Foreclosures | Mortgages | Financing
Investors can choose to use an online auction process, or the new non-auction transaction process, depending on the property and the market conditions. Ten-X Homes is dedicated exclusively to the sale of move-in ready single-family homes, so investor properties will be marketed with other high-quality, non-distressed homes. …read more
From:: Real Estate Wire
The Tennessee Department of Financial Institutions closed Memphis-based Trust Company Bank on Friday, and appointed the Federal Deposit Insurance Corporation as receiver. Trust Company Bank becomes the second FDIC-insured bank to close in 2016, and the first in the state since 2013. …read more
From:: Real Estate Wire
Yahoo Inc. has shortlisted 10 bidders in the auction for its Internet assets, including Verizon Communications Inc. , and most offers involve cash, according to a Reuters report Friday. The shortlist also includes private-equity firm TPG Capital LP and excludes small companies that proposed a combination deal, according to the report, which cited people familiar with the matter. The Wall Street Journal last week reported that Verizon was among the bidders for Yahoo. The company’s core Internet business could fetch between $4 billion and $8 billion in auction.
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 ended lower Friday, barely clinging to monthly gains, as disappointing economic data and corporate earnings raised doubts about the strength of the U.S. economy. The S&P 500 slid 10.50 points, or 0.5%, to 2,065.31, with health-care and information technology shares logging the largest declines. The Dow Industrials were off 57.12 points, or 0.3%, to 17,773.64, with Wal-Mart Stores Inc. and Intel Corp. leading the blue-chip gauge lower. The Nasdaq Composite was down 29.93 points, or 0.6%, to 4,775.36. The S&P recorded an April gain of 0.3%. The Dow logged a monthly gain of 0.5%. The Nasdaq — which lagged its peers for most of the month — saw a 2% drop.
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
For Mohsin Raza, his wife, Humaira Iqbal, and her brothers Farukh Iqbal and Mohammad Ali Haider, committing mortgage fraud really was a family affair. And, as it turns out, the family that plays together also goes to jail together. …read more
From:: Real Estate Wire
Impac’s earnings plummeted from last year and even last quarter, but the company isn’t worried, and even feels that it had a strong start to the year. In this exclusive interview with HousingWire they explain why. …read more
From:: Real Estate Wire
Impac’s earnings plummeted from last year and even last quarter, but the company isn’t worried, and even feels that it had a strong start to the year. In this exclusive interview with HousingWire they explain why. …read more
From:: Real Estate Wire
Wal-Mart Stores Inc.’s stock slumped 3.3% in active afternoon trade Friday, putting it on track to suffer the biggest one-day percentage decline since Oct. 14. The discount retailing giant’s shares, which were the biggest decliners among components of the Dow Jones Industrial Average , are headed toward the lowest close since March 3. The company didn’t issue a press release or a regulatory filing Friday, and none of the 29 analysts followed by FactSet put out a company-specific note. Wal-Mart did not immediately respond to a request for comment. Chart watchers might say the stock’s impending close below the 50-day moving average, seen as guide to the short-term trend, for the first time since Dec. 18 as a bearish sign. That, coupled with the drop Friday below a rising trendline starting at the Nov. 13, 4-year closing low of $56.42, suggests the uptrend since then may have just ended. The 50-day MA currently extends to $67.92 and the rising trendline comes in at $67.38.
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
Oil futures settled modestly lower on Friday after media surveys showed a monthly rise in production from the Organization of the Petroleum Exporting Countries. Expectations for continued declines in U.S. output, however, helped prices score a gain of roughly 19.8% for the month, based on the most-active contracts, according to FactSet. June WTI crude fell 11 cents, or 0.2%, to settle at $45.92 a barrel on the New York Mercantile Exchange Friday.
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
An important trend in the apartment market is happening that multifamily property managers need to be aware of. There is concern that developers have been adding too much inventory which is flooding markets with supply. This means vacancy rates will rise and rent growth will slow.
What does this mean for multifamily property managers? In cities where there is over supply, it will become harder to find renters. Your marketing efforts and having modern property management software will become even more important to stay competitive and profitable.
on National Real Estate Investor
From:: Property Management