PS Business Parks Inc., a real estate investment trust based in Glendale, Calif., will replace Diagnostic Products Corp. in the S&P SmallCap 600 Index after the close of trading July 27, Standard & Poor's has announced.S&P said the reason for the change is that Diagnostic is being acquired by Siemens AG. PS Business Parks acquires, develops, owns, and operates commercial properties, with a special focus on flex, multitenant office, and industrial space. S&P can be found online at http://www.standardandpoors.com, and PS Business Parks can be found at http://www.psbusinessparks.com.
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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.
6h 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.
7h 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.
10h ago -
The push comes amid what one expert highlighted as lax funding efforts for two Department of Housing and Urban Development grant programs.
11h ago -
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