American Campus Communities Inc., Austin, Texas, has priced a public offering of 4.95 million shares of common stock at $24.60 per share.The real estate investment trust, which focuses on the financing, development, and management of student housing, said the proceeds of the offering will be used to fund its development pipeline and potential acquisitions of student housing properties. Merrill Lynch & Co. and Citigroup Global Markets Inc. are the joint book-running managers of the offering. ACC said it has granted the underwriters an option to buy up to 742,500 additional shares to cover any overallotments.
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Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
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In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
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The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
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The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
March 27 -
Equity is entitled to a little over $70,000 worth of damages.
March 27