United Wholesale Mortgage investors are accusing the company and its leaders of securities fraud over their public statements, or lack of, regarding the lender’s ill-fated hedge.  Processing Content Shareholder Doug Bond filed a class action lawsuit against UWM Holdings Thursday in a Michigan federal court, seeking to cover investors who bought the company’s securities between […]

Key insight: Reports on retail sales and consumer confidence paint a picture of an economy weakening under the pressure of high prices.  Expert quote: “The economy is highly dependent on consumer spending – close to 70% of GDP can be traced back to it – so it’s a case of be careful what you wish

In the second quarter, private mortgage insurers wrote 21% more new business versus the first quarter and 17% more than one year prior, data aggregated by Keefe, Bruyette & Woods found. Processing Content After the reporting season ended, Bose George raised the earnings targets on four of the five companies he followed, Radian being the