This week on The Pulse, Jennifer & I are cut through the noise on three major stories shaping the mortgage industry:
1. Better: Genius Visionary or Fiduciary Failure?
Better’s numbers were finally improving. Did the board push Vishal Garg out just as his strategy was starting to work, or was it simply too little, too late?
2. UWM: On Its Way Out…or Reloading?
A $451M loss and a suspended dividend vs. $39.7B in quarterly originations and a $2.05B lifeline from Oaktree. Is UWM in trouble, or positioning itself to dominate wholesale when the market turns?
3. Non-QM Breaks 10% Market Share
DSCR and bank statement loans are surging as conventional lending loses ground. Is Non-QM the lifeline loan officers need, or a growing credit risk the industry should be watching?
The Pulse: Less noise. More of what’s actually moving housing.