NorthStar Realty Finance, a New York-based real estate investment trust, has announced the closing of a public offering of 2.4 million shares of 8.75% series A cumulative redeemable preferred stock, priced at $25 per share.The share total includes 200,000 shares purchased by the underwriters under an overallotment option. Wachovia Securities was the sole book-running manager of the offering.
The process of making changes to foreclosure prevention programs has been complicated by differences in how the Department of Veterans Affairs operates compared to an agency like the Federal Housing Administration.
Originators increased program offerings for the fifth consecutive month, but overall credit availability remains tight, the Mortgage Bankers Association said.
Malhotra joins the home finance giant after previously helping launch platforms to provide generative AI enterprise solutions and founding a technology research lab at the global multinational firm.
The reverse-mortgage lender saw a quarterly loss but expects originations to increase 10% in the second quarter, as it attempts to address high-yield debt concerns.
Capital Community Bank of Provo has purchased Security Home Mortgage, headquartered in nearby Orem.
Mike Kortas, CEO of NEXA, alleges he fired his former co-owner, Mat Grella, because he added himself as a "new manager" of the company in a filed amendment to the company's articles of organization.
