PayDay Lending is hard money lending for desperate folks. It is an ugly … The watchdog agency said in a statement Tuesday that it intends to âreconsiderâ a regulation, issued in October, that would have required payday lenders to vet whether borrower can pay back their loans. It also would have
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Community banks reversed a long-standing trend and reported greater deposit growth in 2017 than larger banks, according to the latest issue of the FDIC Quarterly. Reviewing figures from the latest FDIC Summary of Deposits, the article showed that community banks saw deposits rise by 6.4 percent,
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The buy-down program is not an adjustable rate or interest-only mortgage. It's a 30-year fixed rate purchase program and can be applied to a Conventional, FHA or VA loan product. It works as a temporary rate buy-down from your note rate to allow for a lower starting rate and a reduced monthly payment
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MIAMI, Jan. 17, 2018 /PRNewswire/ — With the national stock market reaching all-time highs in the past year, many real estate experts have indicated that the U.S. real estate market is bound for a bubble burst. That isn't the case in South Florida, however, according to a new survey released today by
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On November 15, 2017, 43-year-old Steven Thornhill from Fortune was arrested and charged with Possession for the Purpose of Trafficking, Unsafe Storage of Firearms and Unsafe Storage of Ammunition. Mr. Thornhill is due to appear in Supreme Court in Grand Bank on Thursday, January 18, 2018 at
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The payday lending arena could get help from the Consumer Financial Protection Bureau (CFPB), with acting director Mick Mulvaney saying the CFPB will âreconsiderâ rules regarding the industry. According to a report in Washington Examiner, Mulvaney said in a statement that: âThe bureau intends to
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It also focuses on investing in residential mortgage-backed securities (RMBS) issued or guaranteed by a government-sponsored enterprise, such as The Federal National Mortgage Association (Fannie Mae) or The Federal Home Loan Mortgage Corporation (Freddie Mac) (collectively, GSEs), or any
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âOur main finding concerns weakness in management information and governance,â the letter to banking chairs said. The PRA â which is part of the Bank of England â explained that some companies' board risk committees âdo not routinely receive sufficient standardised MI (management information)
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AmTrust Title Insurance Co. has hired Richard H. Himes, Jr. as its Southeast Counsel, the company announced. … âRick has an impressive background in title–more than 39 years dealing in every aspect of the industry from title searches to processing and closing both residential and commercial
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Capstead Mortgage logo News coverage about Capstead Mortgage (NYSE:CMO) has trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time.
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Google added an unlimited data plan to its low-cost wireless service known as Google Fi, in a move aimed at matching the popular offers from rivals Sprint, AT&T and others. At $80 per line, the Fi unlimited plan isn't that cheap, but it is more flexible than the competition. Rival plans require customers to
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Volkswagen (vlkay, +2.28%) reported a 4.3% rise in 2017 sales to 10.7 million vehicles, staying ahead of Toyota in the race to keep the title of world's biggest carmaker although Renault-Nissan (rnsdf, +2.96%) has forecast it would go top. Last year's sales by the German firm, which is still dealing with
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The General Motors Building on Fifth Avenue and Bank of America's tower on Bryant Park are the city's most expensive properties, both valued at about $1.94 billion. The Bank of America tower was publicly subsidized by the Liberty Bond program, which granted corporations $8 billion in tax-exempt
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The company has market cap of $6.72 billion. It operates through Title Insurance and Services, and Specialty Insurance divisions. It has a 23.96 P/E ratio. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related services
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15 that officials expect will bring in as much as $1.3 billion, according to draft documents reviewed by Bloomberg News. The currency then would be sold to individuals. The oil-rich nation plans to pay public workers in the digital token and to use tax incentives to encourage its use. While the petro would
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Bitcoin's meteoric rise and subsequent plunge has crypto investors scrambling for ways to make sense of the market. Wall Street certainly has tools, but do they offer any meaningful insight for an asset like Bitcoin? Yes, say technical analysts, the folks who study charts for clues on where a stock or
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Almost 15 gigawatts of solar power may crop up in the Lone Star state in the coming years, and every gigawatt stands to shave about $2.76 a megawatt-hour from wholesale electricity prices there when demand peaks in the summer, an analysis by Bloomberg New Energy Finance show. This could end
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If regulatory concerns aren't enough to explain Bitcoin's 50 percent slump from its record high reached last month, how about blaming it on the moon? The Lunar New Year, which marks the first day of the year in the Chinese calendar, is being cited by some as contributing to Bitcoin's slump as Asian
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Four of the nation's biggest U.S. lenders disclosed more than $1 billion mark-to-market losses and charge-offs on margin loans and other debt tied to the embattled South African retailer in their fourth-quarter results. Citigroup Inc. led the pack with about $370 million, followed by Bank of America Corp.
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This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners. To contact the author of this story: Michael R. Strain at mstrain4@bloomberg.net. To contact the editor responsible for this story: Katy Roberts at kroberts29@bloomberg.net. Before it's here, it's on
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