Figure, a blockchain-focused financial service company and Apollo, a global alternative asset manager, announced today completing a transaction involving the origination of digital mortgage loans and transfer of ownership via blockchain technology, according to a press release shared with FinLedger. The companies say the secure process was a “first of its kind” in the mortgage…Continue Reading
As the Federal Reserve raised short-term rates for the first time in years, mortgage rates climbed 31 basis points to 4.16%, according to data from Freddie Mac‘s PMMS survey. “The 30-year fixed-rate mortgage exceeded four percent for the first time since May of 2019,” said Sam Khater, Freddie Mac’s chief economist. “The Federal Reserve raising…Continue Reading
The Senate Committee on Banking, Housing and Urban Affairs confirmed the nomination of Sandra Thompson to serve as the next director of the Federal Housing Finance Agency, sending her nomination to the full Senate. The vote passed 13 to 11, with all 12 of the committee’s Democrats and one Republican voting in favor of advancing Thompson’s nomination. During the…Continue Reading
Anthony Hsieh, founder and CEO of loandepot California-based nonbank lender loanDepot is the target of a new shareholder lawsuit. Investor Tuyet Vu accuses seven top executives and board members, including loanDepot’s founder Anthony Hsieh, of making misleading statements and omitting information in connection with the company’s initial public offering (IPO). LoanDepot debuted in the stock…Continue Reading
On Wednesday the Federal Reserve hiked interest rates 0.25%, which has forced me to raise my second recession red flag on this historic economic recovery and expansion.From the Federal Reserve: Indicators of economic activity and employment have continued to strengthen. Job gains have been strong in recent months, and the unemployment rate has declined substantially.…Continue Reading
With the wide variety of clients out there, you’re bound to run into the occasional DIY marketer. These marketers prefer that you teach them how to be self-sufficient rather than rely on you for every little question. These clients can be a blessing but can also be dangerous. The challenging aspect of client management is…Continue Reading
Google’s principle of E-A-T — which stands for expertise, authority, and trustworthiness — is the search engine’s way of determining the value of content on the web. But, what does it mean for content to reflect expertise, authority, and trustworthiness? “Expertise, for me, is the amount of knowledge you have in a field,” said Kevin…Continue Reading
As a result of sanctions led by the US and EU, the oil price has risen. As the global oil market reacts to Russia’s conflict against Ukraine, national average gas prices continue to rise. Russia’s capacity to sell crude oil, which is a crucial predictor of gas prices, has been hampered by sanctions imposed by…Continue Reading
The Biden administration is planning to consider policies that integrate an amplified estimate for the cost of climate change. This was ruled by a panel of judges this Wednesday, which reverses a federal judge’s ruling passed last month. The said ruling highlights the recent development of the Biden administration; it is an attempt to implement…Continue Reading
A test image from NASA’s Webb Space Telescope shows a spiky star, but the real stars of the show were thousands of ancient galaxies photo-bombing in the background. NASA’s photo release isn’t about what in the picture, but just that the new $10 billion telescope is working perfectly, even better than officials expected.Continue Reading
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