Will the allegations against United Wholesale Mortgage amount to anything more than a slight decline in the nonbank's stock?

The correspondent channel accounted for 47.5% of FHA/VA originations in 2023, up from a 46.8% share in 2022, based on volume from a subset of lenders that produced the majority of FHA/VA volume.

Priorities for 2024 include clarifying the mission of the FHLBank system and aligning eligibility requirements for different types of FHLBank members.

"If a lender has a full array of products ... [they] serve the credit needs of low- and moderate-income borrowers as well as borrowers in communities of color," said Maurice Jordain-Earl, managing director of Compliance Tech.

Researchers found that local banks exploit their superior information about housing prices when deciding whether to hold loans in their portfolio.

Locks increased by 15.4% on a monthly basis in March, driven by purchase mortgages.

United Wholesale Mortgage had 6,700 employees as of the end of 2023, up 11.7%, the largest increase among the lenders in the analysis.

Hunterbrook shorted UWM’s stock ahead of the publication of its allegations and went long on Rocket Companies.

Fitch said issues with commercial loans could prompt the failure of “a moderate number of predominantly smaller banks.”

Given that scammers are using artificial intelligence to mimic voices of trusted sources, Violet Sullivan, assistant vice president at Crum & Forster Insurance, recommended mortgage companies require the source to provide a code word or phrase during verbal confirmation of a transaction.