Zacks.com, the online unit of Zacks Investment Research Inc., Chicago, has identified Colonial Properties Trust, a real estate investment trust, as one of the stocks listed on a Zacks "profit track" that has outperformed the S&P 500 for the past four years.The REIT, which appears on the Zacks High Rank Value Profit Track, "has an appealing valuation, as evidenced by its price-to-earnings multiple of 11.52 and price-to-book multiple of 1.22," Zacks reported. The company posted third-quarter earnings of $0.93 per share, beating consensus estimates by 3%, according to Zacks. The High Rank Value Profit Track generated a 28.3% return in 2004, Zacks said. The criteria for inclusion are a P/E ratio below 15, a P/B ratio below 3, and a Zacks rank of #1 or #2. Zacks can be found online at http://www.zacks.com.
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The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
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The top five producers had an average dollar volume of VA and USDA loans of more than $35 million in 2023.
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While income decreased from the fourth quarter, it accelerated on an annual basis across NVR's building and lending units.
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Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
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Prevention through new building standards and mapping technology aim to keep home insurance rates down but mortgage bankers see challenges.
April 23 -
The mortgage lender and servicer announced that Ranjit Bhattacharjee, a capital markets veteran, and Kevin Barker, a financial analyst with two decades of experience, have joined its ranks.
April 23