Hunt Companies Finance Trust Inc
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Financials : Mortgage Real Estate Investment Trusts (REITs) | Small Cap Value
Company profile

Hunt Companies Finance Trust, Inc., formerly Five Oaks Investment Corp., is a real estate specialty finance company. The Company is focused on investing in a portfolio of mortgage-backed securities (MBS), mortgage loans and other real estate related investments. It is engaged in various real estate businesses, including multifamily ownership, non-bank agency lending, loan servicing, property management, construction, development and military housing. It offers a suite of products, including floating-rate transitional loans, fixed rate commercial real estate loans, mezzanine and preferred financing. It also provides Fannie, Freddie and federal housing administration (FHA) loans for multifamily, student housing, seniors, healthcare and manufactured housing. The Company is externally managed by Hunt Investment Management, LLC.

Closing Price
$2.81
Day's Change
0.02 (0.72%)
Bid
--
Ask
--
B/A Size
--
Day's High
2.83
Day's Low
2.79
Volume
(Light)
Volume:
13,634

10-day average volume:
20,892
13,634

UPDATE: The U.S. behaved like a 'gangster' to 'rob' TikTok from China and Beijing has 'no reason' to approve the deal: Chinese media

5:29 am ET September 24, 2020 (MarketWatch)
Print

By Pierre Briançon

An agreement on the ownership of TikTok's U.S. operations approved by Washington last weekend is a "dirty and underhanded trick" based on "bullying and extortion," state-owned English language newspaper China Daily wrote in an editorial (http://www.chinadaily.com.cn/a/202009/23/WS5f6a2445a31024ad0ba7b1c9.html) on Wednesday. It went on to compare the U.S. administration to "a gangster forcing an unreasonable and unfair business deal on a legitimate company."

- The White House last weekend approved a deal that quickly showed the three signatory companies at odds over its interpretation. TikTok's Chinese owner, ByteDance, said it would own 80% of a new TikTok Global entity, while Oracle and Walmart, its U.S. future partners, insisted instead that they will control the company.

- Global Times, an English language version of the Communist Party newspaper People's Daily, also denounced the Trump-approved deal (https://www.globaltimes.cn/content/1201739.shtml) on Wednesday, proclaiming in a headline that China wouldn't "allow the U.S. to rob TikTok." The paper also quoted an expert describing Oracle's founder Larry Ellison as "definitely an anti-China person."

- ByteDance chose database software company Oracle (ORCL) and retailer Walmart (WMT) over technology giant Microsoft (MSFT) when it was forced by Washington to hand over its U.S. operations under the threat of an outright ban (http://www.marketwatch.com/story/trumps-tiktok-and-wechat-ban-hurts-chinese-internet-stocks-heres-why-his-executive-order-also-puts-pressure-on-microsoft-2020-08-07). The U.S. government balked at a first version of the deal that kept the Chinese in control of the popular videosharing app.

- "Even if it means TikTok could be shut down complete in the U.S., China will not sit idle and allow the U.S. government to seize a Chinese asset so brazenly," the Global Times warned.

Read:China flexes its muscles in Hong Kong with arrest of pro-democracy media tycoon Jimmy Lai (http://www.marketwatch.com/story/china-flexes-its-muscles-in-hong-kong-with-arrest-of-pro-democracy-media-tycoon-jimmy-lai-the-message-from-beijing-is-clear-2020-08-10)

The outlook: It looks like the White House-sanctioned deal wasn't quite a deal after all. But it is still hard to tell whether the Chinese media editorials signal Beijing's outright opposition to any form of agreement, or whether they just amount to a bit of saber-rattling before another compromise is found. However important it has become to the online lives of American and European teenagers, and to President Donald Trump's campaign against Chinese security threats, TikTok isn't seen by analysts as crucial to Beijing's interests. And in any case, the dispute about its ownership must be placed in the overall context of the tense and deteriorating U.S.-China relations.

Read: From lockdowns to Brexit, the U.K. economy is heading toward a rough winter (http://www.marketwatch.com/story/from-lockdowns-to-brexit-the-uk-economy-is-heading-toward-a-rough-winter-2020-09-22)

-Pierre Briançon; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

September 24, 2020 05:29 ET (09:29 GMT)

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