Washington Real Estate Investment Trust, Rockville, Md., has priced $100 million of 5 1/4% 10-year senior unsecured notes at 99.985.The REIT said the proceeds will be used to repay borrowings under a term loan and lines of credit incurred in connection with recent property acquisitions. Credit Suisse First Boston and Banc One Capital Markets Inc. are the joint book-running managers of the offering. The REIT can be found online at http://www.writ.com.
A Florida appraiser faces decades in prison after taking another's identity and claiming he conducted on-site inspection reports while based abroad.
Mike Kortas is looking to keep loan officers in the loop through the entire mortgage loan customer lifecycle and beyond, with the launch of evoLend.
Private residential construction spending rose 0.3% from April and 1.8% from a year ago to a seasonally adjusted annual rate of $930.2 billion in May.
Artificial intelligence is fueling litigation risks, from consumer lawsuits against servicers, to more repurchase requests, and vulnerabilities through vendors.
A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
