Angel Oak Mortgage names Sreeni Prabhu CEO in leadership change

Angel Oak Mortgage, a real estate investment trust active in the acquisition and securitization of non-QM loans, appointed Sreeni Prabhu CEO and president.  He takes over from Roger Williams, effective immediately. Prabhu, who is also a co-founder, managing partner and group chief investment officer of sister company Angel Oak Capital Advisors, will serve in his … Read more

Solar projects awarded before customs duty change allowed cost pass-through

Solar power projects awarded before the basic customs duty (BCD) on imported equipment kicked in have been allowed by the government to pass on the additional cost of procuring expensive cells and modules. The government imposed 25 per cent BCD on imported solar cells and 40 per cent on imported modules from … Read more

How to change biometric information in Aadhaar card: A step-by-step guide

The Unique Identification Authority of India (UIDAI), the statutory authority under the government of India, has asked Aadhaar users to voluntarily update their biometric information every 10 years. At present, children between the age of 5 and 15 years are required to update their biometrics for Aadhaar cards. Residents whose … Read more

BoE ‘will not hesitate to change interest rates’ as pound falls

The Bank of England (BoE) has said it “will not hesitate to change interest rates as necessary to return inflation to the 2% target sustainably in the medium term, in line with its remit”. BoE governor Andrew Bailey says the Monetary Policy Committee (MPC) will make a full assessment at its next MPC meeting on … Read more

India’s climate change takes a toll on the dragonflies, says report

The dragonflies and damselflies have started laying eggs before the onset of winter, which will put them in hibernation, says Faiyaz Khudsar, lead scientist in charge of the week-long survey of the odonata species. Erratic rainfall over the past week has caused them to misinterpret the weather and thereby alter their life … Read more

InsureTech Connect focuses on tech impact, industry change

LAS VEGAS – Growth and change were key topics of discussion Tuesday morning at the InsureTech Connect Conference, as speakers mused about the ways technology has influenced the commercial insurance sector. “We’ve come a long way since 2016,” said Bill Harris, vice president and chief revenue officer of InsureTech Connect for Clarion Events in Columbia, … Read more

LHC Group, One Medical tick higher after judge denies DOJ block of Change Healthcare deal

jetcityimage LHC Group (NASDAQ:LHCG), which agreed to a $5.4 billion sale to UnitedHealth (UNH) in March, rose 1.1% after a judge denied the DOJ’s request to block UNH’s purchase of Change Healthcare (NASDAQ:CHNG). LHCG moved in sympathy with Change Healthcare (CHNG), which climbed 6.4% on Tuesday, as investors may feel more confident that the the … Read more

Change Healthcare jumps after judge denies DOJ request to block UnitedHealth deal

jetcityimage Update 8:15pm: Adds UnitedHealth comment. Change Healthcare (NASDAQ:CHNG) popped 8% in after hours trading after a judge denied the U.S. Dept. of Justice’s request to block its sale to UnitedHealth (NYSE:UNH). Judge Carl Nichols also ordered UnitedHealth (UNH) to divest its ClaimsXten business to TPG Capital as proposed, according to a copy of the … Read more

capital markets summit: Refreshing change: Setting of new standards underway at Sebi

The recently concluded Capital Markets Summit of FICCI, hosted several regulators and policy makers as speakers. In the last several years that I have been hosting this conference, this year we have witnessed an energising and engaging change in the regulatory approach. The change was stark and significant. There was a clearly laid out direction … Read more

Change Lending preps $465 million non-QM securitization

Change Lending preps $465 million non-QM securitization | Mortgage Professional Specialty Non-Prime CDFI lender is set to issue its largest non-QM MBS offering California-based Change Lending, which provides financing to low-income and underserved borrowers, is prepping a $465.1 million securitization backed by non-qualified mortgages, its biggest offering yet. The transaction comprises “no ratio” loans or … Read more