Big Florida real estate brokerage is selling its mortgage division
First Federal Bank continues expansion of its nationwide mortgage lending operations with deal to acquire Watson Mortgage Corp. and investments in digital solutions, personal service
by Matt Carter Apr 18
United Wholesale Mortgage defends its business practices
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
by Matt Carter Apr 10
LoanDepot hackers had access to Social Security numbers, DOBs
Hit by lawsuits, the lender is offering 24 months of free identity protection services and credit monitoring from Experian to 16.9M consumers affected by the January cyberattack
by Matt Carter Feb 27
FNB of Pennsylvania to pay $13.5M to settle redlining allegations
FNB's 2017 acquisition of Yadkin Bank for $1.8B expanded its footprint into North Carolina, where the DOJ alleges it avoided providing mortgages to majority-Black and Hispanic communities
by Matt Carter Feb 6
America's top loan officer foresees return to bidding wars, price gains
As Shant Banosian gears up to speak at Inman Connect New York in January, he sat down with Inman to discuss the landscape for mortgage lenders heading into 2024
by Taylor Anderson Jan 2
Mat Ishbia
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
by Matt Carter Nov 15
Rocket stays profitable in Q3 but still in the red for the year
Cost-cutting helped the Detroit-based mortgage lending giant rack up its second consecutive profitable quarter, but at $61.45B, 2023 mortgage originations are down 46% from a year ago
by Matt Carter Nov 2
The current impact and future implications of mortgage AI
AI is making mortgage lending quicker and smarter. Lender Price CEO Dawar Alimi breaks down its impact and what's to come
by Dawar Alimi Oct 5
Big Keller Williams franchise group launches mortgage JV with Newrez
One of Keller Williams Realty's biggest franchise groups, Georgia Legacy Group, partners with national mortgage lender and servicer Newrez to launch a joint venture, Onward Home Mortgage
by Matt Carter Oct 3
Latest Ocrolus offering is designed specifically for mortgage lenders
The leader in artificial intelligence-driven financial document automation has combined 3 of its solutions into a mortgage dashboard for classifying, capturing and analyzing borrower documents
by Matt Carter Sep 27
Better shares plunge more than 90% in Nasdaq debut
In addition to going public at a bad time for mortgage lenders, Barron's reports that SPAC merger resulted in a huge increase in the number of shares outstanding
by Matt Carter Aug 24
UWM posts $229M Q2 profit as spring mortgage originations soar
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
by Matt Carter Aug 9
UWM says it's hiring as Bloomberg details alleged 'locker room culture'
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
by Matt Carter Apr 13
Better workers fear they won't see $100M in retention stock bonuses
The mortgage lender says it remains committed to distributing equity-based bonuses to all eligible employees, including $50M from CEO and founder Vishal Garg's personal equity
by Matt Carter Apr 5
Real Matters hires new chief financial officer as revenue dwindles
Executives with the Canadian real estate tech company said its US expansion plan and ambitious goals to grow its appraisal and title insurance market share are still in place
by Matt Carter Mar 17