Local US Officials Woo Chinese Investment Despite Trump Threat

“We view it as very important,” said Kristi Tanner, senior managing director of JobsOhio, in a March 18 phone interview during a business trip in Fuzhou, China. She said that in meetings with companies and provincial leaders, she used Fuyao Glass, a Chinese automotive glassmaker whose factory in
See Original Article

Police say that they have arrested the head of a computer crime collective, alleged to have stolen millions of dollars from banks around the world after infecting them with malware. For the past five years the hacking gang has attempted to infect banks and financial institutions in more than 40 countries
See Original Article

Shinnecock Partners, a 28-year old family office boutique with significant expertise in alternative finance and fintech, has published “Creative Collateral: Lending Against Fine Art,” by the firm's founding partner, Alan C. Snyder and co-authors/firm analysts Michael Cervino and Christian Williams.
See Original Article

“We recognize that the negotiating and car buying process can be stressful,” Lakhbir Lamba, head of retail lending products at PNC Bank, said in a press release. “PNC Total Auto better prepares customers to make informed shopping and purchasing decisions by providing a fair, comparable price, and
See Original Article

The government's October 2016 mortgage insurance rule changes impacted originations among all three lenders. Home's single-family mortgage originations in 2017 were down 52% year-over year (though Q4 originations were up 126% from Q3). Meanwhile, Street's prime mortgage originations in
See Original Article

Heading into a competitive spring housing market, optimism that now is a good time to buy hit its lowest share in two years, according to the National Association of Realtors. In the first quarter of 2018, about 68% of consumers reported that now is a good time to buy a home, down from 75% a year ago
See Original Article

Before the summer starts in earnest, I thought that it would be a good idea to write down 10 things I think I have learned from this prolonged real estate downturn. It is kind of like my own final exam. Just closing the book and thinking about what wisdom I have gained over the past couple of years.
See Original Article

SANTA ANA, Calif.–(BUSINESS WIRE)–First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released the January 2018 First American Real House Price Index (RHPI). The RHPI measures
See Original Article

The licensing process for non-bank mortgage servicers will entail obtaining a $500,000 surety bond. You will also need to get a fidelity bond in a sufficient amount set by the authorities, and the bond should be approved by the Federal National Mortgage Association or the Federal Home Loan Mortgage
See Original Article

Fortune's profile of Edward Jones mentions the brokerage firm's regular bonuses, overnight family retreats and long list of community outreach events. Survey respondents also mentioned mentoring as “one of the most treasured traditions at Edward Jones.” (Edward Jones also was No. 1 in last year's
See Original Article

Pirum has added five firms to the Design Partner Group (DPG) of its Securities Financing Transactions Regulation (SFTR) reporting solution, in partnership with IHS Markit. The five firms joining the DPG are Citi, Morgan Stanley, RBS, UBS and Vanguard. The Pirum/IHS Markit SFTR reporting solution
See Original Article

But the firm, through an affiliate, also has made unannounced real estate purchases, and Woo indicated there will be more. In early February, a Foxconn-related entity called Adams Street Development LLC bought 39.6 acres of land in Sturtevant. That parcel, immediately northeast of Highway H and
See Original Article

(Bloomberg)—Chinese investment in U.S. commercial real estate is falling, an ominous sign for landlords with buildings to sell. … Buyers from China helped propel real estate values to records following the recession, with deals such as the 2015 purchase of Manhattan's Waldorf Astoria by Anbang
See Original Article

Researchers in China sequenced the genome of the American Cockroach, the largest insect genome sequenced to date besides that of the locust. Al Barry—Getty Images. By Grace Donnelly. 12:11 PM EDT. The second-largest genome ever sequenced belongs to a small but fascinating creature. Called
See Original Article

Seattle kicked off 2018 the same way it spent the prior year and a half, as the hottest real estate market in the country, with no slowing down. The cost of the typical single-family house across the Seattle metro area grew 12.9 percent in January from a year prior, according to the monthly Case-Shiller
See Original Article

Real Estate just wrapped up a series of shows last month, and now the easygoing indie outfit has announced a new batch of North American dates in … Late last year, Real Estate found themselves in the spotlight when the band revealed they fired former guitarist Matt Mondanile for “unacceptable
See Original Article

U.S. home prices posted another big gain in January, pushed higher by a shortage of homes for sale. Standard & Poor's said Tuesday that its S&P CoreLogic Case-Shiller national home price index climbed 6.2 percent in January from a year earlier. That nearly matches December's 6.3 percent gain,
See Original Article

A bank with a number of branches in York County has expanded outside of York County into Cumberland County. York Traditions Bank which announced last week that it changed the name of its mortgage services division to Traditions Mortgage, has opened a loan production office in Camp Hill to
See Original Article

The European Securities and Markets Authority (ESMA) has today updated its questions and answers (Q&As) on the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR) regarding commodity derivatives topics. These Q&As provide clarification on issues related to the MiFID
See Original Article

Apple put students and teachers center stage at an education event in Chicago on Tuesday. The presentation was a decidedly software-focused affair, with just one new device, an updated iPad, unveiled. Instead, Apple focused on software and services for schools as it tries to compete with Microsoft
See Original Article