Zacks.com, the online unit of Zacks Investment Research Inc., Chicago, is featuring a trio of mortgage real estate investment trusts in its Growth and Income Profit Track.They are American Home Mortgage Investment Corp., Melville, N.Y.; New Century Financial Corp., Irvine, Calif.; and Thornburg Mortgage Inc., Santa Fe, N.M. The companies targeted by Zacks for the list are those that have unusually high dividend yields. American Home raised its quarterly dividend to $0.96 per share, after regaining its financial footing in the first quarter. Its dividend yield is 10.3%, Zacks said. New Century also raised its dividend to $1.80 per share, the sixth straight increase since the subprime lender adopted a REIT structure in the fourth quarter of 2004. New Century's dividend yield is 13.8%. While Thornburg did not raise its first-quarter dividend of $0.68 per share (the same as a year earlier), its dividend yield stands at 9.8%. According to Zacks, "despite what is expected to be a tough 2006, [Thornburg] believes it can maintain its current dividend level and expects its prospects to improve once the market environment changes." Zacks can be found online at http://www.zacks.com.
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Rocket jumps first to raise 2027 conforming loan limits to $845,000, with Rate and CrossCountry matching; UWM's move still pending marking an early signal of IMB competitive positioning.
10h ago -
Sypher Capital Management announced the public launch of its new independent comparison site for bitcoin-backed loans and mortgages last week.
11h ago -
Consumer advocacy group Better Markets filed a lawsuit in federal district court Thursday claiming the Federal Reserve's top regulator coached bankers on how to comment on proposed capital rules in "secret meetings."
September 10 -
From higher immediate pricing to long-term impacts on the housing market, originators are assessing what the rise in the 10-year Treasury yield means.
September 10 -
Atlas VMS acquired CloseClear.ai to help lenders prevent post-appraisal GSE buybacks. The tech continuously matches active pipelines against live disaster maps to plug closing blind spots.
September 9 -
BTIG is predicting mortgage origination volume for loanDepot, PennyMac Financial Services, Rithm, Rocket Cos., and UWM Holdings combined will be 5% lower than the industry consensus for the third quarter.
September 9






