Mortgage Rates Could Move This Week as Inflation Data Tests the Fed’s Path
In A Nutshell: Rates remain precarious this week with highly anticipated inflation data coming Wednesday, which could determine if the Fed hikes at their next meeting. Upcoming Attractions Wednesday’s CPI print will be the most important data release of the week by a long shot. Odds for a hike at th
UWM sues Two Harbors over failed merger deal, seeks to recover more than $500M
United Wholesale Mortgage (UWM) filed a lawsuit on Monday that accuses Two Harbors Investment Corp. (TWO) of willfully breaching its merger agreement and committing fraud while pursuing a competing deal with CrossCountry Mortgage (CCM). UWM alleges TWO’s leadership deliberately undermined the stockh
KBW labels Ellington, Longbridge as outperformers after robust Q2 earnings report
Following a strong second-quarter earnings report, analysts at Keefe, Bruyette & Woods (KBW) released a positive forecast for Ellington Financial and its reverse mortgage subsidiary, Longbridge Financial. In a note to investors published over the weekend, KBW said that it was “moderately raising” it
As America turns 250, let’s renew the promise of home
As Americans celebrate our nation’s 250th birthday, we’re reflecting on the promises that have defined our country. Few are more fundamental than the opportunity to build a stable life. Yet for millions of Americans, that opportunity remains out of reach because they cannot find or afford a safe pla
