United Wholesale Mortgage is suing nearby rival Towne Mortgage in a rare theft of trade secrets case from the industry’s largest lender. The lawsuit filed in January accuses nine former UWM account executives of taking trade secrets, including broker partner information, to Towne. The competing retail and wholesale lender and servicer last month denied the […]
UWM sues nearby rival Towne Mortgage for poaching Read More »
Treasuries fell for a second day, pulled lower by a selloff the UK bond market, as traders shifted their attention to a report on the US jobs market on Thursday. Yields rose across most maturities with 30-year Treasuries climbing seven basis points to a session high of 4.83% in morning trading in New York. The
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Adobe Stock The Consumer Financial Protection Bureau has scrapped a $95 million settlement with Navy Federal Credit Union, freeing the nation’s largest credit union from paying a $15 million fine and from refunding $80 million to service members who were illegally overcharged overdraft fees. Acting CFPB Director Russell Vought on Monday terminated the consent order
CFPB drops Navy Federal’s $95 million overdraft settlement Read More »