Mortgage real estate investment trust Five Oaks changed the structure of its initial public offering this week.
The company will sell 4 million shares in its IPO and 1.7 million shares to XL in a seperate, concurrent private placement.
Mortgage real estate investment trust Five Oaks changed the structure of its initial public offering this week.
The company will sell 4 million shares in its IPO and 1.7 million shares to XL in a seperate, concurrent private placement.
The top U.S. mortgage lender announced the service on Thursday during an annual meeting with its broker partners in Pontiac, Michigan.