Revised Class-Action Lawsuit Alleges ‘Bait-and-Switch’ by Veterans United
Plaintiffs accuse Veterans United Home Loans of "bait-and-switch" tactics and misleading advertising in an amended complaint, raising concerns for private lenders.
Millrose Properties: Annual Review of Q1 Earnings Performance
Explore the impact of Lennar's spin-off of Millrose Properties, showcasing a new era in land-banking and asset management for private lenders and investors.
UWM Reports First Quarter Profit Amid M&A Dispute with Two Harbors Board
United Wholesale Mortgage experienced a slowdown in origination volume in the recent quarter, yet maintained stable margins and continued profitability.
Deephaven Mortgage expands options for Equity Advantage HELOC products.
Deephaven enhances its Equity Advantage HELOC, raising the max line to $1M, now includes Texas, LLC vesting, and allows co-borrowers for greater flexibility.
Growing MLS Competition Amid Diverging National Listing Policies
As MLSs enhance local control, upcoming policies differ; MRED and Realtracs broaden nationwide listing access, impacting private lenders' strategies.
loanDepot reports increased Q1 losses due to market volatility and shrinking margins
loanDepot reported a Q1 net loss of $54.9 million, with revenues at $286.4 million and a decline in gain-on-sale margins, raising concerns for private lenders.
UWM introduces 1-0 buydowns and expands its home equity lending options.
United Wholesale Mortgage introduces complimentary 1-0 temporary rate buydowns for purchase loans and new home equity products, enhancing broker competitiveness and borrower retention.
Finance of America reports $35.2 million profit in Q1 amid rising originations.
Finance of America reports a Q1 net income of $35.2M on $120.1M revenue, with funded volume increasing by 6% to $596M and submissions reaching $918M.
The Impact of Veev’s CEO Departure on Prefabrication Scaling Concerns
Explore insights on Veev's strategic vision and challenges, following Anthony Carroll's exit and Lennar's initiatives, highlighting implications for private lenders.
CCM announces $1.4 billion Citi financing to compete with UWM for Two Harbors.
CrossCountry Mortgage contests UWM Holdings' bid for Two Harbors Investment Corp., emphasizing the certainty of its all-cash offer to stockholders.