Mortgage Industry Adapts to Rising Interest Rates The U.S. mortgage industry is adapting to rising interest rates, transforming lending strategies, and borrower behaviors. This article explores the implications for lenders and borrowers, offering insights into new trends and strategies.

Estimated reading time: 0 minutes, 26 seconds

United Wholesale CEO Says Ultimatum Against Rocket Worked

United Wholesale Mortgage CEO Mat Ishbia has chalked up, as a big win, his contentious tactic that required mortgage brokers to choose between his company and Rocket Companies. So reports the Detroit Free Press.

United Wholesale Mortgage“I couldn’t have imagined it going so well,” Ishbia said of the ultimatum, which took effect in March.

The comments came in an earnings call with analysts, as United Wholesale posted a first-quarter profit of $860 million, versus $20.3 million a year earlier and $1.37 million in fourth-quarter 2020.

Read the full article from Detroit Free Press.

Read 2963 times
Rate this item
(0 votes)

FOLLOW US