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UWM Holdings Corp., the parent company of leading U.S. mortgage lender United Wholesale Mortgage (UWM), has raised $800 million through an unsecured debt offering, a 60% increase from its initial plan.  The offering, targeted at qualified investors, priced at 6.625% with senior notes due in 2030. These notes are guaranteed on a senior unsecured basis by UWM and share equal payment priority with the company’s existing senior unsecured notes. According to filings with the Securities and Exchange Commission (SEC), UWM plans to use the proceeds to pay down mortgage servicing rights (MSR) facilities and for general corporate purposes. The transaction…

Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. In a lengthy new conversation, National Association of Realtors President Kevin Sears called out the Department of Justice as “disrespectful,” and said his organization settled antitrust commission litigation in order to avoid leaving other industry players high and dry. Sears made the comments during an episode of Anthony Lamacchia’s podcast, Crush…

Near the end of the first Trump Administration, the Federal Housing Finance Agency (FHFA) finalized a capital rule for Fannie Mae and Freddie Mac. A December 2020 HousingWire article reported that this was part of an overall effort by FHFA to fulfill the statutory mandate of responsibly ending the Enterprises’ conservatorships — with Treasury Secretary Mnuchin testifying before Congress that the GSEs could be released from conservatorship once they accumulated significant capital. With a second Trump Administration imminent, speculation is growing that the GSEs could soon exit conservatorship. At a September CHLA Roundtable, former FHFA Director Mark Calabria said that there is…

Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. The past 18 months have been a trial by fire for Damian Eales, who came to Realtor.com amid a rough patch for the company that included declining traffic and lead volume sparked by pandemic-induced market headwinds. Amid his journey to set Realtor.com back on track, Eales has faced a number of…

As Compass looks ahead to 2025, Golod said the housing industry should expect to see more M&A action out of the largest firm in the country by sales volume. “We are actively working to grow all facets of our business, so that includes a mix of growing our current operations organically by bringing in great partners,“ Golod said. “Not only are we looking to attract and recruit top agents but also great loan officers on the mortgage front, and great title reps and escrow officers. But we are also looking at acquiring other companies in markets that give us a…

Find out how these real estate leaders bring their 33 years of combined experience and client-first approach to marketing properties throughout the Canadian prairies. Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. Shaped by their Greek heritage and through a life spent growing up in the restaurant business, brothers and managing partners Jonathan and Dimitri…

Even in a divided Congress, there is bipartisan support for learning more about how artificial intelligence, and especially gen AI, is being leveraged in the housing and banking industries. Two bipartisan measures introduced this week would address concerns about how banks use AI in property valuations and underwriting, among other issues. On Monday, representative and chair of the House Financial Services Committee, Patrick McHenry, a Republican from North Carolina, announced the introduction of a resolution, backed by Ranking Member Maxine Waters, a Democrat from California, to acknowledge the rising use of AI in financial services and the housing industry.  Then…

In the wake of NAR’s settlement and rule changes, now is the time to communicate confidently, get creative and position yourself as a knowledge broker, Buying Beverly Hills’ Jon Grauman writes. As we look forward at what it’ll take to thrive in 2025, Inman is celebrating the mighty Indie Broker. We’ll spend all of December delving into how independent brokers are acclimating in a post-commission settlement landscape, as well as what new tools and platforms have emerged to give indies the competitive advantage. In the wake of the NAR settlement finalization, the new commission structure, and the overall tumultuous market…

In this week’s episode of the Power House podcast, Mr. Cooper CEO Jay Bray joins HousingWire president Diego Sanchez for a conversation centered on balanced servicing and origination activities in the mortgage space. The duo explore Mr. Cooper’s growth initiatives, artificial intelligence (AI) usage for revenue growth and the future of the mortgage business. The conversation also dives into long-term customer relationships, potential bans on trigger leads and bettering the customer experience with technology.  This conversation has been edited for length and clarity. To start, Bray explores Mr. Cooper’s successes in third-quarter 2024 and its unique approach to growth. Bray:…

In the spring, he sold another Aspen mansion for $110 million, making a substantial profit after purchasing the property for $72.5 million in 2021. In September, he acquired Jack Nicholson’s former estate for $59.75 million in an off-market deal. Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. Patrick Dovigi, former NHL goalie and entrepreneur, has once again made…