How big lenders are adapting to rising mortgage rates

On today’s episode, Editor in Chief Sarah Wheeler talks with Managing Editor James Kleimann about layoffs at J.P. Morgan Chase and Wells Fargo, as well as UWM‘s ambitious plan to court brokers by dropping rates up to 100 basis points. The two also discuss rising origination costs and how it affects affordability.  

Articles related to this episode:

• UWM drops rates 50 to 100 basis points in bid for brokers
• JPMorgan Chase to cut hundreds of mortgage jobs
• Purchase mortgage rates continue incremental, upward trend 

HousingWire Daily examines the most compelling articles reported across HW Media. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsrooms that are helping Move Markets Forward. Hosted by Sarah Wheeler and produced by Elissa Branch.