A postal banking system could be a major boon to the financially strained Postal Service. If even 10 percent of the money Americans currently spend on interest and fees for risky financial products went toward postal banking loans that cost 90 percent less, the Postal Service would gain almost $9 billion
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The Market Composite Index, a measure of mortgage loan application volume, fell by 0.2% on a seasonally-adjusted basis for the week ending April 20th, 2018, according to data from the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey. On an unadjusted basis, the Market
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MCLEAN, Va., April 25, 2018 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB:FMCC) today announced an approximate $497 million Seasoned Loan Structured Transaction (âSLSTâ) of a pool of seasoned re-performing loans from its mortgage-related investments portfolio. This will be the fourth SLST
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The agency's biggest concern is the companies' exposure to rising AOB claims. Given that the government-sponsored enterprises Fannie Mae and Freddie Mac require mortgage loans to be insured by companies with a rating of âAâ or better, downgrades could move hundreds or even thousands of
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Mortgage application volume fell slightly during the week ended April 20, as the average contract interest rate for a 30-year fixed-rate mortgage climbed to its highest level since September 2013. According to the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey, total
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A number of other institutional investors and hedge funds have also modified their holdings of ORI. Renaissance Technologies LLC boosted its stake in shares of Old Republic International by 16.2% in the 4th quarter. Renaissance Technologies LLC now owns 9,023,085 shares of the insurance
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Lending Club, the technology lender, is taking it on the chin Wednesday after the Federal Trade Commission charged the company with misleading customers. Shares were down 8.2% by 12:56 p.m. ET, according to Markets Insider data. The FTC alleges the company falsely told “consumers they would
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Since 2015, FHA mortgage loans have been more attractive than private or GSE loans for borrowers. … According to the April Housing Finance At A Glance Chartbook by the institute Private Mortgage Insurance (PMI) companies are joining the race to cut insurance premiums that will likely offset the
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BBC TV legend Sir David Attenborough was in Liverpool to launch the new documentary series Dynasty to more than 700 international buyers at the BBC Worldwide Showcase event. Vijaya Cherian meets the team behind the latest documentaries Dynasty and Serengeti, to understand the new
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New proposed Trump administration regulations aim to make how much hospitals charge patients more transparentâa continuation of federal Obama era initiatives to pull the curtain back on the notoriously opaque American health care system by making hospital service charges easily available online.
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Metals markets were thrown into turmoil by the sanctions on Rusal, the biggest aluminum maker outside China. Aluminum surged to a six-year high, while producers scrambled to find supplies of alumina, the key raw material that Rusal makes in Ireland and Jamaica. The U.S. decision to ease the
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Austria's largest real estate associations and brokerage network have set out to build a brokerage platform based on the Multiple Listing System, or âMLSâ for short, from the US and Canada, according to a recent report by derStandard.at. The Association of Real Estate Trustees (WKÃ) along with the
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A year after Ontario launched its foreign buyers' real estate tax, the province has raised about $41 million and steadily reduced the number of off-shore property transactions in the Greater Golden Horseshoe area to about 1.6 per cent in February 2018, from about 4.7 per cent in May. New numbers
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Real estate brokers are finding greenbacks in green home sales, according to a new study released by the National Association of Realtors (NAR). Sixty-one percent of real estate brokers surveyed by the trade group stated that consumers are interested in sustainability in their potential homes, while 71
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Elliott Byrd, a Texas State University student with ties to Fredericksburg, recently won a total of $60,800 in cash and prizes on the Wheel of Fortune game show. The college senior appeared on the Tuesday, April 3 episode of Wheel of Fortune's College Week Spring Break and also won trips to the
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“By consolidating the historical links they have built with the agricultural world, the two companies want to offer the agricultural sector a partnership of reference. It will be built around prices and volumes to provide fair compensation to farmers, over an extended period of time.” just-food has contacted
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The adjustable-rate mortgage share of activity decreased from 6.6% last week to 6.5% of total applications. The Federal Housing Administration share of applications decreased from 10.6% last week to 10.2% this week, and the Veterans Affairs' share of applications decreased from 10.4% last week to
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I confess: I'm loving the squabbling going on in San Francisco over electric scooters. Ever since St. Patrick's Day, the city has been dealing with a contagion of the transportation rentals, scattered downtown and on main thoroughfares. Three startups are responsible: Bird, LimeBike and Spin.
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Hank Azaria, the white actor who has long been the voice of a cartoon Indian stereotype, turned himself into an ally last night. Azaria is the voice of Apu Nahasapeemapetilon, a character on the long-running show The Simpsons. Apu owns a Kwik-E-Mart and speaks in a stereotypical Indian accent while
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The knock-on effect has been Temple Fortune winning three hard ties in the Barry Goldstein Trophy to reach the Club's second final in this competition. Under the continued leadership of chairman Nigel Kyte, who was one of the original founders, the Club has a brilliant MGBSFL management team of
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