MFA Mortgage Investments Inc., New York, has announced the pricing of 11 million shares of MFA stock at $7.25 per share.Net proceeds are expected to total approximately $75.5 million. The company said it has granted the underwriters an option to buy up to approximately 1.65 million additional shares to cover any overallotments. UBS Investment Bank, Deutsche Bank Securities, and JMP Securities are the joint book-running managers of the offering. MFA, a real estate investment trust that invests in adjustable-rate mortgage-backed securities, can be found online at http://www.mfa-reit.com.
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There's broad support for the effort to reduce costs and processes, but the Appraisal Institute warns about reducing property valuation quality control checks.
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Foundation had introduced Version 3 of its credit risk model, using the most recent delinquency data, to improve loan performance predictions.
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Fannie Mae's conservator is supporting the government-sponsored enterprise's test within certain boundaries, according to a recent social media post.
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The Senate Banking Committee is slated to consider Christopher Phelen to be the chair of the Council of Economic Advisers on Thursday. Phelen has said in past academic papers that fractional reserve banking is "highly problematic."
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The bureau said the move is intended to remove potentially confusing language with an upcoming revision to the Equal Credit Opportunity Act.
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