Los Angeles — Shannen Doherty, the “Beverly Hills, 90210” star whose life and career were roiled by illness and tabloid stories, has died at 53. Doherty died Saturday, according to a statement from her publicist, Leslie Sloane. She had had breast cancer for years. “The devoted daughter, sister, aunt and friend was surrounded by her loved […]
JERUSALEM — Israel’s national Holocaust museum opened a new conservation facility in Jerusalem on Monday that will preserve, restore and store its more than 45,000 artifacts and works of art in a vast new building, including five floors of underground storage. Yad Vashem, the World Holocaust Remembrance Center, serves as both a museum and a research […]
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Pamplona, Spain — Six people were hurt Sunday in Spain’s traditional annual San Fermin bull running festival, with one participant gored and five suffering bruising, local government sources said. A 37-year-old Spanish man emerged from his goring with slight injuries, officials said. The curtain went up on nine days of festivities Saturday as thousands of revelers […]
BERLIN — Spain and England will play the European Championship final on Sunday in an imposing stadium with a dark history. Built for the 1936 Olympic Games, Berlin’s Olympic stadium still bears the scars of World War II and contains relics from its Nazi past. But the Olympiastadion, as it’s known in German, is also associated […]
NEW DELHI — When the son of Asia’s richest man gets married, the celebrations are expected to be lavish. But the breathtaking scale of the festivities held for the youngest son of Indian business tycoon Mukesh Ambani has become the talk of the country. Anant Ambani tied the knot with his fiancée, Radhika Merchant, Friday in […]
Wells Fargo, JPMorgan Chase and Citi opened the second-quarter earnings season in the mortgage space on Friday by showing strong increases in sales volumes from April to June compared to the previous quarter. But it was not enough to bring home loan originations to year-ago levels. Among the three depositories, JPMorgan was the leader in […]
The latest 2023 Home Mortgage Disclosure Act (HMDA) data is in, and it confirms a few key trend lines for the mortgage industry: there was significantly less interest in mortgage loans in 2023, and fewer banks thought it worth participating in the market. The full dataset from Consumer Financial Protection Bureau (CFPB) and the Federal […]
Former reverse mortgage lender James B. Nutter & Co., aka Nutter Home Loans, recently scored what an attorney has characterized as a win in a case brought against it by the U.S. Department of Justice (DOJ). The DOJ initially sued Nutter in September 2020 in a federal court in Missouri under the Financial Institutions Reform, […]
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The Consumer Financial Protection Bureau (CFPB) has broad authority under the Equal Credit Opportunity Act (ECOA) to prohibit discrimination against credit applicants and from discouraging prospective applicants for credit. This reinforces the bureau’s enforcement authority as it wages a war against redlining, including in a case against Chicago-based Townstone Financial, according to court documents reviewed […]
A wide-ranging and multigenerational survey about retirement confidence in the U.S. found that while general confidence has risen over the past year, most Americans remain concerned that their savings will not be able to keep up with their needs in retirement. The Read on Retirement survey, conducted by BlackRock, enlisted perspectives from members of the […]
Fintech firms Rocktop Technologies and LiquidFi on Thursday announced a milestone in their business partnership that was formed earlier this year. Rocktop — a software-as-a-service (SaaS) company that works to improve yields for institutional investors, asset managers and other participants in the fixed-income and mortgage markets — has now placed more than $60 billion in […]
Despite concerns from housing and mortgage industry trade groups, the Federal Housing Finance Agency (FHFA) on Thursday announced the release of VantageScore 4.0 historic credit data, a step that is designed to ease the transition to new credit reporting requirements by the end of next year. The datasets released Wednesday are tied to single-family mortgages […]
NEW YORK — The Library of Congress has awarded a lifetime achievement prize to James McBride, whose acclaimed novels include The Heaven & Earth Grocery Store, Deacon King Kong and The Good Lord Bird. Librarian of Congress Carla Hayden announced Thursday that McBride, whose story lines have ranged from the crusades of abolitionist John Brown to […]
