Emily Flitter

(Bloomberg) -- For months, US banking executives fretted that President Donald Trump was poised to conscript their workforces in a sweeping crackdown

Big markups and double-digit interest rates are the bedrock of Byrider’s business model.

It’s turning into a significant test for mortgage billionaire Mat Ishbia and an industry dramatically reshaped by the financial crisis.

(Bloomberg) -- Mat Ishbia's frustration was boiling over. The billionaire chief executive was trying to salvage a deal he described in February as

A handful of lawsuits call into question some of the business practices that have fueled both UWM’s dominance and Ishbia’s fortune.

After months of delay and drama, shareholders of mortgage servicer Two Harbors Investment Corp. voted to approve a merger deal with CrossCountry Mortgage Thursday. The preliminary vote was a blow to Mat Ishbia’s UWM Holdings Corp., which was also courting Two Harbors as an antidote to its severe stock slide.

Nonprofit organizations sued the Department of Housing and Urban Development on Thursday claiming officials there had made it virtually impossible to access funds Congress said should be spent protecting vulnerable people against housing discrimination, according to a complaint filed in Massachusetts federal court.

Shares in United Wholesale Mortgage fell by a record 49% Thursday, after the country’s biggest mortgage lender announced a net loss of $452 million and suspended its dividend for the first time.

Shares in United Wholesale Mortgage fell by a record 49% Thursday, after the country's biggest mortgage lender announced a net loss of $452 million and suspended its dividend for the first time.

After a punishing stock slide and a series of setbacks put his mortgage company under new scrutiny, billionaire Mat Ishbia addressed his critics directly.