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The Mortgage Scoop
James Kleimann
James Kleimann
Better’s CEO Bromance Ends in Corporate Warfare 💔

Better’s CEO Bromance Ends in Corporate Warfare 💔

Vishal Garg released texts with the ex-BFF who replaced him. Plus, AmeriTrust's $14M DSCR fraud case & fresh agency origination data.

Sep 21, 2026

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5 min read

We’re Starting a Podcast, a $13B Lender is for Sale & Mortgage has a Wedding

We’re Starting a Podcast, a $13B Lender is for Sale & Mortgage has a Wedding

The Scoop gets louder, Mutual of Omaha considers its next move, two industry execs tie the knot, Brian Vieaux is "nuts" & much more!

Sep 18, 2026

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6 min read

Nobody's coming to save mortgage rates

Nobody's coming to save mortgage rates

The Fed hiked. The GSEs aren’t riding to the rescue. Time to think harder about where the next borrower comes from.

Sep 16, 2026

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5 min read

Profitable, Tired & Ready to Sell?

Profitable, Tired & Ready to Sell?

Mortgage M&A is heating up as profitable but aging & undercapitalized lenders consider exits. These mid-sized lenders are lining up to buy them

Sep 14, 2026

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7 min read

The Early VantageScore Pools Look Different

The Early VantageScore Pools Look Different

The first meaningful securitization data shows a much heavier cash-out mix than FICO. Plus, the expensive Rent-an-LO market, the turmoil at Fannie Mae & a fresh batch of scoops.

Sep 11, 2026

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6 min read

The Secret to an 83% Recapture Rate*

The Secret to an 83% Recapture Rate*

Karen Postiglioni breaks down the creative math behind mortgage retention claims. Plus, Fannie’s workforce hits the therapy couch & Chad Smith leaves Better.

Sep 8, 2026

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6 min read

Pulte Just Opened the VantageScore Floodgates. Who’s Ready?

Pulte Just Opened the VantageScore Floodgates. Who’s Ready?

FHFA’s chief wants VS4.0 everywhere, is eyeing bi-merge (or even a single credit report!) & says the bureaus act like a cartel. Plus, Fay Group buys a $1B IMB & Fannie gives LOs a new pipeline play.

Sep 4, 2026

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4 min read

Rocket’s $10K Bounty on UWM Brokers

Rocket’s $10K Bounty on UWM Brokers

Detroit smells vulnerability in Pontiac: bounties, a “Moving Squad” & sharper pricing for brokers. Plus, Roam appears to be toast

Sep 2, 2026

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5 min read

Summer Rumors & Rate Surges

Summer Rumors & Rate Surges

Mortgage quickies! Sogorka’s on the move (again), Motto is No Mo’(?), NAF lands a $370M team & NEXA could shake up AIME. Plus, rates hit a 52-week high & agency delinquencies creep up.

Aug 31, 2026

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4 min read

Better’s $3,000 Mortgage Claim, Examined

Better’s $3,000 Mortgage Claim, Examined

Karen Postiglioni traces that number back to its source & asks a simple question: What’s actually in it?

Aug 27, 2026

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7 min read

Inside the NEXA-UMortgage Deal

Inside the NEXA-UMortgage Deal

Anthony Casa & Mike Kortas are joining forces. Here’s how the deal came together, how the 10 bps earn-out works & the messy stuff that didn’t make the announcement.

Aug 24, 2026

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6 min read

The 47 Mortgage Companies Still Losing Money 🥹

The 47 Mortgage Companies Still Losing Money 🥹

We dug into the MBA’s numbers to find out who’s still losing money, why they’re losing it & what separates them from the winners. Plus, a huge leadership shakeup at Fannie & more

Aug 21, 2026

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5 min read

Checkr vs. The Work Number (And Your Processors)

Checkr vs. The Work Number (And Your Processors)

Truv acquisition puts the incumbent on notice. But Equifax's biggest advantage arguably isn’t data or price — it’s habit. Plus, behind Matador's bet that GoRascal can help take its Texas business from $200M to $1B.

Aug 19, 2026

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6 min read

A Very Sneaky Way to Avoid an EPO

A Very Sneaky Way to Avoid an EPO

Plus: PMI claws back share, & the LOs acquirers can't afford to lose are leaving anyway

Aug 17, 2026

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5 min read

Vishal’s Back (?) & Where LOs Go After M&A

Vishal’s Back (?) & Where LOs Go After M&A

Better founder launched a bid to reclaim his company. Plus, you bought the lender, but you might be renting the sales staff

Aug 14, 2026

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5 min read

"The Worst Hedge of All Time"

"The Worst Hedge of All Time"

UWM says the $27.5B position was tied to Two Harbors. The deal died March 27, but the trade didn't. Plus: Wall Street LOs shrug at the Morgan Stanley story, & June MBS numbers.

Aug 12, 2026

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7 min read

MSRs are hot. Condos are a nightmare. 🔥😱

MSRs are hot. Condos are a nightmare. 🔥😱

Buyers love low WAC servicing. LOs can't get an HOA to answer an email. Plus: CrossCountry's coming for the Top 10 in servicing & Fitch downgrades UWM.

Aug 10, 2026

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6 min read

What $1.5B From Oaktree Actually Cost Ishbia

What $1.5B From Oaktree Actually Cost Ishbia

Inside the deal terms, why big broker shops are taking Pylon's calls, & the Zillow Home Loans numbers that should worry every LO w/ an MSA.

Aug 7, 2026

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7 min read

Ishbia Raises $2B & Kills the Dividend 🥵

Ishbia Raises $2B & Kills the Dividend 🥵

UWM rebuilds its balance sheet with a historic $2B recap while Valon makes its boldest bid yet to unseat ICE in mortgage servicing.

Aug 5, 2026

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5 min read

Goodbye, Vishal 👋  & Chase is Coming for 850 LOs

Goodbye, Vishal 👋 & Chase is Coming for 850 LOs

Garg is ousted as Better CEO. We unpack what's next for the company & run the numbers behind Jamie Dimon's splashy $750B housing pledge.

Aug 3, 2026

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6 min read

ICE Blinks on SDK Billing

ICE Blinks on SDK Billing

Plus: eye-popping VantageScore files, Chris Gallo's sentencing math, loanDepot's return to wholesale & more

Jul 31, 2026

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5 min read

Then Morgan Stanley Took Him to the U.S. Open 🎾

Then Morgan Stanley Took Him to the U.S. Open 🎾

Inside the strange economics of private-bank jumbo lending.

Jul 29, 2026

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4 min read

The DIY LOS Era Is Here

The DIY LOS Era Is Here

Top lenders & small shops alike are building origination systems they hope to sell. Plus, UWM previews its Rocket defense, foreclosures hit highest level since '20 & more.

Jul 27, 2026

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5 min read

Analysis: These Lenders Own the Strongest Realtor Relationships

Analysis: These Lenders Own the Strongest Realtor Relationships

RETR’s new index reveals which mortgage companies build durable Realtor relationships. Plus, PrimeLending loses $$$ in Q2, a debate over the cheapest mortgage system on earth & more

Jul 24, 2026

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5 min read

A VantageScore 710 & a FICO 660 Walk Into a Bar 🍺

A VantageScore 710 & a FICO 660 Walk Into a Bar 🍺

Equifax says nobody thinks of it as gaming. Plus: three lenders dominate GSE repurchases & our $1.1M Brooklyn co-op offer falls short.

Jul 22, 2026

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5 min read

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