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U.S. home lenders see leaner times ahead: Fannie Mae survey

June 26, 2017 (Reuters) – U.S. mortgage lenders are bracing for rockier times as consumers demand for home loans slows and competition in the mortgage industry intensifies, Fannie Mae’s latest quarterly survey released on Monday showed. Some lenders are worried about a squeeze on their profit margin, but the number of them has fallen since the fourth quarter of 2016, according to the 184 mortgage executives who responded to the survey. In a response to a tougher climate, more lenders said they plan to relax their lending standards, which could…

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Some Chase branches in Seattle closed by protests over pipeline loans

May 9, 2017 By Tom James SEATTLE (Reuters) – Native American leaders and climate activists protested at several Chase branches in Seattle on Monday, forcing them to close temporarily as demonstrators demanded the bank not lend to projects like the Keystone XL oil pipeline. Police said 26 people were arrested by late afternoon. Activists said they disrupted operations at 11 Chase branches, and two other branches closed as well. Darcy Donahoe-Wilmot, a spokeswoman for Chase, which is a unit of JP Morgan Chase & Co , declined to comment. At…

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Director Francis Ford Coppola weighs in on preserving net neutrality

May 8, 2017 WASHINGTON (Reuters) – Francis Ford Coppola, director of classic films such as “The Godfather” and “Apocalypse Now,” has sent a letter to the top U.S. telecommunications regulator to urge support for “net neutrality,” which prevents internet companies from blocking, throttling or giving “fast lanes” to particular websites. Federal Communications Commission Chairman Ajit Pai, named by President Donald Trump in January, has said that he plans to scrap a 2015 internet conduct standard aimed at preventing broadband providers from favoring their content over others. In the letter released…

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