UWM’s derivatives strategy questioned after $603.2M hedging loss
Eli Karp is accusing his former lawyer of bilking him for a year while shirking his legal duties. The Hello Living developer filed a malpractice lawsuit against attorney Leo Jacobs, whom he accused of failing to get a judge to drop a $16 million judgment tied to a foreclosure of a 55-unit apartment building at…
After a punishing stock slide and a series of setbacks put his mortgage company under new scrutiny, billionaire Mat Ishbia addressed his critics directly. Processing Content “UWM has never been stronger than we are today. Never,” he said in a four-minute video posted to LinkedIn. “From an AI, technology, operations, sales, broker channel — never…
As Nvidia partners with Wall Street firms to mobilize more than $500 billion of third-party capital for AI infrastructure, the increasingly complex financing underpinning the boom is coming under closer scrutiny. Hyperscalers and their financial backers are turning to bond markets, joint ventures, leases and other structures to fund an unprecedented infrastructure buildout. At the…
Altruist, the tech-based custodian founded and run by Jason Wenk, has entered into an agreement to be acquired by financial services and investment giant Vanguard. If the deal goes through, Altruist will continue to operate as a standalone business under Wenk and gain “greater capacity and long-term support to invest in its advisor technology and…
Classroom Published: Wednesday, August 5, 2026, 17:01 [IST] Oftentimes we see that a lot of counterfeit currency is circulating in the market, so it is important to know how to identify genuine Indian currency notes. The Reserve Bank of India has brought multiple advanced security features in the new Mahatma Gandhi Series banknotes to help…
An investment fund managed by Goldman Sachs snatched up a newly built, 397-unit multifamily asset behind Nova Southeastern University in Davie for $154.5M. Modera Academical Village I at 3440 SW 76 Terrace in Davie, Florida Goldman purchased Modera Academical Village I from Mill Creek Residential for nearly $390K per unit, according to property records provided…