MBA-NJ Executive Director Levy Challenges Predatory Lending Alleged by Consumer Advocates …

At a recent hearing on Assembly Bill No. 3119, which would require a six month forbearance period with foreclosure actions involving “high risk” mortgages when requested by the borrower. The loans affected include sub-prime mortgage loans that exceed the average prime offer rate by 1.5 percent, and
See Original Article

Scott Griffin had three loans with SunTrust Mortgage when the real estate market crashed in 2007. At that point, SunTrust non-renewed the loan on one of his properties, and attempted to foreclose. Griffin began digging into the particulars of his mortgage, and says he later realized SunTrust had never
See Original Article

The National Collegiate Athletic Association earned $1.06 billion in revenue last year, eclipsing the $1 billion mark for the first time as the governing body defends its business model in court. It's a 6.6 percent jump from fiscal 2016, in which the Indianapolis-based organization made $996 million,
See Original Article

Longtime Donald Trump associate Sam Nunberg said he loved the attention he received from a round of media interviews this week defying special counsel Robert Mueller but now plans to comply with the prosecutor's subpoena as quickly as possible. Nunberg also sought to clarify his on-air
See Original Article

Amazon is trying to stop its Amazon Echos, powered by the Alexa voice-activated assistant, from suddenly laughing. The online retail giant told to tech news publication The Verge on Wednesday that it is aware that some Echo Internet-connected speakers have a laughing problem and is “working to fix it
See Original Article

Alibaba Group Holding Ltd. shouldn't be known as anything but the Alibaba of China. Same goes for Tencent Holdings Ltd. At 55 percent (for Alibaba) and 51 percent (for Tencent), the duo's average revenue growth rates over the past eight quarters are almost double that of Amazon.com Inc.
See Original Article

International Women's Day is upon us. This year's theme is #PressForProgress, “a strong call-to-action to press forward and progress gender parity.” In the spirit of the holiday, Fortune asked ten powerful women how we can all press forward—and to share with us their favorite pieces of advice. Here is
See Original Article

“I am proud of the extraordinary housing programs these settlements have funded across New York, from Brookhaven to Buffalo – and today's settlement will fund even more community revitalization initiatives for years to come.” In a statement provided to HousingWire, RBS CEO Ross McEwan noted the
See Original Article

Transgender status is a protected trait under Title VII of the Civil Rights Act of 1964, said a federal appeals court in a Wednesday ruling involving a transgendered individual's termination by a funeral home that overturns a lower court decision. Aimee Stephens informed her employer and co-workers
See Original Article

Ms Harle said: “Jackie is an excellent addition to the mortgage network, and brings in depth knowledge and experience. Her understanding of the current mortgage products and services out there is invaluable and will help Intrinsic ensure it is developing products and services that meet advisers' and
See Original Article

On Election Day 2016 it was white, at the Emmys it was black, and on International Women's Day, which lands on Thursday, March 8, it'll be purple. Purple is the official color of International Women's Day, founded more than a century ago after some 15,000 women marched in New York City to demand
See Original Article

MCLEAN, VA–(Marketwired – Mar 7, 2018) – Freddie Mac ( OTCQB : FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), which are multifamily mortgage-backed securities. The approximately $1.1 billion in K Certificates (K-L02 Certificates) are backed by three
See Original Article

Banks in New York are denying more housing loans in neighborhoods where people of color dominate, and are turning down black applicants who seek mortgages and refinancing at a higher rate than similar white applicants, an advocacy group reported this week. The New Economy Project looked at
See Original Article

Parent company Abercrombie & Fitch Co (anf, +2.02%) said on Wednesday that comparable sales—a key measure of a retailer's performance that strips out newly closed or opened stores—rose 5% at the 126-year-old flagship brand in the three months ended Feb. 3, their first quarterly increase in five
See Original Article

There's still plenty of options for borrowers — bridge loans from insurers and other non-traditional lenders are available, and lending activity from Fannie Mae and Freddie Mac hasn't slowed down in the multifamily sector. Gerard Sansosti, an HFF executive managing director, told the Journal that 2018
See Original Article

The old adage when it came to getting a mortgage was that you absolutely had to have a 20% down payment. While this may have been true for our parents and grandparents, it's no longer the case. In recent years, it's been possible to get a home for as little as 3% down. Of course, there are advantages
See Original Article

It can be done within the equity portion of a portfolio as well. As the S&P 500 continues to trade close to all-time highs, it's not easy for investors to downsize their US holdings and buy more international stocks. After all, international stocks have seriously underperformed their US counterparts for five to
See Original Article

BABB is the World Bank for the microeconomy; a decentralised banking platform leveraging blockchain, AI, and biometrics to provide anyone in the world with access to a bank account for peer-to-peer financial services. With a mobile app and payment card independent of Visa and MasterCard, BABB
See Original Article

Investors sentiment decreased to 1 in Q3 2017. Its down 0.15, from 1.15 in 2017Q2. It fall, as 20 investors sold Weight Watchers International, Inc. shares while 54 reduced holdings. 38 funds opened positions while 36 raised stakes. 55.46 million shares or 1.64% less from 56.39 million shares in 2017Q2
See Original Article

[REYKJAVIK] Few countries conjure up images of financial ruin like Iceland. Its economy was famously gutted in 2008 when its over-sized banks all collapsed within weeks of each other. A decade later, the island nation is still trying to crisis-proof its financial system. A key goal is to shield banking
See Original Article