Realty Income Corporation, Escondido, Calif., has offered 5,200,000 shares of common stock at $24.39 in a deal expected to close on March 29.Realty Income said the offering will raise gross proceeds of approximately $126.8 million, which will be used to repay borrowings under the company's $300 million unsecured acquisition credit facility and for general corporate purposes.
New notices pointed out how large learning models could lead real estate businesses to unintentionally violate the Fair Housing Act in a marketing campaign.
The industry hasn't been sure how much of a lift they'd get this spring but a broader slowdown in hiring may help to lower financing costs.
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Rocket Cos. reported an increase in gain-on-sale margin but warned that going forward it is likely to slip back to levels seen in the second half of last year.
The 2022 vintage had a higher percentage of purchase mortgages, as well as 30-year fixed-rate loans versus the 2021 production, an annual Federal Housing Finance Agency report said.
