Author name: Ricky Vasquez

Hilltop’s PrimeLending cuts pretax losses by over 70% in 1Q

PrimeLending, Hilltop Holdings’ mortgage unit (through its PlainsCapital Bank subsidiary) reduced its pretax losses 72% year-over-year. But the parent company gave a warning for the entire organization (including Hilltop Securities) that its future performance in 2026 is likely to be affected by things outside of its control. Processing Content Hilltop cited challenging changes in the […]

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Justice Department to drop Powell investigation

Key insight: The Department of Justice will close its investigation into Federal Reserve Chairman Jerome Powell related to his comments regarding building renovations to the Fed’s Washington headquarters, a probe even many Republicans found baseless.  Forward look: The conclusion of the probe clears the way for Sen. Thom Tillis, R-N.C., to vote to confirm Kevin

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Study finds racial gaps in Wells Fargo mortgage denials

Wells Fargo’s mortgage lending patterns exhibit racial disparities that hurt minority families, multiple activist organizations say. Processing Content The mega bank denied Black, Latino and Asian mortgage applicants roughly twice as frequently as white applicants, according to a new study that analyzed almost 25,000 North Carolina mortgage applications and more than 16,000 loans at Wells

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