Mortgage approvals for house purchases were disappointingly low in December. At just 61,040 they were 11 per cent lower than the same month last year and the lowest they have been in a single month since January 2015. Altogether the number of house purchase approvals in 2017 was only two per
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Broker-dealers and insurers rallied after a U.S. appeals court struck down a sweeping Obama-era rule that aimed to protect millions of Americans from conflicted investment advice. The S&P 500 Life and Health Insurance Index climbed 1 percent at 11:35 a.m. in New York, surpassing the 0.5 percent
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Northfield Savings Bank is looking for a professional to join our team as a Mortgage Banking Originator for Chittenden County, who will be responsible for originating a variety of new residential loans. This position offers a strong opportunity to work for a growing premier Vermont mutual savings bank.
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Led by principals Brandon Hanna, Deno Bistolarides and Ryan Vinco, the team of brokers at Farmington Hills, Michigan-based Encore Real Estate Investment Services has listed, sold and marketed more than $5 billion of investment real estate across the country. The company has also closed more
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Housebuilder Berkeley has warned that it will be unable to increase housing production due to high transaction costs, mortgage limits and economic uncertainty. Berkeley Group said today that a fall in demand by buy-to-let landlords was one of a number of reasons why it would be impossible to boost
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Merchant Advance Capital announced March 15 it had secured the multimillion-dollar debt facility from Comvest Partners, private equity and credit investment firm based in Florida. Merchant Advance Capital CEO David Gens told Business in Vancouver the company was able to secure âvery attractive
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VICTORVILLE â The Building Industry Association of Southern California, Baldy View Chapter has scheduled a High Desert Marketing Forecast and Networking Luncheon. The luncheon will include a Housing Market Overview and trend study presented by MetroStudy during the event scheduled for
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The commission has sparked office development with incentives, such as grants and property tax abatement, on a case-by-case basis. … With Sterick, 100 North Main and others removed from active status, Downtown's office market has shrunk to about 12 percent of the citywide total, said Ron Kastner,
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Following nine consecutive weeks of increases, borrowers finally got some relief this week with mortgage rates.
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LNB recently named Ryan Hallings, of Penn Yan, and Scott MacKenzie, of Geneva, as team leaders for their respective territories. Hallings, vice president and commercial/agricultural loan officer, will lead commercial and ag lending efforts in Yates and western Ontario counties. He will work with LNB
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In February, the average interest rate for 30-year fixed-rate mortgage with a 20 percent down payment that qualify for backing by Fannie Mae and Freddie Mac rose to its highest level since January 2014, according to the Mortgage Bankers Association. OAKLAND COUNTY FEBRUARY HOUSING
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Australian real estate developer Mirvac looks set to put a sizeable amount of solar-plus-storage into brand new homes in Sydney and Brisbane, with help from the national Clean Energy Finance Corporation. Echoing similar deals struck in regions including Australia and the US over the past couple of
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That's according to Maureen Burns, a Boston-based partner at the consulting firm Bain & Co. who cowrote a recent report analyzing Amazon's foray into financial services. She argues banks have some inherent advantages and could withstand pressure from Amazon if they focus on customer service.
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Following the strongest week since 2016, REITs climbed another 0.5% this week as interest rates pulled back amid a busy week of economic data and political developments. After the February inflation-scare that sparked a wave of volatility in financial markets, CPI and PPI data (combined with wage
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When news broke that Toys 'R' Us had failed to find a buyer or reach a debt restructuring deal with lenders, the end seemed near for the the 70-year-old big box toy retailer. The inevitable was announced Wednesday when the bankrupt company told employees it would most likely close all of its 700 or
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VIRGINIA BEACH, VIRGINIA: Divaris Real Estate, Inc. (DRE) announces the completion of ten transactions for 47,210 square feet of new and renewed commercial space throughout the greater Hampton Roads, Virginia market. Lease Transactions. One Columbus Center. Virginia Beach, VA.
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Coastal Ridge Real Estate has grown its portfolio of student housing units to 15,000 with its latest acquisition. The Columbus-based real estate and management firm has purchased a 324-unit, 718-bed student housing complex in Knoxville, Tennessee. The seller of Crowne at Campus Pointe, which is
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The good news for sellers is modest rate increases are unlikely to curtail buyer demand,” said Redfin Chief Economist Nela Richardson in a press release. “Just 6% of respondents to a survey commissioned by Redfin said they would cancel their home buying plans if rates rose above 5%,” she said.
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The underlying STACR 2018-SPI1 mortgage pool consists of 9,460 residential mortgage loans with an aggregate cut-off balance of approximately $3.5 billion. The loans are fully-amortizing, fixed-rate mortgages (FRMs) of prime quality. The borrowers in the pool have a weighted average (WA) original
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Renaming the 200,000-square-foot complex the Dakota, Jim Scalo reports that his company has reached a new deal to expand ADP's 60,000-square-foot office to total 120,000 square feet. Burns Scalo has also recruited a title company called Value America, which will consolidate two smaller offices on
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