Community lenders want more flexibility over employee compensation, closing-cost estimates, down payment assistance, and federal supervision of smaller IMBs

The structured-finance data provider’s first employee succeeds Rahbar following more than a decade with the company

Fitch downgraded the wholesale giant after leverage reached 6.1x, saying the preferred investment changes UWM’s funding structure but does not immediately reduce its debt burden

Payrolls declined in July and previous gains were revised sharply lower, giving the Fed breathing room while raising new concerns about borrower confidence and mortgage-industry employment

Funded loans increased 14%, twice the growth rate of Mortgage Suite revenue, while preliminary Autopilot results showed better pull-through and 4.5 hours of automated work per loan

The lender is concentrating on wholesale, consumer retention, and servicing while handing off distributed retail and preparing for more than $65 million in annual technology savings

The company expects to begin purchasing fixed-rate HELOCs from correspondent lenders during the third quarter