The move by United Wholesale Mortgage’s (UWM) parent company to acquire Two Harbors Investment Corp. for $1.3 billion — the first acquisition in its history — marks a shift towards a more balanced business model between origination and servicing for the nation’s top mortgage lender. UWM will continue to focus on its broker channel, while […]
UWM shifts strategy with $1.3B Two Harbors deal, boosts servicing Read More »
United Holding Corp., the parent company of United Wholesale Mortgage (UWM), has struck an all-stock deal to acquire real estate investment trust Two Harbors Investment Corp. for $1.3 billion. The transaction, announced Wednesday, will nearly double UWM’s servicing book while expanding its capabilities, creating the eighth-largest U.S. mortgage servicer, according to company estimates. Two Harbors
UWM to acquire Two Harbors, nearly doubling servicing portfolio Read More »
The legal skirmish between Katie Sweeney and the Association of Independent Mortgage Experts (AIME) is continuing to develop with a first amended complaint that officially names United Wholesale Mortgage, AIME’s main sponsor, and Sarah DeCiantis, UWM’s executive vice president and chief marketing officer, as defendants. Sweeney previously filed a motion on Oct. 28 in the
Sweeney amends lawsuit against AIME, names UWM Read More »
Welcome back to Tech Pulse — HousingWire‘s weekly series rounding up the latest in technology news, including tools, integrations and trends that impact mortgage and real estate. Here’s what happened this week: It’s up to MLSs to decide if the Zillow-ChatGPT integration violates IDX policies The National Association of Realtors (NAR) said individual MLSs must determine whether Zillow’s ChatGPT integration
Tech Pulse: MLS AI debate; CoStar disputes Zillow announcement Read More »
United Wholesale Mortgage (UWM) on Friday announced three new tools to help independent mortgage brokers streamline loan processing, improve workflow efficiency and expand marketing efforts. The announcement, made at the Association of Independent Mortgage Experts’ (AIME) Fuse conference in Nashville, introduced UWM’s Income Calculator, Loan Lab and an upgraded version of Brand 360 created in
UWM announces three new broker tools at AIME Fuse Read More »
The legal dispute over ownership and transparency of the NBA‘s Phoenix Suns has apparently come to an end as the parties have executed a stipulation of dismissal in the Delaware Court of Chancery, formally ending the lawsuit without a judge deciding the merits. The filing, submitted Friday, stipulates that both parties will cover their own
Phoenix Suns ownership dispute involving UWM’s Ishbia resolved in court Read More »
Mortgage lenders are recalibrating ahead of the Federal Reserve’s anticipated monetary easing cycle by rolling out rate promotions, streamlining operations and broadening product menus. They aim to capture demand while navigating affordability and margin pressures. Executives told HousingWire they’re preparing for renewed borrower activity as rates edge lower — but with caution, given political headwinds,
How will lenders recalibrate as Fed signals path to lower rates? Read More »
Minority investors in the NBA‘s Phoenix Suns have filed a lawsuit against the team and its majority owner, Mat Ishbia. They allege being denied access to internal records, including those tied to the funding of a practice facility. The lawsuit, filed on Aug. 21 in the Delaware Court of Chancery, comes from Kisco WC Sports
UWM’s Mat Ishbia, Phoenix Suns sued by minority owners over records dispute Read More »
Welcome back to Tech Pulse — HousingWire‘s weekly series rounding up the latest in technology news, including tools, integrations and trends that impact mortgage and real estate. Read on for a rundown of speakers who shared expert insight at this past week’s HousingWire AI Summit in Dallas. Talk ranged from use of “digital twins” among eXp Realty executives to artificial
Tech Pulse: AI Summit delves deep on housing industry impacts Read More »
No one likes waiting to get into the home of their dreams. While many prospective homeowners have been biding their time for weeks, months, even years waiting for the market to shift, many challenges aren’t going away — especially the burden of saving thousands of dollars for a down payment. Fortunately, if you’re an independent
How UWM is shrinking the down payment barrier Read More »