Thornburg Mortgage Inc., Santa Fe, N.M., has priced an offering of 3.5 million shares of common stock at $29 per share.Net proceeds from the transaction, which are estimated at $96.3 million, will be used mainly to fund loans originated by the company and to buy adjustable-rate mortgage securities, Thornburg said. A.G. Edwards & Sons acted as the book-running lead manager for the transaction. The underwriters have been granted a 30-day option to buy up to 525,000 additional shares of common stock to cover any overallotments. Thornburg can be found online at http://www.thornburg.com.
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Elevated delinquency levels have not affected expected losses, however, due to home price appreciation, Fitch Ratings said.
8h ago -
Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
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A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
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The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
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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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Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25