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Irving home refurbishing firm on track for 50 percent growth — again

By Candace Carlisle Eight years ago, the growing number of home foreclosures that cropped up during the Great Recession gave birth to Irving-based New Western Acquisitions.

And, even though the market has vastly changed, the single-family investment brokerage firm has grown rapidly as more investors take on single-family homes.

“It really started changing and got a lot more credibility when the big funds, like American Homes 4 Rent and Blackstone, realized single-family homes were a real investment,” said COO… …read more

From:: biz journal foreclosures

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AdvancePierre prices IPO toward lower end of expected range

AdvancePierre Foods Holdings Inc. priced its initial public offering toward the lower end of its expected range late Thursday. The packaged sandwich and foods company priced its IPO at $21 a share, following a given range of $20 to $23 a share. The company said it is selling about 11.1 million shares with stockholders selling 7.5 million shares. Underwriters have an option to sell an additional 2.8 million shares to cover over-allotments. The stock begins trading on the New York Stock Exchange on Friday under the ticker “APFH”.

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

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Dozens killed when truck drives into crowd in Nice, France

Dozens of people were killed in Nice, France, on Thursday night after a truck drove, apparently purposely, into a crowd of Bastille Day revelers. There were report that the driver then engaged in a gun battle with police. French TV reported as many as 30 dead. “It’s total panic,” a witness told BFM TV. Local authorities called the incident “an attack” and urged people to stay indoors. The incident took place near the end of a fireworks show on the Mediterranean city’s coastside Promenade des Anglais. “A lorry driver appears to have killed dozens of people,” Nice Mayor Christian Estrosi said in a tweet.

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

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Mortgage Rates Mixed, Could Move Higher

Interest rates on residential loans were mostly mixed over the past week. But some signs point to a significant move higher over the next week.

Thirty-year fixed rates averaged 3.42 percent during the week that ended on July 14 in the Primary Mortgage Market Survey from Freddie Mac.

Rates were barely changed from the prior week, when the average was 3.41 percent, but were lower than 4.09 percent in the year-prior report.

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From:: Financing

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Florida Senators want “slumlords” held accountable for public housing conditions

Florida’s Senators are deeply concerned about the living conditions for some of the state’s residents that live in federally subsidized housing and want the government to do more to hold the properties’ owners accountable. The Senators say the move in response to the “deplorable” living conditions discovered in several federally subsidized housing developments in Florida. …read more

From:: Real Estate Wire

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Korn/Ferry paying more to restructure HG Luxco

Korn/Ferry International said late Thursday it is paying more to restructure a business it bought less than a year ago. In a Securities and Exchange Commission filing, the executive search firm said it would spend $20 million to $26 million on severance packages and office consolidation for HG Luxco, which the firm bought in December for $475 million. The charges are in addition to $30.6 million in restructuring charges Korn/Ferry paid earlier in the year related to HG Luxco.

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