Standard & Poor's has announced that CB Richard Ellis Group Inc., El Segundo, Calif., will replace BellSouth Corp. in the S&P 500 Index.CBRE, a commercial real estate services firm, will be added to the Real Estate Management and Development Sub-Industry Index of the S&P 500 following the close of trading Oct. 12, S&P said. BellSouth is being removed because it is being acquired by AT&T, a constituent of the S&P 500.
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Ohio-based Liberty Home Mortgage joins several companies who started using a more modernized FICO credit score for nonconforming mortgage originations recently.
9h ago -
The CFPB has dissolved the Office of Supervision, Enforcement and Fair Lending and eliminated the job of associate director in a move that impacts how it designates nonbanks for supervision.
10h ago -
The plan that the Federal Housing Finance Agency floated calls for Freddie Mac to actively invest in some new closed-end seconds as cash-out refinancing subsides.
April 17 -
The push comes amid what one expert highlighted as lax funding efforts for two Department of Housing and Urban Development grant programs.
April 17 -
Conventional lending drove volumes higher, particularly in the purchase market, the Mortgage Bankers Association said.
April 17 -
Net charge-offs at the Charlotte, North Carolina-based bank increased by more than 80% in the first quarter compared with a year earlier. BofA executives say that the rising losses were in line with the bank's risk appetite.
April 16