Household International Inc., Prospect Heights, Ill., will be removed from the S&P 500 Index following the close of trading on March 28.Standard & Poor's said it is making the move as a result of the pending acquisition of Household by HSBC Holdings plc, the international banking giant. In a related move, Fair Isaac & Co., San Rafael, Calif., the company that created the formula behind credit scoring, is moving from the S&P SmallCap 600 to the S&P MidCap 400 Index, replacing Symantec Corp., the company that will replace Household in the S&P 500.
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The Rithm subsidiary plans to reduce its involvement in decentralized operations through an agreement with the American Pacific Mortgage affiliate.
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A week after falling to its lowest point since mid-May, the 30-year fixed rate mortgage turned higher as the 10-year Treasury rose 15 basis points since June.
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Realtor.com's latest forecast projects prices will grow 1.2% in 2026, lower than its original estimate of 2.2% and well below the current pace of inflation.
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A new class action lawsuit accuses the banking giant of failing to lower borrowers' interest rates following a series of Federal Reserve rate cuts.
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The fintech's Figure Connect private credit loan exchange has grown to account for 56% of total consumer marketplace activity in early 2026.
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However, for the second quarter, increased home purchase mortgage activity contributed to an industry-wide 11% increase in agency securitizations, BTIG said.
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