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Mortgage interest rates are at a 30-day high, and could go higher if, as many economists expect, the Federal Reserve boosts interest rates at its next Federal Open Market Committee meeting in December.
That outlook has started to settle in among mortgage consumers and is driving mortgage applications downward in October.
The chances the Federal Housing Finance Agency will raise the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2017 is high now after meeting one certain condition.
United Wholesale Mortgage has rolled out a new tool that allows mortgage brokers to receive automated income verification.
The tool eliminates the need to obtain hard copies of W-2 forms, 30-day paystubs and other income-related documents from borrowers for loan approval. Consequently, the tool facilitates brokers' moves to a document-free process.
TROY, MICH.—October 3, 2016—United Wholesale Mortgage (UWM) has been recognized by the Association of Mortgage Professionals (NAMB) as its Affiliate Company of the Year for promoting the goals, projects, activities and functions of the Association.
The National Association of Mortgage Brokers, the association of mortgage professionals, and United Wholesale Mortgage announced a new initiative on Friday geared to help grow the mortgage broker channel.
NAMB—The Association of Mortgage Professionals has announced the launch of KickStart, an initiative designed to grow the mortgage broker channel by providing grants to loan originators aspiring to open their own mortgage shops. With a $500,000 grant from United Wholesale Mortgage (UWM), Kickstart will begin immediately.
UWM CEO Mat Ishbia was featured in a National Mortgage News article penned by Brad Finkelstein, speaking on the revitalization of the mortgage broker channel.
Brokers have a future, Ishbia said, because brokers offer consumers a better combination of lender, loan product and pricing options.
UWM's Executive Vice President of Sales, Allen Beydoun, is featured in the August issue of National Mortgage Professional magazine as the Mortgage Professional of the Month. In the article, Beydoun discusses his career and his outlook for the mortgage industry in the months to come.
Earvin “Magic” Johnson headlined United Wholesale Mortgage’s company rally today to help the Troy, Michigan-based top workplace celebrate its achievement in becoming the nation’s No. 1 wholesale lender. He spoke at the company’s hour-long outdoors rally, delivering an impactful motivational speech to more than 1,700 team members.