The striking similarities between mortgage-backed securities and the 17th century financial system

And yet, there are eerie similarities between the mortgage-backed securities of the 21st century and a financial product that was issued over three centuries ago, in the 17th century, known as collateralized treasury obligations. In an era before the Bank of England, the London Stock Exchange, rocket
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New York's real estate industry has plenty to worry about in early 2018, from rising interest rates to trade wars and a potential cyclical downturn. But strong private fundraising is an indicator that it might not get so bad after all. A staggering $33 billion in new private real estate funds closed globally
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House prices in the Toronto area continued to show signs of stabilizing in March, fuelling predictions the city will see stronger growth in the second half of 2018. The Toronto Real Estate Board (TREB) said the average home in the Greater Toronto Area sold for $784,558 in March, down 14 per cent from
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… review of the Island's future housing needs has begun to examine what impact an ageing and growing population could have on the housing market. … examination of Jersey's future housing needs to help us make decisions about the number and type of new homes that will be required over the next
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NewDay USA and Nations Lending Corp. have been restricted effective this week from issuing Ginnie Mae bonds that are intermingled with loans from other lenders, according to a person familiar with the matter. The move follows an examination by Ginnie Mae, a government-owned corporation that
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The company said Far Cry 5 is now the fastest selling title in the franchise's history, not just in the UK, with digital distribution accounting for more than 50% of sales. Far Cry 5 players have also racked up some interesting stats: over 55,000 hours of the game have been streamed on Twitch and YouTube
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With dogs living longer, the number of senior pets is on the rise. Now, with those over 7 years of age being categorized as adults and subcategorized as geriatric, it gives pet specialty retailers a golden opportunity to focus on this market and stock the growing number of products targeting this category
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Data capitalism is being described as capitalism that is driven by data usage and data analysis and is already changing many parts of our economy. Financial institutions have lots of information about people and could,if they wanted to, gain access to more that could be used in serving customers, not
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The company is facing a debt crisis and it is indebted to Russian banks alone to the tune of roughly 1.3 bln euro or 30% of its total debt. In April 2017, the government of Croatia began bailout procedures for the company and initiated a restructuring scheme. Agrokor founder Ivica Todoric was put on
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Hawks forward Joe Smith (32) has missed the past eight games with a dislocated left thumb. Former NBA player and Atlanta Hawk Joe Smith lost his $61 million fortune and now owes over $150,000, according to CNBC. Smith was the No. 1 overall pick in the 1995 NBA Draft. He signed a one-year deal
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Canary Analytics, the San Antonio-based subsidiary of San Francisco-headquartered HouseCanary Inc., was the defendant in a lawsuit filed in April 2016 by the company then known as Title Source Inc., which has since changed its name to Amrock Inc. Both Amrock and Quicken Loans are owned by
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Enova International logo Enova International Inc (NYSE:ENVA) Director Ellen Carnahan bought 1,090 shares of the company's stock in a transaction on Friday, March 16th. The stock was bought at an average price of $22.85 per share, for a total transaction of $24,906.50. The purchase was disclosed in
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A Houston executive at Amegy Bank is now the first woman to be named to the Texas Bankers Hall of Fame at Sam Houston State University. Jill Vaughan has been recently named to the 2018 hall of fame class along with three other Texas bankers. She is the executive vice president and Southwest
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… plants globally, according to New Energy Finance — more than double that of Amazon.com Inc., the next biggest green consumer. “It's a significant investment, leading to lots of new renewables projects,” Kyle Harrison, a New York-based analyst at Bloomberg New Energy Finance, said in an interview.
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Oracle Corp. chief executive Safra Catz criticized the bidding process for a huge Pentagon cloud computing contract in a private dinner with President Donald Trump on Tuesday, complaining that it seemed designed for Amazon.com Inc. to win, according to people familiar with the matter, Bloomberg
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For all the hype surrounding Ripple and XRP, its absence on markets like Gemini and Coinbase is eye-catching. By dangling money in front of … A Coinbase representative declined to discuss specific assets, but referred Bloomberg to the exchange's listing framework. It's not necessarily unusual to pay
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While U.S. equities continue to struggle amid trade concerns, it's a stock that has remained relatively unscathed that hedgers are focusing on. The cost of protecting against declines in Apple Inc. shares has jumped to a two-year high, with the price between bearish and bullish options becoming the
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Toronto, we now know, is in the midst of a housing availability and affordability crisis that is pricing many young people and middle-class families out of the city. As the average price across all housing types has surpassed $700,000, all levels of government appear to have been caught off-guard and are
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Australian Prudential Regulation Authority chairman Wayne Byres used day one of The Australian Financial Review's 2018 Banking & Wealth Summit to release a weighty review on the role played by pay in risk taking and sharp practice at the banks. But when asked if he was surprised at the behaviour
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Radian Group Inc. (NYSE: RDN) bought title insurance company Entitle Direct Group Inc. Ballard Spahr represented the buyer. Jeff Nahley launched Nashville-based family office GlassRock Capital Partners. Nahley previously focused on healthcare at Signal Hill, which was sold to DCS Advisory in
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