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Family of originators behind poaching scheme, lender claims

A pair of billion-dollar originators are sparring over poaching accusations which were allegedly orchestrated by a father and his sons. Idaho-based Premier Mortgage Resources is suing Canopy Mortgage for unspecified damages over a family’s alleged recruitment of their former PMR colleagues, and loans-in-progress, to Canopy. The Utah-based Canopy has asked a Washington federal court to

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‘Most-unloved bonds’ turn routine US auction into crucial test

Global investor pushback against long-term government debt is turning what normally would be a routine US bond auction into one of the most anticipated events on Wall Street this week.  The Treasury is set to sell $22 billion of 30-year government bonds on Thursday, part of its regularly scheduled borrowings. The results, though, will receive

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