Foreclosures | Mortgages | Financing
Most mortgage professionals know that the client feels a sense of loyalty to the first person they speak with. When they establish themselves as the first contact, loan officers gain a critical sales advantage. In fact, speed-to-call is the single largest driver of conversion for new customer leads.
Studies show that returning a call from a new customer within the first 30 minutes produces an average of a 62% increase in conversion rates. …read more
From:: Real Estate Wire
By swheeler@housingwire.com In any given month, Customer Care fields over 50,000 in-bound calls, makes more than 8,000 outbound calls, and coordinates upwards of 10,000 chats and emails from buyers with feedback that is valuable for us to know and share with sellers. Additionally, Customer Engagement’s VIP buyer team helps 1,200 of the top buying customers, who purchase multiple properties during any given month or year, find the best properties that match their portfolios. …read more
From:: Real Estate Wire
Shares of Micron Technology Inc. rose slightly after-hours Thursday after the chip maker reported earnings for the third quarter. Micron reported net income of $1.6 billion, or $1.40 per share, after reporting a loss of $215 million, or 21 cents per share during the same period a year ago. Adjusted earnings per share came in at $1.62, above FactSet consensus of $1.52. Revenue for the quarter hit $5.6 billion, up from $2.9 billion in the year earlier and just above FactSet’s $5.4 billion consensus. “The global trends taking shape today, including machine learning and big data analytics, are exciting and create significant opportunities for Micron,” said Chief Executive Sanjay Mehrotra in a statement. “We are focused on positioning the company to realize these opportunities by investing in technology and products while also strengthening our balance sheet.” Shares of Micron Technology have gained nearly 44% in the year to date, while the S&P 500 index is up 8% in the 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
The former president of a failed bank will spend more than the next five years in prison after being convicted of perpetrating a bank fraud scheme that involved covering up mortgage loans that were in default. In part due to that deception, GulfSouth Private Bank received $7.5 million in federal Troubled Asset Relief Program, but the bank failed anyway. …read more
From:: Real Estate Wire
Two years ago, Altisource Residential’s portfolio of single-family rental homes checked in at 777 homes. Now, thanks to a new deal with Amherst Holdings, Altisource’s SFR portfolio is more than 10,000 homes. …read more
From:: Real Estate Wire
Shares of American Outdoor Brands Corp. skidded in Thursday’s extended session after the gunmaker issued a weak outlook for fiscal 2018. American Outdoor Brands reported its fiscal fourth-quarter earnings fell to $27.7 million, or 50 cents a share, from $35.6 million, or 63 cents a share, a year earlier. On an adjusted basis, the company previously known as Smith & Wesson, would have earned 57 cents a share. Revenue rose to $229.2 million from $221.1 million. Analysts surveyed by FactSet had projected earnings of 37 cents a share on revenue of $211 million. American Outdoor Brands projected first-quarter earnings per share of 7 cents to 12 cents while revenue is expected in a range of $140 million to $150 million. For fiscal 2018, the company forecast EPS of $1.42 to $1.62 and revenue of $750 million to $790 million, undershooting Wall Street’s average EPS estimate of $1.61 and $827.8 million in revenue. Shares plunged 8.1% after hours.
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
Ten-X released its latest report, forecasting a monthly and annual drop in existing home sales in June. The report showed home prices will continue to increase, but as long as the labor market remains strong and wages continue to increase, the housing market will remain on solid footing. …read more
From:: Real Estate Wire
Shares of Nike Inc. were climbing 3% after the market closed Thursday after the company beat fourth-quarter earnings expectations. Nike reported net income of $1.01 billion, or 60 cents per share, up from $846 million, or 49 cents per share, in the year-earlier period. The FactSet consensus was for earnings per share of 50 cents. Nike reported revenue of $8.7 billion, up from $8.2 billion in the year-earlier period and above the FactSet consensus of $8.6 billion. Shares of Nike have fallen 6% in the past three months, while the S&P 500 has gained 2.5%.
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
Twitter Inc. is exploring the addition of a feature that would allow users to flag news items that contain “misleading, false or harmful information,” according to a Washington Post report. The feature is in a prototype phase and may never be released. A Twitter spokesperson told The Washington Post that there aren’t any plans to launch the feature, but they are working to address issues with fake news stories, which polls show are a concern for Americans. Twitter shares are up 8.3% for the year so far while the S&P 500 index is up 8.1% for the period.
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
Shares of Micron Technology Inc. fell more than than 2% after the chip maker reported third-quarter profit that was below Wall Street expectations. Micron reported net income of $1.6 billion, or $1.40 per share, after reporting a loss of $215 million, or 21 cents per share during the same period a year ago. The FactSet consensus for earnings per share was $1.52. Revenue for the quarter hit $5.6 billion, up from $2.9 billion in the year earlier and just above FactSet’s $5.4 billion consensus. “The global trends taking shape today, including machine learning and big data analytics, are exciting and create significant opportunities for Micron,” said Chief Executive Sanjay Mehrotra in a statement. “We are focused on positioning the company to realize these opportunities by investing in technology and products while also strengthening our balance sheet.” Shares of Micron Technology have gained nearly 44% in the year to date, while the S&P 500 index is up 8% in the 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