HRPT Properties Trust, Newton, Mass., has priced an offering of $250 million of 6.65% unsecured senior notes due 2018.The joint book-running managers for the offering were Wachovia Securities, Merrill Lynch & Co., and UBS Investment Bank. HRPT, a real estate investment trust, can be found on the Internet at http://www.hrpreit.com.
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
The top five producers had an average dollar volume of VA and USDA loans of more than $35 million in 2023.
The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
While income decreased from the fourth quarter, it accelerated on an annual basis across NVR's building and lending units.
