HomeBanc Mortgage Corp., Atlanta, has announced plans to form a mortgage real estate investment trust that is expected to go public within several months.The REIT, HomeBanc Corp., will file a registration statement with the Securities and Exchange Commission for the purpose of an initial public offering in late spring or early summer, HomeBanc Mortgage said. The size of the IPO is expected to be approximately $500 million, the company said. HomeBanc Mortgage can be found on the Web at http://www.homebanc.com.
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A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
July 3 -
Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
July 2 -
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
July 2 -
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
July 2 -
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
July 2 -
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
July 2









