Tax reform will be 'gravy' for the banks

In the coming days, some of Wall Street's major banks are expected to announce multi-billion dollar write-downs because of tax reform. But in the long run, they're expected to benefit from the new changes. “The tax law will, of course, mainly be 'gravy' for the banks in that their near-term after-tax net
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Oaktree Specialty Lending logo Oaktree Specialty Lending Corp (NASDAQ:OCSL) COO Mathew Pendo acquired 12,000 shares of the business's stock in a transaction on Friday, December 15th. The stock was acquired at an average cost of $4.66 per share, for a total transaction of $55,920.00.
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Despite the usual holiday lull in overall mortgage applications, the demand for newly constructed homes increased in December. … MBA uses its survey as well as other data to provide an early estimate of new home sales volumes at the national, state, and metro level as well as information regarding
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Then you need to call Team Hochberg at Perl Mortgage! Team Hochberg has helped thousands of WGN listeners, but they can't help you if you don't call 312-751-1333. For straight-forward, honest advice, visit WGNDavid.com. Perl Mortgage is an equal housing lender, Illinois residential mortgage
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Soon after the Reserve Bank of India unveiled guidelines last October recognising the need for peer-to-peer (P2P) lending platforms in the country, the players came together to form a body — Association of P2P Lending Platforms. The association will act as an industry body for the P2P lenders and as a
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Opposition groups urged Tunisians to “reclaim their revolution” as days of sometimes violent protests over economic hardship threaten to spin out of control. The call for major demonstrations on Jan. 14, the seventh anniversary of the fall of autocrat Zine El Abidine Ben Ali in the first of the Arab Spring
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Looking specifically at Fortune 500 companies, 2018 will bring the number of Black CEOs down to three once Kenneth Chenault, CEO of American Express Co. steps down from his role on February 1st. Compared to the time period between 2005 and 2011 when there were a total of eight Black CEOs at
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Lenders in the U.S. overwhelmingly plan to expand financing activity this year. According to new research from Magilla Loans, which offers an anonymous search engine data for both home and business loans, a survey of mortgage and business lenders found plans to originate more than half a trillion
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MCLEAN, VA–(Marketwired – Jan 11, 2018) – Freddie Mac ( OTCQB : FMCC) today announced that Jacqueline M. Welch has been named head of the Human Resources, Diversity & Inclusion (HRDI) division and chief diversity officer (CDO) of Freddie Mac. In her expanded role as senior vice president
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WASHINGTON (AP) — The cost of borrowing money to buy a home rose slightly this week, but remains historically low. Mortgage buyer Freddie Mac says the average rate on 30-year fixed-rate mortgages rose to 3.99 percent, from 3.95 percent last week. This week's rate matches a 5-month high set two
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I currently own a property on Vancouver Island in Canada and the mortgage is with RBC. I will be returning to Canada with my family in April 2019 and I would like to switch my mortgage to another bank before my return. Can I get a mortgage from TD for my Canadian property at this time and if so what is
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With the funds from the first phase of ICO, BABB is committing to create a smartphone app with bank account and international money transfer capabilities along with a European banking license. The team is also planning to enter into a partnership with a leading retail/central banks in emerging markets,
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After a recent market scan, we can see that Freddie Mac Var N (FMCCN) shares have moved 65.16% higher over the past month. Tracking performance over the last 5 sessions, shares have moved 0.79%. Over the last half-year, shares have changed 60.00%. Over the last full year, shares have moved
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Bethel's proposal requests the County's participation in the project, initially by actively supporting an application to the New Mexico Mortgage Finance Authority (MFA) for Low Income Housing Tax Credits (LIHTC), which, if awarded to the project, would provide the majority of financing equity for the
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When it comes to getting a mortgage, 88 percent of recent buyers financed their home purchase. Of all buyers, only 34 percent thought the mortgage application and approval process was difficult, which is down from 37 percent last year. Of those who got a mortgage, 58 percent opted for a conventional
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… seniors housing assets located in Dallas and nearby suburb DeSoto. The properties, which total 500 units, represent affordable housing options for seniors earning 60 percent or less of the area median income (AMI). Both loans were secured through Freddie Mac's Targeted Affordable Housing (TAH)
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Solaris, a 562-unit apartment community in Austin, is one of Presidium's recently acquired properties for which the credit facility was established. AUSTIN, TEXAS — Walker & Dunlop has structured a $100 million Freddie Mac revolving credit facility for Presidium Group LLC, a multifamily investment firm
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In the wake of the Equifax breach and countless others compromising Americans' privacy, one thing has become clear: It's time to get rid of Social Security numbers. While a string of digits on a paper card did the job in the 1930s, and got the government's stamp of approval for identification purposes in
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This week's news has had a strong sense of deja vu: just as ten years ago, retailers are struggling and banks have cut back on consumer lending. Unhappy memories of the financial crisis are flooding back. In the three months ending December 2017 retail sales saw their weakest performance since
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In addition to raising two children, Robert and Julia, in the community, Rebecca was personally involved in more than 470 real estate transactions totaling in excess of $2.17 billion in sales. Many of Rebecca's clients quickly became close personal friends as her knowledge, strength and work ethic were
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