Washington Real Estate Investment Trust, Rockville, Md., has announced a public offering of 2.6 million shares of its common stock.The REIT said it will grant the underwriters an option to buy up to 390,000 additional shares to cover any overallotments. Credit Suisse First Boston will be the sole bookrunner and joint lead manager of the offering, with A. G. Edwards & Sons as the other joint lead manager. The REIT can be found online at http://www.writ.com.
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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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