A semi-serious post on the Mortgage Grapevine is titled “Brokers are going to rule once again!” The Voice of Reason is making the statement that with mini-correspondent and jumbo lending programs, the Wall St. conduits will need loans.
To see the reaction of other posters, go to
CrossCountry increased its agreed-to offer for the real estate investment trust by 50 cents per share, as UWM Holdings made an unsolicited bid on April 20.
The former Wall Street player blamed its decline on rising interest rates, trouble at its lending subsidiary, and debt stemming from the Great Financial Crisis.
The Federal Open Market Committee's April meeting — likely Federal Reserve Chair Jerome Powell's last — is unanimously expected to keep interest rates steady, but questions about energy, inflation and the upcoming transition in leadership still loom.
Jonathan Corr, the former CEO of Ellie Mae, is one of six new members of MeridianLink's board, added following its acquisition by Centerbridge Partners.
Newrez expects significant expense reductions from AI partnerships with HomeVision and Valon, as executives rule out mergers and a Rithm spinoff amid strong Q1 earnings.
More than half of the major metropolitan markets in the United States posted year-over-year price declines in February, according to a new report.