The Consumer Price Index fell 3% in June on an annual basis, a sharper decrease than economists had anticipated. It’s a shot in the arm for the housing industry, which has been battered by several years of high interest rates as the Federal Reserve tries to tamp down inflation. The evidence that inflation is meaningfully […]
South Africa’s newly-appointed minister of sports – a self-described former gangster – wants to promote a sport that has associations with South African gangster culture. The sport of “spinning” involves fast-moving cars and dangerous stunts, and as Kate Bartlett reports from Johannesburg, the way it’s conducted is not always legal. details ⇒ BusinessMediaguide.Com portal received […]
CHARLOTTE, North Carolina — Colombia is headed to the Copa America championship game for the first time in 23 years after a contentious win over Uruguay in which it played the second half a man short and players brawled with fans in the stands following the final whistle. Jefferson Lerma scored in the 39th minute for […]
Accessory dwelling units (ADUs) have a lot of potential for aging in place, as evidenced by their growing popularity and statements from private companies and public officials alike that emphasize their utility for housing seniors. In one recent instance highlighted by the Los Angeles Times, one family turned to an ADU after finding limited options […]
With the release of the CoreLogic 2024 Q1 Equity Insights report, which Logan discussed last week, and now the FHFA National Mortgage Database Aggregate Statistics, we have a lot of visibility into the financial position of the American homeowner. The important message in the mortgage data is that even as the economy perhaps finally slows […]
The Consumer Financial Protection Bureau (CFPB) on Wednesday announced a newly proposed rule that would amend Regulation X and require mortgage servicers to emphasize borrower assistance and loss-mitigation options over foreclosure when a borrower struggles to make their required mortgage payments. “The proposed changes would also make it simpler for servicers to offer assistance by […]
Signs of a “stagnant late-spring housing market“ emerged in June as U.S. home prices declined for the first time this year and purchase mortgage locks fell by 8% year over year. That’s a key takeaway from the June 2024 Market Advantage report released Wednesday by Optimal Blue. The report, which covers the 20 largest U.S. […]
SANTA FE, New Mexico — A New Mexico prosecutor on Wednesday said Alec Baldwin broke “cardinal rules” of gun safety in the 2021 killing of “Rust” cinematographer Halyna Hutchins while his lawyer said he was failed by firearms experts. The 66-year-old Baldwin, on trial in Hollywood’s first on-set shooting fatality in three decades, took notes at […]
Highlands Residential Mortgage announced that Dan Carson recently joined the company as a senior vice president and area manager of its Park Cities branch in Dallas. Carson has spent more than a decade in the mortgage industry, having previously served in leadership positions for OriginPoint, Willow Bend Mortgage Co., PrimeLending and PNC Bank. Dan Carson […]
The complexities of Non-QM lending demand a strategic approach that combines innovation, efficiency, and resilience. Acra Lending has positioned itself at the forefront of this sector by investing in its workforce, optimizing processes, leveraging cutting-edge technology, and building a robust infrastructure. In this executive conversation, we delve into how Acra Lending is enhancing its operations […]
John Collins visited Ghana as a child with his father. But life brought him back years later, and the musician never left. VOA’s Isaac Kaledzi met him in Accra and Anthony Labruto narrates. details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com
I love talking to people about their career journeys. While each person’s story is unique, I often find that there’s a pattern in the way they tell them. They usually start with a childhood dream job that first inspired them, followed by their educational history, eventually leading them to their field of study. Many people […]
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As expected, Federal Reserve Chairman Jerome Powell did not set a timeline for lowering interest rates during his semiannual monetary policy report to Congress on Tuesday morning when participants complained about the effects of a tightening monetary policy in the housing market. Powell indicated that Fed officials are not there yet, but suggested a better […]
Over a quarter (26%) of retired investors continue to pay off their mortgage, and precisely one-quarter of the cohort are continuing to pay down credit card debt, according to a new survey from the Nationwide Retirement Institute. The U.S. retirement population is getting older at a faster rate and are also confronted with inflation as […]
