Items Tagged with 'Rate of return'


  • Freddie Posts $768m Profit After Accounting Gains

    Mortgage giant Freddie Mac [stock FRE][/stock] late Friday reported a net income of $768m for Q209, compared with a $9.9bn net loss in the previous quarter. The return to green kept the government-sponsored enterprise from having to draw down more Treasury Department funds through its preferred stock purchase agreement.
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  • Home Prices Post First Quarterly Gain Since 2006

    For the first time since 2006, the nation posted positive quarter-over-quarter price returns in Q209, according to the July Home Data Index Report released Thursday by Clear Capital. Fueled by strong seasonal spring sales in the Midwest, which had a price increase of 5.3% over Q109, the overall US price growth increased by 1.7% in a quarter-over-quarter comparison. The South also added to the surge, climbing 2% from the previous quarter.
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  • South Stays Strong in New Housing Report

    The Southern region of the United States posted the strongest quarter-over-quarter price returns in a new quarterly housing market report launched Wednesday by Clear Capital. The bad news: The region still posted an overall decline of 1.7%. But the (relatively) good news is the South posted the smallest overall decline of the four regions, according to Clear Capital's report. The South also posted half the decline of the national rate, 3.4%.
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  • First American Posts Q1 Return to Profit

    Business information provider The First American Corp. [stock FAF][/stock] posted $36m in net quarterly profit -- or 38 cents per share -- for Q109 from $29.3m in the year-ago period. The quarter's return to profit compares with $67m in net losses posted in Q408. "The company benefited from a surge in origination and default-related transaction activity, as well as continued expense reductions," says chair and CEO Parker Kennedy in the earnings statement.
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  • Mortgage REIT Insider: Redwood Rolls the Dice

    Redwood Trust has officially jumped back into the game. In a prospectus filing with the Securities and Exchange Commission earlier this week, the company announced that it was launching a 17 million share offering to finance the acquisition of additional residential and commercial mortgages. During the fourth quarter, the company purchased $50 million in RMBS for 64 cents on the dollar and continued its investment strategy into 2009, purchasing another $17 million during the first week of January.
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