The American Stock Exchange has announced the commencement of trading in common shares of a new closed-end fund issued by ING Clarion Real Estate.The ING Clarion Real Estate Income Fund is the first closed-end fund to be issued by ING Clarion and the first real estate closed-end fund to invest in both equity and fixed-income real estate securities, Amex reported. The fund's primary investment objectives are to seek high current income and capital appreciation. Amex can be found online at http://www.amex.com.
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The homebuilder's net income for the second quarter was half of what it was a year ago but a seasonal lift improved results relative to the first quarter.
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Fintech GoodLeap is buying homeowner relationships for renovation loans with rewards and originators competing on rate alone may be behind.
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The mortgage technology unit of Intercontinental Exchange reported a return to profitability in the second quarter, as revenues continued their recent rise.
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The 30-year fixed rate mortgage is at its highest point in 51 weeks with a divergence in forecasts for what happens between now and the end of the year.
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Positive changes in credit provisions contributed to a multiyear high in net income as the GSE and its rival fought to purchase lenders' single-family loans.
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Properties outside flood zones carry outsized risk without insurance but client education and proactive solicitation before a storm can decrease serious delinquencies.
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