If you’re looking for positives in the residential REIT sector, take a peek at how their debt is trading these days — most north of 90 cents on the dollar. Credit belongs to lower interest rates.
CrossCountry Mortgage owner Ron Leonhardt wants his nonbank to be the largest lender in the land. One way to do that is to buy other shops — and it looks as though CCM has another target in its sights.
Finance of America is ready to unload the last remains of its MSR portfolio. But it comes at an interesting time: Rates continue to fall, thus impacting asset prices.
While interest rates have declined in recent weeks, concerns persist about the wide spread between the 10-year Treasury rate and interest rates on mortgages.