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Subprime Mortgages

Fortress Investment Group Fails To Knuckle Newcastle Preferreds

March 29, 2010

Newcastle Investment Corp., (NCT) a Mortgage REIT managed by Fortress Investment Group, will continue to contribute management fees to FIG’s income statement for at least another year. But whether NCT makes it out of 2010 is an another question. Newcastle is suffering from a host of balance sheet issues, including a portfolio full of CDOs […]

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The Next Wave of the Housing Crisis: Much More Pain in 2010, 2011

March 17, 2010
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In case you missed it, the Federal Reserve just threw some gasoline on the housing inferno. This month, the Fed confirmed that it will no longer make open market purchases of mortgage backed securities after March 31st, and underwater homeowners are going to miss that money. This particular Fed program was one of a number […]

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