Foreclosures | Mortgages | Financing
Stuart Delery, the third in command at the Department of Justice and leader of the DOJ’s investigations into the conduct of banks during the financial crisis, is stepping down. In his time as the lead of the DOJ’s Civil Division, Delery oversaw massive settlements with several financial institutions for their business practices during the financial crisis, including a $601 million settlement with HSBC. …read more
From:: Real Estate Wire
Buyer demand in Illinois is pushing Mortgage Master, a division of loanDepot, to expand. The new location will be an ideal location for their customers, according to Mortgage Master CEO. …read more
From:: Real Estate Wire
Oil futures ended modestly higher Tuesday after moving between gains and losses throughout the trading session. West Texas Intermediate crude for May delivery on the New York Mercantile Exchange settled at $35.89 a barrel, a rise of 19 cents, or 0.5%. Analysts said oil struggled for direction as market participants await weekly U.S. supply data due Wednesday amid fading hopes that major producers, including Saudi Arabia and Russia, will agree to a production freeze at a meeting later this month. U.S. crude stockpiles likely grew by 2.9 million barrels in the week ended April 1, pricing provider Platts said, based on its survey of analysts
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 ended modestly higher Tuesday after moving between gains and losses throughout the trading session. West Texas Intermediate crude for May delivery on the New York Mercantile Exchange settled at $35.89 a barrel, a rise of 19 cents, or 0.5%. Analysts said oil struggled for direction as market participants await weekly U.S. supply data due Wednesday amid fading hopes that major producers, including Saudi Arabia and Russia, will agree to a production freeze at a meeting later this month. U.S. crude stockpiles likely grew by 2.9 million barrels in the week ended April 1, pricing provider Platts said, based on its survey of analysts
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
A new Bankrate survey shows youngest homeowners are the most prone to making home improvements in the near future. About 52% of homeowners planning a project over the next year indicate they want to work on their home’s exterior. See how the ages break down. …read more
From:: Real Estate Wire
Gold futures closed higher Tuesday as investors rushed toward safety plays amid a global stock-market downdraft. June gold closed $10.30, or 0.8%, higher at $1,229.60 an ounce, after retreating Monday on worries that the Federal Reserve might lift benchmark interest rates sooner than later. On Tuesday, the yellow metal drew support from growing concerns about the global economy, which pushed investors into assets viewed as havens. Gold is “moving higher today on the back of the risk-off trade,” said Naeem Aslam, AvaTrade’s chief market analyst, in a note. May silver ended sharply higher, up 1.2% at $15.12 an ounce.
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
Ocwen Financial is partnering with the NAACP to host four borrower outreach events throughout 2016 that will give struggling homeowners the opportunity to receive in-person, individualized mortgage counseling designed to help them stay in their homes. …read more
From:: Real Estate Wire
The prime minister of Iceland, David Gunnlaugsson has resigned, according to media reports Tuesday, including from the national broadcaster RUV. Gunnlaugsson came under criticism after his name showed up in the “Panama Papers,” documents leaked from a Panamanian law firm detailing offshore accounts held by a wide range of political and business leaders. The papers were revealed on Sunday by a consortium of news outlets that had spent months examining them. The news led to mass protests in the Icelandic capital Reykjavik on Monday. The offshore company containing Gunnlaugsson’s name is alleged to have had holdings in Iceland’s collapsed banks.
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
As one apartment complex in Long Beach proves, tech amenities are on the rise. The new building boasts tech-centric common areas, such as an indoor–outdoor rooftop dining area; pool and sun deck with USB charging ports and Wi-Fi; a fully equipped gourmet kitchen with an audio and screen system residents can control; a fitness center with individually tailored connectivity and Bluetooth options on each machine; a yoga studio; automated package and dry-cleaning lockers; an in-lobby, e-resident interface synced to residents’ mobile devices; keyless electronic access control throughout the property; and a fully automated dog-washing station. How do your amenities stack up?
from Multifamily Executive.
From:: Property Management
After more than 20 years with the homebuilder, PulteGroup CEO Richard Dugas was pressured to resign by two of the highest powers in the company due to disputes over the homebuilder’s direction. Conveniently, a recent Q&A with Dugas before this all came out revealed what some of his plans for the company were. …read more
From:: Real Estate Wire