Industry News from National Mortgage News

The latest postponement comes after a UWM filing states that Two Harbors shareholders are rejecting the deal, with 54% voting no as of June 12.

Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.

The merger will bolster existing safeguards against AI threats, while providing a tool that should appeal to young homebuyers, leaders of the companies said.

At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.

At least nine Dallas-area institutions have agreed to sell themselves since late 2024, with the Oklahoma City-based MidFirst Bank's deal for Dallas Capital marking the latest transaction.

Mortgage applications rose 3.8% on a seasonally adjusted basis from one week prior for the period ending June 12, according to the MBA's Market Composite Index.

The Fathom Holdings purchase bolsters the retail platform's ambitions to become a one-stop shop for all homeownership needs, Bed Bath & Beyond's CEO said.

Maxex named a new chief financial officer, Lennar elevated Jim Parker to chief operating officer and U.S. Mortgage Insurers appointed a new board chair.

The deal reinforces PennyMac's AI-focused pivot and will also accelerate development and growth of its proprietary servicing platform, the lender said.

Rithm and UWM Holdings are the favorite names among publicly traded lenders, while BTIG adds coverage of Better Home & Finance at a buy rating.

This industry executive finds subservicing mortgages impacted by rule changes and relatively higher delinquency rates helps test operations and keep them sharp.

Bill Greenberg and Mat Ishbia held a video chat on June 11. The companies disputed the outcome, but in the end, UWM did not make a new proposal for Two Harbors.

On a year-over-year comparison, title underwriters produced 15% more premiums in the first quarter, as mortgage rates briefly fell under 6% in February.

Under the proposed rule, the definition of a manufactured home would allow upper floor sections to be transported and constructed without a permanent chassis.

More than half of prospective buyers said they would be comfortable purchasing a home without any direct human involvement, according to an industry survey.

A further reduction in single-family premiums is "definitely something to look at," said Frank Cassidy, who slashed some for multifamily while at HUD.

Northmarq CEO Jeff Weidell will be installed as vice chairman this October. After a year in the role, he is expected to be chairman-elect in 2028 and then chairman in 2029.

Tiffany To, CEO and co-founder of Ontollo, is bringing her background in enterprise artificial intelligence to the board of PennyMac Financial Services.

The nonbank mortgage giant, which acquired Mr. Cooper and Redfin last year, will use two longer-term borrowings to repay obligations more immediately due.

The larger opportunity, worth $10 million, focuses on tests that use robotics and AI to improve the manufacturing of factory-built housing.