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PREIT, which owns a number of large malls, is trimming the salaries of its CEO and chief financial officer while suspending dividend payments as part of a deal with its lenders to stave off default as the coronavirus pandemic continues to take its toll on the troubled company.
August 4
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The year-over-year increase came as homebuying picked up and the company's mortgage lending business boomed.
August 3
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The company's servicing segment recorded a pretax loss of $251 million over the period.
July 31
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Even with the second quarter's market disruption, Redwood Trust still regained profitability.
July 31
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Fintechs are facing unique challenges in the pandemic. There might be a resurgence in funding on the horizon, but startups are looking to see what they can do now to weather the storm.
July 31
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While low interest rates drove up new insurance written, the increased defaults stymied overall performance.
July 30
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The government-sponsored enterprise's earnings were up tenfold as it stabilized mortgage market liquidity amid the coronavirus.
July 30
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The government-sponsored enterprise reported net earnings of $2.55 billion, up from $461 million in the first quarter.
July 30
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The private equity megalith's mortgage trust made a second-quarter net income of over $17.5 million and $85.2 million in core earnings.
July 30
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The New Jersey megamall owners' missed mortgage payments for another property compound investor concerns.
July 29
