MBS

MFA Financial, Inc. Announces Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, November 7, 2023
Banking, Professional Services, Finance, Treasury, NYSE, Eastern Time Zone, Non-performing loan, MBS, Agency, MFA, GAAP, LTV, UPB, REO, Internet, Investment, Textile, Bank, Security (finance), Real estate

MFA Financial, Inc. (NYSE:MFA) today provided its financial results for the third quarter ended September 30, 2023.

Key Points: 
  • MFA Financial, Inc. (NYSE:MFA) today provided its financial results for the third quarter ended September 30, 2023.
  • Third Quarter 2023 financial results update:
    MFA generated a GAAP net loss for the third quarter of $64.7 million, or $0.64 per basic and diluted common share.
  • MFA paid a regular cash dividend for the quarter of $0.35 per share on October 31, 2023.
  • MFA Financial, Inc. plans to host a live audio webcast of its investor conference call on Tuesday, November 7, 2023, at 11:00 a.m. (Eastern Time) to discuss its third quarter 2023 financial results.

ProfoundBio Readies for Next Phase of Growth with Management Team Additions and Advisory Board Appointment

Retrieved on: 
Thursday, November 2, 2023
Research, Thought Leadership, Clinical Trials, Professional Services, Biotechnology, Health, Pharmaceutical, Science, Oncology, IPO, Pharmacyclics, Catalent, Alder, Therapy, Hematology, Nutcracker, MBS, Head, CMC, Seagen, Lundbeck, University of California, Acquisition, PTK7, Protein, Economics, Lundbeck Seattle Biopharmaceuticals, Yale University, Immunotherapy, Growth, SITC, ADC, Division, University, Biology, Amgen, Baxter International, Internal medicine, Merrill (company), Business, Keck Graduate Institute, Society for Immunotherapy of Cancer, Genentech, Society, Cancer, Seattle, University of Southern California, Coronavirus Scientific Advisory Board, Fine chemical, Management, Biochemistry, Proteolix, Chiron, Spacecraft, Western Washington University

We are thrilled to welcome Erin and Kevin to our leadership team as we plan for this next stage of growth.

Key Points: 
  • We are thrilled to welcome Erin and Kevin to our leadership team as we plan for this next stage of growth.
  • In addition, as chair of our Scientific Advisory Board, Lori brings decades of clinical thought-leadership and strategic product development experience in ADCs.
  • We look forward to working alongside them.”
    ProfoundBio also announced additional changes to the company's executive team.
  • Co-founders Tae Han and Xiao Shang will take on the roles of chief strategy officer and head of CMC, respectively.

Federal Home Loan Bank of Dallas Reports Third Quarter 2023 Operating Results

Retrieved on: 
Monday, October 30, 2023
Finance, Banking, Professional Services, Residential Building & Real Estate, Construction & Property, MBS, Federal, United States Treasury security, Sale, Federal Reserve, Federal Home Loan Banks, Security (finance), Securities and Exchange Commission (Nigeria), Investment, Bank, Cryptocurrency

The Federal Home Loan Bank of Dallas (Bank) today reported net income of $247.7 million for the quarter ended September 30, 2023.

Key Points: 
  • The Federal Home Loan Bank of Dallas (Bank) today reported net income of $247.7 million for the quarter ended September 30, 2023.
  • Total assets at September 30, 2023 were $147.6 billion, compared with $174.0 billion at June 30, 2023 and $114.3 billion at December 31, 2022.
  • Advances totaled $91.3 billion at September 30, 2023, compared with $109.0 billion at June 30, 2023 and $68.9 billion at December 31, 2022.
  • At September 30, 2023, June 30, 2023 and December 31, 2022, the Bank also held a $0.1 billion long-term U.S. Treasury Note classified as trading.

Surf Internet Empowers Growth with CDG's MBS Cloud - Operations and Revenue Platform

Retrieved on: 
Thursday, November 2, 2023
Cloud, OSS, BSS, Educational Broadband Service, Surf, MBS, CDG, Growth, API, BSP, Internet, Automation, Network equipment provider

"We are very excited for Surf to launch our OSS/BSS platform," remarked CDG's CEO, Jason Dandridge.

