Foreclosures | Mortgages | Financing
Hillary Clinton is officially the Democratic candidate for president, and the first female presidential candidate for any major party. Clinton clinched Tuesday on a voice vote from the Democratic National Convention floor from the South Dakota delegation, putting her over the needed 2,380 delegates needed.
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 famously high cost of housing in San Francisco and the surrounding Bay Area has a new commuter train line in desperate need of new engineers as candidates for the position repeatedly tell the Sonoma-Marin Area Rail Transit agency that it’s simply too expensive for them to live where they’d be working. …read more
From:: Real Estate Wire
In addition to a healthy improvement in home lending activity at HomeStreet Inc., mortgage servicing, staffing and earnings all expanded.
During the three months that ended at mid-2016, single-family mortgage originations were 44 percent greater than in the first-quarter 2016.
The Seattle-based organization disclosed the numbers, along with other operational and financial results, in its second-quarter earnings report.
From:: Financing
Fidelity National Financial, the nation’s largest title insurance company, announced Tuesday that the company is acquiring Commissions, Inc., a provider of web-based real estate marketing and CRM software for residential real estate agents and agent teams, with an eye towards expansion. …read more
From:: Real Estate Wire
Kadmon Holdings Inc. said late Tuesday it sold 6.25 million shares on its initial public offering at $12 a piece. In a statement, the drug developer said its stock is expected to begin trading Wednesday on the New York Stock Exchange under the symbol KDMN. Kadmon’s founder and former CEO, Sam Waksal, founded biopharmaceutical company ImClone Systems, the company at the center of an insider trading scandal that ensnared media personality Martha Stewart.
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 headed lower in electronic trading Tuesday after the American Petroleum Institute reported that U.S. crude supplies fell by roughly 800,000 barrels for the week ended July 22, according to sources. Analysts polled by S&P Global Platts forecast a decline of 2.6 million barrels for crude inventories. Sources also said the API data showed supplies at the oil-storage hub at Cushing, Okla. rose by a more than expected 1.4 million barrels. The closely watched Energy Information Administration report will be released Wednesday. September crude was at $42.65 a barrel in electronic trading, down from the contract’s settlement of $42.92 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
Jacksonville, Florida-based EverBank revealed in it second-quarter earnings that it is in advanced talks to be acquired. The company stopped short of answering too many details, so here is what we do know. …read more
From:: Real Estate Wire
Republic First Bancorp, the parent company of Republic Bank, announced Tuesday that the Philadelphia-based bank acquired is planning to expand into mortgage lending with the acquisition of Oak Mortgage Company. Both companies view the deal as an opportunity to expand. Here’s why. …read more
From:: Real Estate Wire
Twitter Inc. shares plunged late Tuesday after the company missed second-quarter revenue expectations and forecast weaker-than-expected third-quarter sales. The micro-blogging company said it lost $107 million, or 15 cents a share, in the second quarter. Adjusted for one-time items, Twitter earned $93 million, or 13 cents a share, in the quarter, compared with 7 cents a share in the year-ago period. Revenue reached $602 million in the quarter, up from $502 million a year ago. Analysts polled by FactSet had expected the company to report adjusted quarterly earnings of 10 cents a share on sales of $608 million. Average monthly users reached 313 million in the quarter, slightly ahead of expectations, compared with 310 million in the previous quarter. For the third quarter, Twitter said its sales are expected to reach $590 million to $610 million. The analysts surveyed by FactSet had expected sales of $682 million. Shares fell 9% in late trading after ending the regular trading day down 1.7%
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
Panera Bread Co. shares rose in the extended session Tuesday after the bakery and restaurant chain topped Wall Street expectations for the quarter. Panera shares advanced 4% to $215.83 after hours. The company reported adjusted second-quarter earnings of $1.78 a share on revenue of $698.9 million. Analysts surveyed by FactSet had forecast earnings of $1.74 a share on revenue of $696.2 million. For the year, Panera expects adjusted earnings of $6.60 to $6.70 a share, while analysts are looking for $6.88 a share.
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