This edition is focused on lender updates and those who are making moves over the past 2 weeks.
Atrium Mortgage Investment Corp Sees Downturn in Stock Prices
Atrium Mortgage Investment Corporation experienced a downturn in its stock price this Thursday, as reported by The Globe and Mail. This shift in the stock market could signal various implications for investment strategies within the mortgage sector. For an in-depth look at the factors influencing this movement, read the full report here.
Firm Capital Mortgage Investment Releases Q4 2023 Report
Firm Capital Mortgage Investment Corp. has published its Q4 2023 report, outlining financial outcomes and strategic insights that are vital for stakeholders. The report, available on MarketScreener, details the operational highlights and financial metrics crucial for those managing mortgage portfolios. Access the detailed analysis here.
Builders Capital Mortgage Corp. Announces New Bond Offer
Yahoo Finance reports that Builders Capital Mortgage Corp. has announced a new bond offer aimed at funding short-term residential construction mortgages in Alberta and British Columbia. This move is significant for portfolio managers focusing on construction and development financing. More details can be found here.
Sterling Global Financial Enhances Partnership with iCapital
In a strategic move to improve fund management, Sterling Global Financial has transitioned the management of its mortgage income fund to iCapital Canada. This partnership, initiated in 2016, is aimed at bolstering the fund's performance and investor accessibility. Full details are available here.
TIG Acquires Stake in Canadian Credit Manager Romspen Investment Corporation
TIG Advisors has expanded its investment portfolio by acquiring a stake in Romspen Investment Corporation, a major player in the Canadian mortgage investment scene. This marks TIG's first significant venture into Canadian mortgage investments. Read more about this development here.