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
Purchase loan demand falls as jumbo mortgages buck rate trend
Ongoing banking instability sparked by the failures of Silicon Valley Bank and Signature Bank may affect the availability of jumbo mortgages not eligible for purchase by Fannie Mae, Freddie Mac
by Matt Carter Apr 5
Guild's McGarry will hand CEO reins to Terry Schmidt, her 1st hire
Schmidt was Mary Ann McGarry's 1st hire at Guild in 1985, and the two led a 2007 management buyout of the company from founder Martin Gleich
by Matt Carter Mar 20
LoanDepot losses mount as company continues to shed workers
Beleaguered mortgage lender racks up a $610.4M 2022 net loss despite cutting 6,100 jobs as rising mortgage rates cut into the company's lucrative refinancing business
by Matt Carter Mar 8
Mr. Cooper names second chief financial officer in less than a year
Mortgage veteran Kurt Johnson, who held executive roles at Indymac Bank and OneWest Bank before joining Mr. Cooper in 2015, succeeds Jaime Gow as CFO, it was announced this week
by Matt Carter Mar 7
Rocket, UWM cut a combined 9,500 positions in 2022, new filings show
Companies say that instead of laying off workers, they're trimming their payrolls through attrition or by offering voluntary buyouts
by Matt Carter Mar 3
Rising mortgage rates a headwind for spring homebuying season
After 3 straight weeks of declines in mortgage applications, demand for purchase loans remains at the lowest level since 1995 for the 2nd week in a row
by Matt Carter Mar 1
UWM posts $62M Q4 loss but keeps title of America's biggest lender
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
by Matt Carter Mar 1
Better lets Amazon workers put up stock as mortgage collateral
Through Better's Equity Unlocker program, borrowers pay a higher interest rate and Better can seize pledged shares if owners default or try to sell their stock before paying off their mortgages
by Matt Carter Feb 28
Keller Williams offloads mortgage division to Mutual of Omaha
Mutual of Omaha Mortgage has acquired Keller Mortgage for an undisclosed amount, according to an announcement on Monday. Keller Williams will retain an ownership stake in the company.
by Marian McPherson Feb 20
Gary Keller: It's a do-or-die housing market for real estate agents
In his State of the Housing Market address on Sunday, Keller Williams' co-founder Gary Keller explained how chaos will force agents to become better competitors — or be left behind
by Marian McPherson Feb 20
Motto Mortgage office (contributed photo).
Double-digit growth in open offices was a bright spot for parent company RE/MAX Holdings, which reported a $2.6M Q4 net loss as rising rates dented home sales
by Matt Carter Feb 17
Demand for purchase loans sinks as mortgage rates rebound
Mortgage rates have been inching up from 2023 lows following a strong jobs report and January's Consumer Price Index readout, which shows only a slight cooling in inflation
by Matt Carter Feb 15
Mr. Cooper lays out path to $1T mortgage servicing rights portfolio
Rising mortgage rates have many lenders looking to sell servicing rights, creating opportunity for Dallas-based company that now collects payments on $870B in loans
by Matt Carter Feb 10
EXCLUSIVE: MooveGuru acquires relocation competitor Relocator
The deal was inked for 'eight figures' and brings to MooveGuru a number of substantial mortgage marketing partnerships, according to news sent exclusively to Inman
by Craig C. Rowe Feb 3