Powell’s Fed Nomination Goes Back to Committee

Jan 12, 2018

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.

According to a Reuters report, the committee already approved Powell in a Dec. 5 vote. However, the full Senate failed to vote on the nomination prior to the end of the 2017. As a result, Senate procedures require a second vote before the nomination can continue to the full chamber.

Powell is expected to clear the committee without issue. Republican hold a slender 51 to 49 edge in the full Senate, where a simple majority vote is needed to assure the nomination’s approval.

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Phil Hall

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Jan 12, 2018

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 ...

Nov

Pasadena, CA

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