Equity Office Properties Trust, Chicago, will be replaced by Varian Medical Systems in the S&P 500 Index on a date to be announced, according to Standard & Poor's.The reason for the change is the merger agreement [see item above] under which Equity Office, a real estate investment trust, will be acquired by affiliates of The Blackstone Group. The REIT will also be replaced by Extra Space Storage Inc., Salt Lake City, in the S&P REIT Composite Index. S&P can be found at http://www.standardandpoors.com.
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The national delinquency rate rose 15 basis points to 3.5% last month due to a calendar anomaly, marking a 4.5% month-over-month incline and 9.4% annual change.
June 26 -
ICE launched a fraud detection tool for underwriters, Newrez partnered with Matic and Rate announced a free home equity monitoring tool this month.
June 26 -
Nearly one-third of states now have official nonbank standards for liquidity, capital and corporate governance that firms over a certain threshold must meet.
June 26 -
KBW now rates UWM as outperform, and BTIG calls the stock a buy, but both cite high leverage levels and industry macro trends depressing its stock price.
June 26 -
If approved, the deal can provide relief for the approximately 662,000 individuals affected by an incident at the mortgage vendor last November.
June 26 -
Properties outside of the 100-year flood zone exposed to $375 billion to $1 trillion in losses, Moodys reports
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