MFA Mortgage Investments Inc., New York, has announced the pricing of 7 million shares of MFA common stock at $7.90 per share.Net proceeds are expected to total approximately $52.3 million. The company said it has granted the underwriters an option to buy up to 1.05 million additional shares to cover any overallotments. UBS Investment Bank, Deutsche Bank Securities, and JMP Securities are the joint book-running managers for the offering. MFA, a real estate investment trust that invests in hybrid and adjustable-rate mortgage-backed securities, can be found online at http://www.mfa-reit.com.
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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.
6h ago -
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.
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The tool will provide helpful HELOC-related information to customer support staff to streamline the application process, Figure said Thursday.
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The five states with the lowest property taxes have an average effective real-estate tax rate of 0.44%.
April 18