IMH Shows Significant Growth, But Still Posts Loss in 1Q

Impac Mortgage Holdings recorded a year-over-year expansion of its mortgage lending in the first quarter, but other costs produced a consolidated net loss of $4.8 million during the period. View full post on National Mortgage News

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U.S. CMBS REOs Top $11 Billion; One-Third of All Delinquencies

The volume of real estate-owned (REO) assets for lenders reached 11 billion for the first time and now represents one-third of all delinquencies outstanding, according to Fitch Ratings.

A closer look reveals stark differences in REO trends by state. For instance, in states where non-judicial (power-of-sale) foreclosure is allowed, the inventory of REO assets increased by 64% since the start of last year.

Conversely, the inventory in judicial… View full post on National Commercial Real Estate News From CoStar Group

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PREIT Increases Quarterly Dividend 6.7% for Common Shares and Declares Initial … – MarketWatch (press release)

PREIT Increases Quarterly Dividend 6.7% for Common Shares and Declares Initial
MarketWatch (press release)
PHILADELPHIA, May 16, 2012 (BUSINESS WIRE) — Pennsylvania Real Estate Investment Trust (NYSE:PEI) announced today that its Board of Trustees has declared a quarterly cash dividend of $0.16 per common share, which represents a 6.7% increase over the
PENNSYLVANIA R.E.I.T. : PREIT Increases Quarterly Dividend 6.7% for Common 4-traders

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View full post on pennsylvania real estate – Google News

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PREIT Increases Quarterly Dividend 6.7% for Common Shares and Declares Initial Dividend for New Preferred Shares

Pennsylvania Real Estate Investment Trust announced today that its Board of Trustees has declared a quarterly cash dividend of $0.16 per common share, which represents a 6.7% increase over the prior dividend amount. View full post on pennsylvania real estate – Yahoo! News Search Results

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Avison Young adds top-producing capital markets veterans to New York City office

Justin Piasecki joins Avison Young as a Principal as firm continues to deepen its bench of real estate professionals in Tri-State regionNEW YORK CITY, May 16, 2012 /PRNewswire/ – Arthur J. Mirante, II, … View full post on real estate – Yahoo! News Search Results

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