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 lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
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Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
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Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
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The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
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But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
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Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
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