US new-home sales rose in March by more than forecast as the median selling price slid to a more than four-year low and builders offered incentives. Processing Content New single-family home sales increased 7.4% from February to an annualized 682,000 pace, the fastest this year, according to government figures out Tuesday. The median estimate in […]
New-home sales increased in March to fastest pace of year Read More »
Onity Group announced downscaled servicing-rights sales in its Finance of America agreement and reported a drop in earnings due to interest rate and delinquency-related pressures on Tuesday. Processing Content Net income to common shareholders was $7 million, compared with a S&P Capital IQ Pro consensus estimate of $17.8 million. Onity had earned $126 million in
Onity Group reduces scope of Finance of America pact Read More »
UWM Holdings Corp. is challenging Two Harbors Investment Corp.’s board after it rejected a $12 per share acquisition proposal in favor of an $11.30 per share deal with CrossCountry Mortgage LLC, issuing a lengthy response that questioned the board’s analysis and process. In a statement on Monday, UWM said “the TWO Board’s interpretation of the numbers
UWM challenges Two Harbors board over rejection of $12 per share bid Read More »