A shareholder is suing Two Harbors Investment Corp. and members of its board over alleged potential violations of the Securities Exchange Act of 1934 tied to the company’s proposed acquisition by UWM Holdings Corp. Shareholder Michael Koblentz claims that Two Harbors submitted “materially incomplete and misleading” information about the transaction’s financial impact in filings with…
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Mortgage credit availability increased in January as lenders modestly loosened underwriting standards, according to data released Tuesday by the Mortgage Bankers Association (MBA). The MBA’s Mortgage Credit Availability Index (MCAI) rose 1.1% from December to a reading of 105.9, signaling slightly easier access to mortgage credit. The index is benchmarked to 100 in March 2012,…
On Monday, PulteGroup announced that Kristin Gannon, Managing Director at Eastdil Secured, will be appointed as a new independent director to its Board, serving on the Nominating and Governance Committee and the Audit Committee. The appointment is effective Tuesday, February 10, and will expand PulteGroup’s Board of Directors from 10 to 11 members. Gannon brings…
Two brokerage defendants in the Cwynar homebuyer commission lawsuit are taking a different tack than many of their fellow defendants in how they’re dealing with the lawsuit. On Friday, The Agency and Realty ONE Group filed a motion to dismiss the Cwynar lawsuit’s first amended complaint. The motion comes after several other brokerages have settled…