Morning Roundup (4/1/25) – UWM CFO
| Good Morning! Today is Tuesday, April 1. Nearly 2,000 scientists accused the Trump administration of conducting a “wholesale assault on U.S. science.” Trump said he was “not joking” about the possibility of seeking a third term. The Israeli military attacked the outskirts of Beirut, Lebanon, killing three people. The Mortgage Note Reports UWM Leadership: UWM Holdings Corporation named Rami Hasani as its new Chief Financial Officer. Changing Needs: Big, pricey metros are making a comeback as Americans go back to their pre-pandemic jobs and lifestyles. New Podcast: Carmine Cacciavillani, founder and president of Blue Sage Solutions, says efficiency is the key to success in today’s mortgage industry. Listen in to his conversation with Editor Kimberley Haas. |
| Quote Of The Day“ It used to be taboo to churn a book of business, and now it’s gotten to be almost taboo if you don’t… If you’re not making a concerted effort to recapture your borrowers, you know you could potentially lose those borrowers to any competitor.” Mike Carnes, servicing-rights valuations at MIAC Analytics on Rocket/Mr. Cooper |
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In other mortgage and housing news… The Big Picture: Rocket’s Mr. Cooper purchase reflects an industry leaving banks behind. Major Shakeup: Housing Director Bill Pulte rescinded the Biden administration’s directives on multifamily leasing policies. “Flexing Their Equity”: Adults ages 60 to 78 appear to be brushing off current housing challenges more easily than other age groups. Company News: Brookfield Asset Management has agreed to buy a majority stake in non-QM specialist Angel Oak Companies; ACI launched a new appraisal report platform; David Bolin joined FirstClose as VP of Marketing. Fixer-Uppers: The housing market is seeing the biggest home-flipping pullback since 2007 as regional challenges force up purchase and renovation costs. |