Public Citizen, a consumer advocacy group, has asked the Federal Elections Commission to investigate alleged violations of campaign finance laws by Freddie Mac's top lobbyist and a Republican fund-raising firm, although the complaint does not accuse Freddie Mac, as a corporate entity, of such violations.According to the complaint, during the 2002 election cycle, Mr. Delk hosted 45 fund-raising events for federal officeholders and candidates, many with direct oversight over Freddie Mac. A statement released by Public Citizen says Mr. Delk paid "significantly discounted prices" for the fund-raising events, "the low balling of which kept Delk's total contributions within federal limits." Mr. Delk used Epiphany Productions of Virginia, a Republican fund-raising firm, to organize the events. A Freddie spokeswoman said Mr. Delk hosted the events "as a private citizen, not on the behalf of our company." She added that Freddie Mac does not feel he violated any campaign finance laws in regard to the fund-raisers. As of MortgageWire's deadline Friday, neither Mr. Delk's attorney, Jan Baran, nor Epiphany could be reached for comment.
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Consumer advocacy group Better Markets filed a lawsuit in federal district court Thursday claiming the Federal Reserve's top regulator coached bankers on how to comment on proposed capital rules in "secret meetings."
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From higher immediate pricing to long-term impacts on the housing market, originators are assessing what the rise in the 10-year Treasury yield means.
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Atlas VMS acquired CloseClear.ai to help lenders prevent post-appraisal GSE buybacks. The tech continuously matches active pipelines against live disaster maps to plug closing blind spots.
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BTIG is predicting mortgage origination volume for loanDepot, PennyMac Financial Services, Rithm, Rocket Cos., and UWM Holdings combined will be 5% lower than the industry consensus for the third quarter.
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Cyber policies must keep pace with a surge in incidents fueled by AI, as well a growing trend toward account takeovers.
September 9 -
Researchers showed a message with no return address slips past Reject Direct Send. Credit unions were told to close this kind of gap in 2021.
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