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Trump expected to pick Exxon’s Tillerson for secretary of state Tuesday

Donald Trump tweeted Monday evening that he will announce his pick for secretary of state Tuesday morning, and the New York Times reported late Monday night that Exxon Mobil Corp. CEO Rex Tillerson will be the nominee. The pick of Tillerson has been widely expected in recent days, although his close ties to Russia have drawn fire from critics and could complicate his potential Senate confirmation. Former Massachusetts governor and 2012 presidential nominee Mitt Romney confirmed in a Facebook post late Monday that he would not be the nominee.

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.

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Trump to announce secretary of state choice Tuesday morning

Donald Trump tweeted Monday night that he will announce his pick for secretary of state Tuesday morning. Exxon Mobil Corp. CEO Rex Tillerson is widely expected to be the nominee, although his close ties to Russia have drawn fire from critics and could complicate his potential Senate confirmation. Two onetime contenders for the position, former New York Mayor Rudy Giuliani and former senator and 2012 presidential nominee Mitt Romney, are apparently no longer in the running.

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.

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SoFi prepares to launch first mortgage securitization

SoFi is preparing for its first ever residential mortgage-backed security transaction just two years after breaking into the mortgage business. And looking over the presale report from Fitch Ratings, the pool of loans looks attractive. For starters, Fitch stated that the collateral attributes of the pool are among the strongest of its rated pools. And they’ve rated a lot pools. …read more

From:: Real Estate Wire

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Did Wells Fargo fake accounts extend to Prudential insurance?

Investigators in California and New Jersey are set to launch a probe into Wells Fargo over whether the bank’s recent fake account scandal extended beyond credit cards and bank accounts. The investigations come on the heels of whistleblower lawsuit filed by three former Prudential Insurance employees, who accused Wells Fargo of opening up insurance policies and automatically deducting the insurance premiums from customers’ accounts without prior authorization. …read more

From:: Real Estate Wire

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GSEs Announce Annual Foreclosure Moratorium

In what has become an annual tradition, the government-sponsored enterprises are suspending foreclosure evictions during the holiday season.

The Federal National Mortgage Association issued a statement Monday indicating it will suspend evictions from Dec. 19 through Jan. 2, 2017.

According to Fannie Mae, the moratorium applies to foreclosures on loans that are secured by single-family and two-to-four-unit properties.

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Mobile Mortgage Experience Enhanced

Mortgage bankers and their service providers continue to make headway improving the mobile experience for prospective borrowers and lenders alike. Bankers have some tips about mobile security.

Consumers can take steps to protect their mobile devices from hackers, according to the American Bankers Association. Among 12 precautions outlined was utilizing the pass code lock on a phone.

Other tips from ABA include logging out of banking applications, installing security software and downloading updates. Avoid storing sensitive data like passwords or social security numbers on phones.

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SpaceX delays manned NASA launch: report

Privately held Space Exploration Technologies Corp. has delayed its first manned NASA launch to mid-2018, a delay of about half a year, The Wall Street Journal reported late Monday. The company, led by Tesla Motors Inc. CEO Elon Musk, has reported the delay to NASA earlier this year and confirmed it on Monday, the newspaper said. The delay comes roughly three months after a SpaceX’s Falcon 9 rocket exploded during a prelaunch test.

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Quest Diagnostics reports hack of customer information

Quest Diagnostics Inc. said late Monday it is investigating a possible hacking of its network that could have affected thousands of accounts. The provider of diagnostic lab services said that “an unauthorized third party” accessed the health information of about 34,000 individuals using the company’s MyQuest by Care360 app on Nov. 26. Quest said data accessed included “name, date of birth, lab results, and in some instances, telephone numbers” but not social security numbers, credit card information, insurance, or financial information. The company said it has contacted those affected by the breach, and has addressed the vulnerability in the app. Quest shares declined 0.4% to $91.39 after hours.

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.

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Boeing shares rise in late trading after company announces dividend increase

Boeing Co.’s board of directors has increased the company’s quarterly dividend by 30% to $1.42 a share, the aircraft maker said in a statement late Monday. The board also authorized a new $14 billion share buyback program, Boeing said. The company’s dividend will be payable March 3 to shareholders of record Feb. 10. In addition, Boeing said it is done with share buybacks this year, having bought $7 billion worth of its shares using half of a $14 billion authorization approved last December. The new share buyback program announced Monday replaces the existing one and brings the authorization back up to $14 billion, Boeing said. The company expects to start buying its shares in January and the repurchases under the new authorization are likely to take place over the next 24 to 30 months, the company said. Boeing shares rose 1.1% in late trading Monday after ending the regular session up 0.4%.

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.

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From:: Stock Market News