UWM Holdings will likely have to increase its offer to get the agreed to purchase of Two Harbors over the finish line. Processing Content Two Harbors announced before the markets opened on March 19 it had received an unsolicited proposal to purchase all of the company’s stock at $10.77 per share, above its March 18 […]
TWO receives unsolicited all-cash bid, endangering UWM deal Read More »
UWM Holdings may have to increase its offer to get the agreed to purchase of Two Harbors over the finish line, industry analysts are speculating. Processing Content Two Harbors adjourned the special meeting that was to approve the deal on March 16 to March 24 in order to solicit more proxies. But the first sign
UWM’s Two Harbors deal in doubt, analysts warn Read More »
The Federal Housing Finance Agency and the government-sponsored enterprises have opened up some new insurance options for borrowers, departing from a strict coverage mandate for single-family homes. Processing Content Fannie Mae, Freddie Mac and the agency also known as US Federal Housing, partially relented on “replacement cost only” rules. Roofs no longer need to be
FHFA loosens insurance rules targeting condos, rural loans Read More »
Ramping up its investments in artificial intelligence, Intercontinental Exchange’s mortgage technology division announced plans to roll out borrower-facing AI voice and chat agents on its servicing platform, intended to help business partners better assist homeowners. Processing Content Leaders from the company unveiled the agents at its ICE Experience conference in Las Vegas on Tuesday. Currently
ICE upgrades servicing platform with AI voice, chat agents Read More »
The acquisition of Two Harbors by UWM Holdings is possibly on life support as the real estate investment trust’s special meeting to approve the transaction, scheduled for March 16 was adjourned because of an apparent lack of participation. Processing Content March 24 is when the meeting will reconvene after an effort by Two Harbors to
Two Harbors postpones UWM merger vote meeting Read More »
Freedom Mortgage is expanding with a deal to acquire Seneca Mortgage Servicing. Processing Content Parent company Freedom Superior signed an agreement to buy the firm and its related entities from asset manager EJF Capital, it announced Monday. It’s yet another move by one of the industry’s biggest players to add servicing assets, in more consolidation
Freedom acquires Seneca Mortgage Servicing Read More »
As home price appreciation continues to slow, home equity decreased again in the fourth quarter, completing a full year of annual declines. Processing Content Borrower equity fell $78.8 billion, or 0.5%, year over year, according to Cotality’s Home Equity Report for the fourth quarter of 2025. That was an average decrease of $8,500 per borrower,
Home equity dips $78.8B as appreciation weakens Read More »
The Mortgage Bankers Association has called for Department of Veterans Affairs policymakers to match the new partial claim more closely to borrower options offered in other parts of the market. Processing Content “As drafted, veterans will continue to have worse options than similarly situated non-veterans,” Pete Mills, MBA’s senior vice president of residential policy and
Mortgage bankers want VA’s partial claim aligned with market Read More »
Foreclosure activity continues to trend up nationwide, although it’s slowed to start the year. Processing Content The 38,840 properties across the country last month with either default notices, scheduled auctions or bank repossessions was down 4% from January, according to property analytics firm Attom. Those foreclosures, which represent 1 in every 3,701 housing units, are
Some Florida distress grows as broader foreclosures waver Read More »
The share of primary mortgages on properties that also have second liens is currently in the double digits, reflecting growth in home equity lending that’s increasingly relevant to agency mortgage-backed securities investors. Processing Content Approximately 16% of active first liens are on homes that also have seconds on them, representing a total outstanding balance of
Second liens appear on 16% of U.S. mortgages Read More »