Capital Title Group Inc., Scottsdale, Ariz., has announced a public offering of 6.85 million shares of common stock at $6 per share.Capital Title said 5.0 million shares are being sold by the company and the remainder are being sold by selling stockholders. The underwriters have been given a 45-day option to buy up to approximately 1.03 million additional shares to cover any overallotments. Ryan Beck & Co. is the lead manager of the offering, and Sanders Morris Harris Inc. is the co-manager.
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This data release means another milestone for the use of updated credit score models than the current FICO Classic has been met by Fannie Mae and Freddie Mac.
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The real estate and fintech company completed the purchase of 100% of Mortgage One Group, marking a major step in its push into AI financing.
9h ago -
The rise in completed modifications occurred as many other loan performance indicators plateaued, and may reflect the temporary impact of recent rule changes.
9h ago -
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.
July 1 -
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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