The bond market and mortgage rates have been on the move lower recently after hitting longer term highs at the end of July. Today offered a break from the recent movement with bonds and rates holding perfectly flat day-over-day. The upside is that this means it’s yet another day spent at the lowest levels in […]
Mortgage Rates Steady at 2 Week Lows Read More »
United Wholesale Mortgage surprised the market Tuesday afternoon with its second quarter earnings featuring a hedge-related net loss and a major investment. Processing Content The wholesale leader announced a $2.05 billion equity capital investment by Oaktree Capital Management and the Ishbia-family owned SFS Group Capital, a new investment vehicle. That will be used, among other
UWM 2Q earnings limp after failed Two Harbors deal Read More »
Key insight: Upstart expects to move most or all of its loan originations into the national bank it plans to open in early 2027, taking that work from the banks that serve as lender of record today. What’s at stake: Upstart paid its originating banks $11.2 million in premium and trailing fees in the first
Who loses when Upstart becomes its own lender? Read More »