Red Lobster - Real Estate Investor Pulse

Red Lobster Shutting Down 48 US Restaurants

May 14, 2024 Mariel Alumit Comments Off

The financially ailing Red Lobster restaurant chain is closing 48 of its 650 U.S. locations. Reports surfaced last month that Red Lobster was considering a Chapter 11 bankruptcy filing, but to date the company has not […]

Red Lobster Reportedly Considering Bankruptcy Filing

April 17, 2024 Mariel Alumit Comments Off

The seafood restaurant chain Red Lobster is reportedly exploring a bankruptcy filing. Red Lobster has 649 restaurants, primarily in the U.S. and Canada. According to a Bloomberg News report sourced from unnamed “people with knowledge of the […]

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off

Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off

Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]