Digital Realty Trust Inc., Menlo Park, Calif., has announced a public offering of 3 million shares of series A cumulative redeemable preferred stock at $25 per share.The company said it intends to use the proceeds to repay borrowings under its unsecured credit facility, for possible real estate acquisitions, and for general corporate purposes. The underwriters have been granted an option to buy up to 450,000 additional shares to cover any overallotments. The joint book-running managers of the offering are Citigroup and UBS Investment Bank, and Merrill Lynch & Co. is the co-lead manager.
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Elevated delinquency levels have not affected expected losses, however, due to home price appreciation, Fitch Ratings said.
6h 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.
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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.
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The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
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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.
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