First Industrial Realty Trust Inc., a Chicago-based real estate investment trust, has announced that its operating partnership, First Industrial LP, has priced an offering of $175 million of exchangeable senior unsecured notes.The offering was made to qualified institutional buyers under rule 144A of the Securities Act of 1933. The operating partnership has granted the initial purchasers an option to buy up to $25 million in additional principal amount of notes to cover any overallotments. The REIT said the notes will have an initial exchange rate of approximately 19.6356 common shares per $1,000 principal amount.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
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Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
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Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
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Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
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Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
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Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
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