Hospitality Properties Trust, Newton, Mass., has priced a follow-on public offering of 2.0 million common shares of beneficial interest at $43.66 per share.The underwriters have been granted an option to buy up to 1.95 million additional shares of common stock from the company to cover any overallotments. Merrill Lynch & Co. and Wachovia Securities are the joint book-running managers of the offering. Hospitality Properties, a real estate investment trust that specializes in hotels, can be found on the Internet at http://www.hptreit.com.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
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Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
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Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
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