Brad Finkelstein

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The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.

Mike Kortas has brought his goal of creating a financial incentive for the mortgage servicing rights his loan officers create to fruition with the launch of evoLend on July 2.

A dividend cut is what some feel likely to be next for UWM, in order to reduce leverage levels which are well above competitors Rocket and Pennymac

| Agency mortgage-backed securities issuance activity in June was hampered by a decline in refinance volumes, although for the full second quarter it was up over the previous period, a report from BTIG said.

A week after falling to its lowest point since mid-May, the 30-year fixed rate mortgage turned higher as the 10-year Treasury rose 15 basis points since June.

The Request for Information follows Pres. Trump's March 13 executive order, "Promoting Access to Mortgage Credit," the Bureau said.

Total application volume fell by over 13.000 units on a month-to-month basis, with declines in purchase and refinance activity, Keefe, Bruyette & Woods said.

Over one-third of the Wolters Kluwer survey participants believe the next Fed move will be to boost short-term rates, but most expect one cut next year.

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