The company granted the underwriters an option for 30 days to purchase up to an additional 450,000 shares of Class A common stock. The offering is expected to close on Wednesday, March 13, subject to customary closing conditions.
Barclays Capital Inc. and Credit Suisse Securities (USA) LLC are joint bookrunning managers for the offering. Ladenburg Thalmann & Co. and Compass Point Research & Trading LLC are serving as co-managers.
In its latest financial stability report, the Federal Reserve warned high equity valuations and low levels of liquidity could leave the financial system vulnerable to shocks.
Freddie Mac is offering a municipal bond option for investors in its ML multifamily securitization offerings starting with its December issuance.
Investors bought 15.9% of U.S. homes sold in Q3, according to Redfin, a level similar to 2018 and 2019, when the share was around 14%.
The development is the latest in an ongoing series of initiatives the Department of Housing and Urban Development has introduced to encourage growth of the factory-built construction segment.
Serious mortgage delinquencies are at their highest since May 2023, and early payment default activity is also a concern, ICE Mortgage Technology said.
A federal court ruled the plaintiff wants "sweeping reforms the court is powerless to give."
