Ashford Hospitality Trust, a real estate investment trust based in Dallas, has priced a follow-on public offering of 10.6 million shares of common stock at $11.15 per share.Merrill Lynch & Co. and Morgan Stanley & Co. acted as the book-running managers of the offering. The underwriters were granted an option to buy up to approximately 1.51 million additional shares to cover any overallotments. The REIT can be found online at http://www.ahtreit.com.
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The new Financial Stability Oversight Council report also recommends an expanded Ginnie Mae PTAP facility and an industry-funded liquidity resource.
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The publicly traded title holding companies all had stronger earnings as the mortgage market improved from one year prior.
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One in every 37 residential properties nationwide had a loan-to-value ratio of 125% or greater to begin the year, according to a new report.
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There's temporary leeway on formal compliance with replacement-cost value requirements in order to sort out insurer concerns with a recent re-emphasis on them.
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Max Levchin, CEO of the buy now/pay later lender, said recent tests show young adults prefer interacting with intelligent chatbots over phone-based agents, but the company doesn't foresee major cost savings from generative AI for a few more years.
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Test your knowledge of the biggest mortgage headlines of the week. No. 2 pencil not required!
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