Items Tagged with 'Real estate investment trust'

ARTICLES

  • Redwood Trust buying real estate investment loan originator 5 Arches

    REIT acquires remaining 80% of originator
    Last year, Redwood Trust, a real estate investment trust that specializes in buying and securitizing jumbo mortgages, grew its real estate investor loan business when it acquired a 20% stake in 5 Arches, an originator and asset manager of investor-focused loans. As part of the deal, Redwood Trust had the right to purchase the remaining 80% of 5 Arches within one year. And now, Redwood Trust plans to do just that.
    Read More
  • Mortgage REIT merger: Two Harbors acquiring CYS Investments

    Companies plot expansion into agency RMBS
    Nearly two years ago, Two Harbors Investment Corp., a mortgage REIT, shuttered its mortgage securitization business, wherein the company bought jumbo mortgages and securitized them. And now, the company is preparing to expand its agency RMBS business by acquiring CYS Investments, a fellow mortgage REIT that specializes in investing in agency RMBS backed by fixed-rate single-family residential mortgage loans, adjustable-rate mortgages and hybrid ARMs.
    Read More
  • Redwood Trust CEO: We're ready for Trump to bring private capital back to mortgages

    Tells investors that REIT will be "aggressive" when time comes
    During an interview with CNBC on Thursday, Steven Mnuchin, the newly minted Secretary of the Department of the Treasury, reiterated the Trump administration’s pledge to pursue reform of Fannie Mae and Freddie Mac. And if that happens, Marty Hughes, the CEO of Redwood Trust, says that the real estate investment trust will be ready and willing to step further into the market.
    Read More
  • American Housing Income Trust names new CEO

    Industry veteran James Stevens replaces outgoing CEO Jeff Howard
    American Housing Income Trust, a real estate investment trust that operates single-family rental homes in Arizona, Nevada and Texas, announced the company will now have new leadership as the REIT looks to expand its business.
    Read More
  • Silver Bay Realty Trust loads up on more single-family rental homes

    Acquires 320 homes for $41.5 million
    Silver Bay Realty Trust, a real estate investment trust and one of the country’s largest operators of single-family rental homes, is expanding its portfolio. The REIT announced Wednesday that it plans to acquire approximately 320 leased homes located in Atlanta, Tampa and Orlando from an undisclosed seller for approximately $41.5 million in cash.
    Read More
  • Massive REIT Annaly Capital set to get even larger

    Hatteras Financial deal makes for the biggest REIT around
    In a move that creates a massive mortgage real estate investment trust, Annaly Capital Management announced Monday that it plans to acquire Hatteras Financial Corp. for $1.5 billion. According to a release from Annaly, the deal will make the company the "largest, most liquid and diversified mortgage REIT in the world."
    Read More
  • Redwood Trust President Brett Nicholas stepping down

    Will be replaced by REIT's current chief financial officer
    Just over a month after Redwood Trust announced several shifts in its future business plans, including discontinuing the acquisition and aggregation of conforming loans for sale to Fannie Mae and Freddie Mac, the real estate investment trust is about to experience another shift, this time in its senior management.
    Read More
  • Silver Bay Realty Trust CEO David Miller resigns

    REIT names Thomas Brock interim president and CEO
    Silver Bay Realty Trust, a real estate investment trust that focuses on single-family rental homes, announced Tuesday that David Miller, the company’s president, CEO and a member of its board of directors, is resigning, effective immediately.
    Read More
  • Annaly CEO Wellington Denahan stepping down

    Mortgage REIT chooses company president Kevin Keyes as new CEO
    Wellington Denahan, the co-founder, chairman and chief executive officer of the nation’s largest mortgage real estate investment trust, Annaly Capital Management, is stepping down as CEO. Company president Kevin Keyes will take over as CEO.
    Read More