A New Jersey bank wants millions of dollars from a lender, which allegedly misused its warehouse line of credit to fund ineligible loans and sell those properties to its own employees. Processing Content Provident Bank sued Maryland-based My Mortgage for fraud this week in a New Jersey federal court, seeking at least $9 million for […]
Bank sues lender for fraud for misusing warehouse facility Read More »
President Donald Trump said he is nominating Jay Clayton to be the next director of national intelligence, following backlash over his selection of housing regulator Bill Pulte to serve in the role on an acting basis. Processing Content Clayton, the top federal prosecutor in Manhattan, was chairman of the Securities and Exchange Commission during Trump’s
Trump taps Wall Street top cop Clayton as intelligence chief Read More »
An economy that’s been good for the rich makes shares of high-end homebuilders a better bet than those focused on entry-level buyers, according to one Wall Street analyst. Processing Content Keefe Bruyette & Woods’ Jade Rahmani this week upgraded luxury builder Toll Brothers Inc. to outperform and downgraded broader-based Lennar Corp., saying that the former
Buy Toll, sell Lennar as rich homebuyers outpace first-timers Read More »