United States housing bubble

Illinois, Florida And New Jersey Dominate Markets Most At Risk From Damage Related To Coronavirus Pandemic

Retrieved on: 
Thursday, July 22, 2021
Regions of the United States, Geography of the United States, United States, Southern United States, States of the United States, United States housing bubble, Mid-Atlantic states, Foreclosure, Mortgage, DELAWARE, Florida, Chicago

They included seven counties in the Chicago metropolitan area, four near New York City, all three in Delaware and four in central Florida.

Key Points: 
  • They included seven counties in the Chicago metropolitan area, four near New York City, all three in Delaware and four in central Florida.
  • The top 50 were scattered across 18 states in the second quarter, compared to 15 the prior time period.
  • The conclusions are drawn from an analysis of the most recent home affordability, equity and foreclosure reports prepared by ATTOM.
  • Counties were ranked in each category, from lowest to highest, with the overall conclusion based on a combination of the three ranks.

ARMOUR Residential REIT, Inc. Second Quarter 2021 Webcast Scheduled for July 23, 2021

Retrieved on: 
Wednesday, July 21, 2021
Structured finance, United States housing bubble, Real estate investment trust, Mortgage loan, Mortgage-backed security, Finance, Subprime mortgage crisis, Money, Mortgage industry of the United States, Economy

VERO BEACH, Florida, July 21, 2021 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (ARMOUR or the Company) announced today that it will provide an online, real-time webcast of its conference call with equity analysts covering second quarter 2021 operating results on Friday, July 23, 2021.

Key Points: 
  • VERO BEACH, Florida, July 21, 2021 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (ARMOUR or the Company) announced today that it will provide an online, real-time webcast of its conference call with equity analysts covering second quarter 2021 operating results on Friday, July 23, 2021.
  • The Company will issue its second quarter 2021 earnings release after the close of trading on Thursday, July 22, 2021.
  • ARMOUR invests exclusively in fixed rate residential, adjustable rate and hybrid adjustable rate residential mortgage-backed securities issued or guaranteed by U.S. government-sponsored enterprises or guaranteed by the Government National Mortgage Association.
  • ARMOUR is externally managed and advised by ARMOUR Capital Management LP, an investment advisor registered with the Securities and Exchange Commission (SEC).

Freddie Mac Prices Approximately $772 Million SLST Securitization

Retrieved on: 
Wednesday, July 21, 2021
Mortgage industry of the United States, Finance, United States housing bubble, Debt, Affordable housing, Freddie Mac, Money, Economy, Securitization, Structured finance

MCLEAN, Va., July 21, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced pricing of the second Seasoned Loans Structured Transaction Trust (SLST) offering of 2021a securitization of approximately $772 million including both guaranteed senior and non-guaranteed subordinate securities backed by a pool of seasoned re-performing loans (RPLs).

Key Points: 
  • MCLEAN, Va., July 21, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced pricing of the second Seasoned Loans Structured Transaction Trust (SLST) offering of 2021a securitization of approximately $772 million including both guaranteed senior and non-guaranteed subordinate securities backed by a pool of seasoned re-performing loans (RPLs).
  • Freddie Mac SLST Series 2021-2 includes approximately $687 million in guaranteed senior certificates and approximately $85 million in non-guaranteed subordinate certificates.
  • Additional information about the companys seasoned loan offerings can be found at:
    This announcement is not an offer to sell any Freddie Mac securities.
  • Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.

ARMOUR Residential REIT, Inc. Announces August 2021 Dividend Rate Per Common Share

Retrieved on: 
Wednesday, July 21, 2021
United States housing bubble, Real estate investment trust, Dividend, Mortgage-backed security, Mortgage industry of the United States, Corporate finance, Finance, Financial economics

In order to maintain this tax status, ARMOUR is required to timely distribute substantially all of its ordinary REIT taxable income.

Key Points: 
  • In order to maintain this tax status, ARMOUR is required to timely distribute substantially all of its ordinary REIT taxable income.
  • Dividends paid in excess of current tax earnings and profits for the year will generally not be taxable to common stockholders.
  • ARMOUR invests exclusively in fixed rate residential, adjustable rate and hybrid adjustable rate residential mortgage-backed securities issued or guaranteed by U.S.
  • ARMOUR is externally managed and advised by ARMOUR Capital Management LP, an investment advisor registered with the Securities and Exchange Commission (SEC).

Nnenna Lynch Appointed to Board of Directors of Blackstone Mortgage Trust

Retrieved on: 
Wednesday, July 21, 2021
Banking, Professional services, Finance, Real estate investing, United States housing bubble, Primary dealers

Blackstone Mortgage Trust, Inc. (NYSE: BXMT) announced today that Nnenna Lynch has been appointed to its Board of Directors, effective immediately.

Key Points: 
  • Blackstone Mortgage Trust, Inc. (NYSE: BXMT) announced today that Nnenna Lynch has been appointed to its Board of Directors, effective immediately.
  • Ms. Lynch brings a diverse array of knowledge and experience in real estate investment and development to the BXMT board.
  • Michael B. Nash, Executive Chairman of the Board of BXMT, said: We are thrilled to welcome Nnenna to our Board of Directors.
  • Blackstone Mortgage Trust (NYSE:BXMT) is a real estate finance company that originates senior loans collateralized by commercial real estate in North America, Europe, and Australia.

KBRA Assigns Preliminary Ratings to RFS Asset Securitization LLC, Series 2021-1

Retrieved on: 
Wednesday, July 21, 2021
Other Professional Services, Professional services, Finance, United States housing bubble, Credit risk, Debt, Securitization, Finance, Money, Economy, Credit rating agency, Accounts receivable

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to five classes of notes (the Notes) issued by RFS Asset Securitization LLC, Series 2021-1 (RFS 2021-1).

