House rich, cash poor: When a reverse mortgage might make sense
Reverse mortgages were at one time considered the Wild West of financial products, associated with aggressive and even predatory sales tactics targeting seniors in the United States.
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Advisor wins U5 expungement after accusing Ameriprise of defamation
A FINRA arbitration panel handed a former Ameriprise advisor a major victory this week, awarding her $200,000 and ordering her official record cleared in a defamation suit against her former employer. Processing Content Brooke Pilant, a Tennessee-based advisor at Ameriprise from 2017 to 2024, filed a complaint last year with the Financial Industry Regulatory Authority…
UWS Double-wide Sets New Neighborhood Record With $45M Sale
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How a potential policy change could shake up the commercial real estate sector
According to the report, the approach lowers annual debt payments by about 10% to 20% compared with conventional commercial mortgages. Total interest costs may be higher over the life of the loan, but lower annual payments improve cash flow and make more retrofit projects financially viable. The authors say the target market is purpose-built rental,…
&Partners Adds $864M Team From Wells Fargo Advisors
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Fiserv President Dhivya Suryadevara resigns
Key insights: Dhivya Suryadevara is resigning as president of Fiserv. What’s at stake: The bank technology vendor is in the midst of a turnaround strategy that has included a shake-up of its management team. Forward look: Andrew Gelb and Srini Krish will be interim co-heads of financial solutions at Fiserv to support continuity. Fiserv’s attempt…
