Closed-end investment fund Carlyle Capital Corp. Ltd. says it is considering "all available options" after receiving "substantial additional margin calls and additional default notices from its lenders." The margin calls stem from recent deterioration in the agency mortgage-backed securities market. "The company believes these additional margin calls and increased collateral requirements could quickly deplete its liquidity and impair its capital," Carlyle Capital said. Carlyle also said that lenders who had previously issued default notices to the company have liquidated some of the fund's MBS. The company can be found on the Web at http://www.carlylecapitalcorp.com.
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With the 10-year Treasury yield hitting a 19-month high, mortgage industry executives are bracing for a tougher-than-usual end of year.
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The Republican proposal would bring the CFPB under congressional appropriations and curb several of its regulatory powers.
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The real-estate services firm has purchased a title search company and affiliate just months after buying the Mortgage Contracting Services division from MCS.
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Workforce solutions firm 3N Performance agreed to a Washington consent order after officials found it had engaged in unlicensed processing and underwriting.
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Markets are still pricing in an increase in the federal funds rate later this month, but Federal Reserve Gov. Michael Barr said his vote will depend on incoming unemployment and inflation data.
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The nation's largest homebuilder is fending off accusations that it misled home buyers on their escrow estimates and saddled them with steep increases.
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