Zacks.com, Chicago, has placed Old Republic International Corp., Chicago, on its list of Stocks to Sell Now.The ranking of 4 (Sell) given to Old Republic, is one step below the worst ranking, 5 (Strong Sell). The company noted that stocks with the 4 (Sell) ranking should be avoided over the next one to three months. In its synopsis of why Old Republic should be sold by investors, Zacks.com said the company's third-quarter earnings fell short of consensus by about 9% because of the mortgage (Republic Mortgage Insurance Co.) and title insurance (Old Republic Title Insurance Co.) groups.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
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Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
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Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
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Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
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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.
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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.
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