UWM can rapidly scale new loans that lack title insurance
The wholesale lender is hiring and training lawyers to generate attorney opinion letters in-house in order to meet what the company expects to be strong demand
by Matt Carter Oct 5
UWM now offering mortgages without lender's title insurance
The nation's largest wholesale mortgage lender moves to capitalize on rule changes by mortgage giants Fannie Mae and Freddie Mac aimed at helping borrowers save on their closing costs
by Matt Carter Oct 3
RE/MAX's Motto Mortgage named a top 'recession-proof' opportunity
As lenders pivot to serve homebuyers, RE/MAX franchisor's 'mortgage brokerage-in-a-box' also makes separate list of top franchise opportunities for Black entrepreneurs
by Matt Carter Sep 29
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
Big lenders get a head start, adopt $715,000 conforming loan limit
Moves by Rocket and United Wholesale Mortgage could help borrowers get better rates and make smaller down payments when taking out loans that were previously classified as jumbo
by Matt Carter Sep 7
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
Sprout Mortgage is 2nd non-QM lender to implode in as many weeks
Failures raise questions about the viability of a small but growing corner of the mortgage business that largely serves self-employed borrowers
by Matt Carter Jul 7
United Wholesale Mortgage sees erosion in profit margins firming
The nation's largest wholesale mortgage lender released Q4 and full 2021 earnings Tuesday, revealing it originated a record $226.5B in mortgages last year, up 24% from 2020
by Matt Carter Mar 2
Bahrain-based firm acquires 2nd largest US appraisal company
Bahrain-based investment firm, Arcapita Group Holdings, is the new owner of Nationwide Property and Appraisal Services, the second-largest independent AMC in the United States
by Matt Carter Feb 3
The biggest mortgage, lending and housing finance stories of 2021
The rise of Power Buying, regulatory battles, Fed tapering and big acquisitions rattled lending decisions and homebuyer game plans during a momentous year for the mortgage industry
by Matt Carter Dec 29
UWM shares recover after secondary offering postponed
Proceeds were to go to a company controlled by Ishbia family, which owns 93.6 percent of United Wholesale Mortgage
by Matt Carter Nov 22
UWM shares hit all-time low on news of secondary offering
Proceeds of non-dilutive, secondary offering of 50 million shares will go to company controlled by Ishbia family
by Matt Carter Nov 17
UWM posts record mortgage volume, but Q3 profits sag
Net income down 77% from a year ago, when refinancing boom drove higher profit margins
by Matt Carter Nov 9
Rocket Mortgage's profits slip in Q3 as it pivots to lending to homebuyers
Nation's biggest mortgage lender growing partnerships with real estate agents, mortgage brokers, banks, and credit unions
by Matt Carter Nov 5