Items Tagged with 'Friedman Billings'


  • Mortgage REIT Insider: Walking the Plank

    One of these days, I’ll be able to write a positive column about the mortgage REIT sector. Today, however, is not one of those days. This week was one of the ugliest yet for the mortgage finance companies, with vicious selling spurred on by potential bankruptcy at mall REIT giant General Growth Properties [stock GGP][/stock] and the news that two major commercial loans near default are sinking newly-minted CMBS JPMorgan Chase Commercial Mortgage Securities Trust 2008-C2. With that, let’s take a look at which mortgage REITs are in danger of walking the plank this week.
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  • Commentary: More Subprime Layoffs

    First NLC tightening its belt: First NLC, a Friedman Billings, Ramsey Group-owned lender and one of the nation's 25 largest in the subprime market, is shedding staff in response to the recent downturn in the subprime market....not that layoffs at subprime lenders are, in and of themselves, news these days. The company said in a press statement late Friday that it will be closing of a number of its wholesale operations centers, consolidating operations into its facilities at Deerfield Beach, Florida and Anaheim, California.
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