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Blain: “There Ïs Pain On The High-Yield Desk This Morning

[ad_1] Submitted by Bill Blain of Mint Partners Draghi makes a long-term call.. but how much time has it? And Iceland to win the World Cup? “Son, do not take this bet, for as sure as you stand there, you are going to end up with an earful of cider” There is pain on the high-yield desk this morning. A highly levered Saudi Arabia to win sure-fire bet went spectacularly wrong. Hosts Russia, the “worst team in the competition”, slaughtered…

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Vernon launches trio of 3-year buy-to-let mortgages

[ad_1] Vernon Intermediaries has launched a trio of 3-year rate buy-to-let mortgages to 70% loan-to-value. They are a fixed rate holiday let mortgage at 3.69% with an £899 fee and a fixed rate limited company deal at 3.69% with a £1,899 fee. Also there is a 3-year discount early repayment charge-free buy-to-let deal at 3.45% with a £995 fee. Vernon’s retirement mortgage no longer requires an equity release qualification Tom Gurrie, intermediary sales manager at Vernon, said: “We’re an experienced…

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The CFPB’s Black Hole Fix Final Rule: Escaping the Event Horizon

[ad_1] By Richard Horn The CFPB just saved the industry from the TRID rule’s Black Hole in a final rule issued on April 26, 2018. The final rule completely eliminates the Black Hole, which you may remember is a limitation on how many days before closing lenders can use the Closing Disclosure (CD) to reset their “tolerance baseline.” The CFPB’s fix allows lenders to provide revised estimates to reset their tolerance baselines on any initial or corrected CD, regardless of…

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FCA issues clone broker warning

[ad_1] You are currently accessing Insurance POST via your Enterprise account. If you already have an account please use the link below to sign in. If you have any problems with your access or would like to request an individual access account please contact our customer service team. Phone: 1+44 (0)870 240 8859 Email: [email protected] [ad_2] Source link

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Echo Energy PLC up as it switches Argentina drill schedule to accelerate Fracción D

[ad_1] () shares rose on Friday as it told investors that it is changing its drill plans in Argentina to accelerate the Fracción D asset. The company recently completed a successful well test on the CSo-85 well, which had been the subject of a work-over and it has now decided to substitute the fourth and final slot in the present Fracción C and Laguna de Los Capones drill programme with a new well at Fracción D. As a…

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Should Peer-to-Peer Lenders Exist in Theory?

[ad_1] Should peer to peer lenders exist in theory?John LewisBank Underground, 08 JUNE 2018         Walter Heller famously said that an economist is someone who sees something in practice and wonders if it would work in theory.  Economic theory says banks exist because they channel loanable funds more efficiently than individual savers and investors pairing up bilaterally.  Those informational, diversification and maturity transformation considerations imply that banks should be able to out-compete peer to peer (P2P) lenders.  The stylised fact that…

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San Antonio home prices reach a new high

[ad_1] The San Antonio-area housing market continued on its hot streak in May, with sales rising at a steady clip and the median sales price reaching its highest level ever. The median price of a home in the local metro area was $231,900 in May, a 4.8% increase from $221,300 a year before, according to data from the San Antonio Board of Realtors. That’s the highest ever for the local market, by a considerable margin — in second place was…

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Hurricane Irma insured losses nearing $10bn, says Florida regulator

[ad_1] Reflecting the hurricane Irma related loss creep experienced by insurance-linked securities (ILS) funds and reinsurance vehicles, the regulator in Florida has reported a 13% rise in total insured losses from claims reported to more than $9.7 billion.Still the regulator reports over 92,500 insurance claims from hurricane Irma are still open in the state of Florida, suggesting the total has further to rise before the final bill for the insurance, reinsurance and ILS industry from last years major storm will…

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Joining Some Dots on the Skripal Case: Part 5 – An Educated Guess

[ad_1] Authored by Rob Slane via TheBlogMire.com, I want in this piece to start joining some dots together on this case, using some of the facts, clues and suppositions that I have set out in the previous parts. I said at the end of Part 4 that there would be one more piece. That has turned out to be wishful thinking on my part, and there will in fact be a further article after this one. In this piece, I want to…

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Government urged to cut stamp duty for downsizers to boost housing supply

[ad_1]  The Treasury is being urged to extend its stamp duty cuts to those downsizing, in a bid to boost supply in the housing market.  This call comes as the latest housing index shows demand from buyers has risen significantly over the past 12 months.  Haart’s housing market monitor found that the number of buyers registering with estate agents in May had risen by 44.3 per cent over the past year – and was at its highest level for two…

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