Bank of America and Goldman Sachs Group are seeking to unload as much as $5bn in debt left over from the 2007 buyout of Hilton Worldwide, according to people familiar with the negotiations. The banks may package into securities a $3bn piece of a mortgage taken out by Blackstone Group to finance its acquisition of the hotel chain in 2007, said the people, who declined to be identified because the discussions are private.
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While many homebuilders, such as D.R. Horton and Tri Pointe Homes, significantly reduced the number of new home starts over the last quarter amid sluggish homebuyer demand, Smith Douglas Homes Corp. is taking a different approach, akin to that of Lennar. Pace over price. The builder’s strategy reflects a commitment to affordability and serving the […]
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HousingWire on Tuesday announced the launch of the HousingWire Mortgage Rankings, a new performance intelligence product designed to provide a clear, data-driven view of mortgage origination activity across the U.S. The rankings benchmark mortgage originators based on observed production, offering a standardized view of performance across geographies, loan types and channels. Historically, the mortgage industry has lacked […]