AmeriVest Properties Inc., a Denver-based real estate investment trust, has announced a suspension of the payment of its common dividend for the first quarter.The REIT said the move was made to maximize its ability to complete a "strategic transaction" in a timely manner. The company noted that its board of directors retained Bear Stearns in November to evaluation strategic options, including a possible sale or recapitalization of all or a portion of its properties. The REIT specializes in acquiring and operating multitenant office buildings for small and medium-size businesses in Denver, Phoenix, Dallas, and Indianapolis. It can be found online at http://www.amvproperties.com.
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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.
10h ago -
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.
10h ago -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
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Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25