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UWM, the largest mortgage lender in the US, lost $603 million due to interest rate bets, with Oaktree providing a $2.05 billion bailout at an annual interest rate of 10%.
United Wholesale Mortgage (UWM) lost $603.2 million on interest rate derivative positions during the three months of this spring, resulting in a net loss of $451.9 million in the second quarter. The c
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UWM, the largest mortgage lender in the US, lost $603 million due to interest rate bets, with Oaktree providing a $2.05 billion bailout at an annual interest rate of 10%.
United Wholesale Mortgage (UWM) lost $603.2 million on interest rate derivative positions during the three months of this spring, resulting in a net loss of $451.9 million in the second quarter. The c
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Capital Injection
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1
White House: President Donald Trump signed a National Security Presidential Memorandum authorizing federal law enforcement to use cyber tools to combat transnational cybercrime
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Donald Trump Announces “Complete & Total Endorsement” of John Rutherford for Reelection in Florida’s 5th Congressional District
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Cream Finance: Offered a bug bounty to an attacker after a flash loan attack in 2021.
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US tech giants issue massive debt to fund AI, unexpectedly pushing up credit risk for "safest companies" with no AI connection
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5
Brazil's largest Bitcoin treasury firm OranjeBTC plans Digital Yield ETF (DIGY11) with 95% allocation to Strategy's STRC
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SpaceX Passes First Lockup Expiry Test With $500 Billion Rally, Easing Wall Street's Concerns Over Potential Flood of Shares After Aug. 6 Expiry
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SK Hynix is investing $720 billion in South Korea to build the world's largest network of memory factories, aiming to meet surging AI demand.
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US government debt nears $40 trillion, with this year's deficit projected at $1.887 trillion and interest payments expected to hit $1.1 trillion.
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US Mortgage Rates Mixed on August 13: 30-Year Fixed Falls to 6.58%, 5/1 ARM Drops to 6.31% Amid Continued Volatility
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10
South Korean court reportedly sentences Delio CEO Jeong Sang-ho to 15 years in prison for defrauding customers of approximately $49.2 million in crypto assets
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