Foreclosures | Mortgages | Financing
A former banker and a real estate developer now face charges of bank fraud after a federal grand jury indicted Shaun Hayes and Michael Litz for their roles in a scheme that allegedly lead to the loss of $4 million of taxpayer money. …read more
From:: Real Estate Wire
A former banker and a real estate developer now face charges of bank fraud after a federal grand jury indicted Shaun Hayes and Michael Litz for their roles in a scheme that allegedly lead to the loss of $4 million of taxpayer money. …read more
From:: Real Estate Wire
By jgaffney@housingwire.com Fannie Mae is moving forward with plans to reduce its office space across the Dallas/Fort Worth area. Additionally, the government-sponsored enterprise also started letting staff go as the effects of the housing crisis are still being felt. …read more
From:: Real Estate Wire
XIO Group, a London-based investment firm, said late Friday it had agreed to buy consultant J. D. Power from McGraw Hill Financial Inc. for $1.1 billion. The deal is expected to close in the third quarter, XIO Group said. XIO will “support” J. D. Power’s current management team in expanding to other markets, particularly “fast-growing Asian markets,” the company said. The deal was the first for XIO in the U.S. following acquisitions of companies based in Germany and Israel last year. Shares of McGraw Hill were flat in late trading Friday after ending the regular trading session down 0.3%.
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
Aon Plc said late Friday its board of directors has authorized a 10% increase to its annual dividend to 33 cents a share. The dividend is payable May 16 to shareholders of record on May 2. Shares of Aon, a human resources, consultancy and insurance company, were flat in late trading Friday after ending the regular trading day up 0.4%.
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 closed out a healthy week of gains in negative territory Friday as a retreat in crude-oil prices weighed on energy shares ahead of a key meeting of major oil producers slated for Sunday in Doha, Qatar. Uncertainty about the outcome of the meeting of members of the Organization of the Petroleum Exporting Countries and non-OPEC members, which could set the tone for crude futures, put a cap on upbeat sentiment over corporate results that have so far proved better than expected. The Dow Jones Industrial Average closed off 29 points, or 0.2%, to end at 17,896, while the S&P 500 index ended 2 points, or 0.1%, lower at 2,080. Shares of Apple Inc. led the Dow industrials lower, off 2%, after a report in Saturday’s edition of Japan’s Nikkei newspaper said demand for iPhones is lagging–the slide weighed on technology stocks, which were down 0.5%. The Nasdaq Composite index closed down 7 points, or 0.2% at 4,938. Energy stocks topped the S&P 500’s sector laggards, closing off 1.3%. West Texas Intermediate crude , fell $1.14, or 2.8%, to settle at $40.36 a barrel. On the week, the Dow scored its best weekly gain, up 1.8%, since March 18. The S&P 500 registered a 1.6% weekly gain, while the Nasdaq was up 1.8% on the week.
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
WASHINGTON (MarketWatch) – President Obama on Friday released his 2015 federal income tax returns, showing the first family’s effective tax rate is 18.7%. Obama and his wife filed their returns jointly and reported adjusted gross income of $436,065. The couple paid $81,472 in total tax. The Obamas donated $64,066 to charity, with the largest contributions going to the Fisher House Foundation, the Beau Biden Foundation and Sidwell Friends School, which is where their two children are in high school.
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
WASHINGTON (MarketWatch) – President Obama on Friday released his 2015 federal income tax returns, showing the first family’s effective tax rate is 18.7%. Obama and his wife filed their returns jointly and reported adjusted gross income of $436,065. The couple paid $81,472 in total tax. The Obamas donated $64,066 to charity, with the largest contributions going to the Fisher House Foundation, the Beau Biden Foundation and Sidwell Friends School, which is where their two children are in high school.
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
New York grocery chain Fairway Group Holdings Corp. has reached a tentative deal with creditors to restructure its debt in bankruptcy, Bloomberg reported Friday, citing people familiar with the matter. The chain could file for Chapter 11 protection by the end of May, Bloomberg said. Fairway has struggled in recent months for its survival after being battered by competition from Whole Foods Market Inc. and other competitors on its home turf. The company has also grappled with a substantial debt load, much of it taken on to finance an ill-timed expansion. Shares were trading down 7.5% Friday at 37 cents, and are down 44% in the year so far, while the S&P 500 has gained about 1.7%.
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
Freedom Mortgage Corporation now has more in common with Wells Fargo, Franklin American Mortgage, Walter Investment, and First Tennessee Bank than simply being mortgage lenders, as Freedom Mortgage is set to become the latest mortgage company to settle with the Department of Justice over alleged violations of the False Claims Act. …read more
From:: Real Estate Wire