United Wholesale Mortgage (UWM) is rolling out free 1-0 temporary rate buydowns on purchase loans alongside a new suite of home equity products aimed at helping brokers retain borrowers. Effective immediately, the lender will cover the cost of 1-0 buydowns on both conventional and government purchase mortgages, issuing a credit to fully offset the expense….
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Deephaven Mortgage LLC has expanded its Equity Advantage HELOC product for wholesale and correspondent partners in 2026, doubling the maximum line amount to $1 million and broadening eligibility and geography, according to a company announcement. The non-QM lender’s digital first- and second-lien HELOC now offers a maximum line of $1,000,000, up from $500,000, with a…
Having spent meaningful time with Veev’s leadership team four years ago, including deep strategy discussions and a formal dialogue around a potential Chief Strategy Officer role, I’ve had a firsthand view into both the ambition behind the model and the friction points that have challenged its execution. Anthony Carroll’s recent departure from Veev, Lennar’s bold…
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…