Foreclosures | Mortgages | Financing
Today, we remember those whose lives ended all-too soon 16 years ago. We remember the victims, the first responders, the heroes and the family and friends left behind. The housing finance industry stands together in solemn remembrance of the lives lost on that day, saying as Americans, we will never forget. …read more
From:: Real Estate Wire
U.S. stock-index benchmarks jump on Monday, as Hurricane Irma hit Florida with less force than expected and North Korea failed to conduct another nuclear missile test over the weekend, helping to lure investors into buying assets perceived as risky like equities. The Dow Jones Industrial Average traded 262 points, or 1.2%, at 22,060, while the S&P 500 index climbed 1.1% at 2,488, putting the broad-market gauge within range of its intraday high. The Nasdaq Composite Index rallied 1.1% at 6,432, was within range of its all-time closing high. In corporate news, investors awaited the debut of Apple Inc.’s new iPhone 8 on Tuesday. In other corporate news, shares of Teva Pharmaceutical Industries Ltd. were up, after the Israeli drug company on Monday named Lundbeck’s Kare Schultz as its new chief executive. Meanwhile, Wall Street was marking the anniversary of 9/11.
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
Black Knight Financial Services, a mortgage data and solutions provider, unveiled it is rebranding as Black Knight in light of Fidelity National Financial’s distribution of its equity interest in it. “Black Knight is ready to move forward as an independent company and continue producing results that exceed expectations for our clients, shareholders and employees,” said Black Knight Executive Chairman Bill Foley. …read more
From:: Real Estate Wire
The S&P 500 and Dow Jones Industrial Average rallied more than 1% on Monday and were on track for their biggest one-day percentage gain in six months, according to FactSet. Monday’s gains have been largely attributed to less severe outcome from Hurricane Irma and a relatively quiet weekend on the Korean peninsula. The S&P 500 was up 26 points, or 1%, to 2,487.21, only a few percentage points below its intraday record at 2,490.91, set last month. The Dow Jones Industrial Average rose 251 points, or 1.1%, to 22,049.65, trading less than a percentage point below its all-time high set last month. The Nasdaq Composite is up 72 points, or 1.1%, to 6,432.37, a few points below its record close set on September 1.
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. stock-index benchmarks jump on Monday, as Hurricane Irma hit Florida with less force than expected and North Korea failed to conduct another nuclear missile test over the weekend, helping to lure investors into buying assets perceived as risky like equities. The Dow Jones Industrial Average traded 250 points, or 1.2%, at 22,054, while the S&P 500 index climbed 1.1% at 2,487, putting the broad-market gauge within range of its intraday high. The Nasdaq Composite Index rallied 1.1% at 6,432, was within range of its all-time closing high. In corporate news, investors awaited the debut of Apple Inc.’s new iPhone 8 on Tuesday. In other corporate news, shares of Teva Pharmaceutical Industries Ltd. were up, after the Israeli drug company on Monday named Lundbeck’s Kare Schultz as its new chief executive. Meanwhile, Wall Street was marking the anniversary of 9/11.
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. stock-index benchmarks jump on Monday, as Hurricane Irma hit Florida with less force than expected and North Korea failed to conduct another nuclear missile test over the weekend, helping to lure investors into buying assets perceived as risky like equities. The Dow Jones Industrial Average traded 233 points, or 1.1%, at 22,032, while the S&P 500 index climbed 1% at 2,484, putting the broad-market gauge within range of its closing high. The Nasdaq Composite Index rallied 1% at 6,425, also within range of an all-time closing high. In corporate news, investors awaited the debut of Apple Inc.’s new iPhone 8 on Tuesday. In other corporate news, shares of Teva Pharmaceutical Industries Ltd. were up, after the Israeli drug company on Monday named Lundbeck’s Kare Schultz as its new chief executive. Meanwhile, Wall Street was marking the anniversary of 9/11.
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
The holiday week took a toll on new mortgage business, with adjustable-rate mortgage activity erasing prior-week gains. Jumbo business was the only category to rise.
An indication of upcoming loan originations, the U.S. Mortgage Market Index from Mortgage Daily, was 132 in the week ended Sept. 8.
The index, which is based on per-user rate-lock volume at OpenClose, retreated 15 percent from the preceding week. No adjustment was made for the Labor Day holiday.
From:: Financing
With the clock ticking on how much longer the National Flood Insurance Program will last, the Congressional Budget Office calculated the costs of one of the main bills in the running to update the program. This new bill will significantly turn around the current bill’s one-year shortfall of $1.4 billion. However, not everyone on the Financial Services committee is on board with the bill. …read more
From:: Real Estate Wire
President Donald Trump passed H.R. 601 Friday which granted relief to victims of Hurricane Harvey. U.S. Treasury Secretary Steven Mnuchin issued a statement Monday, supporting the decision and applauding the bipartisan support in creating the bill. …read more
From:: Real Estate Wire
The Dow Jones Industrial Average was trading firmly higher on Monday, aided by a pop in shares of Apple Inc., and Goldman Sachs Group. Shares of Goldman , up $4.04., or 1.8%, were contributing about 27 points to the price-weighted Dow . Apple Inc.’s shares added about 22 points, ahead of the Cupertino, Calif.-based tech giant’s latest iPhone on Tuesday. Goldman’s shares may be tied to a rise in yields, with the 10-year benchmark Treasury note at 2.11% from 2.05% late Friday in New York. Higher yields are bullish for banks’ lending models. A $1 move in any Dow component equates to a 6.89-point swing in the Dow. Overall , the market was enjoying a broad-based rally power by the financial sector and technology shares , both leading gains for the S&P 500 index . Most recently, the Dow was up 210 points, or 1%, at 22,008, the S&P 500 was 0.8% higher, while the Nasdaq Composite Index was looking at a gain of 1.2% at 6,433. The rally came in part as Hurricane Irma hit Florida with less force than expected and North Korea failed to conduct another nuclear missile test over the weekend, reviving investor appetite.
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