Anworth Mortgage Asset Corp., a real estate investment trust based in Santa Monica, Calif., has announced that it expects to recognize a loss from operations of approximately $0.07 per share for the third quarter.Anworth said the increase in interest income (net of premium amortization) from its portfolio of agency mortgage-backed securities was offset by the increase in its cost of borrowings, resulting in an approximately unchanged interest rate spread. The mortgage REIT also announced that its wholly owned subsidiary, Belvedere Trust Mortgage Corp., reported a preliminary loss of approximately $900,000 for the third quarter. The loss was attributed largely to accelerating prepayments and to financing costs that were rising faster than the increases in the yield of its mortgage-related assets. Anworth can be found on the Web at http://www.anworth.com.
-
The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
2h ago -
In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
2h ago -
The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
10h ago -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
11h ago -
But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
April 18 -
The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
April 18