• Теги
    • избранные теги
    • Компании8
      • Показать ещё
      Разное2
      Страны / Регионы1
      Люди1
Thornburg Mortgage
29 августа 2015, 03:07

Judge Rules for Thornburg Mortgage in Suit Against RBC

A federal judge found that Royal Bank of Canada shortchanged the failed mortgage lender when it seized and subsequently sold some of its assets.

Выбор редакции
15 июля 2013, 09:11

Mortgage REIT Meltdown, I Told You So

By Brad Thomas:I don't want to offend anyone, and I'm not writing this article to toot my own horn; however, I told you so.As we all know, Mortgage REITs are extremely sensitive to market conditions and rates as they employ leverage from 5 to 9x and require constant repurchase agreement financing. As a result, these REITs must hedge their portfolio using a variety of instruments (IOs, swaps, swaptions) and hope the hedges behave and perform as expected. It's important to remember the lessons learned from Thornburg Mortgage and Anthracite Capital which had their repo lines pulled and subsequently filed for bankruptcy.Mortgage REITs are also sensitive to developments in the mortgage market. The best example of this is when Ben Bernanke implied that the Federal Reserve would begin reducing the amount of mortgages they have been buying per month. As a result and since Uncle Ben made his statementComplete Story »

30 января 2013, 16:04

Thornburg Investment Management takes a shine to several mortgage REITs and a BDC, taking reportable stakes in [[MFA]] FInancial, Invesco Mortgage (IVR), Dynex Capital (DX), and Solar Capital (SLRC). (13Gs: I, II, III, IV)

Thornburg Investment Management takes a shine to several mortgage REITs and a BDC, taking reportable stakes in MFA FInancial, Invesco Mortgage (IVR), Dynex Capital (DX), and Solar Capital (SLRC). (13Gs: I, II, III, IV) Post your comment!