Vornado Realty Trust, a real estate investment trust based in Paramus, N.J., has announced the pricing of an offering of $250 million of 5.6% senior unsecured notes at 99.906 by its operating partnership, Vornado Realty LP.The notes, due Feb. 15, 2011, were priced to yield 5.622%. The joint book-running managers for the offering are Banc of America Securities, Citigroup, and Deutsche Bank Securities. The equity REIT can be found on the Web at http://www.vno.com.
Homeowners accuse the home equity investment company of breaking the law for suggesting that its home equity investment product isn't a mortgage.
The fee hike, which also raises the cost of assumptions, is part of the House pay-as-you-go rules to support a proposed expansion of veterans benefits.
Mortgage fintechs are attracting investor attention and dollars with agentic AI processes in new origination-focused platforms and assistants.
The portfolio for sale contains hundreds of millions of dollars worth of reperforming loans that the government-sponsored enterprise co-marketed with Citigroup.
The S&P Cotality Case-Shiller home price index rose 0.8% year over year in April, while U.S. Federal Housing's index climbed 2%. Both indexes declined monthly.
While the nationwide purchase average declined nearly 3% in 2025, these costs rose in 23 of 50 states and the District of Columbia, a study from LodeStar said.
