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Mat Ishbia talks the ‘loser mentality,’ the controversial ‘ultimatum’ and the years ahead

Housing Wire

Meanwhile, 2025 and 2026 will be off the charts. ” Ishbia says that the wholesale channel should reach 33% market share by 2026, compared to the current level of 22%. And 2024, 2025 and 2026, they’ll be the three best mortgage years in history because everybody that’s doing 6.5% We target 2026.

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Frank Martell talks loanDepot’s restructuring, path to profitability and M&As 

Housing Wire

Amid a shrinking market, Vision 2025 was extended into 2026 and beyond, Martell said. We’re trying to make sure our focus is on the strategic growth areas that we think will contribute to the first-time homebuyer, diverse lending and affordable [lending]. We’ve extended that to 2026 or so. We’re stable.

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6% mortgage rates are back (for select borrowers)

Housing Wire

A top-tier borrower with a 780 FICO score and a 25-30% down payment for a single-family vanilla 30-year fixed-rate mortgage was quoted 6.875% on Thursday, said Larry Steinway, senior vice president of mortgage lending and branch manager of Revolution Mortgage. “We We are definitely seeing an uptick in demand. in 2024, followed by 5.5%

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DataDigest: Goldilocks and the big IMBs

Housing Wire

Meanwhile, executives at UWM’s biggest rival, Rocket Mortgage, told analysts that its local loan officer recruiting initiative doesn’t represent a mortgage strategy change. His prediction is that 2025 and 2026 “will be off the charts.” The size of the lending opportunity in the upcoming years is hard to figure at the moment.

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