Entertainment Properties Trust, Kansas City, Mo., has amended its credit facility, increasing it to $200 million and changing several other aspects of the credit line.The real estate investment trust said the three-year facility (with a one-year option to extend) has been converted to an unsecured credit line and bears interest at 130-175 basis points over the London interbank offered rate (compared with 175-250 bps before). KeyBanc Capital Markets acted as the sole lead arranger of the facility. The REIT's website is at http://www.eprkc.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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