Bofa Mortgage Morass Deepens After Employee Says Notes Not Sent

Navios Maritime Acquisition Corporation Announces Closing of Offering of $610 Million 8 1/8% First Priority Ship Mortgage Notes Due 2021





16 rejected a claim on the home of John T. Kemp, ruling his mortgage company, now owned by Bank of America, had failed to deliver the note to the trustee. That could leave the trustee with no standing to take the property, and raises the question of whether other foreclosures could similarly be blocked. Following the decision, the bank disavowed the statements by DeMartini, whom it had flown in from California to testify. For the original version including any supplementary images or video, visit http://www.bloomberg.com/news/2010-11-30/bofa-mortgage-morass-deepens-after-employee-says-trustee-didn-t-get-notes.html





Financial Stocks Give Back Early Advance; Blackstone Mortgage Slips 1% on Plans for Convertible-Note Offering





In company news, Blackstone Mortgage Trust ( BXMT ) is down nearly 1% at $24.93 a share after late yesterday announcing plans for a $150-million public offering of convertible senior notes due 2018. The company expects to use net proceeds from the offering to originate and purchase additional commercial mortgage loans and other targeted investments. In other sector news, (+) QIWI, Reports Q3 net income OF $18.7 mln on a 49% rise in revenue to $50.2 million, beating estimates looking for $40.55 mln in revenue. Raised growth forecast for FY13 revenue by 15% to a new range of $42% to 45%. For the original version including any supplementary images or video, visit http://www.nasdaq.com/article/financial-stocks-give-back-early-advance-blackstone-mortgage-slips-1-on-plans-for-convertiblenote-offering-cm303402









EST Navios Maritime Acquisition Corporation Announces Closing of Offering of $610 Million 8 1/8% First Priority Ship Mortgage Notes Due 2021 MONACO, Nov 14, 2013 (Marketwired via COMTEX) -- Navios Maritime Acquisition Corporation ("Navios Acquisition" or the "Company") /quotes/zigman/1516233/delayed/quotes/nls/nna NNA -2.30% announced today that the Company and Navios Acquisition Finance (US) Inc., its wholly owned finance subsidiary, completed the sale of $610 million of 8 1/8% first priority ship mortgage notes due 2021 (the "Notes"). The Notes were offered and sold in the United States only to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and in offshore transactions to non-United States persons in reliance on Regulation S under the Securities Act. The Notes are secured by first priority ship mortgages on 12 vessels aggregating approximately 2.6 million deadweight tons owned by certain subsidiary guarantors. For the original version including any supplementary images or video, visit http://www.marketwatch.com/story/navios-maritime-acquisition-corporation-announces-closing-of-offering-of-610-million-8-18-first-priority-ship-mortgage-notes-due-2021-2013-11-14