United Wholesale Mortgage (UWM), the largest originator in America, originated $139.4 billion in mortgages in 2024 on its way to a net profit of $329.4 million. All told, the wholesale lender turned around a financial loss of $69.8 million in 2023 and improved gain-on-sale margins to 110 basis points, up from 92 bps in the…
"February 26, 2025" Archives
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Homebuilders that are facing numerous policy headwinds haven’t had a great start to 2025, and the January new-home sales report doesn’t help. According to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD), new-home sales in January came in at a seasonally adjusted annual rate of 657,000, a 10.5% drop…
A new artificial intelligence workflow solution called HouseWhisper has entered the market, backed a new seed round of funding of $6.7 million.
There’s rising anxiety among investors and consumers about the potential impacts of a trade war, surveys show, with stock prices and bond yields retreating as March 4 deadline looms.