Real estate mortgage investment conduit

BrightSpire Capital, Inc. Completes Name Change from Colony Credit Real Estate, Inc.

Retrieved on: 
Thursday, June 24, 2021
Commercial Building & Real Estate, Construction & Property, REIT, Finance, Money, Economy, Financial law, Real estate investment trust, CUSIP, Debt, Investment, Mortgage loan, Income tax in the United States, Real estate mortgage investment conduit

BrightSpire Capital, Inc. (BrightSpire Capital or the Company) announced today its successful name change from Colony Credit Real Estate, Inc.

Key Points: 
  • BrightSpire Capital, Inc. (BrightSpire Capital or the Company) announced today its successful name change from Colony Credit Real Estate, Inc.
  • As previously announced, the Companys Class A common stock will bear a new CUSIP number of 10949T 109.
  • CRE debt investments primarily consist of first mortgage loans, which we expect to be the primary investment strategy.
  • BrightSpire Capital is organized as a Maryland corporation and taxed as a REIT for U.S. federal income tax purposes.

Fannie Mae Priced $879 Million Green Multifamily DUS REMIC (FNA 2021-M2G) Under Its GeMS Program

Retrieved on: 
Thursday, June 17, 2021
Mortgage industry of the United States, Fannie Mae, Economy of the United States, Real estate mortgage investment conduit, Fannie, Companies, Financial services in the United States

WASHINGTON, June 17, 2021 /PRNewswire/ --Fannie Mae (OTCQB: FNMA) priced an $879 million Green Multifamily DUS REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on June 16, 2021.

Key Points: 
  • WASHINGTON, June 17, 2021 /PRNewswire/ --Fannie Mae (OTCQB: FNMA) priced an $879 million Green Multifamily DUS REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on June 16, 2021.
  • In the second decade of its Multifamily Green Financing business, Fannie Mae remains committed to generating positive environmental and social impact through our two Multifamily Green products types: our Green Building Certification (GBC) program and Green Rewards, our energy- and water consumption-reduction program.
  • Through the Fannie Mae GeMS program, we have re-securitized an additional $12.6 billion in REMICs backed by Green MBS.
  • The Fannie Mae Green MBS program has received a "light green" second-party opinion (SPO) from CICERO.

New York Mortgage Trust Declares Second Quarter 2021 Common Stock Dividend of $0.10 Per Share, and Preferred Stock Dividends

Retrieved on: 
Monday, June 14, 2021
Finance, Money, Real estate investment trust, Economy, Dividend, Mortgage loan, Real estate investing, Investment trust, United States housing bubble, Corporate finance, Real estate mortgage investment conduit

New York Mortgage Trust, Inc. is a Maryland corporation that has elected to be taxed as a real estate investment trust (REIT) for federal income tax purposes.

Key Points: 
  • New York Mortgage Trust, Inc. is a Maryland corporation that has elected to be taxed as a real estate investment trust (REIT) for federal income tax purposes.
  • NYMT is an internally managed REIT in the business of acquiring, investing in, financing and managing primarily mortgage-related single-family and multi-family residential assets.
  • Statements regarding the following subject, among others, may be forward-looking: the payment of dividends.
  • New risks and uncertainties arise over time and it is not possible to predict those events or how they may affect the Company.

Freddie Mac Multifamily Announces Social Bonds Deal Supporting Housing for the Intellectually and Developmentally Disabled

Retrieved on: 
Tuesday, June 8, 2021
Mortgage industry of the United States, United States housing bubble, Mortgage-backed security, Real estate mortgage investment conduit, Bond

Freddie Mac Multifamily is incredibly proud to announce our first Social Bonds transaction to provide housing for individuals with intellectual and developmental disabilities, said Robert Koontz, senior vice president of Capital Markets for Freddie Mac Multifamily.

Key Points: 
  • Freddie Mac Multifamily is incredibly proud to announce our first Social Bonds transaction to provide housing for individuals with intellectual and developmental disabilities, said Robert Koontz, senior vice president of Capital Markets for Freddie Mac Multifamily.
  • Our Impact Bonds, and specifically the Social Bonds framework, encourage innovation to provide solutions that meet the unique needs of underserved communities.
  • This Social Bonds structured transaction is a REMIC FHMR 2021-P009- issuance backed by a pool of Multifamily PCs.
  • According to the companys Social Bonds Framework , the proceeds of Freddie Macs Social Bonds are used either to provide liquidity to social impact financial institutions for financing of affordable housing or to finance multifamily properties originated by the Freddie Mac Multifamily Optigo network that are affordable to an underserved population.

Fannie Mae Priced $691 Million Multifamily DUS REMIC (FNA 2021-M13) Under Its GeMS Program

Retrieved on: 
Monday, May 17, 2021
Mortgage industry of the United States, Mortgage-backed security, Finance, Money, Financial markets, Structured finance, Fixed-income securities, United States housing bubble, Fannie Mae, SOFR, Real estate mortgage investment conduit, Commercial mortgage-backed security

b'WASHINGTON, May 17, 2021 /PRNewswire/ --Fannie Mae (OTCQB: FNMA) priced a $691 million Multifamily DUS REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on May 12, 2021.

Key Points: 
  • b'WASHINGTON, May 17, 2021 /PRNewswire/ --Fannie Mae (OTCQB: FNMA) priced a $691 million Multifamily DUS REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on May 12, 2021.
  • FNA 2021-M13 marks the sixth Fannie Mae GeMS issuance of 2021.\n"With the M13, Fannie Mae marks another milestone in the market\'s transition away from LIBOR with its first CMBS backed by Secured Overnight Financing Rate (SOFR)-indexed collateral," said Dan Dresser, Senior Vice President, Multifamily Capital Markets & Pricing.
  • "The Group 1 collateral comprises our ARM 7-6 capped, floating-rate product, which has been SOFR-based since late 2020.
  • The M13 also includes two fixed-rate groups of collateral and marks another GeMS program first with an A3 tranche backed by 12-year collateral.

