Foreclosures | Mortgages | Financing
For each of the most-recent three months, the rate of serious delinquency on first mortgages moved up. Second mortgage performance also waned.
As of February, ninety-day delinquency on consumer credit stood at 0.94 percent based on the Composite Consumer Credit Default Index.
Serious consumer delinquency deteriorated from the first month of the year, when the rate was 0.92 percent, but fell from 0.97 percent a year prior.
From:: Financing
Apple Inc.’s stock has turned lower in midday trade, following a sharp pullback in the broader stock market. Apple share had been up as much as 0.9% at an all-time intraday high of $142.80 soon after the open, but has trended lower since, to be down 0.3%. The earlier gains came in the wake of updates to the tech giant’s iPhone and iPad offerings. In comparison, the Dow Jones Industrial Average shed 154 points, or 0.7%, after being up 64 points earlier, while the Nasdaq Composite fell 1.1% after being up 0.4% earlier.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Mortgage originations grew less risky during the fourth quarter, CoreLogic’s latest report shows. In fact, the loans originated during the fourth quarter are the safest home loans since 2001. …read more
From:: Real Estate Wire
The Dow and the S&P 500 index on Tuesday are on the verge of halting a monthslong streak without a 1% decline. The Dow Jones Industrial Average was off 176 points or 0.9% at 20,722, while the S&P 500 index was down 0.9% at 2,351. The two main stock-market gauges have gone a history-setting 109 trading days, since Oct. 11, without posting a 1% drop, but a sudden late-morning slide is threatening to push the indexes sharply lower. The S&P 500 needs to decline by about 23 points to register its 1% decline, while the Dow would require a fall of more than 200 points for a 1% tumble. The catalyst for Tuesday’s slump wasn’t clear but financial stocks were among the worst decliners with Goldman Sachs Group delivering the biggest blow to the blue-chip Dow gauge and financials weighing heavily on the S&P 500. The broad-market S&P 500’s streak without a 1% down day is the longest since May 18, 1995 and the longest since Sept. 20, 1993, for the Dow, according to Dow Jones data.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
It’s been 16 years since the quality of residential loans originated has been as low as it was in the fourth-quarter 2016. But higher risk is likely ahead.
Based on the Housing Credit Index, single-family loans had less credit risk during the final quarter of last year than three months earlier and a year earlier.
In fact the index, which considers six credit risk attributes, indicates that fourth-quarter 2016 loans were among the highest-quality loans originated since 2001.
From:: Financing
The S&P 500 slumped 0.8% in morning trade, putting the large-cap benchmark index on track for its biggest one-day point and percentage decline so far this year, with 393 of 505 components losing ground. The index was also headed for a fourth-straight loss, matching the four-session losing streak ending Jan. 31. The S&P 500 has lost 30.57 points, or 1.28%, during its current streak, which would be the biggest four-day point and percentage loss since before the election, when it lost 40.97 points, or 1.93%, over the four sessions ending Nov. 4. Tuesday’s selloff is also in danger of snapping a 109-session streak without a 1% decline.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Apple Inc.’s stock continued its march to record highs, as it climbed 0.7% in morning trade after updating its iPad and iPhone offerings and introducing a new video app. The stock was the biggest gainer among Dow Jones Industrial Average components, with the price gain of 97 cents adding about 7 points to the Dow’s price, which was up 15 points. Apple’s stock has reached all-time intraday highs in four of the past five sessions, and has already closed at record highs three times this month and 10 times this year, bringing its market capitalization to $747.4 billion in morning trade. In comparison, the Dow has closed at one record high this month, on March 1, and 15 times this year. Apple shares have gained 23% year to date, while the Dow has climbed 5.9%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Shares of Facebook Inc. opened at $141.15 Tuesday morning, an all-time high for the stock. The stock had been upgraded to buy from neutral at BTIG this morning. Shares of Facebook have been on the upswing, gaining 6% in the past month, compared to the S&P 500’s gain of 1%. Apple Inc. , which announced updated iPhone and iPad offerings Tuesday, and Netflix Inc. also saw all-time highs at the opening Tuesday.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
The Nasdaq Composite opened in record territory, setting an intraday all-time high as U.S. stocks advanced on Tuesday. The S&P 500 rose 6 points, or 0.4%, to 2,397, trading above its previous closing high. All the main 11 sectors were higher. The Nasdaq Composite advanced 21 points, or 0.4% to 5,922. The Dow Jones Industrial Average gained 46 points or 0.3%, to 20,952.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Amazon.com Inc. said Tuesday that it has launched Alexa voice shopping for the Prime Now two-hour delivery service in 30 cities. Prime Now ordering is available through a variety of Amazon devices, including the Echo and Amazon Tap. Once the minimum order value is reached, Alexa will choose a delivery slot. In select cities like Seattle, Columbus and Cincinnati, Alexa will also purchase beer, wine and spirits. Amazon shares are up 0.2% in premarket trading, and up 54.7% for the last year. The S&P 500 index is up 15.7% for the past 12 months.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News