Wilshire to Review Strategic Options

January 27, 2006, 3:00 p.m. EST 1 Min Read

Wilshire Enterprises Inc., a real estate company based in Newark, N.J., has engaged Friedman, Billings, Ramsey & Co. to conduct a strategic review of the company's options, according to Wilshire.Meanwhile, Wilshire will continue to pursue a previously announced strategy of rationalizing its asset base through geographic concentration and upgrading the quality of assets in its core markets, said company chairman Sherry Wilzig Izak. Friedman, Billings, Ramsey & Co., the broker-dealer subsidiary of Friedman, Billings, Ramsey Group Inc., can be found online at http://www.fbr.com.

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

TRENDING

Homebuilders

NVR profits approach $400 million

While income decreased from the fourth quarter, it accelerated on an annual basis across NVR's building and lending units.

By Spencer Lee

3h ago
Litigation

If Supreme Court sides with CFPB, 'flurry' of litigation moves forward

Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.

By Kate Berry

4h ago
Flood insurance

Flood rule aims to strike a tricky balance on FHA loan costs

Prevention through new building standards and mapping technology aim to keep home insurance rates down but mortgage bankers see challenges.

By Bonnie Sinnock

10h ago

MORE FROM NATIONAL MORTGAGE NEWS

Homebuilders

NVR profits approach $400 million

While income decreased from the fourth quarter, it accelerated on an annual basis across NVR's building and lending units.

By Spencer Lee

3h ago
Litigation

If Supreme Court sides with CFPB, 'flurry' of litigation moves forward

Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.

By Kate Berry

4h ago
Flood insurance

Flood rule aims to strike a tricky balance on FHA loan costs

Prevention through new building standards and mapping technology aim to keep home insurance rates down but mortgage bankers see challenges.

By Bonnie Sinnock

10h ago
Career moves

Mr. Cooper hires chief investment officer, VP of corporate finance

The mortgage lender and servicer announced that Ranjit Bhattacharjee, a capital markets veteran, and Kevin Barker, a financial analyst with two decades of experience, have joined its ranks.

By Maria Volkova

11h ago
Housing markets

Capital gains taxes could keep home sellers on the sidelines

Because of rising home values, more transactions have proceeds over the federal tax exemption, especially in California, a CoreLogic study found.

By Brad Finkelstein

April 23
Ginnie Mae

Ginnie Mae fights efforts to bring APA into Texas Capital suit

Texas Capital Bank wants to bring the Administrative Procedures Act into the case, but Ginnie Mae said the legal proceedings are outside its scope.

By Bonnie Sinnock

April 23