GSC Partners, an investment adviser with offices in New York, London, Los Angeles, and Florham Park, N.J., has announced the formation of GSC Capital Corp., a real estate investment trust.The new REIT will invest in real-estate-related securities, whole-loan mortgages, bank loans, corporate loans, and other asset-backed securities, the company said, and will use structured financing techniques aimed at mitigating interest rate risks. Deutsche Bank Securities was the sole underwriter for the offering, which consisted of approximately $100 million of equity and $100 million of convertible debt. GSC Partners can be found online at http://www.gscpartners.com.
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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.
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The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
11h ago -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
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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