Urban Institute: 'Significant Space' to 'Safely Expand the Credit Box'

Mortgage credit availability in the GSE channel – Fannie Mae and Freddie Mac – has been at the highest level since its low in 2011, according to the report. The government channel – which includes the Federal Housing Administration, the U.S. Department of Veterans Affairs, and the U.S. Department
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Financial technology giant Finastra launched a “centre of excellence” focusing on the future of banking in Hong Kong's Cyberport on Tuesday. Robert Smith, the chief executive of Finastra's parent, private equity fund Vista, said the new centre would not only provide a way of presenting Finastra's
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A quarter of a billion euros has been paid to Irish tracker mortgage holders who were done out of low-cost interest rates by banks, the finance minister said. https://www.independent.ie/breaking-news/irish-news/250-million-euro-compensation-paid-to-tracker-mortgage-customers-36494955.html.
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According to the website 99bitcoins.com, there are 89 companies that claim to accept Bitcoin as currency, including Subway, the Massachusetts Institute of Technology bookstore, and the Museum of the Coastal Bend in Victoria, Texas. But I can't imagine anyone actually using it to pay for something.
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White House Press Secretary Sarah Sanders said claims that President Donald Trump is racist are “outrageous,” citing his success as a public figure and his star turn on television as a host on NBC's reality show “The Apprentice.” “Frankly, if the critics of the president were who he said he was, why did
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The weighted average FICO credit scores of securitized reperforming loans are showing some deterioration, according to a DBRS study of bonds issued since 2015. “For certain programmatic issuers, WA FICO scores have declined between 15 points and 20 points since program inception,” said DBRS
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Big tech has a new opening to disrupt the big banks. A tussle to create a killer banking app is shaping up. Thanks to “open banking” rules that take effect this month, consumers' account information in Europe is no longer the exclusive domain of banks. Lenders will have to cough up their customers' data
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Bitcoin, the largest cryptocurrency, has sputtered out the gate this year and fell as much as 20 percent to about $11,200 Tuesday, the lowest since December. But while regulatory concerns have turned most major crypto markets into a sea of red this month, smaller cryptos have rallied. Bitcoin's
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The Trump administration released a study Tuesday claiming that most people convicted in U.S. courts of crimes related to international terrorism are foreign-born, a move that amplifies the president's efforts to invoke national security concerns to justify tighter immigration policies. Attorney General Jeff
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The World Economic Forum's annual meeting in Davos, Switzerland, next week will host its usual line-up of industry titans, globe-trotting financiers and politicians of all ideological hues. The gathering is still almost certain to be dominated by just one of them: Donald J. Trump. The most controversial
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Lawmakers from German Chancellor Angela Merkel's caretaker government are trying to stop the far-right Alternative for Germany party from chairing a key committee in the Bundestag, according to two people familiar with the plans. Merkel's Christian Democrat-led bloc and the Social Democratic Party
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Mumbai: To enhance transparency in property transactions, the GST Council is expected to bring the real estate sector under the purview of the unified indirect tax regime GST from 1 April next, an expert has said. “It could be introduced from 1st April, and the legislative changes could be done in this
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The conference brings together leading thinkers and practitioners in disciplines of property and real estate. Its 2018 theme is “Property research for our changing world”, and it covers broad ground, including housing markets, urban planning and design, sustainability, behaviour economics, property
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The National Housing Conference (NHC) has named David M. Dworkin as its next president and CEO. Dworkin joins NHC from the U.S. Treasury Department, where he most recently has served as a senior housing policy advisor in the Office of Domestic Finance. During the Obama Administration,
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Commercial banks of Uzbekistan in 2017 provided investment loans worth 16.1 trillion soums, which is 1.3 times more than in 2016, the Central Bank of Uzbekistan said in a message on Jan.16. The Central Bank notes that when issuing investment loans, banks focused on ensuring timely and full
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Even though it is not expressly regulated by Mexican law, it is common practice to appoint a facility agent to represent the interests of the syndicated lenders against the borrowers. These kinds of appointment are recognised by Mexican courts. This also applies to loan securities derived from a public
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Needle moving action has been spotted in Freddie Mac (FMCC) as shares are moving today on volatility -2.42% or -0.05 from the open. The OTC listed company saw a recent bid of 2.0200 and 623683 shares have traded hands in the session. Investors might be looking to find some bargains to add to
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A shortage of Orlando houses on the market — particularly in affordable price ranges — is a concern for the region's leading industry group leading into 2018. The core Orlando housing market, which includes mostly Orange and Seminole counties, had the lowest year-end supply of listings in more than
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President Donald Trump told Chinese President Xi Jinping that the growing U.S. trade deficit with China isn't sustainable, the White House said in a statement Tuesday. Trump spoke with Xi on Monday to discuss trade, as well as the talks between Pyongyang and Seoul, according to the statement.
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Michael Jordaan, former First National Bank CEO and technology entrepreneur, is set to launch a new bank that mirrors today's digital world. It is expected to debut in the fourth quarter of 2018. Founded by Jordaan and Yatin Narsai, a banking innovator, Bank Zero is described as “a unique and fresh
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