United Wholesale Mortgage surprised the market Tuesday afternoon with its second quarter earnings featuring a hedge-related net loss and a major investment.  Processing Content The wholesale leader announced a $2.05 billion equity capital investment by Oaktree Capital Management and the Ishbia-family owned SFS Group Capital, a new investment vehicle. That will be used, among other […]

Key insight: Upstart expects to move most or all of its loan originations into the national bank it plans to open in early 2027, taking that work from the banks that serve as lender of record today. What’s at stake: Upstart paid its originating banks $11.2 million in premium and trailing fees in the first

Key takeaway: Industry advocates believe the proposed rule changes are game-changers that could result in the formation of new mutuals, while also convincing some credit unions to consider switching charters. Forward look: The Federal Reserve is accepting comments on the proposed changes through Oct. 5. Expert quote:  “This is smart regulation and largely well thought-out,”