A minority shareholder at LoanDepot has called for the company to rethink its management and consider courting acquirers, citing concerns around a long period in which it has traded just above $1 per share. Processing Content Randian Capital also specifically recommended a new approach to the company’s mortgage servicing rights portfolio, which the company reported […]
1999 Vs. 2026: The U.S. Economy Then And Now
There are multiple signs that inflation has peaked, according New York Federal Reserve President John Williams, allowing the Fed to hold interest rates in place despite market expectations for a hike in coming months, CNBC reported. Williams cited five reasons why he expects the latest price surge has run its course in a speech delivered […]
Soybeans are up 5 to 8 cents so far on Wednesday. The cmdtyView national average Cash Bean price is up 6 1/4 cents $11.52. Soymeal futures are down 40 cents to $1 higher, with Soy Oil futures 3 to 14 points higher. The next 7 days are remaining dry for much of the Western Corn Belt according to […]
Annaly Capital (NLY +1.22%) is a mortgage real estate investment trust (REIT). This is a unique niche of the broader REIT sector that is a bit more complex to understand. That said, mREITs often have very large yields, luring in dividend investors that may not understand the risks they are taking on. Annaly Capital’s 13% […]
According to exclusive new research from Rankrate, there’s a very good chance that you’re overpaying for your mortgage by more than $3,300 per year. And, here’s the kicker: Bankrate said it’s completely avoidable. Bankrate’s research found 9 in 10 homebuyers didn’t get the lowest mortgage rate available to them and, as a result, are overpaying […]
Tradeweb Markets Inc. (Nasdaq: TW) has announced a multi-year partnership with professional golfer James Nicholas, tying the electronic trading giant’s brand to an emerging talent on the PGA circuit. The announcement coincides with Nicholas’s debut this week at The Open Championship, commonly known as the British Open, one of golf’s four major men’s championships. Nicholas […]
A Mesa planning board will consider a nearly 268,000 proposed expansion to an existing Boeing manufacturing facility on the east side of Greenfield Road north of McDowell Road. (Photo courtesy of Todd Photographic Services) AZBEX reports the one-story building is proposed as a Boeing Fabrication Center, adjacent to an existing Boeing Fabrication Center totaling 158,000 square […]
Peter Fine, once the city’s biggest affordable housing developer, is looking to sell one of his South Bronx buildings for $70 million. Fine’s Atlantic Development Group has put the 419-unit building at 105 Willis Avenue in Mott Haven up for sale. The 476,000-square-foot building is “located at the cornerstone of the rapidly evolving Mott Haven […]
Key insights: Stripe and Advent International have reportedly offered to buy PayPal for $53 billion. What’s at stake: For Stripe, the acquisition would give it an important avenue into enterprise payments. Expert quote: “While this valuation would represent a meaningful nearly 30% premium to other traditional merchant processors, we do not think PayPal’s new CEO […]