Homebuyers saw home prices exceeding 10% or more across South Florida during the first year of the COVID-19 pandemic, as interest rates hit new lows and the numbers of houses for sale sharply dropped off. The monthslong, rock-bottom interest rates coupled with the heavy demand for homes all fueled the push, experts say. And there doesn’t seem to be an end in sight, even though South Florida .
WEST PALM BEACH, Fla., Feb. 24, 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”) plans to offer, subject to market and other conditions, $400 million aggregate principal amount of Senior Secured Notes due 2026 (the “Notes”). The Notes will be guaranteed on a senior secured basis by the Company and PHH Corporation (“PHH”), the parent company of PMC and subsidiary of the Company. The net proceeds from the offering will be used, together with the net proceeds from the Company’s previously announced private placement of $199.5 million aggregate principal amount of senior secured second lien notes to funds managed by Oaktree Capital Management, L.P., to repay in full $498 million of indebtedness of Ocwen, including PMC’s Senior Secured Term Loan,
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INDIANAPOLIS, Feb. 17, 2021 /PRNewswire/ The board of directors of Eli Lilly and Company (NYSE: LLY) has elected Kimberly H. Johnson as a new member, effective February 16, 2021. As a member of Lilly s board, she will serve on both the Compensation Committee and the Ethics and Compliance Committee.
Ms. Johnson currently serves as executive vice president and chief operating officer of the Federal National Mortgage Association ( Fannie Mae ) and is a member of Fannie Mae s Management Committee. Prior to serving as executive vice president and chief operating officer, Ms. Johnson held various leadership positions with Fannie Mae, including chief risk officer. Before joining Fannie Mae in 2006, Ms. Johnson was a director at Credit Suisse Group AG.
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MCLEAN, Va., Feb. 16, 2021 /PRNewswire/ Arlington Asset Investment Corp. (NYSE: AAIC) (the Company or Arlington ) today reported net income available to common shareholders of $10.7 million, or $0.32 per diluted common share, and non-GAAP core operating income of $4.1 million, or $0.12 per diluted common share, for the quarter ended December 31, 2020. A reconciliation of non-GAAP core operating income to GAAP net income appears at the end of this press release.
Fourth Quarter 2020 Financial Highlights
$0.32 per diluted common share of GAAP net income
$0.12 per diluted common share of non-GAAP core operating income
$6.31 per common share of book value
7% economic return