WMC News and Press, Western Asset Mortgage Capital Corporation From 03/30/20

Tom Barrack, chairman and CEO of Colony Capital (NYSE: CLNY ), calls for a moratorium on margin calls made on mREITs and asks the Fed to step in and provide support for mortgage debt values. More news on: Colony Capital, Inc., Annaly Capital Management, Inc., AGNC Investment Corp., Financi...

This research report was produced by The REIT Forum with assistance from Big Dog Investments . That market is back to failing. We recently purchased Capstead Mortgage Trust ( CMO ) when the market decided to let them trade at a staggering discount: Source: The REIT Forum ...

Western Asset Mortgage Capital (NYSE: WMC ) announces that it has met its current margin calls despite unprecedented market conditions, severe illiquidity, volatility and disruption caused by COVID-19 pandemic. More news on: Western Asset Mortgage Capital Corporation, Financ...

PASADENA, Calif. , March 27, 2020 /PRNewswire/ -- In light of the recent extraordinary capital markets volatility driven by concerns surrounding the COVID-19 pandemic, Western Asset Mortgage Capital Corporation (the "Company") (NYSE: WMC) is providing the following update on its busine...

Mortgage REITs got hammered. The sector ETFs were thoroughly trashed. The damage all occurred since late February and a great deal was only within the last two weeks. They aren't dead yet. We see many of the mortgage REITs being underpriced as we believe the market reacted too harshly. Rec...

Keefe, Bruyette & Woods analysts expect the Fed's purchases of agency CMBS, starting today, to be "incrementally positive" for a small group of residential mortgage REITs that carry Agency CMBS. More news on: Annaly Capital Management, Inc., Chimera Investment Corporation, Invesco Mort...

This research report was produced by The REIT Forum with assistance from Big Dog Investments . With COVID-19 driving the market, we’re seeing a huge increase in fear. The fear impacts different investors in different ways. It's a very difficult time for all of us. As an...

Royal Bank of Canada (NYSE: RY ) appears to be among the more aggressive of the banks in making margin calls and re-claiming collateral from mortgage funds. Many other lenders are apparently trying to work with the funds to avoid fire-sale liquidations. More news on: Royal Bank of Canada...

AG Mortgage (NYSE: MITT ) is  down almost 40%  after warning that it's not going to be able to satisfy expected margin calls. It's in discussion with counterparites over forbearance agreements. More news on: AG Mortgage Investment Trust, Inc., Annaly Capital Management, Inc., A...

"The market for commercial real estate mortgage loans in the United States stands on the brink of collapse ," says Colony Capital (NYSE: CLNY ) Chairman Tom Barrack, with banks, mortgage REITs and other non-bank lenders now "at a precarious juncture." More news on: Colony Capital, Inc., A...