Meanwhile, Ruth's Chris Steak House will replace New Century Financial on the S&P SmallCap 600 index after the close of trading March 7, Standard & Poor's has announced.S&P said New Century, whose share price dived 70% on March 5, had fallen below the $300 million minimum market capitalization required for listing on the index. As of the close of trading on March 5, New Century's capitalization stood at approximately $253 million, S&P reported. S&P can be found online at http://www.standardandpoors.com.
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The national delinquency rate rose 15 basis points to 3.5% last month due to a calendar anomaly, marking a 4.5% month-over-month incline and 9.4% annual change.
June 26 -
ICE launched a fraud detection tool for underwriters, Newrez partnered with Matic and Rate announced a free home equity monitoring tool this month.
June 26 -
Nearly one-third of states now have official nonbank standards for liquidity, capital and corporate governance that firms over a certain threshold must meet.
June 26 -
KBW now rates UWM as outperform, and BTIG calls the stock a buy, but both cite high leverage levels and industry macro trends depressing its stock price.
June 26 -
If approved, the deal can provide relief for the approximately 662,000 individuals affected by an incident at the mortgage vendor last November.
June 26 -
Properties outside of the 100-year flood zone exposed to $375 billion to $1 trillion in losses, Moodys reports
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