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Covius to Acquire Title365 from Blend
Prnewswire· 2025-06-09 13:00
Core Viewpoint - Covius Services, LLC has signed a definitive agreement to acquire Title365 Holding Co., enhancing its title insurance and settlement services capabilities and technology platform integrations [1][2]. Group 1: Acquisition Details - The acquisition is subject to third-party consents and regulatory approvals, with an expected closing in the coming months [2]. - Title365 is licensed in 43 states and serves top-10 lenders, capital market participants, and home equity originators, offering a full range of mortgage origination services [3]. Group 2: Strategic Implications - The acquisition will expand Covius' presence in the origination title space and complement its strengths in loss mitigation and default title services [5]. - Covius aims to deliver a comprehensive range of tech-enabled products and services across origination, servicing, and capital market sectors [5]. - Title365 will continue to partner with Blend to provide integrated title and closing services for Blend customers, ensuring seamless service delivery [4]. Group 3: Company Background - Covius is recognized for its technology-enabled solutions that enhance operational efficiencies and mitigate risks in the financial services industry [6]. - Blend Labs Inc. is a leading digital origination platform that powered $1.2 trillion in loan applications in 2024, focusing on streamlining workflows for financial institutions [7].
How To Lock In Yields Up To 17.1% In Historically Cheap Small Caps
Forbes· 2025-06-08 14:05
Core Viewpoint - Small-cap stocks are currently undervalued, presenting potential investment opportunities, especially those offering high dividend yields ranging from 8.3% to 17.1% [2] Group 1: Small-Cap Stocks Overview - The valuation gap between the S&P 500 and S&P 600 is at its widest since the late 1990s, suggesting small-cap stocks are significantly cheaper [2] - The article discusses five small-cap stocks with attractive dividend yields, indicating a potential for high returns despite their current low valuations [2] Group 2: Playtika Holding (PLTK) - Playtika, a mobile game developer, has a dividend yield exceeding 8% but has not raised its payout recently, indicating a decline in earnings and sales [4][5] - Analysts project a 32% increase in profits for 2024, despite the company's struggles in the competitive mobile gaming market [6] - Playtika's valuation is low at 6 times forward earnings, but there are concerns about its growth prospects [7] Group 3: Carlyle Secured Lending (CGBD) - CGBD is a business development company focused on U.S. middle-market companies, primarily investing in first-lien debt [8][9] - Recent earnings reports have shown disappointing results, with an increase in non-accrual loans and a stagnant base dividend of 40 cents per share [10][11] - CGBD shares are trading at a 16% discount to net asset value, but operational challenges raise concerns about future dividend sustainability [12] Group 4: Bain Capital Specialty Finance (BCSF) - BCSF provides financing solutions to a diverse range of companies, with a significant portion of its investments in first-lien debt [13][14] - The company has maintained its regular dividend but has introduced special dividends, raising concerns about future dividend coverage due to declining net investment income projections [16][17] - Analysts expect BCSF's dividend ratios to be high, leaving little room for error in case of operational difficulties [17] Group 5: Two Harbors Investment Corp. (TWO) - TWO operates in the mortgage REIT sector, focusing on mortgage servicing rights and agency residential mortgage-backed securities [19][22] - The company has faced significant share price declines, resulting in a high yield of over 17%, but recent litigation charges could impact its book value and dividend sustainability [24][25] - TWO's current dividend rate of 45 cents per share is at risk due to the potential impact of litigation on earnings available for distribution [25] Group 6: Franklin BSP Realty Trust (FBRT) - FBRT is a mortgage REIT focused on commercial mortgage-backed securities, with a significant portion of its portfolio in multifamily properties [26][27] - The company is trading at a 28% discount to book value, with a low P/E ratio based on 2026 earnings estimates, indicating potential value [28] - Concerns exist regarding the stability of its dividend, as the payout has not changed since 2021, and market conditions could necessitate a review of the dividend policy [29][30]
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Rocket Companies, Inc. of Class Action Lawsuit and Upcoming Deadlines - RKT
GlobeNewswire News Room· 2025-06-06 15:03
NEW YORK, June 06, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit is pending against Rocket Companies, Inc. (“Rocket Companies” or the “Company”) (NYSE: RKT). Investors in Rocket Companies securities are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. The class action concerns whet ...
