Some of Bristol's most significant buildings were sold as investments to international companies in 2017. Sales of … This was predominantly driven by the purchase of 10 Canons Way â a landmark office building on the Harbourside â that was sold to Korean investors for £95.5 million. 10 Canons Way is
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Two of Canada's largest banks raised its mortgage rates this week, and experts say this could be just the beginning of a new period of rising lending rates â and even tougher “stress tests.” The Royal Bank of Canada hiked its official posted five-year mortgage rate by 0.15 percentage points this week,
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A handful of people have filed complaints with the Federal Communications Commission against two television networks for using the word âshitholeâ on the air in reporting about President Trump's alleged use of the word, Variety reported on Friday. NBC, owned by Comcast (cmcsa, -0.80%), and Time
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At current levels, Investors Title Company (NASDAQ:ITIC) shares have been seen trading -0.88% away from the 20-day moving average. The stock has been recently separated from the 50-day moving average by 0.62%. Using a broader approach, shares have been trading 6.74% off of the 200-day
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The Federal Reserve fined five large US banks a combined $35.1 million to settle cases of mortgage servicing flaws dating back to 2011. The central bank announced the fines against Goldman Sachs, Morgan Stanley, CIT Group, US Bancorp and PNC Financial as part of a broader effort to terminate
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According to the senators, the new bill is designed to address the issue of âchurning,â a process that results in repeated home loan refinancing that generates fees and profits for lenders at the direct expense of veterans and their families, often without their knowledge. The senators estimated that more
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… 12 percent have similar expectations for bank portfolio growth, 17 percent expect more than 5 percent growth in Federal Housing Administration (FHA) loans and 24 percent expect Fannie Mae and Freddie Mac to grow by 5 percent or more. Loan returns and risks are both expected to increase slightly
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HFF has arranged a seven-year, LIBOR plus 2.16 percent, floating-rate loan with three years of interest-only payments through Freddie Mac's Capital Markets Execution program, for Advenir at Frankford Springs, a 332-unit, garden-style apartment community in Dallas. The securitized loan has also
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TORONTO â Canada's largest bank increased its fixed-rate mortgage rates amid rising yields on the bond market and a strengthening economy. The Royal Bank of Canada says its posted five-year fixed mortgage rate moved to 5.14 per cent Thursday, up from 4.99 per cent. The bank's special offer rate
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As if credit rating downgrades, a lack of economic growth, growing reports of state capture, and soaring fuel and food prices weren't enough, we also had to contend with a president who seemingly reshuffled his cabinet on a whim, removing respected ministers and replacing them with people with little
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Elizabeth Warren, D-Massachusetts, and Thom Tillis, R-North Carolina, announced legislation this week that aims to protect veterans from predatory home loan practices by requiring lenders to show how borrowers would benefit from refinancing their mortgages. The lawmakers said the proposed bill,
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The concern over risk and lending has been an ongoing concern for the last five consecutive quarters and is expected to carry forward into 2018. Credit scoring has also tightened in the last year, and consumer borrowing behavior seems to be shifting as customers are applying for fewer loans.
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On Thursday, UK-based peer-to-peer lender Lending Works celebrated its fourth birthday. Founded in January 2014, Lending Works describes itself as a peer-to-peer lending platform that matches people looking for a better return on their money with sensible borrowers looking for a low-cost, flexible
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The problems that impacted home production in 2017âspecifically, the shortage of affordable, buildable lots and the scarcity of labor affected home productionâwill continue into 2018, according to a survey from the National Association of Home Builders (NAHB). In a poll conducted during this week's
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The Bankers Association is considering a new code of practice that would get rid of the “guiding principle” in the current code that says banks will reimburse “genuine victims of internet banking fraud.” Instead, the bankers propose to allow individual banks to set their own policies in their terms and
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Second referendum is a bad idea, says Daniel Finkelstein, Conservative Party member of the U.K. House of Lords. A report on whether the U.K. has the right to change its mind on Brexit and remain in the European Union concluded that it would have to be a matter for judges. The European Parliament
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One of those options is the non-recourse lending industry. But companies that offer non-recourse advances aren't regulated by the federal government â and most states don't have regulations in place either â which means they can charge staggering interest rates and make a big time profit. In turn
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International Paper Company (NYSE:IP) â DA Davidson cut their Q1 2018 earnings per share (EPS) estimates for shares of International Paper in a report … ValuEngine downgraded shares of International Paper from a âbuyâ rating to a âholdâ rating in a research note on Wednesday, November 15th.
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The number of homes available for purchase in December 2017 was exceptionally low in Issaquah and Sammamish, even by âtypicalâ end-of-year standards. We have buyers, yet we have limited properties to show them. The limited number of homes available for sale heightens competition among
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âThe public doesn't understand that we're on the verge of disrupting not only the way you go to movies, but the whole distribution of content,â MoviePass CEO Mitch Lowe said on Bloomberg TV this week. âInvesting in blockchain is one of those things that people seem to consider as making our business
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