Rocket Pro Launches $100K Broker Tech Pitch Contest
The winning idea will be built into a Rocket Pro technology product and unveiled at RPX in Detroit
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Katie Jensen
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Housing Groups Sue To Block CFPB’s ECOA Overhaul
Lawsuit challenges both CFPB’s fair lending rollback and Vought’s authority to lead the bureau
House Passes Amended 21st Century Road To Housing Act
The House version softens a controversial provision aimed at large institutional investors
The Liquidity Squeeze In FHA Servicing
The long tail of loss mitigation is now coming into view as FHA’s post-pandemic relief tools give way to repeat defaults, exhausted options, and a swelling foreclosure pipeline
NMP
Two Harbors Delays Shareholder Vote As Fight Between CrossCountry, UWM Intensifies
Shareholder vote pushed to May 28 as lawsuit raises new questions over CrossCountry deal
Rocket Sues UWM, Alleging MSR ‘Clawback’ Campaign Violated Non-Solicitation Agreement
Rocket claims UWM sold Mr. Cooper servicing rights, then allegedly used broker incentives and refi tools to target the same borrowers
Loan Factory Partners With Pylon To Automate Originations And Bypass Wholesale
Partnership brings Pylon’s automated mortgage infrastructure to Loan Factory’s 2,500 Originators
Rocket Pro Adds Non-QM Firepower To Broker Power Play
May’s “Power Play” keeps April’s purchase push alive while expanding Non-QM flexibility
Fawaz, Ishbia Discuss Origna8; Equity Smart CEO Challenges Neutrality
Broker owner Pablo Martinez raises concerns about lead flow neutrality and lender influence
Edge Home Finance Deal Was Shaped By Bidding Process, Advisor Says
New details reveal multiple suitors and a structured sale behind the brokerage’s new private equity partnership