After spiking last week, mortgage rates remained relatively stable this week. But the question for housing market professionals is whether the brisk spring homebuying season that was anticipated at the start of 2026 will actually materialize due to rising headwinds. Mortgage News Daily reported Monday that 30-year fixed rates averaged 6.14%, their highest level in…
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United Holding Corp., the parent of United Wholesale Mortgage (UWM), raised the bar on 2026 revenue expectations, issuing guidance just days ahead of a shareholder vote from Two Harbors Investment Corp. on UWM’s proposed $1.3 billion all-stock acquisition. “Even without the Two Harbors transaction, we now expect our total revenue for the first quarter of…
A new survey of financial institutions suggests that although banking is rapidly adopting artificial intelligence, it still lacks the strategy, infrastructure and governance needed to scale the technology responsibly. A recent whitepaper released by Wolters Kluwer found that about 61% of financial institutions have either deployed AI or machine learning tools in production or are…
New Jersey Realtors, which represents more than 53,000 Realtors in the state, is calling for relief from New Jersey’s Graduated Percent Fee on residential housing transactions. Since its implementation, the group argues the policy has added costs to real estate transactions at a time when housing affordability remains a major concern across the state. The…