Trump signs bill curtailing sale of mortgage trigger leads in 180 days
After the bill takes effect in March, credit bureaus will still be able to sell trigger leads to a borrower's current mortgage lender, loan servicer, or any bank or credit union they have an account with
by Matt Carter Sep 5
Defying conventional wisdom, UWM grows mortgage refis
While rival Rocket Mortgage seeks to boost refis by becoming largest US loan servicer, UWM CEO Mat Ishbia says AI, competitive pricing will help mortgage brokers compete for borrowers
by Matt Carter Aug 7
UWM and Google Cloud announce 'strategic' AI mortgage partnership
Nation's largest mortgage lender integrates AI and machine learning tools into its lending platform to streamline underwriting and document processing and provide chat support
by Matt Carter Apr 8
Mat Ishbia
In a year when home sales hit a 3-decade low, the nation's biggest mortgage lender racked up a $329M profit and made $96.1B in loans to homebuyers -- the company's best year ever
by Matt Carter Feb 26
Nation's largest mortgage lender shorted by Park Avenue hedge fund
United Wholesale Mortgage denied explosive allegations that many mortgage brokers who send it business aren't shopping around for best deals. UWM dismissed a related lawsuit as 'a sham'
by Matt Carter Apr 3
UWM's best year for purchase loans also produces $69.8M loss
Nation's biggest mortgage lender posts first annual loss since going public in 2020, largely driven by an $854.1M write-down in the value of UWM's $300B mortgage servicing rights portfolio
by Matt Carter Feb 28
UWM posts $229M Q2 profit as spring mortgage originations soar
United Wholesale Mortgage, the nation's largest lender, also raised refinancing volume by 23% after being hammered by higher interest rates, according to Q2 earnings released Wednesday
by Matt Carter Aug 9
UWM posts $62M Q4 loss but keeps title of America's biggest lender
CEO Mat Ishbia says aggressive 'Game On' pricing is still in place, but acknowledges Pontiac-based wholesaler is seeking to boost profit margins in 2023
by Matt Carter Mar 1
UWM rolls out 'one-time-close' new construction loan in time for spring
Buyers can put as little as 5% down when taking out a new construction loan, with 1 closing and an optional float-down to secure a lower interest rate, according to United Wholesale Mortgage
by Matt Carter Feb 6
UWM overtakes Rocket Mortgage as biggest US lender after strong Q3
United Wholesale Mortgage says it's attracting not only homebuyers, but mortgage originators, by slashing rates and offering the latest technology to build market share
by Matt Carter Nov 4
Competition between top mortgage lenders for homebuyers heats up
Rocket Mortgage rolls out 'Inflation Buster' mortgage, which provides a lower rate for 1 year, as it battles rival United Wholesale Mortgage for homebuyer market share
by Matt Carter Sep 16
More MSU athletes to plug UWM on social media
The Michigan-based lender's 'name, image and likeness' deal with men's football and basketball teams has expanded to encompass women's basketball and volleyball
by Matt Carter Sep 8
United Wholesale Mortgage is gunning for retail rivals' customers
United Wholesale Mortgage, the nation's biggest wholesale mortgage lender, is slashing rates and urging retail loan officers to defect to independent mortgage brokerages
by Matt Carter Sep 7