UWM’s Derivatives Strategy Criticized Following Significant Trade Loss
United Wholesale Mortgage's asset protection strategy faces scrutiny after a recent analysis of public filings, raising concerns among private lenders about risk management.
Vishal Garg secures voting majority to regain control at Better.
Better founder Vishal Garg claims majority voting support as he proposes board resignations alongside a $30 million buyback, signaling potential shifts ahead.
Legal Strategies to Enhance Loan Recoveries for Private Lenders in California
Effective loan recovery for private lenders in California involves understanding legal rights and evidence, beyond relying solely on aggressive litigation strategies.
Two Harbors Criticizes UWM Lawsuit as ‘Frivolous’ Amid $600M Hedge Loss
Two Harbors Investment Corp. rejects UWM Holdings Corp.'s lawsuit, labeling it frivolous and meritless, highlighting ongoing tensions in the mortgage sector.
Kevin Foley of Optimal Blue discusses the rollout of AI Labs and Virtual Economist.
Foley's AI Labs aims to enhance AI implementation, while Virtual Economist analyzes interest rates and lock volumes, leveraging public data for insights.
DOJ and Rocket Mortgage Request Delay in Fair Housing Case for Settlement
DOJ and Rocket Mortgage aim to pause discovery in a Fair Housing Act lawsuit, focusing on a potential settlement conference that could influence industry practices.
Lenders prompted to address business challenges prior to adopting AI
Panelists at the HW AI Summit emphasized the importance of human oversight and vendor controls in AI to ensure compliance with fair lending regulations.
CCM plans $500 million senior notes issuance ahead of Two Harbors closing.
CrossCountry Intermediate Holdco (CCM) plans to issue $500 million in senior unsecured notes, aligning with its anticipated acquisition of Two Harbors Investment Corp.
UWM Under Investigation for Fraud and Analyst Downgrades Following Q2 Loss
UWM Holdings Corp. is under scrutiny due to a securities fraud investigation and recent losses, compounded by a significant capital raise amid Wall Street cuts.
Splitero broadens home equity investment options to four additional states.
U.S. homeowners possess $35 trillion in home equity, often constrained by low mortgage rates and stringent income criteria, presenting challenges for private lenders.