This HousingWire Daily episode examines United Wholesale Mortgage's recent announcement that it will no longer partner with brokers who also work with Rocket and Fairway, sharing the latest updates on the story.
For the first time ever, Rocket Pro TPO has disclosed how much business it does in the broker space. The lender says UWM's ultimatum was borne out of fear. HW+ Premium Content
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Demand for homes will be bolstered by an improving job market, favorable demographic trends, and mortgage rates that, while rising, are still low from a historical perspective. The unemployment rate, which was at 6.2% in February, is expected to drop to 4.7% by the end of the year, with hiring accelerated by a surge of consumer spending as pandemic restrictions are lifted.
For many in the housing industry, the events of 2020 accelerated tech adoption. Despite the increased pace, the industry as a whole still has room for continued tech development and usage. HousingWire sat down with Renata Sheyner, vice president of product at CreditXpert, to learn more about key technologies that lenders need to give more attention to. Presented by CreditXpert
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