Anworth Mortgage Asset Corp., Santa Monica, Calif., has announced the recent sale of approximately $692 million (in face value) of mortgage-backed security holdings, resulting in a loss of about $21 million.The sales consisted of approximately $637 million of agency MBS and approximately $55 million of triple-A rated nonagency MBS, Anworth reported. "Given the higher rates [relative to agency MBS financings], limited liquidity, and increase uncertainty surrounding the company's borrowings relative to its agency MBS and nonagency MBS holdings, the proceeds from the company's MBS sales have [been] and will be used to reduce its outstanding repurchase agreement borrowings and reduce the company's financial leverage in the near term," the company said. Anworth, a mortgage real estate investment trust, can be found online at http://www.anworth.com.
-
An average of 2.2 issues found in problematic loan files shows existing tools are insufficient to detect vulnerabilities before closing, Fundingshield said
1h ago -
Housing supply is returning to pre-pandemic levels, but the rise comes as new listings fall, pointing to subdued demand, leading real estate brokerages said.
1h ago -
While existing home sales aren't measured in GDP, many of the things which come along with it are, and those are likely to start trending down, First American said.
July 18 -
While foreclosure numbers in the first six months of this year were up compared to 2024, starts eased as the spring progressed, according to Attom.
July 18 -
The merger of the firm's lending arm and Figure Markets is a reaction to a thawing regulatory environment.
July 18 -
The legislation is a direct response to HUD's effective elimination of the PAVE task force and comes amid ongoing debates over DEI policies in the federal government.
July 18