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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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
3h ago -
In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
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The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
April 18 -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
April 18 -
But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
April 18 -
The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
April 18