Origination

United Wholesale Mortgage launched a "first-of-its-kind" ChatGPT plugin that connects borrowers with independent mortgage brokers across the country.

With the 10-year Treasury yield hitting a 19-month high, mortgage industry executives are bracing for a tougher-than-usual end of year.

Workforce solutions firm 3N Performance agreed to a Washington consent order after officials found it had engaged in unlicensed processing and underwriting.

"The direction of travel is going to be higher yields from here," said Laura Cooper, global investment strategist at Nuveen. "Term premium likely has to be higher to compensate for this confluence of risks." 

The nation's largest homebuilder is fending off accusations that it misled home buyers on their escrow estimates and saddled them with steep increases.

Bank of America Securities research shows this sector has had its best year since at least 2017, but some trends in the market point to a need for caution.

Besides the opportunities in build-to-rent housing for mortgage originators, credit profile of single-family rental loans should improve, Morningstar DBRS said.

After Warsh reiterated his commitment to bringing down inflation in a highly anticipated speech on Friday, swaps traders see a rate hike as more likely than not at the central bank's next decision in mid-September.

The homebuilding giant reported two separate cyber incidents this year, with the most recent breach of its mortgage unit affecting more than 348,000 individuals.

The move threatens IMBs and outside loan originators who rely on real estate agents for referrals, as the company aims to keep borrowers within its platform.