Foreclosures | Mortgages | Financing
The latest business venture from Realogy Holdings falls in line with a growing focus of technology in the mortgage market. The real estate company announced that ZapLabs is its new innovation and technology hub. Moving forward, Richard Smith, Realogy’s chairman, CEO and president, foresees ZapLabs more broadly focusing its creative energy on the application of emerging technologies. …read more
From:: Real Estate Wire
LDWholesale, which is a part of loanDepot, announced a change to its executive team and promoted Phil Garcia to vice president of Operational Production. Originally joining LDWholesale in November 2015, here are the news plans for Garcia’s role at the company. …read more
From:: Real Estate Wire
Private equity firm GTCR announced it acquired Plano, Texas-based Optimal Blue, a cloud-based provider of enterprise lending services to the mortgage industry. Besides a new CEO, the news also comes with up to a $350 million commitment of equity capital to the investment. Here’s where that money will go. …read more
From:: Real Estate Wire
Orthopediatrics Corp. has filed for an initial public offering to sell $75 million worth of shares, according to a filing. The Warsaw, Ind., pediatric medical-device company said its sales reached $31 million last year, from $10 million in 2011, reflecting a compound annual growth rate of 32%. The company has operated in the red, however, and it lost $7.9 million in 2015, from $9.5 million in 2014. The company is expected to list its stock on the Nasdaq stock exchange under the symbol KIDS.
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
Orthopediatrics Corp. has filed for an initial public offering to sell $75 million worth of shares, according to a filing. The Warsaw, Ind., pediatric medical-device company said its sales reached $31 million last year, from $10 million in 2011, reflecting a compound annual growth rate of 32%. The company has operated in the red, however, and it lost $7.9 million in 2015, from $9.5 million in 2014. The company is expected to list its stock on the Nasdaq stock exchange under the symbol KIDS.
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
Orthopediatrics Corp. has filed for an initial public offering to sell $75 million worth of shares, according to a filing. The Warsaw, Ind., pediatric medical-device company said its sales reached $31 million last year, from $10 million in 2011, reflecting a compound annual growth rate of 32%. The company has operated in the red, however, and it lost $7.9 million in 2015, from $9.5 million in 2014. The company is expected to list its stock on the Nasdaq stock exchange under the symbol KIDS.
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
In its latest sale of non-performing loans, Fannie Mae announced three different pool offerings for sale. And keeping up with its more specifically targeted Community Impact Pools, the first, smaller pool is being marketed to encourage participation by smaller investors, non-profit organizations and minority- and women-owned businesses. …read more
From:: Real Estate Wire
Synaptics Inc. plans to lay off 160 employees and close some offices, according to information filed Thursday with the Securities and Exchange Commission. The company said the workforce reductions, which equal about 9% of total staffing levels, will cost $10 million to $11 million mostly in severance fees, while the consolidation of office space will cost $3 million to $4 million for lease-cancellation fees and other costs. “These programs represent cost-cutting measures to align the company’s cost structure consistent with its revenue levels,” the filing stated. Synaptics has suffered this year from a plateau in sales for Apple Inc.’s iPhone, for which the company provides touch controllers. Synaptics stock fell 2.1% to $60.50 Thursday after a price target cut from Mizuho Securities, and is down 24.7% so far this year.
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
Revlon Inc. said late Thursday it has agreed to buy Elizabeth Arden Inc. for an all-cash deal of $14 a share, a 50% premium, valuing Elizabeth Arden at about $870 million. By buying the beauty-product rival, Revlon will benefit from “greater scale, an expanded global footprint, and a significant presence across all major beauty channels,” the companies said in a statement. They predicted cost savings around $140 million. Shares of Revlon were flat in late trading, while shares of Elizabeth Arden rose 49%. The stocks had ended the regular session up 0.2% and down 0.2%, respectively.
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
Wells Fargo & Co.’s stock bounced sharply off early lows Thursday, with a late push higher saving it from suffering its longest losing streak in more than 8 1/2-years. The stock turned higher in the last half hour of the regular session, closing up 0.1%, after being down as much as 1.8% early in the session. A lower close would have extended the stock’s losing streak to eight sessions, which would have been the longest such stretch since the eight-session streak ending Oct. 19, 2007. The ended the loss streak at seven sessions, which was the longest since Jan. 8, 2016. Separately, the SPDR Financial Select Sector ETF closed up 0.3%, after being down 1.4% at its intraday low.
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