Corporate Office Properties Trust, a real estate investment trust based in Columbia, Md., has priced an offering of 3.0 million shares of 7.625% series J cumulative redeemable preferred stock at $25 per share.The issue is expected to produce gross proceeds of $72.4 million, the office REIT said. The underwriters were granted an option to buy up to 450,000 additional shares to cover any overallotments. Wachovia Capital Markets LLC was the book-running manager of the issue. The REIT can be found online at http://www.copt.com.
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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.
9h ago -
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.
9h ago -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
9h ago -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
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Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25