Foreclosures | Mortgages | Financing
ATTOM Data Solutions teamed up with Clear Capital to add MLS info to its dataset, expanding its dataset to include more comprehensive and compliant coverage. ATTOM created a heat map to show its coverage extent of its property-coverage. …read more
From:: Real Estate Wire
Shares of MoneyGram International Inc. soared 20% in premarket trade Tuesday, after the money transfer services company received a buyout bid from Euronet Worldwide Inc. that is 15% higher than MoneyGram’s current buyout deal with Ant Financial Services Group. Euronet’s bid of $15.20 a share in cash is 20% above Monday’s closing price of $12.66, and which Euronet says will value the company at over $1 billion. The Ant Financial bid MoneyGram agreed to in January was $13.25 a share. Euronet’s proposal includes the assumption of $940 million of MoneyGram’s debt. MoneyGram’s stock has doubled over the past 12 months through Monday, while Euronet shares have rallied 18.1% and the S&P 500 has climbed 17.5%.
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From:: Stock Market News
Discount shoe retailer DSW Inc. said Tuesday it had net income of $30.5 million, or 38 cents a share, in its fiscal fourth quarter to Jan. 28, up from $11.7 million, or 14 cents a share, in the year-earlier period. Adjusted per-share earnings came to 20 cents, ahead of the FactSet consensus of 16 cents. Same-store sales fell 7%, while net sales rose to $674.6 million from $672.0 million. The FactSet consensus was for for same-store sales to fall 5.2% and for net sales of $692 million. “After making fundamental changes to our core business last year, we are laser focused on driving comp growth through our merchandise and allocation initiatives and the elevation of our customer’s digital experience,” Chief Executive Roger Rawlins said in a statement. The company is investing in Ebuys and Town Shoes and aiming to harness synergies across its retail brands, he said. DSW is now expecting fiscal 2017 EPS to range from $1.45 to $1.55, compared with a FactSet consensus of $1.53. Shares were indicating slightly higher premarket, but are down 28% in the last 12 months, while the S&P 500 has gained 17.5%.
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
Amid blizzard conditions in the Northeast and snowfall elsewhere, cancellations of flights within, into or out of the U.S. on Tuesday reached 5,414 as of about 6:30 a.m. Eastern, according to FlightAware’s live tracking tool. At least American Airlines , United Airlines and Delta Air Lines have issued travel alerts and generally began waiving rebooking fees for flights within affected regions. AAL, DAL and UAL shares, as well as Southwest , had not yet registered a premarket trade.
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
After agreeing to a $601 million settlement nearly a year ago, HSBC is now officially finished with its consumer relief requirement, providing more than $371 million in consumer relief. Joseph Smith, monitor of the National Mortgage Settlement, said that this will be his final report on HSBC’s consumer relief obligation. …read more
From:: Real Estate Wire
Solar-power company Sungevity Inc. has filed for chapter 11 bankruptcy protection and agreed to sell its assets to an investment group, the company said Monday. Sungevity said the investors, led by Minnesota-based private equity firm Northern Pacific Group, would “acquire substantially all of the company’s assets.” The filing in Delaware bankruptcy court hopes to “facilitate a financial and corporate restructuring to strengthen its balance sheet and recapitalize the company,” Oakland, Calif.,-based Sungevity said in a statement. The investment group will provide about $20 million to help finance the restructuring, and Sungevity said it hopes to close the asset sale by the end of April. The residential solar-installation company said day-to-day operations would not be impacted, although it reportedly laid off two-thirds of its staff last week. “We believe that this represents a step forward for the company,” Sungevity Chief Executive Andrew Birch said in a statement.
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
LoanLogics, a provider of loan quality management and performance analytics, announced that it added Elliot Salzman as the company’s new chief credit officer. In this role, Salzman will be responsible for “enhancing and overseeing the credit policy functions of the LoanLogics LoanHD platform to deliver a more comprehensive approach to ensuring loan quality,” the company said. …read more
From:: Real Estate Wire
Synopsis Inc. is set to become a part of the S&P 500 index , S&P Dow Jones Indices said late Monday. The automation software company will replace Harman International Industries, which was acquired by Samsung. The change to the index will occur before the open of trade on Thursday, S&P said. Synopsys shares rose 0.2% to $72.23 in after-hours trading.
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 three credit rating agencies will soon exclude tax liens and civil judgments from credit reports for many people. This summer Equifax, Experian and TransUnion plan to remove the data, helping improve the credit score for millions of consumers. …read more
From:: Real Estate Wire
By swheeler@housingwire.com Last year, investment in real estate tech startups totaled more than $6 billion, which isn’t surprising given the implications of big data on the housing economy. Everything from evaluating risk management to analyzing the next trend in housing depends on gathering “clean” information on mortgage borrowers and home sellers. But one group remains largely absent from this data collection, and this is the group that most intrigued a panel of big data experts assembled by Amherst InsightLabs at SXSW on Sunday. …read more
From:: Real Estate Wire