Real Estate Investment Trusts (REITS) could see an end to good times as rising interest rates start to pressure bottom lines and shrink dividend payments, according to a Bedford Report analysis.
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Global issuance of CLOs is at $5.0 billion via 13 deals for the year to date through July 15, according to Dealogic.
July 18 -
Mortgage servicer Ocwen Financial is seeking a $575 million term loan B to finance its acquisition of Litton from Goldman Sachs.
July 18 -
Builders’ confidence in the market for new single-family homes dropped, as the National Association of Home Builders' (NAHB) housing market index - a monthly gauge of builder sentiment – grew to 15 in July from 13 in June.
July 18 -
Ford Motor Credit Co. is marketing an auto loan ABS worth $1.07 billion. Ford Credit is a subsidiary of Ford Motor Co.
July 18 -
Richard Cordray, the enforcement chief at the Consumer Financial Protection Bureau (CFPB), will be named to lead the new regulator, the Obama administration said Sunday.
July 18
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Mutual funds that invest in leveraged loans may be pulling in less new money, but banks themselves have been picking up the slack in lending, putting them in competition with institutional investors and contributing to the general froth in the market.
July 18 -
Two Harbors Investment Corp., a REIT with Jumbo plans and an additional equity offering in the works, was one of the most actively traded stocks on the NYSE Friday afternoon.
July 15 -
A recent report by Moody’s Analytics found that the decline of consumer credit balances has slowed. This might potentially serve as signs of credit recovery and the end of deleveraging. However, any continued improvement is predicated on the strength of the macroeconomic recovery.
July 15 -
The macro events surrounding the European Union's (EU) sovereign debt with increased worries about Italy and Spain and the U.S. debt ceiling talks — including downgrade warnings from the rating agencies if an agreement wasn't reached soon — dominated this week's headlines.
July 15 -
Existing home sales rose 7.5% in June from the prior month on a non-seasonally adjusted basis and prices increased for the third consecutive month, according to new figures compiled by RE/MAX.
July 15 -
After the tense moments of her last congressional hearing, Elizabeth Warren surprised critics at her second appearance before the House Committee on Oversight and Government Reform with a carrot of sorts.
July 15 -
Ginnie Mae issuers sold $26.2 billion of MBS into the secondary market in June, up 3% from the previous month, according to new government figures.
July 15