President Donald Trump said his administration is still considering a public offering of shares in mortgage giants Fannie Mae and Freddie Mac, days after he said he was appointing his top housing official to oversee the government’s network of intelligence agencies. Processing Content Trump, speaking to reporters on Air Force One on Friday, was asked […]
Trump says US still weighing share sale for Fannie, Freddie Read More »
A Florida-based financial institution is selling its third-party origination division and a mortgage fulfillment unit that’s part of it to a Chicago-based credit union service organization. Processing Content First Federal Bank struck a deal to sell the TPO division, which includes the QRL Financial Services unit, to the Chicago-based Mortgage Forward. The buyer will incorporate
First Federal Bank sells third-party mortgage origination unit Read More »
Key takeaway: The Bureau of Labor Statistics reported Friday that the U.S. added 172,000 jobs in May, while unemployment held steady at 4.3%. Supporting data: Leisure and hospitality added 70,000 jobs, followed by local government with 52,000 and healthcare with 47,000. What’s at stake: The stronger-than-expected employment figures will likely make it more difficult for
Rate cuts further dimmed with positive employment report Read More »