Tag Archives: Mat Ishbia

After banner year, mortgage brokers seek more political clout

By Matt Carter | December 30, 2022 - 10:20 pm |December 30, 2022 Uncategorized

Comments Off on After banner year, mortgage brokers seek more political clout

A trade group representing mortgage brokers launched a political action committee and more than doubled its spending on lobbying in 2022. Continue reading →

The biggest mortgage, lending and housing finance stories of 2022

By Matt Carter | December 28, 2022 - 6:00 pm |December 28, 2022 Uncategorized

Comments Off on The biggest mortgage, lending and housing finance stories of 2022

The industry dodged a meltdown, but skyrocketing mortgage rates fueled a rush to “right size” and helped crown a new leader in mortgage lending. Continue reading →

Family behind UWM to buy Phoenix Suns and Mercury

By Matt Carter | December 21, 2022 - 8:14 pm |December 21, 2022 Uncategorized

Comments Off on Family behind UWM to buy Phoenix Suns and Mercury

The Suns and Mercury deal, valued at $4 billion, sets the stage for the nation’s largest mortgage lenders, United Wholesale Mortgage and Rocket Mortgage, to be court rivals. Continue reading →

UWM overtakes Rocket Mortgage as biggest US lender after strong Q3

By Matt Carter | November 4, 2022 - 8:05 pm |November 4, 2022 Uncategorized

Comments Off on 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. Continue reading →

UWM can rapidly scale new loans that lack title insurance

By Matt Carter | October 5, 2022 - 8:31 pm |October 5, 2022 Uncategorized

Comments Off on 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. Continue reading →

UWM now offering mortgages without lender’s title insurance

By Matt Carter | October 3, 2022 - 7:04 pm |October 3, 2022 Uncategorized

Comments Off on 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. Continue reading →

Competition between top mortgage lenders for homebuyers heats up

By Matt Carter | September 16, 2022 - 7:28 pm |September 16, 2022 Uncategorized

Comments Off on Competition between top mortgage lenders for homebuyers heats up

Rocket Mortgage rolls out “Inflation Buster” mortgage, which provides a lower rate for one year, as it battles rival United Wholesale Mortgage for homebuyer market share. Continue reading →

More MSU athletes to plug UWM on social media

By Matt Carter | September 8, 2022 - 10:45 pm |September 8, 2022 Uncategorized

Comments Off on 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. Continue reading →

United Wholesale Mortgage is gunning for retail rivals’ customers

By Matt Carter | September 7, 2022 - 3:19 pm |September 7, 2022 Uncategorized

Comments Off on 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. 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 →