Anworth Mortgage Asset Corp., Santa Monica, Calif., has reported a net loss to common stockholders of $12.9 million ($0.28 per share) for the second quarter, including a loss of approximately $10 million from the sale of about $400 million in agency mortgage-backed securities.The unaudited results represented a big decline from the net income of $7.8 million ($0.16 per share) recorded a year earlier. Anworth, a mortgage real estate investment trust, said the weighted average coupon of the agency MBS held by the company as of June 30 stood at 5.34%. The REIT can be found on the Web at http://www.anworth.com.
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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.
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Capital Community Bank of Provo has purchased Security Home Mortgage, headquartered in nearby Orem.
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Mike Kortas, CEO of NEXA, alleges he fired his former co-owner, Mat Grella, because he added himself as a "new manager" of the company in a filed amendment to the company's articles of organization.
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