September 2025

Flood insurer Neptune’s backers seek $368 million in IPO

Flood insurance company Neptune Insurance Holdings Inc.’s shareholders are seeking to raise $368.4 million in a US initial public offering, adding to the flow of insurance firms debuting this year.  The St. Petersburg, Florida-based company plans to market 18.4 million shares for $18 to $20 each, according to its filing Monday with the U.S. Securities and Exchange […]

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Mortgage applications increase as rates fall to 12-month low

Following another decline in mortgage rates, mortgage applications increased 0.6% from one week earlier, per data from the Mortgage Bankers Association (MBA)’s weekly mortgage applications survey for the week ending Sept. 19, 2025. Without adjusting for seasonality, the index increased 0.1% compared with the previous week. A key driver of applications was the refinance share

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