Marcia L. Fudge was officially sworn in as the eighteenth Secretary of Housing and Urban Development.
Secretary Fudge took the oath the evening of March 10 after the Senate voted to confirm her. As Secretary of Housing and Urban Development, Fudge now leads a federal department with wide reach throughout the United States, including the Offices of Housing, Community Planning and Development, Federal Housing Administration, Public and Indian Housing, Fair Housing and Equal Opportunity, Policy Development and Research, Field Policy and Management, Government National Mortgage Association (Ginnie Mae), Lead Hazard Control and Healthy Homes, and Faith-Based and Neighborhood Partnerships.
The multifamily industry responds:
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Bimini Capital Management, Inc. (OTCBB:BMNM), (“Bimini Capital,” “Bimini,” or the “Company”) today announced results of operations for the three month period ended December 31, 2020.
Fourth Quarter 2020 Highlights
Income tax benefit of $10.7 million, or $0.92 per common share
Book value per share of $2.97
Company to discuss results on Friday, March 12, 2021, at 10:00 AM ET
Management Commentary
Commenting on the fourth quarter results, Robert E. Cauley, Chairman and Chief Executive Officer, said, “As we sit here today, it is very sobering when we reflect on how much has transpired between March of 2020 and March of 2021. The month that seemed like it would never end finally did, and there were many dark days in between, but we clearly seem to be emerging from this dark episode that none of us will ever forget. The immediate impact of the turmoil in the financial markets last March was
Inman Connect
Marcia L. Fudge was sworn in as the 18th Secretary of Housing and Urban Development (HUD) on Wednesday after the U.S. Senate confirmed her on a bipartisan 66-34 vote.
Fudge has represented northeastern Ohio’s 11th congressional district in the U.S. House of Representatives since 2008. Before that she had been the mayor of Warrensville Heights, Ohio, since 2000.
She is the second Black woman to serve as HUD secretary and the first in more than 40 years. The first was Patricia Roberts Harris, who was appointed under President Jimmy Carter in 1977.
Fudge is taking on the job as the nation struggles with a housing crisis. The pandemic has resulted in billions of dollars in back rent, an uncertain future for tenants and landlords and housing supply is so low that lawmakers and economists are worried that the resulting home price increases will “choke off” buyers.
VERO BEACH, Fla. (BUSINESS WIRE) Bimini Capital Management, Inc. (OTCBB:BMNM) ("Bimini” or the "Company"), today announced that it will release results for the fourth quarter of 2020 following the close of trading on the New York Stock Exchange on Thursday, March 11, 2021. Earnings Conference Call Details An earnings conference call and live audio webcast will
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Ocwen Financial Announces Pricing of $400 Million of Senior Secured Notes Due 2026 by PHH .
Ocwen Financial Corp.February 26, 2021 GMT
WEST PALM BEACH, Fla., Feb. 26, 2021 (GLOBE NEWSWIRE) Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that its subsidiary PHH Mortgage Corporation (“PMC”) priced $400 million aggregate principal amount of 7.875% Senior Secured Notes due 2026 (the “Notes”) at a price to investors of 99.486% of the principal amount thereof. The Notes will be guaranteed on a senior secured basis by the Company and PHH Corporation, the parent company of PMC and subsidiary of the Company (“PHH”).