“The refi boom has not fully materialized, but we have seen a preview of it and were able to capitalize on it instantly while others were caught flat footed,” Mat Ishbia, chairman and CEO of UWM, said Thursday during the lender’s earnings call.

Movements in Treasury yields — rather than actions by the Fed — have been a bigger driver in changes to interest rates on mortgages recently.

The capital relief will be provided via an adjustment to MSR values.

One Company, One Exam aims to streamline mortgage examinations for companies by completing one state exam per company using a series of standardized exam questions.

The modest decline in delinquencies in the third quarter was tied to early-stage delinquencies, while later-stage delinquencies increased.

Hedging gains in the third quarter didn’t fully wipe out a $446.1 million decline in fair value of MSRs at UWM.

Trump's economic policies could limit rate cuts by the Fed in 2025.

Declining interest rates during the third quarter contributed to a negative $145.8 million mark on the value of Guild’s mortgage servicing rights.

Some $30.44 billion of multifamily loans went into commercial MBS issuance in the third quarter, a 46.1% increase from the second quarter.

The wholesale royalty cost for a FICO credit score for mortgage originations will increase by 41% in 2025 to $4.95.