First Potomac Realty Trust, Bethesda, Md., has priced a follow-on public offering of 3.0 million common shares of beneficial interest at $27.46 per share.First Potomac, a real estate investment trust, said the net proceeds of approximately $78.4 million will be used to fund pending acquisitions and to pay down the balance on a $125 million unsecured revolving credit facility. KeyBanc Capital Markets was the sole book-running manager for the transaction. First Potomac can be found online at http://www.first-potomac.com.
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Technology and customer service were the two largest categories within operational expenses last year, according to the Mortgage Bankers Association.
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Bright partnered with real estate data and analytics platform HouseCanary to deliver exposure on Google at no additional cost or operational efforts.
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The move may have been related to the government-sponsored enterprise's duration gap but could also have resulted from many other considerations.
June 29 -
The lawsuit is the third against a California-based mortgage company this month after revelations of another early-2026 incident at a wholesale lender.
June 29 -
The Bank of International Settlements compared the recent AI investment frenzy to the canal mania of the 1830s, the British railway craze of the 1840s and the dot-com boom of the late 90s.
June 29 -
Fake jumbo mortgages are helping non-agency securitization growth, but these loans could have higher than expected delinquency rates, an analysis said.
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