CrossCountry Mortgage’s purchase of Two Harbors Investment is delayed because the parties are still waiting on the approval from one state. Processing Content The transaction was scheduled to close on Aug. 3. Because of the delay, the stub dividend payment needs to be recalculated. All other state regulatory and agency approvals have been received, a […]
Two Harbors-CrossCountry deal delayed due to one approval Read More »
Key insight: Mark Paoletta automatically became acting director on Saturday, due to Russell Vought’s term expiring. What’s at stake: Paoletta is expected to be a placeholder while the Senate considers President Trump’s nominee Brian Johnson to lead the agency permanently. Forward look: Johnson, a CFPB official during Trump’s first administration who now works for Capital
CFPB gets another acting director as OMB’s Vought exits Read More »
JPMorgan Chase is embarking on an ambitious multi-year program to boost housing supply and affordable lending through 2035. Processing Content The New York-based banking giant unveiled the plan on Monday, which stands as a key pillar of its American Dream Initiative to support targeted community investment. The bank expects to issue more than $750 billion
JPMorgan Chase pours in $750 billion for affordable housing Read More »