Foreclosures | Mortgages | Financing
The solution includes information technology, cyber security, education and industry-specific compliance solutions. The brand will offer a discounted security and compliance service to satisfy the regulatory and compliance requirements for the seven pillars of ALTA’s Best Practices to meet lender and regulator mandates. …read more
From:: Real Estate Wire
More than one-third of all residential real estate sales in Orlando in 2015 were paid for in cash, according to Jim Gilkeson, director of the University of Central Florida’s integrated business degree.
In fact, cash accounted for about 37 percent of residential real estate sales last year, while conventional loans accounted for about 35 percent and FHA loans accounted for about 28 percent, according to data presented by Gilkeson at a CFA Society of Orlando event on March 23.
Gilkeson believes the… …read more
From:: biz journal foreclosures
GameStop Corp. shares fell more than 6% late Thursday after the company reported 2016 earnings expectations slightly below Wall Street consensus. The game retailer reported adjusted net earnings of $251.6 million, or $2.40 a share, in the fourth quarter, compared with adjusted net earnings of $235.5 million, or $2.15 a share, in the prior-year quarter. Sales reached $3.53 billion in the quarter. Analysts polled by FactSet had expected the company to report adjusted earnings of $2.25 a share on sales of $3.57 billion. GameStop said the stronger dollar will continue to hit its bottom line this year, to the tune of 5 cents a share to 8 cents a share on its full-year earnings. The company said it expects full-year 2016 earnings between $3.90 a share and $4.05 a share, below analyst estimates of $4.08 a share for the year. Shares ended the regular session Thursday 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
Two weeks after announcing its new mid-term loan through an email campaign, Patch of Land has earned over $40 million in loan interest. The loan is fit for those who may not qualify for long-term property loans. …read more
From:: Real Estate Wire
It’s tough being in the spotlight, especially if you’re headed to prison. Joe Giudice arrived at Fort Dix Federal Correctional Institution in New Jersey to begin his 41-month sentence for bankruptcy fraud. However, the convicted criminal’s troubles are just beginning. …read more
From:: Real Estate Wire
Oil futures settled lower Thursday as a bigger-than-expected climb in U.S. crude inventories and recent strength in the U.S. dollar helped prices tally their first weekly loss in six weeks. May WTI crude settled at $39.46 a barrel on the New York Mercantile Exchange, down 33 cents, or 0.8%, for the session. Prices declined roughly 4.1% for the week, according to FactSet data.
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
Stegman played a large role in affordable housing. His name also comes up quite a bit in regard to ending the conservatorship of Fannie Mae and Freddie Mac. Now that he is leaving office, what does it mean for the conservatorship of the GSEs? …read more
From:: Real Estate Wire
Freddie Mac selected the winning bidders in its latest massive sale of non-performing loans, with one now-familiar buyer, Lone Star Funds, or more specifically the private-equity’s trust, LSF9 Mortgage Holdings, accounting for more than half of the $1.4 billion pool of NPLs. …read more
From:: Real Estate Wire
Gold futures fell Thursday, holding ground at about a one-month low, pressured by strength in the U.S. dollar and the potential for an U.S. interest-rate hike as early as next month. Gold for April delivery settled at $1,221.60 an ounce, down $2.40, or 0.2%. For week, prices lost 2.6%, according to FactSet data. Markets will be shut for Good 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
Oil futures pared some losses after data Thursday from Baker Hughes showed that the number of active U.S. rigs drilling for crude fell by 15 to 372 as of Thursday. Meanwhile, the total U.S. rig count fell 12 to 464, which is another record low. May crude was at $39.44 a barrel on the New York Mercantile Exchange, down 35 cents, or 0.9%. It was trading lower at around $39.17 before the data.
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