Senate Committee Approves Powell for Fed Job

Dec 05, 2017

President Trump’s nomination of Jerome Powell to become the next chairman of the Federal Reserve is being sent back to the Senate Banking Committee for a second vote on Jan. 17

The Senate Banking Committee overwhelmingly approved President Trump’s nomination of Jerome Powell to become the next chairman of the Federal Reserve.

The bipartisan vote was 22-1 in favor, with Sen. Elizabeth Warren (D-MA) casting the only negative vote. Warren claimed her belief that Powell would ease financial rules rather than make them stronger. However, Sen. Sherrod Brown (D-OH), the committee’s ranking member, stated Powell “provides our economy with the best chance of continued economic growth.”

Powell’s nomination will go to the full Senate for official confirmation.

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Phil Hall

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Dec 05, 2017

Courts

UWM Seeks More Than $500M From Two Harbors After Failed Deal

Lender alleges Two Harbors undermined their merger and steered the company toward CrossCountry, turning a costly acquisition failure into a federal court fight

The fight over Two Harbors Investment Corp. did not end when shareholders approved its sale to CrossCountry Mortgage.Now United Wholesale Mortgage wants damages.UWM Holdings Corp. and UWM Acquisitions 1 LLC sued Two Harbors in federal court Monday, seeking more than $500 mil...

Wholesale

UWM Offers LOs 90-Bps Incentive On One Agency Loan

Bullseye 90 can be applied to a conventional or government purchase or refinance loan through Sept. 8

United Wholesale Mortgage is giving each loan originator a one-time, 90-basis-point pricing incentive to use on a qualifying agency loan.The wholesaler’s new Bullseye 90 program applies to new locks from Aug. 5 through Sept. 8 on conventional, FHA, VA, and USDA purchase and ...

Sep

San Francisco, CA

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