Capstead Mortgage Corp., a Dallas-based real estate investment trust, has priced a public offering of 10 million shares of common stock at $9.75 per share.The company said the net proceeds of the offering will be used to finance the purchase of additional adjustable-rate mortgage agency securities and for general corporate purposes. Bear, Stearns & Co., Keefe, Bruyette & Woods Inc., and JMP Securities LLC are the joint book-running managers of the offering. The underwriters have been granted an option to buy up to an additional 1.5 million shares to cover any overallotments. The REIT can be found online at http://www.capstead.com.
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Elevated delinquency levels have not affected expected losses, however, due to home price appreciation, Fitch Ratings said.
1h ago -
Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
1h ago -
A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
2h ago -
The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
4h ago -
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