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Amended lawsuit against Veterans United cites bait-and-switch tactics

HWmember, Lawsuit, Legal, LendingLife, Mortgage, Real Estate Settlement Procedures Act, VA Loan, Veterans United Home Loans /

Plaintiffs filed an amended complaint against Veterans United Home Loans, owned by Mortgage Research Center, adding claims of “bait-and-switch” and misleading advertising tactics, according to court filings reviewed by HousingWire.  The original complaint filed in February alleges the lender misled homebuyers into believing it is connected to the U.S. Department of Veterans Affairs (VA), while […]

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UWM slams Two Harbors board over $12 offer rejection

CrossCountry Mortgage, HWmember, LendingLife, Mergers and Acquisitions, Mortgage, Origination, Two Harbors Investment Corp., United Wholesale Mortgage /

UWM Holdings Corp. is challenging Two Harbors Investment Corp.’s board after it rejected a $12 per share acquisition proposal in favor of an $11.30 per share deal with CrossCountry Mortgage LLC, issuing a lengthy response that questioned the board’s analysis and process. In a statement on Monday, UWM said “the TWO Board’s interpretation of the numbers

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Two Harbors rejects UWM revised offer, cites financing risk

CrossCountry Mortgage, HWmember, LendingLife, Mergers and Acquisitions, Mortgage, Servicing, Two Harbors Investment Corp., United Wholesale Mortgage /

A revised proposal from UWM Holdings Corporation to acquire Two Harbors Investment Corp. was formally rejected by the seller’s board of directors, citing “financing, closing, business and credibility risks.” The board continues to unanimously support the competing bid from CrossCountry Mortgage, LLC.  In late April, UWM intensified its campaign to acquire TWO by issuing an

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UWM raises Two Harbors bid to $12 per share

CrossCountry Mortgage, HWmember, LendingLife, Mergers and Acquisitions, Mortgage, Servicing, Two Harbors Investment Corp., United Wholesale Mortgage /

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

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The Gathering 2026: Mortgage execs debate the hidden risks of credit score reform

credit report, Credit Score, FHFA, GSEs, HWmember, LendingLife, Mortgage, Origination, The Gathering 2026 /

Mortgage industry executives say the shift to new credit score models and lender choice could raise mortgage delinquencies, reshape pricing grids at the government-sponsored enterprises (GSEs) and ultimately push costs back onto borrowers, even if the costs for scores fall on the front end. U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner

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Ginnie Mae to pause counting FHA TPP loans as delinquent

Delinquencies, FHA loan, Ginnie Mae, Government Lending, HWmember, LendingLife, Mortgage /

Ginnie Mae will temporarily exclude loans in Federal Housing Administration (FHA) Trial Payment Plans (TPPs) from issuer delinquency calculations, responding to higher reported rates, the corporation announced last week.  In 2025, the FHA updated its single-family loss mitigation waterfall and reinstated required TPPs before certain workout options, such as partial claims, can be approved. Under

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SoFi rolls out end-to-end digital HELOC experience, advisory council

HELOC, Home Equity, HWmember, LendingLife, Mortgage, Origination, Refinancing, SoFi /

SoFi Technologies this week unveiled a new fully digital home equity line of credit (HELOC) experience, expanding its push into mortgages as more homeowners choose to tap equity rather than move. The company said the new HELOC offering will allow members to access home equity through an end-to-end digital process within the SoFi platform, with

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Mortgage industry welcomes new credit score models, urges further reform

Bill Pulte, Credit Score, FHA, FHFA, FICO, HUD, HWmember, LendingLife, Mortgage, Origination, VantageScore /

The majority of mortgage industry trade groups and professionals reacted in a supportive but pragmatic way following an announcement from federal housing agencies that detailed moves to modernize mortgage underwriting by introducing newer credit scoring models. They largely welcomed the shift while emphasizing that the real test will be in execution and follow-through. The announcement

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FHFA launches VantageScore 4.0 pilot; HUD signals FICO 10T for FHA

Bill Pulte, FHA, FHA loan, FHFA, FICO, HUD, HWmember, LendingLife, Mortgage, Origination, Scott Turner, VantageScore /

Federal agencies on Wednesday took steps to bring newer credit scoring models into the mortgage underwriting process, marking a significant shift in how borrower risk is evaluated. U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the adoption of FICO 10T and VantageScore 4.0 for Federal Housing Administration (FHA) loans in the

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Castlelake expands mortgage credit platform with Resfin Partners acquisition

Correspondent, Correspondent Lending, HWmember, LendingLife, Mergers and Acquisitions, Mortgage, Origination, Real Estate Investing /

Asset manager Castlelake has acquired a majority ownership stake in Resfin Partners, the parent company of mortgage correspondent business Eastview and lender to residential real estate investor Lendmarq, the firm announced on Wednesday. Over a multiyear relationship, Castlelake has acquired more than 4,000 senior structured loans from Eastview and Lendmarq, representing more than $2 billion

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