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
What FHFA's counterparty suspension change may mean
The shift, which is in line with a similar one by other regulators, could be significant for mortgage businesses that work with Fannie Mae and Freddie Mac.
Pamela Heman
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