Zacks.com, the online unit of Zacks Investment Research Inc., Chicago, has placed General Growth Properties on its #5 Rank List -- Stocks to Sell Now.The Chicago-based real estate investment trust recently reported funds from operations of $0.91 per share, $0.10 below analysts' projections and the second straight quarterly shortfall, Zacks said. The REIT's guidance -- FFO of $3.27-3.37 per share for 2006, versus a previous consensus estimate of $3.48 per share -- was also disappointing, Zacks said. Zacks noted that nine of the 13 analysts that cover GGP have cut their forecasts, dropping the consensus estimate to $3.38 per share. Zacks can be found online at http://www.zacks.com.
-
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
32m ago -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
2h ago -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
3h ago -
While home lenders are seeing a decrease in issues coming through mobile channels, phone fraud spiked last year, accounting for 28% of losses, a new report found.
5h ago -
The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
April 24 -
The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
April 24