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 lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
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Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
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Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
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The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
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But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
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Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
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