That’s a wrap on another conference hosted by the most important company in mortgage not named Fannie or Freddie. In today’s edition of The Mortgage Scoop, I break down ICE’s rumored AI strategy & UWM’s bidding war for Two Harbors. 

Plus, we have additional (unreported) details on my CCM-Summit scoop from last week, job losses at Rocket & more. 

This one’s for paid subscribers only. So if you’ve been lurking, now’s the time to upgrade.

(🙏 If you like what you’re reading, tell a fellow mortgage junkie to sign up here.)

One thing I love about little kids is that they’ll tell you exactly what you mean to them. Last year, my wife and I brought our kids & our wonderful nanny Molly to Puerto Rico for winter break. Augie was 3 at the time & his defiance emerged big-time on the island. 

If Molly had to put Augie to bed or make him a PB&J sandwich for lunch, he would shout in her face, “Not you!!!” Only Mommy or daddy could feed him, dress him, put him to bed, etc. The toddler understood the power he wielded. But of course, he needed Molly – the vendor we hired – to do critical work. My wife & I, the lender in this tortured metaphor, needed Molly. 

At X26, vendors grumbled about the “Not You!” treatment.