The impairment charge being taken by Thornburg Mortgage in its 2007 restatement has increased by $248.8 million from original estimates to a total of $676.6 million, according to the company's amended annual report filed with the Securities and Exchange Commission. The company said it has restated its earnings because margin calls that could be "material" might jeopardize its ability to hold certain of its securitized adjustable-rate mortgages to maturity. Thornburg can be found online at http://www.thornburgmortgage.com.
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With the 10-year Treasury yield hitting a 19-month high, mortgage industry executives are bracing for a tougher-than-usual end of year.
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The Republican proposal would bring the CFPB under congressional appropriations and curb several of its regulatory powers.
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The real-estate services firm has purchased a title search company and affiliate just months after buying the Mortgage Contracting Services division from MCS.
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Workforce solutions firm 3N Performance agreed to a Washington consent order after officials found it had engaged in unlicensed processing and underwriting.
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Markets are still pricing in an increase in the federal funds rate later this month, but Federal Reserve Gov. Michael Barr said his vote will depend on incoming unemployment and inflation data.
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The nation's largest homebuilder is fending off accusations that it misled home buyers on their escrow estimates and saddled them with steep increases.
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