Zacks.com, the online unit of Zacks Investment Research Inc., Chicago, has spotlighted two real estate investment trust stocks listed on a Zacks "profit track" that has beaten the S&P 500 every year since 2001.The two REITs, which appear on the Zacks Growth and Income Profit Track, are New Century Financial Corp., Irvine, Calif., and RAIT Investment Trust, Philadelphia. New Century is yielding "an impressive 18.43%," while RAIT is yielding 9.38%, Zacks reported. The Growth and Income Profit Track's returns have beaten the S&P 500's since its inception in 2001, despite the fact that it is "oriented towards longer-term and lower-risk stocks," Zacks said. The company can be found online at http://www.zacks.com.
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The rise in completed modifications occurred as many other loan performance indicators plateaued, and may reflect the temporary impact of recent rule changes.
46m ago -
The Department of Housing and Urban Development got 67 responses to its request for information regarding the FHA program's Minimum Property Requirements.
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Mortgage applications rose 0.4% on a seasonally adjusted basis from one week prior for the period ending June 26, according to the MBA's Market Composite Index.
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Homeowners accuse the home equity investment company of breaking the law for suggesting that its home equity investment product isn't a mortgage.
10h ago -
The fee hike, which also raises the cost of assumptions, is part of the House pay-as-you-go rules to support a proposed expansion of veterans benefits.
10h ago -
Mortgage fintechs are attracting investor attention and dollars with agentic AI processes in new origination-focused platforms and assistants.
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