Items Tagged with 'Mike Perry'

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  • Mortgage lender Finance of America partners with Mike Ferry

    Blackstone affiliate aligns with well-known real estate coach
    Finance of America Mortgage, which boasts the backing of The Blackstone Group and recently splashed on the scene with a number of high-profile lender acquisitions, announced an affiliation with well-known real estate coach Mike Ferry and the Mike Ferry Organization.
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  • Viewpoint: IndyMac to Cease Reporting Raw Delinquency Statistics, but Why?

    Calling so-called raw delinquency statistics "meaningless and misleading," IndyMac chairman and CEO Mike Perry said late last week that the thrift -- which lost $509 million in the fourth quarter and suspended its dividend amid increasing borrower delinquencies -- would cease reporting them, as it looked to shift its reporting to so-called static-pool data.
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  • Thornburg Posts $1.1 Billion Loss in Third Quarter; Cancels Common Dividend

    Ultra-jumbo mortgage lender Thornburg Mortgage reported its third quarter results well after market close today, registering a net loss of just under $1.1 billion for the quarter and canceling its third quarter common dividend payment as the lender adjusts to what many in the industry are calling the "worst mortgage market in history." (The phrase was used by IndyMac CEO Mike Perry in
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  • IndyMac Lays Off 4 Percent Of Workforce; CEO Says 'Mortgage Market Continues to be Tough'

    IndyMac Bank said late yesterday it was laying off 400 workers, or 4 percent of its workforce, in response to the downturn in the mortgage markets -- the latest proof yet of trouble in the Alt-A marketplace. On a company blog, The IMB Report, CEO Mike Perry said that industry conditions continue to be "tough" and noted a few key items about IndyMac's performance:
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