IndyMac Bancorp Inc., Pasadena, Calif., has priced an offering of 3.2 million shares of common stock at $31.75 per share.The gross proceeds of the offering totaled $101.6 million, IndyMac said. The company has granted the underwriters a 30-day option to buy up to 480,000 additional shares to cover any overallotments. Lehman Brothers was the sole book-running manager of the offering, and Morgan Stanley acted as co-manager. IndyMac can be found online at http://www.indymacbank.com.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
3h ago -
In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
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The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
11h ago -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
April 18 -
But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
April 18 -
The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
April 18