Author name: Ricky Vasquez

Unlicensed vendor fines highlight third-party buyback risks

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Washington State officials fined a global mortgage services provider for unlicensed activity, pointing to the potential risks posed to lenders by third-party vendors amid still-ongoing consumer regulatory scrutiny.   Processing Content 3N Performance, a technology services advisory and workforce solutions outsourcing firm, agreed to a consent order and a $75,000 fine from the Washington Department of […]

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Michael Barr

Fed’s Barr noncommittal on September rate hike

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Federal Reserve Gov. Michael Barr.Bloomberg News Processing Content Key insight: Federal Reserve Gov. Michael Barr, a voting member of the Federal Open Market Committee, said Tuesday inflation has been too high, but said he would not commit to any specific action until he sees more data. Expert quote: “With inflation above-target for a protracted period,

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Global bond selloff sends yields to the highest level since 2008

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Global bond yields climbed back to the highest level in almost two decades on Tuesday, as rising oil prices stoked inflation concerns and investors ramped up expectations for interest-rate hikes.  Processing Content The move started on Friday after Federal Reserve Chairman Kevin Warsh doubled down on his vow to finally tame inflation, and has extended

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