"May 13, 2026" Archives

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Rohit Chopra to head California consumer services agency

California Gov. Gavin Newsom on Wednesday announced the appointment of former federal regulator Rohit Chopra to serve as secretary of the state’s newly created Business and Consumer Services Agency (BCSA). “As the Trump administration turns its back on consumers, we need strong and fearless leaders to keep protecting Californians,” Newsom said in a statement.  The…

Rithm Capital raises $500M in unsecured debt

New York-based Rithm Capital Corp., the parent of multichannel mortgage lender Newrez, on Tuesday priced a $500 million offering of senior unsecured notes due in 2031, marking another step to strengthen its balance sheet following a string of recent acquisitions. Offered exclusively to qualified institutional buyers, the notes carry an 8.5% coupon and are expected…

Two board unanimously rejects UWM bid, calls it ‘predatory’

Two Harbors Investment Corp.’s board unanimously rejected a revised unsolicited acquisition proposal from UWM Holdings Corp, maintaining its recommendation that shareholders approve the company’s pending sale to CrossCountry Mortgage, LLC. In a letter on Wednesday, the New York-based, MSR-focused REIT called the UWM proposal “illusory, predatory and unactionable.” UWM is offering $12.50 per share, with no cap or…

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