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
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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”).
Quarterly Results
Earnings per share decreased 20.69% year over year to $0.23, which missed the estimate of $0.26.
Revenue of $23,882,000 up by 36.41% from the same period last year, which beat the estimate of $17,400,000.
Outlook
Revenue guidance hasn t been issued by the company for now.
Technicals
Company s 52-week low was at $1.53
Price action over last quarter: Up 8.67%
Company Overview
Orchid Island Capital Inc invests in residential mortgage-backed securities (RMBS) across the United States. The principal and interest payments of its RMBS are guaranteed by the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, or the Government National Mortgage Association, and are backed by single-family residential mortgage loans. The company s investment portfolio is divided into two categories namely traditional pass-through Agency RMBS; and structured Agency RMBS, such as collateralized mortgage obligations, interest only securities, inverse inter
ARMOUR Residential REIT, Inc. Announces March 2021 Dividend Rate Per Common Share
VERO BEACH, Florida, Feb. 17, 2021 (GLOBE NEWSWIRE) ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or the “Company”) today announced the March 2021 cash dividend for the Company’s Common Stock.
March 2021 Common Stock Dividend Information
Month
Certain Tax Matters
ARMOUR has elected to be taxed as a real estate investment trust (“REIT”) for U.S. Federal income tax purposes. In order to maintain this tax status, ARMOUR is required to timely distribute substantially all of its ordinary REIT taxable income. Dividends paid in excess of current tax earnings and profits for the year will generally not be taxable to common stockholders. Actual dividends are determined at the discretion of the Company’s board of directors, which may consider additional factors including the Company’s results of operations, cash flows, financial condition and capital requirements as well
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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