In related news, and not just in Texas, home buyers are increasingly putting in bids sight unseen. A survey from brokerage firm … Apparently, Florida's Ocwen Financial Corp. does: It has agreed to buy PHH Corp., a Mount Laurel mortgage servicer, for $360 million in cash. The per-share price of $11
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Want to receive this post in your inbox every morning? Sign up for the Balance of Power newsletter, and follow Bloomberg Politics on Twitter and Facebook for more. Jared Kushner, President Donald Trump's son-in-law and senior adviser, lost his top-secret clearance in a White House crackdown on
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S&P also cited data from the Canada Mortgage and Housing Corporation, which found that an increasingly high rate of brokers were initiating purchases involving residential mortgage financing. âAs brokers do not bear credit risk for the residential mortgages they initiate, and are generally compensated
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Credit scores signify your trustworthiness to financial institutions and can determine how easy, or how expensive, it is for you to get a mortgage. To determine your ability to pay, lenders look at your score and they prefer you to have “good” or “excellent” credit â to the point that having “excellent” credit
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Mortgage lending practices have been under scrutiny in Canada since problems relating to mortgage underwriting procedures were identified at alternative lender Home Capital Group. Home Capital accepted responsibility for misleading investors about the matter in a settlement with the Ontario
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SAN FRANCISCO, Feb. 28, 2018 /PRNewswire/ — Lenda, a leading online mortgage lender, today announced that its services are now available in Florida and Georgia. This announcement follows news of Lenda's recent expansion into Illinois, Pennsylvania, Michigan and Arizona. Through its recent
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Laurentian Bank says it expects to finish its review of problematic loans sold to an unnamed lender by the fiscal second quarter, and will fix or repurchase any mortgages that failed to meet the proper criteria. The Montreal-based lender said in December that it had discovered mortgages sold to an
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The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI), a forward-looking indicator of existing home sales, fell 4.7 … “Furthermore, sellers last year typically stayed in their home for 10 years before selling (an all-time high); although higher mortgage rates will likely
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TORONTO, Feb 28 (Reuters) – Laurentian Bank of Canada said on Wednesday it was continuing to review problematic mortgages sold to an unnamed third party last year and may need to repurchase more of the loans. Laurentian said in December that it might have to buy back about C$304 million in
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The only release scheduled for today is the National Association of Realtors' Pending home sales for January (moderate importance). The data did come in … This week brings more economic reporting and guidance than we had last week, with Thursday being the biggest day for news. Here's a quick
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The rules that were introduced last year, and which were due to expire in June, force borrowers to put up more equity when buying a home by cutting the maximum loan-to-value ratio of a mortgage to 85 percent from 90 percent. This measure should now be extended indefinitely, the FSA recommended,
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A Bloomberg QuickTake explainer on guns in America. Council on Foreign Relations report compares gun laws in the U.S. to those in other wealthy democracies. Small Arms Survey compares rates of private gun ownership by country. Data showing non-fatal gun-related crime falling from 1993 to 2011.
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Later in an interview with Bloomberg Television, Summers said the economic situation the new Federal Reserve Chairman Jerome Powell faces is âa difficult balance between the legitimate desire to stimulate the economy and to get as much employment and growth as possible, and certainly to assure
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You may have heard that real estate is a seasonal market as well as a cyclical market. Both statements are true, though a much greater extent for the former than the latter. From a seasonal perspective, Front Range real estate follows a well-worn path every year that mirrors the temperatures outside
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For General Motors Co., the new GMC Sierra pickup truck that hits dealerships this fall can't come soon enough. Although GMC isn't officially GM's luxury brand — that designation belongs to Cadillac — the brawny pickups and sport utility vehicles command hefty prices rivaling those of traditional
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This year's deadly season has given drugmakers a sense of urgency in the war on the ever-mutating influenza virus. By. Cynthia Koons. @CynthiaLKoons More stories by Cynthia Koons. and. Ivan Levingston. @IvanLevingston More stories by Ivan Levingston. February 28, 2018, 4:00 AM PST.
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Dick's Sporting Goods Inc., the biggest sporting-goods retailer in the U.S., is immediately ending sales of assault-style rifles following the mass shooting at a Florida high school earlier this month that killed 17 people. Dick's is expanding its assault-rifle ban to its 35 Field & Stream stores, after removing
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Last year, six Taurus guns made category-based top-10-selling lists published by Gun Genius, a website owned by GunBroker.com LLC, the country's largest online auction platform for firearms. That included the Taurus Model 85, the No. 1-selling revolver in America, which goes for as little as $219 on
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… those seeking mortgage approval. Independent.ie. The move by the Central Bank to tighten lending rules at the start of this year has failed to dampen the mortgage market. … New figures show a bounce in the number of first-time buyers seeking mortgage approval. Some 1,500 new buyers sought the
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SourceSage joins a growing list of startups trying to shake that model up, mostly by targeting specific commodities in a country or region, such as mysteel.com (steel) and zhaosuliao.com (plastics) in China, or FarmLead (crops) in North America. The Singapore startup gathers and verifies commodity
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