NYC launches investigation into Kushner Cos. false filings

New York City Council Member Ritchie Torres, left, and Housing Rights Initiative Executive Director Aaron Carr address a news conference outside Kushner Companies headquarters, in New York, Monday, March 19, 2018. The pair called for an investigation into a report by AP and a tenants' rights
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“Stewart is one of the most respected names in the title insurance industry, with over 125 years of providing superior customer service,” William Foley II, Fidelity chairman, said in the release. “We know business is won and lost based on customer service and relationships, and it is important to us to not
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Kroger did not name the specific magazine titles that would be affected by its decision. Magazines such as Field & Stream often focus on hunting rifles, while publications such as Guns & Ammo and Tactical Life often have military-style assault rifles on the cover, USA Today reports. WHEN??, Fred Meyer
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Mortgages that don't require homeowner insurance surged 19 percent from a year ago, accounting for about 53 percent of the C$1.13 trillion ($864 billion) of home loans at Canada's federally regulated banks, data from the Office of the Superintendent of Financial Institutions show. Insured home loans
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The BOE might one day need to convince the markets that it plans to change the way it sets interest rates. The pledge to keep rates “low for too long” might be one of the few effective ways to stimulate the economy when interest rates next hit the lower bound. But the success of that strategy hinges on the
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Uber Technologies Inc. halted autonomous vehicle tests after one of its cars struck and killed a woman in Tempe, Arizona, in what is likely the first pedestrian fatality involving the technology. The 49-year-old woman, Elaine Herzberg, was crossing the road outside of a crosswalk when the Uber vehicle
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3 in the NPL sale, which Freddie Mac first announced earlier this year. According to Freddie Mac, Pool No. 2 consists of 138 loans with $29.5 million in UPB. The loans in Pool No. 2 carry an average delinquency of 43 months, an average loan balance of $214,800, and a collateralized loan-to-value
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Freddie Mac's economists headlined their March Outlook economic report “Adulting is Hard.” The newest crop of young adults may find this to be truer than others. They have been slow to reach life's milestones like getting married, starting families and living independently, but with some valid reasons.
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Property asking prices jumped by more than £4,500 in March as buyers face up to a lack of supply resulting in sellers ramping up what they are listing homes for. The average asking price of a newly-marketed home reached £304,504 across Britain in the last month – an increase of 1.5 per cent
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A spokeswoman for RBS declined to confirm the Sky News report but said the bank did need to launch new approaches to keep pace with rapid change in the industry. “We're focused on using automation and technology to deliver a more efficient banking experience that better reflects the changing way
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Simplified capital calculations for smaller community banks: Rules on the types of real estate loans community banks can make and how much capital they need on hand would be modified. Longer exam cycles would be instituted for community banks. Mortgage changes: The bill provides “Qualified
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Bank of America's shares have gained considerably since late 2016 thanks to a combination of steadily rising interest rates, improving operating efficiency and a strong economic outlook. Notably, this helped the bank's stock price rise above its book value for the first time in mid-2017 – nearly a decade
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Fannie Mae is predicting a robust economic growth for this year, despite a projected slowdown during the first quarter. According to the Fannie Mae Economic and Strategic Research (ESR) Group's March 2018 Economic and Housing Outlook, the full-year 2018 forecast of real GDP growth by one-tenth
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CAI International logo QS Investors LLC lowered its stake in CAI International Inc (NYSE:CAI) by 4.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 105,361 shares of the transportation company's stock after selling 4,349 shares during the period. QS Investors LLC
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Starting today, Las Vegas Monorail riders will be able to use their mobile phone as their ticket. The transit service is the first to allow riders to use Google Pay, Google's payments app earlier this year, to get on and off. To use the service, riders must first buy a transit ticket or daily pass from the Monorail's
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Virginians are feeling good about the real estate market, according to a new Roanoke College poll. However, some people are nervous about the future as housing inventories continue to shrink. Sentiments about the market neared a historical high in the first quarter of 2018, the poll showed, with more
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Emerald Creek Capital has been busy providing bridge loans to the market since 2009. Last year, it closed its largest loan to date, a $42 million condominium financing. Mark Bahiri, one of the company's co-founders, sat with Commercial Observer and described Emerald Creek's lending appetite as well
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Fairfax even owns a convertible BB's debt pile of around $600M expiring in 2020, making the overall position of the Canadian company much bigger. Fairfax has had a terrific record of book value and price appreciation over the last 32 years (just like Berkshire), which its chairman annually updates in
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U.S. stocks sank about 2 percent on Monday, with the Dow Jones Industrial Average shedding nearly 400 points, as Facebook led a selloff in technology stocks on reports that the social media company's user information was misused. Facebook shares tumbled 7.1 percent on reports that a political
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When physicist Stephen Hawking was 21, he received a death warrant. His doctors told him he would waste away with ALS. He would eventually lose complete control of his body and die within a few short years. Previously, Hawking was a bored, indifferent student. But this fatal diagnosis suddenly
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