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Stay in-the-know on legal news for the mortgage, housing and finance industries.
Latest Posts
Mortgage REIT Insider: TED Spread Tackles Capstead
Dec 12, 2008We knew it was coming, but the 465 basis point blow-out in October’s TED spread — the interest rates on interbank loans and short-term U.S. government debt — has come home to haunt one of the agency mortgage REITs. By failing to lock in the low spreads on its repurchase facilities, Capstead Mortgage [stock CMO][/stock] was forced to slice its fourth-quarter dividend by 34 percent, to just $0.36/share.
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Bank of America Will Cut At Least 30,000 Employees Before 2012
Dec 11, 2008 -
Ohio Sheriff Refuses to Process “Heartless” Evictions
Dec 11, 2008 -
Mortgage REIT Insider: Agencies Ascending
Dec 07, 2008 -
Capital One to Buy Chevy Chase Bank for $520 Million
Dec 04, 2008 -
A Bleak Outlook: Nov. Job Loss, Economic Weakness
Dec 03, 2008 -
Report Finds Misrepresentation Behind Mortgage Fraud
Dec 02, 2008 -
Viewpoint: Add Rubin to the Who-Knew-Crew
Dec 01, 2008 -
JPMorgan Cutting 9,200 WaMu Jobs
Dec 01, 2008 -
It’s Official: U.S. Recession is Now One-Year Old
Dec 01, 2008
