|
|
|
|
Complete list of specialty news sections.
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.
Reach mortgage executives, loan originators and other people tied to mortgage industry.
Free mortgage news for prospective borrowers.
Free e-mail newsletter with the latest headlines from MortgageDaily.com.
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.
Archive of MortgageDaily.com stories by month going back to 1999.
Reports and announcements from MortgageDaily.com.
Data and statistics for real estate finance.
Directories of lenders, branch operators and mortgage service providers.
Directories of lenders, branch operators and mortgage service providers.
|
|
|
|
Corporate Mortgage News M e r g e r s, a c q u i s i t i o n s and private and public offerings. Other corporate activity including executive appointments, bankruptcies name changes.
|
Mortgage REIT Cancels IPO
Bayview unit discloses plans
Sept. 11, 2013
By Mortgage Daily staff
|
A real estate investment trust that invests in residential and commercial mortgage-backed securities is abandoning plans to issue an initial public offering.
Bayview Mortgage Capital Inc. originally filed a registration statement with the Securities and Exchange Commission in July 2009 indicating plans to issue common stock.
The Coral Gables, Fla.-based company said it planned to acquire and manage RMBS and CMBS at a discount then maximize returns in a variety of market conditions and economic cycles.
"We will then seek to maximize the value of these assets through the analytical and portfolio management expertise as well as the servicing and special servicing capabilities of our manager and its affiliates," the earlier statement said. "We believe that the infrastructure needed to purchase whole loans requires experienced and specialized sourcing, underwriting and special servicing capabilities."
But the REIT's IPO plans have been scuttled.
In an SEC filing Tuesday, Bayview asked the SEC to consent to a withdrawal if its offering.
"The registration statement was filed in connection with the proposed initial public offering by the company of its common stock, which the company has determined not to pursue at this time," yesterday's filing stated. "The company hereby confirms that it has not sold any securities pursuant to the registration statement."
Bayview requested that all fees paid to the SEC for the registration statement be credited for future use.
Parent Bayview Asset Management says it employs more than 1,300 people, including a thousand servicing employees.
It reports that is has acquired more than $24 billion in loans from 2,500 counterparties, while it has closed 75 securitizations for more than $29 billion. |
Bayview Mortgage news
next story
back to current headlines
|
|
Mortgage Backed Securities | MBS News | MBS Statistics
News about commercial and residential mortgage-backed securities. Stories about ratings actions and changes to servicer ratings. Studies and reports about the performance of securitizations and problem vintages and classes. Subprime, Alt-A, home equity and j u m b o analysis.
|
Financial Regulation News | Mortgage Regulations
Bank and mortgage regulators, regulations and regulatory actions. Coverage of regulatory legislation and testimony.
|
|
|