Items Tagged with 'REIT'

ARTICLES

  • Mortgage REIT merger: Two Harbors acquiring CYS Investments

    Companies plot expansion into agency RMBS
    Nearly two years ago, Two Harbors Investment Corp., a mortgage REIT, shuttered its mortgage securitization business, wherein the company bought jumbo mortgages and securitized them. And now, the company is preparing to expand its agency RMBS business by acquiring CYS Investments, a fellow mortgage REIT that specializes in investing in agency RMBS backed by fixed-rate single-family residential mortgage loans, adjustable-rate mortgages and hybrid ARMs.
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  • Annaly Capital Management CEO Kevin Keyes to become board chairman in 2018

    Annaly co-founder Wellington Denahan retiring as executive chairman
    Annaly Capital Management, one of the nation’s largest mortgage real estate investment trusts, announced Wednesday that the company’s co-founder and former CEO, Wellington Denahan, will retire as executive chairman and chairman of the board at the end of the year. Replacing Denahan in those roles will be Kevin Keyes, who currently serves as Annaly’s CEO and president.
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  • Freddie Mac explores credit-risk transfer idea to gain more REIT investors

    Intended to expand investor base for STACR securities
    Freddie Mac announced that it’s contemplating making a change to the structure of its Structured Agency Credit Risk (STACR) transactions in order to try and gain more investors. “From our preliminary analysis, which we’ve laid out in an accompanying fact sheet, we believe the potential enhancement to STACR would not disrupt the To Be Announced market,” said Mark Hanson, senior vice president of securitization with Freddie Mac.
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  • Fannie Mae makes plan to draw more REIT investors into credit-risk transfers

    Proposes new structure to Connecticut Avenue Securities
    Fannie Mae proposed a new structure to its benchmark Connecticut Avenue Securities credit risk transfer program to potentially help draw in more Real Estate Investment Trust investors. If done well, the move should avoid any disruption of the To-Be-Announced Mortgage Backed Security market.
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  • Redwood Trust CEO: We're ready for Trump to bring private capital back to mortgages

    Tells investors that REIT will be "aggressive" when time comes
    During an interview with CNBC on Thursday, Steven Mnuchin, the newly minted Secretary of the Department of the Treasury, reiterated the Trump administration’s pledge to pursue reform of Fannie Mae and Freddie Mac. And if that happens, Marty Hughes, the CEO of Redwood Trust, says that the real estate investment trust will be ready and willing to step further into the market.
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  • American Housing Income Trust names new CEO

    Industry veteran James Stevens replaces outgoing CEO Jeff Howard
    American Housing Income Trust, a real estate investment trust that operates single-family rental homes in Arizona, Nevada and Texas, announced the company will now have new leadership as the REIT looks to expand its business.
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  • Silver Bay Realty Trust loads up on more single-family rental homes

    Acquires 320 homes for $41.5 million
    Silver Bay Realty Trust, a real estate investment trust and one of the country’s largest operators of single-family rental homes, is expanding its portfolio. The REIT announced Wednesday that it plans to acquire approximately 320 leased homes located in Atlanta, Tampa and Orlando from an undisclosed seller for approximately $41.5 million in cash.
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  • Redwood Trust President Brett Nicholas stepping down

    Will be replaced by REIT's current chief financial officer
    Just over a month after Redwood Trust announced several shifts in its future business plans, including discontinuing the acquisition and aggregation of conforming loans for sale to Fannie Mae and Freddie Mac, the real estate investment trust is about to experience another shift, this time in its senior management.
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  • REIT executives served with grand jury subpoenas

    UDF facing a federal investigation
    After the Federal Bureau of Investigation raided residential finance and investment firm United Development Funding, executives were reportedly served grand jury subpoenas to provide documents related to the operations of the firm.
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