Monday was the last day of trading for MacroShares Major Metro Housing Up Trust and MacroShares Major Metro Housing Down Trust. The depositor said a final distribution payment will be made on Jan. 6 to shareholders of record on Dec. 31 based on the underlying values of the trusts. The trusts' values will be determined based on the Nov. 24 release of the reference value of the S&P/Case-Shiller Composite-10 Home Price Index, plus or minus any interest or expense accrued in the trust for the period.
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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.
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ICE launched a fraud detection tool for underwriters, Newrez partnered with Matic and Rate announced a free home equity monitoring tool this month.
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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.
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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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