Headline News: Mortgage REITs

• New York Mortgage Trust 2010 Second Quarter Conference Call Scheduled for Wednesday, August 4, 2010
  NEW YORK -- New York Mortgage Trust, Inc. is scheduled to report financial results for the three and six months ended June 30, 2010 after the close of market on August 3, 2010. New York Mortgage Trust's executive management will host a conference call and audio webcast at 9:00 a.m., Eastern Time, on Wednesday, August 4, 2010.
  
• Parkway Properties Purchases Note for $33 Million
  PARKWAY PROPERTIES, INC. announced today the purchase of a first mortgage note secured by three properties owned by RubiconPark I, LLC from Special Servicer JE Robert for $35.0 million. Â Rubicon US REIT owns an 80% interest in RubiconPark I, LLC, and Parkway Properties, LP owns the remaining 20% interest.
  
• KBS Acquires 300 N LaSalle for $655 Million
  In Chicago's largest commercial real estate transaction this year, KBS REIT II has acquired 300 N LaSalle St. for $655 million, or $503 per square foot, according to an SEC filing. KBS primarily financed the purchase with proceeds from a five-year...
  
• Starwood Property Trust CFO Anderson resigns
  Real estate investment trust Starwood Property Trust said its chief financial officer, Barbara Anderson, has resigned.
  
• Pros' Favorite Mortgage REITs Yield 6.5% Or More
  Mortgage REITs offer some of the highest yields on Wall Street.
  
• Puts In Play At Children's Place
  Retailer tumbles on bearish options move.
  
• Weyerhaeuser Says U.S. Housing Recovery ’Uncertain’
  Weyerhaeuser Co., a home builder and the second-largest owner of U.S. timberlands, said the timing of a recovery in demand for new single-family housing remains “uncertain.”
  
• Finance and Banking
  On October 31, 2008, the Brazilian Securities Exchange Commission ("CVM") issued Rule No. 472 ("ICVM 472") which introduced significant changes in the regulation of Real Estate Investment Funds ("FII", similar to the US REIT – Real Estate Investment Trust) by updating and modernizing the rules applicable to the FII, in line with CVM Rule No. 409, dated August 18, 2004 ("ICVM 409"), and CVM Rule ...
  
• Cohen Sells $6.8 Billion of CDO Rights to Fortress
  Cohen & Co., the Philadelphia firm that built itself into the second-largest manager of collateralized debt obligations, is selling its contracts to oversee CDOs backed by bank capital notes.
  
• Housing market still a worry as Weyerhaeuser posts profit
  Weyerhaeuser Co., a homebuilder and the second-largest owner of U.S. timberlands, said the timing of a recovery in demand for new ...