Items Tagged with 'Anthracite Capital'


  • Mortgage REIT Insider: Agencies Ascending

    Perhaps the only subsector of the mortgage REIT universe to bring any holiday cheer, the agency-backed mortgage REITs had plenty to be thankful for this past week -- especially the Federal Reserve’s initative to buy $500 million in agency-backed MBS.
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  • Mortgage REIT Insider: Troubling Earnings Trends

    A slew of troubling earnings reports dominated the mortgage REIT headlines this past week. Leading the pack of ugly ducklings was diversified REIT Resource Capital Corp. [stock RSO][/stock]. Resource Capital posted taxable income of $0.38/share versus the second-quarter $0.41/share dividend; not surprisingly, the company guided future dividends down to $0.37 - $0.39/share for the remaining quarters of the year. From a GAAP perspective, a $15 million general loan loss provision drove the company to a net loss of $0.21/share for the quarter.
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  • Mortage REIT Insider: Alescoe's CDO Woe

    Perhaps the biggest story of the week was CDO woes anew at Alesco Financial [stock AFN][/stock]. This week’s blowup came courtesy of ailing Alt-A lender IndyMac Bancorp [stock IMB][/stock], which announced (in addition to a worse-than-expected quarterly loss) that it would defer the interest payment on its trust preferred securities. Alesco holds a portion of the equity interests in eight CDOs that include trust preferred securities issued by IndyMac.
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