REITs Aren’t Dead

first_img Previous: Tracking Default Rates Next: The Most Important Item in Your Digital Toolkit  Print This Post Demand Propels Home Prices Upward 2 days ago Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago Mortgage Real Estate Investment Trusts (REIT) prices have seen a dramatic decline, opening up a good investment opportunity according to Seeking Alpha. REITs are not dead, as some may suggest.“Book value per share should be down for every mortgage REIT so far in the quarter,” Seeking Alpha says. “The main difference will be the magnitude of the decline. This is where different analysts and investors may come to dramatically different numbers.”Seeking Alpha continues, stating that the current disparity between share prices and estimated book values is historic.“We simply do not witness this kind of discount in any regular market. We have seen mortgage REITs that go bankrupt. We predicted a mortgage REIT bankruptcy a couple of years ago.”As the role of non-bank lenders has shifted in the past few years, regulators are considered allowing further growth for these mortgage institutions and REIT, Wall Street Journal reports.“It’s time to make the system reflect the market that it serves,” said Pete Mills, SVP of residential policy at the Mortgage Bankers Association on WSJ.While some have questioned if nonbanks like REITs should have access to taxpayer-subsidized funding, according to John von Seggern, President of the Council of Federal Home Loan Banks, having big clients gives the system the financial clout it needs to support smaller banks.“We have access to world-wide markets because the big banks give us a lot of volume,” he told WSJ. “We’re able to then take that favorable funding that we get and we’re able to lend it to all of our members, big and small, at the same rate.”Some suggest that REITs make up an optimal backbone for the mortgage market, leveraging less risk than before the financial crisis and able to quickly raise and deploy money when they see an opportunity. Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago March 19, 2020 1,950 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Related Articles Home / Daily Dose / REITs Aren’t Deadcenter_img Tagged with: Investment REIT Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Investment, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago REITs Aren’t Dead Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Investment REIT 2020-03-19 Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago Subscribelast_img read more

Franklin County woman dies in flood waters

first_imgClarksburg, In. — The wife of a Franklin County pastor has died after her car was swept into flood waters New Year’s Day.Carol Jackson, 63, of Clarksburg, was swept into a swollen Pipe Creek around 6:30 p.m. New Year’s Eve. Her husband, Jerran Jackson pastor of the Clarksburg Christain Church contacted 911 for help. Rescuers found her car around 9 a.m. Tuesday and recovered her body around 3:30 p.m. near Walnut Fork and Pipe Creek Roads.Indiana Conservation Officer safety divers, Franklin County Sheriff’s Department, Indiana State Police Aviation, Brookville Volunteer Fire Department, Oldenburg Fire Department and Auxiliary, Clarksburg Volunteer Fire Department, Laurel Volunteer Fire Department, Laurel Police Department, Batesville Fire and Ambulance, Rescue 24, Hamilton County Ohio District 8, and more than 150 volunteers assisted.The family has established a GoFundme account here.last_img read more

Essien scores in Real rout of Zaragoza

first_imgGhana’s Michael Essien scored his first Real Madrid goal as the Los Blancos hammered Real Zaragoza 4-0 in Bernabeu.In a swift counter attack, Essien latched onto a delicate chip by Karim Benzema and whipped it low to beat the oncoming Zaragoza keeper Adan for Madrid’s third goal late in the game.The Ghanaian lasted the entire duration of the game with a fairly good performance.Madrid took the lead in the first half through a rebound from Gonzalo Higuan.His fellow Argentine Di Maria increased the tally with yet another rebound in the first half.Helder Postiga scored what appeared to be a legitimate but was ruled offside early in the second half. With less than two minutes left to play, Real rattled in two quick goals with Essien and Modric taking the credit.last_img