General World News

Cambodia’s Dragon Boat Races Make a Welcome Return

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Cambodians are celebrating the return of dragon boat races at this year’s Water Festival after a three-year absence amid hopes it will bolster the tourism industry and an economy struggling to recover in the aftermath of the COVID-19 pandemic. Luke Hunt reports. Camera: Luke Hunt, David Brown, Vicheka Kol details ⇒ BusinessMediaguide.Com portal received this […]

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Meals To Woof Down at Italy’s First Dog Restaurant

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Pepe’s meal is so good he licks the plate clean. In any other Rome establishment, slobbering on one’s chicken and mashed potato would be frowned upon — but this is “Fiuto”, Italy’s first dogs’ restaurant. The lighting is soft, lounge music plays in the background, attentive staff show people and pets to their tables and […]

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A Chicken Inside a Duck Inside a Turkey

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In most of the United States, November and December are prime time for turkey lovers. The U.S. Poultry and Egg Association says 46 million turkeys are eaten on Thanksgiving, with another 22 million consumed on Christmas. But in the Southern state of Louisiana, known for its decadence and creative cuisine, turkey has a competitor. For […]

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Balloons, Bands and Santa: Macy’s Thanksgiving Day Parade Ushers in Holiday Season in New York

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Beloved characters like Snoopy and SpongeBob SquarePants soared through the skies above New York City Thursday while bands marched along the streets below as the annual Macy’s Thanksgiving Day Parade ushered in the holiday season. The parade started on Manhattan’s Upper West Side making its way alongside Central Park in front of big crowds and […]

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Kashmir Artisans Turn Paper Into Christmas Treasures

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The Indian side of Kashmir is home to very few Christians, but people from the region put their blood and sweat into preparing gifts for Christmas celebrations. For VOA, Muheet Ul Islam has more from Srinagar in Indian-administered Kashmir. Camera: Wasim Nabi details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com

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Figure hires banks for lending arm IPO: Bloomberg

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Mike Cagney’s financial technology firm Figure Technologies has taken another step to go public with its lending division, LendCo, hiring investment banks to coordinate the initial public offering (IPO), per a Bloomberg report.  People familiar with the transaction told Bloomberg that Figure is working with Goldman Sachs Group Inc., JP Morgan Chase & Co. and Jefferies Financial Group Inc. for the IPO. […]

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Foreclosure starts rise in October but near-term risk is muted: ICE

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While foreclosure completions remained relatively flat in October, foreclosure starts rose to 33,000, hitting their highest level in 18 months, according to the ICE Mortgage Monitor report. In October,  there were 217,000 loans in active foreclosure, up 3,000 since September. However, this remains 25% under the pre-pandemic levels.   The national delinquency rate fell three basis […]

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FHFA issues final rule on commingled securities for GSEs

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The Federal Housing Finance Agency (FHFA) on Tuesday published a final rule that amends several provisions of the Enterprise Regulatory Capital Framework (ERCF) for government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. The final rule is primarily related to guarantees on commingled securities, multifamily mortgage exposures secured by properties with government subsidies and derivatives and […]

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CMG Financial adds Shamrock’s $300M-plus origination team

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California-based mortgage lender CMG Financial announced the integration of Shamrock Home Loans’ origination team, which will boost its presence in New England. That’s not the first addition to CMG this year. In March, the company struck a deal to acquire Homebridge Financial Services‘s retail division to grow its retail lending business footprint. CMG makes its services and products available through wholesale and correspondent […]

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HousingWire Magazine: October/November 2023

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HousingWire Editor in Chief Sarah Wheeler and Brena Nath, director of HW+ and events at HousingWire. On HousingWire branding calls earlier this year, someone asked us what our tagline, “Moving Markets Forward,” means to me. Having referred to this phrase for over 10 years, the explanation we’ve used is as adaptable and forward thinking as […]

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Trans Women Welcome Pope’s Message of Inclusivity

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Pope Francis’ recent gesture of welcome for transgender Catholics has resonated strongly in a working class, seaside town south of Rome, where a community of trans women has found help and hope through a remarkable relationship with the pontiff forged during the darkest times of the pandemic. Thanks to the local parish priest, these women […]

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Community Gardens Blossom in Malaysia

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Many of Malaysia’s urban communities are adding a rural touch. Community gardens are popping up as residents look for ways to bring the great outdoors closer to home. Dave Grunebaum has the story. details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com

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Movement sues Summit, former veteran sales executives for poaching

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The transition of three veteran sales executives from South Carolina-based lender Movement Mortgage to its California competitor Summit Funding led to a legal battle over poaching.  HousingWire reported in July hat Movement’s national sales director Deran Pennington, leader of the South and Central division Matt Schoolfield and leader of the Eastern U.S. division Chris Shelton parted ways after more […]

