New Century REIT Inc., a corporation created by New Century Financial Corp., Irvine, Calif., to operate its business after it converts to a real estate investment trust, has filed a registration statement with the Securities and Exchange Commission to make a public offering of $750 million worth of common stock.The joint book-running managers will be UBS Securities LLC and Friedman, Billings, Ramsey & Co. New Century Financial is a subprime mortgage wholesaler.
A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
