Ellington Financial LLC (NYSE:EFC) reported that it has priced an underwritten public offering of 5M common shares on behalf of limited liability firm interests for total anticipated gross proceeds of around $131.5M. The firm has decided the underwriters an option for 30 days to buy about an extra 750,000 common shares.  The contribution is subject to usual closing conditions and is predicted to close... 

United States real estate sector expected to expand in the near future as the Bank of America Corp (NYSE:BAC) predicted an 8 % growth for 2013 while JPMorgan Chase & Co. (NYSE:JPM) estimated the sector to gain 7 % this week. The bank’s estimates for 2015 tell a growth rate of 14 % while the previous estimates showed the sector to expand by 4.7 %. The expected growth in the sector is being driven... 

Amidst the growth in the value of US housing recovery investments JPMorgan Chase & Co. (NYSE:JPM) has decided to give its affluent clients a chance to invest in the single family rental market. Company says there would be strong returns as much as 8 % annually from the money when a home will be sold and also from rental income. In a partnership the firm puts its clients’ money by buying more... 

The economic recovery is now being fueled up by government policies along with Federal Reserve. This is a good development for the renowned lenders in the United States since their mortgage revenues are exceeding the costs of foreclosures and faulty home loans. A group of renowned US lenders reported home lending revenue of 24.4 billion US dollars in last year. The banks include US Bancorp, Bank of... 

Most recently a mortgage settlement has been reached by regulators with nearly 10 US banks for 8.5 billion US dollars. The agreement appeared on Monday by the nation’s worthwhile lenders since the financial crisis. The US banks settled to cough up about 19 billion US dollars to resolve federal allegations of mortgage misdeeds. Bank of America Corp (NYSE:BAC) agreed to pay nearly 10.4 billion US dollars... 

In 2012 the housing debt rallied more than 41 % and currently the world’s major bond managers are betting on this rally. The debt is also expected to beat related fix income investments in the current year in the wake of strengthening the real estate sector in the US. Major investment companies are speculating significant gains in the mortgage bonds even without the support of federal government.... 

The supervisory body of U.S. managed by the Office of the Comptroller of the Currency will swap a mainly unproductive effort to discover victims of failed foreclosures at the fourteen largest mortgage servicers with smooth penalties, according to five people briefed talks. According to the report, among the servicers might create concessions approximately $10 Billion, services providers included JPMorgan... 

KB Home (NYSE:KBH) ‘s shares plunged about 2% in pre-market trading  after it announced a worse fourth-quarter profit, sparkly a gain from financial services business in the earlier year. The homebuilder firm generated revenue 20%, driven by a boost in number of homes delivered and a upbeat average selling price. The firm reported that it was help by improved housing market conditions and upbeat... 

Internal government documents have shed light on the manipulation of the global interest rate referred to as the Libor in a scandal ensnaring several large banks is now believed to have caused a USD $3 billion to mortgage finance giants Fannie Mae and Freddie Mac. US, UK and Swiss authorities have alleged a vast conspiracy led by UBS to rig interest rates tied to trillions of dollars in loans and other... 

Banks started increasing their lending rates today, snapping three-days falling streak. Citibank, JPMorgan Chase, KeyBank (NYSE:KEY), and PNC Financial Services (NYSE:PNC) lifted their conventional loan rates while BofA reduced them. The average interest rate on 30-year fixed-rate mortgages grew three basis points to 3.396 percent. The gap between the 10-year bond yield and the 30-year loan rate advanced...