Lending Club (LC) PT Lowered to $4.25 at Stifel on 4Q Report; 'Mixed Qtr as EBITDA Beats …

Stifel lowered its price target on Lending Club (NYSE: LC) to $4.25 (from $4.50) while maintaining a Hold rating, following the company's fourth quarter earnings report. Analyst John Davis notes a reduced price target on the shares, as LC reported fourth quarter earnings per share and revenues below
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Despite the rosy outlook for home prices over the next few years, homes today are less valuable than they would be if the recession had not happened. If the housing bubble and bust had not happened, and home values had instead appreciated at a steady pace the median home value would be about
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Waterman said IDL first became aware of the dock issues when a title company representing Borlase contacted IDL, asking whether a permit for the dock existed. “After gathering past records on the property, we discovered the dock on his property was never permitted and had been altered after 1974
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Generally speaking, lenders want their customers to borrow. In fact, they need them to. They are, after all, in the business of lending, and if nobody is borrowing, they'll soon go out of business. … In the new world of digital banking, the want (/the need?) to lend is a source of great embarrassment. Credit is
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Pratt & Whitney has proposed dropping an engine modification that grounded almost a dozen Airbus SE A320neo jets as it works to fix the latest glitch plaguing the program, according to people familiar with the plan. The move involves replacing a new engine seal with an older one scrapped amid
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South Africa's ruling party took a political gamble by increasing sales tax ahead of elections next year as new President Cyril Ramaphosa seeks to stabilize debt and prevent a third junk credit rating. The value-added tax rate will be raised to 15 percent from 14 percent, the first time since the end of
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Self-driving cars need painfully detailed data on every inch of street. Can automakers solve the problem without the reigning superpower of maps? Source: Mapbox. By. Mark Bergen. @mhbergen More stories by Mark Bergen. February 21, 2018, 2:00 AM PST. From. On any given day, there could be a
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The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 6.6% in the group's seasonally adjusted composite index for the week ending February 16. Mortgage loan rates rose again last week on four of five loan types that
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According to MassHousing, the over $10 million financing will resolve the expiring affordability restrictions from the state backed Section 13A mortgage on the 96 East Boston Rehab units. The Section 13A program was created by the Massachusetts Legislature in the 1970s to provide low-interest
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Since its launch in late 2014, Freddie Mac's SBL offering has funded a total of more than $13 billion and over 5,000 loans. Greystone was … Freddie Mac's Small Balance Loan offering provides a competitive option for loans between $1 million and $7.5 million on multifamily properties of 5 units or more.
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Many homebuyers find mortgages to be intimidating and uncomfortable. After all, when you shop for a mortgage, you compare numbers you're probably not used to looking at. And when you apply, you submit your most private information to strangers, who will judge your fitness for homeownership.
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The number of buyers financing with an FHA mortgage: Buyers using an FHA mortgage sometimes put as little as 3% down. This and other FHA benefits increase the likelihood of being approved. Percentage of buyers with less than prime credit (below 680): Since first-time homebuyers might have a
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Orthofix International logo Orthofix International N.V. (NASDAQ:OFIX) has been assigned an average recommendation of “Buy” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued
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The outlook for the real estate sector is positive on the back of upbeat new construction data and encouraging homebuilder sentiment. New residential construction rose in January after housing starts reached the highest level in more than a year. Additionally, building permits reached its best levels in
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SCOTUS stiff-arms Fannie, Freddie investors. Reuters's Lawrence Hurley: “The U.S. Supreme Court on Tuesday declined to revive litigation in which shareholders accused the federal government of overstepping its authority when it restructured mortgage finance firms Fannie Mae and Freddie Mac
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Massachusetts Financial Services Company decreased its stake in Teleflex Inc (TFX) by 21.37% based on its latest 2017Q3 regulatory filing with the SEC. Massachusetts Financial Services Company sold 45,824 shares as the company's stock rose 9.27% with the market. The institutional investor held
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Supreme Court declines to wade into fight over Fannie, Freddie profits. The U.S. Supreme Court on Tuesday declined to intervene in a fight over the government's handling of mortgage-finance giants Fannie Mae and Freddie Mac, a setback for investors seeking gains from the firms' return to profitability.
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The Stochastic Momentum Index (SMI) for Freddie Mac 5.7 Pfd (FMCKP) has dipped below -40, reaching key levels. The most common method of using SMI is to look for buy trades when the SMI falls under -40 and then rises back above through -40. Sell trades are looked for when the SMI rises above
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Photo: Mark Bell A Gated Community in Kingston. The Real Estate Board/Commission of Strata Corporations (REB/CSC) will be hosting a series of public consultations to address common concerns towards drafting of the gated communities legislation, starting on Wednesday, February 21 at the Golf
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Lending to small businesses (SMBs) among top U.K. banks failed to grow last year, according to new data from the British Business Bank, which found evidence SMBs are turning to other sources of financing. “There is evidence that small businesses are exercising more choice,” said Keith Morgan,
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