Irwin Financial Corp., a mortgage lender based in Columbus, Ind., has announced the suspension of quarterly dividends on its common, preferred, and trust preferred securities. Will Miller, chairman and chief executive officer of Irwin Financial, said the company's dividends have exceeded its earnings over the past two years. "Until we return to normal levels of profitability, that is neither a sustainable nor a wise strategy," he said. Irwin can be found on the Web at http://www.irwinfinancial.com.
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Merging Fannie Mae and Freddie Mac may not be possible but there is a variation that maintains competition and adds efficiency, according to one shareholder.
9h ago -
As part of a broader expansion of its profit and loss production network, Rate is bringing former Fairway employees Vito Roppo and Nick Ferrante onboard.
10h ago -
Most of the A1 tranches, are expected to pay a coupon of 5.83%, except for the A-1 last-cash flow tranche, which is expected to pay 5.93%.
September 2 -
United Wholesale Mortgage launched a "first-of-its-kind" ChatGPT plugin that connects borrowers with independent mortgage brokers across the country.
September 2 -
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Federal Reserve Bank of New York President John Williams said Wednesday that inflation expectations remain well anchored, suggesting a "wait-and-see" approach for monetary policy.
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