Urstadt Biddle Properties Inc., Greenwich, Conn., has closed a $50 million, three-year, unsecured revolving credit agreement with The Bank of New York Mellon and Wells Fargo NA. Under the terms of the facility, the real estate investment trust has an option to increase the facility to $100 million and two options to extend it for a year. The facility bears an interest rate, at the REIT's option, of either 85 basis points over the London interbank offered rate or 50 bps over BNY Mellon's prime lending rate.
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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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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.
March 27 -
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 -
Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
March 27 -
Deferrals are up but still haven't outpaced loan modifications in conservatorship-era foreclosure prevention, according to the Federal Housing Finance Agency.
March 27