Ocwen Chairman Erbey resigns as company admits misconduct

Ocwen Chairman Erbey resigns as company admits misconduct

Company to pay $150 million to homeowners

Existing home sales collapse 6.1% in November

Tumble comes amid record low declining rates, prices

Monday Morning Cup of Coffee: Oil’s crash will impact MBS market

Mortgage fraud is still a problem, plus the gift of housing metrics
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Items Tagged with 'Lowe's'

ARTICLES

Housing economy stocks shed negative Syria sentiment

Dow Jones, S&P 500 and Nasdaq also showed improvement
Megan Hopkins
The HW 30 ended the day on a positive note, up 0.28%, with a majority of the components showing improvement. The markets opened higher, though most notably the Dow Jones slid on fears of a conflict in Syria.
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HW 30 stocks shaken by volatile rates, economic reports

mREITS stay in positive territory
Megan Hopkins
The majority of the HW 30 components dipped slightly on Tuesday after the S&P/Case-Shiller home price report implied a definite slowing in home price growth. However, mREIT stocks bucked this trend, ending the day on a positive note.
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Home Depot stock takes off

Lowe's falls behind its competitor
Megan Hopkins
When home retailer stocks, including Lowe’s and Home Depot, dipped slightly last week, Barclays predicted a firm rebound, and a rebound it has gotten.
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Homebuilder stocks struggle on new home sales report

Analysts anticipate firm rebound for building product stocks
Megan Hopkins
The new home sales report released Friday morning by the Census Bureau and the Department of Housing and Urban Development created chaos for many homebuilder stocks, according to the HW 30.
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Lowe’s earnings jump 26%

Retailer beats analyst estimates
HousingWire Staff
Home improvement giant Lowe’s surpassed second-quarter expectations, posting a 26% jump in earnings.
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Retailer earnings surge on recovering housing market

Home Depot and Lowe's both expecting growth
Megan Hopkins
Home Depot might not have appeared too pretty on the stock market Tuesday, but nobody was pointing fingers at its second-quarter earnings report.
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Homebuilders posed for pullback

Recent activity on Wall Street indicates sector weakness
HousingWire Staff
It doesn't look good for homebuilders share prices in the near term. Recent action in the iShares Dow Jones US Home Construction fund indicates weakness in the sector and these stocks are starting to break down.
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Lowe's 1Q profit up, 2012 outlook down

Jessica Huseman
Lowe's [stock LOW][/stock] first quarter profit was 14% higher year-over-year due to unseasonably warm weather in the quarter, but the company lowered expectations for 2012 in...
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Lowe's Ventures into the Land Down Under

Diana Golobay
US home improvement chain Lowe's [stock LOW][/stock] partnered with Australia's largest retailer, Woolworths Limited, to develop a network of stores in the land down under. "The Australian love of property and high levels of home ownership mean that maintaining and improving homes is an important part of everyday life," said Michael Luscombe, Woolworths' chief executive, in a joint release.
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One in Four Homeowners Holds an Empty Piggy Bank

Kelly Curran
Fueling increased anxiety over potential job loss, one in four -- or 24% of -- homeowners don't have any money in savings to cover living expenses should they lose their income, according to a Wells Fargo & Company [stock WFC][/stock] quarterly survey. The number of respondents indicating job loss as their top concern increased from 21% in fourth-quarter 2008 to 29% in the first quarter of 2009. Respondents also expressed a stronger desire to increase savings while reducing debt -- and to do so quickly.
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