Boykin Lodging Company, Cleveland, has notified the Securities and Exchange Commission that it will not file its 10-K financial statement for the year ended December 31, 2003, by March 15.The lodging real estate investment trust reports that it is currently reviewing the accounting treatment related to a Doubletree Kansas City property that was acquired in November 1997. The seller of the property had some "tax increment financing" obligations on the property which have been assumed by a subsidiary of Boykin. And the REIT is now reviewing "whether and to what extent these obligations should be reflected as liabilities and related assets" on its balance sheet. However, the REIT expects to file the form 10-K by March 30, 2004.
-
The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
March 28 -
Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
March 28 -
Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
March 28 -
The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
March 28 -
But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
March 28 -
Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
March 28