demand it generates, has been crucial in supporting commodity exporting economies, such as Brazil and Australia, in the post financial crisis era. In 2016, according to the FT, property
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