Government Properties Trust Inc., Omaha, Neb., has priced an initial public offering of 16.8 million shares of common stock at $10 per share.The net proceeds of the offering, totaling approximately $158.9 million, will be used to repay debt and buy additional properties, the company said. Friedman, Billings, Ramsey & Co. was the book-running lead manager of the offering. The underwriters have been granted an option to buy up to 2.52 million additional shares to cover any overallotments. Government Properties, which said it will elect to be taxed as a real estate investment trust, invests in single-tenant properties under long-term lease to the U.S. government.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
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Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
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Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
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Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
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Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
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Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
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