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to five classes of notes (the Notes) issued by RFS Asset Securitization LLC, Series 2021-1 (RFS 2021-1).
  • This transaction is Rapid Financial Services, LLCs (RFS, the Company or the Issuer) second securitization.
  • The proceeds of the sale of the Series 2021-1 Notes will be used to purchase receivables, fund the reserve account and pay related fees and expenses.
  • RFS was founded in 2009, is headquartered in Bethesda, MD and also has an office in Detroit, MI.

College Ave Student Loans Latest Securitization Earns AAA S&P Rating

Retrieved on: 
Wednesday, July 21, 2021
Finance, Money, Economy, Loans, Student loans in the United States, United States housing bubble, Debt, Personal finance, Student loan, Private student loan, Securitization, DBRS

WILMINGTON, Del., July 21, 2021 /PRNewswire/ -- College Ave Student Loans announced it has completed a $279.6 million securitization of private student loans, its second for 2021 and the first to receive a AAA rating from S&P Global.

Key Points: 
  • WILMINGTON, Del., July 21, 2021 /PRNewswire/ -- College Ave Student Loans announced it has completed a $279.6 million securitization of private student loans, its second for 2021 and the first to receive a AAA rating from S&P Global.
  • "Achieving AAA ratings from both DBRS and S&P is a significant milestone for the company," said Joe DePaulo, CEO and Co-Founder of College Ave Student Loans.
  • Forbes Advisor, NerdWallet and Money also named College Ave as a winner on their "Best of 2021" awardslists in the private student loans category.
  • College Ave Student Loans started with a big vision and a simple mission take the stress out of paying for college so students can focus on preparing for a bright future.

Freddie Mac Prices $869 Million Multifamily K-Deal, K-F117

Retrieved on: 
Tuesday, July 20, 2021
Mortgage industry of the United States, Finance, Mortgage-backed security, United States housing bubble, Money, Financial markets, Structured finance, Affordable housing, Freddie Mac, Mortgage loan, Fannie Mae

MCLEAN, Va., July 20, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates (K Certificates), which includes a class of floating rate bonds indexed to the Secured Overnight Financing Rate (SOFR). The approximately $869 million in K Certificates (K-F117 Certificates) are expected to settle on or about July 29, 2021. The K-F117 Certificates are backed by floating-rate multifamily mortgages with 10-year terms, which are SOFR-based.

Key Points: 
  • The K-F117 Certificates are backed by corresponding classes issued by the FREMF 2021-KF117 Mortgage Trust (KF117 Trust) and guaranteed by Freddie Mac.
  • Freddie Mac Multifamily is a leading issuer of agency-guaranteed structured multifamily securities.
  • Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.
  • Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders.

Power Solutions International Announces Additional $25 Million Shareholder Loan Agreement With Weichai America

Retrieved on: 
Tuesday, July 20, 2021
Money, Finance, Swaps, Financial services, Banking, Libor, United States housing bubble

WOOD DALE, Ill., July 20, 2021 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. (the “Company” or “PSI”) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emission-certified engines and power systems, announced today that it entered into an additional shareholder’s loan agreement with its majority stockholder, Weichai America Corp. (“Weichai”), dated as of July 14, 2021 (the “Shareholder’s Loan Agreement”). The Shareholder’s Loan Agreement, which matures on May 20, 2022, provides the Company with access to up to $25 million of credit at the discretion of Weichai to supplement the Company’s working capital.  Borrowings under the Shareholder’s Loan Agreement will incur interest at the applicable rate of LIBOR + 4.50% per annum. As of July 15, 2021, PSI has borrowed $15 million under the Shareholder’s Loan Agreement.

Key Points: 
  • Borrowings under the Shareholders Loan Agreement will incur interest at the applicable rate of LIBOR + 4.50% per annum.
  • As of July 15, 2021, PSI has borrowed $15 million under the Shareholders Loan Agreement.
  • Additional details on the Shareholders Loan Agreement can be found in the Companys Current Report on Form 8-K filed with theSecurities and Exchange CommissiononJuly 20, 2021.
  • Power Solutions International, Inc. (PSI) is a leader in the design, engineering and manufacture of a broad range of advanced, emission-certified engines and power systems.

America First Multifamily Investors, L.P. Schedules Second Quarter 2021 Earnings Conference Call for Thursday, August 5, 2021 at 4:30 p.m. Eastern Time

Retrieved on: 
Tuesday, July 20, 2021
Investment, Partnership, Companies, Private equity, United States housing bubble, Mortgage-backed security, Finance, Financial markets, Investment, Partnership, Companies, Private equity, United States housing bubble, Mortgage-backed security, Finance, Financial markets

OMAHA, Neb., July 20, 2021 (GLOBE NEWSWIRE) -- America First Multifamily Investors, L.P. (NASDAQ: ATAX) (the “Partnership”) announced today that it will host a conference call for investors on Wednesday, August 5, 2021 at 4:30 p.m. Eastern Time to discuss the Partnership’s Second Quarter 2021 results.

Key Points: 
  • OMAHA, Neb., July 20, 2021 (GLOBE NEWSWIRE) -- America First Multifamily Investors, L.P. (NASDAQ: ATAX) (the Partnership) announced today that it will host a conference call for investors on Wednesday, August 5, 2021 at 4:30 p.m. Eastern Time to discuss the Partnerships Second Quarter 2021 results.
  • Following completion of the earnings call, a recorded replay will be available on the Partnerships Investor Relations website at www.ataxfund.com .
  • The Partnership is pursuing a business strategy of acquiring additional mortgage revenue bonds and other investments on a leveraged basis.
  • The Partnership disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.