HRPT Properties Trust, Newton, Mass., has priced a follow-on public offering of 10 million common shares of beneficial interest at $13.12 per share.The company said it expects to use the proceeds of the offering to reduce the outstanding amounts on its revolving credit facility. The joint book-running managers for the offering are Merrill Lynch & Co. and Wachovia Securities. HRPT, a real estate investment trust, can be found on the Internet at http://www.hrpreit.com.
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.
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.
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.
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
The Bureau of Labor Statistics report showed the labor force continued to expand but at a weaker rate than in recent months. The development weakens the case for a near-term rate hike.
