Annaly Capital Management Inc. has announced an agreement by Chimera Investment Corp. to sell approximately 33.3 million shares of common stock at $15 per share in an initial public offering.Chimera will be externally managed by Fixed Income Discount Advisory Co., a wholly owned subsidiary of Annaly. Annaly said it will acquire 9.8% of Chimera's outstanding shares. Merrill Lynch & Co., Credit Suisse, and Deutsche Bank Securities are the joint book-running managers of the IPO. Annaly, a real estate investment trust, can be found online at http://www.annaly.com.
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A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
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The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
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The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
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The top five producers had an average dollar volume of VA and USDA loans of more than $35 million in 2023.
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The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
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While income decreased from the fourth quarter, it accelerated on an annual basis across NVR's building and lending units.
April 23