Washington Mutual Inc., Seattle, will be removed from the S&P 500 after the close of trading on Sept. 29, Standard & Poor's has announced. WaMu was closed by the Office of Thrift Supervision on Sept. 25 and its banking operations were purchased by JPMorgan Chase. It will be replaced in the S&P 500 by Flowserve Corp., a manufacturer of flow control services.
A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
