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. 

Blank-check company Aurora Acquisition Corp. issued a new 10-K mid-month, saying little about its merger partner Better.com. 

In a new supervisory roundup, the bureau cited mortgage companies for violating loan originator compensation rules and charging payment-method convenience fees. 

The relationship between waivers and prepayments began to decline in April 2021, as the refinance wave cooled.

Thousands of mortgage workers have been handed pink slips this year as companies move to cut costs. But it appears many shops aren’t telling the states, as required by law. Is there a rational explanation?

Despite significant erosion in conventional-conforming and jumbo lending in the third quarter, a few shops managed to boost originations. FHA/VA lending was relatively safer. (Includes two data charts.)

Mat Ishbia’s UWM now has bragging rights to being the largest home lender in the land. His view on the market: up to 15 more months of tough sledding. As for profit margins, he may have to drive them lower.

After profiting from soaring home prices the past two years, Fannie and Freddie now have to sock away money as residential values begin to decline.

It’s been a roller coaster ride for Finance of America and its shareholders. Rising rates have hammered its business lines and it’s anticipated the company will exit the MSR arena. FoA went public just over 18 months ago.

UWM’s CEO, a former college basketball player, is contemplating making a bid on the NFL Commanders franchise. Will it come to pass? Meanwhile, one large non-QM shop is ready to make retail cuts.