Delta Financial Corp., a mortgage lender based in Woodbury, N.Y., has been added to the Russell 3000 Index.Russell Investment Group made the addition in connection with its recent reconstitution of the index, Delta said. Touting the company's inclusion in the index, Delta president and chief executive Hugh Miller said 2007 has been "a milestone year" for the company. "We transitioned to the NASDAQ in March; we produced record origination volume in the first quarter; securitized more than $1.9 billion of mortgage loans through May 2007; and increased our credit facilities to $2.5 billion," Mr. Miller said. The companies can be found online at http://www.deltafinancial.com and http://www.russell.com.
-
McCargo stabilized the agency at a crucial time as she helped navigate it through both a pandemic and subsequent dramatic interest-rate cycle change.
8m ago -
The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
2h ago -
The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
2h ago -
The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18 -
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.
April 18 -
The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
April 18