Two Harbors Investment has jilted UWM Holdings at the altar, agreeing to be acquired by CrossCountry Mortgage for $10.80 in an all-cash transaction. Processing Content UWM went into attack mode following the announcement before the market’s opened on Friday morning. “The actions taken by TWO’s management team and board do not reflect the best interests […]
Two Harbors jilts UWM Holdings for CrossCountry Read More »
Key insight: Fed Gov. Lisa Cook, Gov. Michael Barr and Vice Chair Philip Jefferson said in separate appearances Thursday that uncertainty over tariffs and geopolitical tensions is shifting the balance of risks toward combating a rise in inflation. Expert quote: “The ongoing trade policy uncertainty and geopolitical tensions … pose upside risk to my inflation
Fed Govs. express concern about Iran war-driven inflation Read More »
Two weeks ago on CNBC, I talked about how the housing market was poised for growth for the first time in years — unless mortgage rates shot up due to the war with Iran. Mortgage rates were sub 6% before the war and today they hit 6.62%, according to Mortgage News Daily. That is a
Mortgage rates now closer to 7% than 6% as the Iran war escalates Read More »