Mortgages
Claros Mortgage Trust, Inc. (NYSE: CMTG) reported its financial results for the quarter ended March 31, 2025, demonstrating progress towards its objectives of enhancing liquidity, reducing leverage, and resolving its watchlist loans. The Company recorded a GAAP net loss of $78.6 million, or $0.56 per share, and Distributable
Elderly
Dwight Capital and its affiliate REIT, Dwight Mortgage Trust (DMT), have successfully closed $521 million in seniors housing financings during the first quarter of 2025, demonstrating the company's continued presence and dominance in the sector. This impressive figure includes significant bridge and HUD loans for skilled nursing facilities
Interest rates
Loan Against Property has emerged as an ideal funding solution for individuals and businesses seeking to unlock the potential of their property to address various financial needs. By securing a loan against their property, individuals can expand their business, finance home remodeling, or consolidate debts into a single manageable repayment.
Mortgages
Mortgage rates have leveled off as the markets await the release of the August jobs report, with Freddie Mac's Chief Economist, Sam Khater, pointing out that even though rates have decreased over the summer, home sales remain sluggish. However, refinance opportunities are becoming more attractive to homeowners who
Interest rates
As the economy continues to normalize, mortgage rates are expected to come down further, making it easier for homebuyers to get into a home affordably. Recent drops in 30-year mortgage rates below 6% for the first time since early 2023, according to Zillow data, are a result of cooling economic
Financial institutions
Granite Point Mortgage Trust Inc., a New York-based mortgage lender, announced that Blake Johnson will assume the role of Chief Financial Officer (CFO), effective December 1, 2024. Johnson will join the Company as Deputy CFO on or before October 28, 2024, before taking over as CFO. This appointment comes after
Interest rates
Mortgage rates have seen a downward trend in recent times, and experts predict they will continue to fall as inflation slows. The average 30-year mortgage rate remains below 6.5%, with Sam Khater, Freddie Mac's chief economist, stating that rates are more than half a percent lower than
Mortgages
Firm Capital Mortgage Investment Corporation (FC Mortgage) has announced its financial results for the six months ended June 30, 2024. The report highlights a 10.4% increase in the Investment Portfolio to $660.3 million as of June 30, 2024. Additionally, new investment funding for the six months ended June
Interest rates
Mortgage rates have dropped significantly in recent days, with 30-year fixed mortgage rates now sitting at 6.04%, according to Zillow data. This is a substantial decrease from a month ago, when the rate was 6.62%. As the Federal Reserve prepares to cut the federal funds rate, mortgage rates
Mortgages
AG Mortgage Investment Trust, Inc. (MITT) has released its financial results for the quarter ended June 30, 2024, showing a decline in book value per share. The company's residential mortgage REIT portfolio underwent significant changes during the second quarter. As of June 30, 2024, the book value per
Interest rates
Mortgage rates have dropped to their lowest point since January 2024, with 30-year rates averaging 6.28%. The Federal Reserve has indicated that a cut in the federal funds rate could be on the table at its September meeting, which is now a near certainty following a weaker-than-expected jobs report.
Mortgages
Firm Capital Mortgage Investment Corporation, through its mortgage banker Firm Capital Corporation, is pleased to announce that it has increased the size of its previously announced bought deal offering, aimed at raising $22,035,000. The offering, initiated to repay indebtedness and support general corporate purposes, will see the corporation
