HomeBanc Corp., the parent company of Atlanta-based HomeBanc Mortgage Corp., has priced a public offering of 9.5 million shares of common stock at $9.10 per share.HomeBanc said it has granted the underwriters an option to buy up to 1.425 million additional shares of common stock to cover any overallotments. The shares are being sold through J.P. Morgan Securities; Friedman, Billings, Ramsey & Co.; A.G. Edwards & Sons; William Blair & Co.; Flagstone Securities; and Jackson Securities. HomeBanc can be found on the Web at http://www.homebanc.com.
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Home price growth is accelerating as inventory stalls—Chicago and Pittsburgh lead mid-tier gains at 4.2%, while Denver and Las Vegas see supply-driven price corrections.
1h ago -
The industry leaders are sparring over refinance business from a Mr. Cooper portfolio, and UWM contends it didn't specifically try to harm its rival.
10h ago -
The trade group supports FHFA's overhaul but urges longer comment periods, more flexibility and protections to prevent unintended consequences.
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The drop in the annual metric for FHA loans was the biggest in over four years but other performance indicators ICE Mortgage Technology tracked were mixed.
July 24 -
NJ Lenders suffered a cyberattack last August, which potentially exposed the names and social security numbers of about 30,000 individuals.
July 24 -
Its origination volume of $621.8 million was an increase of $114 million compared with the first quarter but its gain-on-sale was 5 basis points lower.
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