Federal Realty Investment Trust, Rockville, Md., has announced the closing of a new $200 million unsecured term loan facility.The equity real estate investment trust said the new facility has a one-year term with a one-year extension option and bears interest at 57.5 basis points over the London interbank offered rate. Wachovia Capital Markets LLC is the lead arranger and book-runner for the facility. The REIT can be found on the Web at http://www.federalrealty.com.
The bipartisan legislation aimed at reducing barriers to new home construction, which included certain community bank riders, passed the lower chamber by a 358-32 vote.
Tech companies may be the biggest winners of a custodial deposit provision tucked away in a much-touted bipartisan housing bill set to become law this week.
Affected team members were offered severance, and some have received opportunities to remain with the company, a Pennymac spokesperson said.
Cybersecurity platforms said infiltrators gained access to terabytes of data with a wealth of personal information, but the lender disputed reported numbers.
The change aims to address hurdles in the onboarding process, which many have cited as a point of friction in mortgage servicing.
The latest postponement comes after a UWM filing states that Two Harbors shareholders are rejecting the deal, with 54% voting no as of June 12.
