LSF5 Accredited Investments LLC, a subsidiary of Dallas-based Lone Star Fund V (U.S.) LP, has announced an extension of its tender offer for all outstanding common shares of San Diego-based Accredited Home Lenders Holding Co. until midnight on Aug. 14.Lone Star said that, as anticipated, it had not obtained all the needed state regulatory approvals as of July 27. At that time, it had received preliminary tenders (subject to withdrawal) representing approximately 8.21 million of Accredited's outstanding shares, or about 32.7%, Lone Star reported. The tender offer is being conducted in connection with the expected merger of a Lone Star subsidiary with Accredited.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
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In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
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The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
April 18 -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
April 18 -
But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
April 18 -
The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
April 18