UWM decided this year to bring servicing in-house, following the acquisition of Mr. Cooper Group by its main rival, Rocket Companies. Lenders across the industry are seeking to expand their servicing portfolios... Read more »
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported an average net loss of $1,015 on each loan they originated in the third quarter of 2023. That’s nearly double the... Read more »