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Tiql(LAS VEGAS) -- Tickets for the Mayweather-Pacquiao boxing match, called the "fight of the century," have creeped up on Super Bowl prices, but what you’ll pay for the worst seat in the house might surprise you.

Floyd “Money” Mayweather will face eight-division world champion Manny “Pac-Man” Pacquiao May 2, 3 p.m. ET, at the MGM Grand in Las Vegas, a battle that has been in the works but stalled for the past several years.

Tickets finally went on sale to the public Thursday, after the two fighters' camps settled contract details and how tickets would be allotted. Tickets sold out in less than one minute, according to TiqIQ, an event ticket search engine.

Though the starting retail price was $1,500, there were only 500 tickets sold to the general public for boxing's richest fight ever, though the arena holds about 16,000 people.

Forty percent of the remaining tickets went to the MGM Grand and 25 percent to each of the fighters’ camps.

So, unless you know Mayweather and Pacquiao, the only way to get in now is through the resale market. Even the fighters have said they were inundated with requests from their circles when the match was announced in February.

The average ticket price sold so far on StubHub is $6,362, with a range of $5,000 to $12,000. The lowest-priced ticket sold so far on StubHub is around $4,500, the company told ABC news. Those are for seats in the Upper 202 section, a corner area that's arguably among the worst.

The average ticket price for this year's Super Bowl was $10,466.11, according to TiqIQ.

"The best way to describe these seats are like sitting in the last row for any basketball court but all the action happening at center court," said Chris Matcovich, vice president of data and communications of TiqIQ.

Matcovich said even the worst seats in the house are on sale for $5,000 on TiqIQ's website. There are 14 seats in section 205, row Q, that are the second to last row in that section. Their list price: $4,575. And ticket prices are likely to remain high leading up to the fight, given the few available on the resale market, according to Matcovich.

“I would imagine they aren’t that terrible, honestly,” StubHub spokesman Cameron Papp said about the cheapest tickets. “This is a small arena so I doubt there are many bad seats in the house. That’s what we’re seeing as far as sales on StubHub. Most of the tickets being bought are for the cheapest available – people just want to get in to this historic event.”

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Apple Inc.(NEW YORK) -- The Apple Watch, on sale starting Friday, may be touted as the wearable tech that fans have been waiting for, but it's not quite the watch of our dreams yet.

There are more than 3,000 apps available, from adjusting your hearing aid volume with Beltone's app or controlling your PowerPoint presentation from your wrist. But here are some of the things that the Apple Watch can't do yet, based on these beloved movies and television shows.

1. Laser to break down vaults

Penny from Inspector Gadget could do some pretty rad things with her watch, including communicating with her uncle with a system similar to Apple's "FaceTime" and cutting through metal with a laser.



2. Walkie-Talkie

Back in September, Apple announced that the Apple Watch would have a Walkie-Talkie feature, much like the one Dick Tracy had, but that feature appears to have been pulled for some inexplicable reason, TheVerge.com reports.

An archived version of the Apple website described the Walkie-Talkie feature: "For a fun alternative to a phone call, use the built-in speaker and microphone to trade spur-of-the-moment sound bites with friends."

 

#DoYouRemember pretending you could talk into our wrist watch like #DickTracy did? Remember... http://t.co/N3478zU5fJ pic.twitter.com/mqEzFFRzlm

— DoYouRemember? (@DoYouRemember) March 11, 2015

 

3. Teleport

The Mighty Morphin Power Rangers not only used their wrist communicators to talk to each other and Alpha at their Command Center. They could eventually use their communicators to teleport wherever they needed to go.

 

I rather have a Mighty Morphin Power Rangers communicator than the Apple iWatch. pic.twitter.com/U37nNuGdnv

— Fonzie (@fonzie_94) September 10, 2014

 

4. Control a giant, flying robot and its eye laser rays

Johnny Sokko in the 1960s series Johnny Sokko and His Flying Robot had it all: a giant robot that flew and had finger missiles. Together, they could defeat weird aliens as long as Johnny had his trusty wristwatch transmitter.



5. Watch TV like on a normal TV

Sure, you can download a show on iTunes or stream it from somewhere. But when can we have a literal mini-television on your wrist?

