Foreclosures | Mortgages | Financing
Better Mortgage, an online mortgage lender, is now offering borrowers a guarantee that its mortgage is cheaper than any other lenders’ options, and the lender is putting its money where its mouth is. Better Mortgage now guarantees that it will beat any competitor’s loan estimate by $1,000. If not, Better will give the borrower $1,000. …read more
From:: Real Estate Wire
FedEx Corp. said Wednesday that its TNT Express subsidiary was “significantly affected” by an information systems “virus.” The package delivery giant said that while TNT’s operations and communications systems were disrupted by the virus, it is not aware of any data breach. TNT Express had revenue of $1.91 billion in fiscal 2017, representing 12.2% of FedEx’s total revenue of $15.7 billion. FedEx’s stock has resumed trade after a halt, and was up 0.8% in midday trade. It has climbed 16% year to date, while the Dow Jones Transportation Average has gained 5.3% and the S&P 500 has advanced 9.0%.
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
With refinance activity leading the way, a weekly decline was reported for the number of prospective borrowers who initiated the home-loan process.
The Market Composite Index for the week that concluded on June 23 retreated 6 percent on a seasonally adjusted basis from the previous week.
Disregarding seasonal factors, the index — a measure of retail residential loan application volume — descended 7 percent from the prior report.
From:: Financing
U.S. stock-market indexes on Wednesday traded higher, with equities attempting to rebounding from a technology-led downdraft in the previous session. A Senate delay of a closely watched vote on a bill to overhaul of the Affordable Care Act, known as Obamacare, until after July 4, has raised some questions about President Donald Trump’s ability to advance his pro-business and market-boosting agenda, headlined by tax cuts, deregulation and a boost to spending on infrastructure. The Dow Jones Industrial Average climbed 0.8% at 21,478, the S&P 500 index rose 0.9% at 2,440, while the Nasdaq Composite Index gained 1% at 6,207, as the tech-laden benchmark tried to avoid three straight down days, and its first monthly drop since October. In the prior session, tech shares pitched sharply lower, with the biotech-oriented iShares Nasdaq Biotechnology ETF suffering its largest daily drop since March 21, and the health-care focused Health Care Select Sector SPDR ETF notching its steepest one-day drop since May 17, according to FactSet data. Technology stocks have been the centerpiece of what has been a mulitmonth rally in U.S. stocks. Also Tuesday, global investors digested comments from European Central Bank boss, Mario Draghi, whose remarks were interpreted as less hawkish than previously, pushing the euro to a 10-month high against the dollar and jolting yields on government paper up, including the 10-year Treasury note . On the corporate front, the market is anticipating the public listing of meal-kit maker Blue Apron Holdings Inc. .
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 Federal Open Market Committee voted to raise the federal funds rate for the second time this year in its June meeting, but not all committee members were on board with the decision. As the only dissenting vote the past two times the FOMC elected to increase interest rates, Federal Reserve Bank of Minneapolis President Neel Kashkari explains his reasoning. …read more
From:: Real Estate Wire
Shares of Nutanix Inc. were soaring 10% Wednesday after Alphabet Inc. said it had formed a partnership with the software company, according to CNBC. Nutanix pioneered a technology for businesses called hyperconvergence, which consolidates storage and servers. The first move under the partnership will be to move applications from physical data centers to Google Cloud, CNBC reported. Shares of Alphabet were down less than 1% Wednesday. Nutanix shares have gained 8% month-to-date, compared to the S&P 500’s gain of 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
Home Point Financial Corp. only recently wrapped up its acquisition of Stonegate Mortgage Corp., significantly growing its lending operations. However, its plans for growth don’t end there. The lender announced it is now expanding its third party origination channel. …read more
From:: Real Estate Wire
President Donald has accepted French President Emmanuel Macron’s invitation to visit France on Bastille Day, the White House said Wednesday. The White House said the president “looks forward to reaffirming America’s strong ties of friendship with France, to celebrating this important day with the French people, and to commemorating the 100th anniversary of America’s entry into World War I.”
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-market indexes Wednesday traded higher, with equities attempting to rebounding from a technology-led downdraft in the previous session. A Senate delay of a closely watched vote on a bill to overhaul of the Affordable Care Act, known as Obamacare, until after July 4, has raised some questions about President Donald Trump’s ability to advance his pro-business and market-boosting agenda, headlined by tax cuts, deregulation and a boost to spending on infrastructure. The Dow Jones Industrial Average climbed 0.7% at 21,449, the S&P 500 index rose 0.8% at 2,437, while the Nasdaq Composite Index gained 0.8% at 6,196 in early trade, as the tech-laden benchmark tried to avoid three straight down days, and its first monthly drop since October. In the prior session, tech shares pitched sharply lower, with the biotech-oriented iShares Nasdaq Biotechnology ETF suffering its largest daily drop since March 21, and the health-care focused Health Care Select Sector SPDR ETF notching its steepest one-day drop since May 17, according to FactSet data. Technology stocks have been the centerpiece of what has been a mulitmonth rally in U.S. stocks. Also Tuesday, global investors digested comments from European Central Bank boss, Mario Draghi, whose remarks were interpreted as less hawkish than previously, pushing the euro to a 10-month high against the dollar and jolting yields on government paper up, including the 10-year Treasury note . On the corporate front, the market is anticipating the public listing of meal-kit maker Blue Apron Holdings Inc. .
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 prices seesawed Wednesday between modest gains and losses, after data from the U.S. Energy Information Administration showed that domestic crude supplies rose by 100,000 barrels for the week ended June 23. That defied forecasts for a decline of 3.25 million barrels by analysts surveyed by S&P Global Platts, but came in below the increase of 851,000 barrels reported by the American Petroleum Institute. Gasoline stockpiles fell by 900,000 barrels, while distillate stockpiles also declined by 200,000 barrels last week, according to the EIA. August crude was up 11 cents, or 0.3%, to $44.35 a barrel on the New York Mercantile Exchange. It traded at $44.28 before the supply 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