The Mills Corp., Arlington, Va., is planning an offering of two million shares of cumulative redeemable preferred stock at approximately $25 per share.The retail real estate investment trust is filing a preliminary prospectus with the Securities and Exchange Commission relating to the offering, and the REIT said it expects to get the stock listed on the New York Stock Exchange. The managers for the offering include Deutsche Bank Securities and Legg Mason Wood Walker. The REIT had reported that it might make a common or preferred stock offering to partly finance the recent acquisition of six retail properties for approximately $621 million.
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Total application volume fell by over 13.000 units on a month-to-month basis, with declines in purchase and refinance activity, Keefe, Bruyette & Woods said.
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The financial industry has largely welcomed moves like the removal of a previously proposed increase for a broad multiplier but questioned mortgage details.
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The Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. encouraged banks to heed Fincen guidance expanding the PATRIOT Act's safe harbor for voluntary information sharing between banks to combat fraud.
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The Request for Information follows Pres. Trump's March 13 executive order, "Promoting Access to Mortgage Credit," the Bureau said.
7h ago -
Community lenders, mortgage bankers and homeowners associations want more time to gear up for certain changes but officials see reasons to stay on track.
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Retail lender Rate separately launched yet another non-mortgage brand, with outdoor saunas and other furnishings following a high-end performance wear line.
July 9








