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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

Platform volume overtook DTC, but costly enterprise integrations have yet to deliver, and new partnership growth is not expected until Q4

The combination would create the sixth-largest publicly traded U.S. homebuilder, while giving Dream Finders a new pool of buyers for its mortgage and title operations

Redfin leads and servicing recapture lowered acquisition costs, while Rocket Pro posted a 0.69% margin amid investments in its Compass partnership

Wholesale lender taps former N2 Funding executive to oversee processing and closing as it targets higher production