Jones Lang LaSalle, an international property services firm headquartered in Chicago and London, has been labeled the "Bull of the Day" by Zacks Equity Research, Chicago.Zacks said JLL "again handily surpassed our estimates" by $0.36 per share in the third quarter, chiefly as a result of higher-than-expected revenues. "Given the growing demand for commercial real estate services and transactional increases, we expect the company to continue driving revenues at a healthy pace," the research firm said. ".... There has been a sector-wide sell-off over the past three months, and JLL is very attractively valued relative to its long-term growth prospects." The companies can be found online at http://www.zacks.com and http://www.joneslanglasalle.com.
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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.
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Mortgage applications saw a significant jump for the second consecutive week, as homeowners took advantage of plummeting rates, the MBA said.
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The government-sponsored enterprise is making changes to mortgage-backed securities and servicing disclosure files to support use of the advanced credit score.
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Underserved markets advocates also want to keep the 30-year mortgage and do more to expand rural and manufactured housing while preserving low cost homes.
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As fulfillment spills into sales operations and artificial intelligence takes over more originator duties, executives emphasize maintaining a human in the loop.
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New research from National Mortgage News finds that nonbank mortgage firms are leading the pack of tech adopters, outpacing many financial institutions.
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