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.
Mike Kortas is looking to keep loan officers in the loop through the entire mortgage loan customer lifecycle and beyond, with the launch of evoLend.
Private residential construction spending rose 0.3% from April and 1.8% from a year ago to a seasonally adjusted annual rate of $930.2 billion in May.
Artificial intelligence is fueling litigation risks, from consumer lawsuits against servicers, to more repurchase requests, and vulnerabilities through vendors.
A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
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.
