UWM takes on the Fannie and Freddie LLPAs

On April 1, 2022, the mortgage industry was on the wrong end of what felt like a very cruel April Fool’s joke. It was the day Fannie Mae and Freddie Mac instituted updated loan level pricing adjustments (LLPAs) that made second home and investor properties much more expensive.Nearly three years to t

Lenders react to the lowest mortgage rates of 2025

Wednesday’s executive order by President Donald Trump to place a tariff on all foreign imports was a follow-up on repeated promises to enact global reciprocal tariffs. The so-called “Liberation Day” activity will have an outsized impact on the direction of mortgage rates and the U.S. economy.Earlier

Brian Covey wants to build something big at CrossCountry Mortgage

Wednesday was a busy — and unusual — day for Brian Covey. He started it at Revolution Mortgage, where he’s been EVP of strategy and development since late 2022, and ended it at CrossCountry Mortgage.“What I’ve learned is, the most important thing is your vision and that your values align,” Covey sai