June 19, 2013
The historically low interest rates stemming from federal economic recovery efforts negatively affect seniors' annuity investments, but the impact on reverse mortgages presents a silver lining, suggests research recently published by the Boston College ...
- *Shares tumble after Fed chief signals stimulus could be pared back. *Adobe, FedEx rise after results; Sprint tumbles. NEW YORK, June 19- U.S. stocks fell more than 1 percent on Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank would start to reduce its stimulus measures later this year if the economy is strong enough.
- NEW YORK, June 19- Benchmark U.S. Treasury yields surged to their highest levels in 15 months on Wednesday as Federal Reserve Chairman Ben Bernanke suggested the U.S. central bank was prepared to reduce bond purchases if its economic outlook proves correct, even though the U.S. economy remained stuck at a sluggish pace.
Home Loan Servicing Solutions plans to acquire mortgage servicing assets from Ocwen using proceeds from a 12.5-million share offering.
Roger A. Cregg, AV Homes’ president and CEO, said the investment will allow the company to pursue new opportunities in its core markets in line with the company’s long-term strategy.
On Tuesday, industry experts met to discuss the qualified mortgage rule before the House Financial Services Subcommittee...
- *Fed says risks to growth, jobs have lessened since fall. WASHINGTON, June 19- Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. economy is expanding strongly enough for the central bank to begin slowing the pace of its bond-buying stimulus later this year.
Yields on agency MBS rose to the highest in more than 14 months as the Fed said risks to the economy have decreased, fueling speculation it will reduce the pace of its bond buying program.
...http://www.bloomberg.com/news/2013-06-19/mortgage-bond-yields-jump-to-14-month-high-on-fed-statements.html- Fed Chairman Bernanke spoke out about when the monthly pace of purchases might be moderated. CNBC's Maria Bartiromo shares her observation.
The owner of the Woolworth Building has made a $2 billion bid to buy the storied Empire State Building — an apparent effort to thwart the Malkins’ plan to make the storied building part of a REIT.
http://commercialobserver.com/2013/06/ruby-schron-offers-2-b-for-empire-state-building/...
