Tag Archives: uwm

Billionaires brawl as everyone else just tries to get by: The Download

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As mortgage heads from UWM and Rocket fight it out in the press, it seems like both agents and consumers are just wondering how they’re going to pay the bills. Continue reading →

RE/MAX’s Motto Mortgage out to re-up original franchise owners

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Most new franchisees signing up for Motto’s “mortgage brokerage-in-a-box” solution are real estate brokerages and teams that aren’t affiliated with RE/MAX. Continue reading →

United Wholesale Mortgage defends its business practices

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Citing recent court victories, UWM says, “It is not uncommon nor illegal for a broker to send most or all of their business to a specific lender.” Continue reading →

UWM CEO Mat Ishbia claims Rocket Mortgage behind attacks

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Hunterbrook Media founder dismisses Ishbia’s take as “baseless conspiracy theory”, while Rocket says it and founder Dan Gilbert have no financial interests or relationship to Hunterbrook. Continue reading →

Nation’s largest mortgage lender shorted by Park Avenue hedge fund

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United Wholesale Mortgage denied explosive allegations that many mortgage brokers who send it business aren’t shopping around for best deals. UWM dismissed a related lawsuit as “a sham.” Continue reading →

Gold Star taps Loanscape to streamline broker onboarding

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Counterparty risk and oversight platform provider Loanscape says customizable questionnaires and document requests allow lenders to automate up to 80 percent of the workflow when onboarding mortgage brokers and correspondents. Continue reading →

UWM’s best year for purchase loans also produces $69.8M loss

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The nation’s biggest mortgage lender posts its first annual loss since going public in 2020, largely driven by $854.1 million in write-downs of mortgage servicing rights. Continue reading →

House Hacking spiked amid COVID. In 2024, it will be a household name

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Last month, Fannie Mae lowered its down payment minimum for some properties, clearing a path for investors like Alejandro and Jessicas Cuevas, who bought in Chicago with hacking in mind. Continue reading →

First-timers ‘significantly’ less satisfied with mortgage lenders

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Homebuyers don’t just want good rates, they want lenders to solve problems that will keep them from getting to the closing table, J.D. Power finds. Continue reading →