Fun fact: Among the top 10 wholesalers, not one is a depository…

When was the last time the market saw a publicly traded wholesale-only lender?

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.

The acquisition includes Cohen’s servicing and asset management clients and roughly 120 employees.

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

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

As for competitive bids, that's a different matter entirely...

The MSRs are top heavy with California product at 44%...

Roughly 68% of the collateral is located in California. The seller would like to strike a sale agreement by the end of September.

Mining for gold in the hills of the mortgage vendor community? Hey, isn't that Bill Foley?