Mortgage rates dropped for the first time in three weeks but have remained in the same range for the past month. Processing Content The 30-year fixed-rate mortgage averaged 6.09% Thursday, down two basis points from 6.11% last week, according to the Freddie Mac Primary Mortgage Market Survey. The 30-year rate was 6.87% at this time […]
Mortgage rates slip, but 6% may be the limit Read More »
Freddie Mac posted lower fourth-quarter and full-year earnings as revenue slipped and credit costs climbed, even as lawmakers on Capitol Hill renewed debate over whether the company and Fannie Mae are anywhere close to having the capital needed to exit conservatorship. Processing Content Lower net revenues and a higher provision for credit losses drove a
Freddie profit falls; Congress pushes back on IPO Read More »
Onity Group reported stronger fourth-quarter earnings, driven by a deferred tax asset valuation, and executives said they see opportunity in industry consolidation. But they signaled the company may take a different approach than some of its peers. Processing Content Net income to common shares was $126 million, compared to a $107 million to $131 million
Onity reveals more about M&A, earnings in final results Read More »