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Top-producing loan officer pleads guilty to bank fraud
Former top producer Christopher J. Gallo has pleaded guilty to a federal fraud charge for allegedly falsifying loan documents during the recent market heyday. Processing Content Gallo pleaded guilty to a single count of conspiracy to commit bank fraud in a hearing before a New Jersey federal judge Wednesday. By pleading guilty, federal prosecutors have…
Building Pace Impacting Median Rents as Multifamily Construction Boom Continues
In June, the median monthly rent requested across the 50 largest metro areas decreased to $1,692, representing a decline of 1.5%, or $25, compared to the previous year. This reduction signifies the 35th consecutive month of year-over-year decreases, as a prolonged boom in multifamily construction continues to exceed national demand, as reported in the Realtor.com…
Can Walmart help the Fed harness real-time U.S. economic data? We’re about to find out.
The Federal Reserve named a former Walmart CEO to a task force to develop contemporaneous data on spending, inflation and growth.
New Mexico court orders Meta to pay $567 million for teen mental health fund
New Mexico court orders Meta to pay $567 million for teen mental health fund
What does unlimited sum insured mean in health insurance? Here’s what it covers and what policyholders should know
As healthcare costs rise, having health insurance does not necessarily mean a policyholder is fully protected from a large medical bill. A fixed sum insured can get exhausted during an expensive hospitalisation or multiple treatments in the same policy year. This is where health insurance policies offering an ‘unlimited sum insured’ come in. But ‘unlimited’…
