Rithm Capital issues $262.3 million non-prime MBS

Rithm Capital issues $262.3 million non-prime MBS | Mortgage Professional Specialty Non-Prime Transaction is backed by 529 non-QM loans Rithm Capital, formerly New Residential Investment, has issued a $262.3 million MBS transaction backed by non-prime residential mortgages. The RMBS deal is collateralized by a pool of 529 newly originated mortgages, 71% of which were categorized … Read more

China pledges over $90 million for flood-hit Pakistan: Ambassador Nong Rong

China has so far pledged over USD 90 million in assistance to Pakistan after the devastating floods, the Chinese envoy to the country said on Friday. Ambassador Nong Rong in a video statement reaffirmed his government’s continued support to Pakistan to help flood-affected people. Since the devastating floods occurred in Pakistan, … Read more

PG&E officials reach $117 million settlement over California wildfires

(Reuters) – A $117 million settlement has been reached with former PG&E Corp. executives and directors who were accused in a lawsuit of lax oversight of the utility’s safety measures prior to the 2017 North Bay and 2018 Camp fires, two of California’s most destructive wildfires. The settlement was announced on Thursday by the PG&E … Read more

India eyes $550 million incentives to woo companies like Apple, Dell

India plans to boost the financial incentives for manufacturers that make tablets and laptops in the country, wooing companies such as Apple Inc. and Dell Technologies Inc. as part of its bid to challenge China as a production base. The federal technology ministry has floated the revamped program to electronics industry executives … Read more

HP Enterprise to Pay $8.5 Million to Settle Gender Pay Gap Suit

Hewlett Packard Enterprise Co. agreed to pay $8.5 million to resolve a lawsuit that alleged it pays female employees less than their male counterparts. The settlement funds, minus attorney fees and expenses, will go to 1,735 women who worked in the company’s California offices since 2015, lawyers for the women said in a filing in … Read more

Michigan Farmer to Pay $1.2 Million Settlement Over Crop Insurance Fraud

Gaylord D. Lincoln and G. Lincoln Farms, LLC, located in Springport, Michigan, have agreed to pay $1,200,000 to resolve allegations that they violated the False Claims Act by causing the submission of fraudulent claims for federal crop insurance and federal farm benefit payments. The settlement amount was negotiated based on the defendants’ ability to pay. … Read more

Smithfield Foods to pay $75 million in pork price-fixing settlement

(Reuters) — Smithfield Foods Inc. has agreed to pay $75 million to settle a lawsuit by consumers who accused the meat producer and several competitors of conspiring to inflate prices in the $20 billion-a-year U.S. pork market by limiting supply. A preliminary settlement in the antitrust case was filed Tuesday night with the federal court in Minneapolis and … Read more

The Real Brokerage lands $1.25 million deal to acquire LemonBrew Lending

The deal is said to give Real “the option to expand its mortgage platform” and execute its “strategy of developing a seamless end-to-end home buying experience.” The brokerage currently does business in 44 states and the District of Columbia and two Canadian provinces with over 6,000 agents. As part of the acquisition, LemonBrew CEO Samir … Read more

formal sector: India’s formal sector employment jumps by 0.4 million in January-March quarter

India’s formal sector employment moved up marginally by 0.4 million in the January-March quarter of 2022 with the total number of workers employed across nine sectors at 31.8 million compared to 31.4 million in the third quarter of 2021-22, the labour ministry said in its quarterly employment survey released on Tuesday. As per the survey … Read more

Embassy REIT block deal: Kotak Realty Fund invests $200 million in Embassy REIT through block deal

MUMBAI: Kotak Realty Fund has invested $200 million or Rs 1,600 crore in India’s maiden Real Estate Investment Authority (REIT) Embassy Office Parks REIT. The fund has picked up stake in the REIT through a block deal that took place in early trade this morning, said persons with direct knowledge of the development. The transaction … Read more