The Lede
Top National News
Retail Center Owners Look to Hotels to Bring New Life to Vacant Big-Box Spaces
National Real Estate Investor, June 11, 2018--Mary DudichHotels appear to be a particularly good fit for retail centers, which tend to have ample parking, prime locations and shopping, restaurants and entertainment options readily available for travelers.
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Future of Genworth PMI Unit Takes Shape after Feds OK Acquisition
National Mortgage News, June 11, 2018--Brad Finkelstein (subscription)Genworth Financial's mortgage insurance business, which had slipped in market share, has more certainty about its future prospects after a federal government committee approved the holding company's acquisition by China Oceanwide.
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U.S. Net Neutrality Rules Expire, Court Battle Looms
Reuters, June 11, 2018--David ShepardsonU.S. open internet rules expired on Monday, handing sweeping new powers to internet providers to block, throttle or offer paid "fast lanes" for web traffic, but a court battle remains ahead.
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Mortgage Business Still Stuck in Holiday Slump
Mortgage Daily, June 11, 2018During the seven days that finished on June 8, the U.S. Mortgage Market Index from Mortgage Daily retreated nearly 3 percent compared to the preceding week, which included Memorial Day.
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Mortgage Events Cover Compliance, Regulation
Mortgage Daily, June 11, 2018--Sam GarciaIncluded among dozens of upcoming mortgage-related events are a compliance workshop, a regulatory conference and a mortgage accounting software user event.
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Philadelphia’s Affordable-Housing Plan: a Tax on New Buildings
Wall Street Journal, June 11, 2018--Scott Calvert (subscription)Philadelphia's City Council is weighing a proposed 1% tax on construction to raise millions of dollars for affordable-housing programs, marking the latest push by a U.S. city to address rising residential costs.
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Landlords Are Practically Giving Malls Away
Bloomberg, June 12, 2018--Sarah Mulholland (subscription)As they battle the rise of e-commerce, U.S. mall owners are trying to clear their books of fading centers so they can focus on the most-profitable ones. That's proving difficult, with just a shallow pool of investors who are willing to take on a declining mall and even fewer who would pay what the landlords want.
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