Foreclosures | Mortgages | Financing
MetaSource promoted John Nixon as its new chief revenue officer from his previous position as vice president of business development and marketing. The company’s CEO talks about why Nixon was the “obvious choice” for the new position. …read more
From:: Real Estate Wire
Express Scripts Holding Co. said late Friday in a Securities and Exchange Commission filing that its board increased the pharmacy-benefits manager’s share buyback program. Express Scripts said the program was increased by 65 million shares, or by $4.54 billion going by Friday’s closing stock price, for a total authorization of 330 million shares. Express Scripts shares were unchanged at $69.92 after hours, following a 1.1% gain Friday.
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From:: Stock Market News
U.S. stocks gave up opening gains and ended Friday’s session lower, as news that a Chinese vessel seized an underwater U.S. Navy drone in international waters dented earlier optimism. The main indexes showed mixed weekly performance, during which the Federal Reserve delivered a quarter-percentage point rate hike and signaled further tightening in 2017. The Dow Jones Industrial Average closed down 9.65 points or less than 0.1%, at 19,842.59 but booked a 0.4% weekly gain. The S&P 500 declined 3.97 points, or 0.2%, to 2,258.06 and closed the week down by less than 0.1%. The Nasdaq Composite ended the session off 19.69 points, or 0.4%, at 5,437.16 and booked a 0.1% loss over the week.
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From:: Stock Market News
As 2016 comes to a close, realtor.com put together a list of the year’s most popular homes for sale, as measured by clicks. Whether well known as movie locations or celeb homes, these houses captured the attention of many Americans this year. However, the attention didn’t always translate to a sale. …read more
From:: Real Estate Wire
Other than Seattle, which is regularly featured on hottest housing market lists, cities in Washington state rarely make the cut on top lists, until now. Washington’s housing markets recently dominated a monthly market report, making up half the list. This exciting for the state, but is it really a positive? …read more
From:: Real Estate Wire
WASHINGTON (MarketWatch) — President Barack Obama defended his administration’s handling of hacking by Russia, and added that Russian interference ended after he confronted Russian President Vladimir Putin about it. Obama said by then, Wikileaks already got ahold of sensitive information. He said it was worth “taking the time” to consider how to respond to the Russian interference. Obama didn’t present any evidence that Russia interfered with the election directly. See continued coverage of the Obama press conference.
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
Oil futures settled higher Friday, fueling a weekly gain of about 0.8%, on growing expectations that major oil producers will be successful in their pledge to curb production at the start of the new year. January West Texas Intermediate crude rose $1, or 2%, to settle at $51.90 a barrel on the New York Mercantile Exchange.
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
As expected, the recent rise in rates is having a negative impact on demand for home financing — especially refinances. Thus far, credit easing remains elusive.
On purchase financing, 56 percent of senior mortgage executives saw higher demand in the fourth quarter for government-sponsored enterprise-eligible loans.
The share of executives who experienced stronger demand for GSE purchase mortgages diminished from three months earlier, when it came in at 75 percent.
From:: Financing
Reversing his previous opinion, St. Louis Fed President James Bullard now says there’s a need for an additional rate hike in 2017, as he also said the central bank should start to consider shrinking its balance sheet. Bullard said his new view is tied to the rise in bond yields. Bullard said, after the election, there’s “more upside risk” to the economy.
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From:: Stock Market News
Gold futures on Friday rebounded from a more than 10-month low, but still finished lower for the week–their sixth-consecutive weekly loss. February gold rose $7.60, or 0.7%, for the session to settle at $1,137.40 an ounce. Gold recouped some of its recent losses after dropping Thursday by 2.9% to log its lowest settlement since early February, pressured by the rally in the U.S. dollar that followed the Federal Reserve’s decision to raise interest rates. For the week, gold prices declined by roughly 2.1%.
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