SL Green Realty Corp., New York, has announced the issuance of $100 million of 30-year trust preferred securities in a private placement.The company said the securities will bear an interest rate of 5.61% for the first 10 years, and thereafter the rate will float at 125 basis points above the three-month London interbank offered rate. They are redeemable at par beginning in July 2010. The company can be found online at http://www.slgreen.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.
6h ago -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
7h ago -
But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
8h ago -
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