In an episode of The Jetsons called "Elroy's Mob," Kenny Countdown tells Elroy that he's watching the "billionth rerun" of The Flintstones in class.

The robot teacher catches him and says, “How many times have I told you, no TV in the classroom! What do you have to say for yourself?” before giving the students "report tapes." Elroy gets all As, and (surprise, surprise) Kenny Countdown gets an H, which, presumably, is worse than an F.

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iStock/Thinkstock(NEW YORK)  -- Big gains in tech companies on Friday helped to push the markets higher to end the week.

The Dow Jones Industrial Average closed at 18,080.14, up 21.45 from its open.

The Nasdaq rose by 36.02 to close at 5,092.08. The S&P 500 was up by 4.76, finishing the session at 2,117.69.

Amazon stock soared 15 percent on Friday, after the company revealed details about its cloud service for the first time. Shares of Google and Microsoft also rose on Friday, after both companies reported their quarterly results.

Pepsico hopes a change in formula will result in fizzier sales for Diet Pepsi. The company announced on Friday it’s removing Aspartame from the drink’s formula, and replacing it with the sweetener commonly known as Splenda.

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Justin Sullivan/Getty Images(NEW YORK) -- Some consumer advocates call the death of the Comcast-Time Warner Cable deal a victory for consumers, but it won't fix every problem about cable and broadband services, they say.

Attorney General Eric Holder said on Friday that the two companies' decision to abandon their deal to merge "is the best outcome for American consumers."

"This is a victory not only for the Department of Justice, but also for providers of content and streaming services who work to bring innovative products to consumers across America and around the world," Holder said in a statement.

Friday's confirmation of the proposed deal's demise ends a journey that began more than a year ago, when Comcast and Time Warner Cable announced plans to merge and create the largest Internet service provider in the country. The combined company would have had five times the subscribers of its closest competitor, the Electronic Frontier Foundation said.

This week, the Federal Communications Commission announced a major barrier to the plan when it requested a hearing about the merger.

"If Comcast bought Time Warner Cable, it would have had the ability to single-handedly control the broadband and media marketplaces," John Bergmayer, senior staff attorney for consumer advocacy group Public Knowledge, told ABC News.

The new company would have had the ability to "crush" new competitors, such as online video providers, he said.

"It would have been able to reduce consumers’ ability to access diverse programming and Internet content. Prices would go up, not just for Comcast’s subscribers, but for consumers nationwide," he said. "The FCC and the Department of Justice understood this, and stopping this deal is a huge victory for consumers."

A spokesman for Time Warner Cable told ABC News in a prepared statement: "TWC is committed to being a company that makes connections that matter for our customers and for every stakeholder. We will continue to provide reliable, advanced technology and superior service that New Yorkers expect from us."

A spokeswoman for Comcast declined to comment beyond a statement released by Comcast's chairman and CEO.

"Today, we move on. Of course, we would have liked to bring our great products to new cities, but we structured this deal so that if the government didn’t agree, we could walk away," Comcast's Brian Roberts said. "Comcast NBCUniversal is a unique company with strong momentum."

Public Knowledge said the end of the merger doesn't fix everything that's wrong in the broadband and cable marketplaces. New video and connectivity services are just starting to emerge, and competition may still be at risk, the group wrote on its website.

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Apple, Inc.(NEW YORK) — Screen real estate is at a premium on the Apple Watch and has challenged developers to figure out how to create unique and valuable experiences for the wrist.

Along with the arrival of the Apple Watch Friday, more than 3,000 apps have been optimized for the wearable device -- including many social networking staples, such as Facebook, Instagram and Twitter.

"Developers need to give a lot of thought how they translate their iPhone app experience to the watch," Patrick Moorhead, an analyst at Moor Insights & Strategy, told ABC News. "Developers need to get the right information at the right time on their watch apps. It needs to have great load times, too, or users will just get frustrated and use another app."

While there are plenty of apps worth trying, here are seven of the early standouts that will help you get from morning to night.

