HomeBanc Corp., the Atlanta-based parent company of HomeBanc Mortgage Corp., has priced a public offering of 2.0 million shares of 10% series A cumulative redeemable preferred stock at $25 per share.J.P. Morgan Securities was the sole bookrunner and lead manager of the offering. HomeBanc said it has granted the underwriters an option to buy up to 300,000 additional shares to cover any overallotments. HomeBanc, a real estate investment trust, can be found online at http://www.homebanc.com.
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ICE data reveals home value growth hit a 15-month high, prompting originators to target resilient markets like upstate New York and pivot focus toward single-family inventory.
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The company reported a nearly $600,000 loss as it navigates the loss of Rithm-related business and pushes for a more diversified revenue model.
July 23 -
Brian Johnson, President Trump's nominee to lead the Consumer Financial Protection Bureau, navigated a somewhat contentious Senate Banking Committee hearing dominated by Democratic opposition but without giving away specific plans he has for the agency.
July 23 -
Originators need to keep an eye on the 10-year Treasury yield used in pricing mortgages, which not only broke through 4.6%, climbed above 4.7% on Thursday.
July 23 -
Sentiment towards the presence of the structures backing AI development varies by generation, but a growing number of buyers are raising questions, Redfin says.
July 23 -
Chase edged out Rocket for the top spot in the annual mortgage servicer customer satisfaction survey, with depositories in seven of the top 10 spots.
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