The shareholder vote on a Two Harbors merger with CrossCountry Mortgage was postponed until June 11.

“Regulators are taking more notice of this part of the market,” Bob Broeksmit, president and CEO of the Mortgage Bankers Association, said of the non-agency sector.

First Colony has fully deployed the AI-powered point-of-sale platform after a pilot rollout.

United Wholesale Mortgage is offering brokers an 86-basis-point pricing incentive to celebrate the lender's 40th anniversary.

Jun Choi and Richard Tak are the sole owners of Mortgage One. They will receive 300,000 shares of Linkhome’s stock, which is trading at around $1.00 per share.

Following UWM's announcement, CrossCountry Mortgage modified its bid for Two Harbors.

Two Harbors said the structure of UWM’s offer is “fundamentally illusory and predatory,” noting that UWM’s stock price has been declining, among other issues.

“The outlook for the months ahead remains fragile as volatile mortgage rates and economic uncertainty continue to be headwinds,” said Lisa Sturtevant, chief economist at Bright MLS, a multiple listing service covering the Mid-Atlantic region.

United Wholesale Mortgage has increased its bid for Two Harbors Investment after CrossCountry Mortgage matched its previous bid for the real estate investment trust.

The transaction includes servicing on 800,000 loans representing about $197 billion in unpaid principal balance.