First Union Real Estate Equity and Mortgage Investments, a Boston-based real estate investment trust, has announced a proposed merger with Atlantic Realty Trust.First Union also reported the acquisition of 9.75% of Atlantic's outstanding shares of beneficial interest. Under the proposal, filed Jan. 12 with the Securities and Exchange Commission, Atlantic would be merged into First Union.
Because of rising home values, more transactions have proceeds over the federal tax exemption, especially in California, a CoreLogic study found.
Texas Capital Bank wants to bring the Administrative Procedures Act into the case, but Ginnie Mae said the legal proceedings are outside its scope.
Better's home equity loan product can be originated in a week or less, the company says.
The top five producers had an average dollar loan volume of more than $140 million in 2023.
The threats to companies loom as borrowers face soaring homeowners insurance costs, ex-Ginnie Mae head Ted Tozer explains.
After several quarters of slumping investment banking and trading fees, the Charlotte, North Carolina-based company reported a big uptick from that division, which helped compensate for a large decline in net interest income.
