Fremont General Corp., the Brea, Calif.-based holding company for mortgage servicer Fremont Investment & Loan, will be removed from the S&P SmallCap 600 index after the close of trading March 3, Standard & Poor's has announced. S&P said Fremont has fallen below the $300 million minimum market capitalization required for listing on the index. As of the close of trading on Feb. 29, Fremont's capitalization stood at approximately $79 million, S&P reported. In addition, S&P said Pennsylvania Real Estate Investment Trust will be added to the SmallCap 600 after the close of trading on March 5. S&P can be found online at http://www.standardandpoors.com.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25