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Uyghur Poet’s Memoir on China’s Abuses Earns Recognition

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Tahir Hamut Izgil witnessed firsthand, China’s repressive treatment of the Uyghur ethnic minority group and experienced how society changed over time in Xinjiang, an autonomous region in northwest China. His memoir, published this year has gained attention by readers and recognition by two prominent U.S.  publications this week, while China describes accusations of repression as […]

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Rithm Capital completes acquisition of Sculptor

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New York-based Rithm Capital, the parent company of Newrez, announced on Friday it completed the acquisition of Sculptor Capital Management for $719.8 million.  The deal was made public four months ago and created a dispute among investors to take the firm, leading Rithm to increase its price by 14% compared to the original bid. The transaction also created legal battles […]

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Hollywood Actors Offered Protections Against AI in Labor Deal

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Leaders of the union representing Hollywood actors announced a tentative deal recently with film and television studios to end a strike that started in July. It includes pay raises, streaming bonuses for actors, and the industry’s first protections against the use of artificial intelligence. From Los Angeles, Genia Dulot has our story. details ⇒ BusinessMediaguide.Com […]

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U.S. Department of Education’s Office for Civil Rights Announces List of Open Title VI Shared Ancestry Investigations of Institutions of Higher Education and K-12 Schools

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As part of the Biden-Harris Administration’s continued efforts to take aggressive action to address the alarming nationwide rise in reports of antisemitism, anti-Muslim, anti-Arab, and other forms of discrimination and harassment on college campuses and in K-12 schools since the October 7 Israel-Hamas conflict, today the U.S. details ⇒ BusinessMediaguide.Com portal received this content from […]

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Freddie Mac to roll out fee-based repurchase pilot program in 2024

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Freddie Mac will launch a new fee-based repurchase alternative pilot program for performing loans in 2024, designed to improve the quality of performing loans through a potential replacement of its current repurchase policy for defective performing loans. “The pilot will use a fee-based structure that is more efficient, transparent and rewards lenders that deliver high-quality […]

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Biden-Harris Administration Launches “Being Bilingual is a Superpower” to Promote Multilingual Education for a Diverse Workforce

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As part of its Raise the Bar: Create Pathways for Global Engagement, the Biden-Harris Administration today launched “Being Bilingual is a Superpower,” an initiative by the U.S. Department of Education (Department) to promote multilingual education and bolster high-quality language programs and a diverse multilingual educator workforce across the country.  details ⇒ BusinessMediaguide.Com portal received this […]

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Fintech Stavvy acquires technology suite SigniaDocuments

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Stavvy, a fintech firm specializing in digital and remote collaboration for lending and real estate companies, acquired SigniaDocuments, a technology suite from Texas-based lender Evolve Mortgage Services. Terms of the deal were not announced. Stavvy will acquire assets, including eClosing tools, eNote and eVault services, eRegistry capabilities for agency and non-agency loans and SigniaDocuments’ SMART […]

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UWM to cover appraisal costs on 1-0 temporary rate buydowns

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Michigan-based United Wholesale Mortgage (UWM) wants to court more brokers by offering no-cost appraisals on 1-0 temporary rate buydowns amid fierce competition in the industry.  The wholesale lender will cover up to $600 of the appraisal cost on all conventional and government-backed home loans until March 31 when a broker uses UWM’s 1-0 temporary rate […]

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Rocket Mortgage faces class-action lawsuit for unsolicited telemarketing calls

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Detroit-headquartered lender Rocket Mortgage faces a class-action lawsuit for making repeated, unsolicited telephone calls, violating the Telephone Consumer Protection Act (TCPA). According to the suit filed in the U.S. District Court for the District of Arizona on Tuesday, Kellie Deits – a resident of Arizona — received a call from a Rocket Mortgage representative in […]

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Citizens Bank to exit the wholesale channel

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Providence, Rhode Island-based Citizens Bank, the 28th largest U.S. mortgage lender, has decided to close its wholesale channel, which produced over $1 billion in volume in the first half of this year.  “After careful consideration, Citizens has made the difficult decision today to discontinue originations in the mortgage wholesale channel,” Chace Gundlach, senior vice president and […]

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U.S. Department of Education Releases New Data Highlighting How the Simplified, Streamlined, and Redesigned Better FAFSA® Form Will Help Deliver Maximum Pell Grants to 1.5 Million More Students

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The U.S. Department of Education (Department) today released new state-by-state data and details showing that the simplified, streamlined, and redesigned 2024–25 Free Application for Federal Student Aid (FAFSA) form will help 610,000 new students from low-income backgrounds receive Federal Pell Grants. The new FAFSA form will also help 1.5 million more students receive the maximum […]