AMB Property Corp., San Francisco, has announced the pricing of 8.0 million shares of its common stock at $58.78 per share.The company said it has granted the underwriters an option to buy up to 1.2 million additional shares to cover any overallotments. The joint bookrunners for the offering are Banc of America Securities, J.P. Morgan Securities, and Morgan Stanley & Co. AMB, an owner and operator of industrial real estate, can be found online at http://www.amb.com.
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Elevated delinquency levels have not affected expected losses, however, due to home price appreciation, Fitch Ratings said.
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Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
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A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
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The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
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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.
April 25