Realty Income Corp., Escondido, Calif., has priced an offering of 2.7 million shares of common stock at $26.82 per share. Realty Income said the offering will raise net proceeds of approximately $69 million, which will be used to repay the outstanding principal amounts of two series of notes. The joint book-running managers of the offering are Raymond James & Co. and UBS Securities LLC. The company can be found online at http://www.realtyincome.com.
Higher mortgage rates and affordability pressure prompts Fitch Rating's revision from 'neutral' to 'deteriorating'
A California appellate court reversed a lower court's dismissal of a lawsuit over CrossCountry's alleged 2021 raiding of a Seattle-area branch.
HUD said its Office of Fair Housing and Equal Opportunity has reduced a Biden administration case backlog by 27% and accelerated investigations.
Bill Greenberg and Mat Ishbia held a video chat on June 11. The companies disputed the outcome, but in the end, UWM did not make a new proposal for Two Harbors.
Third-party originators support tightening some standards but say greater flexibility and coordination could help the market avoid disruption.
But moderating price growth and friendly building policies in many markets hint at emerging affordability for aspiring buyers, Zillow said.
