Foreclosures | Mortgages | Financing
The Labor Day holiday is bound to impact real estate, but according to the latest report from a la mode, it didn’t dent appraisal volume as badly as it usually does. Kevin Golden, director of analytics with a la mode, explains how this week is different. …read more
From:: Real Estate Wire
Vantage Energy Inc. said late Tuesday it will seek to raise up to $100 million in an initial public offering, according to a Securities and Exchange Commission filing. Vantage plans to list on the NYSE under the ticker symbol “VEI”. Goldman Sachs, Barclays, Credit Suisse, Citigroup, J.P. Morgan, and Wells Fargo Securities are listed as joint book-running managers. Back in September 2014, the oil and gas exploration company was planning an IPO to raise up to $731 million, but ended up postponing the offering citing market conditions.
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
Activist investor Carl Icahn said he has asked the Federal Trade Commission for the right to purchase up to a 50% stake in nutritional supplement company Herbalife . Icahn made his comments late Tuesday at the Delivering Alpha conference in New York hosted by CNBC and Institutional Investor. Icahn said he has weighed launching a tender offer for Herbalife, which has been the subject of a yearslong bearish bet by rival activist, Bill Ackman, who has characterized the company as a “pyramid scheme.” Shares of Herbalife were up 2.2% in moderate volume in afterhours trade following Icahn’s 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
As it turns out, Wells Fargo will have to answer to more than just the Consumer Financial Protection Bureau for the “widespread unlawful” practices of more than 5,000 former employees who opened more than two million fake accounts in order to get sales bonuses. The megabank will now have to one of the most powerful committees on Capitol Hill. …read more
From:: Real Estate Wire
The Republican-crafted plan to repeal the Dodd-Frank Wall Street Reform and Consumer Protection Act is one step closer to reality after the House Financial Services Committee voted Tuesday to pass the Financial CHOICE Act. As so often happens with these things, the vote wasn’t without some controversy. …read more
From:: Real Estate Wire
Executives have been appointed to a variety of management roles at mortgage companies including a subsidiary of Walter Investment Management Corp.
A Sept. 7 announcement from Ditech Financial LLC indicated that 25-year veteran Robert Groody has been recruited to lead consumer lending operations.
Groody most recently spent nearly six years at JPMorgan Chase & Co. He also previously worked at GMAC Bank as well as PHH Mortgage Corp.
From:: Financing
Throughout his 16-year career, Fuentes worked with many different Hispanic families as they sought to achieve homeownership. Now, in his new role, he will continue in these efforts by serving on boards such as the National Association of Hispanic Real Estate Professionals. …read more
From:: Real Estate Wire
Travel and expense management company Concur said late Tuesday it has agreed to buy online travel company Hipmunk for an undisclosed amount. “Concur has always strived to provide the best experience for travelers on our platform and we’re confident Hipmunk will continue to delight consumers while informing the innovation agenda for our corporate clients,” Elena Donio, Concur’s president, said in a statement. Germany’s SAP SE bought Concur in September 2014.
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 edged higher in electronic trading Tuesday after the American Petroleum Institute reported a 1.4 million-barrel climb in U.S. crude supplies for the week ended Sept. 9, according to sources. Analysts polled by S&P Global Platts forecast an increase of 3.3 million barrels. Supplies rebounded less than the market expected from the 12.1 million-barrel drop the API reported a week earlier. The closely watched Energy Information Administration report will be released Wednesday. October crude was at $45.28 a barrel in electronic trading, up from the contract’s settlement of $44.90 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
Ruby Tuesday Inc. said late Tuesday its chief executive resigned and released preliminary results for the quarter that fell below Wall Street estimates. Ruby Tuesday shares were flat at $3.05 without any indication of a trade halt. The casual-dining chain said James Buettgen resigned effective immediately and appointed F. Lane Cardwell as interim president and CEO while the company searches for a replacement. Ruby Tuesday also said it expects an adjusted loss of 10 cents to 12 cents a share for the fiscal first quarter on revenue of $256.7 million. Analysts surveyed by FactSet had estimated a loss of 1 cent a share on revenue of $263 million.
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