India Invokes Rarely-Used Measure to Gain Control of Realty Firm

There are currently about 19,000 home buyers awaiting possession of flats or houses, while the company has defaulted on payment of 6 billion rupees ($93 million) to more than 15,000 small depositors, according to the petition, sections of which have been seen by Bloomberg. The company has also
See Original Article

7 issued new rules on how banks estimate the risk of mortgages, loans and other assets. The compromise, reached after fierce lobbying by the industry, will cause “no significant increase” of overall capital requirements, the regulator said. For some big banks, capital demands will actually decline.
See Original Article

Director and producer Bryan Singer is being sued for allegedly raping a 17-year-old boy. Singer, best known for directing several X-Men films, is accused of raping the boy at a party in 2003. The alleged victim, Cesar Sanchez-Guzman, filed a lawsuit against the director on Thursday. Singer has denied
See Original Article

Read 1 Answer from lawyers to Title company is saying that the Quickclaim Deeds that myself and my cousin signed aren't good after 17 years. – Arkansas Real Estate Law Questions & Answers – Justia Ask a Lawyer.
See Original Article

UK banking stocks have made big gains after global rules designed to prevent a repeat of the 2008 financial crisis proved softer than investors initially feared. The changes, which complete an update of the world's financial rulebook, known as Basel III, were agreed at a meeting of international financial
See Original Article

This article originally ran in Term Sheet, Fortune's newsletter about deals and dealmakers. Sign up here. Hans Tung, a managing partner at GGV Capital, has been a U.S.-China investor for more than a decade. His portfolio includes Xiamoi, Airbnb, Wish, and muscal.ly. Fortune spoke with Tung about
See Original Article

Edison International logo Great West Life Assurance Co. Can increased its stake in Edison International (NYSE:EIX) by 5.9% during the third quarter, according to its most recent filing with the SEC. The fund owned 446,566 shares of the utilities provider's stock after buying an additional 24,864 shares
See Original Article

Oil rose, paring a second weekly loss, as strong Chinese crude imports allayed concerns that U.S. markets may remain oversupplied. Futures climbed 1.4 percent in New York, paring this week's loss to 1.5 percent. China's crude oil imports rebounded from a one-year low to near a record amid signs the
See Original Article

There were 3,177 home closings in the Nashville area last month, a 6.7 percent increased compared to November 2016. … The median price for a condo sold in November was $216,751, up from $182,390. … “Middle Tennessee is still on track to end 2017 with a record year for our housing market.
See Original Article

Traffic sucks, so why not start your morning off with some music? You provide the toast and we'll provide the jams. Error loading player: No playable sources found. I have a whole sermon written in my head about what “emo” music is and what it is not, but I'll save that for another day. Maybe it's just a
See Original Article

Unitech, once the country's second largest real estate firm after DLF Ltd, owes a total of over Rs7,800 crore to 16,300 home buyers in 61 projects, according to data collated by Mint. The MCA petition, parts of which were seen by Mint, cites the fate of 19,000 home buyers, 15000 small depositors and 7
See Original Article

Jelena McWilliams, an immigrant born in the former Yugoslavia who moved to the U.S. on her 18th birthday, has been a quiet force for years in shaping Republican policy on the banking industry. Her stature is about to expand greatly. President Donald Trump, who has set a broad agenda to loosen
See Original Article

FRANKFURT, Germany – A global forum of banking regulators has finished its yearslong work on rules that aim to keep weak banks from needing taxpayer bailouts and setting off financial crises like the one that led to the Great Recession. The oversight board of the Basel Committee on Banking
See Original Article

President Donald Trump's approval rating continues to fall, and most Americans believe senior members of his administration definitely or probably had improper contacts with the Kremlin during last year's election. That's according to a new Pew Research Center study, which also found that most
See Original Article

CATIC has hired Damon Carter as senior vice president and chief human resources officer, the company announced. “We are thrilled to have Damon join our team,” CATIC President and CEO James M. Czapiga said in a release. “The depth of his knowledge and experience will be invaluable to the
See Original Article

On Thursday the U.S. Department of Housing and Urban Development reversed its position on Property-Assessed Clean-Energy loans such that properties encumbered with clean-energy obligations will soon not be eligible for mortgages insured by the Federal Housing Administration. In the North Bay,
See Original Article

The March 21, 2013, issue of the CFPB Bulletin discusses the potential for pricing disparities on the basis of race, national origin, and other factors on indirect auto lenders for car loans. Indirect lenders with disparities in their portfolio may be liable under the legal doctrines of both disparate treatment and
See Original Article

“Despite the myriad of changes we have seen in the investment lending space over the last 12 months, investors remain active in the Australian property market. “Looking forward, with interest rates continuing to sit at historical lows, I think we can expect to see continued strong demand from investors.
See Original Article

The national limit for FHA-insured Home Equity Conversion Mortgages (HECMs), or reverse mortgages, will increase to $679,650 from $636,150. This limit applies to all HECM mortgages, regardless of where the property is located. These new limits will be effective for FHA case numbers assigned on or
See Original Article

New home sales rose 6.2% in October to a seasonably adjusted annual rate of 685,000 homes, the highest pace since October 2007, just before the beginning the stock market “crash of 2008”. This report shows strongest sales for lower-priced entry level dwellings, not the high-priced luxury homes sold
See Original Article