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.
The Detroit-based lender reported a GAAP net income of $291 million from January to March, its highest profit level in two years.