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Cognitive Decline of Older Americans Impacting Housing Decisions, Behavior Patterns
World Property Journal, Mar. 28, 2016--Gerrity, Michael A new report by the Mortgage Bankers Association's Research Institute for Housing America, Cognition and the Housing Behavior of Older Americans, notes a strong correlation between housing behavior and the cognitive decline of older Americans. Importantly, normal cognitive aging also correlates to a potential borrower's ability to make decisions relating to their own housing and financial situation.
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Starwood Gets Higher Offer From Anbang-led Group, Threatening Marriott Deal
Wall Street Journal, Mar. 28, 2016--Jamerson, Joshua The battle for Starwood Hotels & Resorts Worldwide Inc. continued Monday as the group led by China's Anbang Insurance Group Co. increased its bid for the hotelier to $14 billion, raising the stakes in the high-profile bidding war with Marriott International Inc.
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CFO of Redwood Trust to Succeed Outgoing President
National Mortgage News, Mar. 28, 2016--Macheel, Tanaya Redwood Trust has promoted its chief financial officer, Christopher Abate, to replace its departing president, Brett Nicholas.
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Plaza Hotel Auction Said Canceled as Lenders Grant an Extension
Bloomberg, Mar. 28, 2016--Yu, Hui-Yong Next month's auction for the Plaza Hotel in Manhattan was canceled after the holders of the mortgage reached a deal to give the borrowers more time to sell the property and pay back the loan.
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U.S. Consumer Spending, Trade Data Signal Sluggish Growth
Reuters, Mar. 28, 2016--Mutikani, Lucia U.S. consumer spending barely rose in February and inflation retreated, suggesting the Federal Reserve could remain cautious about raising interest rates this year even as the labor market rapidly tightens.
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This Real Estate Market is About to Crash
CNBC, Mar. 28, 2016--Insana, Ron The StreetEasy Blog, which tracks New York real estate markets, notes that expensive apartments are sitting idle for roughly 90 days before being sold, the longest "time on market" since January 2013.
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Tech Startup Shakes Up Real Estate Routine
SunSentinel (Fla.), Mar. 28, 2016 The multibillion-dollar real estate industry is seeing a slew of real estate tech startups, including virtual property-viewing services, property management software and real estate investing platforms.
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How Has The Third-Party Mortgage Servicing Portfolio For The Largest U.S. Banks Changed Since 2011?
NASDAQ, Mar. 28, 2016--Trefis The total third-party mortgage servicing portfolio for the 5 largest U.S. banks has shrunk by nearly 9% annually over the last five years, as stricter capital requirements and poor quality of legacy mortgages forced the four largest banks to reduce their presence in the mortgage servicing industry.
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