As mortgage heads from UWM and Rocket fight it out in the press, it seems like both agents and consumers are just wondering how they're going to pay the bills
Citing recent court victories, UWM says 'it is not uncommon nor illegal for a broker to send most or all of their business to a specific lender' and pledges to pay business partners' legal fees
Hunterbrook Media founder dismisses Ishbia's take as 'baseless conspiracy theory'; Rocket says it and founder Dan Gilbert have no financial interests or relationship to hedge fund
United Wholesale Mortgage denied explosive allegations that many mortgage brokers who send it business aren't shopping around for best deals. UWM dismissed a related lawsuit as 'a sham'
Nation's biggest mortgage lender posts first annual loss since going public in 2020, largely driven by an $854.1M write-down in the value of UWM's $300B mortgage servicing rights portfolio
With its new Power Players list, Inman recognizes 137 industry leaders for their power and influence as it kicks off a year of expanded awards
The article alleges UWM CEO and Phoenix Suns owner is 'charting a risky path in both business and sports' but the Ishbia family is raking in the profits even when the company is losing money
While others are downsizing, the nation's biggest mortgage lender is investing in new technology and hiring new team members to be prepared if mortgage rates come down and business booms
United Wholesale Mortgage, the nation's largest lender, also raised refinancing volume by 23% after being hammered by higher interest rates, according to Q2 earnings released Wednesday
UWM CEO Mat Ishbia highlights 'operational profitability' as $337M write-down in fair value of mortgage servicing rights drives $138.6M Q1 loss
Ishbia, majority owner of the Phoenix Suns, was knocked over by Nuggets' star Nikola Jokic in a play that headed his way, for which he was given a technical foul
The nation's biggest mortgage lender is planning to hire 500 people and is holding a job fair Saturday just days after Bloomberg expose of alleged drug use, discrimination and harassment
Companies say that instead of laying off workers, they're trimming their payrolls through attrition or by offering voluntary buyouts
CEO Mat Ishbia says aggressive 'Game On' pricing is still in place, but acknowledges Pontiac-based wholesaler is seeking to boost profit margins in 2023
Buyers can put as little as 5% down when taking out a new construction loan, with 1 closing and an optional float-down to secure a lower interest rate, according to United Wholesale Mortgage