Origen Financial Inc., Southfield, Mich., has priced an initial public offering of 8 million shares of common stock at $8 per share, for a total offering of $64.0 million.Since the start of trading on Nasdaq, the stock has traded in a narrow range between $7.99 and $8.05 per share. Lehman Brothers is the managing underwriter and Credit Suisse First Boston and Flagstone Securities are the co-managers. Origen is a manufactured home loan originator and servicer that has elected to take real estate investment trust status.
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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.
July 3 -
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.
July 2 -
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.
July 2 -
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.
July 2 -
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
July 2 -
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
July 2









