UWM more than tripled its nonconforming originations in the first quarter of 2024 compared with the first quarter of 2023. Brokers gained share from both the retail and correspondent channels. (Includes data table.)

In Georgia, investors who hold mortgages set for quick securitization will be exempted from the licensing requirements if they hold the loans for 14 or fewer days.

The broker channel remains the smallest of the three primary origination channels, though it showed the most growth in the first quarter. An estimated 19.1% of first-lien originations came through brokers.

A&D Mortgage highlighted the advantages of bank statement loan products during a recent webinar.

UWM has sued Atlantic Trust Mortgage for allegedly breaking a contract term that barred it from originating loans with Rocket Mortgage.

Katie Sweeney, CEO of the Association of Independent Mortgage Experts, is stepping down to lead AIME offshoot Broker Action Coalition.

While the retail channel remained the predominant source for jumbo lending, originations through the channel fell 9.0% from the second to the third quarter. Correspondents and brokers gained share. (Includes data table.)

Blend paid down a portion of a term loan and extended the loan; Capital City Bank faces material weakness in internal controls; Associated Bank adjusts portfolio lending strategy; First American fined for cybersecurity breach; MISMO launches eVault standards; new tech platform for brokers.

Wholesale mortgages accounted for nearly 20% of Citizens Bank’s originations this year. The bank joins many others that have fled the sector following 2008.

Sources tell Inside The GSEs that loans brokered by New York-based multifamily lender are currently ineligible for delivery to Freddie Mac.