United Wholesale Mortgage plunges 40%; suspends dividend, raises capital

United Wholesale Mortgage plunges 40%; suspends dividend, raises capital

United Wholesale Mortgage at the NYSE, January 22, 2021 Source: The New York Stock Exchange Shares in UWM Holdings, parent of United Wholesale Mortgage, plunged 40% Thursday after the biggest U.S. mortgage lender suspended its dividend and raised fresh capital. UWM announced a $2.05 billion equity investment from Oaktree Capital Management and SFS Group Capital…

Read More
Fed Governor Cook says she's 'prepared to act' on rate hike to address inflation

Fed Governor Cook says she’s ‘prepared to act’ on rate hike to address inflation

Federal Reserve Governor Lisa Cook speaks at the Stanford Institute of Economic Policy Research in Palo Alto, California, U.S., May 27, 2026. Ann Saphir | Reuters Federal Reserve Governor Lisa Cook said Wednesday that she’s ready to support an interest rate hike unless the inflation numbers improve. “Inflation is too high, and I consider the…

Read More