Winthrop Realty Trust, a real estate investment trust headquartered in Boston, has announced the pricing of a public offering of 17 million common shares of beneficial interest at $6 per share.Winthrop said it has granted the underwriters an option to buy up to 2.55 million additional shares to cover any overallotments. Bear, Stearns & Co. was the sole book-running manager of the offering. The REIT can be found on the Web at http://www.winthropreit.com.
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The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
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The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
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But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
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The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
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The tool will provide helpful HELOC-related information to customer support staff to streamline the application process, Figure said Thursday.
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The five states with the lowest property taxes have an average effective real-estate tax rate of 0.44%.
April 18