The official name of the Morgan Stanley REIT Index will be changed to the MSCI US REIT Index as of June 20, New York-based MSCI has announced.The company, whose majority shareholder is Morgan Stanley and whose minority shareholder is Capital International Inc., said the index will continue to be calculated with dividends reinvested on a daily basis. The company said it will also introduce a price-only index that will be calculated in real time and distributed by the American Stock Exchange over Network B of the Consolidated Tape Association and by MSCI to Reuters and Bloomberg. In addition, MSCI will assume from Amex the calculation and dissemination of all information about the MSCI US REIT Index as of June 20. MSCI can be found online at http://www.msci.com.
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Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
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The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
July 2 -
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
July 2 -
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
July 2 -
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
July 2 -
The Bureau of Labor Statistics report showed the labor force continued to expand but at a weaker rate than in recent months. The development weakens the case for a near-term rate hike.
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