A special committee of Eagle Hospitality Properties Trust Inc., Covington, Ky., has acknowledged the receipt of a letter from Corporex Cos. proposing to acquire all the outstanding common stock of Eagle not already owned by Corporex or its affiliates.Eagle said the Special Committee, which was formed to explore strategic options, has instructed Morgan Stanley, its financial adviser, to continue to solicit indications of interest in a possible sale of the company. The Corporex letter will be reviewed in this context, Eagle said. The company, a real estate investment trust, can be found online at http://www.eaglehospitality.com.
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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.
7h ago -
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.
8h ago -
The plan that the Federal Housing Finance Agency floated calls for Freddie Mac to actively invest in some new closed-end seconds as cash-out refinancing subsides.
11h ago -
The push comes amid what one expert highlighted as lax funding efforts for two Department of Housing and Urban Development grant programs.
April 17 -
Conventional lending drove volumes higher, particularly in the purchase market, the Mortgage Bankers Association said.
April 17 -
Net charge-offs at the Charlotte, North Carolina-based bank increased by more than 80% in the first quarter compared with a year earlier. BofA executives say that the rising losses were in line with the bank's risk appetite.
April 16