Credit Suisse Group AG sold securities tied to new U.S. home loans without government backing in its third deal of the type in 2012, as issuance accelerates after remaining all but frozen for four years.
Starwood Property Trust Inc. , the property investor founded by Barry Sternlicht , offered to buy CreXus Investment Corp. for about $254 million to create the largest U.S. commercial mortgage real estate investment trust.
Annaly Capital Management Inc. Chief Executive Officer Mike Farrell was paid $35 million last year, more than the CEOs of the six largest U.S. banks, from JPMorgan Chase & Co.’s Jamie Dimon to Goldman Sachs Group Inc.’s Lloyd Blankfein, and more than double their average compensation.
Real estate investment trusts that buy U.S. mortgage debt rose, erasing losses that had reached the steepest since December 2008 amid concern that their main source of financing could be roiled by European bank woes.
Real estate investment trusts that buy mortgage debt tumbled, adding to their biggest weekly loss in more than a year, on concern the markets that finance them will be roiled if the U.S. government defaults on its debt.