MeriStar Hospitality Corp., Washington, has completed the sale of $170 million of 9.50% convertible subordinated notes due 2010.The total included $15 million to cover the underwriter's overallotments, the real estate investment trust said. The notes are convertible (subject to adjustment in certain circumstances) into MeriStar common stock at a conversion price of $10.18 per share, the REIT said. The offer was underwritten by Lehman Brothers. The REIT can be found online at http://www.meristar.com.
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The fintech's Figure Connect private credit loan exchange has grown to account for 56% of total consumer marketplace activity in early 2026.
3h ago -
However, for the second quarter, increased home purchase mortgage activity contributed to an industry-wide 11% increase in agency securitizations, BTIG said.
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OceanFirst Financial worked with an asset manager to apply the structure to a $1.5 billion portfolio of residential mortgages.
4h ago -
President Dhivya Suryadevara is leaving the company shortly after assuming the job, the latest move as the company attempts to recover from an earnings slump.
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Counter to prevailing narratives about rules and enforcement activity whipsawing from one administration to the next, public citations by federal banking regulators have steadily declined over the past decade — under both Democratic and Republican administrations.
July 8 -
Flatworld Mortgage Solutions says its former vice president breached his employment agreements by soliciting its customers as he formed a rival offshoring firm.
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