Triad Guaranty Inc., Winston-Salem, N.C., has notified NASDAQ that it will voluntarily delist its shares from the exchange. The nation's smallest MI is in the process of self liquidating and recently sold off its technology and other assets to Essent Guaranty, a new MI company based in Philadelphia. The delisting is expected to occur by the last week of December. The move follows receipt of a notice from Nasdaq that Triad was no longer in compliance with the rule to maintain a minimum bid price of $1 per share.
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Industry economists and analysts were predicting single digit quarter-to-quarter gains, but a trio of large banks had an over 30% rise in mortgage volume.
41m ago -
The shift, which is in line with a similar one by other regulators, could be significant for mortgage businesses that work with Fannie Mae and Freddie Mac.
2h ago -
Jumbo lending helped offset a decline in June's credit numbers, as government-backed programs noticeably contracted, the Mortgage Bankers Association said.
6h ago -
Colorado homeowners pay the highest premiums at $463 a month, as insurance costs now exceed property taxes in 15 states, LendingTree found.
6h ago -
CPI inflation remains above the Federal Reserve's 2% target, but the slower rate of increase gives the central bank time to weigh the best course of action.
9h ago -
Movement Mortgage added to its operations leadership and Click n' Close named a new chief information officer.
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