Tag Archives: United Wholesale Mortgage

Inman unveils new class of 2024 Power Players

By | | Uncategorized
Comments Off on Inman unveils new class of 2024 Power Players

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

By | | Uncategorized
Comments Off on House Hacking spiked amid COVID. In 2024, it will be a household name

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

By | | Uncategorized
Comments Off on First-timers ‘significantly’ less satisfied with mortgage lenders

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’

By | | Uncategorized
Comments Off on WSJ eyes Mat Ishbia’s quest to be ‘king of mortgages and basketball’

“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

By | | Uncategorized
Comments Off on Tough times for mortgage lenders? UWM hired 1,000 employees in Q3

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

By | | Uncategorized
Comments Off on Zillow is the latest lender to offer a 1% down purchase mortgage

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

By | | Uncategorized
Comments Off on UWM posts $229M Q2 profit as spring mortgage originations soar

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 →

Will the second quarter of 2023 match real estate’s Q1 meltdown?

By | | Uncategorized
Comments Off on Will the second quarter of 2023 match real estate’s Q1 meltdown?

Major real estate companies began reporting Q2 earnings this week against a backdrop of high rates, low inventory and a sluggish economy. Analysts shared what they’re watching with Intel. Continue reading →

UWM says it’s hiring as Bloomberg details alleged ‘locker room culture’

By | | Uncategorized
Comments Off on UWM says it’s hiring as Bloomberg details alleged ‘locker room culture’

The nation’s biggest mortgage lender is planning to hire 500 people and is holding a job fair Saturday just days after a Bloomberg News expose of alleged drug use, discrimination and harassment. Continue reading →

Rocket, UWM cut a combined 9,500 positions in 2022, new filings show

By | | Uncategorized
Comments Off on Rocket, UWM cut a combined 9,500 positions in 2022, new filings show

Companies said that instead of laying off workers, they’re trimming their payrolls through attrition or by offering voluntary buyouts. Continue reading →