The latest decision in the closely watched Cantero v. Bank of America case related to preemption of New York escrow rules supports the institution, but it’s unlikely to be the final say. Processing Content The ruling on remand in the U.S. Court of Appeals for the Second Circuit found that preemption should prevail because state […]
New Cantero escrow ruling backs preemption in split decision Read More »
CrossCountry Mortgage has equaled UWM Holdings’ $12 per share offer for Two Harbors Investment, an increase of 70 cents from the agreed to transaction. Processing Content Previously, the Two Harbors’ board rejected the latest entreaty from UWM. But the change likely reflects, among other things, the elevated Two Harbors stock price since this bidding war
CrossCountry raises its Two Harbors bid to $12 per share Read More »
Fannie Mae and Freddie Mac investors are underestimating the chances of a public market re-entry from the mortgage giants after a lull in chatter around the names, according to Mizuho’s Dan Dolev. Processing Content Dolev initiated both companies this week with buy ratings, citing a base case assuming a 30% chance that Fannie will exit
Fannie, Freddie’s latest bull says traders underpricing IPO odds Read More »