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UWM’s Mat Ishbia Buys Phoenix Suns, Mercury

UWM’s Mat Ishbia Buys Phoenix Suns, Mercury

Friday, 30 December 2022
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United Wholesale Mortgage CEO Mat Ishbia and his brother Justin Ishbia have signed a deal to buy the Phoenix Suns and Mercury. So reports DBusiness. Read more...
Lender Sued by NASCAR Team for Breach of Sponsor Deal

Lender Sued by NASCAR Team for Breach of Sponsor Deal

Friday, 09 December 2022
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Atlanta-based mortgage lender Equity Prime Mortgage has been hit with a lawsuit by NASCAR team Jesse Iwuji Motorsport. So reports stock-car racing news blogger Toby Christie. Read more...
Two Found Guilty of Scamming 800 'Desperate' Homeowners

Two Found Guilty of Scamming 800 'Desperate' Homeowners

Friday, 09 December 2022
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A federal jury in Cincinnati has found two people guilty for taking part in a foreclosure rescue scam that prosecutors say duped almost 800 homeowners nationwide. So reports MarketWatch. Read more...
Setpoint, Fintech Startup for Mortgage Originators, Raises $43M

Setpoint, Fintech Startup for Mortgage Originators, Raises $43M

Friday, 09 December 2022
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Setpoint, a New York-based startup that builds software to help make loan transactions easier for mortgage originators, has another $43 million in the bank. So reports FinTech Magazine. Read more...
Ask The Expert: I'm Tired of Getting Beat on Rate. What Can I Do?

Ask The Expert: I'm Tired of Getting Beat on Rate. What Can I Do?

Thursday, 08 December 2022
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In my past column, I answered a question I have been getting from many loan officers regarding losing business based on rates. I have more thoughts on the subject. But first, as a reminder, here's the question: "I am so tired of getting beat out on rate. I have been in the business for 20… Read more...
Reaching Gen Z Homebuyers: The Non-negotiable Skill You Need

Reaching Gen Z Homebuyers: The Non-negotiable Skill You Need

Thursday, 08 December 2022
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Originators who want to connect with Gen Z–the next group of prospective homebuyers–will need to cultivate a robust online presence on social media platforms. Read more...
Ask The Expert: Have I Lost My Touch, or Has the World Gone Mad?

Ask The Expert: Have I Lost My Touch, or Has the World Gone Mad?

Friday, 02 December 2022
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Several loan officers have written in expressing sentiments similar to this: "I am so tired of getting beat out on rate. I have been in the business for 20 years and it seems either I have lost my touch, or has the world gone mad? Either way, it is totally demotivating." Read more...
Wells Fargo Lays Off Hundreds More Mortgage Pros

Wells Fargo Lays Off Hundreds More Mortgage Pros

Friday, 02 December 2022
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Wells Fargo has conducted another round of layoffs to its mortgage division, jettisoning hundreds of employees. So reports Bloomberg. Read more...
Mortgage Slump: Chance for Lenders to Catch Up on Tech?

Mortgage Slump: Chance for Lenders to Catch Up on Tech?

Friday, 02 December 2022
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Many mortgage lenders already own technology that they aren’t using and they are ready to take control of it now that origination volumes are past their COVID-19-era heights, one pundit has observed. So reports Mortgage Orb. Read more...
Lawyer, Developer Plead Guilty to $3.5M Mortgage Fraud

Lawyer, Developer Plead Guilty to $3.5M Mortgage Fraud

Friday, 02 December 2022
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An attorney and a real estate developer from New Jersey have each admitted to conspiring to orchestrate a mortgage fraud scheme that caused a lender, Fannie Mae and insurers to lose more than $3.5 million. So reports My Central Jersey. Read more...

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