CrossCountry Mortgage has increased its bid for Two Harbors Investment by 50 cents per share for the common stock. This is in response to an unsolicited proposal on April 20 from original merger partner UWM Holdings, a press release said. Processing Content The new price will be $11.30 per share in the all-cash transaction. The […]
CrossCountry ups Two Harbors bid after new UWM proposal Read More »
Impac Mortgage Holdings’ bankruptcy seemed decades in the making. Processing Content The company filed for Chapter 11 bankruptcy protection Sunday, after years of struggles exacerbated by rising interest rates earlier this decade. In a series of federal court filings this week, the former lender and servicer described its debts, and the numerous factors that led
Impac describes its debt, downfall in bankruptcy filing Read More »
Key takeaway: The FOMC meets April 28-29 against a backdrop of elevated geopolitical uncertainty stemming from the Iran war, which has contributed to higher energy prices and renewed inflation concerns. The meeting also comes during a leadership transition at the Federal Reserve, with a new chair expected to take over in the coming months. Expert
Interest rates are the most certain thing about FOMC meeting Read More »