HRPT Properties Trust, Newton, Mass., has priced an offering of $250 million of 6.25% notes due 2017.The real estate investment trust said it plans to use the net proceeds of the offering to reduce debt under its revolving credit facility. The joint book-running managers for the offering were Wachovia Securities, Banc of America Securities LLC, and RBC Capital Markets. HRPT, a real estate investment trust, can be found on the Internet at http://www.hrpreit.com.
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The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
2h ago -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
4h ago -
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.
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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.
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The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
April 24 -
The top five producers had an average dollar volume of VA and USDA loans of more than $35 million in 2023.
April 24