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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.

Mortgage rates remain high, but buyers are wading into the market

National housing company hires new leadership and bolsters workforce.

New listings are up 21% annually, evidence of rate lock weakening.

Change Lending, a CDFI, obtains membership approval from FHLB-SF after meeting all statutory requirements.

San Diego-based lender reports net loss for 2023 despite aggressive growth strategy.

UWM's move comes amid rising credit report charges, providing relief to LOs.

Annual uptick reflects shifting dynamics in housing market: while some states witness decreases, others experience notable increases; South Carolina, Delaware, and Florida top foreclosure rates nationwide.

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.”