The Enstar Group Inc., Montgomery, Ala., has reported a 15-day delay in the filing of its annual Form 10-K report, citing the timing of audited financial statements for Green Tree Investments, in which Enstar held an indirect interest until July 2004.Enstar said Green Tree -- the successor company to Conseco Finance Corp., which was the successor to manufactured housing lender Green Tree Financial Corp. -- changed accounting firms last year and the new auditors have not yet completed the audit of Green Tree's 2004 financial statements. Enstar said it will file its 2004 Form 10-K with the Securities and Exchange Commission "as soon as the predecessor Green Tree auditors are able to agree to the inclusion of their audit reports" for fiscal year 2003.
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The industry leaders are sparring over refinance business from a Mr. Cooper portfolio, and UWM contends it didn't specifically try to harm its rival.
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The trade group supports FHFA's overhaul but urges longer comment periods, more flexibility and protections to prevent unintended consequences.
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The drop in the annual metric for FHA loans was the biggest in over four years but other performance indicators ICE Mortgage Technology tracked were mixed.
July 24 -
NJ Lenders suffered a cyberattack last August, which potentially exposed the names and social security numbers of about 30,000 individuals.
July 24 -
Its origination volume of $621.8 million was an increase of $114 million compared with the first quarter but its gain-on-sale was 5 basis points lower.
July 24 -
The mortgage subsidiary of PlainsCapital Bank saw improvement in its bottom line but remained in the red amid ongoing affordability constraints.
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