UWM CEO Mat Ishbia highlights “operational profitability” as a $337 million write-down in fair value of mortgage servicing rights drives a $138.6 million first-quarter loss. Continue reading
Ishbia, majority owner of the Phoenix Suns, was knocked over by Nuggets’ star Nikola Jokic in a play that headed his way, for which he was given a technical foul. Continue reading
The nation’s biggest mortgage lender is planning to hire 500 people and is holding a job fair Saturday just days after a Bloomberg News expose of alleged drug use, discrimination and harassment. Continue reading
Companies said that instead of laying off workers, they’re trimming their payrolls through attrition or by offering voluntary buyouts. Continue reading
CEO Mat Ishbia says aggressive “Game On” pricing is still in place, but acknowledges wholesaler is seeking to boost profit margins in 2023. Continue reading
Homebuyers can put as little as 5 percent down when taking out a new construction loan, with one closing and an optional float-down to secure a lower interest rate, according to United Wholesale Mortgage. Continue reading
A trade group representing mortgage brokers launched a political action committee and more than doubled its spending on lobbying in 2022. Continue reading
The industry dodged a meltdown, but skyrocketing mortgage rates fueled a rush to “right size” and helped crown a new leader in mortgage lending. Continue reading
The Suns and Mercury deal, valued at $4 billion, sets the stage for the nation’s largest mortgage lenders, United Wholesale Mortgage and Rocket Mortgage, to be court rivals. Continue reading
United Wholesale Mortgage says it’s attracting not only homebuyers, but mortgage originators, by slashing rates and offering the latest technology to build market share. Continue reading