The Federal Reserve Bank of Philadelphia has announced the appointment of Anna Paulson as its new president and CEO, effective July 1. She succeeds Patrick T. Harker, whose 10-year tenure will conclude on June 30, as per Federal Reserve mandatory age and...
The Vitamin Shoppe, a retailer of vitamins and nutritional supplements, has been acquired from the private equity firms Kingswood Capital Management LP and Performance Investment Partners LLC. Headquartered in Secaucus, New Jersey, The Vitamin Shoppe conducts business...
The Department of Housing and Urban Development (HUD) may soon need to find new housing for itself. The department’s headquarters building in Washington, DC, was added to the list of federal buildings designated by the General Services Administration for “accelerated...
Ohio Attorney General Dave Yost has filed a lawsuit against United Wholesale Mortgage (NYSE: UWMC) that accuses the company of “conspiring with brokers to rip off Ohio consumers.” In his lawsuit, Yost – who launched his campaign for Ohio governor in January – alleged...
Ginnie Mae announced that its mortgage-backed securities (MBS) portfolio outstanding grew to $2.73 trillion as of March. The March issuance encompassed $31.4 billion in Ginnie Mae II MBS and $1.7 billion in Ginnie Mae I MBS, including $1.6 billion for multifamily...
A new bill has been introduced in the California legislature that will provide a temporary relief for homeowners impacted by the recent Los Angeles County wildfires. CBS News reports that the “Mortgage Relief for Disaster Survivors Act” would give...
CMBS Delinquency Rate Dips by Single Basis Point
