Mercer Savings Bank

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Law and legal issues

Client Direct Mortgage's owner says UWM suit violates his free speech

In a motion to dismiss UWM's suit, Ramon Walker argues the trademark infringement claim made by UWM is a "pretext to muzzle [his] criticism."

By Maria Volkova

1h ago
Banking Crisis: One Year Later

New details on rush of Home Loan bank borrowings at three failed banks

The Federal Home Loan Bank System stepped up advances by 37% or more to Silicon Valley, Signature and First Republic banks ahead of their failures, the GAO says in a post-mortem on last year's banking crisis. The findings add to the debate about whether the system should be a lender of last resort.

By Kate Berry

1h ago
Secondary markets

Fannie Mae's new mortgage-scoring system aims to lift MBS demand

Greater availability of data can make it more attractive to buy MBS with loans to underserved borrowers, translating into lower interest rates for those mortgages.

By Scott Carpenter

2h ago