United Financial Mortgage Corp., Oak Brook, Ill., has announced the pricing of a public offering of approximately 2.04 million shares of common stock at $6.67 per share.The gross proceeds totaled approximately $13.6 million. Maxim Group LLC, the sole underwriter, has been granted an option to buy approximately 306,000 additional shares from the company's largest shareholder to cover any overallotments, UFMC said. UFMC, a retail and wholesale mortgage lender, can be found on the Internet at http://www.ufmc.com.
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The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
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The top five producers had an average dollar volume of VA and USDA loans of more than $35 million in 2023.
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The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
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While income decreased from the fourth quarter, it accelerated on an annual basis across NVR's building and lending units.
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Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
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Prevention through new building standards and mapping technology aim to keep home insurance rates down but mortgage bankers see challenges.
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