UK house prices grew slightly in June but fell at the fastest rate since 2009, impacted by soaring mortgage costs, with two-year fixed-rate mortgage rates climbing past six per cent.
New Residential Investment Corp., a publicly traded mortgage real estate investment trust, today reported that its third-quarter earnings increased 20% from the previous quarter, citing its acquisition of Caliber Home Loans and the strength of its investment portfolio.
New Residential reported earnings for the quarter ended Sept. 30 of $141.6 million, or 30 cents per diluted common share, up from $121.3 million, or 26 cents per diluted common share, in the second quarter.
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