The number of tracker rate mortgages, which move up and down in line with the Bank of England's bank base rate, available to borrowers has plummeted to a nine-year low. Data from financial information site Moneyfacts has revealed that there are currently 268 trackers on offer from mortgage lenders.
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Freddie Mac originated the three-year, floating-rate loan with a competitive spread over LIBOR, and an LTV ratio of 82 percent. Built in 1974 and renovated in 2009, the property located at 4120 Union Square Blvd. features one-, two- and three- bedroom units. Interior amenities include washers, dryers,
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The annual report, released Tuesday, showed that 21 states saw a decline in well-being while zero states saw an improvementâa first in the index's nearly decade-long history. Although some physical and community well-being measurements improved, they were outweighed by the drop in
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A number of new names feature on the revised list of the International Capital Market Association (ICMA) European Repo and Collateral Council (ERCC) members following the annual elections held between 26 January and 9 February. ICMA has reported that Jayne Forbes of AXA Investment
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Genie was created to provide individuals based in Asia with a unique way to borrow and lend money for their business using a peer-to-peer system that is based on a blockchain network. The Genie ICO has been created by an experienced team after observing the rapidly changing Asian financial
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Former White House staffer Omarosa Manigault Newman's scorched-earth campaign against her former employers continued on CBS' Celebrity Big Brother with a new target: Vice President Mike Pence. The reality TV star who served less than a year in her White House role as director of
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The U.S. Treasury expects to pay $5.1 billion to prop up Fannie Mae FNMA, +1.07% and Freddie Mac FMCC, +0.00% in the coming year, according to budget documents released Monday. The draw from Treasury has been long anticipated, as Congress directed the mortgage finance giants to steadily
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Home prices jumped to all-time highs in almost two-thirds of U.S. cities in the fourth quarter as buyers battled for a record-low supply of listings. Prices for single-family homes, which climbed 5.3 percent from a year earlier nationally, reached a peak in 64 percent of metropolitan areas measured, the
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Rep. Blaine Luetkemeyer (R-Mo.) has been announced as a keynote speaker for the American Bankers Association's Government Relations Summit, April 23-25 in Washington, D.C. A co-owner and former executive at a local community bank, he currently serves as chairman of the Financial Institutions
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WASHINGTON â The Trump administration has said it wants to get Fannie Mae and Freddie Mac out of government control, but in the meantime it's not being shy about seeking to use revenue from the U.S.-backed mortgage guarantors to reduce the deficit. In its 2019 spending plan released Monday,
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Now that a decade has passed since the housing market collapsed and home prices have steadily risen on a national basis, Zillow's researchers found that the housing market has regained all of the $9 trillion lost in home value during the recession. But not every housing market has fully recovered.
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Sharestates, an online real estate investment platform, announced its inception into the Arizona Banking Department roster of lenders as Sharestates Investments, LLC. With this launch, Sharestates will be offering its loan products to the real estate speculation and development community in a statewide
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Encore Wire logo Victory Capital Management Inc. decreased its position in shares of Encore Wire Co. (NASDAQ:WIRE) by 3.8% during the 4th quarter, … is a supplier of building wire for interior electrical wiring in commercial and industrial buildings, homes, apartments, and manufactured housing.
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Wells Fargo & Co. reckons it won't suffer a consumer backlash from the unprecedented punishment the Federal Reserve leveled this month. The third-largest U.S. bank anticipates an increase in loans made to consumers to finance homes and other purchases even as an order from the government's top
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Knight Frank's Retirement Housing team, along with our colleagues in Healthcare, Residential Capital Markets and Research, are drilling down into data in even more detail in order to present the most complete picture of tenure trends and retirement housing fundamentals. This way, we can share the
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Blackstone Names Real Estate Head Jon Gray as President, COO. By. Melissa Mittelman. @melissa_mitts More … 48, joined Blackstone in 1992 straight out of college. The real estate business he oversees is the firm's largest by assets and accounted for about half of Blackstone's pretax profit last year.
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The ousted White House strategist considered endorsing Janet Yellen for a second term as Federal Reserve chair but instead kept quiet as Trump passed her over in favor of fellow Republican Jerome Powell. âYellen's my girl,â Bannon is quoted by Bloomberg's Josh Green as saying in a new preface to
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Ares Capital Corp and Varagon Capital Partners have expanded its senior direct lending program to about $6.4 billion from $2.9 billion. Also … today an increase in the investment capacity of their joint venture, the Senior Direct Lending Program (âSDLPâ), to approximately $6.4 billion from $2.9 billion.
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Brexit may be back on the agenda for the pound, but that doesn't mean the currency will plummet, according to ING Groep NV. With the U.K. government set to outline its Brexit vision this week ahead of next month's European Union leaders' summit, short-term risk premium is likely to make a comeback,
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Based on Land Registry figures, the report showed the average home price across the country reached £227,000 in December, an increase of £1,000 on the previous month and £12,000 higher than in December 2016. Scotland and SW England showed the biggest percentage rises at 7.7 per cent and
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