Better Markets has alleged that a Federal Reserve board member interfered with the Basel III rulemaking process by secretly meeting with bank executives to influence their support for the proposals.

The Mortgage Bankers Association argued that New Jersey’s disparate- impact rule forces lenders to choose between conduct federal law prohibits and potential liability under state law.

UWM accused Two Harbors executives of subversion, inaction and lies to stop its planned acquisition of the real estate investment trust.

Democratic state attorneys general argued that the final rules exceed limits Congress placed on OCC’s ability to preempt state laws.

A Michigan court held United Wholesale Mortgage in civil contempt and ordered the company to present its CEO for a deposition as part of an ongoing lawsuit regarding the company’s “all-in” initiative.

The appeals court noted that California law allows employees to “make some preparations to compete” with an employer, but the law doesn’t authorize an employee to transfer their loyalty to a competing company.

Critics say the FHFA director is woefully underqualified to lead national intelligence. The impact on FHFA is also unclear.

Two Harbors seeks cash-only offer from UWM; Capital One executive nominated for director of CFPB; SPS settles servicing issues with California; First Federal selling third-party origination business to Mortgage Forward; Sunflower Bank and OceanFirst sell multifamily assets.

Rocket claims prepayment rates on the loans bought as part of UWM’s MSR deals are roughly 2.5 times greater than prepayment rates for comparable pools and resulted in nearly $100 million in damages.

The delay signals that CrossCountry Mortgage will have to increase its bid price, according to analysts tracking the battle for Two Harbors.