UWM broker ultimatum tied to 5 bps price drop at rivals
United Wholesale Mortgage (UWM)’s 2021 move to bar its broker partners from also sending loans to Rocket Mortgage drove an average price decrease of 5 basis points per loan at companies not targeted by the policy, according to a new academic paper. The analysis, conducted by Spencer Stone of the Uni
Zillow says conspiracy, MRED and Compass say Zillow did this to itself
After exchanging post-hearing briefs late last week in their ongoing antitrust dispute, Zillow, Midwest Real Estate Data (MRED) and Compass filed replies to each others’ briefs on Monday. In briefs filed last Thursday, Zillow alleged an “unlawful conspiracy” to cut off its access to Chicagoland lis
Christy Soukhamneut on joining Stockton Mortgage as chief strategy and innovation officer
Stockton Mortgage recently announced that it has appointed Christy Soukhamneut as its new chief strategy and innovation officer. Soukhamneut brings more than 20 years of executive leadership experience across independent mortgage banks, banks and credit unions — including prior roles with University
Bank regulators issue guidance on credit risk for unauthorized workers
Federal banking regulators on Monday issued guidance to remind financial institutions of their existing obligations for managing credit risk when lending to borrowers who are not legally authorized to work in the U.S. The Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance
