Vestin Realty Mortgage II Inc., a Las Vegas-based real estate investment trust, has announced that its board is exploring the possibility of acquiring Vestin Realty Mortgage I Inc.Vestin II said its board believes the companies "could realize significant cost savings" if they operated as a single company for purposes of reporting to the Securities and Exchange Commission. Both REITs are managed by Vestin Mortgage Inc.
The bipartisan legislation aimed at reducing barriers to new home construction, which included certain community bank riders, passed the lower chamber by a 358-32 vote.
Tech companies may be the biggest winners of a custodial deposit provision tucked away in a much-touted bipartisan housing bill set to become law this week.
Affected team members were offered severance, and some have received opportunities to remain with the company, a Pennymac spokesperson said.
Cybersecurity platforms said infiltrators gained access to terabytes of data with a wealth of personal information, but the lender disputed reported numbers.
The change aims to address hurdles in the onboarding process, which many have cited as a point of friction in mortgage servicing.
The latest postponement comes after a UWM filing states that Two Harbors shareholders are rejecting the deal, with 54% voting no as of June 12.