Key Points: 
  • "We are very excited for Surf to launch our OSS/BSS platform," remarked CDG's CEO, Jason Dandridge.
  • "Surf represents a growing group of forward-looking BSPs who are seeking a blend of independence and integration vs a closed one-system-for-all solution.
  • According to Deborah Crawford, COO at Surf Internet, "We are thrilled to launch CDG's OSS/BSS platform.
  • It is an ideal fit for our business strategy to provide optimal services to our customers through innovation, automation, and dedication.

ARMOUR Residential REIT, Inc. Announces Q3 Results and September 30, 2023 Financial Position; Increased Stock Repurchase Authorization

Retrieved on: 
Wednesday, October 25, 2023
Suite, Security (finance), Eastern Time Zone, MBS, Person, Attention, Book, REIT, Government National Mortgage Association, Trust, Common, Risk, COVID-19, TBA, Ocean Drive

7.00% Cumulative Redeemable Preferred C Stock ("Series C Preferred Stock") with liquidation preference totaling approximately $171.2 million.

Key Points: 
  • 7.00% Cumulative Redeemable Preferred C Stock ("Series C Preferred Stock") with liquidation preference totaling approximately $171.2 million.
  • ARMOUR paid monthly cash dividends of $0.40 per share of the Company’s common stock each month in Q3 2023.
  • ARMOUR paid monthly cash dividends of $0.14583 per share of the Company’s Series C Preferred Stock for each month in Q3 2023.
  • ARMOUR invests primarily in fixed rate residential, adjustable rate and hybrid adjustable rate residential mortgage-backed securities issued or guaranteed by U.S.

Freddie Mac Sells $19.1 Million of NPLs in Extended Timeline Pool

Retrieved on: 
Tuesday, October 24, 2023
Transfer, MBS, Consumer, NPL, Freddie Mac, Housing, SLST, Wells Fargo, RPL, Bank

Advisors to Freddie Mac on the transaction are Wells Fargo Securities, LLC and First Financial Network, Inc., a woman-owned business.

Key Points: 
  • Advisors to Freddie Mac on the transaction are Wells Fargo Securities, LLC and First Financial Network, Inc., a woman-owned business.
  • Freddie Mac’s seasoned loan offerings focus on reducing less-liquid assets in the company’s mortgage-related investments portfolio in an economically sensible way.
  • This includes sales of NPLs, securitizations of re-performing loans (RPLs) and structured RPL transactions.
  • Additional information about the company's seasoned loan offerings can be found at:
    Freddie Mac’s mission is to make home possible for families across the nation.

Freddie Mac Prices Approximately $309.9 Million SLST Securitization

Retrieved on: 
Wednesday, October 18, 2023
Transfer, Security (finance), Housing, MBS, FMCC, Freddie Mac, SLST, OTCQB, BofA Securities, Risk, RPL, Consumer, NPL, Exchange, Bank

MCLEAN, Va., Oct. 18, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced the pricing of the Freddie Mac Seasoned Loans Structured Transaction Trust (SLST) Series 2023-1, a securitization of approximately $309.9 million including both guaranteed senior and non-guaranteed subordinate securities backed by a pool of seasoned residential mortgage loans.

Key Points: 
  • MCLEAN, Va., Oct. 18, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced the pricing of the Freddie Mac Seasoned Loans Structured Transaction Trust (SLST) Series 2023-1, a securitization of approximately $309.9 million including both guaranteed senior and non-guaranteed subordinate securities backed by a pool of seasoned residential mortgage loans.
  • The SLST program is a fundamental part of Freddie Mac's seasoned loan offerings which reduce less-liquid assets in its mortgage-related investments portfolio and shed credit and market risk via economically reasonable transactions.
  • The transaction includes approximately $286.7 million in guaranteed senior certificates and approximately $23.2 million in non-guaranteed subordinate certificates.
  • Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.

