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Industry News
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Mar 26, 2024
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Mar 18, 2024
U.S. Non-Bank Mortgage Lenders Surge Amid Industry Consolidation, Fitch Ratings Reports
As smaller players exit the market, scaled originators like UWM and PennyMac Financial dominate, but challenges persist with low origination volume and pressured margins amidst rising interest rates.
Mar 14, 2024
Mar 14, 2024
Guild Mortgage Reports Net Loss In 2023 Amid Acquisition Spree
San Diego-based lender reports net loss for 2023 despite aggressive growth strategy.
Mar 13, 2024
UWM to Cover Upfront Costs of Credit Pulls for Broker Partners
UWM's move comes amid rising credit report charges, providing relief to LOs.
Mar 13, 2024
loanDepot's Losses Mount, Despite Optimisim
Net losses for the fourth quarter totaled $59.8 million – a 43% jump from the third quarter “primarily due to revenues decreasing more than the decrease in expenses.”
Mar 13, 2024