eric huang

Article Summary Complex-income preapprovals fail when untested assumptions are treated as settled. These five questions help LOs identify the load-bearing income source, avoid double counting and document what reviewers must confirm. A complex-income preapproval does not usually fail because the loan officer cannot add. It fails because one assumption was treated as settled before anyone

UWM Holdings Corp., parent of United Wholesale Mortgage (UWM), has set the terms for a rights offering expected to bring in at least $400 million, the company announced Tuesday. The offering is part of the lender’s $2.05 billion capital raise with Oaktree Capital Management and the Ishbia family (through investment vehicle SFS Group Capital LLC)

Article Summary With 30-year rates near 7%, lenders cannot rely on refinance volume. RETR data on 17,438 originator moves shows brokers and non-delegated channels were the only net gainer in 2026, underscoring the need to choose and fund a defensible moat. Each installment of this series has opened with the 30-year rate higher than the

Polly says it expanded agentic AI across implementation, pricing, execution and settlement on its capital markets platform. The company says lenders can reach a production-ready environment in four to six weeks, supported by a pre-signature Jumpstart program. San Francisco-based fintech Polly announced on Wednesday that it’s expanding its AI capabilities across its mortgage capital markets

MBA weekly data for Sept. 18, 2026, show mortgage applications fell 1.5% as the 30-year fixed rate rose to 7.12%. Refinance fell 3%, purchase slipped 1% and ARM share increased to 9.8%. Mortgage applications decreased 1.5% from one week earlier as rates rose above 7%, according to data from the Mortgage Bankers Association (MBA)’s weekly

Article Summary Delaware’s retiree inflow is concentrated in Sussex County, which added 40,000 people since 2020. HousingWire Data shows Sussex is closest to buyer-friendly conditions with 3.7 months of supply and 168 average days on market, even with a $575,000 median list price. It’s no secret that the U.S. population is aging rapidly. An Urban

Article Summary Ousted Better Home & Finance founder Vishal Garg is suing the company’s board and interim CEO Daniel Lewis in Delaware Chancery Court. Garg claims the board used “lies and manipulation” to fire him and adopted a “poison pill” to illegally entrench themselves and thwart shareholder voting rights. Founder Vishal Garg has sued Better

Article Summary Credit scoring and bureau executives said expanded data can improve risk assessment, especially for borrowers with thin files or nontraditional income. They cautioned lenders to validate AI and alternative data within workflows, regulations and capital markets requirements. Mortgage lenders have been hurtling toward a new credit scoring regime centered on FICO 10T, VantageScore

Article Summary Mortgage Bankers Association data shows cost per funded loan increased 57% over 10 years, reaching $11,094 in 2025. The piece points to stacked point solutions and handoff-heavy workflows as drivers, and outlines a batch and task-based operating model. In 2015, it cost the mortgage industry $7,046 to fund a loan. In 2025, it

The MBA Purchase Applications Payment Index (PAPI) shows July affordability improved as the median purchase applicant mortgage payment declined to $2,175. The national PAPI fell 1.3% to 155.8, and payments were up 2.2% year over year. Homebuyer affordability improved in July as the median monthly mortgage payment for purchase applicants fell to $2,175, down from