WebMD


We all know WebMd as a repository of medical knowledge and the place we go to when (insert body part here) hurts. The medical website's Apple Watch experience focuses on making it even easier to follow the doctor's orders.

A medication reminder will help keep wearers on track, letting them know when they need to take their medication and the proper dosage.

Citymapper


Never get lost again. Citymapper helps navigate public transit by giving you the fastest route. You won't miss your stop either -- the app will give the wearer a gentle tap when they've reached their destination.

Mint


The Mint app makes it easy to keep an eye on your spending via your watch. Alerts will help users make sure they're sticking to their budget.

MLB at Bat


Baseball fans never have to miss a moment from their favorite teams. The MLB app lets wearers follow a game as its happening, along with in-game scoring, pitch counts, base positions and player stats.

PowerPoint


Here's one way to take your PowerPoint presentation to the next level -- use your Apple Watch. The PowerPoint for the Apple Watch app acts as a remote control, allowing the wearer to control the speed of their presentation.

Chipotle


It's easier than ever to get your burrito fix. Using the Chipotle app, hungry customers can find the nearest restaurant, choose their order, pay for it and pick it up when it's ready. A countdown clock in the app lets users know when it's burrito time.

OpenTable


Never forget a reservation again. The OpenTable app offers glanceable moments to remind users of upcoming dining plans, along with directions for how to get to the restaurant. It will also offer an alert if it's a "Pay with OpenTable" restaurant, which will allow wearers to use Apple Pay in the app -- and stealthily pick up the check for their dinner date.

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ABC News(LONDON) — The celebratory response to Britain's next royal baby may boost the British economy by $120 million, but the economic effects may be stronger if it's a baby princess, according to some experts.

It's not hard to notice the unequal sales attention when it comes to the clothing worn by the Duchess of Cambridge, Kate Middleton, compared to that of her husband, Prince William.

Joshua Bamfield, director of the Centre for Retail Research in the England, previously estimated that there was a $400 million economic bonanza that came with the arrival of Prince George in 2013. This time, the boost will likely be around $120 million in retail spending, he said.

"Our view is that any celebrations of 'Baby No. 2' will be low key and we suggest that the boost to retail sales will only be about £80 million sterling, primarily on things like cakes, Prosecco and souvenirs -- mugs, coins and teapots," he told ABC News.

"In the longer term, if the new child is a girl, this will give Britain's retailers and designers a bonanza as royal watchers emulate every new piece of babywear, every new dress, et cetera, and it will go on until she is 25 years old," Bamfield said, noting that through that time the hypothetical princess is "a marked woman indeed."

British maternity clothing maker Seraphine saw an immediate spike in sales when the duchess wore its "pink fuchsia maternity dress." It sold out within hours and the increased Web traffic almost crashed the company website, according to company officials.

"The photo was broadcast worldwide, and since then we've capitalized on the increased international attention by expanding our business -- putting a greater focus on the U.S. market," Cecile Reinaud, founder of Seraphine, told ABC News. The company opened its flagship store in New York last year and has plans to open a second store on Madison Avenue next month.

During her second pregnancy, the duchess has worn other Seraphine maternity clothes, including during the royal couple's visit to New York in November. And Reinaud said she expects her second child to also follow in "The Kate effect."

"Prince George now has his own close following, and I expect his little brother or sister to have the same sort of selling power," Reinaud said. "By choosing accessible High Street brands over expensive designer labels, the Duchess of Cambridge has provided a tangible boost to British retail."

Reinaud said she's proud of the brand's loyal celebrity following among stars such as Zoe Saldana, Jessica Alba, Gwen Stefani, Mila Kunis and Carrie Underwood, among others.

"But none of these stars generate the same level of media attention as the duchess -- she is in a class of her own," Reinaud said.

Like mother, like son, whatever Prince George wears also becomes the next big thing in luxury wear. The "Guards Tank Top" that Prince George was seen wearing in photos released in December is still sold out, said its designer Cath Kidston, though the company hopes to add it again this year.

"Prince George has had such a huge influence on children's fashion, making traditional clothes fashionable, and bringing a spotlight to dressing children like children, and not 'Mini-Me,'" British designer Rachel Riley told ABC News.

