A reverse mortgage technology veteran has launched a new product that will enable lenders to service their own loans via a cloud-based servicing platform. ReverseQuest launched this week under the leadership of Kevin Gherardi, president of the product's parent company Reverse Technology Group
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Over the last few years, funding for tech companies in the real estate and construction sector, commonly called proptech, has been on the rise. A number of trends have already emerged in the proptech space in 2018. One, real estate companies will have an increased focus on cost, hence necessitating
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Former Uber boss Travis Kalanick has got a new position, taking the hot seat at City Storage Systems (CSS) a real estate firm that redevelops parking lots for retail and industrial uses. Alongside the move, Kalanick is investing US$150mln in the company. CSS focusses on distressed real estate, it was
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Over the past 20 years, gold has outperformed alternative and traditional assets, such as developed market stocks, hedge funds, developed markets debt, global real estate investments and the broader commodities complex, according to WGC data. âGold ETFs posted inflows of 14.3 tonnes Monday,
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The institutional investor owned 17,494,845 shares of the company's stock after buying an additional 266,461 shares during the period. Bank of New York Mellon Corp owned 1.13% of Philip Morris International worth $1,848,329,000 as of its most recent SEC filing. Several other hedge funds have also
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The exemption ceiling for Israeli buyers on international websites is $75, and the idea of the policy refers to people buying packages prices above this ceiling. The buyers pay these companies for a service called “tax protection,” which is used if the buyers have to pay the legally required tax. The sale of
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Improving revenues, cost control and effective capital deployment have helped the company deliver a solid 2017. The bottom line grew 22% year over year. The company generated pretax title margin was 12.1% (expanding 40 bps from 2016) and the return on equity came in at 13% (rose 110 bps from
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A week ago, Theresa May's government was at fever pitch about Russia's involvement in the use of nerve agent against a former spy. Today, the subject didn't even come up at Prime Minister's Questions. Having made two statements to Parliament in the space of three days last week, May has been
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Keen bought the property from a joint venture between Alterra Property Group and Stockton Real Estate Advisors. The Philadelphia-based firms had made improvements to the property's lobby and other common areas amid other upgrades after acquiring it in 2015 for $20.15 million, according to CoStar
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However, the real question is whether the real estate's performance trend is sustainable. The industry's strong performance in recent years is not only due to a macroeconomic recovery and rejuvenated fundamentals, said Sethuraman, but also because of âthe wave of capital that came into the sector as
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Agency MBS are considered safer because the principal and interest payments are guaranteed by a U.S. government agency like the Government National Mortgage Association (Ginnie Mae), or a U.S. government-sponsored entity, such as the Federal Home Loan Mortgage Corporation (Freddie Mac)
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Meredith Corp., which bought Time Inc. and its stable of magazines in January, plans to sell the flagship publication, Sports Illustrated, Fortune and the Money brand after completing a review of the $1.8 billion deal. The company also intends to eliminate about 1,000 jobs over the next 10 months as it
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OAK BROOK, Ill.–(BUSINESS WIRE)–Inland Mortgage Capital, LLC (âIMCâ), a private lender specializing in intermediate-term mortgages for value-add commercial real estate, today announced that it reached $200 million in closed loans under its small-balance, non-recourse bridge program.
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The 30-year fixed mortgage rate averaged 4.44 per cent last week, not too far from a four-year high of 4.46 per cent, according to mortgage finance agency Freddie Mac. According to the NAR, the national median existing-home price for all housing types in February was $241,700, up 5.9% compared
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Newport half marathon's title sponsors Admiral have agreed to donate this years' sponsorship, even though the event did not go ahead. They have also agreed to be title sponsors for 2019. Geraint Jones, chief financial officer for the Admiral Group said, âWe are incredibly proud of our sponsorship of the
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Agency MBS have a guaranty of principal payment by an agency of the U.S. government or a U.S. government-sponsored entity, such as Fannie Mae and Freddie Mac. Hillsdale Investment Management Inc. holds 0.33% of its portfolio in Dynex Capital, Inc. for 266,500 shares. Family Management Corp
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An analysis by executive compensation research firm Equilar and CNBC of companies on the Fortune 500 found that 12 companies have no women directors. The list, below, includes companies ranging from Icahn Enterprises, the holding company run by billionaire Carl Icahn, to Energy Transfer Equity
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When they returned the following summer, it was with a fourth family member, baby boy Avery. They began searching for a four-bedroom house in a good school district with subway access, but getting a mortgage was going to be tricky: Derek's new hospital job didn't start until October. Avenue and St.
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There's a lot of cool lofts being built, upscale condos,” says local real estate broker Bryan Curtis of Attain RE. Nearly two-thirds of his buyers are millennials. Just this month he sold a $112,000 starter home to a 19-year-old buyer. “There's a lot of new businesses opening up,” Curtis says. “Tech start-ups
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1, the Iowa capital saw the largest percentage of purchase mortgage requests coming from Millennialsâ42 percentâwith an average loan amount of $141,785. Second place in the LendingTree study was Pittsburgh, with a 41.9 percent share of purchase mortgage requests coming from Millennials and
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