Stronger than expected jobless claims data pushed mortgage-backed securities lower than expected.
Jobless claims dropped 332,000 below the consensus of 350,000. The continued claims declined to the lowest level since the middle of 2008.
Stronger than expected jobless claims data pushed mortgage-backed securities lower than expected.
Jobless claims dropped 332,000 below the consensus of 350,000. The continued claims declined to the lowest level since the middle of 2008.
Loan production income shrank in the first quarter, but the company’s servicing business continues to grow