Vornado Realty Trust, Paramus, N.J., has announced the sale of $100 million of 6.75% series D-14 cumulative redeemable preferred units in a private placement.The units, which were sold to an institutional investor, may be called without penalty at the option of the issuer beginning in September 2010. The equity REIT can be found on the Web at http://www.vno.com.
The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
The tool will provide helpful HELOC-related information to customer support staff to streamline the application process, Figure said Thursday.
The five states with the lowest property taxes have an average effective real-estate tax rate of 0.44%.
