Latest Mortgages News
Average rate on a 30-year mortgage in the US rises for 6th straight week
The average rate on a 30-year mortgage in the U.S. rose for the sixth straight week, returning to its highest level since early July. The rate ticked up to 6.79% from 6.72% last week, mortgage buyer Freddie Mac said Thursday. That’s still down from a year ago, when the rate...
Granite Point Mortgage Trust: Q3 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Granite Point Mortgage Trust Inc. (GPMT) on Wednesday reported a loss of $31 million in its third quarter. On a per-share basis, the New York-based company said it had a loss of 69 cents. Losses, adjusted for non-recurring costs and stock option...
Angel Oak: Q3 Earnings Snapshot
ATLANTA (AP) — ATLANTA (AP) — Angel Oak Mortgage Inc. (AOMR) on Wednesday reported third-quarter profit of $31.2 million. The Atlanta-based company said it had profit of $1.29 per share. Losses, adjusted for non-recurring gains, were 14 cents per share. The real...
Chimera: Q3 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Chimera Investment Corp. (CIM) on Wednesday reported profit of $136.5 million in its third quarter. On a per-share basis, the New York-based company said it had profit of $1.39. Earnings, adjusted for investment gains, came to 36 cents per share. ...
Invesco Mortgage Capital: Q3 Earnings Snapshot
ATLANTA (AP) — ATLANTA (AP) — Invesco Mortgage Capital Inc. (IVR) on Tuesday reported profit of $40.7 million in its third quarter. The Atlanta-based company said it had profit of 63 cents per share. Earnings, adjusted for non-recurring costs, came to 68 cents per share. ...
AG Mortgage Investment Trust: Q3 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — AG Mortgage Investment Trust Inc. (MITT) on Tuesday reported net income of $16.6 million in its third quarter. The New York-based company said it had net income of 40 cents per share. Earnings, adjusted for non-recurring gains, came to 17 cents per...
Farmer Mac: Q3 Earnings Snapshot
WASHINGTON (AP) — WASHINGTON (AP) — Federal Agricultural Mortgage Corp. (AGM) on Monday reported third-quarter earnings of $49.8 million. On a per-share basis, the Washington-based company said it had net income of $3.86. Earnings, adjusted for non-recurring costs, came to $4.10...
Average rate on a 30-year mortgage in the US rises for fifth straight week
The average rate on a 30-year mortgage in the U.S. rose for the fifth straight week, returning to its highest level since early August. The rate rose to 6.72% from 6.54% last week, mortgage buyer Freddie Mac said Thursday. That's still down from a year ago, when the rate averaged...
Summer pullback in mortgage rates helped pave way for lower down payments for many homebuyers
LOS ANGELES (AP) — Homebuyers opted to make smaller down payments this summer as declining mortgage rates helped boost their purchasing power, though home shoppers’ upfront costs remain near their peak. The average down payment on a U.S. home as a percentage of the purchase price...
New York Mortgage Trust: Q3 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — New York Mortgage Trust Inc. (NYMT) on Wednesday reported third-quarter profit of $42.8 million. On a per-share basis, the New York-based company said it had net income of 36 cents. Earnings, adjusted for non-recurring costs, came to 39 cents per...
