Tag Archives: uwm

Sprout Mortgage is 2nd non-QM lender to implode in as many weeks

By Matt Carter | July 7, 2022 - 9:59 pm |July 7, 2022 Uncategorized

Comments Off on 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. Continue reading →

UWM shares recover after secondary offering postponed

By Matt Carter | November 22, 2021 - 9:00 pm |November 22, 2021 Uncategorized

Comments Off on UWM shares recover after secondary offering postponed

UWM said the secondary offering was intended to benefit shareholders, by making the company “a more liquid, tradable stock for larger indexes and institutional investors.” Continue reading →

UWM shares hit all-time low on news of secondary offering

By Matt Carter | November 17, 2021 - 11:49 pm |November 17, 2021 Uncategorized

Comments Off on 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. Continue reading →

UWM posts record mortgage volume, but Q3 profits sag

By Matt Carter | November 9, 2021 - 7:48 pm |November 9, 2021 Uncategorized

Comments Off on UWM posts record mortgage volume, but Q3 profits sag

Net income down 77 percent from a year ago, when refinancing boom drove higher profit margins. Continue reading →

Rocket Mortgage’s profits slip in Q3 as it pivots to lending to homebuyers

By Matt Carter | November 5, 2021 - 10:32 pm |November 5, 2021 Uncategorized

Comments Off on Rocket Mortgage’s profits slip in Q3 as it pivots to lending to homebuyers

Rocket Mortgage is targeting homebuyers more aggressively in marketing campaigns designed to bring consumers directly to its website. Continue reading →

Agents schooled on alternative financing, lending and mortgages

By Matt Carter | October 28, 2021 - 1:13 pm |October 28, 2021 Uncategorized

Comments Off on Agents schooled on alternative financing, lending and mortgages

Real estate agents attending Inman Connect Las Vegas got tips on partnering with lenders and alternative financing providers to land more clients and overcome obstacles. Continue reading →

Fannie, Freddie loan limits set for record 50-year leap in 2022

By Matt Carter | October 5, 2021 - 12:42 pm |October 5, 2021 Uncategorized

Comments Off on Fannie, Freddie loan limits set for record 50-year leap in 2022

Lenders are betting that home prices kept skyrocketing during the third quarter, and that they’ll be able to sell the bigger loans to Fannie and Freddie once the conforming loan limit officially goes up on Jan. 1. Continue reading →

Are 15-minute mortgage loan approvals the future?

By Matt Carter | September 27, 2021 - 8:21 pm |September 27, 2021 Uncategorized

Comments Off on Are 15-minute mortgage loan approvals the future?

United Wholesale Mortgage says it developed automated document recognition and processing capabilities in-house that allow for an initial mortgage loan approval in minutes. Continue reading →

United Wholesale Mortgage to launch in-house appraisal capability

By Matt Carter | September 15, 2021 - 1:36 pm |September 15, 2021 Uncategorized

Comments Off on United Wholesale Mortgage to launch in-house appraisal capability

The service, UWM Appraisal Direct, is optional and mortgage brokers will still have the option to choose from roughly 100 UWM-approved appraisal management companies. Continue reading →

United Wholesale Mortgage purchase loan business up 288%

By Matt Carter | August 16, 2021 - 7:46 pm |August 16, 2021 Uncategorized

Comments Off on United Wholesale Mortgage purchase loan business up 288%

UWM CEO Mat Ishbia emphasized the dramatic growth in purchase loan volume, saying the company’s relationships with mortgage brokers will help it stay profitable as mortgage rates increase and refinancings dry up. Continue reading →