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 bipartisan legislation aimed at reducing barriers to new home construction, which included certain community bank riders, passed the lower chamber by a 358-32 vote.
Tech companies may be the biggest winners of a custodial deposit provision tucked away in a much-touted bipartisan housing bill set to become law this week.
Affected team members were offered severance, and some have received opportunities to remain with the company, a Pennymac spokesperson said.
Cybersecurity platforms said infiltrators gained access to terabytes of data with a wealth of personal information, but the lender disputed reported numbers.
The change aims to address hurdles in the onboarding process, which many have cited as a point of friction in mortgage servicing.
The latest postponement comes after a UWM filing states that Two Harbors shareholders are rejecting the deal, with 54% voting no as of June 12.
