Box priced its stock at $14 a share on Thursday night, raising $175 million from the public offering and valuing the cloud storage company at about $1.6 billion. The stock, trading under the ticker $BOX, opened at $20.20 a share on Friday, up more than 40% over its IPO price, giving the company a market cap of about $2.5 billion
Amazon.com will start collecting sales tax from Illinois shoppers Feb. 1, the e-commerce giant said Friday, in compliance with a new state law that aims to treat online and brick-and-mortar retailers equally.
A group of multiple listing services, franchisors and brokers is on the hunt for seed money to build the first national MLS consumer-facing listing portal, an initiative that is being called the "National Broker Portal Project."
We can already see that the population is aging and becoming more diverse, but how will those trends play out at the local and regional levels? See what your city will look like in 15 years with Ur ...
IRVINE, CA--(Marketwired - Jan 22, 2015) - RealtyTrac® (www.realtytrac.com), the nation's leading source for comprehensive housing data, announced today that 30+ year data industry veteran and product management innovation executive Jon Cohn has joined the company as Senior Vice President of Data Products. In this role, Jon will leverage RealtyTrac's expansive...
Following on the heels of President Barack Obama’s secondtolast State of the Union Address, during which he made a passing reference to the changes made at the Federal Housing Administration (FHA), HUD Secretary Julián Castro sat down at the Newseum in Washington, D.C., for a live fireside chat with Zillow Chief Economist Stan Humphries on Wednesday, January 21.
Freedom Mortgage Corporation, a privately held, full-service mortgage lender licensed in all 50 states, has announced it is hiring as many as 500 new employees to accommodate anticipated volume growth following President Obama's reduction of FHA mortgage insurance premiums (MIP).
There were 7,052,570 U.S. residential properties seriously underwater — where the combined loan amount secured by the property is at least 25% higher than the property’s estimated market value — representing 13% of all properties with a mortgage at the end of 2014, according to the latest report from RealtyTrac.
Having spent three years as the CEO of a state REALTOR® association, I know first-hand how important and influential state and local associations are in helping members navigate their businesses. For that reason, I am pleased to announce the appointments of veteran industry executives Mark Allen and Don Flynn to key leadership roles within the Move, Inc. industry relations organization.
Some of the country’s biggest mortgage bond investors, reportedly including BlackRock, MetLife, and Pimco, are preparing to sue Ocwen, saying that the beleaguered nonbank failed to properly collect payments on $82 billion of home loans.
Preprinting the names of third-party service providers onto your real estate contracts when your brokerage has a professional affiliation with that provider is a surefire way to attract the attention of the Consumer Financial Protection Bureau (CFPB). And when it shines a spotlight, the revelations can be costly.
Illinois home prices continued to recover with median prices showing year-over-year gains every month in 2014. Home sales, while modestly lower than 2013, pointed toward a stabilizing market, according to the latest reportfrom the Illinois Association of REALTORS®.
The Consumer Financial Protection Bureau has taken action on two of the country's biggest banks: Wells Fargo and JPMorgan Chase. Both banks were investigated for an illegal marketing services kickback scheme they participated in with Genuine Title. And while these banks' actions were cited in the CFPB’s proposal, another bank was left out of the mix due to its good behavior.
Altisource Portfolio Solutions, a provider of default servicing technology and other services to the mortgage banking industry, is cutting more than 800 jobs both domestically and overseas mainly due to shrinking revenue at its biggest client, mortgage servicer Ocwen Financial, which has seen a slew of regulatory actions and lawsuits during the past two years.
Managers should rarely take an important analysis at face value. They should almost always dig into the data and develop a deeper understanding of the hidden insights that lie within. Sometimes there are real gems awaiting discovery. Other times the data contain some truly snarky beasts, and failing to spot them soon enough presages real danger.
Optimistic time seems like a good idea. "We'll ship in January." "The conference will start at noon." "I'll be there in ten minutes." The hope is that the expectation of completion will raise our expectations and increase the chances that...