MBS

Academy Asset Management Launches the Academy Veteran Impact ETF (NYSE: VETZ)

Retrieved on: 
Tuesday, August 8, 2023
Banking, Accounting, Professional Services, Public Policy, Government, Small Business, People with Disabilities, Military, Consumer, Veterans, Other Professional Services, Defense, Legal, Human Resources, Finance, Asset Management, Homeland Security, Consulting, Maker, Survivor, Organic, Risk, MBS, Fannie Mae, Lovell Minnick Partners, Quality of life, Unitary state, TBA, Veteran, Jane Street Capital, ETF, Prospectus, Freddie Mac, Service-Disabled Veteran-Owned Small Business, Fund, NYSE, VETZ, Real estate, Financial adviser, Security (finance)

Academy Asset Management, a SEC registered investment adviser, certified Disabled Veteran Business Enterprise (DVBE), and Service Disabled Veteran Owned Business (SDVOB), announced the launch of the Academy Veteran Impact ETF (NYSE: VETZ), the first publicly traded ETF to primarily invest in loans to U.S. service members, military veterans, their survivors, and veteran-owned businesses.

Key Points: 
  • Academy Asset Management, a SEC registered investment adviser, certified Disabled Veteran Business Enterprise (DVBE), and Service Disabled Veteran Owned Business (SDVOB), announced the launch of the Academy Veteran Impact ETF (NYSE: VETZ), the first publicly traded ETF to primarily invest in loans to U.S. service members, military veterans, their survivors, and veteran-owned businesses.
  • Academy Asset Management serves as the fund’s sub-adviser, is Veteran owned and operated, and is committed to opportunities for veterans, primarily through its social mission to hire, train, and mentor military veterans.
  • “We are extremely excited as we unveil this groundbreaking ETF, poised to make a profound impact on veterans,” stated Academy Asset Management’s CIO Seth Rosenthal, “This ETF reaches new heights in our dedication to support those who have served.”
    Academy Asset Management is a preeminent disabled veteran-owned SEC registered investment adviser focused on fixed-income funds and separately managed accounts.
  • Academy Asset Management is our nation’s first post-9/11 disabled veteran owned institutional asset manager.

Ready Capital Corporation Reports Second Quarter 2023 Results

Retrieved on: 
Monday, August 7, 2023
Transfer, Small Business Administration, ASC, MBS, REIT, Calendar, Labour-sponsored venture capital corporation, Risk management, GAAP, Completeness, RC, Financial instrument, Acquisition, Microsoft, SBC, Small business, NYSE, Bank, Real estate, Insurance

NEW YORK, Aug. 07, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (“Ready Capital” or the “Company”) (NYSE: RC), a multi-strategy real estate finance company that originates, acquires, finances, and services small-to-medium balance commercial (“SBC”) loans, today reported financial results for the quarter ended June 30, 2023.

Key Points: 
  • NEW YORK, Aug. 07, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (“Ready Capital” or the “Company”) (NYSE: RC), a multi-strategy real estate finance company that originates, acquires, finances, and services small-to-medium balance commercial (“SBC”) loans, today reported financial results for the quarter ended June 30, 2023.
  • “The closing of the $867 million acquisition of Broadmark Realty Capital in the second quarter marks a significant milestone for Ready Capital,” said Thomas Capasse, Ready Capital’s Chairman and Chief Executive Officer.
  • In addition, because not all companies use identical calculations, the Company's presentation of Distributable Earnings may not be comparable to other similarly-titled measures of other companies.
  • Certain MBS positions are considered to be non-distributable due to a variety of reasons which may include collateral type, duration, and size.

MFA Financial, Inc. Announces Second Quarter 2023 Financial Results

Retrieved on: 
Thursday, August 3, 2023
REIT, Finance, Professional Services, Residential Building & Real Estate, Construction & Property, REO, MFA, MBS, Internet, Eastern Time Zone, Risk management, RMBS, GAAP, LTV, Agency, Non-performing loan, NYSE, UPB, Textile, Bank, Security (finance), Real estate

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

Key Points: 
  • MFA Financial, Inc. (NYSE:MFA) today provided its financial results for the second quarter ended June 30, 2023.
  • Second Quarter 2023 financial results update:
    MFA generated a GAAP net loss for the second quarter of $34.1 million, or $0.34 per basic and diluted common share.
  • MFA paid a regular cash dividend for the quarter of $0.35 per share on July 31, 2023.
  • MFA Financial, Inc. plans to host a live audio webcast of its investor conference call on Thursday, August 3, 2023, at 11:00 a.m. (Eastern Time) to discuss its second quarter 2023 financial results.

