Health Care REIT, a Toledo, Ohio-based real estate investment trust, has priced the sale of $400 million of convertible senior notes due September 2027.The net proceeds will be used to invest in additional health care properties, the REIT said. The joint book-running managers for the offering were UBS Investment Bank and Banc of America Securities LLC. The underwriters have been granted an option to buy up to $60 million in additional notes to cover any overallotments. The REIT can be found on the Web at http://www.hcreit.com.
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The Federal Deposit Insurance Corp. issued proposals Thursday that would reduce planning requirements for big banks and slash deposit insurance prices, citing the financial health of the Deposit Insurance Fund.
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Christopher Phelan, President Donald Trump's nominee to chair the Council of Economic Advisers, declined to directly answer questions about recent inflation data and the effects of tariffs on consumers during a Senate confirmation hearing Thursday.
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Median purchase loan payments hit $2,198 in May, up 2.1% from April, as rising rates and home prices threaten to dampen origination volume, MBA reports.
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Federal Reserve Vice Chair for Supervision Michelle Bowman said Thursday morning that the central bank recently finalized a new organizational structure for its supervision and regulation division.
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Almost 75% of brokers reported growing non-QM volume in their business over the last three years, and just 3.7% said volume decreased, according to AD Mortgage.
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