Capstead Mortgage Corp., a Dallas-based real estate investment trust, has priced a public offering of 8 million shares of common stock at $15.50 per share. The company said the net proceeds of the offering will be used to finance the purchase of additional agency adjustable-rate mortgage securities and for general corporate purposes. Bear, Stearns & Co. and Deutsche Bank Securities Inc. are the joint book-running managers of the offering. The underwriters have been granted an option to buy up to an additional 1.2 million shares to cover any overallotments. The REIT can be found online at http://www.capstead.com.
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But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
42m ago -
The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
2h ago -
The tool will provide helpful HELOC-related information to customer support staff to streamline the application process, Figure said Thursday.
4h ago -
The five states with the lowest property taxes have an average effective real-estate tax rate of 0.44%.
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Ohio-based Liberty Home Mortgage joins several companies who started using a more modernized FICO credit score for nonconforming mortgage originations recently.
April 17 -
The CFPB has dissolved the Office of Supervision, Enforcement and Fair Lending and eliminated the job of associate director in a move that impacts how it designates nonbanks for supervision.
April 17