United Wholesale Mortgage reveals second quarter financials

The performance was achieved despite significant market pressures against a backdrop of inflation that has hit the mortgage industry hard. Alex Elezaj, chief strategy officer, discussed the results amid such challenges in a telephone interview with Mortgage Professional America. “The whole sentiment over here at UWM is we’re very excited and proud of it, but … Read more

IAG report reveals natural disaster costs on small businesses – Daily – Insurance News

IAG has detailed the impacts of natural disasters on small businesses and called on the government to increase security for regional communities against severe weather events. Its report, titled “The backbone of regional and rural economics: small business and community resilience,” looks at the economic impact of notable events, including the 2019 Townsville floods and … Read more

Delhi: I-T raids on hospitals reveals unaccounted income of Rs 150 cr

The Income Tax Department on Wednesday said it recently carried out search and seizure operations on several groups engaged in healthcare services by running hospitals. A total of 44 premises were covered during the search action in Delhi-NCR. “The search operation has led to the seizure of unexplained cash of over … Read more

Non-prime lender Emporium TPO reveals tie-up with OptifiNow

“We knew OptifiNow had an effective CRM, but their white glove support allowed us to mobilize and scale our sales team faster than we expected,” said Christine Abrams, sales manager at Emporium TPO. “We chose OptifiNow because they are not like other CRM vendors. Every part of our process was mapped and configured into OptifiNow … Read more

UBS reveals its highest conviction stock picks for the rest of 2022

EyeOfPaul UBS surveyed its analysts for stocks with attractive upside vs. downside in volatile markets. “We’ve focused on stocks where we believe our analysts have a truly differentiated view vs. consensus, and where we have interesting or proprietary data sources (from UBS Evidence Lab or elsewhere),” strategist Keith Parker wrote in a note. “From a … Read more

Business Insurance reveals US Insurance Awards finalists

Business Insurance on Friday announced the finalists for the 2022 U.S. Insurance Awards program. Recognizing that major achievements are seldom the work of individuals working in isolation, the awards honor teams of professionals working on specific projects in the commercial insurance and risk management sector. The finalists were selected by senior Business Insurance staff from … Read more

Fannie Mae reveals financial results

The financial report also revealed that it provided $191 billion in liquidity to single-family and multifamily mortgage markets during the second quarter and acquired around 334,000 home purchase loans and 240,000 single-family refinance loans. Regarding rentals, the company financed around 156,000 units of rental housing during the same period, primarily affordable to households earning at … Read more

Tesla Boosts Capital Spending Plan, Reveals New SEC Subpoena

(Bloomberg) — Tesla Inc. increased its capital expenditure plan by billions of dollars after Chief Executive Officer Elon Musk referred to the carmaker’s new factories as “gigantic money furnaces.” Most Read from Bloomberg The revised plan was revealed Monday in a regulatory filing that also disclosed details of the electric-vehicle maker’s Bitcoin sales and another … Read more

FCA reveals dire outcome of disorderly net-zero scenarios

The Financial Conduct Authority (FCA) has presented a range of regulatory and operational strategies for three different long-term climate scenarios. They were introduced today (19 July) in the regulator’s first climate-related financial disclosures. The three scenarios were proposed by the Network for Greening the Financial System. They include net zero 2050–orderly scenario, divergent net zero, … Read more

Ready Capital reveals robust origination activity

Last month, the company closed Ready Capital Mortgage Financing (RCMF) 2022-FL9 LLC, a $754.2 million CRE CLO, officials noted. RCMF consists of 25 first-lien floating rate loans originated or acquired by the company secured by 75 properties comprising 95.7% multifamily, 3.0% self-storage and 1.3% industrial across 13 states. Read more: Ready Capital and Anworth unveil … Read more