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CEO Anthony Hsieh said refinances should provide notable benefit to its direct lending unit a day after LoanDepot announced a return to the wholesale channel.
March 10
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The company dropped the broker channel just months after Frank Martell became CEO; now that Anthony Hsieh is running things again, LoanDepot brought it back.
March 9
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The merger adds strengths of Direct Mortgage's conventional and government segments to the Lendermac platform, supporting the latter's growth ambitions.
February 25 -
The massive wholesale lender's new website stands opposite rival United Wholesale Mortgage's own originator portal which it launched in 2018.
September 30
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The massive lender and servicer continues to tout its recapture opportunity, with a quarter of its $700 billion portfolio holding note rates above 6%.
July 22
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The newest addition to the Panorama group of companies aims at offering opportunities to first-time home buyers through wholesale and correspondent channels.
July 10
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California-based Dunmor said it is launching a wholesale division, which will be led by a former Newfi executive.
July 8
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The top five banks had a combined wholesale volume of more than $18 billion at the end of the first quarter.
June 2
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Mortgage brokers say hurdles more pressing than a high interest rate environment range from nationwide inventory shortages to property tax increases.
May 19
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Atlantic Trust Mortgage was recently dealt another legal blow after a federal judge in Michigan refused to dismiss UWM's All-In lawsuit against the brokerage.
May 2
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David Spector, the firm's CEO, touted Pennymac's technology, consistency and support for the broker channel.
April 28
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Ligation by the Ohio attorney general claims UWM has turned brokers in its network into retail loan officers who solely work for the company.
April 17
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Executives from three wholesale shops, including PRMG, The Loan Store and Newfi, dissected the regulatory landscape and how some developments might impact the broker channel.
April 14
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The advocacy executive said there was a lot of misinformation regarding Rocket Pro and that the "rumors versus reality is very different."
April 11
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Judges ruled that Atlantic Trust and District Lending continuing to send loans to UWM after the controversial amendment equates to accepting the ultimatum.
April 1
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Kind Lending has big plans to grow its retail channel and is signaling this by putting industry veteran Tammy Richards in charge of the operations.
March 20
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This is the second suit related to United Wholesale Mortgage's All-In initiative to get recommended for dismissal in a federal court.
April 1
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The wholesale giant meanwhile is suing four partners for selling loans to Rocket Mortgage and Fairway Independent Mortgage Corp., in violation of its 2021 decree.
February 8
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The company, and Rocket, had been targets of United Wholesale Mortgage's All-In campaign, which punished independent brokers who did business with the UWM rivals.
February 2
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Over 70 loans were allegedly sent to competitors by the independent mortgage banker, a suit filed by UWM alleges.
January 30
