Maine Law Would Use Reverse Mortgage as Anti-Foreclosure Option

A bill before Maine lawmakers would require local governments to tell seniors facing foreclosure about the potential of taking out a reverse mortgage. The proposed legislation — titled “An Act to Protect the Elderly from Tax Lien Foreclosures” — explicitly directs local municipalities to tell homeowners in
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Canada's alternative mortgage lenders are not getting the anticipated boost to business from the introduction of tougher mortgage qualification rules that took effect three months ago. Credit unions and other non-bank lenders were expected to see a bump in business after Canada's banking regulator,
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The institutional investor owned 180,011 shares of the industrial products company's stock after buying an additional 175,941 shares during the quarter. Millennium Management LLC owned 1.40% of Standex International worth $18,334,000 as of its most recent SEC filing. Other institutional investors
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Analysts expect TPG Specialty Lending, Inc. (NYSE:TSLX) to report $0.46 EPS on May, 2.They anticipate $0.01 EPS change or 2.13 % from last quarter's $0.47 EPS. TSLX's profit would be $27.79 million giving it 9.71 P/E if the $0.46 EPS is correct. After having $0.45 EPS previously, TPG Specialty
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Building disasters are common in Indian cities where millions are forced to live in crammed, run-down properties due to spiralling real estate prices and a lack of proper housing. Activists say owners often cut corners on construction to save costs with little regard to safety. Some 30 people perished in
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Small Business Trends connected with Virginia Phillips about the “90 day video challenge” she just completed on Facebook Live, why she did it and what the positives are. … Faith Young, a successful Denver real estate agent, spoke and challenged the audience to do a 90 day challenge. I knew it would
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The real estate sector performs relatively in-line with the wider economy. Prosperous periods bring about high growth and inflation, leading to strong returns in real estate investments. Mirvac Group and Vicinity Centres are real estate companies that are currently trading below what they're actually worth.
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People finding real-world REITs too sober, opaque, or boring, may soon be able to invest in slivers of digitally-tokenized real restate in the tony heart of Europe. If their forthcoming ICO-funded venture succeeds, Switzerland-based Swiss Real Coin will soon be offering a Blockchain token-based RE
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Barclays' £1bn transformation is complete as the bank became the first in the UK to switch on its “ring-fence” – splitting up its investment bank from its retail bank. It used the extra bank holidays over the Easter weekend to make the move, meaning it could switch off its online banking service overnight
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Federal safety investigators say they're displeased with Tesla Inc.'s disclosures about the March 23 crash involving one of its vehicles that killed a California driver. The electric-car maker run by billionaire Elon Musk said in a blog post late Friday that computer logs recovered from the Model X driven by
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Japan's 105 regional banks are approaching “grave conditions” as loan demand remains weak, competition intensifies and the country enters its third year under a negative interest rate policy, the new head of the Japan Bankers' Association has warned. In his first interview as chairman of the JBA, Koji
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The veteran local governor of the Siberian region of Kemerovo has resigned over a shopping-mall blaze last week that claimed more than 60 lives. Aman Tuleyev, who's been governor of the Russian mining region since 1997, said the decision to submit his resignation was the “right, conscious and only
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Several other hedge funds and other institutional investors have also added to or reduced their stakes in DOOR. Sei Investments Co. raised its position in Masonite International by 448.6% during the third quarter. Sei Investments Co. now owns 147,245 shares of the company's stock valued at
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Rent and home prices are tied directly to the economy and housing market but are also affected by vacancy rates in housing. As discussed last fall, the city's 2017 summer rent survey found that the vacancy rate for apartments in Fairfield had fallen to 1.21 percent, which is a very, very tight housing
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Biglari Capital Corp decreased its stake in Investors Title Co (ITIC) by 24.05% based on its latest 2017Q4 regulatory filing with the SEC. Biglari Capital Corp sold 9,500 shares as the company's stock rose 0.07% while stock markets declined. The hedge fund held 30,000 shares of the specialty insurers
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Author Divesh Mishra has worked with two leading banks, SBI Group and HDFC followed by his own enterprise. He firmly believes that banking is fun and anyone having a flair for meeting people and an ear to listen can flourish as a banker. Generally, banking is considered a dull subject but in this book
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The Company might wish to ask an employee to delete a #MeToo social media post. But that raises other concerns. The Company could risk violating the NLRA by asking the employee to delete the post. It could also be used as evidence of retaliation under Title VII. More practically, telling an employee
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Ricky and Kathy Muller of Riverhead announce the engagement of their daughter, Amanda, to Robert Rodecker of Mastic, son of Richard Patterson and Nicolette Marsiello-Rodecker-Patterson of Bayside, Queens, formerly of Mastic. Amanda is a 2009 Riverhead High school graduate and a 2013
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Most of the major Chinese investment in the region has been in buying and upgrading existing hotels such as the Los Angeles Airport Marriott and Sheraton Gateway Los Angeles, and prominent sites for mixed-use development in Beverly Hills and downtown Los Angeles, most of which is still going
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