Ramco-Gershenson Properties Trust, Farmington Hills, Mich., has announced a favorable conclusion to a long-standing tax dispute with the Internal Revenue Service.The real estate investment trust said the IRS has allowed the statute of limitations (as previously extended) to expire for the taxable years 1996-2000. "No tax deficiencies were assessed, nor did the Internal Revenue Service choose to pursue its proposed disqualification of the company as a REIT with respect to any such taxable year," Ramco said. The shopping center REIT can be found on the Web at http://www.ramcogershenson.com.
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JPMorganChase and Bank of America raised concerns about the proposed removal of risk-weighted assets from the denominator of the short-term wholesale funding component of the GSIB surcharge — changes backed by Goldman Sachs and Morgan Stanley.
June 26 -
House Speaker Mike Johnson, R-La., reportedly plans to send the recently passed housing bill to the White House on Monday, starting a 10-day clock for the president to sign the bill.
June 26 -
The national delinquency rate rose 15 basis points to 3.5% last month due to a calendar anomaly, marking a 4.5% month-over-month incline and 9.4% annual change.
June 26 -
ICE launched a fraud detection tool for underwriters, Newrez partnered with Matic and Rate announced a free home equity monitoring tool this month.
June 26 -
Nearly one-third of states now have official nonbank standards for liquidity, capital and corporate governance that firms over a certain threshold must meet.
June 26 -
KBW now rates UWM as outperform, and BTIG calls the stock a buy, but both cite high leverage levels and industry macro trends depressing its stock price.
June 26









