Mortgage refinance comeback: United Wholesale Mortgage’s refi volume jumps 387% from cycle low

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. After taking a big macro hit during the 2022 rate-shock, United Wholesale Mortgage’s (UWM) refinance volume has found its footing—and keeps climbing: 2020: $140B 2021: $139B 2022: $36B 2023: $14B (cycle low) 2024: $43B 2025: $70B That’s a +387% increase in UWM’s refi…

Read More

Meta hit with a class action lawsuit over smart glasses’ privacy claims

Meta is facing a class action lawsuit for false advertising related to its AI glasses following reports about the company’s use of human contractors to review footage captured from users’ glasses. The lawsuit, filed Wednesday in federal court in San Francisco, alleges that Meta’s claims about the devices’ privacy features have misled users. The lawsuit…

Read More

Just one dose of psilocybin relieves symptoms of OCD for months

Magic mushrooms are one of the psychedelics showing real medical potential John Moore/Getty Images A single dose of psilocybin – the active ingredient in magic mushrooms – produces rapid reductions in symptoms of obsessive-compulsive disorder (OCD), according to the first placebo-controlled trial to test the psychedelic for the mental health condition. The effects also seem…

Read More

Meta CEO Zuckerberg takes issue with the word ‘addictive’ in deposition shown at landmark trial

Jurors in a bellwether trial about the impacts of social media on children watched a deposition of Meta CEO Mark Zuckerberg on Wednesday that explored what the architects of Facebook and Instagram knew from internal research about the negative experiences of young users and how the company responded. New Mexico’s attorney general alleges that Meta…

Read More