NovaStar Financial Inc., Kansas City, Mo., has announced a one-for-four reverse stock split of its outstanding common stock.Immediately after the reverse split, NovaStar had approximately 9.47 million shares of stock outstanding, the company reported. The stock began trading July 30 under a new CUSIP number: 669947889. NovaStar can be found on the Web at http://www.novastarmortgage.com.
Jumbo lending helped offset a decline in June's credit numbers, as government-backed programs noticeably contracted, the Mortgage Bankers Association said.
Colorado homeowners pay the highest premiums at $463 a month, as insurance costs now exceed property taxes in 15 states, LendingTree found.
CPI inflation remains above the Federal Reserve's 2% target, but the slower rate of increase gives the central bank time to weigh the best course of action.
Movement Mortgage added to its operations leadership and Click n' Close named a new chief information officer.
The award is one-third of the $26 million settlement the parent company of three servicers agreed to earlier this year to settle claims from a 2021 data breach.
Michael Burry, a GSE investor and early predictor of the Great Financial Crisis, is eyeing the senior preferred liquidation preference and a 2028 deadline.
