Foreclosures | Mortgages | Financing
More often than not, millennials are choosing the urban, apartment living lifestyle instead of buying a home. Whereas this is bringing more life and revitalization to downtown areas, it is also becoming a problem in many cities. Here’s why. …read more
From:: Real Estate Wire
Gawker Media LLC, bruised after losing a costly legal battle with professional wrestler Hulk Hogan, has filed for Chapter 11 bankruptcy protection, according to a filing. The digital publisher was sued by Hogan, whose real name is Terry Bollea, for violating his privacy by posting a clip of him having sex with the ex-wife of a friend. A jury awarded the wrestler $140 million in damages. Gawker had hired an investment banker to explore its options, including a possible sale, The Wall Street Journal reported. The filing was made with the U.S. Bankruptcy Court for the Southern District of New York.
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
Despite rising home prices and decreasing inventory in California, renters still want to own a home, according to the California Association of Realtors. Affordability issues are still holding many back, however many renters still plan on buying within the next year. …read more
From:: Real Estate Wire
Soybean futures rallied Friday to trade at their highest levels in nearly two years as the U.S. Department of Agriculture cut domestic supply estimates for the crop. Soybeans are expected to end the 2015/2016 crop year with stocks of 370 million bushels, down 30 million from last month’s estimate, the USDA said. Ending stocks for the 2016/2017 crop year were also cut by 45 million to 260 million bushels. July soybeans traded at $11.845 a bushel, up 8.5 cents, or 0.7%. Prices haven’t traded or settled at a level this high since late June 2014, according to FactSet data.
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 are being offered for sale on $1.5 billion in home loans backed by the government-sponsored enterprises.
Servicing on 8,577 residential loans with a combined principal balance of $1.488 billion is available to the servicer with the best bid.
Fannie Mae “A/A” mortgages account for 79 percent of the loans to be serviced, while another 21 percent are Freddie Mac “3 ARC loans.”
From:: Financing
Mortgage servicing rights are being offered for sale on $1.5 billion in home loans backed by the government-sponsored enterprises.
Servicing on 8,577 residential loans with a combined principal balance of $1.488 billion is available to the servicer with the best bid.
Fannie Mae “A/A” mortgages account for 79 percent of the loans to be serviced, while another 21 percent are Freddie Mac “3 ARC loans.”
From:: Financing
Shares of Atkore International Group were trading at $16.29 Friday morning, above the company’s $16 initial public offering price. CD&R Allied Holdings, a stockholder in the company, sold 12 million shares to raise about $192 million. Credit Suisse, Deutsche Bank Securities and J.P. Morgan acted as the lead underwriters.
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
These three cities made the list for Redfin’s hottest housing markets. In these cities homes can receive up to 100 showings in a weekend, and up to 30 offers. They are usually off the market within eight to 10 days. …read more
From:: Real Estate Wire
Global government bond markets continued to rally Friday as investors flocked to safe assets, driving prices higher and pushing yields to new lows across the world. The yield on the 10-year German bond , known as the bund, tumbled to 0.02%, an all-time low, according to Tradeweb. And the yield on Britain’s benchmark government bond , known as the 10-year gilt, fell to an all-time low of 1.229%. Overnight, the Japanese 10-year benchmark yield touched a record low of negative 0.155%. The continued decline in yields spilled over to the U.S., with Treasury yields retreating to multimonth lows. The yield on the 10-year Treasury note , the U.S. benchmark bond, fell to 1.649%, its lowest point since Feb. 11, the day the stock market hit its nadir. Meanwhile the 30-year yield fell to 2.451%, its lowest level since February 2015, according to FactSet. The yield on the two-year Treasury fell to 0.755%, its lowest level since May 13. Meanwhile, the spread between the 10-year and the 2-year Treasury narrowed to its tightest since November 2007, a trend known as a flattening yield curve.
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 opened lower Friday, on track for a second day of losses, as investors sold risky assets ahead of a Federal Reserve meeting and the U.K.’s so-called Brexit vote due later this month. A drop in in crude-oil futures also weighed on risk appetite. The S&P 500 opened down 11 points, or 0.5%, to 2,104. The Dow Jones Industrial Average lost 88 points, or 0.5%, to 17,896 at the open. Meanwhile, the Nasdaq Composite began the session down 42 points, or 0.8%, at 4,916.
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