Atrium Mortgage Investment Corporation Announces June 2025 Dividend
Newsfile· 2025-06-05 20:30
Core Points - Atrium Mortgage Investment Corporation has declared a monthly dividend of $0.0775 per common share for June 2025, payable on July 11, 2025, to shareholders of record on June 30, 2025 [1] - The company currently pays monthly dividends at an annual rate of $0.93 per share, with a potential special dividend at year-end if declared dividends are less than taxable income for the fiscal year [2] - Atrium offers a Dividend Reinvestment Plan (DRIP) allowing shareholders to reinvest dividends in new shares at a 2% discount from market price, facilitating compound growth of their investment [3] Company Overview - Atrium is recognized as Canada's Premier Non-Bank Lender™, providing residential and commercial mortgages in major urban centers in Canada, focusing on stability and liquidity in real estate [4] - As a Mortgage Investment Corporation (MIC) under the Canada Income Tax Act, Atrium is not taxed on income as long as taxable income is distributed to shareholders as dividends within 90 days after year-end [5]
Mortgage Rates Move Down
Globenewswire· 2025-06-05 16:00
Core Insights - The average 30-year fixed-rate mortgage (FRM) decreased to 6.85% as of June 5, 2025, down from 6.89% the previous week and 6.99% a year ago, indicating a positive trend for potential homebuyers [1][5] - The 15-year FRM also saw a decline, averaging 5.99%, down from 6.03% last week and 6.29% a year ago, reflecting a broader easing in mortgage rates [5] Group 1: Mortgage Rate Trends - The 30-year FRM averaged 6.85% as of June 5, 2025, a decrease from the previous week [5] - The 15-year FRM averaged 5.99%, showing a similar downward trend [5] - Year-over-year comparisons indicate that both the 30-year and 15-year FRMs have decreased from 6.99% and 6.29%, respectively [5] Group 2: Market Context - The decrease in mortgage rates is seen as beneficial for potential homebuyers, coinciding with improvements in inventory and a slowdown in house price growth [1] - Freddie Mac's mission emphasizes promoting liquidity, stability, and affordability in the housing market across economic cycles [3]
Intercontinental Exchange (ICE) Conference Transcript
2025-06-05 15:30
Intercontinental Exchange (ICE) Conference June 05, 2025 10:30 AM ET Speaker0 My name is Patrick Moley. I cover the exchanges, online brokers and trading companies here at Piper Sandler. It's my pleasure to welcome our next guest, Lynn Martin of Intercontinental Exchange. Lynn has been President of NYSE since 2022. She also serves as Chair of Fixed Income and Data Services business. Lynn, thank you so much for joining us. Speaker1 Thanks for having me. Speaker0 So it's been a volatile first start to the yea ...
Sachem Capital Corp. Announces Common and Preferred Dividends
Globenewswire· 2025-06-05 11:00
Company Overview - Sachem Capital Corp. is a mortgage REIT that specializes in originating, underwriting, funding, servicing, and managing a portfolio of loans secured by first mortgages on real property [3] - The company offers short-term secured, nonbanking loans to real estate investors for property acquisition, renovation, development, rehabilitation, or improvement [3] - The primary underwriting criteria of the company is a conservative loan-to-value ratio, with properties typically classified as residential or commercial real estate [3] Dividend Announcements - The Board of Directors declared a quarterly dividend of $0.05 per common share, payable on June 30, 2025, to shareholders of record as of June 16, 2025 [1] - Additionally, a quarterly dividend of $0.484375 per share was declared for holders of the 7.75% Series A Cumulative Redeemable Preferred Stock, payable on June 30, 2025, to shareholders of record as of June 15, 2025 [2]
The Gross Law Firm Notifies Shareholders of Rocket Companies, Inc.(RKT) of a Class Action Lawsuit and an Upcoming Deadline
Prnewswire· 2025-06-05 09:45
CLASS PERIOD: March 29, 2021 to April 1, 2021 NEW YORK, June 5, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Rocket Companies, Inc. (NYSE: RKT). Shareholders who purchased shares of RKT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/rocket-companies-inc-loss-submission-f ...
Seven Hills Realty Trust (SEVN) 2025 Conference Transcript
2025-06-04 15:15
Seven Hills Realty Trust (SEVN) 2025 Conference June 04, 2025 10:15 AM ET Speaker0 Alright. I'm getting the the ghost signal here, so why don't we get started? So good morning, everyone. Thank you for joining our fireside chat today featuring Seven Hills Realty Trust. My name is Chris Moeller. I'm an analyst at Citizens Capital Markets where I focus on commercial mortgage REITs. We are pleased to cover Seven Hills as well as 22 other names that comprise the 24 company, public company commercial mortgage REI ...
Real Matters Appoints Mortgage Market Industry Veteran John Walsh to its Board of Directors
Globenewswire· 2025-06-04 12:30
Core Viewpoint - Real Matters Inc. has appointed John Walsh to its Board of Directors, enhancing its leadership with his extensive experience in the mortgage and financial services industries [1][2]. Company Overview - Real Matters is a leading network management services provider for the mortgage lending and insurance industries, utilizing proprietary technology and a network of independent professionals to create an efficient marketplace [4]. - The company serves top 100 mortgage lenders in the U.S. and major banks and insurance companies in Canada, specializing in residential real estate appraisals and title and mortgage closing services [4]. Board Appointment Details - John Walsh's appointment is effective June 4, 2025, and he will serve on the Compensation, Nomination, Governance, and Sustainability Committee [1]. - Following this appointment, the Board will consist of seven directors, with six being independent [1]. John Walsh's Background - John Walsh brings over four decades of experience in the mortgage, real estate, and financial services sectors, having held leadership roles in technology and data firms [2]. - He was previously the CEO of LERETA LLC and DataQuick, and has held senior management positions at various mortgage companies and banks [2][3]. - Walsh holds an MBA from Harvard Business School and a Bachelor of Science from California Lutheran College, and has received the PROGRESS in Lending Association Lending Luminary Award™ [3].