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…
Lending giant UWM Holdings Corporation (UWM) has cranked up the pressure on Two Harbors Investment Corporation (TWO), raising its acquisition bid to $12.50 per share in an attempt to derail a competing deal with CrossCountry Mortgage and push the Two Harbors board back to the negotiating table. In an open letter to Two Harbors stockholders,…
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. – Mortgage rates trickled down the week of April 20, with the 30-year fixed-rate dropping from 6.30% to 6.23%, but economists such Bright MLS’ Lisa Sturtevant and Realtor.com®’s Joel Berner said that economic headwinds…
On March 5, 2026, the practical ban on mortgage industry trigger leads—signed into law in September 2025 with essentially unanimous support in Congress—has officially taken effect. This change is meant to ease one problem that homebuyers searching for a mortgage face. Trigger leads are a practice where one of the three major credit bureaus (Equifax,…
In the culmination of what was a busy year for Rocket Companies, after acquiring both Redfin and Mr. Cooper, the company detailed another large milestone in its recent earnings call with investors—a partnership with Compass. In its own recent earnings call, Compass CEO Robert Reffkin dropped the news that it had entered into a three-year…
United Wholesale Mortgage (UWM) has, during its previous quarterly earnings calls in 2025, touted a strong performance. Despite a year-over-year decline in annual net income, Q4 did not break this winning streak. During Q4 2025, UWM originated $49.2 billion in loans, compared to $41.7 billion in Q3 2025 and $38.7 billion in Q4 2024. UWM…
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