This stately (fire-resistant) brick house is priced to move …read more
From:: DIY this old house
It’s official: Original NMS servicers pass final metric tests
The original servicers of the National Mortgage Settlement finished the final metric tests, marking the completion of the NMS rules for the servicers. After lot of tests and oversight, these five banks undertook more than 630,000 transactions and provided borrowers with more than $50 billion in consumer relief. …read more
From:: Real Estate Wire
SunEdison tanks after company suspends dividend
Shares of SunEdison Inc. skidded late Wednesday after the solar developer said it has suspended quarterly dividends on its preferred shares. The payments will accrue in arrears and the board will reassess its dividend policy going forward, SunEdison said in a statement. The company had announced plans to restructure its business last month amid an ongoing weakness in the energy market. Shares plunged 12% in after-hours trading after jumping 19% in the regular session.
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
No, this is not the end of refinance mortgage applications
While the market saw a decline in mortgage applications during February, economists do not believe the trend will continue. Influenced in part by the seasonal market, as the job market improves, economists believe the housing market will continue to steadily increase throughout 2016. …read more
From:: Real Estate Wire
Former Fannie Mae CEO to face SEC charges for subprime mortgages
Daniel Mudd, the former CEO of Fannie Mae, must face a civil trial over charges that he misled investors about the GSE’s exposure to subprime loans prior to the financial crisis. While other Fannie executives recently announced a settlement, the ending is still unwritten for Mudd, with evidence possibly showing that he knew what he was doing was false. …read more
From:: Real Estate Wire
Sina reports drop in quarterly earnings, expects yuan to drop 8.5% in 2016
Sina Corp. late Wednesday reported its fourth-quarter earnings fell to $14.6 million, or 21 cents a share, from $59.8 million, or 90 cents a share, a year earlier. On an adjusted basis, the Chinese online company would have earned 35 cents a share. Revenue rose 21% to $256.2 million. Analysts surveyed by FactSet had forecast earnings of 35 cents a share on revenue $244 million. For 2016, Sina projected revenue in a range of $850 million to $950 million, based on the assumption that the yuan will depreciate against the dollar by 8.5%. The company also plans to buy back up to $500 million of its shares by the end of June 2017. Shares of Sina fell 4.9% in after-hours trading.
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
Hess names James Quigley as new chairman
Hess Corp. said late Wednesday that Chairman Mark Williams has retired effective immediately due to health reasons. To succeed Williams, the board chose James Quigley, former chief executive of Deloitte and current board member, as chairman. Shares of Hess rose 0.2% to $47 in after-hours activity.
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
Hess names James Quigley as new chairman
Hess Corp. said late Wednesday that Chairman Mark Williams has retired effective immediately due to health reasons. To succeed Williams, the board chose James Quigley, former chief executive of Deloitte and current board member, as chairman. Shares of Hess rose 0.2% to $47 in after-hours activity.
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
Hess names James Quigley as new chairman
Hess Corp. said late Wednesday that Chairman Mark Williams has retired effective immediately due to health reasons. To succeed Williams, the board chose James Quigley, former chief executive of Deloitte and current board member, as chairman. Shares of Hess rose 0.2% to $47 in after-hours activity.
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 score a third straight session of gains
Oil futures finished higher on Wednesday, rising for a third session in a row. After falling in the immediate wake of weekly U.S. government data showing a 10.4 million-barrel climb in crude inventories, prices turned higher, buoyed by the fall in domestic output and expectations for further production declines. “The fundamentals remain poor, but sentiment is a bit more focused upon the future, for now,” said Richard Hastings, macro strategist at Seaport Global Securities. April West Texas Intermediate crude rose 26 cents, or 0.8%, to settle at $34.66 a barrel on the New York Mercantile Exchange, holding ground at the highest levels since early January.
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