Key insight: Sen. Thom Tillis, R-N.C., officially dropped his opposition to Warsh’s nomination with an aye vote, despite ongoing parts of the DOJ investigation against current Fed Chairman Jerome Powell. What’s at stake: Fed independence has been the theme of Warsh’s nomination, with outstanding questions about Warsh’s willingness to lower rates at President Donald Trump’s […]
Warsh clears Senate Banking Committee Read More »
While Two Harbors Investment returned to profitability in the first quarter on a GAAP basis, the real estate investment trust reported a loss using a non-GAAP metric, comprehensive income. Processing Content Shares of Two Harbors rose 55 cents to $11.56 in the first 10 minutes of Wednesday trading, after CrossCountry raised its acquisition offer to
Two Harbors turns GAAP profit amid CrossCountry bid Read More »
Fannie Mae reported a stronger profit in the first quarter as the company continues to get leaner. Processing Content The government-sponsored enterprise recorded $3.7 billion in net income during the period, a 5% quarterly increase and on par with its winter result a year ago. Executives cited a shift from fair value losses to gains,
Fannie Mae single-family loan acquisitions reach 3-year high Read More »