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 »
Bank groups said that although the Federal Reserve’s eased capital plans are a major improvement over previous versions, the recent proposals still need changes to help avoid risk assessments they say may hinder banks’ ability to boost lending. Processing Content Heads of the Washington-based Bank Policy Institute and the Mortgage Bankers Association, among others, testified
Bank groups eye changes to Fed’s relaxed capital plans Read More »