Today is a half day for financial markets, which is a typical feature of a federal holiday weekend. Because tomorrow is fully closed, the big jobs report (normally a Friday affair) was instead released this morning. It ended up helping rates move lower. The jobs report (officially “The Employment Situation”) measures new jobs created (or […]
Mortgage Rates Recover Somewhat Read More »
Endorsements of Home Equity Conversion Mortgages climbed higher in June, while securitization volume shrank, painting a mixed picture of the latest HECM trends. Processing Content New HECM endorsements grew 4.9% on a monthly basis to 2,064 transactions, rising for the first time since March, according to the latest report from Reverse Market Insight. Volumes of
HECM endorsements climb even as securitization slips Read More »
After several postponements, Two Harbors Investment shareholders have finally approved the agreement for the real estate investment trust and its RoundPoint servicing business to be acquired by CrossCountry Mortgage. Processing Content Two Harbors is making the announcement based on the preliminary vote count, remaining subject to certification by the independent inspector of elections. It is
Two Harbors shareholders finally approve CrossCountry deal Read More »