CEO Marco Fregenal says company will use proceeds to “invest in sales and marketing initiatives, pursue strategic opportunities that enhance our platform and support ongoing operations.” Continue reading
The FTC and Department of Justice are expected to scrutinize the impacts of the deal — which would give the merged companies a combined market share of 18 percent Continue reading
EMJ Capital’s founder posted a thesis on X that Better Home & Finance is “the Shopify of mortgages” with the potential for AI to boost capacity and fuel explosive growth. Continue reading
UWM and Pennymac are pricing jumbo mortgages of up to $819,000 as if they were conforming, ahead of an official announcement by Fannie and Freddie’s federal regulator in November. Continue reading
At $2 per share, the latest offering of three million shares is priced nearly three times higher than a March raise, when the North Carolina-based real estate brokerage was flirting with delisting. Continue reading
Lower courts have ruled Cook can continue to serve on the central bank’s board while she challenges the Trump adminstration’s move to fire her over unproven mortgage allegations. Continue reading
Recent Trump appointee Stephen Miran was the lone dissenter in Wednesday’s 11-1 vote, holding out for a bigger, 1/2 percentage point rate cut advocated by the president. Continue reading
Homebuyer loan applications flooded in last week at the second-highest level of the year. Demand for adjustable-rate mortgage loans is at the highest level since 2008. Continue reading
A new $100 million credit facility with Texas Capital Bank will enable loans to be originated by a third-party, then securitized and sold to investors in non-qualified mortgages. Continue reading
Trump appointee Stephen Miran confirmed as Fed governor in 48-47 Senate vote, but appeals court upholds ruling that Lisa Cook can stay on board while she contests legality of removal order. Continue reading