Trending News: May 17, 2023

UWM and (soon to be defunct) Home Point show big losses in Q1, FHFA rescinds controversial debt-to-income loan-level pricing adjustment, and the Consumer Financial Protection Bureau (CFPB) makes its constitutionality case to the Supreme Court.

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Show Notes

FHFA rescinds controversial DTI LLPA: Industry had lobbied heavily against the fee, which they argued was ‘unworkable’. Read more

CFPB makes its constitutionality case to the Supreme Court: The brief filed by the CFPB argues that despite a recent Fifth Circuit ruling, the Bureau does not violate the U.S. Constitution. Read more

UWM’s losses double in Q1, but margins climb to 92 bps: Lender registered a non-GAAP adjusted net loss of $106.6 million in Q1. Read more

Home Point, soon to be defunct, delivers $28M loss in Q1: Origination and servicing business were in red from January to March. Read more

Music by: Gloria Tells from Epidemic Sound


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