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.
A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
