Scaling from Freelancer to Business Owner

Judges ruled that Atlantic Trust and District Lending continuing to send loans to UWM after the controversial amendment equates to accepting the ultimatum. View the full article

United Wholesale Mortgage led its industry peers in total origination volume, though Rocket Mortgage and Crosscountry weren't that far behind. View the full article

UWM, embroiled in an us-or-them feud when it comes to business partners working with Rocket, terminated its subservicing and sales deals with Mr. Cooper. View the full article

The company missed analysts' quarterly forecasts on operating earnings per share due to higher mortgage servicing rights amortization and operating expenses. View the full article

The leading lender says its underwriters have already used Google's technology to improve from six loans a day to 14. View the full article

Fairway promotes top producer to national leadership role, NMB adds industry veteran to head sales and operations and Finance of America grows C-suite. View the full article

Mortgage lenders and vendors are waiving fees and enhancing program criteria, looking to reduce costs for borrowers and increase their business. View the full article

The law would have expanded the state's 12% interest rate cap in a manner that would have effectively banned fintech lending in the state. View the full article

The Seattle-based company, which had made home loans for more than a century, announced it was quitting the mortgage business in January. It booked nearly 400 small business loans in the first quarter and expects that total to grow as its team gains traction. View the full article

In a public appearance Thursday, Federal Reserve Gov. Christopher Waller said the Founding Fathers supported independent money management and undoing it now would be a mistake. View the full article

While Sen. Elizabeth Warren, D-Mass., is continuing to try and save the agency she helped create, Sen. Adam Schiff, D-Calif., who benefited from crypto spending in his primary race, is a new ally. View the full article

In comments to reporters, Sen. Elizabeth Warren, D-Mass., underscored what she said was a conflict of interest between Elon Musk's DOGE's actions at the Consumer Financial Protection Bureau and his business interests with X Money. View the full article

Three U.S. agencies lack a "comprehensive, government-wide strategy," according to a report that echoes complaints banks have made for years. View the full article

The San Francisco bank announced Monday that it has shed its fifth regulatory order this year — this one related to loss mitigation practices in its home lending business. View the full article

The Federal Reserve Board lifted two enforcement actions against the megabank dating back to 2011. But the Fed's seven-year-old asset cap remains in effect. View the full article

The MBA disclosed the year-end rankings of income-producing mortgage servicers at its yearly conference for this part of the industry. View the full article

The Fannie Mae Home Purchase Sentiment's February drop is looking like a precursor for what might be a difficult 2025 Spring homebuying season. View the full article

From changing the boards of Fannie Mae and Freddie Mac to nixing DEI programs, the Federal Housing Finance Agency's Pulte era has been busy. View the full article

Publicly traded lenders, including UWM, Rocket Mortgage and Guild Mortgage, saw personnel expenses increase significantly throughout last year. View the full article

While ending mandated consumer rights, lenders can still ask for a reconsideration of value on FHA loans; plus, fair lending laws still apply in these cases. View the full article

FHFA director Pulte called these programs inappropriate for regulated entities, which are in government conservatorship, but said others are still able to offer them. View the full article

When a house is lost, so is much of the collateral on the mortgage. Here's how both lenders and homeowners can bounce back. View the full article