Brandywine Realty Trust, Plymouth Meeting, Pa., has closed on a $600 million unsecured revolving line of credit with a group of 19 lenders.The real estate investment trust said the facility has a four-year term, with a one-year extension option. The line of credit is priced at 80 basis points above the London interbank offered rate, based on the company's current credit rating. The syndicate was led by J.P. Morgan Securities Inc. and Banc of America Securities LLC. The REIT can be found online at http://www.brandywinerealty.com.
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The rise in completed modifications occurred as many other loan performance indicators plateaued, and may reflect the temporary impact of recent rule changes.
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The Department of Housing and Urban Development got 67 responses to its request for information regarding the FHA program's Minimum Property Requirements.
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Mortgage applications rose 0.4% on a seasonally adjusted basis from one week prior for the period ending June 26, according to the MBA's Market Composite Index.
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Homeowners accuse the home equity investment company of breaking the law for suggesting that its home equity investment product isn't a mortgage.
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The fee hike, which also raises the cost of assumptions, is part of the House pay-as-you-go rules to support a proposed expansion of veterans benefits.
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Mortgage fintechs are attracting investor attention and dollars with agentic AI processes in new origination-focused platforms and assistants.
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