The company granted the underwriters an option for 30 days to purchase up to an additional 450,000 shares of Class A common stock. The offering is expected to close on Wednesday, March 13, subject to customary closing conditions.
Barclays Capital Inc. and Credit Suisse Securities (USA) LLC are joint bookrunning managers for the offering. Ladenburg Thalmann & Co. and Compass Point Research & Trading LLC are serving as co-managers.
Horton, who stepped back from an executive role at his company D.R. Horton in October, died suddenly on Thursday.
A recommendation to give Ginnie Mae expanded authorities is drawing focus in the reactions to a Financial Stability Oversight Council report on nonbank risks.
The April and May announcements from the U.S. government, down payment assistance firms and lenders on easing the homeownership affordability crunch.
Rohit Chopra, director of the Consumer Financial Protection Bureau, said Friday that the agency will be moving forward with rules and enforcement actions after the defeat of a Supreme Court challenge to the agency's constitutionality.
Roam Boost eases the path for FHA and VA mortgages held by sellers to be assumed by the buyer.
The House Financial Services Committee passed eleven bills, including a Democratic-sponsored bill on homeless veteran housing and a Republican-led package on bank regulation.
