Foreclosures | Mortgages | Financing
The release of the Federal Reserve minutes pushed up interest rates on home loans this past week. But there are some indications that fixed rates could ease.
Conventional, conforming 30-year fixed rates averaged 3.94 percent in April, down a basis point from March, the Federal Housing Finance Agency reported.
For just the week ended May 26, fixed rates on 30-year home loans averaged 3.64 percent based on Freddie Mac’s Primary Mortgage Market Survey.
From:: Financing
HSBC Bank notified a New York state court this week that it plans to file a $420 million lawsuit against Merrill Lynch and Bank of America, claiming that both Merrill Lynch and Bank of America knew a series of Countrywide mortgage loans were toxic and allowed the loans to be securitized nonetheless. Here are all the details. …read more
From:: Real Estate Wire
HSBC Bank notified a New York state court this week that it plans to file a $420 million lawsuit against Merrill Lynch and Bank of America, claiming that both Merrill Lynch and Bank of America knew a series of Countrywide mortgage loans were toxic and allowed the loans to be securitized nonetheless. Here are all the details. …read more
From:: Real Estate Wire
Shares of Veeva Systems Inc. gained in Thursday’s extended session after the cloud-based software company geared to the life sciences industry posted quarterly earnings and revenue ahead of estimates. Veeva Systems reported its first-quarter earnings fell to $12.5 million from $13 million a year earlier. On per-share basis, earnings were flat at 9 cents a share. Adjusted earnings came in at 15 cents a share. Revenue grew 33% to $119.8 million. Analysts surveyed by FactSet had forecast the company to earn 11 cents a share on revenue of $115 million. For the current quarter, Veeva projected adjusted EPS of 13 cents and revenue of $125.5 million to $127 million. Shares rallied 9.9% 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 Veeva Systems Inc. gained in Thursday’s extended session after the cloud-based software company geared to the life sciences industry posted quarterly earnings and revenue ahead of estimates. Veeva Systems reported its first-quarter earnings fell to $12.5 million from $13 million a year earlier. On per-share basis, earnings were flat at 9 cents a share. Adjusted earnings came in at 15 cents a share. Revenue grew 33% to $119.8 million. Analysts surveyed by FactSet had forecast the company to earn 11 cents a share on revenue of $115 million. For the current quarter, Veeva projected adjusted EPS of 13 cents and revenue of $125.5 million to $127 million. Shares rallied 9.9% 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 Veeva Systems Inc. gained in Thursday’s extended session after the cloud-based software company geared to the life sciences industry posted quarterly earnings and revenue ahead of estimates. Veeva Systems reported its first-quarter earnings fell to $12.5 million from $13 million a year earlier. On per-share basis, earnings were flat at 9 cents a share. Adjusted earnings came in at 15 cents a share. Revenue grew 33% to $119.8 million. Analysts surveyed by FactSet had forecast the company to earn 11 cents a share on revenue of $115 million. For the current quarter, Veeva projected adjusted EPS of 13 cents and revenue of $125.5 million to $127 million. Shares rallied 9.9% 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
Splunk Inc. shares fell in the extended session Thursday even after the machine-data software company met Wall Street estimates for the quarter and raised their guidance. Splunk shares fell 5.8% to $51.75 after hours. The company reported an adjusted first-quarter loss of 2 cents a share on revenue of $186 million. Analysts surveyed by FactSet had forecast a loss of 2 cents a share on revenue of $174.1 million. Splunk now sees full revenue of $892 million to $896 million, while analysts expect $883 million.
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 Palo Alto Networks Inc. sank in Thursday’s extended session after the advanced-firewall company issued a subdued outlook. Palo Alto Networks reported its fiscal third-quarter loss widened to $70.2 million, or 80 cents a share, from a loss of $45.9 million, or 56 cents a share, a year ago. On an adjusted basis, the company would have earned 42 cents a share. Revenue grew 48% to $345.8 million and billings jumped 61% to $486.2 million. Analysts surveyed by FactSet had forecast earnings of 42 cents a share on revenue of $340 million. The company also projected adjusted EPS of 48 cents to 50 cents and revenue in a range of $386 million to $390 million in the fourth quarter. Analysts are looking for fourth-quarter earnings of 50 cents and revenue of $389 million. Palo Alto shares tanked more than 8% in 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 Palo Alto Networks Inc. sank in Thursday’s extended session after the advanced-firewall company issued a subdued outlook. Palo Alto Networks reported its fiscal third-quarter loss widened to $70.2 million, or 80 cents a share, from a loss of $45.9 million, or 56 cents a share, a year ago. On an adjusted basis, the company would have earned 42 cents a share. Revenue grew 48% to $345.8 million and billings jumped 61% to $486.2 million. Analysts surveyed by FactSet had forecast earnings of 42 cents a share on revenue of $340 million. The company also projected adjusted EPS of 48 cents to 50 cents and revenue in a range of $386 million to $390 million in the fourth quarter. Analysts are looking for fourth-quarter earnings of 50 cents and revenue of $389 million. Palo Alto shares tanked more than 8% in 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
While some communities may be very near a full recovery, others continue to struggle with home prices much lower than their peak in 2006. According to Pro Teck, that causes major inaccuracies for CBSAs. …read more
From:: Real Estate Wire