Loandepot pushed back against a lawsuit accusing it of violating the loan officer compensation rule, alleging the court case is full of threadbare allegations. Five borrowers sued the lender in July, claiming they were steered to higher rates via a long-running scheme in which loan officers who did not participate faced punishment. The megalender this […]
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New-home sales in the U.S. unexpectedly surged in August to the fastest pace since early 2022, likely lifted by builders’ rampant price cuts and sales incentives to motivate buyers in a jittery economy. Sales of new single-family homes increased 20.5% to a 800,000 annualized rate in a broad advance, according to a government report issued
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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
Flood insurer Neptune’s backers seek $368 million in IPO Read More »