Beacon Real Estate News
Nov 20, 2014 | via The Warwick Advertiser
In Orange County, mortgage fee collections dropped from approximately $2.17 million in the first nine months of 2013 compared to the same period a year earlier to $1.16 million, for a decline of 46 percent. In Dutchess County, the county's mortgage tax revenue declined from $4,773,163 to $4,183,875 for the same period, a 12 percent difference. Comment?
Oct 21, 2014 | via Times Herald-Record
WHITE PLAINS – A Dutchess County woman was sentenced Tuesday in federal court to 51 months in prison and three years of supervised release for a series of frauds against the Internal Revenue Service and banks. Melanie Ferreira, 61, of Lagrangeville was convicted at trial of wire fraud, bank fraud, filing false claims with the IRS and obstructing and impeding internal revenue laws. Comment?
Friday Apr 24 | via Reuters
NEW YORK, April 24 The strong U.S. dollar, Colombian peso depreciation and slow growth in Latin American economies are not expected to be serious threats to the credit strengths of Colombia's largest private banks, says Fitch Ratings. In a strong dollar environment, Colombia's banks' primary currency exchange threat is local creditors needing to service debt and repay loans in foreign currencies when the creditors' primary source of income is in COPs. Comment?
Thursday Apr 23 | via Forbes.com
View From The MiddleTM showcases our expertise, insights and ability to put our knowledge to work for the small business, middle market and transportation sectors. Founded in 1908, CIT is a financial holding company with more than $35 billion in financing and leasing assets. Comment?
Thursday Apr 23 | via The Peninsula
The dollar jumped back above 120 yen on Thursday following a strong increase in US existing home sales, while traders keep a wary eye on Greece's long-running bailout talks. In Tokyo, the greenback bought 120.05 yen, up from 119.89 yen in New York and 119.54 yen in Tokyo earlier Wednesday. Comment?
Thursday Apr 23 | via Iol.co.za
The dollar was mixed on Thursday, with upbeat US housing data briefly lifting the unit above 120 yen, while traders keep an eye on Greece's long-running bailout talks. In Tokyo, the greenback eased to 119.75 yen from 119.89 yen in New York, but it is still up from 119.54 yen in Tokyo earlier on Wednesday. Comment?
Wednesday Apr 22 | via The Skanner
It is ironic that April is Fair Housing Month and the U.S. Senate has yet to schedule a vote on the nomination of the first Black woman to become the nation's Attorney General. Nominated on November 14, the nomination of Loretta Lynch has lingered longer than the seven previous attorneys generals combined. Comment?
9 min ago | via Current in Carmel
With 2,528 pended sales in March in Central Indiana, overall year-to-date home sales are up 7.7 percent compared to this time period last year, according to statistics compiled by F.C. Tucker Company. On a monthly basis, March 2015 pended home sales slipped 1.8 percent compared to March 2014, a decrease of 47 homes sold in the nine counties that F.C. Tucker tracks. Comment?
17 min ago | via The Washington Post
A specialty finance lender backed by private-equity firm H.I.G. Capital sold $209 million of securities on Friday backed by commercial mortgages on 31 properties. Underwriter Deutsche Bank AG called it a "middle market intermediate-term commercial real estate" deal. Comment?
20 min ago | via Palm Beach Post
The Boca Raton mansion that made headlines last year for its elaborately-designed home theater modeled after the deck of the starship Enterprise is off the market. The 27,000-square-foot mansion was delisted last week after about a year of heavy marketing, including a spot on CNBC's "Secret Lives of the super rich." Comment?
30 min ago | via Fox News
Wall Street remained jittery on Tuesday, with stock futures sliding into the red ahead of the Federal Reserve kicking off its two-day policy-setting meeting, which will be closely watched for any clues on the first rate hike. A slew of earnings reports were also on tap to keep investors busy, including results from Ford, Pfizer and T-Mobile ahead of the bell. Comment?
34 min ago | via GlobeSt.com
McLEAN, VA-Freddie Mac Multifamily has announced that it has securitized more than $100 billion of multifamily mortgages since the program was launched in 2009. That year there was only $2 billion in issuance. Comment?
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