In what is likely its final report as a publicly traded company, Two Harbors Investment will be going out on a profitable note, with GAAP net income of $49.4 million and comprehensive net income of $47.9 million in the second quarter. Processing Content Its acquisition by CrossCountry Mortgage, following a contentious takeover battle with UWM […]
Two Harbors ends run as a profitable company Read More »
(Bloomberg) — Ahead of the Federal Reserve’s policy decision later Wednesday, bond traders are on edge. While most expect policymakers to leave interest rates unchanged, prominent voices across Wall Street are putting their weight behind a hike in just the second meeting run by new Chairman Kevin Warsh. Processing Content It’s indicative of a new
Citadel Securities’ Fed rate hike call adds to market angst Read More »
Fannie Mae’s net income jumped to its highest point in over a year amid a seasonal revenue surge that outweighed negative adjustments to credit loss provisions and fair value. Processing Content The government-sponsored enterprise earned $4 billion during the period compared to $3.7 billion the previous quarter and $3.3 billion a year earlier. Net revenues
Fannie Mae results show purchase market surprisingly strong Read More »