United States housing bubble

Two Harbors Investment Corp. Announces Public Offering of Common Stock

Retrieved on: 
Monday, July 12, 2021
REIT, Finance, Professional services, Residential Building & Real Estate, Construction & Property, Loans, Money, Finance, United States housing bubble, Communication, Forward-looking statement, Economy, Mortgage loan, Mortgage servicer, Mortgage-backed security, Loan servicing

Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, targets, expectations, anticipations, assumptions, estimates, intentions and future performance.

Key Points: 
  • Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, targets, expectations, anticipations, assumptions, estimates, intentions and future performance.
  • The forward-looking statements made in this release include, but may not be limited to, expectations regarding the use of proceeds from the offering.
  • All written or oral forward-looking statements that we make, or that are attributable to us, are expressly qualified by this cautionary notice.
  • Two Harbors Investment Corp., a Maryland corporation, is a real estate investment trust that invests in residential mortgage-backed securities, mortgage servicing rights and other financial assets.

DigitalBridge Announces Closing of $500 Million of Securitized Notes

Retrieved on: 
Monday, July 12, 2021
Technology, Other Construction & Property, Other Technology, Commercial Building & Real Estate, Construction & Property, REIT, Finance, Money, Economy, Credit risk, United States housing bubble, Credit rating agency, Credit rating, Securitization, Bond

DigitalBridge Group, Inc. (NYSE: DBRG) (DigitalBridge or the Company) today announced the closing of two securitized financing note issuances totaling $500 million.

Key Points: 
  • DigitalBridge Group, Inc. (NYSE: DBRG) (DigitalBridge or the Company) today announced the closing of two securitized financing note issuances totaling $500 million.
  • Two of its subsidiaries, DigitalBridge Issuer, LLC and DigitalBridge Co-Issuer, LLC (together, the Co-Issuers), closed the previously announced offering of $300 million aggregate principal amount of Series 2021-1 3.933% Secured Fund Fee Revenue Notes, Class A-2 (the Class A-2 Notes).
  • Additionally, the Co-Issuers issued Series 2021-1 Secured Fund Fee Revenue Variable Funding Notes, Class A-1 (the VFN Notes and, together with the Class A-2 Notes, the Series 2021-1 Notes), which will allow the Co-Issuers to borrow up to $200 million on a revolving basis.
  • First DigitalBridge investment-grade rating The Class A-2 Notes have received a credit rating of BBB from Kroll Bond Rating Agency.

AG Mortgage Investment Trust, Inc. Announces Reverse Stock Split

Retrieved on: 
Monday, July 12, 2021
Construction & Property, Professional services, REIT, Finance, Real estate investment trust, Mortgage loan, Structured finance, United States housing bubble, Mortgage-backed security, Private money investing, AG Mortgage Investment Trust, Inc., Angelo Gordon, AG MORTGAGE INVESTMENT TRUST, INC., ANGELO GORDON

AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the Company) announced today that its Board of Directors unanimously approved a reverse stock split of the Companys common stock at a ratio of 1-for-3.

Key Points: 
  • AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the Company) announced today that its Board of Directors unanimously approved a reverse stock split of the Companys common stock at a ratio of 1-for-3.
  • The reverse stock split is expected to take effect following the close of business on July 22, 2021 (the "Effective Time").
  • No fractional shares will be issued in connection with the reverse stock split.
  • About AG Mortgage Investment Trust, Inc.
    AG Mortgage Investment Trust, Inc. is a hybrid mortgage REIT that opportunistically invests in a diversified risk-adjusted portfolio of Credit Investments and Agency RMBS.

KBRA Assigns Preliminary Ratings to LendingPoint 2021-A Asset Securitization Trust

Retrieved on: 
Friday, July 9, 2021
Banking, Entertainment, Professional services, Film & Motion Pictures, United States housing bubble, Credit risk, Debt, Securitization, KBRA, Finance, Money, Credit rating agency, Economy

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to four classes of notes issued by LendingPoint 2021-A Asset Securitization Trust (LP 2021-A), a consumer loan ABS transaction.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to four classes of notes issued by LendingPoint 2021-A Asset Securitization Trust (LP 2021-A), a consumer loan ABS transaction.
  • This transaction represents LendingPoint LLCs (LendingPoint or the Company) fifth KBRA-rated securitization of non-prime unsecured consumer installment loans.
  • Founded in July 2014, LendingPoint is a wholly owned subsidiary of LendingPoint Holdings LLC, which is a wholly owned subsidiary of LendingPoint Consolidated, Inc.
  • KBRA considered its operational review of LendingPoint, as well as periodic due diligence calls with the Company.

Ellington Financial Declares Common and Preferred Dividends

Retrieved on: 
Thursday, July 8, 2021
Banking, Professional services, Finance, Finance, Financial markets, Structured finance, Money, Fixed-income securities, Mortgage-backed security, Financial law, United States housing bubble, Ellington Management Group, Mortgage loan, Asset-backed security, Derivative

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

Key Points: 
  • This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
  • Examples of forward-looking statements in this press release include statements regarding the Company's payment of dividends.
  • Ellington Financial invests in a diverse array of financial assets, including residential and commercial mortgage loans, residential and commercial mortgage-backed securities, consumer loans and asset-backed securities backed by consumer loans, collateralized loan obligations, non-mortgage and mortgage-related derivatives, equity investments in loan origination companies, and other strategic investments.
  • Ellington Financial is externally managed and advised by Ellington Financial Management LLC, an affiliate of Ellington Management Group, L.L.C.

