Blue Owl Capital, which has been ramping up activity in the mortgage sector, announced Monday it bought Sila Realty Trust in an all-cash transaction valued at about $2.4 billion. Processing Content Certain affiliates of Blue Owl will acquire all outstanding shares of common stock of the healthcare-focused real estate investment trust for $30.38 per share, […]
Blue Owl acquires Sila Realty Trust for $2.4 billion Read More »
In late June 2022, First Guaranty Mortgage Corporation laid off 428 of its 565 employees. The CEO delivered the news in a prerecorded Teams message that ran roughly 10 minutes. Borrowers with loans in process learned what happened the same way everyone else did: from news coverage. Processing Content Weeks earlier, the company had been
The mortgage industry’s crisis communications problem Read More »
For US homebuilders, the Iran war dashed what little optimism they had left for this earnings season. Processing Content Developers including D.R. Horton Inc., Lennar Corp. and KB Home all missed expectations last quarter and estimates suggest both sales and earnings have fallen further as conflict in the Middle East unsettled buyers and raised costs.
Homebuilders set for another ‘lost’ earnings season Read More »