Barry Habib, the founder and CEO of MBS Highway and a go-to source for mortgage industry predictions, has been named to Fannie Mae‘s board of directors. A recent filing with the Securities Exchange Commission (SEC) confirmed that Habib had been appointed to the board effective July 21. “The appointment of Mr. Habib is until the […]
Mortgage prognosticator Barry Habib joins Fannie Mae’s board Read More »
Bing Guan/Bloomberg Flagstar Financial’s profitability challenges extended into yet another quarter, with the company reporting a net loss, though executives remain optimistic about a near-term financial turnaround. On Friday, the parent company of Flagstar Bank reported a second-quarter net loss of $70 million, or $0.19 per share, exceeding the consensus net loss estimate of $0.14
Flagstar’s losses shrink as bank looks toward profitability Read More »
Mortgage Rates End Week Unchanged. Next Week, Probably Not… It’s no great secret that the outgoing week didn’t offer much in terms of hotly anticipated events with the power to make or break momentum in the rate market. But as it happened, there was ultimately no impact whatsoever by the time Friday afternoon rolled around.
Mortgage Rates End Week Unchanged. Next Week, Probably Not… Read More »