Foreclosures | Mortgages | Financing
In a recent interview with HousingWire, Mat Ishbia, CEO of United Wholesale Mortgage, explained why low down payment mortgages are growing in popularity, especially among Millennial buyers. Are 3% down mortgages going to be the new normal? …read more
From:: Real Estate Wire
In a recent interview with HousingWire, Mat Ishbia, CEO of United Wholesale Mortgage, explained why low down payment mortgages are growing in popularity, especially among Millennial buyers. Are 3% down mortgages going to be the new normal? …read more
From:: Real Estate Wire
Shares of Arista Networks Inc. declined in the extended session Thursday after the International Trade Commission issued a cease and desist order against the company concerning three Cisco Systems Inc. patents. Arista shares fell 3.8% to $71 after hours. Arista said the ITC found that its Ethernet switch products infringed upon three out of five Cisco patents in contention under a final determination. Back in February, an ITC judge initially determined the products infringed three out of the five patents. Cisco shares rose 0.2% to $29.29 after hours.
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
Shares of Arista Networks Inc. declined in the extended session Thursday after the International Trade Commission issued a cease and desist order against the company concerning three Cisco Systems Inc. patents. Arista shares fell 3.8% to $71 after hours. Arista said the ITC found that its Ethernet switch products infringed upon three out of five Cisco patents in contention under a final determination. Back in February, an ITC judge initially determined the products infringed three out of the five patents. Cisco shares rose 0.2% to $29.29 after hours.
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
Shares of Arista Networks Inc. declined in the extended session Thursday after the International Trade Commission issued a cease and desist order against the company concerning three Cisco Systems Inc. patents. Arista shares fell 3.8% to $71 after hours. Arista said the ITC found that its Ethernet switch products infringed upon three out of five Cisco patents in contention under a final determination. Back in February, an ITC judge initially determined the products infringed three out of the five patents. Cisco shares rose 0.2% to $29.29 after hours.
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 British pound rose to a six-month high versus the dollar late Thursday as polls closed in the United Kingdom’s vote on whether to remain a member of the European Union. The pound fetched $1.4988 after trading as high as $1.50, a level last seen in December. The currency rallied amid expectations that voters opted to remain a part of the EU. The results of a survey conducted Thursday by pollster YouGov and released after the polls closed showed a 52%-to-48% advantage for the “remain” camp. Nigel Farage, leader of the U.K. Independence Party and a lead advocate for exiting the EU, told Sky News that “remain” would likely “edge” to victory amid heavy turnout.
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
DTE Energy Co. said late Thursday its board of directors agreed to increase the utility’s dividend by 4 cents, or 5.5%, to 77 cents a share. The dividend is payable Oct. 15 to shareholders of record Sept. 19. The Detroit-based company said it has issued a cash dividend for more than 100 years. Shares of DTE were flat in late trading after ending the regular session up 0.3%.
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
Sonic Corp. shares plunged late Thursday after the drive-in chain narrowly missed quarterly revenue expectations and its same-store sales grew less than forecast. Sonic said it earned $21 million, or 43 cents a share, in the fiscal third quarter, compared with $19.3 million, or 36 cents a share, in the year-ago period. Revenues reached $165.2 million in the quarter, up from $164.7 million in the fiscal third quarter of 2015. Analysts polled by FactSet had expected Sonic to report earnings of 42 cents a share on sales of $165.8 million. System-wide, same-store sales rose 2% in the quarter, whereas the analysts surveyed by FactSet had expected a 2.7% increase. Sonic shares fell 7% in late trading after ending the regular session up 2.9%.
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
Synnex Corp. shares rose in the extended session Thursday after the business process services company topped Wall Street estimates for the quarter and issued a healthy outlook. Synnex shares rose 5.1% to $98.75 after hours. The company reported adjusted fiscal second-quarter earnings of $1.37 a share on revenue of $3.38 billion. Analysts surveyed by FactSet had forecast earnings of $1.31 a share on revenue of $3.28 billion. Synnex estimates adjusted third-quarter earnings of $1.52 to $1.57 and share on revenue of $3.4 billion to $3.53 billion. Analysts expect $1.52 a share on revenue of $3.4 billion.
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
Mortgage servicing rights on a little more than $3 billion in agency home loans are being offered for sale to the highest bidder.
The deal includes MSRs on 12,449 Ginnie Mae residential loans that have an aggregate principal balance of $3.001 billion.
More than 17 percent of the properties securing the loans are in California, and no other state has a double-digit concentration.
From:: Financing