United Dominion Realty Trust, Richmond, Va., has priced a $50 million offering of 4.5% senior unsecured notes due March 3, 2008.The notes represent a re-opening of the 4.5% senior notes due 2008 issued by the company on Feb. 27, and will, together with those notes, constitute a single series with an aggregate amount of $200 million, the company said. The proceeds are expected to be used to repay amounts outstanding under the company's $500 million unsecured credit facility. United Dominion, a multifamily real estate investment trust, can be found online at http://www.udrt.com.
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Counter to prevailing narratives about rules and enforcement activity whipsawing from one administration to the next, public citations by federal banking regulators have steadily declined over the past decade — under both Democratic and Republican administrations.
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Flatworld Mortgage Solutions says its former vice president breached his employment agreements by soliciting its customers as he formed a rival offshoring firm.
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The HomeSafe Second product is now available in more than one third of all states, according to the reverse mortgage specialist.
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The Department of Housing and Urban Development agreed to do more to manage due-and-payable obligations contingent on the availability of certain resources.
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The ex-housing official is returning to a previous employer with the aim of helping guide the firm through an evolving landscape in federal policy.
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A $160 million deal to merge Hometown Financial Group subsidiaries and Primary Bank will lead to consolidation under a single brand name of TruNorth.
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