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.
Federal Reserve Vice Chair for Supervision Michelle Bowman said Friday that she believes price growth is still heading toward the central bank's 2% target when factoring out one-time shocks such as tariffs and elevated oil prices.
Consumers sued 11 more industry players in the past two months over alleged unwanted contact, as the pace of spam call class action cases increases.
Deephaven expanded its HELOC product for wholesale lenders, Attom launched an AVM model and First American added an AI assistant to its title platform.
The Canadian-American bank's first AI agent does the work of gathering any missing documents and verifying data for mortgage applications.
This is the fourth settlement MV Realty reached in the last two months over its controversial homeownership benefits program, which is now illegal in 33 states.
Mortgage payments climbed to a 10-month high in April as rates rose, but strong annual wage growth of 5.3% helped keep the MBA's affordability index nearly flat month to month.
