Trump says furor over Powell probe won’t delay Fed pick

(Bloomberg) — President Donald Trump said he would announce his nomination to replace Federal Reserve Chair Jerome Powell within “the next few weeks” despite the backlash over a Justice Department probe into the remodeling of the central bank’s headquarters that has threatened his ability to secure a confirmation. Processing Content Trump was asked about his […]

Trump says furor over Powell probe won’t delay Fed pick Read More »

Hallmark Home Mortgage accused in Ponzi scheme lawsuit

A new racketeering lawsuit claims two Hallmark Home Mortgage employees aided a homebuilder in a construction Ponzi scheme that affected hundreds of customers.  Processing Content Florida resident Reynel Suarez named the lender and its parent, Fairway Home Mortgage, among a dozen defendants in his class action late last month. The plaintiff says Hallmark disbursed millions

Hallmark Home Mortgage accused in Ponzi scheme lawsuit Read More »

nmn011326-newrez.png

Newrez announces plan for crypto in originations

One of the country’s leading mortgage lenders is moving into crypto, allowing borrowers to submit digital holdings as assets to be considered when applying for certain home loans.  Processing Content National lender and servicer Newrez announced it will begin to recognize and accept cryptocurrencies in February across its Smart Series suite of nonagency products without

Newrez announces plan for crypto in originations Read More »