MARELLI WINS ALTAIR ENLIGHTEN AWARD WITH ITS "LIGHTWEIGHT URETHANE FOR INTERIOR PRODUCTS"

Retrieved on: 
Wednesday, August 2, 2023
FIP, Covestro, MBS, Carbon footprint, Magneti Marelli, Organic compound, Interior product, Volatile organic compound, Recycling, EVS, Future, CAR, Center for Automotive Research, Altair, Paint

DETROIT, Aug. 2, 2023 /PRNewswire/ -- Global technology company Altair and the Center for Automotive Research (CAR), both based in Michigan, US, named Marelli a 2023 Enlighten Award winner in the Future of Lightweighting category for its "Lightweight Urethane for Interior Products".

Key Points: 
  • DETROIT, Aug. 2, 2023 /PRNewswire/ -- Global technology company Altair and the Center for Automotive Research (CAR), both based in Michigan, US, named Marelli a 2023 Enlighten Award winner in the Future of Lightweighting category for its "Lightweight Urethane for Interior Products".
  • The award ceremony was held on August 1st, as part of the CAR Management Briefing Seminars (MBS), an event focused on the future of the global automotive industry.
  • Marelli has developed a new lightweight polyurethane foam that can be applied to all foam-in-place (FIP) applications, particularly the main dashboard panel.
  • "We are honored to receive the 2023 Altair Enlighten Award for our polyurethane foam technology," said Tsukasa Fujii, president of Marelli's Interior Experience division.

ICE Expands Fixed Income Liquidity Offering With Relaunch of Enhanced Sweeps Protocol for Corporate Bonds

Retrieved on: 
Monday, July 31, 2023
Professional Services, Data Management, Technology, Software, Finance, Fintech, Banking, Web data services, MBS, ICE, Intercontinental, Risk management, RMA, Treasury, Intercontinental Exchange, Risk, Corporation, NYSE, CEP, Cryptocurrency, Security (finance), Agency

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced the relaunch of ICE Risk Matching Auction (RMA), an enhanced sweeps session-based protocol for dealer-to-dealer fixed income trading.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced the relaunch of ICE Risk Matching Auction (RMA), an enhanced sweeps session-based protocol for dealer-to-dealer fixed income trading.
  • With ICE RMA, after traders upload their inventory of bonds, an ICE proprietary algorithm matches buyers and sellers of the same bond or list of bonds.
  • “The Sweeps protocol continues to be an important tool for dealers for additional liquidity and risk management,” said Peter Borstelmann, President of ICE Bonds.
  • “The RMA relaunch builds on our strengths in both execution and data to deliver a robust sweeps solution that helps manage risk exposure across fixed income portfolios.”
    For more information about ICE Bonds, please visit: https://www.theice.com/fixed-income/ice-bonds .

Fannie Mae Priced $641 Million Multifamily Social DUS REMIC (FNA 2023-M1S) Under Its GeMS Program

Retrieved on: 
Friday, July 28, 2023
Analytics, Housing, MBS, Fannie Mae, Senior, MHC, OTCQB, Western Manufactured Housing Communities Association, DUS, FNA, Sustainalytics, Agency, AMI, Social, Manufactured housing

WASHINGTON, July 28, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced a $641 million Multifamily Social DUS® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on July 21, 2023.

Key Points: 
  • WASHINGTON, July 28, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced a $641 million Multifamily Social DUS® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on July 21, 2023.
  • FNA 2023-M1S marks the second Fannie Mae GeMS issuance of 2023.
  • "Last week's Social GeMS offering, the M1S, found a home despite challenging technicals of the week," said Dan Dresser, Senior Vice President, Multifamily Capital Markets, Pricing and Analytics, Fannie Mae.
  • "The collateral backing the M1S reflects the social criteria in our Sustainable Bond Framework across the spectrum of affordable housing," said Lisa Bozzelli, Senior Director, Multifamily Capital Markets, Fannie Mae.

