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
Proceeds of non-dilutive, secondary offering of 50 million shares will go to company controlled by Ishbia family. Continue reading
Net income down 77 percent from a year ago, when refinancing boom drove higher profit margins. Continue reading
Rocket Mortgage is targeting homebuyers more aggressively in marketing campaigns designed to bring consumers directly to its website. Continue reading
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
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
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
Compass versus Realogy. Keller Williams versus eXp. REX versus everyone. The real estate industry is full of big names and big feuds, and Inman’s unpacking all of them. Continue reading
A Florida mortgage broker alleges UWM is violating the law by refusing to do business with brokers who send loan applications to Rocket Mortgage or Fairway Independent Mortgage. Continue reading
United Wholesale Mortgage CEO Mat Ishbia shares what his life was like growing up, and how he became one of the wealthiest mortgage executives in the U.S. Continue reading
Mat Ishbia of United Wholesale Mortgage and Anthony Hsieh of loanDepot joined Rocket’s Dan Gilbert on Forbes’ list of billionaires after taking their companies public. They are now some of the richest men in the mortgage industry. Continue reading