Hanover Capital Mortgage Holdings, which was scheduled to release third-quarter earnings on Nov. 14, has delayed posting its results until Nov. 19, with a conference call scheduled for Nov. 20.John Burchett, president and chief executive of the real estate investment trust, said that "continued turmoil and uncertainty in the capital markets and lack of trading in similar securities" has made it difficult for the mortgage REIT to establish the fair value of certain assets. Hanover invests in prime credit quality mortgage loans and mortgage securities backed by prime loans.
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Over one-third of the Wolters Kluwer survey participants believe the next Fed move will be to boost short-term rates, but most expect one cut next year.
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The National Association of Home Builders Remodeling Market Index for the second quarter posted a reading of 61, a one-point decline from the first quarter.
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The new Mortgage Bankers Association research adds to debate over whether Fannie Mae and Freddie Mac should allow a less costly alternative to the tri-merge.
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Wide regional variances appeared in housing-start activity in 2025, when the traditional leading builder markets all saw numbers decline by as much as 15%.
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The bill, which passed with wide bipartisan support, will become law at midnight if President Donald Trump doesn't veto it.
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Total application volume fell by over 13.000 units on a month-to-month basis, with declines in purchase and refinance activity, Keefe, Bruyette & Woods said.
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