Kimco Realty Corp., New Hyde Park, N.Y., has priced a public offering of 10 million shares of its common stock at $37.10 per share. UBS Investment Bank, Citi, and Wachovia Securities are the joint book-running managers for the offering. Kimco has granted the underwriters an option to buy up to 1.5 million additional shares to cover any overallotments. The net proceeds will be used for general corporate purposes, the company said. Kimco, a real estate investment trust specializing in shopping centers, can be found online at http://www.kimcorealty.com.
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The deal reinforces PennyMac's AI-focused pivot and will also accelerate development and growth of its proprietary servicing platform, the lender said.
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Rithm and UWM Holdings are the favorite names among publicly traded lenders, while BTIG adds coverage of Better Home & Finance at a buy rating.
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This industry executive finds subservicing mortgages impacted by rule changes and relatively higher delinquency rates helps test operations and keep them sharp.
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Higher mortgage rates and affordability pressure prompts Fitch Rating's revision from 'neutral' to 'deteriorating'
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A California appellate court reversed a lower court's dismissal of a lawsuit over CrossCountry's alleged 2021 raiding of a Seattle-area branch.
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HUD said its Office of Fair Housing and Equal Opportunity has reduced a Biden administration case backlog by 27% and accelerated investigations.
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