Foreclosures | Mortgages | Financing
The FHA announced a new plan to reduce multifamily insurance rates in order to encourage capital financing of affordable and energy-efficient apartments. This marks a major move from the government to support energy efficiency, which has been gaining momentum in the industry. …read more
From:: Real Estate Wire
Walgreens Boots Alliance Inc. said Thursday it has informed startup Theranos Inc. that it will immediately stop using its Newark, Calif. lab for blood test analysis. Walgreens said the move comes in the light of a letter from the Centers for Medicare and Medicaid Services to Theranos that found practices that it said “pose immediate jeopardy to patient health and safety.” The CMS said an inspection completed in November found five major infractions that violate the federal law on clinical labs, The Wall Street Journal reported. Walgreens said it is suspending Theranos laboratory services at its Palo Alto, Calif. store, with immediate effect.
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
Redemption requires timely and reasonable cooperation by the purchasers, the same purchasers that the servicers have been litigating with for the last several years. As a result, exercising the right of redemption could very well lead the servicer into quiet title litigation, again. Here’s what you need to do. …read more
From:: Real Estate Wire
The recent buyer of the former Bertram Yacht property on the Miami River has been hit with a $16 million foreclosure lawsuit.
Birch Commercial Mortgage, an affiliate of San Francisco-based Alecta Real Estate Investment, filed the foreclosure lawsuit on Jan. 25 against Interterra Investments Group and Intermarine Investments. It concerns a mortgage issued for $16 million in August 2015 that allegedly went into default on Jan. 22.
Horacio Stuart Aguirre, who represents the property owner, said he’s… …read more
From:: biz journal foreclosures
After a series of declines, pending home sales, while small, posted a slight increase largely fueled by a surge in the Northeast. On a positive side, NAR’s chief economist, said that the silver lining from the market turmoil in recent weeks is the fact that mortgage rates have stayed low. …read more
From:: Real Estate Wire
After a series of declines, pending home sales, while small, posted a slight increase largely fueled by a surge in the Northeast. On a positive side, NAR’s chief economist, said that the silver lining from the market turmoil in recent weeks is the fact that mortgage rates have stayed low. …read more
From:: Real Estate Wire
U.S. Century Bank wants to seize three downtown Homestead properties that belong to an affiliate of shuttered Dade Medical College.
The for-profit college owned by Ernesto A. Perez abruptly closed on Oct. 30, 2015, leaving more than 2,000 students without classes to finish their degrees and hundreds of employees without jobs. Soon after, Perez pleaded guilty to campaign finance violations and is currently serving house arrest.
On Jan. 22, U.S. Century Bank filed a foreclosure lawsuit against Florida… …read more
From:: biz journal foreclosures
Delegates from the Organization of the Petroleum Exporting Countries on Thursday said there were no plans to hold talks with Russia over potential production cuts, Bloomberg reported. Oil futures gave back a large chunk of the sharp rally scored earlier in the session on talk Russia and OPEC would meet next month to coordinate policy. West Texas Intermediate futures for March delivery on the New York Mercantile Exchange were up 92 cents, or 2.8%, at $33.21 after trading as high as $34.82 in earlier activity. April Brent crude on the ICE exchange was up $1.15, or 3.4% at $35.09 a barrel after trading as high as $36.77.
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
Mortgage rates once again moved lower amid continuous market turmoil. This marks the fourth consecutive week that mortgage rates moved lower. Last week, rates also fell due to market turbulence driving investors to Treasuries. …read more
From:: Real Estate Wire
Natural-gas futures pared some of its earlier losses on Thursday after the U.S. Energy Information Administration reported that supplies of the commodity declined by 211 billion cubic feet for the week ended Jan. 22. That was more than the decline of between 204 billion cubic feet and 208 billion cubic feet expected by analysts polled by Platts. Total stocks now stand at 3.086 trillion cubic feet, up 530 billion cubic feet from a year ago and 432 billion cubic feet above the five-year average, the government said. March natural gas was at $2.134 per million British thermal units, down 2.3 cents, or 1.1%. Prices traded $2.113 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