Bimini Mortgage Management Inc., Vero Beach, Fla., a real estate investment trust that invests chiefly in residential mortgage-backed securities, has announced the pricing of its initial public offering of common stock at $14.50 per share.Bimini was formed in September 2003 to invest primarily in residential MBS issued by Fannie Mae, Freddie Mac, and Ginnie Mae. The managing underwriter for the offering is Flagstone Securities LLC. The underwriters have been granted an option to buy up to 750,000 additional shares at the IPO price to cover any overallotments, the REIT said. The company's class A common stock began trading Thursday on the New York Stock Exchange under the symbol BMM.
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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.
April 25 -
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.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
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