When Prince George wore the "Sailboat Smocked Dungarees" made by Riley in his first official engagement in New Zealand, the company's Web traffic spiked in the U.S. and U.K., she said.

Riley has had other royal customers in her twenty years of business, including the queen's grand-daughter wearing dresses at the Boat Parade and Buckingham Palace during the queen's Diamond Jubilee.

"However Prince George has been named the 'World's Most Influential Toddler' so he has definitely brought the media spotlight to our company," she said.

Designers are waiting with bated breath to find out the baby's gender. If the royal baby is a girl, it will be the first time there has been a princess in the U.K. since Princess Anne in the 1950s and Princesses Elizabeth and Margaret in the 1930s.

"As I love vintage prints, and have been collecting these since I was a teenager, I have made sure that we have plenty of options for both baby girl and baby boy, as well as our Heritage Collection," Riley said.

It's not just baby clothing makers that want to be associated with the next royal baby. The wrap that Prince George first appeared in as a newborn is still the hottest seller of the American company that made it.

Brooklyn blanket and accessories maker aden anais said that the "jungle jam" wrap that was used when the prince first left the hospital is still the company's best performing product nearly two years later, including in the U.S., Japan and Australia. The product sold out that day in the U.K., and once inventory was replenished August, sales were up 223 percent compared to August 2012, the company said.

Raegan Moya-Jones, CEO and co-founder of aden anais, said that although her products can be found in 63 countries, "Having Prince George wear our blanket was quite an honor and has really solidified our international presence."

Another celebrity moment for aden anais was when the baby of another power couple was shown wrapped in another of its blankets. That was of course Beyonce and Jay Z. The company calls that moment a "close second" to the boost that Prince George provided.

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Stockbyte/Thinkstock(NEW YORK) -- If you feel like your life is beginning to resemble a scene from one of The Hangover films, it very well may be. The current trend of seemingly never-ending, over-the-top bachelor and bachelorette parties has become a real-life phenomenon.

What was once a ritual evening with friends before one’s wedding has in recent years evolved into multi-day excursions set in far-flung locales that rival honeymoons in terms of time and cost for attendees, according to industry experts.

“Bachelor and bachelorette parties are no longer single-night outings,” Jamie Miles, editor of wedding resource TheKnot.com, told ABC News. “We are seeing more destination parties centered around an event. Maybe you’re going to New Orleans for Jazz Fest or Palm Springs for Coachella. It’s all about an experience that’s unique to what your interests are.”

Shan-lyn Ma, CEO and co-founder of wedding registry app Zola, found herself traveling from New York to Miami for just such a weekend in the run-up to a friend getting married.

"I went to a bachelorette party that was a three-day celebration at the W Hotel in South Beach,” Ma said. “The event started with dinner at a fancy restaurant in the hotel immediately after we landed. We then went to Liv, a hot Miami Club, for drinking and dancing until dawn.”

And that was only the beginning.

“The next day was full of cocktails and brunch by the pool for the entire morning and a bridal shower involving lingerie gifts back in the suite that same afternoon,” she continued. “On the last day, we went shopping together for gold sequin dresses and then went to dinner at a popular Miami restaurant. It was a fun but exhausting and expensive celebration -- not to mention, I still had to buy a wedding gift afterwards.”

The airline tickets alone for such events can be prohibitive. A recent Priceline survey on the subject of bachelor- and bachelorette-related travel found nearly one in three party-goers have spent upwards of $850 or more on travel costs alone for these types of festivities. This is especially true for a subsection of men and women that have taken the fetes international.

“My friend had her bachelorette party in Belize. BELIZE,” a New Jersey woman who wished to remain anonymous said in an email. “The bride took care of arranging most of the trip; hooked us up with a travel guide and a killer house to rent. Once you landed on the main island, you had to take a six-seater puddle jumper to your own caye [island]. We also had to rent a golf cart just to get back and forth from our house, which was super remote, into town.”

She estimated that the total cost of the celebration had run her $2,000.

After initially being deterred by the steep price, she justified the expense by rationalizing that it was the vacation of a lifetime. The group of five women took day trips to see the Mayan ruins, spent an afternoon inner tubing through pitch-black caves, and went on a scuba dive in The Great Blue Hole, a world-renowned submarine sinkhole off the coast.

