Jay Real Estate News
Tuesday Apr 14 | via Albany Times Union
In this Jan. 18, 2011 file photo, a pedestrian walks by a Wells Fargo bank branch in Los Angeles. Wells Fargo, the third-biggest U.S. bank by assets, said its first-quarter earnings fell slightly from the same period a year earlier, Tuesday, April 14, 2015. Comment?
Mar 25, 2015 | via National Mortgage News
MGIC Investment Corp. former Chief Executive Officer Curt Culver, who presided over an 85% stock-price decline during his tenure, received compensation valued at about $8 million for his last full year in the top job. Culver, 62, received a salary of $966,000 for 2014, stock awards of $2.42 million and incentive pay of $2.9 million, the Milwaukee-based mortgage insurer said March 24 in a filing. Comment?
Mar 1, 2015 | via Thanh Nein News
Economists expect Premier Li Keqiang to announce a growth target of around 7 percent for 2015, down from 7.5 percent last year. China showed its determination to combat a slowdown in the world's second-largest economy, cutting interest rates before a yearly gathering of the legislature where the Communist leadership typically unveils its goals for the year. Comment?
Feb 27, 2015 | 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?
Jan 29, 2015 | 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?
Friday Apr 24 | via Reuters
NEW YORK, April 24 The strong U.S. dollar, Colombian peso depreciation and slow growth in Latin American economies are not expected to be serious threats to the credit strengths of Colombia's largest private banks, says Fitch Ratings. In a strong dollar environment, Colombia's banks' primary currency exchange threat is local creditors needing to service debt and repay loans in foreign currencies when the creditors' primary source of income is in COPs. Comment?
Thursday Apr 23 | via Forbes.com
View From The MiddleTM showcases our expertise, insights and ability to put our knowledge to work for the small business, middle market and transportation sectors. Founded in 1908, CIT is a financial holding company with more than $35 billion in financing and leasing assets. Comment?
Thursday Apr 23 | via The Peninsula
The dollar jumped back above 120 yen on Thursday following a strong increase in US existing home sales, while traders keep a wary eye on Greece's long-running bailout talks. In Tokyo, the greenback bought 120.05 yen, up from 119.89 yen in New York and 119.54 yen in Tokyo earlier Wednesday. Comment?
Thursday Apr 23 | via Iol.co.za
The dollar was mixed on Thursday, with upbeat US housing data briefly lifting the unit above 120 yen, while traders keep an eye on Greece's long-running bailout talks. In Tokyo, the greenback eased to 119.75 yen from 119.89 yen in New York, but it is still up from 119.54 yen in Tokyo earlier on Wednesday. Comment?
Wednesday Apr 22 | via The Skanner
It is ironic that April is Fair Housing Month and the U.S. Senate has yet to schedule a vote on the nomination of the first Black woman to become the nation's Attorney General. Nominated on November 14, the nomination of Loretta Lynch has lingered longer than the seven previous attorneys generals combined. Comment?
7 min ago | via Yahoo!
Risks of mortgage defaults in Sydney and Melbourne are growing as soaring house prices are matched with bigger loans and deteriorating affordability, ratings agency Moody's warns. Housing affordability has eroded in Australia's two biggest cities during the past year, as house prices rose sharply while wages remained flat. Comment?
15 min ago | via Dallas Morning News
Being completely debt-free is the equivalent of a financial unicorn-the stuff of legends. But the loans that keep us in debt are not all created equal. Comment?
38 min ago | via Seward City News
Home stagers can make a number of small changes to a property that can dramatically shorten the time it spends on the real estate market while also increasing the final sales price. Home staging expert Debra Gould shares her five favorite tips for getting a house ready to sell: Imagine you're a homebuyer on a house-hunting mission. Comment?
51 min ago | via The Gleaner
In a judgment delivered on April 20, 2015 - JMMB Merchant Bank v The Real Estate Board  UKPC 16 - the UK Privy Council has clarified yet another issue involving the Real Estate Dealers and Developers Act . Although this ruling also concerns Section 31 of the act, which was considered in the case of J amaican Redevelopment Foundation Inc v The Real Estate Board  UKPC 28 , about which I wrote on September 8, 2014, this decision considered two additional points. Comment?
1 hr ago | via Seeking Alpha
Impac Mortgage Holdings stock is having one heck of a performance. With a current share price of $19.20, it is up 223% over the last year, 210% year-to-date, up nearly 100% since Seeking Alpha Contributor David Sims' IMH article barely a month ago, and even up 33% on Friday alone following a jaw-dropping earnings report. Comment?
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