Home prices are up, foreclosures are down, and the overall market seems to be well on its way to recovery, according to FNC. First time homebuyers, however, may still struggle to overcome some challenges. …read more
From:: Real Estate Wire
FNC: First time homebuyers will struggle this Spring season
Home prices are up, foreclosures are down, and the overall market seems to be well on its way to recovery, according to FNC. First time homebuyers, however, may still struggle to overcome some challenges. …read more
From:: Real Estate Wire
Loeb’s Third Point adds half a million shares of Google parent Alphabet
Dan Loeb’s hedge fund Third Point LLC bought more than a half a million Class A share position of Google parent Alphabet Inc. , according to a Securities and Exchange Commission filing late Friday. Third Point created the new position of 534,030 Alphabet shares, while eliminating positions in Ace Ltd. , eBay Inc. , and Morgan Stanley . The hedge fund also cut its positions in Allergan PLC and Amgen Inc. by more than half. Third Point also created new positions in VMWare Inc. , 21st Century Fox Inc. , and Lowe’s Cos. , according to the filing.
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
S&P 500, Dow sell off, log 3rd straight weekly drop
U.S. stocks sold off on Friday despite stronger-than-expected retail sales data. The S&P 500 and Dow industrials posted their third consecutive weekly declines. The S&P 500 closed down 17.62 points, or 0.9%, to 2,046.49 and booked a 0.5% weekly loss. The Dow Jones Industrial Average dropped 185.18 points, or 1.1%, to 17,535.32 and ended the week 1.2% lower. Meanwhile, the Nasdaq Composite ended the session down 19.66 points, or 0.4%, at 4,717.68 and recorded a 0.4% weekly drop, its fourth in a row.
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
Bridgewater sells off Amazon, Coke and Gap holdings while adding new stakes in Alphabet and McDonalds
Ray Dalio’s Bridgewater Associates sold off its entire stakes in Amazon.com Inc. , Coca-Cola Inc. and Gap Inc. during the first quarter, while adding new stakes in Alphabet Inc. and McDonald’s Corp. according to the latest regulatory filings. Among other moves made by the fund, which had $7.9 billion in equity assets as of March 31, during the quarter, it slashed his holding of Apple Inc. by two-thirds, his PepsiCo Inc. stake by about 80% and his Facebook Inc. holdings nearly in half, the funds 13F filing shows. Bridgewater also more than tripled his stake in Intel Corp. and added new stakes in United Parcel Service Inc. and Delta Air Lines Inc. and D.R. Horton Inc. . Separately, he increased his holdings in a number of oil and gas stocks, while reducing his exposure to gold miners.
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
Finally: $8.5B Countrywide mortgage bond settlement gets green light
Ending a legal quagmire that stretched back to 2011, investors are finally set to receive their money from an $8.5 billion settlement involving Bank of America, mortgages originated by its Countrywide unit, and the Bank of New York Mellon, which acted as the trustee for the mortgage bond investors. Click the headline to read more. …read more
From:: Real Estate Wire
Fannie Mae closes another non-performing loan sale
After one month, Fannie Mae announced it’s fifth non-performing loan sale. Goldman Sachs bought, not one, but all four pools from Fannie Mae. Here’s the details of the transaction, and when it is set to close. …read more
From:: Real Estate Wire
Fannie Mae closes another non-performing loan sale
After one month, Fannie Mae announced it’s fifth non-performing loan sale. Goldman Sachs bought, not one, but all four pools from Fannie Mae. Here’s the details of the transaction, and when it is set to close. …read more
From:: Real Estate Wire
Credit score fears run deep in the housing market
Fears of not having a good enough credit score plagues all levels of the housing market. Yes, even folks who have a lot of money. Here’s a breakdown of the current situation. …read more
From:: Real Estate Wire
Oil futures gain 3.5% for the week
Oil futures fell on Friday but gained 3.5% for the week, buoyed by expectations that declines in global output and stronger demand for crude will help ease the world’s glut of supplies. June WTI crude lost 49 cents, or 1.1%, to settle at $46.21 a barrel on the New York Mercantile Exchange. The weekly gain was WTI oil’s fifth in six weeks.
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