Mortgage REITs: Nice Spread, Nice Dividends

While equity REITs invest in physical properties, mortgage REITs invest in mortgages or mortgage-backed securities (MBS), making them real estate debt owners. Mortgage REITs typically derive their returns from the income produced by the mortgages in their portfolio as well as changes in the
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We talked last week about appraisal arbitrage, the strategy in which hedge funds buy stock in companies that have announced mergers, vote against the mergers, and then sue in Delaware court to get a court to give them the fair value of their stock. Often, in the not-too-distant past, the court calculated a
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The weighted average price that buyers paid for Turkish Airlines stock in February through block trades was 18.39 liras per share, compared with an averaged listed price of 17.19 liras per share over the period, according to data compiled by Bloomberg. The airline rallied more than 14 percent this
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This year's Show gathers a record number of 1,970 exhibitors from 40 countries and regions, including new exhibitors from Belize and Turkey, to showcase an assortment of jewellery raw materials including exquisite diamonds, precious and semi-precious stones as well as pearls to international buyers.
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The European Union's opposition to turning Theresa May's pledge to avoid a border in the Irish Sea after Brexit is unacceptable, according to the Democratic Unionist Party, which keeps her in power. The bloc is resisting British efforts to insert an explicit commitment that Northern Ireland will be treated
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French hotelier Accor has signed the long-awaited sale of a majority stake in its real estate business to a consortium of investors including the sovereign wealth fund of Saudi Arabia. Europe's largest hotelier by room numbers said on Tuesday after market close that it will sell 55 per cent of AccorInvest to
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Kushner Cos. says it's negotiating to buy the 49.5 percent of a debt-laden office tower on Manhattan's Fifth Avenue that it doesn't already own from partner Vornado Realty Trust. Christine Taylor, a spokeswoman for Kushner Cos., declined to elaborate on terms for either the purchase or a restructuring of
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The markets are tuning in today to hear from the current chair of the Federal Reserve, Jerome Powell. He's up on Capitol Hill before the House as part of a semi-annual testimony. The top dog at the nation's central bank certainly has the power to sway the markets one way or another, but it's unlikely he'll
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Carrington Mortgage Holdings Executive Vice President Rick Sharga on the impact of rising interest rates on the housing market.
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Residential mortgages are one of the most expensive commitments most Aussie households will ever shoulder. However, Peter Harris, chairman of the Productivity Commission, has bemoaned the “smoke and shadow” that prevents would-be borrowers from accurately determining the best home loan
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We found five homes — in Back Bay, Lexington, Dorchester, Milton, and Hingham — that wil help get the gears turning for home buyers who like to bike.
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Our client is leading the way in the Australian 'fintech' market providing business loans to small businesses. Having enjoyed long-term success in the American market – they have brought this blueprint to Australia and having been making waves since introducing their unique online lending solution to
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INDIANAPOLIS — Legislation that passed the Indiana House and would have put some of the state's most economically troubled citizens at risk is not going to get a hearing in the Senate. House Bill 1319, which would triple the allowable annual percentage rate, or APR, of unsecured consumer
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In a marriage of struggling mortgage companies, Ocwen Financial of West Palm Beach said Tuesday that it will pay $360 million for PHH Corp. of Mount Laurel, New Jersey. The companies share a common disdain for the federal Consumer Financial Protection Bureau: After the agency imposed hefty
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Ocwen, one of the nation's largest mortgage companies, has an office in Fort Washington, according to its latest annual report. Both Ocwen, which is based in West Palm Beach, Fla., and and PHH have had repeated run-ins with regulators. PHH agreed last month to pay $45 million to settle allegations
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More than half of Australian home buyers look through rose-coloured glasses when inspecting a property they are about to purchase. According to a new poll by ME Bank, 58% of 1,000 property owners admitted spending less than 60 minutes checking out the property they eventually purchased.
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In his new role, Brummer will continue to be responsible for credit risk management strategy and policy, while also leading Radian's mortgage insurance and risk services business and the team responsible for all mortgage insurance, credit risk products and operations. His primary focus will be to grow
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Before joining Inlanta in 2013, Buege gained experience in roles as senior vice president of business development at Shelter Mortgage; president and chief operating officer at Universal Mortgage Corp.; and assistant vice president of secondary marketing at Fleet Mortgage Corp. He holds a bachelor's
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INDIANAPOLIS — The chairman on an Indiana Senate committee has killed a payday lending bill that was widely opposed by veterans' advocates and faith groups — including the Indiana House Speaker's own church — who said that it would have legalized lending at rates of up to 222 percent.
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Family Building Society is exploring whether to launch a residential offset mortgage for the self-employed operating through a limited company. The product, which could launch in the second half of the year, would allow money saved in a deposit account with the society to offset the mortgage balance.
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