Vranos’s IPO Raises $101 Million to Buy Subprime Mortgage Bonds

Vranos’s IPO Raises $101 Million to Buy Subprime Mortgage Bonds
Ellington Financial LLC, the mortgage-backed bond fund run by Michael Vranos, raised $101 million in its second attempt at an initial public offering after four U.S. IPOs this week were postponed or delayed.
Read more on BusinessWeek

Bond refinancing to save Northampton $1.8 million in debt service payments

Bond refinancing to save Northampton $1.8 million in debt service payments
Northampton Township will take advantage of low interest rates to save $1.8 million in debt service through a refinancing of its 2001 bonds.
Read more on The Advance

Modesto realty owner charged with defrauding elderly homeowners, banks of $10 million

Modesto realty owner charged with defrauding elderly homeowners, banks of $10 million
FRESNO - The owner of Modesto Century 21-Apollo Realty and his roommate were indicted on suspicion of defrauding elderly property owners and banks of at least $10 million. Indictment  
Read more on News10 Sacramento

Cedar Shopping Centers to Purchase Five Primarily Supermarket-Anchored Properties for $92 Million

Cedar Shopping Centers to Purchase Five Primarily Supermarket-Anchored Properties for $92 Million
Cedar Shopping Centers, Inc. and RioCan Real Estate Investment Trust today announced that it has entered into a definitive agreement to acquire a portfolio of five primarily supermarket-anchored properties for approximately $92 million, exclusive of closing costs and adjustments. Â Four of the properties [...]

UK mortgage lending dives to £86 million

UK mortgage lending dives to £86 million
Mortgage lending in the UK dived sharply in July as activity in the housing market remained subdued, figures showed yesterday.
Read more on Times of Malta

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