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47 MINS AGO - National Mortgage News

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Second Liens Grow Again as Other Mortgage Lending Dwindles

Home price gains have caused borrowers to turn to second liens to access cash for home improvement or other needs as higher interest rates damp first lien originations.

Tags: Second Liens Grow Again as Other Mortgage Lending Dwindles,  Interest Rates Latest News

38 MINS AGO - TheStreet

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Why Ocwen Financial (OCN) Stock Is Declining Today

NEW YORK (TheStreet) -- Ocwen Financial shares are down -9.4% to $31.40 on Thursday after reporting second quarter net income of $67 million, or 48 cents per diluted share, that was 30 cents lower than analysts were expecting, on revenue of $553.1 million, that was ahead of analysts $549.4 million guidance."Our normalized pretax earnings were lower in the quarter as ...

Tags: Why Ocwen Financial (OCN) Stock Is Declining Today,  Interest Rates Latest News

1 HOUR AGO - MSNBC

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Stocks Drop on Europe Fears, Argentina Default

Stocks dropped over 1 percent, as a fall in European inflation fueled worries about deflation there amid concerns the Fed will hike interest rates soon

Tags: Stocks Drop on Europe Fears, Argentina Default,  Interest Rates Latest News

1 HOUR AGO - TheStreet

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The Curious Job of the Fed: Create Employment or Curb Inflation?

NEW YORK (TheStreet) -- The Federal Reserve's job is coming under scrutiny. Again. As economists expect the Bureau of Labor Statistics on Friday to show that the U.S. economy added more than 200,000 jobs for a sixth straight month, an encouraging trend, some observers and analysts are chirping that the Fed under Chairman Janet Yellen is focusing excessively on employment ...

Tags: The Curious Job of the Fed: Create Employment or Curb Inflation?,  Interest Rates Latest News

1 HOUR AGO - TheStreet

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Economic Growth Is Increasing but Don't Expect Stocks to Ride With It

NEW YORK (TheStreet) -- The economy is now really, seriously beginning to move --but it may mean less for the stock market than you think. At least, in the short term, Wednesday's report the economy grew at a 4% annual pace in the second quarter backed up all manner of bullish predictions -- that growth this year could still get ...

Tags: Economic Growth Is Increasing but Don't Expect Stocks to Ride With It,  Interest Rates Latest News