American Spectrum Realty, a Houston-based real estate investment and management company, has announced an offer to buy up to 485,000 common shares (approximately 4.9%) of Hartman Commercial Properties REIT for $10 per share.American Spectrum said the offer is being made directly to Hartman shareholders and is not conditioned on financing, the tendering of a minimum number of shares, or any approval by Hartman. The offer expires on Feb. 28, 2007, unless extended, the company said.
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The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
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The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
April 24 -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
April 24 -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
April 24 -
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
April 24 -
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
April 24