August 7, 2013 by apicomely
NorthStar Realty Finance Announces Pricing of Public Offering of Common Stock
Paulson took a big risk based on a strong belief that lending toward and consumption of housing had gone overboard, and the massive profits that confirmed his thesis told those with capital to steer it away from housing. The credit reoriented away from a moderating housing market was saved from near-certain destruction that would have subdued the very investment that tautologically authors job creation. Much the same, hedge funds commit capital on the long side too; Loebs investment in Sony one of many examples. Importantly for those with investable dollars, hedge funds take the leap so that others dont have to. Whether the Loebs of the world achieve major gains or major losses, either way their risk-taking provides precious signals to the next line of investors about where theyre most or least likely to get burned.
Obama to back mortgage finance reform to speed housing recovery
The Company has granted the underwriters a 30-day option to purchase up to 5.25 million additional shares of common stock. The offering is expected to close on August 9, 2013. Deutsche Bank Securities, UBS Investment Bank and J.P. Morgan are acting as the joint book-running managers of the offering and FBR and JMP Securities are acting as the co-managers of the offering. The Company intends to use the net proceeds of the offering to make investments relating to its business, to repurchase or pay its liabilities and for general corporate purposes.
Bridging Finance And Innovation To Advance A Green Revolution in Africa
To help bridge these sectors, in July The Rockefeller Foundation hosted a summit in Abuja, Nigeria, titled Realising the Potential of Africas Agriculture: Catalytic Innovations for Growth. The summit, one of our centennial convenings focused on forward-looking solutions to challenges that will define our second century of strategic philanthropy, brought together agriculture and finance ministers, along with other leaders, from more than 23 African nations, in an unprecedented conversation to identify concrete ways to strengthen African agricultural markets and value chains to benefit smallholder farmers. Over the course of the summit, participants identified a number of innovative solutions and financing models that can encourage increased lending to farmers. One such model, known as credit guarantees, was pioneered by The Rockefeller Foundation and has been taken to scale by Agra with promising results.
Obama would want the Senate measure to go farther in helping first-time home buyers and in making sure affordable rental housing is available, the official added. The Senate bill, though, remains at odds with the bill advancing in the Republican-controlled House of Representatives that would liquidate Fannie Mae and Freddie Mac over five years and limit government loan guarantees. RESTRUCTURING MORTGAGE SYSTEM TO TAKE YEARS Fannie Mae and Freddie Mac became dominant players in housing finance when private lending to home-buyers declined after the financial crisis. The government-backed companies own or guarantee more than half of all U.S. home loans and are critical to keeping capital flowing to lenders and borrowers.