United Wholesale Mortgage (UWM) president and CEO Mat Ishbia is pitching the lender’s $2.05 billion capital raise with Oaktree Capital Management and his family as a long-term strategic partnership to support the company’s growth. But the high cost of the structure and dilution are weighing on investors, alongside the fact that it follows several setbacks […]
After setbacks, UWM lands a massive check from Oaktree Read More »
Mortgage rates rose modestly on Thursday, with multiple lenders making mid-day adjustments in response to bond market volatility. Bonds remain highly attuned to war-related developments and the impact on oil prices which, in turn, have a bearing on inflation implications. Higher inflation begets higher interest rates, all else equal. In addition to the oil/inflation narrative,
Mortgage Rates Slightly Higher Ahead of Jobs Report Read More »
Better’s new boss is promoting the lender’s shift toward an enterprise strategy, a plan which could see it also expand into the wholesale space. Processing Content Interim CEO Daniel Lewis led his first earnings call Thursday afternoon, just days after founder and ex-CEO Vishal Garg agreed to transition to the board of directors. He inherits
Better’s new CEO pledges enterprise focus after another loss Read More »