Foreclosures | Mortgages | Financing
Arch Mortgage Insurance, the mortgage segment of Arch Capital Group, generated $6.42 billion of new insurance written during the second quarter of 2016. While Arch MI does mortgages internationally, here’s the breakdown for how it performed in the U.S. …read more
From:: Real Estate Wire
Papa John’s International Inc. said late Thursday its board approved a 14% hike in the company’s quarterly dividend. The new 20-cents-a-share dividend, up from 17.5 cents a share, will be paid Aug. 19 to shareholders of record as of Aug. 8. Papa John’s shares were unchanged at $73.65 after hours.
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From:: Stock Market News
Fannie Mae announced Thursday that it selected a winning bidder for its fourth sale of non-performing loans as part of its “Community Impact Pool” program. But for the first time since it began targeting smaller investors, Fannie Mae selected a private equity firm as the winner of the auction. …read more
From:: Real Estate Wire
As complaints by U.S. consumers about all types of financial services rose over the past year, the number of mortgage complaints has diminished.
There were 24,475 complaints that were filed by consumers about financial services during June, three percent more than were filed one month prior.
Financial services complaints by U.S. residents also deteriorated compared to June of last year, a month when there were 23,379 complaints reported.
From:: Financing
Another month, another drop in San Antonio’s foreclosure rate, according to the May 2016 report by Irvine, California-based CoreLogic (NYSE: CLGX).
Data from CoreLogic reveals that the rate of San Antonio-New Braunfels area foreclosures among outstanding mortgage loans was 0.57 percent for May 2016, a decrease of 0.05 percentage points compared with May 2015 when the rate was 0.62 percent. Foreclosure activity in San Antonio-New Braunfels was lower than the national foreclosure rate, which was… …read more
From:: biz journal foreclosures
A decrease in delinquencies combined with an increase in cured defaults pushed claim ratios lower in the second quarter of 2016. Diluted earnings per share also inched up from last year. …read more
From:: Real Estate Wire
Abbott Laboratories shares rose 1.8% Thursday after a regulatory filing Wednesday showed the company’s chief executive officer, Miles White, bought $45 million of shares. The S&P 500 was up just 0.2% Thursday .
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From:: Stock Market News
CBS Corp. B-class shares dropped more than 2% after the company reported better-than-expected earnings and revenue for the second quarter. Net income for the quarter hit $423 million, or 93 cents per share, compared with $332 million, or 67 cents during the same period a year ago. The FactSet consensus on EPS was 86 cents. Revenue for the quarter rose to $3.29 billion, compared with $3.22 billion in the year-earlier period and was above the $3.21 billion FactSet consensus. CBS said advertising revenue decreased slightly to $1.55 billion during the quarter, compared with $1.59 billion a year ago. CBS B-class shares are up more than 15% in the year to date, outperforming the S&P 500 Index , which is up more than 6%.
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From:: Stock Market News
Columbia Sportswear Co. shares fell in the extended session Thursday after the outdoor clothing maker’s revenue fell short of Wall Street estimates. Columbia Sportswear shares fell 4.2% to $57 after hours. The company reported a loss of 12 cents a share on revenue of $388.7 million. Analysts surveyed by FactSet had forecast a loss of 17 cents a share on revenue of $392.2 million. Columbia Sportswear held to its full-year earnings forecast of $2.60 to $2.70 a share, while analysts expect $2.69 a share.
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From:: Stock Market News
Expedia Inc. shares sank 6.1% in Thursday after-hours trading after the company reported a second-quarter revenue miss. The travel booking company had net income of $31.6 million, or 21 cents per share, down from $449.6 million, or $3.38 per share, for the same period last year. Adjusted earnings totaled 83 cents per share, beating the 77 cents per share FactSet estimate. Revenue for the quarter totaled $2.20 billion, up from $1.66 billion the same period last year, but below the $2.24 billion FactSet consensus. Expedia and the founders of Trivago, the hotel search site, are exploring the possibility of an initial public offering of Trivago shares. Expedia said Trivago had $201 million in revenue, up 41% year-over-year. Expedia shares are down more than 4% for the year so far while the S&P 500 Index is up 6.2% for the same period.
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From:: Stock Market News