Mortgage giant Fannie Mae (OTC: FNMA) today announced that it will demand compensation from mortgage servicing companies that do not handle problem mortgage loans properly. Fannie also said that it may start reviewing loan files, processes and procedures used by mortgage servicing companies.
The announcement from Fannie shows that it getting impatient with the companies engaged [...]
Freddie Mac (OTCBB: FMCC) today said that U.S. mortgage rates dropped to a record low in the past week. The drop in mortgage rates came after a fall in yields on government debt. The drop in mortgage rates is a good sign for the housing market, which is struggling to recover from the collapse in [...]
Baidu Inc. (ADR) (NASDAQ: BIDU) recently announced that it will now concentrate on its core search business. The company said that a major part of its future mobile Internet investment will be spent on the search segment. Baidu also said that its priorities include ecommerce and mobile Internet. The company is also looking to make [...]
It should come as no big surprise that mortgage rates in the U.S. have dropped to another record low, representing the 11th straight week of matching its previous lows or setting a new one. One major benefit is that it reduces the borrowing costs for most homebuyers as the demand for mortgages and purchasing of [...]
Google Inc. (NASDAQ: GOOG) and AOL Inc. (NYSE: AOL) today announced the renewal of their partnership for another five years. The partnership is one of the longest running in Internet history.
Eric Schmidt, chairman and CEO of Google Inc., said that the company is excited to deepen its partnership with AOL Inc., which combines the company’s [...]
Liquidmetal Technologies Inc. (PINK: LQMT) engages in research, development and commercialization of amorphous metals. The company’s patented alloys and coatings are part of high performance material used in a variety of military, consumer and industrial products.
The company’s patented technology enables the creation of new opportunities for designing metallic-based products. The company has more than 20 [...]
Out of nowhere, SILVER FALCON MINING INC (SFMI.OB) started to climb, curtailing from negative price changes to gain 6.33% on to close at $0.168 per share yesterday. Shares slipped nearly 2% in today’s early trading.
Over the last week, traded volume of SFMI has exceeded 1 million shares, which is quite an unusual value for the [...]
General Electric Company’s (NYSE: GE) financial arm, GE Capital today announced that it is extending Golfsmith’s (NASDAQ: GOLF) $90 million asset-based revolving credit facility for another four years.
GE reports its second-quarter financial results on July 16. The company posted second-quarter earnings from continuing operations of $3.3 billion. The company’s second-quarter revenue came in at $37.4 [...]
Motorola (NYSE: MOT) recently announced that will give $3.5 billion to Motorola Mobility, the handset and set-top unit of the company. However, it is scheduled to be divested in the first quarter of the next year.
Motorola introduced the new Motorola Defy phone with 3.7 inches Gorilla Glass. The phone is in IP67 compliance, which means [...]
Netflix Inc. (NASDAQ: NFLX) has launched its new iPhone app that works over Wi-Fi and 3-G connections. The app has also been made available for iPod Touch. Netflix is facing increased competition from various other streaming video services such as HBO and Hulu. Hulu recently launched its own paid streaming service.
Netflix recently announced that it [...]
CMGR hit a high of $0.23 at the time of this writing, which is an increase of over 8000%. The OTC markets have been turning heads with recent big moves on INOL and DMGM. Camelot Entertainment Group, Inc. seems to be making today’s big jump due to a deal that they...
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