Standard & Poor's has announced that Investors Real Estate Trust will replace Crescent Real Estate Equities Co. in the S&P REIT Composite Index after the close of trading on Aug. 3.IRET, a Minot, N.D.-based REIT engaged in the ownership and operation of residential, commercial, office, and retail properties in the United States, will replace Crescent because the latter is scheduled to be acquired by Morgan Stanley Real Estate on or about that date, S&P reported. S&P can be found online at http://www.standardandpoors.com.
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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.
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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.
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Prevention through new building standards and mapping technology aim to keep home insurance rates down but mortgage bankers see challenges.
April 23