M&A daily wrap: Charlesbank, Partners Group, Hearthside, Blackstone, Patrick Soon-Shiong

M&A daily wrap: Charlesbank, Partners Group, Hearthside, Blackstone, Patrick Soon-Shiong

Tenura Holdings, Panorama Point Partners and title insurance executive Robert Jackson have partnered to form a new platform called Nerio Group. The company will focus on mortgage loan services including: residential purchase, refinancing, home equity, default and curative and commercial services
See Original Article

UGA students earn $30000 for Terry College in real estate investment competition

The 2017 Real Confidence University Challenge is sponsored by Altus Group, a real estate management consulting company, and is an interactive exercise where teams hypothetically invest $1 billion in capital to real estate investments directly linked to well-known private and public real estate indexes
See Original Article

Delivering Your Tax Refund Is the Least of the IRS's Problems

For Tax Day this year, House lawmakers are focusing on a familiar target — the Internal Revenue Service. Pegged to Tuesday's tax-filing deadline, Republican leaders scheduled a floor vote later this week on a bipartisan package to retool the agency. If the measure gains momentum, the IRS could face
See Original Article

Deutsche Bank Shelves $4.6 Billion India Portfolio Sale

The bank has a credit exposure of about 15.2 billion euros in India, its second-highest among Asia-Pacific markets after Japan. Deutsche Bank, which started operations in India in 1980, has previously divested parts of its business in the country. In 2010 it sold its mortgage business, and five years later it
See Original Article

From Motor City to Mortgage City: How Detroit became a fintech hub

DETROIT — While the West Coast still reigns as the epicenter of technology development, the Detroit area has quietly emerged as a proving ground for digital mortgage innovations. The area has become a center for innovation largely due to the presence of Quicken Loans, a nonbank lender that's
See Original Article

Southwest Airlines Flight 1380 Makes Emergency Landing After Engine Blows Out

A Southwest Airlines Co. jetliner made an emergency landing in Philadelphia International Airport after an engine blew out, forcing the suspension of flights in and out of the airport. The cabin depressurized when engine debris broke a window, according to an NBC affiliate. A woman was drawn toward
See Original Article

Total UK homeowner purchases reach highest level in over 10 years

Homeowner house purchases reached 50,000 in February, the highest level for the month since 2007. The data, which combines both home movers and first-time buyers, comes from the latest study on mortgage trends by trade association UK Finance. The report also found that mortgage lending for
See Original Article

Bank of America's problem with Loan Officers (and vice versa)

It's been discussed among my friends with their operations here in the DFW area, and it's touched upon in my interview with Casey Crawford, the CEO of Movement Mortgage — published in the next issue of HousingWire magazine. It all appeared to come into sharper focus yesterday as the extent of the
See Original Article

What Was Matthew Mellon's Cause of Death? Cryptocurrency Billionaire and Banking Heir Dies …

Cryptocurrency billionaire and American banking heir Mathew Mellon has died aged 54 following a long-running battle with drug addiction, a family representative confirmed on Tuesday. Mellon, the ex-husband of Jimmy Choo co-founder Tamara Mellon, was attending rehab in Mexico at the time of his
See Original Article

Western Innovator: A new market for landrace grains

Scheuerman co-founded Palouse Heritage with his brother, Richard, seven years ago, and incorporated in 2014. … The company also has a 30-acre seed farm, and three other farmers grow for the company, for a total of roughly 100 tons produced on 100 acres, … Title: Co-founder, Palouse Heritage.
See Original Article

San Antonio home sales and prices keep climbing

The local housing market became even hotter in March, making life more difficult for buyers as prices continued to rise and the supply of homes on the market stayed extremely tight. Last month, 2,770 homes were sold in the San Antonio-New Braunfels metro area, an increase of 6.2 percent over March
See Original Article

Drug Made From Cannabis Plant Gets Backing From FDA Staff

An experimental medication that could become the first drug derived from a marijuana plant approved in the U.S. received a boost from Food and Drug Administration staff. The treatment's maker, U.K. company GW Pharmaceuticals Plc, provided “substantial evidence” of the drug's effectiveness, FDA
See Original Article

Ditech's 2017 loss included fair value and restructuring charges

There was a $28.8 million fourth-quarter pretax loss from its reverse mortgage business, compared with a pretax loss of $39.6 million in the fourth quarter of 2016. Ditech also had a $91.3 million pretax loss in what was termed the “other nonreportable segment.” This was an increase of $52.8 million and
See Original Article

Banking secretary says Rs 500 notes in shortage, supply recovery may take a week

The Centre has stepped in to play down the panic triggered by a possible cash crunch situation across India. While initial reports suggest that the Rs 2000 notes are vanishing from the ATMs, the Centre on Tuesday said that there is an acute shortage of Rs 500 notes and that it will take about a week to
See Original Article

Ditech Holding Corporation Announces Full Year And Fourth Quarter 2017 Highlights And …

our dependence on U.S. GSEs and agencies (especially Fannie Mae, Freddie Mac and Ginnie Mae) and their residential loan programs and our ability to maintain relationships with, and remain qualified to participate in programs sponsored by, such entities, our ability to satisfy various existing or future
See Original Article

The Rothschild banking dynasty is passing to the 7th generation

Rothschild & Co, one of Europe's oldest banks, has announced the appointment of a new boss. Alexandre de Rothschild, 37, will take over from his father as Chairman of the bank, it was announced on Tuesday. Alexandre will become the seventh generation of the family to take charge of the
See Original Article

Pacific Premier Bancorp (PPBI) Downgraded by Zacks Investment Research to “Hold”

The Company makes Liberator Series loans, which are for the purchase of residential real property by borrowers who generally would not qualify for Fannie Mae or Freddie Mac loans, and Portfolio Series loans, which is debt consolidation loans for borrowers whose credit history qualifies them. “.
See Original Article

Goldman Breaks From Wall Street Pack With Bond-Trading Boom

… focused enough on corporate clients. Chief Executive Officer Lloyd Blankfein has maintained that many of the issues in the company's biggest business are cyclical and would improve with more active markets. Goldman Sachs benefited from a return of volatility to equity markets in the first quarter.
See Original Article

NRA Proves the Need for Campaign-Finance Reform

The National Rifle Association is finished answering questions. That's what the organization told Senator Ron Wyden last week in a letter complaining about Wyden's “time-consuming and burdensome” inquiries into the NRA's ties to Russians. That answer isn't good enough. The NRA's relationship with
See Original Article

The IRS Really Needs Some New Computers

The tax agency's embrace of IBM in the 1950s helped drive down audit rates. It's still depending on the same code. by. Stephen Mihm. @smihm More stories by Stephen Mihm. April 17, 2018, 6:00 AM PDT. 1040 eaters. Photo by U.S. News & World Report Collection/Marion S Trikosko/PhotoQuest/Getty
See Original Article

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.