Morning Roundup (4/3/2024) — Explosive UWM Accusation

Good Morning! Today is Wednesday, April 3. A 7.2 magnitude earthquake killed nine people and injured hundreds in Taiwan. A fire at an Istanbul nightclub killed 29 people. Prisoners in New York sued the state for trying to prevent inmates from viewing the eclipse.


The Mortgage Note Reports

Explosive Accusation: A scathing new report claims that at least $39 billion in mortgages were referred to UWM by brokers who send most of their business to the lender, throwing their status as “independent” brokers into question.

Apps Down: Mortgage applications slipped again as rates stayed put in the high 6% range, keeping affordability at the forefront of buyers’ minds.

Listen Up: Spring is here and the home selling season is getting underway. Writer Nicole Murray spoke with real estate professionals and recent buyers to see what they think about the current market for our latest podcast.

In other mortgage and housing news…


Fighting For Fair Housing: HUD announced the award of over $30 million to fair housing organizations across the country under its Fair Housing Initiatives Program.

Families Living Together: Multigenerational homes are coming back in a big way, with the trend exploding in the last 15 years.

Company News: CHLA named Paulina McGrath vice president; top LO Josh Moody has joined Highlands Residential Mortgage.

Cost Of Living: What states have the highest tax burdens for residents? A new analysis from WalletHub breaks it down.

Celebrity Home: Hollywood star Alfre Woodard listed her “architecturally impressive” Santa Monica home. Check out this rare find.