Real estate agent on trial in bond scheme

Four years after a Holland real estate agent first was charged in a money laundering scheme, his trial got under way Tuesday in U.S. District Court. Gene Crawford, an assistant U.S. attorney, told jurors in his opening statement that over the coming days they would hear the story of Arvel “Ray”
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SENATOR John 'Wacka' Williams is confident the banking royal commission on will protect those who speak out. … “The issue was that many people who have had a disagreement or a blue with the banks come to an agreement and sign a deed of settlement,” Senator Williams said. “In that agreement
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The B.C. budget aims to temper the province's hot housing market but neither the government nor other observers know what the impact on real estate prices will be. The main measure is a new tax to be levied annually on property owners who do not pay income tax in British Columbia. Homes used as
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In all, the local housing market saw 108 existing homes sold last month, down 26 percent from the 146 sold in January 2017, the Bloomington-Normal Association of Realtors reported Tuesday. Newly built homes were even worse off, with just five sales—three fewer than in January 2017, BNAR reported
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British Columbia's NDP government will introduce tax measures designed to push down the price of housing by targeting vacant homes owned by out-of-province investors. Finance Minister Carole James said she hopes this and other changes will cool real estate costs, but would not predict how much,
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Prime Minister Theresa May is facing a potentially dangerous outcry from 62 members of her own party who are demanding a quick, clean break from the European Union, just as she tries to finalize her Brexit plans. Read the full letter from lawmakers to Theresa May. The group of Conservative
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UBS Asset Management Americas Inc. grew its holdings in Marriott International Inc (NASDAQ:MAR) by 2.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 940,539 shares of the company's stock after buying an
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The Community Uplift Program will provide money to lending institutions to fund business growth or expansion outside of Chicago and its “collar” counties. The money also will support the Office of Illinois State Treasurer's ongoing, Ag Invest and Finally Home programs — all part of Frerichs' new, “Invest
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LendingClub stock plunged 10 percent after the bell. The peer-to-peer lending company reported earnings and revenues that missed Wall Street estimates. The loss that was reported was partially due to the newly disclosed settlement of class action lawsuits. The settlement is worth $125 million.
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SEATTLE, Feb. 20, 2018 /PRNewswire/ — New changes to U.S. tax laws led 41 percent of survey respondents to lower their long-term expectations for the U.S. housing market, according to the 2018 Q1 Zillow® Home Price Expectations Surveyi. The quarterly survey, sponsored by Zillow and conducted
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This regularly-scheduled sponsored Q&A column is written by Eli Tucker, Arlington-based Realtor and Rosslyn resident. Please submit your questions to him via email for response in future columns. Enjoy! Question: As interest rates have increased over the last 6-12 months, how will the market react to
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U.S. Vice President Mike Pence was willing to meet with Kim Jong Un's envoys earlier this month during the Winter Olympics in South Korea, but the North Koreans backed out, the Trump administration said. “North Korea dangled a meeting in hopes of the vice president softening his message, which
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The $1.77 billion (over Rs11,000 crore) fraud at Punjab National Bank (PNB) has sent shock waves across Indian banking. A multi-agency probe is now gradually unveiling the modus operandi followed in the country's biggest banking scam. SWIFT, short for Society for Worldwide Interbank Financial
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Fianna Fáil has said it is “not acceptable” for Finance Minister Paschal Donohoe to wash his hands of the proposed sale of 20,000 mortgages by Permanent TSB, given he is the majority shareholder. The party is demanding that unregulated foreign vulture funds are brought in under the control of the
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ATLANTA – Timeshares make perfect sense. Instead of paying a hotel some outrageous rate for a week at the beach, find exactly what you want and share the cost with 50 other couples. Each couple gets a week a year, and the benefits of ownership too, right? Unfortunately, the reality often falls short of
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Walmart Inc (wmt, +1.38%) reported a stellar holiday season if you consider U.S. sales and shopper visits. But the retail giant's e-commerce growth slowed to 23% in the quarter ended January 31, well below the 50% clip it had hit in the previous quarter. A good chunk of that was simple arithmetic as
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Home owners looking to lock into a mortgage deal for the next decade will find the average rate on a 10-year fixed-rate has started to creep up from an all-time low. At the start of February, the average 10-year fixed-rate mortgage on the market had a rate of 2.96%, according to Moneyfacts.co.uk.
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James L. Davis to Alex E. and Sarah L. Bennett, 3865 S. Cedar Creek Lane, New Palestine, $248,000. Kevin L. Mars and Vicky S. Owens to Cody R. Gray, 234 Illinois St., Shirley, $123,500. Yuriy Kyryk to Steven L. Gillispie, 914 N. Meadows Circle, Buck Creek Township, $194,900. Bright Point Ministries
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Picture this: You're driving home from work, contemplating what to make for dinner, and as you idle at a red light near your neighborhood pizzeria, an ad offering $5 off a pepperoni pie pops up on your dashboard screen. Are you annoyed that your car's trying to sell you something, or pleasantly
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They have all been chosen to be a part of Project Destined, an innovative real estate based education program, for urban youths that teaches them financial literacy and leadership development through mentorship. It was created by Cedric Bobo and Fred Greene, successful businessmen themselves
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