Robo-Adviser Websites Crash, Cutting Off Access to Accounts

Robo-advisers haven't had much experience with market routs. When confronted with one on Monday, they struggled. The web sites of two of the country's biggest robo-advisers — Wealthfront Inc. and Betterment LLC — crashed as the S&P 500 Index sank 4.1 percent. Complaints quickly spread across
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According to a new report from The Warren Group, which tracks real estate trends in New England, median sale price of a single-family home increased 1.6%, to $249,900 in 2017, from $246,000, the previous year. The annual sale price increase was the second in a row and a bit stronger than the one
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As the report states, “Extreme income inequality and unanticipated but rapid growth in the overall population of New York City together continue to push those at the lowest end of the income spectrum out of the housing market entirely.” Add to that the fact that homeless shelters are being constructed
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Al Habib & Co is the largest and only one-stop-shop for the complete range of real estate products and services in Oman. In an exclusive interview with Muscat Daily, M Sudhakar Reddy, chief executive officer of the company, talked about trends in Oman's real estate market in 2018 and how the launch
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It's the first launch for Oelfke and McLaughlin's new Apex-based company, Laser Guided Games, and it's an original concept. The dark fantasy game delivers intense single-player content that requires combat and strategy, and blends multiple genres to create a unique experience, a spokesperson for
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Oaktree Specialty Lending logo Monarch Partners Asset Management LLC acquired a new position in Oaktree Specialty Lending Corp (NASDAQ:OCSL) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired
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So we are a year into the presidency of one of the country's biggest real estate developers. However, the reality is that a lot of uncertainty looms over the housing market. Between rising rates and the new less-interest-friendly tax package, the market is facing some headwinds. But analysts say that the
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Fortune Brands Home & Security logo Schwab Charles Investment Management Inc. lifted its position in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 5.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
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“Together with our use of Open Banking, Personetics enables us to leverage innovative intelligence to know our customers better, predict their needs, and help them make better decisions about their money with as little effort as possible on their part. We want to do the heavy lifting for them, so they can
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“When Black Knight isolated non-hurricane-impacted areas — which represent 90% of the entire active U.S. mortgage universe — we see the national delinquency rate actually fell to 11% below long-term norms,” said Graboske. “Likewise, the 90-day delinquency rate was also up 6% from last year, with
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If this trend holds over the next few days, that will mean another big spike for rates in the Freddie Mac Primary Mortgage Market Survey (PMMS). We've already seen the average rate on a 30-year fixed rate mortgage jump up twenty-seven basis points (one basis point = 0.01) since the first week of the
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The father of Otto Warmbier — the American student who died last year after being jailed in North Korea — will join Vice President Mike Pence as his special guest at the Winter Olympics Opening Ceremonies in South Korea this week, a Trump administration official said. Otto Warmbier in Pyongyang on
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Both Newland and another development, Sweetwater Vistas, have given themselves the option of buying international credits. Rita Brandin, Newland's senior vice president, said the company will favor local credits but doesn't see a problem with buying international credits. “It's about global warming not
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NEW YORK, Feb. 05, 2018 (GLOBE NEWSWIRE) — Greystone, a real estate lending, investment and advisory company, today announced Anthony Alicea has joined the company as Head of Production for the Portfolio Lending Group, reporting to Mark R. Jarrell, who leads the Group. In this role, Mr.
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Plan B is coming out of the shadows in the global-warming debate. The question on the table: With hope dimming that humankind can effectively curb carbon emissions, is it time to strong-arm nature to turn the thermostat down? To scientists who study geoengineering, this is within the realm of
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WASHINGTON, Feb. 5, 2018 /PRNewswire/ — First National Bank, the largest subsidiary of F.N.B. Corporation (NYSE: FNB), announced today the expansion of its commercial and business banking services in Washington, D.C. The Company's growing D.C. efforts include the addition of significant
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It has become the norm to leverage third party service providers as part of the loan manufacturing process. For many lenders, it can take a village – or at least 15 vendors – to close a loan. The risks of not performing effective due diligence and oversight are too high to ignore. The reputation of your brand
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MORTGAGE BANKERS ASSOCIATION LOBBYIST JOINS ERIS GROUP: Bradford Cheney, who was previously an associate vice president at the Mortgage Bankers Association, is joining the Eris Group as a lobbyist. He'll focus on outreach to Democrats on financial services issues and will continue to
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The hotly contested question of how to regulate payday lending is partly about ideology. How far should the government go to save repeat borrowers from their own worst habits? Your answer will depend on your political beliefs. But this debate, like a lot of fights involving financial regulation, is also
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Mortgage rates today dropped off in many cases. That's not unexpected after the over-protective stance that many lenders took on Friday following the release of the Employment Situation report and some consumer price and earnings data. These reports met or exceeded expectations only slightly, but
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