Newcastle Investment Corporation Public Offering Announced

Newcastle Investment Corp. (NYSE: NCT) has just announced plans for an upcoming public offering of 20,000,000 shares of their common stock. In connection with the offering, the Company intends to grant the underwriters an option for 30 days to purchase up to According to the news, underwriters will also be afforded a 30 day period for buying an additional 3,000,000 shares.

Big Investment Companies Buying Up Atlanta Foreclosures One At A Time

FHFA announced earlier this month that the planned bulk sale of Fannie Mae REO’s in Atlanta, Georgia has not produced a winning bidder. But this does not mean that Atlanta’s huge stock of foreclosures are not selling.

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