Annaly Capital Management Inc., New York, has priced a public offering of 50 million shares of the company's common stock at $13.50 per share, for estimated gross proceeds of $675 million.The real estate investment trust said the estimated net proceeds of $641 million will be used to purchase mortgage-backed securities and for general corporate purposes. The sole book-running manager of the offering is Merrill Lynch & Co. Annaly can be found online at http://www.annaly.com.
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Freddie's plan "has merit," but if also used by Fannie, it might create competition for many closed-end, second liens in PL RMBS, according to new research.
1h ago -
While the company made headway in reducing operational costs, it incurred several million dollars worth of expenses as it dealt with the January incident.
10h ago -
The rightsizing measures impacted workers in Colorado and Florida who worked at acquired Computershare Mortgage Services and its affiliate Specialized Loan Servicing.
May 7 -
Former Angel Oak Lending Chief Marketing Officer Steven Winokur has come back into the non-qualified mortgage business by taking a marketing role at Carrington Mortgage Services.
May 7 -
The process of making changes to foreclosure prevention programs has been complicated by differences in how the Department of Veterans Affairs operates compared to an agency like the Federal Housing Administration.
May 7 -
Originators increased program offerings for the fifth consecutive month, but overall credit availability remains tight, the Mortgage Bankers Association said.
May 7