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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The founder who was recently ousted as CEO said he wants to return the company to its positive trajectory, after last week's shakeup battered its stock price.
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The lender won its motion for summary judgment just about two months after the court denied a plaintiff's attempt to certify a class of over 50,000 consumers.
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While delinquencies eased overall quarter to quarter, they trended upward on a yearly basis across all loan types, the Mortgage Bankers Association said.
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The seller surplus was a result of sluggish demand as opposed to increased supply. The 30-year fixed-rate mortgage rose every week in July to 6.66%.
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More than a third of listings are below their original ask, with entry-level homes seeing frequent cuts in several metros, Movoto data shows.
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For the first time in six weeks, the 30-year fixed rate mortgage dropped, with observers expecting a steady but challenging housing market for the rest of 2026.
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