The move marks a change of pace for UWM, which has been issuing its own non-agency MBS with GSE-eligible mortgages for investment properties.

Fannie Mae and Freddie Mac already offer 40-year loan modification terms.

Rocket recently extended two master repurchase agreements it has, one with Barclays Bank and another with Citibank.

The CEO detailed a variety of plans, from establishing asset management operations to venturing into home-equity products and expanding its footprint in business-purpose lending.

The nation’s sixth-ranked lender, loanDepot, doesn’t have a corporate back-to-the-office mandate yet...

New HELOCs and second mortgages were up 24% in the second quarter.

The plaintiff is former COO Tamara Richards, who was making at least $800,000 a year at loanDepot. She has a blue chip resume that includes stints at Bank of America (10 years), Caliber Home Loans and other shops.

The proprietary reverse mortgages in the MBS were originated by Reverse Mortgage Funding and Nationwide Equities.

One institution, USAA Federal Savings Bank, accounted for most of the decline.