This week's List takes a look at the companies that are giving out those mortgages. Wells Fargo Home Mortgage Inc. remains the largest mortgage lender in Greater Baltimore this year, with $554.64 million in local mortgages in 2017. The lender's average mortgage in 2017 was $278,576. Below, you
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LOS ANGELES â Last month saw the first huge correction in the stock market since early 2016. Congress agreed on an expansionary spending path for 2018-19 and long-term interest rates increased to multi-year highs and are expected to increase this year. How will this play out in the real estate
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As of the fourth quarter of last year, the share of all refinances that were cash-outs rose to the highest since 2008, according to Freddie Mac data. Rates have churned higher since the presidential election in late 2016, though they spent much of 2017 reversing the immediate post-election surge.
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Mick Mulvaney, who serves as interim head of the Consumer Financial Protection Bureau (CFPB), has opted not to pursue a lawsuit against a payday loan collector, CNBC reported. He is also deciding whether he'll move ahead with possible lawsuits involved three other payday lenders. Mulvaney was
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One sector that is attracting strong inflows right now is the U.S. commercial real estate (CRE) equity and debt markets. Over the course of my career, I have been involved in the funding or acquisition of several billion dollars of real estate loans, currently as the founder of a CRE lender. I've learned and
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We have good paying jobs here but the rental and housing market is still not within reach for many people,â she says. We took the top three questions being asked at the forum and got answers for them. Why aren't more affordable homes being built in Hillsborough County? Cheryl Howell, Affordable
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MGM Resorts International (NYSE:MGM) trades with a trailing P/E of 10.3x, which is lower than the industry average of 21.6x. Although some investors may jump to the conclusion that this is a great buying opportunity, understanding the assumptions behind the P/E ratio might change your mind. Today
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Banks have devoted a tremendous amount of time, money and effort into automating most retail banking services, but there is one area where they still seem to be stuck in the 1990s: home-equity lending. Compared to nuts-and-bolts banking services such as depositing checks, paying bills and applying
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Maintain overweight: In our view, there were not much upside or downside surprises based on the release of Bank Negara Malaysia's (BNM) 2017 Financial Stability and Payment Systems Report. For 2018, we believe that favourable conditions such as receding household debt risks, ample liquidity and
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It would be easy to create a complete list of characteristics and qualities of the ideal real estate agent, but not only would that list be extremely long, the vast majority of those qualities and characteristics would be rather unimportant in the grand scheme of things. Real estate managers and leaders should
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It would be great if he were still alive, or at least a head in a jar, because he consistently used his fortune to aid the poor, fund education and the arts, and generally be a chill bro. But what about Kentucky? It's Brad M. Kelley, a Bowling Green native who owns Calumet Farm and owns Lonely Planet, the
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Now the real estate industry is joining the VR craze. The national building contractor Suffolk Construction has opened a Smart Lab in its downtown Miami office, following other labs in New York, Los Angeles, Boston, San Francisco and Tampa. All opened over the last year. The lab uses technology such
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The rule is designed to rein in predatory business practices by payday lenders. Payday loans, also called small-dollar loans, provide quick access to cash in exchange for full payment plus variable interest rates. Many borrowers use payday loans as a quick fix when ordinary living expenses get too
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With the New York Federal Reserve beginning to publish the Secured Overnight Financing Rate â or SOFR â next week, the American Bankers Association today wrote to the Financial Accounting Standards Board in support of including the overnight index swap rate based on SOFR as a benchmark
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Real Estate database firm Zillow declared Columbus the hottest apartment market in the nation in 2016. âWhile Columbus may not be on everyone's go-to list of hot markets, this college town is clearly undergoing an apartment building boom, and new units are going quickly,â said Svenja Gudell, Zillow's
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Walmart Inc. is in talks with health insurer Humana Inc. for a closer partnership to provide health care to consumers at home and prevent illness, according to a person familiar with the matter. Health-care spending accounted for about 18 percent of the U.S. economy last year, and continues to surge with
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This article first appeared in Data Sheet, Fortune's daily newsletter on the top tech news. Sign up here. I'm feeling nostalgic these days. Maybe it's because the beginning of baseball season swells my heart with all those clichéd feelings of hope springing eternal. Perhaps like skeptical journalists
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Two of Houston's area lakes are in the top five most expensive waterside housing markets in the state, according to a 2018 report by Lake Homes Realty. When it comes to luxury homes near lakes, Lake Woodlands and Lake Paloma are the two Houston-area water bodies that land on the top five
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This is the web version of Data Sheet, Fortune's daily newsletter on the top tech news. To get it delivered daily to your in-box, sign up here. I'm feeling nostalgic these days. Maybe it's because the beginning of baseball season swells my heart with all those clichéd feelings of hope springing eternal.
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Why is the real estate industry at risk? Real estate is an attractive target for those looking to hide the proceeds of crime. It allows large quantities of cash to be laundered in a single transaction, and the real estate sector has notoriously lax controls around money laundering. According to the Financial
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