Agree Realty Corp., Farmington Hills, Mich., has exercised its option to extend the maturity date of its $55 million line of credit from November 2009 to November 2011. All other terms of the agreement remain unchanged. This includes that the company can continue to choose to pay interest on the facility at a rate of 100 basis points over Libor or at the prime rate. Excluding this facility, the company has no debt expirations before 2015.
The lender said it closed its Eleven Mortgage brand and its correspondent business to focus on retail, and did not elaborate on potential layoffs.
Gold Star Mortgage hasn't said whether it suffered a data breach after cybercriminals claim to have compromised over 10,000 documents from the lender.
The guidance reflects a mortgage servicing rights market that has broadly included the customer value in refinancing for over a decade, experts say.
With little action towards privatization this year, the timeline in 2027 is also narrowing as the focus shifts to the 2028 election, Bose George said.
The White House's top economist says inflation is already at the Fed's 2% target and suggested that further rate hikes could jeopardize growth.
Self-employed borrowers account for 40.9% of the pool, but they are high earners and the pool has moderate leverage.
