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UWM Pitches Changes to Address Affordability

March 13, 2025
Brandon Ivey
The chief innovation officer at United Wholesale Mortgage testified at a hearing in Congress this week on housing affordability. Senators at the hearing largely focused on issues outside of the mortgage market.
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Consumers More Pessimistic About Housing Market

March 13, 2025
James Dohnert
A Fannie Mae index that measures housing sentiment declined on an annual basis in February, marking the first annual decline in housing sentiment since 2023.
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Grapevine: Nominations Move Forward; loanDepot CEO to Step Down

March 13, 2025
Brandon Ivey
Nominations for leaders at CFPB, FHFA waiting for full Senate vote; loanDepot CEO Frank Martell to step down; newer digital lender receives investment from Progressive Insurance.
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Tariff Uncertainty Looms Over the Mortgage Industry

March 6, 2025
Shannon Clark
Prices are expected to rise for homebuilders, mortgage companies and consumers as the Trump administration implements new tariffs.
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McKernan Promises CFPB Will Run, But on Short Leash

March 6, 2025
Shannon Clark
The CFPB director nominee detailed plans for the bureau at his Senate confirmation hearing last week.
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Pulte Muffles Expectations for a Quick End to Conservatorships

March 6, 2025
Dennis Hollier
During a confirmation hearing last week, Trump’s nominee to head FHFA was noncommittal in response to questions about GSE reform, a hint that the administration has other priorities.
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Mortgage LO Clawbacks Ease Somewhat

March 6, 2025
Paul Muolo
Loan officers have been the subject of compensation clawbacks, but the situation has actually eased somewhat.
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High Interest Rates, Investor Demand Boosting MSR Sales

March 6, 2025
Brandon Ivey
MSR buyers believe that there will be plenty of supply of the asset this year as mortgage originators face difficulties from high interest rates. UWM, the largest lender in the industry, is willing to sell if the price is right.
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GAO: Housing Finance Remains a ‘High-Risk Area’

March 6, 2025
Dennis Hollier
The government watchdog said federal agencies associated with housing finance have met three of five critical criteria for mitigating the risk they pose to taxpayers.
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Conforming Loan Limits and Bank Competition

March 6, 2025
Dennis Hollier
The annual increase in conforming loan limits creates a natural experiment for economists to examine how competition from nonbanks influences the operations of depositories.
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