UWM takes another big step to reduce prices
UWM said LOs can apply their own pricing enhancement to their borrowers with the 125 basis points it’s offering to brokers.
UWM said LOs can apply their own pricing enhancement to their borrowers with the 125 basis points it’s offering to brokers.
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
The post Nationâs Largest Wholesale Lender Now Offering Bank Statement Loans appeared first on The Truth About Mortgage.
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
The post UWM Offering No-Cost Appraisals on Home Purchase Loans appeared first on The Truth About Mortgage.
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
The post Nationâs Top Wholesale Mortgage Lender Launches New Line of Adjustable-Rate Mortgages first appeared on The Truth About Mortgage.
It seems mortgage rates keep moving lower and lower, and now some veterans and active duty military might be able to snag a 30-year fixed as low as 2.25%! Thatâs pretty unheard of. While it sounds too good to be true, it appears to be a reality thanks to United Wholesale Mortgageâs push to dominate [&hellip
The post Veterans Can Now Get Rates as Low as 2.25% on a 30-Year Fixed Mortgage first appeared on The Truth About Mortgage.
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
The post How About a 1% Mortgage Rate? first appeared on The Truth About Mortgage.
It seems that lately we reach a new all-time low for mortgage rates just about every week, which begs the question, how low can they go? Indeed, mortgage rates have hit record lows eight times so far in 2020, and it is only mid-August. If you had to bet, youâd probably guess that weâd see [&hellip
The post How Low Will Mortgage Rates Go? first appeared on The Truth About Mortgage.
The mortgage industry can be a little bit old school. Similar to how the stock market used to operate in sixteenths, and later eighths, mortgage rates are mostly offered in eighths. Before 2001, the stock market only allowed price movements as small as one-sixteenths, an archaic method that gave way to the introduction of decimals. [&hellip
The post UWMâs Exact Rate Lets Borrowers Choose Exact Mortgage Rates first appeared on The Truth About Mortgage.
The Homepoint exec will speak on a panel titled “Operational Strategies in the Current Market” at the HousingWire Spring Summit March 4.
The post Homepoint COO Lisa Patterson to speak at Spring Summit appeared first on HousingWire.
UWM announces 1.99% rate for 30-year fixed mortgage HousingWire