Foreclosures | Mortgages | Financing
By jgaffney@housingwire.com Now, in coverage published by The Intercept, a memo from 2013 urged top officials in then-Attorney General Kamala Harris’s office to sue OneWest Bank over allegations of foreclosure violations, which included backdating mortgage documents to speed up foreclosures and manipulating the results of home auctions, according to coverage in Bloomberg. …read more
From:: Real Estate Wire
AT&T Inc. on Wednesday officially laid plans to explore 5G connectivity in 2017 and provide faster internet access speed to consumers in the future. AT&T’s 5G Evolution plan encompasses fixed and mobile solutions and initial lab trials have achieved speeds up to 14 gigabits-per-second over wireless connection, according to a news release. The company said lab tests have seen less than three milliseconds of latency, which impacts things like the time between pressing play and seeing a video start. “Data on our mobile network has increased about 250,000% since 2007, and the majority of that traffic is video. 5G’s promise of greater speed and overall network performance brings huge opportunities not only for video but in the Internet of Things, 4K video, augmented and virtual reality, smart home and cities, autonomous vehicles and much more,” said Chief Strategy Officer John Donovan in a statement. AT&T also said it’s marketing 1 gigabit connections on its fiber network starting today to four million locations across 46 metros nationwide. Shares of AT&T are up more than 25% in the last 12 months, while the S&P 500 Index is up 12%.
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
Coach Inc. said Wednesday it has appointed Kevin Wills as chief financial officer, replacing Jane Nielsen, who left the luxury accessories maker last August. Wills comes to the company from advisory firm AlixPartners LLP, where he has been CFO since March 2014. Before that, Wills did stints at Saks Inc. , the owner of Saks Fifth Avenue, as well as energy producer Tennessee Valley Authority. Coach shares were not yet active in premarket trade, but have gained 5.6% in the past 12 months, while the S&P 500 has gained 12.2%.
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
Mueller Industries Inc. said on Wednesday its board authorized a $3 special cash dividend on its common stock along with $5 in principal amount of the company’s 6% notes due 2027 for each share owned. The subordinated bonds will be callable, in whole or in part, at any time at the option of Mueller Industries, subject to declining call premiums during the first five years, according to a news release. Shares of Mueller Industries are up nearly 56% in the past 12 months, outperforming the S&P 500 Index , which is up 12%.
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 Wednesday its Fulfillment by Amazon (FBA) service delivered a record more than 2 billion items for sellers worldwide in 2016. Items shipped by FBA rose 50% in the holiday season, while deliveries to prime members numbered in the millions. The online retailer said active sellers using the FBA service increased more than 70% in 2016, and units shipped grew more than 80% outside the U.S. The number of sellers that reached $100,000 in sales rose by 30%. The company estimates that sellers have created more than 600,000 new jobs outside of Amazon. Amazon shares were slightly higher premarket, but have gained 18% in the last 12 months, while the S&P 500 has gained 12%.
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 applications took a dive over the last two weeks as consumers focused on the holidays more than buying a home. Since last week marked the only week of the year that the Mortgage Bankers Association does not put out a mortgage application report, this week’s report covers a two-week period. …read more
From:: Real Estate Wire
Mortgage applications took a dive over the last two weeks as consumers focused on the holidays more than buying a home. Since last week marked the only week of the year that the Mortgage Bankers Association does not put out a mortgage application report, this week’s report covers a two-week period. …read more
From:: Real Estate Wire
Wells Fargo Chief Economist John Silvia made an abnormal analogy between President-elect Donald Trump and courting America in a recent interview. Here’s how Silvia describes what’s in store for Trump’s future. …read more
From:: Real Estate Wire
There’s only a little more than two weeks until President-elect Donald Trump is sworn into office. In the short-time frame since he was elected in, Trump has made a lot of important decisions on who will sit alongside him in office. Need a refresher on the nominees? …read more
From:: Real Estate Wire
Freddie Mac announced Tuesday that it closed out 2016 by obtaining an insurance policy that could cover a combined maximum limit of approximately $285 million of credit losses. Here are the details. …read more
From:: Real Estate Wire