great fortune fund development, LLC

217-15 kingsbury ave
oakland gardens, new york 11364

NYS Entity Status
ACTIVE

NYS Filing Date
JULY 01, 2014

NYS DOS ID#
4600745

County
QUEENS

Jurisdiction
NEW YORK

Registered Agent
NONE

NYS Entity Type
DOMESTIC LIMITED LIABILITY COMPANY

Name History
2014 - GREAT FORTUNE FUND DEVELOPMENT, LLC









Buffer



submit to reddit

Telephone
n/a

Fax
n/a

Website
n/a

Email address
n/a

LinkedIn
n/a

Facebook
n/a

Google+
n/a

Twitter
n/a

Pinterest
n/a

Instagram
n/a



  • AROUND THE WEB

  • Big Data tells mortgage traders an amazing amount about you
    By Matt Scully - Friday Jun 30, 2017

    The New York startup sucks in data from marketing firms, public loan filings, courthouses and dozens of other sources, and sells it to mortgage bond and loan traders.The vivid detail the company turns up — the types of stores borrowers tend to shop at and whether they rent out their homes on Airbnb, for example — may unsettle privacy advocates, but it’s a boon for investors trying to figure out how likely homeowners are to pay their obligations.Across the world of finance, startups are using big data to try to improve Wall Street’s success with everything from consumer lending to stock trading.The average fund manager can gain 0.4 to 0.7 percentage point of return by using more intelligent data when trading mortgages, at least for home loans that haven’t been bundled into securities, according to John Ardy, CEO of Resitrader, an institutional marketplace for home loans.“We’re concerned about how this information is shared, and how it can have adverse consequences for individuals without their even realizing it,” said Lee Tien, a senior staff attorney at the Electronic Frontier Foundation, a nonprofit focusing on civil liberties.[...] money managers using information they get from TheNumber could face accusations of discriminating against borrowers based on race or religion if it turns out the factors the company looks at tend to single out particular types of people, said Frank Pasquale, a professor at the University of Maryland’s Francis King Carey School of Law.Fund managers that use TheNumber are typically buying subprime mortgages, many of which have defaulted.TheNumber tries to determine how much pride a homeowner probably has in his or her property, based on information it gleans from third parties, such as whether the resident tends to click on online ads from home improvement and gardening stores.Experian, for example, tries to make sure investors can’t readily determine borrowers’ identities when it hands out mortgage data, said Michele Raneri, a vice president of analytics and new business development at Experian.Added information about borrowers could boost transparency in the mortgage bond market, where getting information about creditworthiness and prices can be much harder than in other debt markets.“Investors in every other market get to see what they are buying — but not mortgage bond investors,” said Adam Murphy, founder of Empirasign Strategies LLC, a trading data firm for mortgage bond professionals.

    Source: SFGATE.com: Business and Technology News
  • Third Point, a Hedge Fund, Sets Its Activist Sights on Nestlé
    By MICHAEL J. de la MERCED - Sunday Jun 25, 2017

    The fund, run by Daniel S. Loeb, has called on the Swiss food giant to sell its stake in L’Oréal and move more quickly to adapt to changing consumer tastes.

    Source: NYT > Home Page
  • Zone 8 Succulents: Can You Grow Succulents In Zone 8 Gardens
    By Bonnie L. Grant - Tuesday Jun 27, 2017

    Source: Gardening Know How
  • Shareholders Demand More Drastic Shifts at Nestlé
    By STEPHANIE STROM - Tuesday Jun 27, 2017

    The changes requested by the Third Point hedge fund underscore the idea that legacy food brands must radically shake up their portfolios to remain profitable.

    Source: NYT > Home Page
  • Sound Off: The huge cost of pricing out
    Friday Jun 30, 2017

    If we don’t there won’t be anyone around to serve the food, fix the telephone poles or clerk in a retail store.If enough folks leave, rental rates and housing demand may go down.Increase the minimum wage to an actual living wage, allow more density as Oakland has done for accessory structures in residential neighborhoods and allow more multiunit housing in areas close to bus/BART.[...] there are affordable housing programs where in the city offers developers extra floors and exemptions from other requirements in exchange for promises to include affordable housing.Mission Economic Development Agency (MEDA) workshops and free coaching help low-income and working-class first-time home buyers learn of their many options to get into the tight and costly San Francisco market.The guidelines for Area Median Income (AMI) vary by property, ranging up to 120 percent, and is dependent on the family’s available downpayment.The principal amount, plus an equitable share of appreciation, is paid at the end of the loan term, or repaid upon sale or transfer.With the City cognizant of the need to help our middle-class SFUSD educators live where they work, the Teacher Next Door (TND) program was created for households making no more than 200 percent AMI.TND funds can be used for downpayment and closing costs to purchase either a BMR or a market-rate unit.Just look around at the huge parking lots surrounding business parks, malls - the cars sit there, baking in the sun, when they could either be underground or, even better, decreased in numbers because employees would have frequent, affordable public transportation with a well researched network of routes.Cities literally take years, not months, to approve projects, and a great deal of the blame for that lies squarely on us: existing residents do not want more housing in their neighborhood because more housing brings more traffic.

    Source: SFGATE.com: Real Estate News
  • Contemporary conveniences, great setting in Oakland home
    Thursday Jul 20, 2017

    Twice a week, The Chronicle features a home on the market that caught our eye for its architecture, history or character.Cascading gardens, multiple decks and patios, and a gleaming kitchen await within this reimagined traditional home in Crocker Highlands.The home opens to a stylish foyer that segues into a living room with a wood-burning fireplace.Coffered wall panels and an arched alcove accent the formal dining room, while the gleaming contemporary kitchen boasts stainless steel appliances, a subway tile backsplash and a serving window that looks into the family room.Multiple patios and decks — including one built around a mature tree — highlight a scenic, landscaped backyard.The Walk-Through is produced by Sentinel Media Services for The San Francisco Chronicle.

    Source: SFGATE.com: Real Estate News
great fortune fund development llc oakland gardens ny