FHFA will make “some decisions” regarding credit score costs shortly, according to Bill Pulte.

Freddie is touting the use of machine learning in LPA and cost savings for lenders.

UWM is investing in tech rather than looking to acquire mortgage companies.

Ken DeGiorgio, the now-former CEO of First American Financial, is facing a federal assault charge for an altercation that occurred on a cruise ship in late March.

Locks for mortgages increased by 17.1% on a monthly basis in March.

“UWM will be discontinuing our subservicing relationship with Mr. Cooper and they will no longer be [a mortgage servicing right] sale partner,” a UWM spokesperson said.

Tomo will use the proceeds to hire additional loan officers, processors and underwriters.

Lawrence Yun, chief economist at NAR, said “the momentum for home sales is flashing encouraging signs.”

“The CDFI Fund is a targeted, accountable and impactful program that enables private capital to do more for more Americans,” industry trade groups wrote.

Homes for sale that went under contract in February were on the market for an average of 54 days, the longest period for any February since 2020, according to Redfin.