Wellsford Real Properties, New York, has retained Lazard Freres & Co. to advise the real estate merchant banking firm on strategic options.WRP said it is looking at various financial and business alternatives, including a recapitalization, acquisitions, sales of assets, a liquidation, and a sale or merger of WRP, as well as other options that would keep WRP independent. WRP acquires, finances, and operates real estate, and also invests in real estate companies.
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.
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.
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.
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.
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
