WASHINGTON, Jan 29- The U.S. consumer financial watchdog said on Wednesday it was seeking fines against PHH Corp and repayment to consumers over allegations that the mortgage lender steered borrowers to insurers from which it took kickbacks.
Fidelity Investments and Charles Schwab give independent financial advisers a percentage of the assets that their clients put in certain mutual funds, according to Reuters.
Following a surge in the financials sector in 2012, two analysts are divided over whether the stocks are now fully valued.
*FBR raises Hudson City Bancorp Inc price target to $8.50 from $6.50;. *FBR raises JPMorgan Chase& Co price target to $40 from $37; rating. *FBR raises PHH Corp price target to $25 from $23; rating outperform.
You could already hear the bears on China on the disappointing First quarter gross domestic product numbers (8.1 percent, below 8.3 percent expected and the lowest level since March 2009). But there are several signs the Chinese economy likely bottomed in the first quarter.
Big lenders like Chase, Wells Fargo and PHH have increased their jumbo volumes by a lot in just the first six months of this year.
Stocks came back from the lows of the session in the last few minutes of the session to end just slightly lower after a tepid government bond auction, a disappointing jobs report and the fallout continued over foreclosure practices at major banks. Bank of America and JPMorgan fell, while McDonald's rose.
Stocks pulled back from the lows of the session but remained down after a tepid government bond auction, a disappointing jobs report and the fallout continued over foreclosure practices at major banks. Bank of America and JPMorgan fell, while McDonald's rose.
The Lightning Round is extended in this CNBC.com exclusive feature.
Now that the government is in charge of the GSE's (can I call them Government "Sponsored" Entities or should that change to something else??), analysts are looking for the builders to reap the rewards, long term in sales and short term in the stocks.
So there’s a bit of a blurb in the Wall Street Journal today about billionaire hedge-fund manager Edward Lampert and his ESL Investments Inc. buying into a few home builders (Centex and KB Home) as well as a few mortgage lenders (PHH and CIT) and Home Depot just to boot.
Mortgage and vehicle fleet company PHH said on Tuesday it terminated its nearly $2 billion sale to General Electric and Blackstone, after the private equity firm failed to obtain required financing for the deal.
The private-equity buyers of Acxiom have reached a settlement to break off their proposed $2.25 billion acquisition of the data-management company, according to people familiar with the situation.
Hey folks--here's a look at the top percentage gainers and losers from Thursday of this week.Webex is up 22.03% if you bought it on 3/14 at $46.20 and held/sold on 3/15 at $56.38. Webex agreed to be acquired by Cisco for $3.2 billion.
The $31.50-per-share purchase price is about a 13% premium to PHH's closing stock price of $27.81 on Wednesday.