UWM is offering a one-year price break of up to 300 basis points for mortgage borrowers. A price war? That’s how some in the industry view it. Note: Price wars have been known to end badly.
In a new supervisory roundup, the bureau cited mortgage companies for violating loan originator compensation rules and charging payment-method convenience fees.
A Cleveland homeowner says Nationstar (now known as Mr. Cooper) improperly declined his COVID-related loan-modification request. Nationstar acquired the servicing rights from another company.
The recent rise in interest rates has slowed the pace of home price appreciation, according to reports from Zillow, Redfin and the National Association of Realtors.