The market’s response to the attacks is in line with its recent divergence from historical reactions to outside stressors, said Andrew Rhodes, head of trading at Mortgage Capital Trading.
“We have built a profitable, scalable platform, and now we have the tools to fundamentally rewire how our customers operate,” said Nima Ghamsari, head of Blend.
The Mortgage Bankers Association said it believes the CFPB's complaint database would be most effective if it functioned as a “secondary escalation mechanism,” available after a consumer has attempted to resolve the issue directly with the company.
UWM is projecting revenue of between $800 million and $900 million for the first quarter of 2025, rather than the forecast of between $650 million and $850 million in revenue offered less than two weeks earlier.