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Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a live-streamed news conference following a Federal Open Market Committee (FOMC) meeting in New York, U.S., on Wednesday, March 16, 2022. The Federal Reserve raised…
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Angel Oak Mortgage, a real estate investment trust that securitizes non-qualified mortgage, sourced from its sister companies, reported lower net income in the fourth quarter from the prior three-month period. But company executives touted…
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In February, the number of primary mortgages that went into default for the first time rose at the highest rate seen in nearly a year, according to Standard & Poor’s Dow Jones Indices and Experian. The balance-weighted first-mortgage…
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