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Two Harbors hit with shareholder lawsuit over CCM acquisition

CrossCountry Mortgage, HWmember, Lawsuit, Legal, LendingLife, Mergers and Acquisitions, Mortgage, Securities and Exchange Commission, Two Harbors Investment Corp. /

Shareholder Michael Koblentz filed another lawsuit against Two Harbors Investment Corp. and its board of directors, alleging violations of the Securities Exchange Act tied to the company’s pending acquisition by CrossCountry Intermediate Holdco (CCM). Koblentz previously filed a similar suit targeting Two Harbors’ original merger agreement with UWM Holdings Corp. (UWMC), which was closed after […]

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How Atlantic Avenue became the top reverse mortgage broker

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Florida-based Atlantic Avenue Mortgage became the top reverse brokerage firm in the U.S. in 2025, less than four years after its founding, and it sees more room for growth in 2026.  “We just had our best month ever. We’ve done over $90 million in loan volume in Q1. We expect to certainly be at the

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Portable credit reports spark debate over costs, feasibility

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While the mortgage industry lobbies to reduce credit report costs, the idea of allowing borrowers to use the same file across multiple lenders has slowly emerged. In this consumer-controlled portable credit report model, borrowers would authorize the use of a single credit report during their mortgage search across different lenders. The concept mirrors tenant screening

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US foreclosure filings rise 26% in Q1 2026, ATTOM says

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Foreclosure activity accelerated in the first quarter of 2026, with signs of mounting operational pressure for mortgage servicers and downstream vendors, according to ATTOM’s latest U.S. Foreclosure Market Report and insights from industry executives. While overall foreclosure volumes remain below pre-Great Recession peaks, starts, completions and real estate-owned (REO) inventories are climbing, timelines are shrinking

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HousingWire Mortgage Rankings: Rocket leads 2025 top originators

CrossCountry Mortgage, HWmember, JPMorgan Chase, LendingLife, Mortgage, Mortgage Rankings, Origination, Rate, Rocket Mortgage, Veterans United Home Loans /

Shant Banosian doesn’t believe that retail mortgage lenders are at a cost disadvantage when pitted head-to-head against wholesale competitors. Banosian, the Massachusetts-based originator and president of Chicago-based Rate, pointed to data showing that independent mortgage banks (IMBs) and their retail-heavy presence are responsible for 84% of single-family mortgages in the U.S. Although wholesale lenders do

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Better bets on ChatGPT as the new front door for origination

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Better.com says that its new integration with ChatGPT is more than a flashy plugin. According to CEO Vishal Garg, it’s a tool that could shift how mortgage technology is distributed and adopted across the industry. In early March, Better announced the conversational credit decision engine that allows lenders to run underwriting through ChatGPT using its

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UWM tried for its first acquisition, then its stock fell and the math stopped working

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When UWM Holdings Corp. lost its bid last week to acquire Two Harbors Investment Corp. (TWO), upstaged by an offer from rival CrossCountry Intermediate HoldCo, analysts were not entirely surprised. “It was such a wild turn of events,” said Eric Hagen, an analyst at BTIG. “But we were not surprised that it broke up.” The

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Rocket moves to dismiss RESPA suit, citing safe harbor and lack of injury

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Detroit-based Rocket Companies this week moved to dismiss a lawsuit alleging violations of the Real Estate Settlement Procedures Act (RESPA), arguing that plaintiffs failed to demonstrate injury, relied on claims beyond the one-year statute of limitations and did not sufficiently plead unjust enrichment. The class-action suit, filed in late January, alleges that homebuyers who began

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Even as GSEs step into MBS market, macro forces are controlling mortgage rates

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Fannie Mae and Freddie Mac have been active in the mortgage-backed securities (MBS) market in recent weeks — but their approach appears more measured and opportunistic than many initially expected. Their activity has also been overshadowed by the U.S.-Iran conflict.  “We’ve seen some activity from the GSEs. Instead of issuing cash window pools and putting

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CrossCountry Mortgage to strengthen footprint with Summit M&A deal

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Cleveland-based CrossCountry Mortgage (CCM) has struck a deal to acquire Summit Funding, broadening its geographic reach, the companies announced Wednesday. Financial terms of the transaction were not disclosed. “In 2025, we financed 1 in 35 homes sold nationwide, ranking as the No. 1 retail mortgage lender,” Ron Leonhardt, founder and CEO, told HousingWire. “This acquisition

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