Zacks Equity Research, Chicago, announced Friday that it had made Duke Realty Corp. its "Bear of the Day" -- a stock expected to underperform the markets over the next three to six months -- for July 21.Zacks said the Indianapolis-based real estate company reported first-quarter funds from operations that were 10% lower than Zacks' expectations. "We do not expect a material improvement in operating results in the next six months, as the company has assets concentrated in weak, slow-growth markets," Zacks said. Zacks can be found online at http://www.zacks.com, and Duke can be found at http://www.dukerealty.com.
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The Community Home Lenders of America and the Community Associations Institute want the FHA to insure loans on condos approved by Fannie Mae and Freddie Mac.
September 17 -
The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.
September 17 -
Most lenders said they had already priced in the widely-anticipated decision to cut short-term rates for 30-year home loans but other products will benefit.
September 17 -
The deal for the Class A office building owner will be funded from Rithm's cash as well as liquidity on the balance sheets, plus possible co-investors.
September 17 -
Mortgage applications saw a significant jump for the second consecutive week, as homeowners took advantage of plummeting rates, the MBA said.
September 17 -
The government-sponsored enterprise is making changes to mortgage-backed securities and servicing disclosure files to support use of the advanced credit score.
September 17