Fitch: Brexit to bring another tough round of earnings

Posted June 30, 2016 / No comments

Remember this year’s rough first-quarter earnings season thanks to historically low interest rates? Well, according to a new report from Fitch, the market might experience it all over again. This time Brexit is to blame. It’s not bad for everyone though. Fitch pinpointed that this group will get hit the worst. Source: Housing Wire

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Fitch: Brexit to bring another tough round of earnings

Posted June 30, 2016 / No comments

Remember this year’s rough first-quarter earnings season thanks to historically low interest rates? Well, according to a new report from Fitch, the market might experience it all over again. This time Brexit is to blame. It’s not bad for everyone though. Fitch pinpointed that this group will get hit the worst. Source: Housing Wire

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American Modern Insurance Group fined $1M for over-charging on force-placed insurance

Posted June 30, 2016 / No comments

The state of Minnesota announced earlier this week that it is fining American Modern Insurance Group $1 million for over-charging Minnesota residents for force-placed insurance. American Modern Insurance Group will also be required to cut its insurance rates by 43% and provide refunds to the affected homeowners. Source: Housing Wire

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American Modern Insurance Group fined $1M for over-charging on force-placed insurance

Posted June 30, 2016 / No comments

The state of Minnesota announced earlier this week that it is fining American Modern Insurance Group $1 million for over-charging Minnesota residents for force-placed insurance. American Modern Insurance Group will also be required to cut its insurance rates by 43% and provide refunds to the affected homeowners. Source: Housing Wire

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Groundbreaking ruling? Federal jury finds Emigrant Bank liable for predatory lending

Posted June 30, 2016 / No comments

In what the plaintiffs’ attorneys are calling a “first of its kind” decision, a federal jury in Brooklyn ruled this week that Emigrant Savings Bank and Emigrant Mortgage Company engaged in predatory lending by “aggressively marketing toxic mortgages to Black and Latino homeowners with poor credit” in the run-up to the housing crisis. Source: Housing

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