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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’ve extended that to 2026 or so. We have a very large contingent of loan officers and branch networks. We don’t hold loans on our balance sheet. Nunes: How is loanDepot retaining and attracting loan officers?

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6% mortgage rates are back (for select borrowers)

Housing Wire

Most LOs don’t expect traditional rate-term refinance demand to return until the second half of 2025 and into 2026. For 2024, roughly 75% of origination volume is expected to come from purchase loans. Meanwhile, it will be a long time before the industry sees a traditional refi boom. in 2024, followed by 5.5% in 2025.

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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.” No one comes close to matching its cost management.

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