Plaintiffs filed an amended complaint against Veterans United Home Loans, owned by Mortgage Research Center, adding claims of “bait-and-switch” and misleading advertising tactics, according to court filings reviewed by HousingWire. The original complaint filed in February alleges the lender misled homebuyers into believing it is connected to the U.S. Department of Veterans Affairs (VA), while…
"May 2026" Archives
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Across the United States, there are over 500 MLSs serving real estate professionals. While some MLSs share nearly identical rules and policies, there are still countless ways in which they differ, posing challenges for many brokers. As the National Association of Realtors (NAR) turns over more rule-making and enforcement power to local associations and MLSs,…
United Wholesale Mortgage (UWM) saw its origination engine cool in the first quarter compared to the previous three months, but the lender held the line on margins and remained profitable. Meanwhile, on the servicing strategy, UWM is steadily pulling more of its portfolio in-house as it battles CrossCountry Mortgage to acquire Two Harbors Investment Corp….
Finance of America on Monday reported first-quarter net income of $35.2 million, swinging from a loss in the prior quarter as the reverse mortgage lender benefited from higher origination activity, improved operating leverage and gains tied to portfolio valuations. The Plano, Texas-based company said it earned $1.93 per basic share for the quarter ended March…