Author name: Ricky Vasquez

Invesco Mortgage Capital recorded a loss under generally accepted accounting principles during the first quarter, when it reported that Iran War volatility weakened agency residential mortgage-backed securities performance. Processing Content The real-estate investment trust reported a net loss attributable to common shareholders of $23.1 million, underperforming consensus estimates for a positive $1.26 million earlier in […]

Mortgage brokers are active users of ChatGPT and ready to add artificial intelligence tools to their workflows, but a majority still have questions surrounding which software best serves their needs. Processing Content More than half, or 55%, are already implementing AI on a regular basis, with approximately 35% already considering themselves daily users, according to

UWM Holdings’ latest bid for Two Harbors consists of $12 cash per share or 2.3328 shares of its common stock, looking to top the $11.30 per share cash price CrossCountry Mortgage agreed to pay. Processing Content The Troy, Michigan-based lender, whose previous all-stock deal to buy Two Harbors failed to obtain a quorum at the