Hersha Hospitality Trust, a Philadelphia-based real estate investment trust, has announced a new revolving credit agreement with Commerce Bank NA.The hotel REIT said the agreement provides for a $60 million revolving line of credit, of which $10 million will be made available on an unsecured basis. The credit line replaces a $35 million line of credit with Sovereign Bank, the company reported. Hersha can be found on the Web at http://www.hersha.com.
Mortgage applications rose 0.4% on a seasonally adjusted basis from one week prior for the period ending June 26, according to the MBA's Market Composite Index.
Homeowners accuse the home equity investment company of breaking the law for suggesting that its home equity investment product isn't a mortgage.
The fee hike, which also raises the cost of assumptions, is part of the House pay-as-you-go rules to support a proposed expansion of veterans benefits.
Mortgage fintechs are attracting investor attention and dollars with agentic AI processes in new origination-focused platforms and assistants.
The portfolio for sale contains hundreds of millions of dollars worth of reperforming loans that the government-sponsored enterprise co-marketed with Citigroup.
The S&P Cotality Case-Shiller home price index rose 0.8% year over year in April, while U.S. Federal Housing's index climbed 2%. Both indexes declined monthly.
