AvalonBay Communities Inc., an apartment development and management company based in Alexandria, Va., has priced $500 million of medium-term unsecured notes.The offering consists of $250 million of five-year notes and $250 million of 10-year notes, AvalonBay said. The 5.50% five-year notes, due Jan. 15, 2012, were priced at 99.619, and the 5.75% 10-year notes, due Sept. 15, 2016, were priced at 99.478. AvalonBay can be found online at http://www.avalonbay.com.
Bright partnered with real estate data and analytics platform HouseCanary to deliver exposure on Google at no additional cost or operational efforts.
The move may have been related to the government-sponsored enterprise's duration gap but could also have resulted from many other considerations.
The lawsuit is the third against a California-based mortgage company this month after revelations of another early-2026 incident at a wholesale lender.
The Bank of International Settlements compared the recent AI investment frenzy to the canal mania of the 1830s, the British railway craze of the 1840s and the dot-com boom of the late 90s.
Fake jumbo mortgages are helping non-agency securitization growth, but these loans could have higher than expected delinquency rates, an analysis said.
Of the alternative documentation used, bank statements looking back 12-23 months, accounted for 41.6% of that group.
