The move by United Wholesale Mortgage’s (UWM) parent company to acquire Two Harbors Investment Corp. for $1.3 billion — the first acquisition in its history — marks a shift towards a more balanced business model between origination and servicing for the nation’s top mortgage lender. UWM will continue to focus on its broker channel, while […]
UWM shifts strategy with $1.3B Two Harbors deal, boosts servicing Read More »
AD Mortgage on Thursday released its first Mortgage Professionals Pulse Report & 2026 Outlook, which offers a glimpse into broker sentiment, performance, challenges and expectations based on a survey of more than 300 mortgage professionals nationwide. The survey, conducted in late November and early December, found that 70% of respondents said 2025 was a better
AD Mortgage survey reveals positive 2026 outlook Read More »
CrossCountry Mortgage (CCM) announced Wednesday that it’s welcoming the Victor Alpha Group to the company. Led by the husband-and-wife duo of Patton Gade and Shari Gade, the team brings more than 20 mortgage professionals with military ties to CCM. “This team exemplifies the values that define CrossCountry Mortgage,” Ron Leonhardt, founder and CEO of CrossCountry
CrossCountry Mortgage adds top VA loan producer Patton Gade Read More »
Mortgage applications decreased 3.8% from one week earlier, according to data from the Mortgage Bankers Association (MBA)’s weekly mortgage applications survey for the week ending Dec. 12. On an unadjusted basis, the index decreased 5% compared with the previous week. The refinance index decreased 4% from the previous week and was 86% higher than the
Mortgage demand drops, but refi share reaches highest level since September Read More »
Intercontinental Exchange (ICE) on Tuesday named Bob Hart as president of its ICE Mortgage Technology division. Hart will succeed Tim Bowler, who will transition to ICE’s fixed income and data services division, where he will focus on index development and financial institution infrastructure. The leadership changes take effect Jan. 1, 2026. Hart joined ICE Mortgage
ICE taps Bob Hart as president of mortgage technology division Read More »
Pennymac cut the ribbon on a new facility in Carrollton, Texas, on Friday, which will become the company’s largest corporate office, eventually housing more than 1,800 employees. The move consolidates two offices in the Dallas/Fort Worth metroplex while also giving the company room to grow. Pennymac is taking full advantage of the bigger space, actively hiring
Inside Pennymac’s Texas expansion and its push for top mortgage talent Read More »
Bridge loan expert Sofia Nadjibi looks at consumers’ biggest objections and misconceptions about bridge loans, so you can help steer them in the right direction Loans for short-term residential financing, now known as bridge loans, have existed since the mid-20th century, yet many real estate agents and loan officers still treat them as an edgy,
10 biggest myths about bridge loans (and what the market misunderstands) Read More »
The Consumer Financial Protection Bureau (CFPB) is proposing changes to rules under the Equal Credit Opportunity Act (ECOA) to clarify lenders’ responsibilities on issues including disparate impact, discouragement of applicants and special purpose credit programs (SPCPs) that industry leaders say could hurt women’s ability to get a mortgage loan in their own name. The comment
CFPB’s ECOA proposal raises alarms over women’s ability to get a mortgage Read More »
Don Goettling, a nearly 40-year veteran of the mortgage and real estate industry, announced last week that he’s committing full time to his role as CEO of Momentum Builder, the company he co-founded in 2018. The organization, which provides resources for housing professionals — including coaching, workshops, events and technology tools — also oversees the
Don Goettling commits full time to Momentum Builder Read More »
Nonprofit organizations say the Trump administration has dramatically scaled back fair lending oversight — and they’re stepping in to fill the void. In its latest move, the Department of Justice (DOJ) this week announced the rescission of disparate-impact liability from its Title VI regulations, while other parts of the federal government have reduced enforcement of
Nonprofits launch fair lending tip lines as federal oversight wanes Read More »