Foreclosures | Mortgages | Financing
For six consecutive months now, mortgage bankers have boosted their estimates of mortgage refinance volume for this year.
From April 1 through June 30 of this year, total U.S. residential loan originations are expected to amount to $510 billion.
Production is then projected to retreat to $460 billion in the third quarter and decline to $343 billion in the final quarter of 2016.
From:: Financing
In what’s becoming a disturbingly popular trend, Bay Area consumers are being warned that they may be the target of a hacker who tries to steal their mortgage funds by presenting themselves as real estate agents, Realtors and title insurance companies. …read more
From:: Real Estate Wire
A new poll released Monday show that voters in the U.K. are leaning once more toward staying in the European Union. In a Monday ORB poll commissioned by The Telegraph, 53% of voters polled say they will vote to stay in the EU, as opposed to 46% who want to leave. In a Friday YouGov/Sunday Times poll, 44% of respondents said they would vote to stay, while 43% said they would vote to leave. Early last week, polls showed preferences swinging toward a “leave” vote.
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
When the power couple isn’t ruling the runway or music industry, they’re making a killing in the real estate market. The reasons why singer Adam Levine and his supermodel wife Behati Prinsloo changed their minds on where they’ll live might not be clear, but looking at the profit they’ll make from the decision, they’re making an excellent choice. …read more
From:: Real Estate Wire
Several real estate finance firms recently touted how they have been recognized by local news publications as the best employers in their cities.
Union Home Mortgage Corp. said Monday that The Plain Dealer recognized it as one of the 100 Top Workplaces for 2016 in Northeast Ohio.
It reportedly was the second consecutive year for the Strongsville, Ohio-based mortgage banking company to make the Cleveland paper’s ranking.
From:: Financing
A former Connecticut state representative is facing as many as five years in prison after pleading guilty to charges stemming from a mortgage fraud conspiracy that involved lying about the nature of “gift” money that was to be used to buy a home in Bristol. The person behind the supposed “gift” to Cuevas? A fake “relative” who was actually a subordinate employee at the City of Waterbury. …read more
From:: Real Estate Wire
Sabre Corp. Chief Executive Tom Klein will resign from his post at the Southlake, Tex., company effective Dec. 31, according to a statement late Monday. Klein will continue to serve as CEO while the travel software and products company conducts a formal search for a successor. Klein was named president of Sabre in 2010 and CEO in 2013. Shares of Sabre were flat in late Monday trading after ending the regular session up 0.2%.
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From:: Stock Market News
Marvell Technology Group Ltd. said late Monday that Matthew J. Murphy, a former executive at Maxim Integrated, was named the chip maker’s chief executive and president effective July 11. In April, Marvell fired its husband-and-wife founder and management team amid allegations of accounting issues. Shares of Marvell were flat in late trading after ending the regular session up 1.2%.
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
Facebook Inc. reelected all of its board of directors on Monday, including the billionaire investor Peter Thiel, who has been at the center of a controversy related to Gawker Media. The company’s entire eight-person board was reelected, including Netflix CEO Reed Hastings and venture capitalist Marc Andreessen. Thiel’s reelection drew the most interest, however, with Facebook and its investors sticking by the PayPal founder – the company’s longest standing board member — despite the fact that he admitted to funding a costly legal battle that led to Gawker’s bankruptcy earlier this month. Thiel has referred to the lawsuit, which was filed by Hulk Hogan and funded secretly by Thiel, as a personal vendetta, after Gawker published a story ten years ago that outed him as gay. Shares of Facebook rose 0.3% to $113.37 on Monday. They’ve risen 37.5% over the last 12 months, outperforming the S&P 500, which is down 1.2%.
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
U.S. stocks ended firmly higher Monday, although coming off their best levels of the session, as recent polls showed support swinging back toward the U.K. remaining a member of the European Union ahead of its Thursday referendum. The Dow Jones Industrial Average finished up 134 points, or 0.8%, at 17,806. A sharp rise in shares of Goldman Sachs Group Boeing Co. and 3M Company contributed about 60 points to the blue-chip index. Meanwhile the S&P 500 index rose 12 points, or 0.6%, to 2,083, and the Nasdaq Composite Index climbed 36 points, or 0.8%, to 4,837.
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