DiamondRock Hospitality Co., a constituent of the Standard & Poor's REIT Composite Index, will replace Energen in the S&P SmallCap 600 Index after the close of trading Nov. 7, S&P has announced.The reason for the change is that Energen, an oil and gas company, will be moving from the SmallCap 600 to the S&P MidCap 400. DiamondRock, based in Bethesda, Md., is a real estate investment trust that owns and operates upscale hotels and resorts.
Along with a 25% increase in production, Vishal Garg's scheme aims for monthly revenue growth of $7 million and a reduction of cash burn from $4 million to $0.
The big three's trade group has said they operate legally and protect the industry with a trio of reports. FHFA also is opening up VantageScore for all lenders.
eXp World Holdings, the parent company of eXp Realty, and Kind Lending ended their mortgage joint venture, Success Lending, it was reported Wednesday.
The U.S. economy added 162,000 jobs in August, bouncing back from a surprise decline in July. The Fed's next interest rate decision will still hinge on next week's inflation reading.
As UAD 3.6's Nov. 2 mandate shrinks an aging appraiser pool, AnnieMac and Lower lean on AUS waivers and in-house teams to dodge 2022-style fee spikes and turn-time delays.
Mega investors, the smallest segment of non-owner occupied single family homebuyers, were responsible for one-quarter of the unit drop in second quarter sales.
