Zacks.com, the online unit of Zacks Investment Research Inc., Chicago, has identified four stocks, including Wells Fargo & Co., on its Brokerage Buy List portfolio.The portfolio consists of stocks that currently appear on the core recommended lists of at least three of the top 14 brokerage firms, Zacks said. The company noted that Wells Fargo's mortgage earnings were lower in the fourth quarter than they were a year earlier, but that most of its other businesses recorded double-digit earnings growth. "The company is a large-cap stock to own for the long term, according to three of the top brokerages," Zacks said. The other three stocks cited by Zacks from its Brokerage Buy List are Apache Corp., CVS Corp., and PepsiCo. The company can be found online at http://www.zacks.com.
-
The Community Home Lenders of America and the Community Associations Institute want the FHA to insure loans on condos approved by Fannie Mae and Freddie Mac.
9h ago -
The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.
10h ago -
Most lenders said they had already priced in the widely-anticipated decision to cut short-term rates for 30-year home loans but other products will benefit.
10h ago -
The deal for the Class A office building owner will be funded from Rithm's cash as well as liquidity on the balance sheets, plus possible co-investors.
September 17 -
Mortgage applications saw a significant jump for the second consecutive week, as homeowners took advantage of plummeting rates, the MBA said.
September 17 -
The government-sponsored enterprise is making changes to mortgage-backed securities and servicing disclosure files to support use of the advanced credit score.
September 17