Business

300 Pizza Huts close after a giant franchisee goes bankrupt

NPC International, which filed for Chapter 11 in July, announced an agreement with the owner of Pizza Hut on Monday Yum! Brands (YUM)roughly a quarter of its restaurants will close and sell the remaining locations. Specific restaurants and timing have not yet been determined, but NPC said a “substantial majority” …

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FHA mortgage forces reach a record, led by New Jersey

(Bloomberg) – Federal Housing Administration mortgages – the affordable path to home ownership for many first-time buyers, minorities and low-income Americans – now have the highest default rate in at least four decades. The share of late FHA loans rose nearly 2% in the second quarter, up about 9.7% in …

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