Jay Real Estate News
Real Estate news for Jay, NY continually updated from thousands of sources.
Friday | via National Mortgage News
Ocwen Financial Corp., the mortgage servicer under attack for its handling of home loans, slumped the most in more than a month after receiving notices that it was being fired from overseeing debt backing two bond deals. The company's shares dropped 13% to $8.51 as of 12:48 p.m. in New York trading, the most since Jan. 23. Wells Fargo & Co., the trustee for the transactions, said in letters to investors this week that a majority of bondholders had directed it to terminate Atlanta-based Ocwen from working on the deals, which include about $260 million of loans, or less than 0.2% of its business related to mortgages without government backing, according to data compiled by Bloomberg. Comment?
Thursday Jan 29 | via TheStreet.com
NEW YORK -- Disappointing earnings reports from several high-momentum tech companies unnerved traders on Thursday, pushing the S&P 500 and Nasdaq into the red. shares. Comment?
Thursday Jan 29 | via TheStreet.com
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Jan 27, 2015 | via National Mortgage News
Home prices in 20 U.S. cities rose at a slower pace in the year ended in November, a sign the industry struggled to find momentum even amid low mortgage rates. The S&P/Case-Shiller index of property values increased 4.3% from November 2013 after rising 4.5% in the year ended in October , the group said Tuesday in New York. Comment?
Jan 26, 2015 | via National Mortgage News
Ocwen Financial Corp., one of the biggest U.S. mortgage servicers, rejected as "groundless" accusations by an investor group that the company's practices created defaults on home-loan bonds backed by debt it oversees. "Ocwen denies that there is any basis for a default under the trust agreements, and it will respond, at the appropriate time," according to a letter sent by Richard A. Jacobsen on behalf of Ocwen to Kathy Patrick of Gibbs & Bruns LLP, which represents the bondholders, and distributed by Globe Newswire. Comment?
Friday | via Business Wire
The report is available at 'www.fitchratings.com'. Additional information is avail... )--Apollo Commercial Real Estate Finance, Inc. today announced the Board of Directors set March 9, 2015 as the record date for the Compan... )--The New York Society of Security Analysts is saddened by the passing of Irving Kahn, a pioneering investor and original member of NYSSA. Comment?
Friday | via The Washington Post
The company's shares dropped 13 percent to $8.51 as of 12:48 p.m. in New York trading, the most since Jan. 23. Wells Fargo & Co., the trustee for the transactions, said in letters to investors this week that a majority of bondholders had directed it to terminate Atlanta-based Ocwen from working on the deals, which include about $260 million of loans, or less than 0.2 percent of its business related to mortgages without government backing, according to data compiled by Bloomberg. While the immediate financial impact is likely to be small, the action signals a risk of additional moves to fire Ocwen by investors or trustees, according to reports by Keefe Bruyette & Woods Inc. and Compass Point Research & Trading LLC analysts. Comment?
Wednesday Feb 18 | via Crain's New York Business
CREW New York, the largest group for professional commercial real estate women in New York City, will host its monthly luncheon with notable keynote speakers focusing on collaboration in the commercial real estate industry. Please join guest speakers Paul Massey, Ron Lo Russo and Robert A. Knakal as they discuss Cushman & Wakefield's successful acquisition of Massey Knakal and what it means for New York City's commercial real estate market. Comment?
Wednesday Feb 25 | via Mortgage News Daily
The Home Price Index report issued this week by Black Knight Financial Services shows the December national index at $241,000, a -0.1 percent change from November. The HPI has increased by 4.6 percent since December 2013, and is now 10.2 percent below the peak of $268,000 it stablished in June 2006. Comment?
Wednesday Feb 25 | via Seeking Alpha
Most community banks struggle for a sliver of market share. Outgunned by Wells Fargo and Bank of America, small financials have steadily lost to their far larger brethren. Comment?
5 min ago | via Ghanamma.com
Commenting at the signing ceremony in Accra, Chief Executive Officer of Ghana Home Loans, Mr Dominic Adu said: "We are pleased to close this facility with GHIB as it gives Ghana Home Loans a stronger platform to implement our strategy for expanded coverage for foreign currency denominated lending to cater for the needs of customers living abroad". The Chief Executive Officer of Ghana International Bank, Mr Joe Mensah noted that: "GHIB has established itself as a preferred lender to Ghanaian institutions and corporates," adding: "The successful closure of transactions in the country demonstrates the bank's commitment to its home market, Ghana and its desire to support various sectors of the Ghanaian economy." Comment?
22 min ago | via Independent.ie
NEW 'fast-track' insolvencies that allow rapid settlement of debts within months are giving new hope to thousands of desperate homeowners who cannot pay their mortgage. NEW 'fast-track' insolvencies that allow rapid settlement of debts within months are giving new hope to thousands of desperate homeowners who cannot pay their mortgage. Comment?
39 min ago | via The Reporter
Forrest comes with more than 25 years of experience in the financial services industry, including management assignments with Bank of America, US Bank, and Citicorp. He joins Adobe to continue the firm's success in serving the real estate lending needs of Vacaville and neighboring communities and will focus on specialized lending products, including reverse mortgages. Comment?
45 min ago | via Windsor Now
Weld County receives $113,934 in emergency food and shelter assistance; United Way of Weld County accepting applications for dispersal of funds The Emergency Food and Shelter Program was established in 1983 to supplement the capacity of local agencies in providing emergency food and shelter to households facing a crisis situation. The program is overseen by a national board, chaired by the Federal Emergency Management Agency, that consists of representatives of the American Red Cross, Catholic Charities USA, The Jewish Federations of North America, The National Council of the Churches of Christ in the USA, The Salvation Army and United Way Worldwide. Comment?
47 min ago | via Independent.ie
The more than 200,000 homeowners who are still in negative equity are the only ones who can escape the Central Bank's new lending rules. Borrowers in negative equity applying for a new mortgage are not bound by the rules which prevent second-time buyers from borrowing more than 80pc of the value of a home - or more than three-and-a-half times their income. Comment?
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