The stocks of three real-estate-related companies will be added to the Russell 3000 and the Russell 2000 indices on July 1, and two of them will be added to another Russell index.E-Loan Inc., an online mortgage, home equity, and auto lender based in Pleasanton, Calif., and Delta Financial Corp., a nonconforming mortgage lender based in Woodbury, N.Y., are scheduled to be listed on the Russell 3000 Index, the Russell 2000 Index, and the new Russell Microcap Index. (Membership in the Russell 3000 means automatic inclusion in either the large-capitalization Russell 1000 Index or the small-cap Russell 2000, the companies said.) American Retirement Corp., a national provider of senior-living housing and care, will be added to the Russell 3000 and the Russell 2000. The indices are published by Russell Investment Group, Tacoma, Wash., which can be found on the Web at http://www.russell.com
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The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
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The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
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But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
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The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
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The tool will provide helpful HELOC-related information to customer support staff to streamline the application process, Figure said Thursday.
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The five states with the lowest property taxes have an average effective real-estate tax rate of 0.44%.
April 18