Universal Express Inc., a Boca Raton, Fla.-based company that provides postal services, has announced its intention to form a real estate division.The subsidiary will focus on commercial property acquisitions, commercial loans, and other lending activities. It will also seek to be the lead investor in private placements, limited partnerships, and other activities, with the goal of developing a portfolio sufficient to operate the company as a real estate investment trust, Universal Express said.
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A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
July 3 -
Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
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The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
July 2 -
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
July 2 -
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
July 2 -
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
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