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Mat Ishbia, chairman and CEO of United Wholesale Mortgage (UWM), and his brother Justin, are buying 50% ownership of the franchises.
HousingWire Annual is bringing together mortgage, real estate, and appraisal to help our audience develop partnerships.
Nonbanks leaning on MSR sales now face a supply-demand imbalance, which favors buyers and is expected to squeeze margins, especially for smaller players, regardless of whether they sell or retain servicing.
Rocket Pro TPO wants to court brokers from its competitor United Wholesale Mortgage even if it means covering legal costs to bring them over.
Home lender PrimeLending has promoted Kim Dybvad to lead its Mid-America division, months after the workforce quit en masse and joined a competitor.
The DTI ratio is not a strong indicator of a borrower’s ability to repay, and new LLPA changes raise operational challenges for lenders.
Hubacker became an interim principal financial officer at UWM in July 2022 following the death of Timothy Forrester.
The FHFA’s new LLPA rules threaten the very fundamental approach to pricing based on risk and could open the door for a variety of forms of price tinkering in the future, Dave Stevens argues.
Purchase applications fell 10% and housing inventory decreased by 8.664 units last week, according to the Housing Market Tracker.
In mortgage servicing, it’s not about “disruption” for the sake of sounding innovative. It’s about nuanced innovation
Affordability still remains a challenge for many borrowers, many of whom are turning to permanent rate buydowns.