United Wholesale Mortgage
Nationâs Largest Wholesale Lender Now Offering Bank Statement Loans
What year is it? 2006? The nationâs largest wholesale mortgage lender, United Wholesale Mortgage, has just announced the availability of bank statement loans. Does this mean weâre headed down a familiar road of credit loosening, and a subsequent housing crash? At first glance, itâs reminiscent of the easy lending days seen in the early 2000s,… Read More »Nationâs Largest Wholesale Lender Now Offering Bank Statement Loans
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Nationâs Second Largest Mortgage Lender to Accept Bitcoin Because They Want to Be First
The nationâs second largest mortgage lender, United Wholesale Mortgage, has plans to accept bitcoin for mortgage payments. The Pontiac, Michigan-based companyâs CEO Mat Ishbia told Yahoo that scores of its customers hold crypto, so why not let them use it to pay the mortgage? As to why theyâd want to do that, itâs a bit… Read More »Nationâs Second Largest Mortgage Lender to Accept Bitcoin Because They Want to Be First
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2022 Conforming Loan Limit Jumps to $647,200
This morning, the 2022 conforming loan limits were officially announced by the FHFA, with the baseline limit hitting a whopping $647,200. Prior to this announcement, some mortgage lenders had already upped their maximum loan amounts in anticipation. Both PennyMac and United Wholesale Mortgage increased loan limits to $625,000 back in early October, knowing they’d be… Read More »2022 Conforming Loan Limit Jumps to $647,200
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UWM Offering No-Cost Appraisals on Home Purchase Loans
In an effort to make loan closings even faster, United Wholesale Mortgage (UWM) is offering an appraisal credit on home purchase loans submitted through March 31st, 2022. Often times, appraisals slow down whatâs already a lengthy mortgage process, a critical issue on time-sensitive transactions like home purchases. To motivate their mortgage broker partners, theyâre offering… Read More »UWM Offering No-Cost Appraisals on Home Purchase Loans
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Why It Could Be a Great Summer for Mortgage Rates
Itâs looking like it could be a really good summer for mortgage rates, after a very uncertain spring made it appear as if the best we had seen was gone forever. Now this isnât to say that mortgage rates will hit all-time record lows again, but the fact that theyâre slipping back to those levels,… Read More »Why It Could Be a Great Summer for Mortgage Rates
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Nationâs Top Wholesale Mortgage Lender Launches New Line of Adjustable-Rate Mortgages
Declaring that ARMs are back, United Wholesale Mortgage (UWM) has just rolled out a new line of adjustable-rate mortgages for its mortgage broker partners. The new offering from the nationâs largest wholesale mortgage lender includes a 5-, 7-, and 10-year ARM to flank the usual fixed-rate options, such as the very popular 30-year fixed and [&hellip
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How About a 1% Mortgage Rate?
Well, maybe not exactly 1%, but in the 1% range? More specifically, starting with the number â1,â which on its own sounds too good to be true. Itâs now a reality thanks to, you guessed it, United Wholesale Mortgage, who again is bringing some of the lowest rates in the industry via their aggressive Conquest [&hellip
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People on the move: Feb. 26
Homepoint Financial creates chief diversity and inclusion officer position, PennyMac appoints CEO to two chairman roles and more of the latest hiring and promotion announcements in the mortgage industry.
United Wholesale Mortgage announces Q4 2020 earnings
UWM Holdings Corporation announced a Q4 net income of $1.37 billion, bringing their year total for 2020 to $3.38 billion. Those earnings represent an 821% and 715% increase over Q4 of 2019 and the full year of 2019 respectively. “The fourth quarter and 2020 overall was phenomenal for UWM and the wholesale channel by any … [Read more…]