“We cooked lobster some local fisherman caught for us illegally, drank a crazy amount of rum and hung with the locals,” she said. “It was a blast, and definitely worth it, but nothing I'd ever do again.”

Part of the reason to-be-weds are even suggesting such outrageous excursions is that their age range has shifted, noted Miles.

“Couples are getting married a lot older than they used to, with the average age of brides at 29 and the average age of grooms now 31,” said Miles. “And I think that really informs this trend of why these destination bachelor parties are happening. It’s a little more of a mature outing. The people involved are a little more established, as opposed to straight out of college.”

But what if the “once-in-a-lifetime” bachelor party is one of multiple wedding-related outings that you’ve been invited to?

“Last year I had six friends who were getting married,” said a Pennsylvania man who also wished not to be named. “So there were a few vacation-style bachelor parties in Las Vegas and in Philadelphia, but I couldn’t go to all of them because after a while it exceeded my budget. One party out in Colorado I really wanted to go to, but the timing just worked out that I had no money left.”

This is also not an unusual occurrence, according to the Priceline.com survey, which found that 45 percent of respondents decided to skip a bachelor/bachelorette party due to trip costs.

Declining an invitation is always preferable to racking up bills on a credit card, cautions The Knot. Your friends will understand.

“I certainly hope people aren’t going into debt for the bachelor or bachelorette party,” said Miles. “People really are excited for these things but the reality is that friends and family don’t always live near each other anymore and you’ll probably have to travel for the wedding as well. If money is tight, it’s worth expressing that early on. It gives the host more time to plan something that everyone can do.”

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iStock/Thinkstock(NEW YORK) -- Like most people, you probably filed your taxes by April 15 -- but Friday is actually the day you've earned enough this year to pay your tax bill, according to one think tank.

The Tax Foundation, which describes itself as a non-partisan, non-profit organization that researches tax policies, says April 24 is the day when the country has earned enough money to pay its total tax bill for the year.

"Tax Freedom Day," which the group attempts to pinpoint each year, is "a significant date for taxpayers and lawmakers because it represents how long Americans as a whole have to work in order to pay the nation’s tax burden," according to the Tax Foundation.

The group estimates the day by taking all federal, state and local taxes and dividing them by the nation’s income.

"Tax Freedom Day is one day later than last year due mainly to the country’s continued steady economic growth, which is expected to boost tax revenue, especially from the corporate, payroll, and individual income tax," the organization said in its report.

This year, the Tax Foundation estimates Americans will pay $3.28 trillion in federal taxes and $1.57 trillion in state and local taxes, for a 2014 tax bill of $4.85 trillion, or 31 percent of national income.

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ABC News(NEW YORK) — It doesn't seem that long ago that Apple CEO Tim Cook first began talking about the game-changing Apple Watch that was to come.

Seven months later, what Cook calls Apple's "most personal" device will be on the wrists of the first buyers Friday as some will have the opportunity to pick up the hotly anticipated wearables from Apple stores or receive a special delivery at home.

If you're curious but haven't pre-ordered a watch, here's a breakdown of the basics to get you started.

How to Order


Even though the watches are launching Friday, don't expect to see extra inventory in stores. Those who aren't completely sold on the idea yet or don't know which watch they want can schedule a try-on appointment online and then order a device to be picked up at a later date.

Customers can also play with an Apple Watch display unit that lets them demo the interface. However they won't be able to try one on without meeting with an Apple employee.

Compatibility


The Apple Watch is compatible with the iPhone 6, iPhone 6 Plus, iPhone 5, iPhone 5C and iPhone 5S.

Choices, Choices, Choices


The watch comes in three models: the Apple Watch Sport, Apple Watch and the high-end Apple Watch Edition. Each packs as much as 18 hours of battery life, ensuring the device can stay helpful to its user day and night.

The Apple Watch Sport, which is made of aluminum, starts at $349. The Apple Watch starts at $549 for the smaller version and goes as high as $1,049 depending on the watch band. The larger version starts at $599.

