Foreclosures | Mortgages | Financing
WashingtonFirst Bankshares, the parent company of WashingtonFirst Bank, announced Monday that it is rebranding its wholly-owned residential mortgage lending subsidiary, 1st Portfolio Lending, as WashingtonFirst Mortgage. …read more
From:: Real Estate Wire
By jgaffney@housingwire.com Summit Residential Services acquired an interest in the subject property following a foreclosure sale conducted by a homeowner’s association — and moved to clear title. Summit was granted judgment in its favor; extinguishing a MERS lien. So, MERS countersued in April 2104, and won. …read more
From:: Real Estate Wire
In an interview with local media, Zillow founder and CEO reflect on their past success, and speculate on the future. Could virtual touring be the next step when it comes to selling a home? …read more
From:: Real Estate Wire
Owens-Illinois Inc. shares rose 3.6% to $12.75 in the extended session Monday after the glass-container maker met quarterly expectations but forecast a weak outlook. Owens-Illinois reported adjusted earnings of 40 cents a share on revenue of $1.63 billion. Analysts surveyed by FactSet had estimated 40 cents on revenue of $1.62 billion. O-I forecast full-year earnings of $2.10 to $2.25 a share, while analysts expect $2.26 a share.
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From:: Stock Market News
Gap Inc. said same-store sales for January were down 8% with sales for the four-weeks ending Jan. 30 totaling $813 million, down from $888 million in sales for the same period last year. Same-store sales at the global Gap brand were down 6% for January. Banana Republic’s same-store sales were down 17%. And same-store sales at Old Navy were down 6%. Sales for fiscal fourth quarter 2015 totaled $4.4 billion, down from $4.7 billion for the same period last year. The FactSet consensus was $4.5 billion. Same-store sales for the fourth quarter were down 7%. The FactSet estimate was for a 5.1% drop. Same-store sales at the global Gap brand for the fourth quarter were down 3%. Banana Republic’s same-store sales for the quarter were down 14%. And Old Navy’s same-store sales were down 8% for the quarter. Gap Inc. sees fiscal fourth-quarter adjusted earnings per share between 56 cents and 57 cents, beating the FactSet consensus of 53 cents. And full-year adjusted earnings per share are expected in the range of $2.41 and $2.42, beating the FactSet estimate of $2.37. Gap shares are up 0.7% in postmarket trading, but down 42.6% for the past 12 months. The S&P 500 is down 9.8% for the past year.
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
Gap Inc. said same-store sales for January were down 8% with sales for the four-weeks ending Jan. 30 totaling $813 million, down from $888 million in sales for the same period last year. Same-store sales at the global Gap brand were down 6% for January. Banana Republic’s same-store sales were down 17%. And same-store sales at Old Navy were down 6%. Sales for fiscal fourth quarter 2015 totaled $4.4 billion, down from $4.7 billion for the same period last year. The FactSet consensus was $4.5 billion. Same-store sales for the fourth quarter were down 7%. The FactSet estimate was for a 5.1% drop. Same-store sales at the global Gap brand for the fourth quarter were down 3%. Banana Republic’s same-store sales for the quarter were down 14%. And Old Navy’s same-store sales were down 8% for the quarter. Gap Inc. sees fiscal fourth-quarter adjusted earnings per share between 56 cents and 57 cents, beating the FactSet consensus of 53 cents. And full-year adjusted earnings per share are expected in the range of $2.41 and $2.42, beating the FactSet estimate of $2.37. Gap shares are up 0.7% in postmarket trading, but down 42.6% for the past 12 months. The S&P 500 is down 9.8% for the past year.
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From:: Stock Market News
Shares of Qualys Inc. slid in Monday’s extended trade after the cybersecurity firm issued a weak profit outlook. Qualys reported its fourth-quarter earnings slumped to $5.42 million, or 14 cents a share, from $25.9 million, or 69 cents a share, in the same quarter last year. On an adjusted basis, the company earned 21 cents a share. Revenue grew 22% to $44.4 million. Analysts surveyed by FactSet had forecast earnings of 17 cents a share on revenue of $44.6 million. Qualys projected first-quarter adjusted earnings per share of 14 cents to 16 cents and revenue in a range of $44.7 million to $45.4 million, below analysts’ estimate for EPS of 18 cents and $46.3 million revenue. Shares fell 4.5% in the after-hours session.
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From:: Stock Market News
Oil production from seven major U.S. shale plays is expected to fall by 92,000 barrels a day in March from February, according to a monthly report from the Energy Information Administration released Monday. Oil output at the Eagle Ford shale play in South Texas is forecast to see the biggest decline, down 50,000 barrels a day in March, as the Bakken shale play, which stretches from Canada into North Dakota and Montana, is expected to see output fall by 25,000 barrels a day, the report said. Oil prices dropped Monday ahead of the report, with March oil settling at $29.69 a barrel, down $1.20, or 3.9%.
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From:: Stock Market News
Creators of critical software for banks, services, mortgage professionals and many others are rebranding themselves. They want their name to be a truer reflection of what they are, what they do, and who they serve. …read more
From:: Real Estate Wire
Pizza Hut, a subsidiary of Yum Brands Inc. serving pizza, pasta and wings, said it broke its all-time digital sales record by halftime of Super Bowl 50 on Sunday. It had nearly $12 million in digital sales by day’s end, the company said in a Monday release. The previous record was nearly $10 million. More than 60% of digital orders were placed on a mobile device, exceeding orders placed on desktop computers for the first time. Yum Brands shares are down 3.7% in Monday trading and 9% for the past 12 months. The S&P 500 is down 10.2% for the past year.
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