NorthStar Realty Finance Corp., a New York-based real estate investment trust, has announced the closing of a public offering of 6.2 million shares of 8.25% series B cumulative redeemable preferred stock, priced at $25 per share.The share total includes 800,000 shares purchased by the underwriters under an overallotment option. Bear, Stearns & Co. and Wachovia Securities were the joint book-running managers of the offering.
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The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
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Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
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Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
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Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
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