MacKenzie Patterson Fuller Inc., San Francisco, and its affiliates have announced an offer to buy up to 500,000 shares of AmeriVest Properties common stock for $4 per share.The price represents a premium of 9.59% over the stock's closing price on Oct. 28, and a premium of 13.54% over the trailing 10-day average closing price, MPF said. The company and its affiliates now own approximately 329,350 shares of AmeriVest. When added to the 500,000 shares sought via the offer, it would result in ownership of about 3.45% of that company's outstanding shares, MPF said. The company can be found online at http://www.mpfi.com.
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Americans who qualify for a mortgage with Better will be able to use Bitcoin or USDC as collateral to fund their down payment through a private loan.
March 26 -
Full documentation was only applied to 2.6% of the underlying pool of mortgages. Debt-to-income, however, was 23.3% when it was applied.
March 26 -
Layoffs stretch across the organization, including members of Summit's c-suite and its general counsel, the company said in a notice to California officials.
March 26 -
New questions about Fannie Mae and Freddie Mac's guarantee by experts who saw conservatorship start points to tensions in a stalled secondary offering.
March 26 -
The 30-year fixed mortgage has increased by 40 basis points since February, while the 15-year is 14 basis points lower than a year ago, Freddie Mac reported.
March 26 -
Affordability improved in February as rates dipped below 6%, but March's climb to 6.43% signals tougher months ahead. Lenders should act now on pockets of opportunity before rising rates erode recent gains.
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