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The U.S. Department of Housing and Urban Development (HUD) on Tuesday announced that it has published updated policies for its 203(k) Rehabilitation Mortgage Insurance Program, in an effort to “modernize the program and enhance its usefulness for individuals and families seeking affordable financing for renovating or rehabilitating a single-family home when purchasing or refinancing it.” […]
The Federal Home Loan Bank of Chicago (FHLBank Chicago) and consumer credit scoring system VantageScore announced on Tuesday that the bank is now accepting mortgage collateral using VantageScore 4.0, an updated version of the scoring system using trended credit bureau data. “[M]ember financial institutions can now pledge mortgage collateral using VantageScore credit scores as an […]
SANTA FE, N.M. — Alec Baldwin’s trial in the shooting of a cinematographer is set to begin Tuesday with the selection of jurors who will be tasked with deciding whether the actor is guilty of involuntary manslaughter. Getting chosen to serve in a trial of such a major star accused of such a major crime would […]
Popular Mexican actor Eugenio Derbez has successfully transitioned to Hollywood. His bilingual comedy “Acapulco” on Apple TV is critically acclaimed and has put his work in front of new audiences. The show’s star and producer spoke with Veronica Villafañe about his mission to create an authentic, family-friendly series that positively represents his home country. details […]
NEW YORK — The entertainment giant Paramount will merge with Skydance, closing out a decades-long run by the Redstone family in Hollywood and injecting desperately needed cash into a legacy studio that has struggled to adapt to a shifting entertainment landscape. It also signals the rise of a new power player, David Ellison, the founder of […]
At the National Reverse Mortgage Lenders Association (NRMLA) Eastern Regional Meeting in May, Acting Ginnie Mae President Sam Valverde said that the government-owned company planned to release a term sheet for a newly proposed Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program sometime in the next month. After the industry’s secondary market was rocked by […]
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The Community Home Lenders of America (CHLA) on Monday submitted a letter to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra, urging the agency to more forcefully go after trigger lead solicitations. To cement the point, CHLA is calling such solicitations “junk calls,” echoing the language of the campaign the Bureau has waged against “junk […]
Top-five mortgage lender Newrez, owned by asset manager Rithm Capital, has imposed another round of layoffs affecting 265 employees in Colorado and Arizona, per documents sent to state authorities. That’s the third round this year, following the acquisition of Computershare Mortgage Services and its affiliate Specialized Loan Servicing (SLS ) for $720 million in October […]
Roughly eight months after acquiring PacWest Bancorp in a rescue deal, Banc of California is selling roughly $2 billion in business-purpose residential mortgage loans, according to Bloomberg. PacWest had already sold the servicing on the debt service coverage ratio (DSCR) loans, which were originated by its subsidiary Civic Financial Services, before Pacwest was acquired by […]
The U.S. Department of Education’s Office for Civil Rights (OCR) today announced that Brown University in Rhode Island has entered into a resolution agreement to ensure compliance with Title VI of the Civil Rights Act of 1964 with respect to alleged harassment of students based on national origin (including shared Jewish, Palestinian, Arab, and/or Muslim […]
Global asset manager Bain Capital announced Monday that it has acquired a controlling stake in Archwest Capital, a California-based company that offers financing to residential real estate investors. The financial terms of the deal were not disclosed, but the companies said in a joint statement that Archwest management, led by CEO Shawn Miller, would retain […]
JOANETES, Spain — Xavier Pallàs plants his feet on the belfry floor, grips the rope, and with one tug fills the lush Spanish valley below with the reverberating peal of a church bell. Clang-clong! Clang-clong! Clang-CLONG! The swinging bronze bell resonates with each strike of the clapper, filling the small stone tower with an undulating hum. […]
New Orleans, Louisiana — For 30 years, the Essence Festival of Culture has brought together people from all walks of life and from around the world to connect through conversation, shared experiences and, of course, music. The nation’s largest annual celebration of Black culture was set to end Sunday with musical performances by Janet Jackson and […]