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UWM launches Refi ’86 pricing incentive, upgrades to Mia AI assistant

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UWM launched Refi ’86, an 86-bps refi pricing incentive through June 30, and added Mia On Demand plus Mia Español updates.

LendingLife

Kevin Warsh confirmed as Fed chair as mortgage lenders look for stability

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The Senate confirmed Kevin Warsh on Wednesday to succeed Jerome Powell as chairman of the Federal Reserve, sparking hopes within the mortgage industry for less volatility as Warsh takes the helm of the central bank.

LendingLife

Movement’s reverse mortgage leaders on forming better sales strategies

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At a time when some reverse mortgage lenders are struggling to bring new business through the door, Movement Mortgage is an example of a company that’s posting modest growth through organic lead generation and purpose-driven leadership.

LendingLife

GO Mortgage expands by launching TPO channel

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GO Mortgage has launched a third-party origination channel built on a new wholesale platform. Leading the effort is Rob Saunders, who was named executive vice president of TPO production.

LendingLife

Two Harbors board unanimously rejects UWM bid, calls it ‘predatory’

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Two Harbors rejected UWM’s $12.50 offer, citing financing, MSR valuation and execution risk ahead of a May 19 vote.

LendingLife

Big mortgage lenders stay profitable, but cracks emerge as rates climb

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A consistent theme emerged from the latest mortgage earnings season: higher interest rates and macroeconomic volatility are dampening second-quarter expectations.