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While the lender-servicer reported robust Q1 earnings, it is anticipating lower future revenue due to the tight originations environment.

It’s not yet time to position for a recession and investors should instead focus on adjusting asset allocation to surging inflation, according to UBS Global Wealth.

Almost the entire deal will issue notes through a senior-subordinate capital structure repaying principal sequentially, instead of on a modified sequence.

In a recent survey, just over half of community bankers expressed concern that the central bank will harm the U.S. economy by raising rates too fast in its quest to contain inflation.

Carvana raised $3.275 billion through the sale, which priced Wednesday afternoon at par to yield 10.25% and will finance its acquisition of Adesa Inc.’s U.S. car-auction business.

With ADFITECH as a held company now, Mortgage Connect says it is well equipped to be a linear provider of credit, compliance and servicing review services.

The Consumer Financial Protection Bureau director told Congress he will revise some rules as the bureau looks to address late fees.

Annual true-up adjustments—which could be made more frequently as necessary—correct for any over-collection and under-collection of the fixed recovery charges.

Surging interest rates have pushed refinance applications down by over 70% in a year, while ARMs have doubled their share in three months.

An improvement in the trade shortfall any time soon will be difficult as U.S. demand outpaces economic activity in many other countries around the world.