Blackstone Mortgage Trust Announces Second Quarter 2021 Earnings Release and Conference Call

Retrieved on: 
Thursday, July 8, 2021
Finance, Banking, Professional services, Commercial Building & Real Estate, Construction & Property, Finance, Loans, Mortgage loan, United States housing bubble, Money, Structured finance, Mortgage-backed security, Mortgage industry of the United States, The Blackstone Group, Secondary mortgage market, Blackstone Mortgage Trust, Blackstone, BLACKSTONE MORTGAGE TRUST, BLACKSTONE

Blackstone Mortgage Trust, Inc. (NYSE: BXMT) today announced that it will publish its second quarter 2021 earnings presentation on its website at www.bxmt.com and file its Form 10-Q pre-market on Wednesday, July 28, 2021.

Key Points: 
  • Blackstone Mortgage Trust, Inc. (NYSE: BXMT) today announced that it will publish its second quarter 2021 earnings presentation on its website at www.bxmt.com and file its Form 10-Q pre-market on Wednesday, July 28, 2021.
  • The company will also host a conference call the same day at 9:00 a.m.
  • 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.
  • Blackstone Mortgage Trust assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events or circumstances.

Orchard Global Recruits Top Talent to Manage Growing CLO Portfolio

Retrieved on: 
Thursday, July 8, 2021
Loans, Finance, Money, Collateralized loan obligation, Mortgage, Structured finance, United States housing bubble, CLO, Mortgage-backed security, Economy, Applicable margin reset

LONDON, July 8, 2021 /PRNewswire/ -- Orchard Global, a leading alternative assets manager, today announced that Rachit Prasad is joining as a Portfolio Manager focused on advancing the firm's strategies in the collateralized loan obligation (CLO) space.

Key Points: 
  • LONDON, July 8, 2021 /PRNewswire/ -- Orchard Global, a leading alternative assets manager, today announced that Rachit Prasad is joining as a Portfolio Manager focused on advancing the firm's strategies in the collateralized loan obligation (CLO) space.
  • Mr. Prasad comes to Orchard Global from Deutsche Bank, where he served as a Director on the highly regarded European ABS research desk covering leveraged loan CLOs and residential mortgage-backed securities.
  • "In both current and prior roles, our leadership team at Orchard Global has been instrumental in establishing the modern CLO market, and we are proud of our firm's strong CLO track record going back over 15 years," said John R. Young, Chief Investment Officer.
  • "Orchard has built a distinctive approach to identifying and capturing opportunities in the CLO market as well as offering strategic risk retention solutions to global CLO managers," said Mr. Prasad.

Orchard Global Recruits Top Talent to Manage Growing CLO Portfolio

Retrieved on: 
Thursday, July 8, 2021
Loans, Finance, Money, Collateralized loan obligation, Mortgage, Structured finance, United States housing bubble, CLO, Mortgage-backed security, Economy, Applicable margin reset

LONDON, July 8, 2021 /PRNewswire/ -- Orchard Global, a leading alternative assets manager, today announced that Rachit Prasad is joining as a Portfolio Manager focused on advancing the firm's strategies in the collateralized loan obligation (CLO) space.

Key Points: 
  • LONDON, July 8, 2021 /PRNewswire/ -- Orchard Global, a leading alternative assets manager, today announced that Rachit Prasad is joining as a Portfolio Manager focused on advancing the firm's strategies in the collateralized loan obligation (CLO) space.
  • Mr. Prasad comes to Orchard Global from Deutsche Bank, where he served as a Director on the highly regarded European ABS research desk covering leveraged loan CLOs and residential mortgage-backed securities.
  • "In both current and prior roles, our leadership team at Orchard Global has been instrumental in establishing the modern CLO market, and we are proud of our firm's strong CLO track record going back over 15 years," said John R. Young, Chief Investment Officer.
  • "Orchard has built a distinctive approach to identifying and capturing opportunities in the CLO market as well as offering strategic risk retention solutions to global CLO managers," said Mr. Prasad.

Freddie Mac Prices $900 Million Multifamily K-Deal, K-F115

Retrieved on: 
Wednesday, July 7, 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

The K-F115 Certificates are backed by corresponding classes issued by the FREMF 2021-KF115 Mortgage Trust (KF115 Trust) and guaranteed by Freddie Mac.

Key Points: 
  • The K-F115 Certificates are backed by corresponding classes issued by the FREMF 2021-KF115 Mortgage Trust (KF115 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.

Black Knight: Home Prices Surge Nearly 18% Annually as May Sees Greatest Single-Month Acceleration on Record; eMBS Securities Issuance Data Suggests Borrower Behavior Changing in Response

Retrieved on: 
Wednesday, July 7, 2021
Loans, Money, Finance, United States housing bubble, Mortgage loan, Black Knight, Economy, Urban politics in the United States, Subprime mortgage crisis, House price index

This month's report looks at the continued, unprecedented levels of home price growth, and the impact that growth is having on mortgage lending and borrower behavior.

Key Points: 
  • This month's report looks at the continued, unprecedented levels of home price growth, and the impact that growth is having on mortgage lending and borrower behavior.
  • According to Black Knight Data & Analytics President Ben Graboske, home price appreciation continues to break records, with ramifications that stretch across the real estate and mortgage markets.
  • "The Black Knight HPI shows home prices in May up nearly 18% from the same time last year," said Graboske.
  • Single-family home prices are up more than 18% from last May also a record.