Items Tagged with 'Newcastle Investment Corp.'


  • Mortgage news wrap up

    Two Harbors taps into FHLB system; Anworth files 5M share repurchase authorization
    In the final days of 2013, the mortgage and real estate markets are prepping for a year of change and transition. HousingWire already sees companies on the move – tackling new changes and trying new strategies. Compass Point Research & Trading Group highlighted four movers and shakers this week.
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  • Newcastle Announces Second Quarter 2007 Results

    (August 2, 2007) -- Newcastle Investment Corp. reported that for the quarter ended June 30, 2007, Funds from Operations excluding the effect of a non-cash impairment charge was $38.5 million, or $0.73 per diluted share, compared to $0.66 per diluted share for the second quarter 2006.
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  • Accredited's Loss May Be Gain for Fortress, Nationstar

    Newcastle Investment Corp. (NYSE:NCT) said Friday that it will purchase a $1.7 billion portfolio of approximately 7,300 subprime residential mortgage loans, a portfolio sources have told HW was sold by troubled subprime lender Accredited Home Lenders Holding Company (NASDAQ:LEND). Accredited announced that it had sold $2.7 billion of its loans on March 16, saying the sale -- which was completed at a significant discount -- would generate additional liquidity to allow it to continue to operate. It did not indicate at that time who had purchased the loans, nor the discount associated with the sale. Newcastle is a REIT affiliated with Fortress Investment Group LLC, an investment firm that also owns subprime lender Nationstar Mortgage. Fortress purchased the subprime mortgage banking operations of homebuilder Centex in March 2006 in a deal worth approximately $575 million, which it then renamed Nationstar Mortgage.
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