CFPB seeks rescission of pandemic-era mortgage servicing rule
The CFPB says the rule it’s seeking to rescind is no longer necessary due to the end of the COVID-19 national emergency.
Mortgage
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UWM rolls out AI tools to analyze rivals’ offers, virtually assist borrowers
The introductions of LEO and MIA come on the heels of UWM’s stated goal to double its origination volume to $280 billion over the next three years.
ServiceLink expands closing technology
The latest enhancements allow users to schedule closings in real-time with expanded options for online and in-branch appointments.
Redfin stockholder files suit over disclosures in Rocket deal
Redfin shareholders are set to vote on Rocket’s acquisition of the firm next month, but one stockholder has issues with the disclosures.
Lenders witness surge of mortgage demand this week
New American Funding’s Patty Arvielo shared that Tuesday was NAF’s best day for applications in three years. Can it continue?
Rocket shifts focus to integration after Q1 growth in originations and M&A
Lower rates helped Detroit-based Rocket Companies improve its originations in the first quarter of the year, a period also marked by the announcement of two major acquisitions, Redfin and Mr. Cooper.
Longbridge endures Q1 loss, but leaders tout ‘positive contributions’
Longbridge recorded a loss in Q1 but its parent company still remains bullish on its overall contributions to profitability.
loanDepot’s Q1 revenue jumps 23% as Hsieh prepares to take the wheel again
Departing CEO Frank Martell characterized his final quarter of earnings with loanDepot as one of “positive momentum.”
How Rate wants to close its ‘massive gap’ in the non-QM space
The company plans to double production in the segment in 2025. It launched a new suite of products, will be aggressive in pricing and is training LOs.
UWM faces class-action lawsuit over alleged misuse of 401(k) plan assets
Filed Monday in a Michigan district court, the lawsuit accuses UWM of violating the Employee Retirement Income Security Act (ERISA).