Lexington Corporate Properties Trust, New York, has obtained a $200 million unsecured credit facility.The facility, which matures in June 2008, bears interest at a rate of 120-170 basis points over the London interbank offered rate, depending on Lexington's overall debt level, the company said. The new facility replaces a $100 million facility that bore interest at 150-250 bps over LIBOR. The real estate investment trust can be found on the Web at http://www.lxp.com.
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.
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
The Bureau of Labor Statistics report showed the labor force continued to expand but at a weaker rate than in recent months. The development weakens the case for a near-term rate hike.