The Apple Watch Edition will begin at $10,000 and will be available in limited quantities, making it the ultimate techie status symbol.

Apps

Ever since the Apple Watch was announced last September, developers have been working to transform their app experiences for the wrist.

The results can be found in the Apple Watch app store launched Thursday with thousands of apps encompassing everything from news, retail, travel health and entertainment.

While you likely won't book a European getaway on the Watch, the small screen is ideal for offering alerts and access to quick information, such as your itinerary or the check-out time at a hotel.

What Makes It Different

Much of the interaction on the watch is driven by notifications. Expect the Apple Watch to keep you on track for your appointments, advise you when you may need an umbrella or show you a text message from a friend.

The wrist is "a very interesting place" because users can glance at it while "you can't glance at a lot of other places on your body," Cook told ABC News' David Muir in an exclusive interview after the watch was announced last year.

"You can measure a lot of things from there and you can just get, honestly, a tidbit today of what all it can do," Cook said. "But I think it's huge."

Navigation


While other wearables focus on a touch screen, Apple is making navigation on the watch head easier by letting users move the digital crown to toggle between apps. (You can of course still use the touch screen on the watch.)

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iStock/Thinkstock(NEW YORK) — Binge-watching cable and streamed TV has become an American obsession based on the findings of Deloitte LLP's Digital Democracy Survey.

Nearly seven in ten of the 2,000 content consumers admitted binge watching a series at least once, which involves viewing three or more episodes in one sitting.

Perhaps more surprising is that three in ten of the respondents ages 14 and older said they binge watched a series at least once a week.

As for the kinds of programs people view in multiple episodes, hour-long dramas such as Mad Men, Game of Throne and House of Cards were preferred by 54 percent of the survey participants.

People also like binge watching comedies, but not as much with 20 percent making series like Veep and Unbreakable Kimmy Schmidt their top choices.

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iStock/Thinkstock(NEW YORK) — Solar power is more popular than ever in the U.S. but it still has a long way to go to catch up with more traditional sources of heating homes and businesses.

The online technology journal Clean Edge says on the positive side, close to nine in 10 of the 1,700 people it surveyed believe that renewable energy should play a crucial role in the country's future.

What’s more, solar power was seen as the most viable energy source, picked ahead of wind and other high-tech industries.

Yet, despite seeing a need to switch to renewable energy, just six percent are considering purchasing a solar system during the next year.

The reason is that the cost of installation and maintenance remains cost prohibitive for most homeowners.

However, this might not always be the case. For instance, the energy-saving LED light bulb sold for $30 apiece three decades ago. Today, it costs about four or five bucks.

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Justin Sullivan/Getty Images(NEW YORK) — The proposed marriage of Comcast and Time Warner Cable is over.

Comcast will announced in a written statement Friday that it is walking away from the $45 billion deal involving it purchasing Time Warner stock.

“Today, we move on. Of course, we would have liked to bring our great products to new cities, but we structured this deal so that if the government didn’t agree, we could walk away,” Comcast Chairman and CEO Brian Roberts said in the statement released Friday morning.

Federal regulators apparently had concerns about the two communications giants forming a veritable cable TV behemoth with an even bigger reach in metropolitan areas. Attorney General Eric Holder had praise for the two companies' decision to terminate the deal.

“The companies' decision to abandon this deal is the best outcome for American consumers,” Holder said Friday in a Justice Department statement.  “The Antitrust Division of the United States Department of Justice has demonstrated, time and again, that it can and will defend the interests of the American consumer no matter the complexity of the issue or the size of the opponent. This is a victory not only for the Department of Justice, but also for providers of content and streaming services who work to bring innovative products to consumers across America and around the world. I commend the Antitrust attorneys and investigators whose outstanding work led to this outcome, and I know that the Department of Justice will continue to fight for fair access and free competition in every industry and every market.”

There were reports that the Justice Department had been leaning against the merger and perhaps even more devastating for Comcast, the Federal Communications Commission wanted an administrative judge to rule on the deal's merits, frequently the death knell for such transactions.

