UWM Holdings Corp. is pressing its campaign to acquire Two Harbors Investment Corp. (TWO), issuing an open letter to the seller shareholders Thursday evening that details a sweetened proposal that valued the real estate investment trust (REIT) at $12 per share, positioning the bid as superior to the pending sale to CrossCountry Intermediate Holdco. UWM […]
UWM raises Two Harbors bid to $12 per share Read More »
Low volatility was the most obvious theme for mortgage rates last week. From April 14th through last Friday, the range for a top-tier 30yr fixed rate remained in an ultra-narrow range of 6.29-6.33%. That trend persisted on Monday of this week, but things changed abruptly after that. Tuesday and Wednesday saw moderately big increases that
Mortgage Rates End Week on a Calm Note Read More »
The manufactured housing market is expected to boom over the next few years, a new industry report found. Processing Content Mordor Intelligence expects the manufactured homes market size to expand from $28.5 billion in 2025 to $30.5 billion this year, and reach $42.7 billion by 2031 at a compound annual growth rate of 6.97%. This
Manufactured homes market set to hit $42.7 billion by 2031 Read More »
Invesco Mortgage Capital recorded a loss under generally accepted accounting principles during the first quarter, when it reported that Iran War volatility weakened agency residential mortgage-backed securities performance. Processing Content The real-estate investment trust reported a net loss attributable to common shareholders of $23.1 million, underperforming consensus estimates for a positive $1.26 million earlier in
Invesco REIT takes loss as Iran volatility hits agency MBS Read More »
Mortgage brokers are active users of ChatGPT and ready to add artificial intelligence tools to their workflows, but a majority still have questions surrounding which software best serves their needs. Processing Content More than half, or 55%, are already implementing AI on a regular basis, with approximately 35% already considering themselves daily users, according to
Mortgage brokers embrace AI but seek better tools, training Read More »
UWM Holdings’ latest bid for Two Harbors consists of $12 cash per share or 2.3328 shares of its common stock, looking to top the $11.30 per share cash price CrossCountry Mortgage agreed to pay. Processing Content The Troy, Michigan-based lender, whose previous all-stock deal to buy Two Harbors failed to obtain a quorum at the
UWM reaches directly to TWO shareholders with higher bid Read More »
Half of all mortgage lending is dominated by just a handful of lenders, with 2025 trends showing improving business conditions, but a still-uneven recovery from the housing slowdown earlier this decade. Processing Content The top five lenders produced a little more than 20% of total loan volume last year based on both unit and dollar
Largest lenders generate 20% of total mortgage volume Read More »
Maintaining a back-to-basics philosophy in turbulent times is what helped set these leading mortgage originators ahead of the crowd during 2025. Processing Content The No. 1 producer, Shant Banosian, added to his responsibilities in 2025, becoming the president of Rate. Still, he stuck to the basics, working with his Realtor referral partners, helping them navigate
How these top producers crushed it in a tough market Read More »
Mortgage rates spiked on Wednesday (yesterday) after reports suggested a prolonged blockade of the Strait of Hormuz. As has been the case for most of the past 2 months, interest rate movement was clearly correlated with oil prices. Now today, both are moving back in the other direction though not for reasons that are as
Mortgage Rates Recover Some of Yesterday’s Losses Read More »