Nonprime lender New Century Financial Corp. has been added to the Russell 1000 Index, which includes the largest 1,000 securities in the Russell 3000 Index.New Century was previously a member of both the Russell 2000 Index and the Russell 3000 Index. "We are very pleased to become a member of the Russell 1000 Index as this accomplishment reflects our strong performance, continued growth and focus on increasing stockholder value," said Robert K. Cole, New Century's chairman and chief executive officer. "Additionally, we believe that being a member of this large-cap index will increase our visibility to the investment community," he said. New Century can be found online at http://www.ncen.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.
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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.
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The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
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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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