Tag Archives: United Wholesale Mortgage

United Wholesale Mortgage defends its business practices

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Citing recent court victories, UWM says, “It is not uncommon nor illegal for a broker to send most or all of their business to a specific lender.” Continue reading →

UWM CEO Mat Ishbia claims Rocket Mortgage behind attacks

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Hunterbrook Media founder dismisses Ishbia’s take as “baseless conspiracy theory”, while Rocket says it and founder Dan Gilbert have no financial interests or relationship to Hunterbrook. Continue reading →

Nation’s largest mortgage lender shorted by Park Avenue hedge fund

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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.” Continue reading →

Inman unveils new class of 2024 Power Players

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With its new Power Players list, Inman recognizes 137 industry leaders for their power and influence as it kicks off a year of expanded awards. Continue reading →

House Hacking spiked amid COVID. In 2024, it will be a household name

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Last month, Fannie Mae lowered its down payment minimum for some properties, clearing a path for investors like Alejandro and Jessicas Cuevas, who bought in Chicago with hacking in mind. Continue reading →

First-timers ‘significantly’ less satisfied with mortgage lenders

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Homebuyers don’t just want good rates, they want lenders to solve problems that will keep them from getting to the closing table, J.D. Power finds. Continue reading →

WSJ eyes Mat Ishbia’s quest to be ‘king of mortgages and basketball’

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“The Wall Street Journal” alleges UWM CEO and Phoenix Suns owner is “charting a risky path in both business and sports,” but the Ishbia family is raking in hundreds of millions of dollars in profit even when the company is losing money. Continue reading →

Tough times for mortgage lenders? UWM hired 1,000 employees in Q3

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While others are downsizing, the nation’s biggest mortgage lender is investing in new technology and hiring new team members to be prepared if mortgage rates come down and business booms. Continue reading →

Zillow is the latest lender to offer a 1% down purchase mortgage

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UWM and Rocket Mortgage are also leveraging Fannie Mae and Freddie Mac programs tailored to borrowers earning less than 80 percent of the area median income. Continue reading →

UWM posts $229M Q2 profit as spring mortgage originations soar

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United Wholesale Mortgage, the nation’s largest lender, also raised refinancing volume by 23 percent after being hammered by higher interest rates, according to Q2 earnings released Wednesday. Continue reading →