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Lending (1573)

UWM Profit Shrinks to $215M in 2Q, Besting Rocket

UWM Profit Shrinks to $215M in 2Q, Besting Rocket

Saturday, 20 August 2022
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United Wholesale Mortgage has declared $215 million in net income for the second quarter, down from $453 million in the first quarter. However, it still bested the $139 million it saw during the same period last year. So reports the Detroit Free Press. Read more...
Rate Lock Volume Keeps Falling From 2021’s Boom Levels: MCT

Rate Lock Volume Keeps Falling From 2021’s Boom Levels: MCT

Saturday, 20 August 2022
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Overall rate lock volume tumbled 46.5% in July when compared with the lofty heights reached during the same month last year. That’s according to Mortgage Capital Trading’s latest MCTlive! Lock Volume Indices. Read more...
Santander Bank, Rocket Mortgage Team Up

Santander Bank, Rocket Mortgage Team Up

Wednesday, 10 August 2022
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Rocket Mortgage is now the exclusive preferred mortgage provider for Santander Bank customers, the companies announced. Read more...
Rate Locks Fall in July for Fourth Straight Month: Black Knight

Rate Locks Fall in July for Fourth Straight Month: Black Knight

Monday, 08 August 2022
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Rate lock activity slid 14.4% in July, marking a fourth consecutive month of declines. That’s according to Black Knight’s latest Originations Market Monitor report. Read more...
Mortgage Demand Posts First Weekly Increase Since June

Mortgage Demand Posts First Weekly Increase Since June

Sunday, 07 August 2022
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A key weekly measure of mortgage demand has edged upward, marking its first weekly rise since June 24. So reports CNBC. Read more...
Cost-Cutting Leads Lenders' 2022 Business Priorities: Fannie Mae

Cost-Cutting Leads Lenders' 2022 Business Priorities: Fannie Mae

Friday, 05 August 2022
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Reducing expenses has become the most commonly cited business priority among senior mortgage executives surveyed by Fannie Mae, the mortgage finance giant announced. Read more...
Loan Transfers Hurt Customer Satisfaction: J.D. Power

Loan Transfers Hurt Customer Satisfaction: J.D. Power

Sunday, 07 August 2022
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Customer satisfaction suffers when a loan is transferred from an originator to a different servicer. That’s according to J.D. Power’s 2022 U.S. Mortgage Servicer Satisfaction Study. Read more...
Mortgage Rates Tick Up as Activity Hits 22-Year Low

Mortgage Rates Tick Up as Activity Hits 22-Year Low

Thursday, 21 July 2022
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Weekly long-term U.S. mortgage rates have inched upward, as mortgage demand sank to its lowest in 22 years. So reports Yahoo! Money. Read more...
Rocket Mortgage Expands Into Canada with Edison Rebrand

Rocket Mortgage Expands Into Canada with Edison Rebrand

Thursday, 21 July 2022
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Windsor, Ontario-based digital mortgage broker Edison Financial has announced that it is changing its name to Rocket Mortgage Canada, bringing the biggest U.S. mortgage company’s brand to the Great White North. So reports Toronto’s Storeys. Read more...
United Wholesale Mortgage CFO Timothy Forrester Dies at 55

United Wholesale Mortgage CFO Timothy Forrester Dies at 55

Thursday, 21 July 2022
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United Wholesale Mortgage chief financial officer Timothy Forrester has passed away at age 55 after a fight with cancer. So reports The Detroit News. Read more...

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