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Key insight: Sen. Thom Tillis, R-N.C., officially dropped his opposition to Warsh's nomination with an aye vote, despite ongoing parts of the DOJ investigation against current Fed Chairman Jerome Powell. What's at stake: Fed independence has been the theme of Warsh's nomination, with outstanding questions about Warsh's willingness to lower rates...
2026-04-29
While Two Harbors Investment returned to profitability in the first quarter on a GAAP basis, the real estate investment trust reported a loss using a non-GAAP metric, comprehensive income.Processing ContentShares of Two Harbors rose 55 cents to $11.56 in the first 10 minutes of Wednesday trading, after CrossCountry raised its...
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It’s looking like mortgage rates are headed back up again after a nice reprieve in early April.We all know they had a terrible March thanks to the beginnings of the ongoing conflict in the Middle East.But then reversed course in the first half of April to wind up at a...
2026-04-29
Fannie Mae reported a stronger profit in the first quarter as the company continues to get leaner.Processing ContentThe government-sponsored enterprise recorded $3.7 billion in net income during the period, a 5% quarterly increase and on par with its winter result a year ago. Executives cited a shift from fair value...
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