MuniMae has announced that its subsidiary MuniMae TE Bond Subsidiary LLC has completed a $100 million preferred equity offering in a private placement.The trust sold $18 million of series A-3 cumulative perpetual preferred shares; $16 million of series A-4 cumulative perpetual preferred shares; $22 million of series B-3 subordinate cumulative perpetual preferred shares; $10 million of series C-3 subordinate cumulative perpetual preferred shares; and $34 million of series D subordinate cumulative perpetual preferred shares. MuniMae can be found online at http://www.munimae.com.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
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Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
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Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
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Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
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Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
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Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
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