Private equity fund investment heating up

While the common man’s dollars are getting stretched to the limit, private equity investors have added to their holdings and are poised for more.
The Private Equity Growth Capital Council’s Private Equity Index, which measures overall private equity activity in the U.S., increased 23 percent to 123.9 during the fourth quarter of 2012 — the highest level since the third quarter of 2008.
While the overall economy receded in the fourth quarter, private equity investment topped $102 billion and returned more than $55 billion in the fourth quarter to its investors which include pension funds, the PEGCC reported.
Private equity investment deal volume increased to $102 billion in the final three months of 2012 from $66 billion in the third quarter. The flow of dollars into private equity funds grew 10 percent in the fourth quarter to $33 billion.

Economist Jed Kolko examines migration patterns in California and what it means to real estate markets. Connect the dots and you’ll see the impact for Southern Oregon,

Roughly half of current mortgage originations would not qualify as a safe loan under the qualified mortgage rules if the market were to remove all exemptions for government-sponsored loans, Irvine, Calif.-based research firm CoreLogic said in a new report.
In its February MarketPulse Report, CoreLogic looked at the impact of the qualified mortgage and related rules such as the qualified-residential mortgage provision outlined by Dodd-Frank.
The rules’ potential impact is minimal, at the moment, because loans financed and guaranteed by the housing agencies and the Federal Housing Administration represent 90 percent of all new mortgages, according to a report from Sam Khater with CoreLogic.
However, in taking bench marks that will be set by the new mortgage rules, CoreLogic determined roughly half of the current market would not qualify as safe loans under the new guidelines. Ultimately, that could remove 60 percent of loan qualification.

According to Eugene real estate investment firm Gorilla Capital, judicial foreclosures default notices leading to foreclosure sales increased significantly at the start of the year in 24 Oregon counties the company tracks.
Default notices increased more than 33 percent in January over the previous month, rising to 104 from 69. Court foreclosures grew 11 percent to 766 from 681.
Jackson County accounted for just over 9 percent of the judicial foreclosures in Gorilla Capital’s sampling, while default notices here made up less than 9 percent of those in the reporting areas.

Avista Utilities has declared a quarterly dividend of 30.5 cents per share on the company’s common stock, an increase of 1.5 cents per share, boosting the annualized dividend to $1.22. The common stock dividend is payable March 15 to shareholders of record at the close of business on Feb. 22.

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    Greg Stiles

    Covering the Southern Oregon business and economy since 2001. Read Full
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