American Home Mortgage Investment, Melville, N.Y., has filed a universal shelf registration statement with the Securities and Exchange Commission for the issuance of up to $500 million in equity and debt securities.Michael Strauss, chairman and CEO, AHMI, said in a statement released by the real estate investment trust that "the purpose of this shelf registration statement is to provide American Home with additional financial liquidity and flexibility to access the capital markets on a timely and cost effective basis. Once the registration statement is effective, depending on market conditions, we will have the ability to periodically raise capital for financing mortgage portfolio investments, increasing the size of our lending operations and for other general corporate purposes." The registration was not yet effective as of the morning of Dec. 24, according to the REIT.
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Private residential construction spending rose 0.3% from April and 1.8% from a year ago to a seasonally adjusted annual rate of $930.2 billion in May.
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Artificial intelligence is fueling litigation risks, from consumer lawsuits against servicers, to more repurchase requests, and vulnerabilities through vendors.
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A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
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Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
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The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
July 2 -
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
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