The company released a statement that the NYSE also suspended trading of its securities. “The NYSE reached its decision to delist the Company's securities pursuant to Section 802.01B of the NYSE's Listed Company Manual because the company has fallen below the NYSE's continued listing standard that requires listed companies to maintain an average global market capitalization over a consecutive 30 trading day period of at least $15 million,” the statement said, adding that it expected to have its shares traded in the over-the-counter market.
Ditech added that it would continue to file periodic and certain other reports with the Securities and Exchange Commission and that the delisting would not impact its operations.
Title company’s chief economist says history shows rising mortgage rates may take the steam out of rising house prices, but don’t necessarily trigger a decline.
The housing market is “normalizing” as affordability rapidly declines, forcing both buyers and sellers to adjust their expectations, according to a new report.
First American Financial Corp., a provider of title, settlement, and risk solutions for real estate transactions, ...
About 12% of customers may have been affected, according to a source.
Updated at 3:30 p.m. on 5/27/22
Equifax, one of the country’s three largest consumer credit reporting agencies, is telling lenders that a coding issue introduced during a technology change to its legacy online model platform may have resulted in the miscalculation of certai...