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Where Mortgage Payments Take the Smallest Bite Out of People’s Bank Accounts
MarketWatch, Mar. 5, 2019--Jacob PassyPeople in Washington, D.C., have the most money left over in their bank account after paying their mortgage each month, according to a new report from Zillow, which analyzed the 35 largest housing markets across the U.S.
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With Mortgage Rates Rising, More Homeowners Are Opting to Remodel Instead of Move
Dallas News, Mar. 5, 2019--Steve BrownHome remodeling is expected to grow over the next two years as more of the nation's homeowners elect to fix up rather than sell off the roofs over their heads.
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First-Time Homebuyer Market at Pre-Crisis Level
National Mortgage Professional, Mar. 5, 2019--Phil HallThe first-time homebuyer market recorded 2.07 million purchases in 2018, putting at a level that has not been seen since 2006, according to a new report from Genworth Mortgage Insurance Corp.
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Dems Urge CFPB to Reinstate Military Lending Exams
American Banker, Mar. 5, 2019--Rachel Witkowski (subscription)Senate Democrats sent a letter Tuesday asking the the Consumer Financial Protection Bureau to reinstate examinations of lenders for compliance with the Military Lending Act.
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Why NY Denied the FNF-Stewart Deal
The Title Report, Mar. 5, 2019 (subscription)The New York Department of Financial Services wrote Fidelity National Financial Chief Compliance Officer Paul Perez on Jan. 31, detailing its response to the proposed acquisition of Stewart Title by FNF.
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CBRE Grows Valuation Business by Acquiring Florida Valuation Group
HousingWire, Mar. 5, 2019--Ben LaneCBRE is growing its commercial real estate valuation business, as the company announced this week that it acquired Florida Valuation Group, a commercial real estate appraisal firm that specializes in right-of-way appraisal and litigation support for eminent domain proceedings in Florida and the Southeast.
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Community Bankers Brace for Rough Year–and Tougher 2020
American Banker, Mar. 5, 2019--Ken McCarthy (subscription)A recent survey conducted by Promontory Interfinancial Network found that nearly 40% of community bankers believe business conditions will worsen over the next 12 months. Less than a quarter of the 447 bankers surveyed in early January said they believed things would get better.
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