Pssst…here’s a bag of discounts
Tip toe through the regulations as United Wholesale Mortgage offers basis point discounts to brokers. They probably know what their doing, but it is also risky.
Tip toe through the regulations as United Wholesale Mortgage offers basis point discounts to brokers. They probably know what their doing, but it is also risky.
The Association of Individual Mortgage Experts doubles down on federal an state lobbying efforts leading to a big win in Florida where Brokers now have access to down payment assistance.
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We all know that rates are going to head up. When this happens margin compression kicks in and loan officers scramble to find companies that have better pricing. This causes
United Wholesale Mortgage (UWM) is facing a class action lawsuit over the ultimatum they gave their mortgage brokers regarding Rocket Pro TPO and Fairway Mortgage. We’ll see where that goes.
You already know about Fannie and Freddie bumping pricing on investor and 2nd home loans and the fact that they are limiting their entire portfolio for these loans to 7%.
Today we interview David Stevens about an article he wrote regarding the UWM/Rocket battle and UWM’s policy that bans and/or fines their brokers from doing business with Rocket Pro TPO
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