For weeks, there had been unconfirmed rumors that UWM might be contemplating an IPO but the missing ingredient was the SPAC. Based in Pontiac, MI, the privately held UWM, ranks third among all originators, according to figures compiled by Inside Mortgage Finance.

Demand for new non-QM MBS has returned to the levels seen before volatility in March prompted a pause in issuance.

The soft performance in the FHA/VA market was all due to declining production in the correspondent and wholesale-broker channels. Retail originations of government loans were up 38.4% for the survey group.

Under the Fed’s plan, a bank’s mortgage lending performance would be evaluated in two ways: a retail test and a community development measurement...

Both MFA and Starwood are involved in the market for non-qualified mortgages.

Due to a 2014 change in regulatory accounting policy, banks were required to assign a 100% risk weighting to warehouse loans…

In the first six months of 2020, originators of all stripes funded $23.3 billion of EC loans, accounting for 1.5% of total first-lien production. Somewhat surprisingly, lending volume for the sector was up 5.4% compared with the halfway point of 2019...

RE/MAX said the cost is expected to have a “negligible” impact on the firm’s earnings for the third quarter...

The nation’s 16^th largest servicer also disclosed it will restore incentive pay that was voluntarily given up by CEO Glen Messina.