Standard & Poor's has announced that Realty Income Corp., Escondido, Calif., will replace Nuveen Investments Inc. in the S&P MidCap 400 Index after the close of trading on Nov. 13.Realty Income, a constituent of S&P's REIT Composite, engages in the acquisition and ownership of commercial real estate. Nuveen is being replaced in the index because it is being acquired by an investor group.
-
The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
41m ago -
The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
4h ago -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
7h ago -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
9h ago -
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
9h ago -
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
April 24