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Two Harbors stockholder sues to block CCM merger vote

A Two Harbors Investment Corp. stockholder has sued the company and its directors in federal court over allegedly misleading proxy disclosures, seeking a restraining order to delay the May 19 special meeting regarding its proposed merger with CrossCountry Intermediate Holdco LLC. George Assad filed the lawsuit and related emergency motions Wednesday in the U.S. District…

Mortgage rates are headed higher as the 10-year yield surges

Mortgage rates are headed higher as the bond market is taking the Iran conflict more seriously today and Fed rate hikes are now being priced in for the first time in a serious manner. If this continues, forget about any rate cuts or mortgage rates heading toward 6% anytime soon. The 10-year yield is surging…