Countrywide Financial Corp., Calabasas, Calif., has declared a three-for-two stock split to be effected as a stock dividend payable on April 12 to shareholders of record on March 26."This is the second stock split we have announced in the last six months, reflecting the strong commitment by management and the Board of Directors to reward current shareholders," said Angelo Mozilo, chairman and CEO of Countrywide. After the split, the company will have approximately 279 million common shares outstanding.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
2h ago -
In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
3h ago -
The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
10h ago -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
11h ago -
But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
April 18 -
The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
April 18