Foreclosures | Mortgages | Financing
Borrowers who took out mortgages in the past five years are better at paying their mortgages than any other group of mortgage borrowers in history. But this squeaky-clean performance isn’t a good thing, according to the Urban Institute. In a new blog post, the tank posits that the interesting data shows the severity of how tight the credit box is. …read more
From:: Real Estate Wire
Twitter Inc. stock jumped more than 5% Wednesday, even as markets lagged, after one of the social network’s cofounders hinted on television that the board would at least consider a sale. Ev Williams, a Twitter cofounder and board member, was asked by Bloomberg TV on Wednesday morning about a potential acquisition, and admitted that the board had to weigh the potential for such a move. “We’re in a strong position now, and as a board member we have to consider the right options,” Williams said. Analysts have frequently called Twitter a potential acquisition target, with Google parent Alphabet Inc. commonly mentioned as a potential suitor. Twitter shares reached as high as $19.60 in Wednesday morning trades, a gain of 6.6%, while the S&P 500 bounced between small gains and losses.
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 Securities and Exchange Commission is offering a reward to the whistleblower that revealed a scheme at First Mortgage Corporation that involved several of the company’s senior executives lying about the performance of the mortgages the company originated, re-securitizing them, and defrauding investors out of $7.5 million – if in fact there is one. …read more
From:: Real Estate Wire
Gold futures settled lower on Wednesday, helping push the precious metal to its first monthly decline since May, underscoring a broad slide in the metals complex in August. Gold for December fell $5.10, or 0.4%, to settle at $1,311.40 an ounce on Wednesday, for a 3.4% decline over the month of August. Silver for December delivery rose 3 cents, or 0.2%, to settle at $18.71 an ounce, but over the month of August the price of the most-active contract dropped 8.1%. Similarly, prices for copper, platinum, and palladium all declined over August.
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 Food and Drug Administration said Wednesday it will require stronger warnings on certain opioid medications and central nervous system depressant drugs among other labeling changes intended to reverse a nationwide opioid addiction epidemic. The agency will require boxed warnings, “the FDA’s strongest warning,” and medication guides for patients stating the serious risks connected to using the nearly 400 products, including prescription oxycodone, hydrocodone, and morphine or opioid-containing cough products. The new measures, which cover opioid analgesics and a class of central nervous system depressant drugs called benzodiazepines, are intended to raise awareness among patients and health care providers of risks like death, coma and respiratory depression, the agency said. The two drug types have been increasingly prescribed together by doctors, which has been “associated with adverse outcomes,” despite existing labeling warnings and clinical guidelines cautioning against this type of co-prescription, the FDA said.
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
ADP just issued its prediction for the employment report that will come out soon. After three months of striking out, could this be the month that ADP hits the target? We’ll see on Friday. …read more
From:: Real Estate Wire
Louisville was named one of the nation’s best cities for home ownership, thanks to its affordability, energy costs and low property taxes.
Bankrate.com, a personal finance-focused website, conducted a study that examines which United States metropolitan areas are the best and worst for home owners. It looked at eight factors: Home affordability, property taxes, price appreciation, homeowners’ insurance, foreclosures, home energy costs, maintenance costs and rent hedging.
(Bankrate describes rent… …read more
From:: biz journal foreclosures
Brazilian stocks and the Brazilian real rose Wednesday after the country’s senate voted to remove President Dilma Rousseff from office, ending a protracted battle for control of the country. After rising earlier in the session, the dollar slipped against the Brazilian real on the news. The greenback was down 0.3% at 3.23 real in recent trade. Meanwhile, Brazilian stocks trimmed an early decline. The iShares MSCI Brazil Capped ETF remained down 1.8% at $33.18. Shares of the ETF traded at $33.78 the day before. Vice President Michel Temer will now finish out the remainder of Rousseff’s term, which ends in 2018.
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 17 years of getting tossed into the mix with banks and insurance firms, real estate stocks are getting their own sector to call home on Sept. 1, 2016. The big reason behind this change? Real estate companies are now a much big player in the stock market, and now the whole market gets to see how. …read more
From:: Real Estate Wire
CBS Corp. on Wednesday launched a commercial-free version of its CBS All Access subscription streaming service. The new offering is $9.99 a month for commercial-free access to CBS’s on-demand library of more than 7,500 scripted-series episodes, as well as late night, daytime and news programming and its upcoming new “Star Trek” series. CBS All Access will still have its $5.99 a month subscription, which includes sitting through commercials. Shares of CBS are up more than 8% in the year to date and nearly 13% in the last 12 months, outperforming the S&P 500 Index , which is up nearly 6% in the year and 10% over the last 12 months.
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