Browse articles from all of our Newsletters related to REITs.
January 20, 2017 - Inside MBS & ABS
International Value Advisors recently cut its stake in Annaly Capital Management the nations largest mortgage real estate investment trust by roughly half, a development that could be repeated by other investors as rising rates cause new concerns about MBS prices. At year-end, International owned 4.55 percent of Annaly compared to 9.60 percent a year earlier. Annalys largest investment is in agency MBS, of which it owned $73.5 billion at Sept. 30. The publicly traded REIT is...
January 13, 2017 - Inside MBS & ABS
The Blackstone Group this month filed its long awaited initial public offering document on its Invitation Homes unit, a pioneer in single-family rentals and securitization of these assets. The 1,300 page Form S-11 is chock full of financial details on the real estate investment trust, including the revelation that the company continues to lose money. Through the first nine months of 2016 the latest available data Invitation Homes posted a net loss of $51.6 million compared to a $121.7 million loss in the same period a year earlier. The numbers and commentary in the filing indicate...
January 5, 2017 - Inside Mortgage Finance
A year from now, PHH Mortgage likely wont be around, at least not as a conventional mortgage-banking franchise that originates residential loans and retains servicing rights. Thats what analysts and investment bankers who follow the stock now believe, especially in light of the companys recent announcement that it will sell its $72 billion portfolio of Fannie Mae/Freddie Mac mortgage servicing rights to New Residential Investment Corp. for $612 million or 84 basis points. Once completed, the sale along with a pending disposal of its Ginnie Mae MSR will leave...
December 16, 2016 - Inside MBS & ABS
Real estate investment trusts that invest in agency MBS could be in for some turbulence on their book values in the coming quarters if rates continue to rise as they have since the November election. As Inside MBS & ABS went to press, most analysts had come to the same conclusion: that publicly traded mortgage REITs have underperformed most financial stocks, including nonbank lender-servicers such as Ocwen Financial, PHH Corp. and Walter Investment Management Corp. Then again, investing in so-called mREITs has never been...
December 15, 2016 - Inside Mortgage Finance
Roughly $20 billion in mortgage servicing rights are now available for bulk purchase in the secondary market compared to just a few billion a month ago. The reason: higher interest rates. According to servicing advisers interviewed by Inside Mortgage Finance this week, the 75 basis point jump in rates since the election has suddenly transformed a glum-looking market into one that has great potential. Theres...
- GSE Seller Profile 4Q16
- Top Players 3Q16
- Top 20 Lender Profiles 3Q16
- Mortgage Profitability 3Q16
- GSE Private MI Profile 3Q16
- GSE Repurchase Activity Thru 2Q16
Most Popular Stories
- What Were Hearing: Time for Steve to Talk to Mel / Going to Bed, Disappointed / The GSE Stock Bet: Buy Low, Sell High / Is Pershing Square Losing Money on the GSEs? / NAR Chief Stays Hopeful on MIP Cut
- Nonbanks Increased Agency Servicing by Almost 22 Percent in 2016
- Treasury Nominee Mnuchin Shoots Down GSE Recap and Release Concept
- Two Hours After Trump is Sworn In, HUD Issues Mortgagee Letter Killing the FHA MIP Reduction
- Trump May Ice the FHA MIP Cut, At Least for Now