Editor’s Note: The Mortgage Mix is RISMedia’s highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. The numbers: While mortgage rates had hit a peak and were nearing the high-end of the 7% range, they have now decreased for the third straight week to 7.18% for the 30-year fixed-rate mortgage and…
Despite having lower margins for the third quarter, United Wholesale Mortgage (UWM) Chairman, President and CEO Mat Ishbia stated that he feels prepared to handle “headwinds in the industry” during the company’s third quarter earnings call. On the call, Ishbia referenced the challenges the mortgage market has faced within the past five years, saying that…
In another big move for the company, Compass International Holdings has announced a merger with fintech company Rate to unite the two companies’ mortgage ventures—Guaranteed Rate Affinity and OriginPoint—under the OriginPoint brand, becoming a top 10 national mortgage lender, according to a release from the two companies Guaranteed Rate Affinity was founded in partnership with…
Editor’s Note: The Mortgage Mix is RISMedia’s highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. The numbers: Mortgage rates continue to reach new highs each week, quickly climbing in the 7% range and hitting a “nearly three year high,” as noted by Mortgage Bankers Association (MBA) President and CEO Bob…
In an effort toward making credit evaluations simpler and more borrower-friendly, mortgage lender United Wholesale Mortgage (UWM) has announced a process enhancement that automatically selects the best credit score returned for a consumer by obtaining FICO® Scores and VantageScore® 4.0 on all credit pulls. The firm says the move will ensure it provides the borrower…
A federal securities class-action lawsuit has been filed against national online mortgage lender Better Home & Finance (commonly known as Better), its controversial founder and former CEO Vishal Garg, and its current CFO Loveen Advani. The suit alleges that Better violated federal securities laws by knowingly misleading investors about the company’s potential monthly loan volume…
Editor’s Note: The Mortgage Mix is RISMedia’s highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. The numbers: Mortgage rates peaked to a new high this week, climbing back up to the 7% range for the first time in 2026 and hitting their “highest level since May 2024,” as noted by…
A dozen or so upper-level Fannie Mae employees were dismissed last week, according to various media sources, including the Wall Street Journal. All of the departures were said to be involuntary, with AI proficiency cited as a possible cause. The eliminated roles included core areas such as multifamily lending, capital markets, finance and regulatory affairs. …
United Wholesale Mortgage (UWM) Chairman, President & CEO Mat Ishbia foreshadowed potential legal action with mortgage servicer Two Harbors for the allegedly “inappropriate” handling of its sale. During the company’s Q2 earnings call, Ishbia addressed the bidding war against CrossCountry Mortgage in order to acquire Two Harbors, which took place back in the spring. UWM…
Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. – In the last week of June, mortgage rates continued to hover around 6.5%, with rates hitting the lowest 30-year fixed rate (6.53%) since May 14 at the end of the week. These rates…
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