UWM bolsters business via debt offering, products
Dec 8, 2024United Wholesale Mortgage has recently taken steps to bolster its financial position. The mega lender announced plans to raise capital...
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Mortgage
Fed study shows how much discount points are driving up costs
Nov 14, 2024Discount points have driven mortgage borrowers’ out-of-pocket costs up 33% in the past few years, a Federal Reserve study finds. ...
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Mortgage
Loandepot returns to profit in Q3, unveils new strategic plan
Nov 6, 2024Loandepot saw its financial wherewithal bounce back into the black in the third quarter, after reporting losses since the beginning...
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Mortgage
FICO predicted to hike costs for mortgage credit scores by up to 50%
Oct 21, 2024Fair Isaac Corp. (FICO) will once again raise the cost of credit scores, several investment firm reports predict. Recent notes...
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Mortgage
New York Community to rebrand corporate identity
Oct 17, 2024A year of upheaval for New York Community Bank is culminating with a corporate name change, as it fully takes...
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Mortgage
Banks confront Helene’s devastation: ‘Worse than it appears on television’
Oct 1, 2024A destroyed building near Mill Creek in the aftermath of Hurricane Helene on Monday in Old Fort, North Carolina.Melissa Sue...
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Mortgage
Mr. Cooper fallout, new regulations: Top mortgage news of August 2024
Sep 3, 2024Homeowners insurance is labeled as one of the hidden costs for property owners, and their escalating prices could have an impact on the...
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Mortgage
UWM-backed study compares wholesale and retail origination savings
Aug 30, 2024United Wholesale Mortgage has shared a study of public data backing its “brokers are better” mantra, sharing some math describing...
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Mortgage
Scotiabank adds JPMorgan exec in warehouse lending expansion
Aug 14, 2024Canada’s Bank of Nova Scotia is set to grow its presence in U.S. mortgage warehouse lending, as it brings on...
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Mortgage
ICE’s Encompass down following CrowdStrike incident
Jul 20, 2024ICE Mortgage Technology’s Encompass loan origination system went down following a global technology outage. By Friday afternoon, many parts of...
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