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Financial News

Synchrony Bank To Pay $3.5 Million In Debt Collection Lawsuit, LADA Announces

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The bank had been accused of engaging in unlawful debt collection activities via call centers, including repeated harassing phone calls. Los Angeles County District Attorney (LADA) George Gascón announced Monday that Synchrony Bank has been ordered to pay $3.5 million to settle a civil lawsuit alleging the company made unreasonably frequent or harassing phone calls to debtors in California. “Repeated ...

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Southern California Bancorp To Acquire Bank Of Santa Clarita In Merger Agreement

The holding company for Bank of Southern California, N.A., known as Southern California Bancorp, has announced its plan to acquire the Bank of Santa Clarita through a newly-signed merger agreement. The new agreement is slated to merge Bank of Santa Clarita and Bank of Southern California, resulting in the acquisition of the former to Southern California Bancorp. “The acquisition of ...

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Real Estate & Market Report: February 10, 2017

Santa Clarita Real Estate & Market News

Corporate profits and resumed business optimism, relating to President Trump’s economic policies, has investors feeling more confident in business growth for 2017. The Dow Jones Industrial Average, after struggling to stay above the 20,000 mark, seems to have taken a foothold at a new record level above the 20k benchmark. Mortgage rates, which have declined slightly over the last week ...

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Real Estate & Market Report: January 06, 2017

Santa Clarita Real Estate & Market News

Real Estate & Market Report: January 06, 2017 – Now that the holidays are over, let’s see if the Dow Jones Industrial Average can break the 20,000 mark. By: Fred Arnold Last week the index came very close, but investor concerns about U.S. and China trade relations had many sitting on the sidelines. In addition, many people are just getting ...

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Real Estate & Market Report: December 16, 2016

Santa Clarita Real Estate & Market News

As expected, the Fed raised interest rates by .25% at their FOMC meeting this week.  By: Fred Arnold What was not expected was the projection of three rates increases in 2017. Investors were expecting to hear that only two increases would be forthcoming. On this news, the bond market took a beating and yields rose rapidly. The threat of inflation ...

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Real Estate & Market Report: March 11, 2016

Santa Clarita Real Estate & Market News

Real Estate & Market Report: March 11, 2016 – With a lack of economic data this week, both domestically and internationally, there has been little for the stock market to act upon. The week has seen the market trading in a fairly narrow margin which has given investors a little bit of a breather. Of course movements in the market ...

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Real Estate & Market Report: January 22, 2016

Santa Clarita Real Estate & Market News

Real Estate & Market Report: January 22, 2016 – Many on Wall Street are hopeful that the slide in oil prices has stopped. The stock market has lost over 1500 points since the start of the year. This is the worst start in history for the market. The Dow, after being down all week was up Thursday and has been ...

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Real Estate & Market Report: December 04, 2015

Santa Clarita Real Estate & Market News

Real Estate & Market Report: December 04, 2015 – The National Association of Realtors reported that pending home sales has been softer than expected. For the month of October, sales rose only 0.2 percent. From the same time last year, sales are up 3.9 percent, which continues to indicate a somewhat flat trend in this sector of the market. The ...

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Real Estate & Market Report: November 06, 2015

Santa Clarita Real Estate & Market News

Real Estate & Market Report: November 06, 2015 – On Wednesday ADP called for an increase of 182,000 jobs in the private sector for the month of October. On Friday the Labor Department announced that new job creation for the month was actually 271,000 blowing past virtually all expectations. The unemployment rate fell to 5.0 percent. Although not a guarantee, ...

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Real Estate & Market Report: October 30, 2015

Real Estate Services Considered ‘Essential’ During Coronavirus Closures

Real Estate & Market Report: October 30, 2015 – The big news investors were waiting for came on Wednesday when the Fed announced that they are leaving interest rates alone for the time being. It was suggested that they may be ready to raise rates in December however, we have all learned that the economic reportsbetween now and the December ...

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