Posts Tagged ‘July’

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Retail Reverse Originations Outrun Wholesale

The volume of home-equity conversion mortgages originated through retail lenders was up 18 percent between July and August, according to Reverse Market Insight . But business generated through the wholesale channel was up just 6 percent. Compared to August 2009, retail HECM production was up 37 percent, while wholesale HECM volume sank 49 percent. View [...]

Shares of Citrix plunge over 9%

SAN FRANCISCO (MarketWatch) — Shares of Citrix Systems Inc. plunged over 9% Wednesday following a strong run-up in stock price since early July. The shares of the software company, which closed at $42.11 on July 2, had rallied to close above $70 recently following the release of its second-quarter earnings at the end of July. [...]

U.S. Home Sales Improved in August

The National Association of Realtors said that August sales were down 19 percent from August 2009 but up 7.6 percent from July. View full post on Business Stories