Origen renews and ups credit line |
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Published
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Mon, 19 Mar 2007 18:27
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SOUTHFIELD, Mich. (AP) - Origen Financial Inc., a real estate investment trust that finances manufactured home loans, said Monday it renewed and increased its credit line with Citigroup Global Markets Realty Corp.The company said its credit line rose to $250 million from $235 million with lower borrowing costs and a bigger advance rate.The credit line renewal runs through March 2008.Origen Financial shares were unchanged at $6.20 in afternoon trading on the Nasdaq Stock Market.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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