Finance

United Wholesale Mortgage originated $32.4 billion, up 17% year-over-year and its best first quarter since 2022, helped by refinance volume of $10.6 billion.

The $1.15 billion agreement earmarked for general corporate purposes can increase to $2.25 billion pending the lender's acquisition of Mr. Cooper.

The company took a break from securitization during the first quarter but was able to get a deal done shortly after the fiscal period ended.

Even though Motto Mortgage has 8% fewer open offices than a year ago, executives touted franchise renewals with owners committing to another seven years.

Fitch says large nonbank lenders are positioned to gain share as they manage debt maturities and outlast smaller rivals hit harder by market volatility.

The company reported a profitable first quarter and called for loosened regulation to bring more private capital into home finance in its latest earnings call.

ICE Mortgage Technology also added 20 new Encompass clients in the first quarter, but the unit still had an operating loss for the period, its 10th in a row.

A government-sponsored enterprise executive shared his take on the financial implications of Federal Housing Finance Agency Director Bill Pulte's initiatives.

Mortgage servicing rights owners making their plans for 2025 are dealing with additional stress beyond the normal opaque nature of the business, SitusAMC said.

The move builds out a fee-based resolution for certain loan flaws piloted in 2024, which was set for a full 2025 rollout prior to changes in federal leadership.

The company maintained its guidance for the year as the bottom line returned to the black in the first quarter, officials reported in an earnings call.

A $24 million single-family provision for credit losses linked to economic uncertainty and changes in actual and forecast home prices weighed down results.

Longbridge Financial's Christopher Mayer discusses the mortgage industry's opportunities in today's market and its shortcomings when serving older Americans.

The REIT and its home finance unit are seeking to expand strategies in servicing and originations as market unpredictability has a mixed impact on its investments.

The challenger bank exceeded analysts' expectations in income, revenue and earnings per share.

Sellers have roughly a month to bring transactions involving properties from the "claims without conveyance of title" and REO programs in line with the changes.

A National Mortgage News/Snapdocs survey of 100 lenders found 90% use some form of what could be considered a digital closing, up from 74% two-years ago.

The state has largely solved for the industry's biggest concerns but the broader secondary mortgage market could still have some additional responsibilities.

The Long Island-based regional bank, which reported another quarterly loss Friday, continues to hire in the commercial-and-industrial lending sphere as it seeks to diversify its commercial real estate-heavy business.

The lender's parent also said it is actively in preparation to move forward on plans to unlock equity value in 2025, with a Newrez spinoff among its options.