Foreclosed houses and short sales represented only 33% of the home purchase market in April, down from 35.6% in March and well...
Asset Management Specialists, a national REO foreclosure-property preservation firm, engaged Distressed Asset Logistics (DAL)...
Old Republic International Corp. ($13.93 0%) said keeping its money-losing mortgage-insurance operation became a better option after stakeholders objected that their interests could have been hurt by a separation, Bloomberg reported Tuesday.
“We ultimately decided that backing off from the spinoff strategy would be, in the long run, a less daunting task from a pure business-management standpoint,” Chief Executive Officer Aldo Zucaro said in a conference call.
Old Republic shares plunged 22% in two trading days following a June 22 announcement that it had halted the spinoff for its Republic Financial Indemnity Group unit after facing resistance.
Read the full article here.
Don’t miss out: get HW delivered via email