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.
Origination
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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.
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).
VantageScore mortgage usage plunged 42% in 2024
VantageScore credit score usage by the mortgage industry dropped in 2024, ahead of widespread changes expected in credit reporting in the coming years.
ESG team at Fannie Mae has been terminated: sources
Multiple sources told HousingWire that the terminations took place on Friday, following a series of moves designed to limit DEI.
The nation’s largest mortgage lenders are only getting bigger
Inside Mortgage Finance (IMF) data for the first quarter of 2025 was released this week. The numbers show little movement in the composition of the top 10 originators, but there is significant volatility in sales volumes on both a quarterly and yearly basis.
BofA, Citi warn of slower growth ahead as mortgage business softens
Bank of America and Citi reported lower mortgage production between Q4 2024 and Q1 2025 — and conditions ahead could remain challenging.
Mat Ishbia’s unfiltered thoughts on the Rocket-Mr. Cooper deal
What does UWM’s Mat Ishbia think about Rocket Companies’ pending $9.4 billion deal for Mr. Cooper? “It’s fantastic,” he said.