Purchasing Power partners with employers to offer employees funds for purchases of appliances, electronics and furniture. The firm doesn’t charge interest on the loans. Instead, prices on the items are marked up.

Buying 5% to 6% bulk MSRs in the secondary market might seem like a crazy idea given the prepayment risks involved. But the longer mortgage rates stay higher, the more it looks like a smart move.

Many of the problematic provisions in UWM’s employment contracts are common in the mortgage industry.

The Mortgage Bankers Association took Treasury Secretary Janet Yellen’s remarks as an opportunity to reiterate industry concerns about the Basel III endgame proposal.

San Diego-based Guild Mortgage said it’s buying origination assets from one of Utah’s largest lenders. Given the recent jump in interest rates, some believe the “roll-up” of shops is just getting started.

Jillian White, CEO of Appraisal Insights, called for the elimination of the supervisory-trainee program.

Federal agencies aren’t immune from civil monetary penalties for Fair Credit Reporting Act violations, the Supreme Court ruled last week.

Consumer complaints filed with the CFPB against the financial services industry increased in all most categories in the fourth quarter of 2023. (Includes two data tables.)

The banking industry has come under criticism from consumer groups for filing a lawsuit against the new Community Reinvestment Act standards.

The new disclosures on compliance findings from bank exams in 2022 include the nature of the violations, mistakes and risk mitigants.