Investments

A Detroit-based company, which owns Rocket Mortgage and Quicken Loans, listed the size of its upcoming offering in filing as $100 million, a placeholder amount that will likely change.

Reps called the offer "opportunistic" and said it did not address regulatory concerns regarding overlaps with Bill Foley's other businesses, Fidelity and Black Knight.

The government agency's restrictions on issuer options for pooling loans go into effect immediately. Here's one thing it could mean for the secondary market.

If the transaction does not go through, Genworth is looking at reviving a spin-out of its U.S. mortgage insurance business.

Cannae Holdings, a spinoff of Fidelity National Financial, is trying to stage an unsolicited takeover of the property data, analytics and services firm that once had ties to Fidelity's competitor.

The company formally reported a nearly $65 million loss in the first quarter as the coronavirus affected its operations in March.

A bankruptcy judge will be asked to sign off on the sale of BHF's Shoreline portfolio in Chicago and will hold an initial Chapter 11 hearing on another portfolio.

Analysts think the company could be looking for an acquisition target.

The REIT will add $500 million in capital through a senior secured loan, and it received a $1.65 billion term facility.

The company could be seeking a cash infusion to handle market difficulties ahead, but representatives are keeping mum on the matter.