Industry News
Coming Up:
NAR Reaches $418 Million Settlement
The association agreed to give home sellers the option of compensating agents.
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.
Guild Mortgage Reports Net Loss In 2023 Amid Acquisition Spree
San Diego-based lender reports net loss for 2023 despite aggressive growth strategy.
UWM to Cover Upfront Costs of Credit Pulls for Broker Partners
UWM's move comes amid rising credit report charges, providing relief to LOs.
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.”
Blake Bianchi - The Futurist
In less than 10 years today’s guest went from high end retail to high tech mortgages.
CFPB, HUD Risk Litigation Over Fair Lending Enforcement
Listen to the Mortgage Banker Magazine March 2024 cover story.
