Pacific Security Capital, a U.S. company, celebrated St. Patrick's Day by raising 200 million euros (about $266 million) for a new Irish real estate fund that it said is the first of its kind."This is the first Irish fund that has been created for investment in [U.S.] real estate," Mike Myatt, Pacific Security Capital's executive managing director, said of the new investment vehicle. The company said the closed-end fund will invest in office, industrial, retail, multifamily, hospitality, and residential properties. Pacific Security Capital can be found on the Web at http://www.pacificsecuritycapital.com.
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The Housing for the 21st Century Act includes provisions covering policy, manufactured homes and rural infrastructure introduced in a prior Senate proposal.
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The FHFA chief told Fox an offering could be done near term - but may not be - while a Treasury official addressed conservatorship questions at an FSOC hearing.
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The secondary market regulator will formally publish its own rule on Feb. 6, after a comment period and without making changes to what it proposed in July.
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Bowing to industry pressure, the Consumer Financial Protection Bureau is warning consumers with notices on its complaint portal not to file disputes about inaccurate information on credit reports, among other changes.
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The mortgage technology unit at Intercontinental Exchange posted a profit for the third straight quarter, even as lower minimums among renewals capped growth.
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