After a two and a half year study, TransUnion released its results for consumer spending before and after they close a mortgage and start a new one. Some of the results shocked the company executives. Here’s why. …read more
From:: Real Estate Wire
TransUnion: Consumers show surprising behavior before obtaining mortgages
After a two and a half year study, TransUnion released its results for consumer spending before and after they close a mortgage and start a new one. Some of the results shocked the company executives. Here’s why. …read more
From:: Real Estate Wire
AAG brings jumbo reverse mortgage program to California
Last year, American Advisors Group, an Orange, California-based reverse mortgage lender, unveiled a jumbo reverse mortgage program, called the AAG Advantage. The AAG Advantage program was initially launched in select states through the company’s retail channel in September, and now the company is making the AAG Advantage program available to its wholesale partner network in California. …read more
From:: Real Estate Wire
U.S. Foods prices IPO at $23 a share: report
Food service company U.S. Foods Holding has priced its initial public offering at $23 a share, according to a late Wednesday report on The Wall Street Journal that cited sources familiar with the deal. The company sold 44.4 million shares, raising $1 billion. U.S. Foods was expected to list on the New York Stock Exchange. The company had $17 billion in sales last 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
FHFA: Home prices increase again, rise 1.3%
While home prices only increased a meager 1.3% in the first quarter of 2016, it’s added onto a long string of increases; 19 consecutive quarterly price increases to be exact. According to FHFA Supervisory Economist Andrew Leventis, there is at least one unique factor in this quarter. …read more
From:: Real Estate Wire
Lions Gate shares jump on surprise profit
Lions Gate Entertainment Corp. shares rallied in the extended session Wednesday after the movie and TV production company reported a surprise profit for the fourth quarter. Lions Gate shares jumped 14% to $22.53 after hours. The company reported fourth-quarter earnings of 7 cents a share on revenue of $791.2 million. Analysts surveyed by FactSet had forecast a loss of 2 cents a share on revenue of $738.7 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
Caliber Home Loans acquires First Priority Financial
Caliber Home Loans, an Irving, Texas-based residential mortgage origination and servicing company, announced Wednesday that it plans to acquire First Priority Financial, a regional residential mortgage lender with branches and originators serving California, Oregon, Washington, Idaho and Iowa. …read more
From:: Real Estate Wire
Calvin Klein parent PVH shares rally on earnings beat, outlook
PVH Corp. shares rallied in the extended session Wednesday after the clothing-brands company topped Wall Street estimates for the quarter and raised its outlook for the year. PVH shares surged 6.8% to $95.96 after hours. The Calvin Klein and Tommy Hilfiger parent company reported adjusted first-quarter earnings of $1.50 a share on revenue of $1.92 billion. Analysts had estimated $1.43 a share on revenue of $1.9 billion. PVH raised its adjusted earnings outlook for the year to a range of $6.45 to $6.55 a share, up from a previous range of $6.30 to $6.50 a share. Analysts had forecast earnings of $6.46 a share.
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
Calvin Klein parent PVH shares rally on earnings beat, outlook
PVH Corp. shares rallied in the extended session Wednesday after the clothing-brands company topped Wall Street estimates for the quarter and raised its outlook for the year. PVH shares surged 6.8% to $95.96 after hours. The Calvin Klein and Tommy Hilfiger parent company reported adjusted first-quarter earnings of $1.50 a share on revenue of $1.92 billion. Analysts had estimated $1.43 a share on revenue of $1.9 billion. PVH raised its adjusted earnings outlook for the year to a range of $6.45 to $6.55 a share, up from a previous range of $6.30 to $6.50 a share. Analysts had forecast earnings of $6.46 a share.
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
Edison International’s CEO Theodore Craver to retire
Edison International late Wednesday said Theodore Craver Jr., chairman, president and chief executive officer of Edison International, is retiring on Sept. 30, 2016. Craver’s retirement is in keeping with the company’s practice of its CEOs stepping down on reaching the age of 65, it said. Craver will be succeeded by Pedro Pizarro, president of Southern California Edison, as CEO and William Sullivan, an independent director, will become non-executive chair. Shares of Edison were unchanged in extended trading after the stock slipped 0.2% to close at $69.77 during the regular session.
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