New York-based iStar Financial is selling five million shares of common stock in a public offering that is expected to raise net proceeds of approximately $191.1 million.The commercial mortgage real estate investment trust said it expects to use the proceeds to repay secured debt. Lehman Brothers is the sole underwriter of the offering. The REIT can be found online at http://www.istarfinancial.com.
The mortgage lender and servicer announced that Ranjit Bhattacharjee, a capital markets veteran, and Kevin Barker, a financial analyst with two decades of experience, have joined its ranks.
Because of rising home values, more transactions have proceeds over the federal tax exemption, especially in California, a CoreLogic study found.
Texas Capital Bank wants to bring the Administrative Procedures Act into the case, but Ginnie Mae said the legal proceedings are outside its scope.
Better's home equity loan product can be originated in a week or less, the company says.
The top five producers had an average dollar loan volume of more than $140 million in 2023.
The threats to companies loom as borrowers face soaring homeowners insurance costs, ex-Ginnie Mae head Ted Tozer explains.
