| Deutsche Bank Among Firms Giving U.S. Plans for Renting Foreclosed Homes and Fannie Mae to Redeem 1.27% Notes Due 2015 |
| News - Financial News |
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A foreclosure signs hangs outside a home for sale in Phoenix. Photographer: Joshua Lott/Bloomberg Fortress Investment Group LLC (FIG) and Deutsche Bank AG (DB), whose executives played roles in the housing bubble, are among the hundreds of firms that responded to a U.S. government request for proposals to rent out foreclosed homes. The Federal Housing Finance Agency asked for ideas as Fannie Mae and Freddie Mac, the mortgage companies seized by the government in 2008, seek to reduce losses, stabilize neighborhoods and support housing values by turning into rentals a portion of the more than 180,000 repossessed homes in their inventory. The submissions were due by Sept. 15. Carrington Holding Co., Barclays Capital Inc., Neuberger Berman Group LLC, Ranieri Partners LLC and UBS AG (UBSN) also were among the financial and investment companies that responded to the FHFA, according to a list of 439 proposals. [Read the full article] Looking at the universe of stocks we cover at Dividend Channel, on 12/28/11, Dynex Capital, Inc. (NYSE: DX) will trade ex-dividend, for its quarterly dividend of $0.28, payable on 1/31/12. As a percentage of DX’s recent stock price of $9.62, this dividend works out to approximately 2.91%, so look for shares of Dynex Capital, Inc. to trade 2.91% lower " all else being equal " when DX shares open for trading on 12/28/11. Below is a dividend history chart for DX, showing historical dividends prior to the most recent $0.28 declared by Dynex Capital, Inc.: In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from DX is likely to continue, and whether the current estimated yield of 11.64% on annualized basis is a reasonable expectation of annual yield going forward. [Read the full article] A company’s own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money " maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ”top brass” over the trailing six month period, one of which was a total of $1.2M by John A. Thain, CEO at CIT Group, Inc. (NYSE: CIT). Click here to find out which other top insider buys by the ”top brass” you need to know about Thain’s average cost works out to $29.91/share. Shares of CIT Group, Inc. were changing hands at $35.10 at last check, trading down about 0.3% on Wednesday. [Read the full article] 
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