Equity Inns Inc., Germantown, Tenn., has priced a common stock offering of 5.25 million shares at $9.75 per share.The real estate investment trust has granted the underwriters an option to buy up to 787,500 additional shares to cover any overallotments. Citigroup is the sole book-running manager of the offering, and Friedman, Billings, Ramsey is the co-lead manager. The hotel REIT can be found on the Internet at http://www.equityinns.com.
The Housing for the 21st Century Act includes provisions covering policy, manufactured homes and rural infrastructure introduced in a prior Senate proposal.
Mortgage loan officer licensing saw its first rise since 2022 as Fannie Mae projects $2.4T in 2026 volume. Experts eye a market reset amid improving affordability.
The FHFA chief told Fox an offering could be done near term - but may not be - while a Treasury official addressed conservatorship questions at an FSOC hearing.
The secondary market regulator will formally publish its own rule on Feb. 6, after a comment period and without making changes to what it proposed in July.
Bowing to industry pressure, the Consumer Financial Protection Bureau is warning consumers with notices on its complaint portal not to file disputes about inaccurate information on credit reports, among other changes.
The mortgage technology unit at Intercontinental Exchange posted a profit for the third straight quarter, even as lower minimums among renewals capped growth.