Consumer groups will undoubtedly cheer the news that Comcast has backed out. They said previously that the planned deal would crush competition and allow the new company to hike rates, which they allege are already too high.
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Photo by Scott Olson/Getty Images(NEW YORK) -- Thursday was the 30th anniversary of the introduction of the ill-fate "New Coke."

On April 23, 1985, Coca-Cola made the decision to replace the formula of its flagship soft drink. The decision was called one of the biggest business blunders of the century, as customers loudly expressed their disappointment and passion for the old recipe.

"The passion for original Coke was something that just flat caught us by surprise," said then-President and CEO of The Coca-Cola Company Don Keough, in a article posted on the Coca-Cola website in 2013.

Just 79 days after the debut of "New Coke," the company announced the return of the classic formula.

The blooper may have been embarassing for Coca-Cola, but earlier this week, the company released its first-quarter results -- including one-percent growth in net revenues. The company boasts the claim of being the number-one provider of sparkling beverages, ready-to-drink coffees, juices and juice drinks.

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Ridofranz/iStock/Thinkstock(WASHINGTON) -- The U.S. government has filed a complaint against Quicken Loans, accusing the company of "improperly originating and underwriting mortgages insured by the Federal Housing Administration."

"Those who do business with the United States must act in good faith, including lenders that participate in the FHA mortgage insurance program," said Principal Deputy Assistant Attorney General Benjamin Mizer. "To protect the housing market and the FHA fund, we will continue to hold responsible lenders that knowingly violate the rules."

Quicken participated in the FHA insurance program as a direct endorsement lender, which gave the company the authority to originate, underwrite and certify mortgages for FHA insurance.

Under the direct endorsement lender program, the mortgages are not reviewed by the FHA or the Department of Housing and Urban Development, forcing the lender to adhere to program rules. The government alleges that from September 2007 to December 2011, Quicken submitted or caused the submission of hundreds of improperly underwritten FHA-insured loans.

Examples of improper actions included having appraisers inflate the value of a home for which the value was too low to approve a loan and granting "management exceptions," allowing underwriters to break rules to approve loans.

The government alleges that the Department of Housing and Urban Development has paid millions in insurance claims on improperly underwritten loans.

"Quicken needs to be held accountable for violations of HUD requirements in the origination of FHA loans," HUD General Counsel Helen Kanovsky said.

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Alyssa Newcomb/ABC News(NEW YORK) -- Apple opened its Apple Watch app store for business Thursday, showing off the thousands of apps that have been developed for the company's first-ever wearable device.

When displayed on the Apple Watch, the apps are represented by tiny circles and are clustered together, almost like a beehive, as user swipe and twist the digital crown to move through their ecosystem of apps.

The first customers will receive their Apple Watch on Friday. After pairing them with a compatible iPhone 6, iPhone 6 Plus, iPhone 5, iPhone 5C and iPhone 5S via the Apple Watch app, it's incredibly easy to browse the ocean of applications and choose which ones to add.

When designing for the wearable, Apple told developers that the goal of "thoughtful app design should contribute to this experience of hardware and software feeling indistinguishable."

Seven months after the wearable was announced, the result is more than 3,000 apps spanning everything from entertainment and travel to health and news.

Many popular apps have been adapted for the display (38 mm and 42 mm) afforded by the watches, providing glanceable moments and quick alerts.

For instance, a single 140-character tweet can fill the screen, as opposed to the entire timeline a user may see when opening Twitter on their iPhone or on a desktop.

Target's app lets users build a shop listing before going to the store and then helps them locate all of the essentials. A section in the storefront called "quick fix games" offers up experiences to kill time with simple games, such as wrist Sudoku.

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God Bless America!

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Leo LaPorte
Leo LaPorte
1:00pm - 3:00pm
Leo Laports The Tech Guy
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Weekends

 

All Weekend Long

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Political Free Zone!

Kim Komando, The "Weekend" Roundup, Leo Laporte (The Tech Guy!), Art Bell, The Real Estate Show, Bill Handel, Chef John Folse "Stirin' It Up" , Doug Stephan's Weekend, The Pet Show & When Radio Was!.

Leo LaPorte

LEO LAPORTE

THE TECH GUY

SATURDAY / SUNDAY

1 TO 5PM

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