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Mat Ishbia’s rant about overcoming Dan Gilbert’s mortgage business is truly one of the most entertaining things you’ll come across.

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Mat Ishbia’s rant about overcoming Dan Gilbert’s mortgage business is truly one of the most entertaining things you’ll come across.
Mat Ishbia’s rant about overcoming Dan Gilbert’s mortgage business is truly one of the most entertaining things you’ll come across.



In a leaked voicemail, Phoenix Suns owner Mat Ishbia celebrates his mortgage brand UWM surpassing rival Rocket Mortgage, owned by Cleveland Cavaliers owner Dan Gilbert. Ishbia uses explicit language and expresses his determination to continue dominating the industry. The voicemail was leaked on Facebook by Hunterbrook Media, and Ishbia’s comments have sparked comparisons to “The Wolf of Wall Street.” Key points include:
– Ishbia’s explicit language in the voicemail
– UWM’s victory over Rocket Mortgage
– Ishbia’s determination to keep succeeding
– Leaked voicemail posted on Facebook
– Comparison to “The Wolf of Wall Street” scene.



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Mortgage

CENTUM Canada has revolutionized client engagement with the introduction of Mortgage Monitor™.

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CENTUM Canada has revolutionized client engagement with the introduction of Mortgage Monitor™.
CENTUM Canada has revolutionized client engagement with the introduction of Mortgage Monitor™.



Centum Financial Group has launched Mortgage Monitor™, a platform designed to empower homeowners and prospective buyers to make informed financial decisions and build wealth. This platform automatically enrolls clients into a communication system, providing monthly home value updates, personalized product and rate analysis, and mortgage protection support. It also serves as a lead generation tool for brokers. Centum Financial Group is a leading Canadian mortgage broker network with over 200 offices and 2200 agents nationwide. Mortgage Monitor™ is currently in pilot with a full release planned for later in Q2 2024.

– Centum Financial Group launches Mortgage Monitor™ to empower homeowners and prospective buyers
– Platform provides monthly home value updates, personalized product and rate analysis, and mortgage protection support
– Serves as a lead generation tool for brokers
– Centum Financial Group is a leading Canadian mortgage broker network with over 200 offices and 2200 agents nationwide
– Mortgage Monitor™ currently in pilot with full release planned for later in Q2 2024



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Mortgage

Mortgage applications experienced a slight decline last week, even with a decrease in rates.

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Mortgage applications experienced a slight decline last week, even with a decrease in rates.
Mortgage applications experienced a slight decline last week, even with a decrease in rates.



In the week ending March 29, mortgage application volume decreased by 0.6%, with the average rate for a 30-year fixed-rate mortgage dropping to 6.91%. Refinance applications decreased by 2% compared to the previous week and were down 5% from the same week last year. Purchase applications also decreased by 0.1% compared to the previous week and were down 13% from the same week last year. The refinance share of mortgage activity decreased to 30.3% of total applications, while the adjustable-rate mortgage share remained unchanged at 7.0%. Overall, mortgage rates decreased slightly, but did not significantly impact overall application activity.

– Mortgage application volume decreased by 0.6%
– Average rate for a 30-year fixed-rate mortgage was 6.91%
– Refinance applications decreased by 2%
– Purchase applications decreased by 0.1%
– Refinance share of mortgage activity decreased to 30.3%
– Adjustable-rate mortgage share remained unchanged at 7.0%
– Mortgage rates decreased slightly but did not significantly impact application activity.



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Mortgage

The level of mortgage applications continues to be low

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The level of mortgage applications continues to be low
The level of mortgage applications continues to be low



– Mortgage rates declined slightly last week, with the 30-year fixed rate at 6.91% and the 15-year fixed rate at 6.35%
– Refinance share of total applications decreased to 30.3%
– ARM share remained steady at 7% of total applications
– FHA share of total applications decreased to 11.7%
– VA share increased to 12.1%
– USDA share remained unchanged at 0.5%
– Purchase applications were unchanged overall, with FHA purchases increasing slightly
– Refinance applications fell 5% below last year’s pace



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