Liberty Property Trust, Malvern, Pa., has priced a public offering of 4.75 million shares of common stock at $33 per share. The real estate investment trust said it has granted the underwriters an option to buy up to 712,500 additional shares. The joint book-running managers for the offering are Banc of America Securities LLC, Citi, and J.P. Morgan Securities Inc. The REIT can be found online at http://www.libertyproperty.com.
Higher mortgage rates and affordability pressure prompts Fitch Rating's revision from 'neutral' to 'deteriorating'
A California appellate court reversed a lower court's dismissal of a lawsuit over CrossCountry's alleged 2021 raiding of a Seattle-area branch.
HUD said its Office of Fair Housing and Equal Opportunity has reduced a Biden administration case backlog by 27% and accelerated investigations.
Bill Greenberg and Mat Ishbia held a video chat on June 11. The companies disputed the outcome, but in the end, UWM did not make a new proposal for Two Harbors.
Third-party originators support tightening some standards but say greater flexibility and coordination could help the market avoid disruption.
But moderating price growth and friendly building policies in many markets hint at emerging affordability for aspiring buyers, Zillow said.
