United Mobile Homes Inc., a real estate investment trust based in Freehold, N.J., has been added to the Morgan Stanley REIT Index as part of the quarterly rebalancing of the index.The REIT said the index is a market capitalization-weighted, total-return index of REITs that meet certain liquidity requirements. Stocks are selected "based on a prescribed set of selection criteria and rebalancing rules that should permit investors to replicate index performance," the manufactured housing REIT said. The company can be found online at http://www.umh.com.
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Flatworld Mortgage Solutions says its former vice president breached his employment agreements by soliciting its customers as he formed a rival offshoring firm.
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The HomeSafe Second product is now available in more than one third of all states, according to the reverse mortgage specialist.
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The Department of Housing and Urban Development agreed to do more to manage due-and-payable obligations contingent on the availability of certain resources.
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The ex-housing official is returning to a previous employer with the aim of helping guide the firm through an evolving landscape in federal policy.
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The Aspire business reported $2.1 billion of lock volume, up 32% from the first quarter, but total production at the REIT fell to $8 billion from $8.5 billion.
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