Two Harbors postpones vote as CrossCountry touts final offer

Three mortgage giants are in limbo yet again as Two Harbors adjourned another shareholder meeting Thursday.  Processing Content Two Harbors in a press release said it wants to provide additional time to solicit additional proxies in favor of an acquisition bid by CrossCountry Mortgage. The company adjourned a shareholder meeting last week as competing interest […]

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New-home sales declined by more than forecast in April

Sales of new US homes declined in April by more than forecast as builder incentives failed to motivate potential buyers at the start of the spring selling season. Processing Content Purchases of new single-family homes decreased 6.2% from March to a 622,000 annualized pace, according to government data released Thursday. Economists expected a 660,000 rate,

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