Senior Housing Properties Trust, Newton, Mass., has increased its $250 million unsecured revolving credit facility to $550 million and extended its maturity to 2009.The real estate investment trust said the facility includes an option to increase the amount to $1.1 billion under certain circumstances and to extend it for another year. The initial interest rate is 100 basis points over the London interbank offered rate, compared with LIBOR plus 145 bps on the previous facility. Wachovia Securities Inc. was the sole lead arranger for the modification of the facility. The REIT can be found on the Web at http://www.snhreit.com.
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Because of rising home values, more transactions have proceeds over the federal tax exemption, especially in California, a CoreLogic study found.
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Texas Capital Bank wants to bring the Administrative Procedures Act into the case, but Ginnie Mae said the legal proceedings are outside its scope.
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Better's home equity loan product can be originated in a week or less, the company says.
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The top five producers had an average dollar loan volume of more than $140 million in 2023.
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The threats to companies loom as borrowers face soaring homeowners insurance costs, ex-Ginnie Mae head Ted Tozer explains.
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After several quarters of slumping investment banking and trading fees, the Charlotte, North Carolina-based company reported a big uptick from that division, which helped compensate for a large decline in net interest income.
April 22