REIT With Ties to Freedom Mortgage Files Updated Initial Public Offering
July 2, 2013
Cherry Hill Mortgage Investment Corp., a real estate investment trust launched by Freedom Mortgage, recently filed updated documents tied to its initial public offering, but remains quiet on when it might actually go public. Like many REITs, the new company is setting its sights on the mortgage servicing market, in particular “excess servicing” rights that will be created by Freedom, which is based in Cherry Hill, NJ. The company did not return calls from Inside Mortgage Finance about the offering. There has been...
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
News Tailored to Your Needs
Get Focused Coverage
Inside Mortgage Finance's newsletters break the mortgage market down so you get the news and data you need most, whether it's total industry coverage or just the news related to securitization, regulation, profits or other specific topics.