Tag Archives: uwm

Rocket CEO Jay Farner, who led company’s 2020 IPO, retiring June 1

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Former Rocket Mortgage CEO Bill Emerson will serve as the company’s interim CEO while its board of directors conducts a search for a permanent leader. Continue reading →

UWM rolls out ‘one-time-close’ new construction loan in time for spring

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Homebuyers can put as little as 5 percent down when taking out a new construction loan, with one closing and an optional float-down to secure a lower interest rate, according to United Wholesale Mortgage. Continue reading →

Rates may ease, but affordability tools will still be in demand

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Zillow and UWM executives are optimistic mortgage rates will come back down but advised real estate agents at Inman Connect New York on Tuesday to get familiar with affordability tools like interest-rate buydowns. Continue reading →

After banner year, mortgage brokers seek more political clout

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

Mortgage finance veteran Nick Smith joins Voxtur’s board

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The mortgage data analytics provider that is pioneering attorney title opinion letters had previously expanded digital asset capabilities with a $101 million Blue Water acquisition. Continue reading →

The biggest mortgage, lending and housing finance stories of 2022

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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 →

Mortgage lenders innovate to help homebuyers cope with higher rates

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Rocket, Guild and UWM are among lenders providing homebuyers with options, such as temporary rate buydowns and reduced fees on refis if rates come down. Continue reading →

Family behind UWM to buy Phoenix Suns and Mercury

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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

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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 →