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Ellie Mae's IPO jumps
by seier+seierShares of Pleasanton-based Ellie Mae soared on their first day of trading Friday, marking an auspicious launch for the Bay Area's newest publicly held company. Ellie Mae jumped 12.8 percent, or 77 cents, and finished at $ 6.77 on Friday. The company...
Foreclosures Drop 35 Percent Year-Over-Year
Foreclosure activity is much slower this year than last. According to foreclosure-tracking firm RealtyTrac, the number of national foreclosure filings plunged 35 percent in March 2011 as compared to March 2010, a statistic that reflects a more healthy housing market...
Bank of America earnings dip 37% as mortgage cleanup continues
by suttonhooBank of America (BAC: 13.13 0.00%) earned $ 2 billion in the first quarter of 2011, or 17 cents per diluted share, as it settled more mortgage buyback claims and shook up its executive management team. BofA earnings for the quarter dropped 37% from one...
Inflation Pressures Mounting; Mortgage Rates Rising
Inflation pressures are mounting in the United States. And, Friday, the Consumer Price Index should prove it. More commonly called “The Cost of Living Index”, CPI measures cost changes in the typical items bought by American households. Among...
Jobless claims unexpectedly rise to 412,000 last week
by Hamed SaberThe number of initial jobless claims filed by unemployed Americans rose unexpectedly this past week after experiencing a month of weekly declines. For the week ending April 9, Americans filed 412,000 initial jobless claims, which is 27,000 more claims...
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