Realty Income Corp., Escondido, Calif., has priced an offering of 6.0 million shares of common stock at $26.40.Realty Income said the offering will raise net proceeds of approximately $150.7 million, which are expected to be used to fund a portion of the purchase price of a previously announced acquisition of restaurant properties. The sole book-running manager of the offering is Merrill Lynch & Co. The company can be found on the Web at http://www.realtyincome.com.
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The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
6m ago -
But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
30m ago -
Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
1h ago -
In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
March 27 -
The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27