Bankrupt commercial real estate investment trust General Growth Properties Inc., Chicago, said a Brazilian shopping center venture it owns a stake in has completed an initial public offering in that country. GGP said it did not sell any of its Aliansce shares in the IPO and now has about a 31.4% interest in the company, Aliansce Shopping Centers S.A. The Brazilian company sold 50 million of the 65 million shares involved in the IPO at a price equivalent to $4.86 per share.
Attom expanded its artificial intelligence platform, eLend partnered with Ready4Remodel to increase renovation financing and Keller Williams teamed up with Rejig.ai.
Several lawsuits filed this year have painted the shared appreciation agreements as misleading, and suggest they should be treated as mortgage loans.
A series of tornadoes and severe hailstorms across the Central U.S. turned Midwestern states into claims hotspots in the second quarter, according to Verisk.
The Federal Housing Administration's proposed changes to property standards could open up origination opportunities for lenders comfortable with the updates.
Zillow said the filing doesn't address any of the issues highlighted in the previous dismissal, and asked the court to dismiss the new complaint with prejudice.
Almost all five A1 tranches benefit from credit enhancement levels of 26.10%. The A1A tranche, however, has a credit enhancement level of 36.10%.
