Mack-Cali Realty LP, Cranford, N.J., has completed the sale of $200 million of senior unsecured notes in two series, according to Mack-Cali Realty Corp.The first, $100 million of six-year notes bearing 5.25% interest and due Jan. 15, 2012, were priced to yield 5.48%. The second, $100 million of 10-year notes bearing 5.80% interest, are a reopening of a previous issue. They were priced to yield 5.65%. J.P. Morgan served as the underwriter of both series. Mack-Cali can be found online at http://www.mack-cali.com.
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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.
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The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
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But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
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The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
April 18