While most of the originators responding to this year’s Top Producers survey are looking to the tried and true method of mining the existing client database in order to drive customer retention, some are planning to take their game up to the next level. Processing Content Customer retention was one of the open ended questions […]
2026’s Top Producers: numbers 175-101 Read More »
Two former executives who left Rocket earlier this year are starting a company with an “all-in-one” technology platform that United Wholesale Mortgage is supporting. Processing Content United Wholesale Mortgage and the CEO of the new venture, Dan Sogorka, confirmed earlier HousingWire reports about plans for the new firm. Mike Fawaz is the founder of the
Former Rocket execs to offer broker platform, work with UWM Read More »
Motto Mortgage will retain its current business model of a mortgage brokerage franchisor following completion of parent company Remax Holdings purchase by Real. Processing Content The transaction will also not affect the operations of Wemlo, the mortgage processing business owned by Remax nor that of One Real Mortgage, the mortgage brokerage owned by Real. “Additionally,
Motto Mortgage will remain brokerage franchisor under Real Read More »
Mortgage originators had to scratch for every loan they closed last year, as seen in the highly unusual circumstance of the fourth quarter being the year’s strongest. As a result, 2025 found a slight increase in volume among our survey respondents. Processing Content Last year, the No. 250 originator produced just under $25 million; this
2026’s Top Producers, numbers 275-176 Read More »
PrimeLending, Hilltop Holdings’ mortgage unit (through its PlainsCapital Bank subsidiary) reduced its pretax losses 72% year-over-year. But the parent company gave a warning for the entire organization (including Hilltop Securities) that its future performance in 2026 is likely to be affected by things outside of its control. Processing Content Hilltop cited challenging changes in the
Hilltop’s PrimeLending cuts pretax losses by over 70% in 1Q Read More »
Wells Fargo’s mortgage lending patterns exhibit racial disparities that hurt minority families, multiple activist organizations say. Processing Content The mega bank denied Black, Latino and Asian mortgage applicants roughly twice as frequently as white applicants, according to a new study that analyzed almost 25,000 North Carolina mortgage applications and more than 16,000 loans at Wells
Study finds racial gaps in Wells Fargo mortgage denials Read More »
Homeowners are increasingly engaging with the housing market this spring, as many are beginning to let go of their historically low mortgage rates. Processing Content More than a third of sellers have mortgage rates below 5%, yet still plan to list their homes this spring, according to Coldwell Banker’s 2026 Home Shopping Season Report, a
Sellers no longer deterred by lock-in effect, study finds Read More »
Mortgage rates ended the week 7 basis points lower, as borrowers took advantage of a brief dip in the 10-year Treasury yield, Freddie Mac found. Processing Content The 30-year fixed rate mortgage averaged 6.23% as of April 23, versus 6.3% seven days prior and 6.81% for the same week last year, its Primary Mortgage Market
Mortgage rates at lowest in three spring purchase seasons Read More »
U.S. homeowners are sitting on more than $11 trillion in tappable home equity, and the mortgage industry is racing to capture it. Processing Content With interest rates providing little incentive for many homeowners to refinance or relocate, lenders and technology firms are pouring resources into home equity lines of credit, a product long dominated by
SoFi enters HELOC market amid home equity surge Read More »
Minneapolis-based global investment firm Castlelake LP has expanded an existing business relationship with Resfin Partners, adding dominant ownership of the company to its U.S. residential financing resources. Processing Content The purchase of a majority stake gives Castlelake more access to two Miami-based business units Resfin serves as a holding company for: Eastview, a domestic correspondent
Castlelake buys majority stake in Resfin Partners Read More »