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Real Estate Market Bounces Back With 1.2 Pct Jump In Pending Home Sales

PYMNTS

percent in November after a fall in October that followed two consecutive months of increases, the National Association of Realtors (NAR) reported Monday (Dec. percent and pending home sales rose nationwide in all regions compared to 2018. The index of pending home sales increased 1.2

Marketing 136
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ECB Wants ‘Single Agency’ For AML Enforcement

PYMNTS

In addition, the official noted that the region has “seen cases recently where AML issues have compromised the functioning and even the viability of some banks, so it is very important here to move forward.”. Monitoring money-laundering, however, is usually handled at the national level.

Regional 109
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What Iran Can – And Won’t – Do In A Cyberwar

PYMNTS

Visner of the National Cybersecurity Federally Funded Research and Development Center (FFRDC) — managed by nonprofit MITRE , in support of the NIST National Cybersecurity Center of Excellence — said it’s important to put the cyberthreats, and Iran’s willingness to deploy them, in context. cloaked well enough so that the U.S.

National 145
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Deep Dive: How To Improve Existing AML/KYC Requirements

PYMNTS

Some of the highest activity has been reported in Europe, with a recent report finding that 90 percent of the region’s banks have been sanctioned for money laundering in the past decade. The United Nations Office on Drugs and Crime (UNODC) estimates the market for global money laundering is worth approximately $2 trillion per year.

How To 161
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CECL methodology – vintage analysis application

Abrigo

For loans originating in 2009, the total life-of-loan loss rate is 3.19% and the 2010 rate is 3.49%. The loss experience of this original balance is tracked annually and summed over the life of the loan leaving a cumulative, life-of-loan loss rate based on historic averages.

Analysis 150
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Location, location, location? How UK housing preferences shifted during the pandemic

BankUnderground

Changes in the UK housing market trends since the start of the pandemic To analyse trends in the housing markets during the pandemic, we examine differences in growth rates of housing prices across different regions of the UK, as well as across different types of housing (such as flats versus detached, semi-detached or terraced houses).

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Why lower house prices could lead to higher mortgage rates

BankUnderground

Given that high LTV mortgages look relatively cheap compared with recent history, we construct an illustrative scenario where the 90% LTV spread returns to close to its post-2010 average – something we regard as plausible. Sources: Bank of England and Office for National Statistics. The scenario reduces prices uniformly by 10%.