Amid market crisis, some mortgage lenders go into hibernation and hope to survive Aug 23, 2007
Companies like Accredited Home Lenders Holding Inc. and Hanover Capital Mortgage Holdings Inc. are scaling back, hoarding cash and hoping to stay alive ... Another company laying low until the market improves is Hanover Capital Mortgage Holdings Inc., a small mortgage investment trust based in Edison, N.J.. (San Diego Union-Tribune -- Business)
Hanover mortgage REIT posts loss, no dividend Aug 22, 2007
NEW YORK Hanover Capital Mortgage Holdings Inc, a real estate investment trust that invests in mortgage securities, Tuesday posted a second-quarter loss and did not declare a dividend, citing continued uncertainties in the mortgage industry. The net loss for the Edison, New Jersey, company was $11. (San Diego Union-Tribune -- Business)
Hanover Capital Mortgage Holdings Announces Entry Into $81 Million One Year Repurchase Transaction With Ramius Capital Group Aug 11, 2007
EDISON, N.J., Aug. 10 /PRNewswire-FirstCall/ -- Hanover Capital Mortgage Holdings, Inc. (Amex: ) (the "Company" or "HCM") announced that on August 10, 2007 the Company entered into a repurchase transaction with RCG PB, Ltd, an affiliate of Ramius Capital Group, LLC ("Ramius"), with respect to its seasoned, prime first lien residential mortgage-backed securities ... John Burchett, President and Chief Executive Officer, stated, "We are extremely pleased that the Company has established this... (PR Newswire)
