Deerfield to Take $75M RMBS-Linked Charge

Published January 17, 2008, 2:00 p.m. EST

1 Min Read

Deerfield Capital Corp., Chicago, has announced that it will take a noncash charge of $75.5 million in the fourth quarter related to approximately $3.4 billion of residential mortgage-backed securities, and a $14.6 million charge linked to its asset-backed securities. Deerfield, a real estate investment trust, also reported sales of approximately $1.5 billion of available-for-sale RMBS in the fourth quarter to reduce leverage and maintain adequate liquidity. The company said it plans to carry its entire RMBS portfolio at fair value in 2008.

Processing Content

For reprint and licensing requests for this article, click here.

MORE FROM NATIONAL MORTGAGE NEWS

Law and legal issues

Santander Bank sued for overcharging HELOC borrowers

A new class action lawsuit accuses the banking giant of failing to lower borrowers' interest rates following a series of Federal Reserve rate cuts.

By Andrew Martinez
Reporter

1h ago
Mortgage technology

Figure's consumer marketplace volume more than doubles

The fintech's Figure Connect private credit loan exchange has grown to account for 56% of total consumer marketplace activity in early 2026.

By Spencer Lee
Technology Reporter

July 8
Secondary markets

Agency MBS issuance slows in June on fewer refis

However, for the second quarter, increased home purchase mortgage activity contributed to an industry-wide 11% increase in agency securitizations, BTIG said.

By Brad Finkelstein
Originations Editor

July 8
Secondary markets

Bank uses a twist on credit-linked notes for capital relief

OceanFirst Financial worked with an asset manager to apply the structure to a $1.5 billion portfolio of residential mortgages.

By Bonnie Sinnock
Capital Markets Editor

July 8
Fiserv

Fiserv's executive turnover continues with president's resignation

President Dhivya Suryadevara is leaving the company shortly after assuming the job, the latest move as the company attempts to recover from an earnings slump.

By John Adams
Executive Editor, Payments

July 8
Federal Reserve

Study shows decade-long decline in federal enforcement activity

Counter to prevailing narratives about rules and enforcement activity whipsawing from one administration to the next, public citations by federal banking regulators have steadily declined over the past decade — under both Democratic and Republican administrations.

By Kyle Campbell
Staff writer

July 8

Load More