Investments

A bankruptcy judge will be asked to sign off on the sale of BHF's Shoreline portfolio in Chicago and will hold an initial Chapter 11 hearing on another portfolio.

Analysts think the company could be looking for an acquisition target.

The REIT will add $500 million in capital through a senior secured loan, and it received a $1.65 billion term facility.

The company could be seeking a cash infusion to handle market difficulties ahead, but representatives are keeping mum on the matter.

The company's planned two-week halt on originations turned into more than two months on hiatus because of coronavirus-related market disruptions.

The FHFA looks to shed light on the amount of funds Fannie and Freddie will need to hold for their risk-sharing deals.

The funds will be used to support housing, job training and aid for small businesses in communities that have been disproportionately affected by the pandemic.

The company's pricing of its secondary stock option partially alleviated worries about the need to obtain new funds and the risk of dilution for existing shareholders.

The funds will allow the company to make further investment in its machine language technology.

Not only is FHFA Director Mark Calabria preparing the GSEs to raise capital, but he must also help them decide just what they are selling to private investors in the way of equity returns and risk.

The lenders also are receiving warrants to purchase New Residential stock.

An indefinite closure of New York retail businesses during the COVID-19 pandemic added credit pressure on revenue bonds issued for the state’s largest mall.

After ending 2019 on a high note, Ocwen Financial posted an income loss in the first quarter due to the unexpected costs and volatility created by COVID-19.

Three of the four had fewer new notices of delinquency for the quarter, but that should change going forward.

IRS General Counsel Michael Desmond said Wednesday his office has received “a number of requests” for extending deadlines.

But it is still looking to conserve capital to cover future delinquencies and will likely halt dividends to the parent company.

But Black Knight and Arch Capital's mortgage insurance business aren't as affected, at least so far.

Fannie Mae's profitability suffered but it managed to stabilize the mortgage market in the first quarter even with the coronavirus disrupting, among other things, certain credit-risk transfer vehicles it has used.

Net income grew by nearly 1,990% year-over-year as its core mortgage services businesses gained scale.

While Freddie Mac stabilized liquidity in mortgage markets, coronavirus-related credit losses drove the GSE's income down in the first quarter of 2020.