Fidelity National Title Group, Jacksonville, Fla., will replace Emmis Communications Corp. in the S&P MidCap 400 Index after the close of trading on Oct. 24, Standard & Poor's has announced.The 85% of Fidelity National Title owned by Fidelity National Financial Inc. is scheduled to be spun off to shareholders on or about that date, S&P said. As a result, the title insurer and provider of escrow services would replace Emmis, which now ranks 400th in the index. S&P can be found on the Web at http://www.standardandpoors.com.
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The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
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The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
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The top five producers had an average dollar volume of VA and USDA loans of more than $35 million in 2023.
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The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
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While income decreased from the fourth quarter, it accelerated on an annual basis across NVR's building and lending units.
April 23 -
Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
April 23