Items Tagged with 'NYSE'

ARTICLES

  • MERS, NYSE owner Intercontinental Exchange increases mortgage presence by buying Simplifile

    Completes $335 million purchase of electronic document platform
    Intercontinental Exchange, the parent company of the New York Stock Exchange, moved into mortgages in a big way last year when the company bought MERS. And now, ICE is increasing its presence in the mortgage business. ICE announced Wednesday that it has acquired Simplifile, which acts as an electronic liaison between lenders, settlement agents, and county recording offices, for $335 million.
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  • Monday Morning Cup of Coffee: Mortgage payments set to jump in 2019

    Interest rate increase could add to affordability problems facing homebuyers
    Rising rates could cause mortgage payments to increase up to 8.4% in 2019, adding to an already problematic affordability issue for homebuyers across the nation, according to the S&P Global Ratings’ latest housing market update. Plus, two celebrities settle with the SEC after not disclosing paid promotions involving an allegedly fraudulent initial coin offering.
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  • NYSE parent company ICE acquires MERS

    ICE buys remaining stake in mortgage registry
    Intercontinental Exchange, the parent company of the New York Stock Exchange, is now also the parent company of MERSCORP Holdings, as the companies announced Friday that ICE has acquired all of MERS.
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  • Walter Investment could be booted from NYSE for low stock price, market cap

    Nonbank receives delisting notice after market cap stays well below $50 million
    On July 14, 2017, Walter Investment Management Corp. disclosed that it received a notice from the New York Stock Exchange after the company’s shares closed at an average price of less than $1 for a consecutive 30 trading-day period. Walter’s stock closed at $0.77 that day, and since then, things haven’t gotten any better. In fact, they’ve gotten much worse – so much so that Walter is now at risk of being kicked off the NYSE.
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  • Walter Investment hit with NYSE warning after shares stay below $1

    Shares traded at less than $1 for one month
    On Dec. 5, 2016, Walter Investment Management Corp.’s stock closed at $7.35. Since then, the nonbank’s stock dropped precipitously. So much so, in fact, that the stock is now trading well below $1 and the NYSE issued a warning stating the company is no longer in compliance with the stock exchange’s rules.
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  • [Video] HUD Secretary Ben Carson rings NYSE closing bell

    In honor of National Homeownership Month
    U.S. Department of Housing and Urban Development Secretary Ben Carson is continuing to promote National Homeownership Month this week. In honor, Carson, along with his family, toured the floor of the NYSE exchange and had the honor ringing Monday’s closing bell. Check out the article for a full video of the event.
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  • loanDepot CEO explains IPO cancellation

    "IPO continues to be an option"
    loanDepot Chairman and CEO Anthony Hsieh published a company blog to explain his thoughts on pulling its IPO, saying, "Unlike other IPO candidates, we’re already moving forward with our plans because of our capital reserves and the investor confidence we’ve earned beyond the IPO market. And while an IPO continues to be an option, perhaps one day in the future, it’s not a necessity."
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