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Stock impact report

AG Mortgage jumps 14% after 'substantive agreement' on forbearance [Seeking Alpha]

Royal Bank Of Canada (RY) 
Last royal bank of canada earnings: 2/21 06:00 am Check Earnings Report
US:NYSE Investor Relations: rbc.com/investorrelations/index.html
Company Research Source: Seeking Alpha
Financials|On the MoveAG Mortgage jumps 14% after 'substantive agreement' on forbearanceApr. 9, 2020 7:39 AM ETAG Mortgage Investment Trus... (MITT)Liz KiescheAG Mortgage Investment Trust (NYSE:surges 14%has reachedHas received in escrow signature pages for the forbearance agreement and ancillary documents from two of its larger financing counterparties and expects to receive signature pages from additional counterparties.Through April 7, 2020, MITT has received an aggregate of ~$145M of margin calls due to mark to market declines and haircut changes.Additionally, through April 2, 2020, either MITT has sold, or lenders have notified the company that they have sold or taken ownership of, assets subject to $425M of certain financing obligations.It has also received deficiency and close-out notices from certain counterparties alleging deficiencies aggregating ~$34.2M under these financing agreements; ~$29.6M of such deficiencies were alleged by some Royal Bank of Canada affiliates.Says Show less Read more
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