GE Gets Wrapped Up in FHFA Litigation With Banks (GE)
It is not just the banks getting wrapped up in this latest FHFA litigation notice. General Electric Co. (NYSE: GE) has issued a release this morning showing that it was also caught up in…
Housing
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Newest first · Page 183Are High-Yield Mortgage Dividend REITs Doomed? (NLY, AGNC, HTS, CIM, IVR, RWT, PMT, DX, ARI, STWD, CLNY, CXS, MORT)
There was a development this week in the land of the high-yielding mortgage REITs. Wealthy and income oriented investors have been flocking to these for years because of their high dividends which are often…
After Hurricane Irene, Tropical Storm Katia Poses Next Threat (ALL, TRV, CB, ALL, BRK-B, RE, PRE, CRD-B, LOW, HD)
The worst part about hurricane season is that one bad hurricane has no impact on whether or not another hurricane, or series of hurricanes, can be coming back down the pipe. If you track…
All Top 20 US Real Estate Markets Show Year-Over-Year Declines
All 20 major US markets showed year-over-year home price declines during June. The drop was led by Minneapolis where prices fell 10.4%. Prices in Portland were off 9.6%. In Phoenix they fell 9.3%. Price…
The Hottest International Housing Markets
Even as the value of residential real estate around the developed world continued its multi-year plunge in the second quarter, some countries bucked the trend. In seven national markets, housing values rose by more…
Drop in Pending Homes Sales Still Matters
The National Association of Realtors is out with yet one more dangerous piece of news for the housing sector, news which leaves many wondering if housing will ever return. Pending home sales declined in…
Company Winners & Losers Expected From Hurricane Irene (ALL, TRV, CB, BRK-A, DUK, D, ETR, AWK, VZ, HD, LOW, URI, PPG, BECN, IBI, BGG, GNRC, CRD-B, CLH, NYX, NDAQ)
Will Hurricane Irene cost the United States $10 billion? $15 billion? Or even more? It really depends upon whom you speak with on this front. The expected damage count is growing now that the…
More Housing Trouble as Banks Seek to Sell Foreclosed Inventory
Any home sale is a good one in the current market, but banks’ sales of foreclosed properties bring down prices. These sales are still a major part of the market. According to RealtyTrac, “sales…
After Toll’s Report, Housing Market Still Sick (TOL, NVR, PHM, MHO, RYL, DHI, BZH, XHB)
Homebuilder Toll Brothers, Inc. (NYSE: TOL) reported third fiscal quarter earnings this morning, managing to post EPS of $0.25 on revenue of $394 million. Analysts were expecting EPS of $0.03 on revenue of $404…
Foreclosure Market Gets More Complicated
Most data about the housing market shows that foreclosures and delinquencies are up. Yet, other information contradicts that. RealtyTrac said foreclosures fell to a multimonth low in July. Its CEO said that is temporary,…
Lowe’s Joins Big Box Buyback Parade (LOW, HD, WMT, TGT, COST, BBY, AAPL)
Shares in home improvement store Lowe’s Companies, Inc. (NYSE: LOW) were trading higher by around 3% in the pre-market this morning on news that the company will initiate a $5 billion stock repurchase plan.…
The Eight Ways The Market Collapse Will Cripple Your Finances
Those who don’t invest in the stock market would like to pretend stock market crashes don’t concern them, but the truth is that they do. It’s not only those who actively trade who lose…
States Where No One Wants To Buy A New Home
There is a strong indication that home builders have almost ceased activity in several states as demand for newly built homes has dwindled. The slowdown in new home permits is particularly stark when compared…
New Mortgage REIT ETF Highlights Double-Digit Dividend Yields (MORT, NLY, AGNC, CIM, MFA, HTS)
Investors now have yet one more option to choose from when it comes to investing in mortgage REITs. Van Eck Global has now launched the Market Vectors Mortgage REIT Income ETF (NYSE: MORT) as…
Home Depot Upstages Lowe’s When It Comes to Earnings (HD, LOW)
The Home Depot, Inc. (NYSE: HD), like its competitor Lowe’s Companies Inc. (NYSE: LOW), managed to beat EPS estimates by a bit, but, unlike its competitor, Home Depot also beat on revenues and raised…