Gramercy Capital Corp., a New York-based investor in commercial mortgage-related loans and securities, has priced a public offering of approximately 3.62 million shares of common stock, which brought gross proceeds of approximately $95 million.The company also reported that it is selling approximately 1.2 million shares to its affiliate SL Green Realty Corp. for about $31.7 million. Deutsche Bank Securities Inc. was the sole book-running manager for the public offering, and was granted an option to buy up to 542,812 additional shares to cover any overallotments. Gramercy Capital can be found online at http://www.gramercycapitalcorp.com.
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Foundation had introduced Version 3 of its credit risk model, using the most recent delinquency data, to improve loan performance predictions.
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Fannie Mae's conservator is supporting the government-sponsored enterprise's test within certain boundaries, according to a recent social media post.
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The Senate Banking Committee is slated to consider Christopher Phelen to be the chair of the Council of Economic Advisers on Thursday. Phelen has said in past academic papers that fractional reserve banking is "highly problematic."
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The bureau said the move is intended to remove potentially confusing language with an upcoming revision to the Equal Credit Opportunity Act.
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President Donald Trump said he wouldn't sign the housing bill, which includes several riders aimed at helping community banks, until Congress passes the SAVE Act.
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