Fieldstone Investment Corp., a real estate investment trust that originates both nonconforming and conforming mortgages, has been given a No. 5 (Strong Sell) rating by Zacks.com, Chicago.Zacks pointed to a drop in analysts' earnings estimates for Fieldstone, which now stand at $0.84 per share, down $0.12 over the past 30 days. Fieldstone missed its earnings estimates for the second quarter by $0.04 per share, and the results were 70% below those of the same period in 2005, Zacks said. Zacks can be found online at http://www.zacks.com.
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AD Mortgage sent a letter to the FHFA explaining the importance of the limited review process in facilitating access to conventional condo financing.
July 17 -
With margins remaining compressed, Bill Cosgrove sees mortgage industry consolidation continuing in the near future, and Union Home will be a player.
July 17 -
The large nonbank mortgage company is replacing a multibillion-dollar facility it took out last year before the Mr. Cooper and Redfin deals closed.
July 17 -
Lenders are still frequent targets of the class action complaints over unwanted mortgage solicitations, violations that have netted litigants big paydays.
July 17 -
Cities in two southern states dominate the list for real estate, affordability, and quality of life, according to WalletHub.
July 17 -
Jay Farner takes a majority ownership stake in Detroit's professional soccer franchise through the investment group he launched after leaving Rocket in 2023.
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