CIMC Group Builds Hong Kong's First Modular Legislative Office, Pioneering an Expansion Project with Modular Method

Retrieved on: 
Tuesday, October 24, 2023
United Kingdom, Government, Public housing, MBS, MIC, Multimedia, City, Transport, Guangdong–Hong Kong–Macao Greater Bay Area, CIMC, HKSAR, Safety, Lifting, Film industry, Property management, Construction, Warehouse, Prefabrication

SHENZHEN, China, Oct. 23, 2023 /PRNewswire/ -- On 12th October, CIMC Modular Building Systems Holding Co., Ltd ("CIMC MBS"), a subsidiary of CIMC Construction Technology under CIMC Group, held a delivery ceremony for the expansion project of the Hong Kong Legislative Council Complex.

Key Points: 
  • SHENZHEN, China, Oct. 23, 2023 /PRNewswire/ -- On 12th October, CIMC Modular Building Systems Holding Co., Ltd ("CIMC MBS"), a subsidiary of CIMC Construction Technology under CIMC Group, held a delivery ceremony for the expansion project of the Hong Kong Legislative Council Complex.
  • This project marks the first-time modular construction technology that has been applied for the expansion project in Hong Kong, overthrowing the traditional expansion methods.
  • Once completed, the project will become the first modular legislative office and the first high-end office project in Hong Kong.
  • It is also a significant milestone for CIMC MBS as it marks their first expansion project.

OFG Bancorp Reports 3Q23 Results

Retrieved on: 
Friday, October 20, 2023
Banking, Professional Services, Finance, Asset, Disposable household and per capita income, Sale, Earthquake, NYSE, Delinquent, MBS, OFG Bancorp, Oriental Bank, Federal Reserve, Investment, Conference, GAAP, Credit, EPS, Annual report, Form 10-K, OFG, Lender option borrower option, Pandemic, Current Expected Credit Losses, Tangible common equity, Table, EOP, Cryptocurrency, Bank, Real estate, Security (finance)

OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, reported results for the third quarter ended September 30, 2023.

Key Points: 
  • OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, reported results for the third quarter ended September 30, 2023.
  • Compared to 2Q23, 3Q23 primarily reflected higher yields (7.84% vs. 7.76%) on increased average balances of loans and higher yields on variable rate loans.
  • Compared to 2Q23, 3Q23 reflected higher cost of funds (1.07% vs. 0.84%) on increased average balances of deposits and borrowings.
  • A conference call to discuss 3Q23 results, outlook and related matters will be held today at 10:00 AM ET.

 Janus Henderson’s pioneering AAA CLO ETF surpasses $4 billion in AUM before third anniversary

Retrieved on: 
Wednesday, October 18, 2023
Banking, Professional Services, Finance, Janus, ASX, Innovation, NYSE, US, MBS, ETF, AAA, AUM, ALPS, BBB, City, Prospectus, Risk, Fund, Janus Henderson, CFA, Investment, JAAA, Financial adviser, Security (finance), Lisp (programming language), Bloomberg

Janus Henderson Investors (NYSE/AX: JHG) today announced that its pioneering AAA Collateralized Loan Obligation ETF, Janus Henderson AAA CLO ETF (JAAA), has surpassed $4 billion in AUM before its third anniversary, making it the largest fixed income ETF launch as measured by AUM, active or passive, of the last three years, according to Bloomberg data.

Key Points: 
  • Janus Henderson Investors (NYSE/AX: JHG) today announced that its pioneering AAA Collateralized Loan Obligation ETF, Janus Henderson AAA CLO ETF (JAAA), has surpassed $4 billion in AUM before its third anniversary, making it the largest fixed income ETF launch as measured by AUM, active or passive, of the last three years, according to Bloomberg data.
  • * Janus Henderson is now the fifth largest provider of active fixed income ETFs in the U.S by AUM as of October 16, 2023.
  • Janus Henderson has been at the forefront of active fixed income ETF innovation, offering a number of fixed income ETFs.
  • Janus Henderson is a trademark of Janus Henderson Group plc or one of its subsidiaries.