By prohibiting its affiliate brokers from sending loans to Rocket Mortgage, United Wholesale Mortgage induced price cuts by brokers not covered by its exclusivity agreements.

Rocket issued $41.35 billion of agency MBS in the April-June period, up 15.1% from the first quarter, with a surge in Ginnie loans.

After months of delays, Two Harbors got its shareholders to agree to the company’s acquisition by CrossCountry Mortgage. The deal is expected to close in August.

The agreement ends a lengthy process that included four shareholder vote postponements and a public bidding war with United Wholesale Mortgage.

United Wholesale Mortgage joins a growing list of lenders offering a specialized mortgage product to medical professionals.

The delay to July 2 is the fourth time a shareholder vote on CrossCountry’s bid for Two Harbors has been pushed back.

Another vote delay adds more uncertainty to the proposed merger between CrossCountry Mortgage and Two Harbor Investments.

Ahead of a shareholder vote, the Two Harbors board of directors has reaffirmed its positive stance on CrossCountry's proposed merger.

A Michigan court held United Wholesale Mortgage in civil contempt and ordered the company to present its CEO for a deposition as part of an ongoing lawsuit regarding the company’s “all-in” initiative.

Two Harbors disclosed today that it discussed options with UWM CEO Mat Ishbia during a Zoom call on Thursday. However, no new offer was submitted ahead of the Friday deadline.