New York-based iStar Financial Inc. has priced $1.0 billion of senior unsecured debt in two series of fixed-rate notes.The first series of notes, $500 million of 5.65% senior notes due 2011, was priced at 99.956 to yield 5.658%, iStar reported. The second, $500 million of 5.875% senior notes due 2016, was priced at 99.896 to yield 5.888%. J.P. Morgan, Lehman Brothers, and Wachovia Securities are the joint book-running managers of the offering. The commercial real estate finance company can be found online at http://www.istarfinancial.com.
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Elevated delinquency levels have not affected expected losses, however, due to home price appreciation, Fitch Ratings said.
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Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
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A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
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The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
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Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25