Foreclosures | Mortgages | Financing
WASHINGTON (MarketWatch) – Two Navy boats with as many as 10 sailors are being held by Iran but will be returned soon, according to the Associated Press. Pentagon spokesman Peter Cook told AP it has received assurances that the crew and vessels will be returned “promptly.”
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From:: Stock Market News
By Cindy Barth
CoreLogic released its national foreclosure report on Tuesday, and Florida is among five states with the highest number of completed foreclosures for the 12 months ending in November.
On a month-over-month basis, completed foreclosures nationwide decreased by 10.9 percent to 33,000 in November from the 38,000 reported in October. As a basis of comparison, before the decline in the housing market in 2007, completed foreclosures averaged 21,000 per month nationwide between 2000 and 2006.
However,… …read more
From:: biz journal foreclosures
Oil futures extended their 2016 plunge, with the U.S. benchmark trading below $30 a barrel for the first time since December 2003. West Texas Intermediate oil for February delivery on the New York Mercantile Exchange were down $1.16, or 3.7%, at $30.25 a barrel after dipping as low as $29.93. A global oil glut, concerns about the global economy and a strengthening dollar have allowed crude to extend its slide into the new year. WTI futures have dropped more than 18% in the first six trading days of 2016.
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
Gold futures ended lower Tuesday as the yellow metal was weighed down by strength in the U.S. dollar. February gold fell $11, or 1%, to $1,085.20 an ounce, marking its third straight session of declines. The dollar ICE U.S. Dollar Index , a measure of the dollar against a basket of currencies, advanced 0.3%, which put pressure on dollar-denominated commodities. A stronger buck makes assets priced in the currency more expensive to buyers using other monetary units.
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
Wal-Mart Stores Inc. is recalling 330,000 Rival brand griddles because they pose an electrical shock hazard, according to the Consumer Product Safety Commission (CPSC). The heating element in the griddles can crack, according to the CPSC, which could lead to shocks if water gets inside while it’s plugged in. The griddles were sold at Walmart stores nationwide and online between July 2015 and Dec. 2015 for about $20. There have not been any injuries or incidents reported, the CPSC said. Consumers are advised to unplug and cease using their griddles and return them to Walmart for a refund.
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 numbers are in for the first full week of the year, with appraisal volume starting off on a high note and surging to 35%. However, this is still a little shy of the average recovery for the first week of the year. …read more
From:: Real Estate Wire
A trio of California foreclosure rescue companies targeted Hispanics with fake loan modifications, offering the false promise of mortgage relief in exchange for thousands of dollars, the Department of Housing and Urban Development alleged Tuesday. …read more
From:: Real Estate Wire
Kindred Healthcare Inc. said on Tuesday it will pay $125 million, plus interest, to settle a Department of Justice investigation of its RehabCare Group Inc. unit. Kindred expects to make the payment during the first-quarter of 2016. The healthcare company had already recorded a loss reserve of $125 million related to the DOJ investigation, and has recorded an additional $2 million fourth-quarter loss reserve to cover additional costs. The settlement relates to allegations that RehabCare, which Kindred acquired in June 2011, provided rehabilitation therapy services to patients in nursing centers were not delivered or billed in accordance with Medicare requirements. RehabCare agreed to the settlement without any admission of wrongdoing. Kindred’s stock, which slumped 2.3% in midday trade, has tumbled 31% over the past three months, while the S&P 500 has lost 4.5%.
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
By Cindy Barth
CoreLogic released its national foreclosure report on Tuesday, and Florida is among five states with the highest number of completed foreclosures for the 12 months ending in November.
On a month-over-month basis, completed foreclosures nationwide decreased by 10.9 percent to 33,000 in November from the 38,000 reported in October. As a basis of comparison, before the decline in the housing market in 2007, completed foreclosures averaged 21,000 per month nationwide between 2000 and 2006.
However,… …read more
From:: biz journal foreclosures
One year after the comment period for the rule closed, the Federal Housing Finance Agency has released its final rule amending the regulation on Federal Home Loan Bank membership. …read more
From:: Real Estate Wire