Getty Realty Corp., a real estate investment trust based in Jericho, N.Y., has obtained a $100 million, three-year revolving credit facility with a group of six commercial banks.The unsecured senior facility replaces the company's $45 million uncommitted line of credit, Getty said. The company will have the option to increase the amount of the facility to $125 million and extend the term for one year. J.P. Morgan is the administrative agent for the group of banks.
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.
The Bureau of Labor Statistics report showed the labor force continued to expand but at a weaker rate than in recent months. The development weakens the case for a near-term rate hike.
