The common stock of United Financial Mortgage Corp., Oak Brook, Ill., has been approved for listing on the Nasdaq SmallCap Market, according to UFMC.The company said the first trading date for its stock on Nasdaq is expected to be May 18, and that it will continue to trade on the American Stock Exchange until the close of business on May 17. The expected ticker symbol is UFMC. Steve Khoshabe, president and chief executive officer of UFMC, said the company has been pleased with its dealings with Amex but that the move to Nasdaq is expected to "improve the liquidity in our common stock and increase our visibility, while at the same time providing investors in our common stock with better pricing and faster execution." The company can be found online at http://www.ufmc.com.
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The bank is accusing its fintech rival of racketeering for raiding its offices across nine states and stealing an untold amount of confidential information.
September 12 -
Lenders may not be able to fully respond to the broader government-sponsored enterprises' rollout of VantageScore 4.0 yet but there is one thing they can do now.
September 11 -
Sellers are easing demands as rates hit 15-month highs, giving buyers leverage. Originators: target sideline buyers before next week's Fed hike lifts rates further.
September 11 -
The decrease in jumbo availability accounted for much of the drop in the latest mortgage credit index, as conforming and government offerings were unchanged.
September 11 -
The consumer price index rose 0.4% last month, in line with July's reading. For a monetary policy committee that has been split on inflation, the inconclusive report will compel the Fed to make a call on whether to raise interest rates or stay put.
September 11 -
Abacus Federal Savings Bank in Chinatown scrambled to reopen in the days following the World Trade Center attacks. The exercise resulted in the bank's first disaster-recovery plan.
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