UWM Holdings Corp. is facing a securities fraud investigation and fresh cuts on Wall Street after reporting a loss for the second quarter and a $2.05 billion capital raise. UWM reported that a hedge established around its attempted acquisition of Two Harbors Investment Corp.’s mortgage servicing rig

United Wholesale Mortgage (UWM) filed a lawsuit on Monday that accuses Two Harbors Investment Corp. (TWO) of willfully breaching its merger agreement and committing fraud while pursuing a competing deal with CrossCountry Mortgage (CCM). UWM alleges TWO’s leadership deliberately undermined the stockh

Following a strong second-quarter earnings report, analysts at Keefe, Bruyette & Woods (KBW) released a positive forecast for Ellington Financial and its reverse mortgage subsidiary, Longbridge Financial. In a note to investors published over the weekend, KBW said that it was “moderately raising” it

As Americans celebrate our nation’s 250th birthday, we’re reflecting on the promises that have defined our country. Few are more fundamental than the opportunity to build a stable life. Yet for millions of Americans, that opportunity remains out of reach because they cannot find or afford a safe pla

I don’t know about you, but I seem to face my biggest demons head-on in the midst of a long run on the back farm roads of my little town in Tennessee. There is this constant push and pull throughout my six-plus miles on a Sunday morning where, in one thought, I’m praising myself, feeling like my fee

Mortgage spreads are once again playing our friendly neighborhood housing hero by keeping mortgage rates under 7% in a crazy, hectic year. This has allowed housing to stay intact, sales-wise. While sales in our weekly tracker data have slowed down, as they typically do once mortgage rates get above

The Fed hawks must feel very awkward today. Before the July Fed meeting, Fed Governor Chris Waller said that if the July CPI report came in hot, a July rate hike would be on the table. Since that day, CPI inflation came in as a big miss, PPI inflation came in as a big miss, and today the jobs number

President Donald Trump is reportedly moving forward with a renewed attempt to remove Federal Reserve Gov. Lisa Cook over mortgage fraud allegations.  The White House this week sent Cook a letter stating the president is “considering” removing her and demanding she respond to the allegations within t

Fitch Ratings downgraded the long-term issuer default ratings of United Wholesale Mortgage (UWM) to B+ from BB-, citing a sharp increase in leverage driven by second-quarter losses and higher borrowings. UWM’s ratings outlook is stable, Fitch said. UWM’s corporate leverage, measured as gross nonfund

REMAX and Keller Williams have received final approval of their homebuyer commission lawsuit settlement agreements in the Batton 1 lawsuit.  Judge LaShonda Hunt, who is overseeing both of the Batton lawsuits, granted final approval to both settlements this week after a fairness hearing on Tuesday. 

There is a number every listing agent should be able to explain this week: 4.6%. It is the premium Compass says its private listings earn sellers. There is a second number that says the opposite. And there is now a third party, the United States Congress, asking which one is true. Start with Washing

Ellington Financial Inc. on Thursday reported second-quarter 2026 net income attributable to common stockholders of $54.4 million, driven by strong loan credit performance and growing reverse mortgage production at its Longbridge Financial subsidiary. The Connecticut-based real estate investment tru

The Gibson home seller commission lawsuit plaintiffs have been authorized to send a notice to all of the MLSs that opted into the National Association of Realtors’ (NAR) commission lawsuit settlement reminding them of their responsibilities in the settlement.  This comes after Judge Stephen Bough, w

Millrose Properties, whose spin-off from Lennar less than 18 months ago ushered in a modern era for residential development land-banking, is showing signs it is not an investment model entirely immune to a fitful homebuilding market, but is holding steady nevertheless. Millrose’s Q2 2026 earnings ca

Achieve has closed a $261.5 million securitization of newly originated home equity lines of credit (HELOCs), its first of 2026 and ninth overall, the company announced Friday. The transaction is backed by 3,129 HELOCs. As of June 30, the cutoff date for the securitization, the pool had a total unpai

Better Home & Finance Holding Co. anticipates a tough third quarter as it rolls out a new strategic plan under the interim leadership of Daniel Lewis. “The board concluded that we are in a transitional phase between a founder-mode company — which is about creativity and many different projects — and

Log out of ChatGPT. Not forever. Just for the length of this column. You can log back in at the end. I’ll tell you what to do differently.  One of the most-followed executives in mortgage just paid a top LinkedIn voice a few thousand dollars to spend eight weeks teaching him how to have AI produce a

I’ve always believed that leadership has a dress code. Not the one about what you wear. This one is about the connections you carry and the circles you run in. You won’t find it in the company handbook or on the values slide during onboarding. No one admits it exists. But watch long enough, and you’

Blend Labs on Thursday reported higher second-quarter revenue and a narrower operating loss, driven by growth in its software platform business as the digital mortgage technology provider expanded customer relationships and rolled out its new AI-powered Autopilot product. The San Francisco-based com

Rocket Companies reported high second-quarter earnings on Thursday, driven by increased mortgage origination volume, servicing income and record market share gains in both purchase and refinance lending, even as the broader housing market remained challenging. The Detroit-based lender reported Q2 20