Fannie Mae Priced $879 Million Multifamily DUS REMIC (FNA 2021-M11) Under Its GeMS Program

Retrieved on: 
Monday, April 19, 2021
Mortgage industry of the United States, Fannie Mae, Economy of the United States, Real estate mortgage investment conduit, Fannie, Companies, Financial services in the United States

b'WASHINGTON, April 19, 2021 /PRNewswire/ --Fannie Mae (OTCQB: FNMA) priced an $879 million Multifamily DUS REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on April 14, 2021.

Key Points: 
  • b'WASHINGTON, April 19, 2021 /PRNewswire/ --Fannie Mae (OTCQB: FNMA) priced an $879 million Multifamily DUS REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on April 14, 2021.
  • FNA 2021-M11 marks the fifth Fannie Mae GeMS issuance of 2021.\n"We started the second quarter with an $879 million 10-year fixed-rate GeMS deal, building on the $21.5 billion in DUS issuance in Q1 2021," said Dan Dresser, Senior Vice President, Multifamily Capital Markets & Pricing.
  • "This first quarter saw spreads continue to grind tighter despite the solid volumes; multifamily borrowers have benefitted from approximately a 30-basis-point tightening of spreads from pre-COVID levels, and investors continue to enjoy the strong underwriting of the DUS program.
  • "\nAll classes of FNA 2021-M11 are guaranteed by Fannie Mae with respect to the full and timely payment of interest and principal.

ARMOUR Residential REIT, Inc. Confirms April 2021 Dividend Rate per Common Share and Q2 2021 Monthly Dividend Rate per Series C Preferred Dividends

Retrieved on: 
Thursday, April 1, 2021
United States housing bubble, Structured finance, Real estate investment trust, Mortgage industry of the United States, Mortgage-backed security, Dividend, Taxable income, Corporate finance, Finance, Economy, Real estate mortgage investment conduit

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. 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).

Ivy High Income Opportunities Fund Announces Monthly Distribution

Retrieved on: 
Thursday, April 1, 2021
Professional services, Finance, Finance, Money, Economy, United States housing bubble, Private equity, Fixed income analysis, Yield, Bond, High-yield debt, Bond fund, Real estate mortgage investment conduit

The distribution is expected to be paid from net investment income (regular interest and dividends).

Key Points: 
  • The distribution is expected to be paid from net investment income (regular interest and dividends).
  • Ivy High Income Opportunities Funds investment objective is to seek to provide total return through a combination of a high level of current income and capital appreciation.
  • The Fund seeks to achieve its investment objective by investing primarily in a portfolio of high yield corporate bonds of varying maturities and other fixed income instruments of predominantly corporate issuers, including first- and second-lien secured loans.
  • An investment in the Fund is not appropriate for all investors and is not intended to be a complete investment program.

Chimera Investment Corporation Sponsors Four Residential Mortgage Loan Securitizations and Retires Loan and Related Warrants

Retrieved on: 
Wednesday, March 31, 2021
REIT, Finance, Professional services, Residential Building & Real Estate, Construction & Property, United States housing bubble, Finance, Money, Mortgage-backed security, Mortgage industry of the United States, Economy, Credit risk, Debt, Securitization, Real estate mortgage investment conduit, Mortgage loan

On March 25, 2021, Chimera Investment Corporation (NYSE:CIM) sponsored CIM 2021-R2, a $1.5 billion securitization of seasoned reperforming residential mortgage loans, and CIM 2021-NR2, a $240.4 million securitization of seasoned non-REMIC eligible residential mortgage loans.

Key Points: 
  • On March 25, 2021, Chimera Investment Corporation (NYSE:CIM) sponsored CIM 2021-R2, a $1.5 billion securitization of seasoned reperforming residential mortgage loans, and CIM 2021-NR2, a $240.4 million securitization of seasoned non-REMIC eligible residential mortgage loans.
  • The mortgage loans for both securitizations were from the call and collapse of Chimeras CIM 2017-3, CIM 2017-4, and CIM 2018-NR1 securitizations (the Prior Securitizations).
  • Chimera retained subordinate interests in securities with an aggregate balance of approximately $224.6 million and certain interest-only securities.
  • Chimera also retained an option to call the securitized mortgage loans at any time beginning in March 2025.

Fannie Mae Prices $715 Million Green Multifamily DUS REMIC (FNA 2021-M1G) Under Its GeMS Program

Retrieved on: 
Friday, March 26, 2021
Mortgage industry of the United States, Fannie Mae, Economy of the United States, Real estate mortgage investment conduit, Fannie, Companies, Financial services in the United States

WASHINGTON, March 26, 2021 /PRNewswire/ -- Fannie Mae(OTCQB: FNMA) priced a $715 million Green Multifamily DUS REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on March 23, 2021.

Key Points: 
  • WASHINGTON, March 26, 2021 /PRNewswire/ -- Fannie Mae(OTCQB: FNMA) priced a $715 million Green Multifamily DUS REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on March 23, 2021.
  • In the second decade of its Multifamily Green Financing business, Fannie Mae remains committed to generating positive environmental and social impact through our two Multifamily Green product types: our Green Building Certification (GBC) program and Green Rewards, our energy- and water consumption-reduction program.
  • Through the Fannie Mae GeMS program, we have re-securitized an additional $11.7 billion in REMICs backed by Green MBS.
  • The Fannie Mae Green MBS program has received a "light green" second party opinion (SPO) from CICERO.