The Chicago Board of Trade has designated Feb. 21 as the date of launch for its previously announced stock index futures contract based on the Dow Jones U.S. Real Estate Index.The contract, which will allow market participants to capitalize on changes in the real estate sector of the stock market and manage their commercial real estate exposure, will settle to the value of the Dow Jones U.S. Real Estate Index, which is composed primarily of real estate investment trusts. The CBOT can be found online at http://www.cbot.com.
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The national delinquency rate rose 15 basis points to 3.5% last month due to a calendar anomaly, marking a 4.5% month-over-month incline and 9.4% annual change.
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ICE launched a fraud detection tool for underwriters, Newrez partnered with Matic and Rate announced a free home equity monitoring tool this month.
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Nearly one-third of states now have official nonbank standards for liquidity, capital and corporate governance that firms over a certain threshold must meet.
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KBW now rates UWM as outperform, and BTIG calls the stock a buy, but both cite high leverage levels and industry macro trends depressing its stock price.
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If approved, the deal can provide relief for the approximately 662,000 individuals affected by an incident at the mortgage vendor last November.
June 26 -
Properties outside of the 100-year flood zone exposed to $375 billion to $1 trillion in losses, Moodys reports
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