New rules make reverse mortgages a harder sell

Costs fell enough that fee-only financial planners who had traditionally shunned these loans started to recommend them to wealthier clients as a portfolio protection strategy. People could borrow against a reverse mortgage line of credit when markets were down, rather than selling shares at their lows.
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Douglas Elliman Florida's operations recognized several Palm Beach sales agents at the company's annual awards presentation this month. Based on his “gross commissionable income” for 2017, Gary Pohrer was named top agent in the company's Palm Beach/Jupiter territory. Matthias Fretz was
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ANZ Bank has apologised to the banking royal commission after it was sprung omitting key documents regarding its discussions with the corporate regulator about misconduct in its response to official orders from the inquiry. On Tuesday, ANZ was asked to check whether it had included emails between
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He said: “We are engaging all stakeholders to see how pension funds can be invested in mortgage assets when securitised. “There is access to such funds in other countries, which is easy and that is why people there have mortgage loans with single digits.” Nigeria Bureau of Statistics (NBS) said the
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“The latest data shows that home improvements focused on the outside of a property are most likely to result in a positive cost-to-value ratio,” said Appraisal Institute President James L. Murrett, MAI, SRA. “However, spending money on renovations doesn't necessarily generate a dollar-for-dollar return.
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Huff Real Estate of Anderson has announced the addition of two new agents, John and Kim Stephan. … John and Kim are both graduates in real estate finance and sales from the Hondros College of Business, and are members of the Southern Ohio Board of Realtors, Ohio Association of Realtors and
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“That [smart]phone is sort of this remote mind-control device that starts steering these two billion ants in different directions,” Harris said Tuesday at Fortune's Brainstorm Health conference. Indeed, Google considered it a moral responsibility to shape the attention of those billions. But Google isn't alone.
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The California Association of Realtors estimates international buyers are more than twice as likely to pay in cash as domestic buyers. Some are rich enough to avoid the need to finance a home, or prefer buying California real estate to investing in the stock market. Private investment firms snapped up
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Patrick Jenkins and guests discuss the growing pressure on Barclays to turn round recent poor performance after activist investor Edward Bramson took a significant stake, a change of gear at the Financial Stability Board which is putting new policy initiatives on pause, and PayPal's growth prospects in
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CHARLESTON, S.C., March 20, 2018 /PRNewswire/ — Jeff Cook and his real estate team have been known to think outside of the box when it comes to, well, everything. His ingenious billboards attract the attention of thousands of drivers every day and his radio ads are sure to grab all listeners' attention
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Institutional investors currently hold around $34.89 billion or 70.5% in ENB stock. Look at its top three institutional owners. Capital World Investors owns $4.63 billion in Enbridge Inc., which represents roughly 8.92% of the company's market cap and approximately 13.27% of the institutional ownership.
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I hope you've been following along with our 3rd annual Fortune Brainstorm Health conference in California. (You can catch the livestream of events here and read up on the latest updates here.) The meeting has already featured a fascinating mix of conversations about the role of data, AI, and new
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“We have a big problem because most of the best doctors are based in big cities like Beijing and Shanghai,” said Dr. Jiren Liu, chairman and CEO of Chinese multinational Neusoft Corporation, at Fortune's Brainstorm Health conference in Laguna Niguel, Calif. on Tuesday. The result is that if people get
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If you're leaving bank now, you might want to be an entrepreneur. You may also want to join an established financial technology firm. Maybe you can fund yourself using bonuses you earned in banking, but chances are that eventually you'll need to get venture-capital firms on board to fund your growth
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More than 90% of homeowners who are part of the Support for Mortgage Interest scheme face losing up to £5,000 a year within weeks when the benefit is replaced by a loan – if you're affected, you must act NOW. An estimated 124,000 households currently receive the Support for Mortgage Interest (SMI)
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In the wake of the financial crisis, there were these reforms put into place to control what was defined as a SIFI, first of all, because that's a new thing, and to watch them a little closer than you would, say, a smaller bank. So, the effect of this is, SIFIs have higher regulatory expenses than other banks and
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In another troubling sign for bricks-and-mortar retail, Zona Rosa, the outdoor shopping district that was dubbed as the Country Club Plaza of the Northland when it opened in 2004, has defaulted on its mortgage. And due to a financial subsidy deal structured in 2007, Platte County taxpayers may be on
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Mr. Kalanick, who stepped down as Uber CEO last June under pressure from investors, said Tuesday he is investing $150 million into distressed real-estate outfit City Storage Systems LLC where he will take the top job. CSS redevelops parking lots as well as real estate for retail and industrial uses like
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