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Chairman and CEO of Pennymac, David Spector, said the one-time cost will allow the company to retain ownership of a proprietary system that could build value for investors.
February 1 -
Two Harbors, which also reported a gain in comprehensive income, recently completed an acquisition that made it the eighth largest conventional servicer.
January 30 -
A new "Social MBS" label will be applied to eligible single-family collateral from both government-sponsored enterprises based on a new mission index score.
January 23 -
With traders reducing wagers on a rate cut at the Federal Reserve's March meeting and the yield on 10-year Treasuries rising to 4.11%, the highest since Dec. 12, real estate is primed to take a hit.
January 18 -
The escalating case would set a new precedent if it established fiduciary duties for entities that manage securitized mortgages that pension funds invest in.
January 17 -
Bond traders are growing more convinced that US yields are heading lower as they bet on a series of Federal Reserve interest-rate cuts, yet the path to cheaper borrowing costs is set to be extremely bumpy.
January 15 -
Commerce Bank Executive Vice President Scott Colbert joins us for a discussion of what to expect in 2024.
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A bill before the state legislature would create a public infrastructure bank, where municipalities could go to finance projects from affordable housing to bridges.
January 7 -
The segment demonstrated sustained resilience in the third quarter, growing its share of the market each month amid rate volatility, according to Corelogic.
January 2 -
The benchmark 10-year yield rose as much as nine basis points to 3.97%.
January 2