Luminent Mortgage Capital Inc., a real estate investment trust based in San Francisco, has announced the pricing of $90 million in aggregate principal amount of 8.125% convertible senior notes due 2027 in a private placement.The REIT said it will use approximately $18 million of the net proceeds of the offering to repurchase shares of its common stock at a price of $9.13 per share. Luminent granted the initial purchaser an option to buy up to an additional $20 million in aggregate principal amount of notes. The REIT can be found online at http://www.luminentcapital.com.
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While income decreased from the fourth quarter, it accelerated on an annual basis across NVR's building and lending units.
4h ago -
Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
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Prevention through new building standards and mapping technology aim to keep home insurance rates down but mortgage bankers see challenges.
April 23 -
The mortgage lender and servicer announced that Ranjit Bhattacharjee, a capital markets veteran, and Kevin Barker, a financial analyst with two decades of experience, have joined its ranks.
April 23 -
Because of rising home values, more transactions have proceeds over the federal tax exemption, especially in California, a CoreLogic study found.
April 23 -
Texas Capital Bank wants to bring the Administrative Procedures Act into the case, but Ginnie Mae said the legal proceedings are outside its scope.
April 23