PennyMac Mortgage Investment Trust Reports Second Quarter 2023 Results

Retrieved on: 
Thursday, July 27, 2023
Professional Services, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Sale, PMT, MBS, Microsoft, Investment, Q&A, Corporation, UPB, GSE, Bank, Real estate

Net interest expense for the segment was $29.3 million versus $33.1 million in the prior quarter.

Key Points: 
  • Net interest expense for the segment was $29.3 million versus $33.1 million in the prior quarter.
  • PMT’s Correspondent Production segment generated pretax income of $1.4 million, down from $1.8 million in the prior quarter.
  • Through its correspondent production activities, PMT acquired a total of $21.2 billion in UPB of loans, up 5 percent from the prior quarter and 1 percent from the second quarter of 2022.
  • The weighted average fulfillment fee rate in the second quarter was 18 basis points, unchanged from the prior quarter.

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

Retrieved on: 
Thursday, July 27, 2023
Finance, Banking, Professional Services, Residential Building & Real Estate, Construction & Property, Federal Home Loan Banks, United States Treasury security, Sale, Security (finance), Bank, MBS, Securities and Exchange Commission (Nigeria), Federal Reserve, Investment, Federal, Cryptocurrency

The Federal Home Loan Bank of Dallas (Bank) today reported net income of $239.6 million for the quarter ended June 30, 2023.

Key Points: 
  • The Federal Home Loan Bank of Dallas (Bank) today reported net income of $239.6 million for the quarter ended June 30, 2023.
  • Total assets at June 30, 2023 were $174.0 billion, compared with $181.2 billion at March 31, 2023 and $114.3 billion at December 31, 2022.
  • Advances totaled $109.0 billion at June 30, 2023, compared with $124.8 billion at March 31, 2023 and $68.9 billion at December 31, 2022.
  • At June 30, 2023, March 31, 2023 and December 31, 2022, the Bank also held a $0.1 billion long-term U.S. Treasury Note classified as trading.

U.S. Wireless Consumer Data Use, Industry Investment Again Hit Record Highs, CTIA Annual Survey Finds

Retrieved on: 
Tuesday, July 25, 2023
FCC, Consumer, Multimedia, Wireless data center, History, Administration, Congress, CTIA, Growth, MBS, Mobile phone, Renewable energy

WASHINGTON, July 25, 2023 /PRNewswire/ -- Wireless networks supported more data traffic than ever in 2022, an extraordinary 73 trillion megabytes, marking the biggest year-over-year increase in history and unprecedented growth, according to CTIA's 2023 Annual Wireless Industry Survey.

Key Points: 
  • The U.S. wireless industry also invested a record $39 billion to grow, improve and run their networks last year.
  • "As demonstrated yet again last year, we know the wireless industry is fully committed to investing at historic levels in today and tomorrow's infrastructure, leading the world in wireless innovation.
  • Since 1985, CTIA has surveyed U.S. wireless providers, highlighting the evolution of the industry.
  • For this year's installment of the survey, CTIA, via an independent accounting firm, aggregated data from companies serving more than 98% of all estimated wireless subscriber connections.

California University of Science and Medicine Granted Institutional Accreditation

Retrieved on: 
Tuesday, July 18, 2023
Education, General Health, Health, University, Indian Universities Commission 1902, Medical College Admission Test, MBS, Accreditation, Chairperson, Medical college, Teaching, Upper division college, California University of Science and Medicine, Biomedical sciences, Science, Student, WASC, MD, Physician, Western Association of Schools and Colleges, MCAT, Nursing, School, Medicine

California University of Science and Medicine (CUSM) today announced it had achieved accreditation status from the Western Association of Schools and Colleges (WASC) Senior College and University Commission (WSCUC).

Key Points: 
  • California University of Science and Medicine (CUSM) today announced it had achieved accreditation status from the Western Association of Schools and Colleges (WASC) Senior College and University Commission (WSCUC).
  • Accreditation validates that the CUSM community and its purpose are appropriate and are being accomplished through viable education programs.
  • CUSM worked with WSCUC to prove compliance with the organization’s core commitments, standards and all criteria required for accreditation.
  • To date, CUSM has graduated two classes of Doctor of Medicine (MD) and five classes of Master of Biomedical Sciences students.