UWM Holdings has gone ahead and sued Two Harbors Investment over their failed merger transaction as alluded to by Mat Ishbia, chairman, CEO and president, on last week’s earnings call. Processing Content The filing, which HousingWire reported on earlier, was made in the U.S. District Court of Maryland and alleges willful breach of contract and […]
UWM sues Two Harbors claiming willful breach of contract Read More »
Credit ratings and equity researchers are generally moderating their view of public nonbank mortgage companies as earnings get reported, but they foresee outlooks potentially stabilizing if they address certain market changes. Processing Content For one, while some origination volume numbers did get somewhat of a seasonal lift in and a bit of a reprieve in
Nonbank mortgage analyses point to how strategies must shift Read More »
New data showed contrasting signals for the U.S. housing market, as home equity levels hit record highs, showing sustained strength, while noticeable heightened stress affected certain segments of borrowers, according to ICE Mortgage Technology. Processing Content Accrued equity among mortgage holders accelerated to $18 trillion for the first time on record in July, the home
Record home equity masks troubling rise in underwater loans Read More »