HCP Inc., a real estate investment trust based in Long Beach, Calif., has announced the pricing of a public offering of 13 million shares of common stock at $33.50 per share. The REIT, which invests primarily in health-care-related real estate, said the proceeds of approximately $435 million will be used to repay debt under its bridge loan facility. The underwriters have been given an option to buy up to 1.95 million additional share to cover any overallotments.
The fintech integrates with payroll systems of employers to arrange early access to earned wages for its customers.
Larger public companies' high-profile servicing acquisitions tend to get the spotlight, but the two top leaders in the Ginnie MSR market are quieter players currently run as private companies.
Hometap's product provides homeowners with cash in exchange for a share of their home's future value, but the company has been faced with legal challenges claiming deceptive marketing.
Mortgage apps fell 6% as rates hit a near three-year high, but ARM share reached its highest since October 2025 and 21% of listings saw price cuts, openings for buydown pitches.
ICE announced Wednesday the launch of Residential Whole Loan Evaluations, which extends its evaluated pricing process to individual, unsecuritized loans.
The rare critique co-filed by an industry trade group suggests mandatory detention of noncitizens is contributing to a slowdown in new home construction.
