Category Archives: Finances

Why Fortress Investment Group is Surging

Fortress Investment Group is an investment manager with more than $70 billion in real estate assets. The organization has over 1,600 major investor clients and offices in New York, Philadelphia, Los Angeles, Singapore, Italy, and Hong Kong. Founded in 1998, the firm went public in 2007. In 2014, Fortress sold its stake in the Stuyvesant Town Peter Cooper Village apartment complex for $5.3 billion. The company acquired CWCapital in 2010 in order to move deeper into commercial real estate. Today, Fortress Investment Group’s holdings include the Inverness Corners retail center in Alabama.Today, shares in Fortress are surging. This has been somewhat of a surprise since the hard hit the company took during the economic calamity of 2008. Nevertheless, the company is reasserting itself as a major contender. Here’s why. Fortress Investment Group shares are trading higher by roughly 29%.The spike happened after the company announced that is is to be acquired by the Japanese conglomerate, SoftBank.

Shareholders can expect to collect $8.08 per share, a 39% premium to the closing price- and they may receive two more quarterly dividends prior to closing, bringing the total to $8.26 per share.Fortress executives are committed to staying with the company, having signed a five-year contract and plan to invest 50% of their after-tax proceeds into investment products managed by Fortress.Fortress Investment Group went public in 2007 at $18.50 per share, doubling to trade at $35 at market open. Their IPO benefited from fortuitous timing, capitalizing on the market enthusiasm for anything related to finance. With 34.99% ownership among the company’s top execs, Fortress’ leadership are confident that the deal will receive sufficient support from shareholders. At $7.98 per share, the company trades at a 1.2% discount. Including two dividends, the discount widens to 3.4%.According to the DividendRank formula, Fortress Investment Group currently has an excellent rank well within the top 25% of competing firms. This suggests that it is among the top most attractive investment business models.

Making Fortress Investment Group even more interesting is the fact that shares of FIG entered oversold territory, exchanging at rates as low as $5.13 per share.The RSI reading has hit 28.9 — comparatively, the universe of dividend stocks as reported on by Dividend Channel has an average RSI of 48.6. All else being equal, falling stock price creates better opportunities for dividend investors to obtain a higher yield. FIG’s recent annualized dividend works out to annual yields of 6.11% based on the $5.24 share price. Bullish investors might look at FIG’s RSI readings as a strong sign that the heavy selling they’ve enjoyed is in the process of coming to an encouraging conclusion, and that they will begin to look for entry points on the buy-in side. Among the cardinal data points that dividend investors should investigate in order to decide whether or not they are bullish on FIG is its unique dividend history. Dividends are not generally always predictive; but, looking at Fortress Investment Group’s encouraging recent history might help to convince investors that the recent dividend has a promising future.

Nation Title Clearing Inc. Addressing Title Defects

Nationwide Title Clearing, Inc. has made property reports readily available with online ordering, which has been an issue for some time now. People in the real estate industry have had concerns regarding title defects. Some think that the matter causes wrongful foreclosures and other people believe that the issue contributes to stagnation of what would have been a smooth transition of property within the secondary market. Executives of the Nationwide Title Clearing, Inc. (NTC) property records reduce the risk of buyback or inability to foreclosure, and they hold the key to making sure there is a clear title conveyance.

NTC is a leading research and document-processing provider for financial industry and mortgage. NTC recently launched an updated website that makes property reports available online in a bid to ensure that the process of securing property reports becomes simple. Title defects occur when an entity or individual lays claim to an asset that is owned by someone else. However, other factors can cause title defects, and the factors include:
• Failure to follow filing and recording procedures when recording real estate documents
• Simple issues that do not comply with real estate standards in an area with wording in the document
• Failure to remove liens and other encumbrances also cause title defects. Make sure that the title is free of encumbrances
• Failing to include the signature of a significant party like a spouse to the transaction

For these reasons, John Hillman, the chief executive officer of NTC advises that it is important to address title defects before selling or transferring property. NTC has provided the following property reports through online ordering in a bid to help the evolving mortgage industry:
• Tax status report
• Assignment verification report services
• Tax status report
• Current owner report

NTC has a goal to offer a fast, step-by-step and straightforward process of securing asset reports. John Hillman said that the company’s asset report services are based on research usually carried out from actual land records, and people can access the reports for any residential asset all over the nation. NTC gets data from several sources during its research process, mostly the counties. NTC has been able to successfully service most large lenders in the United States because the data they obtain includes automation couples with human verification.

About Nationwide Title Clearing
NTC offers post-closing services including final document tracking, lien release, document retrieval, property reports, imaging, and assignment services for the residential mortgage industry. The company was launched in 1991 with its headquarters located in Palm Harbor, FL. As at 2014, NTC had revenue of $30.6 million with a growth rate of 80% within a period of three years. NTC plans to open a new office in Dallas, Texas this month. The new office will also include a new data center.

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