Items Tagged with 'United Wholesale Mortgage'

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Key to Millennial homeownership: Education

UWM says mortgage industry should do more to educate first-time homebuyers
A new study from United Wholesale Mortgage shows Millennials want to enter the housing market, but don’t know that they can. UWM explained the market needs to step up its game when it comes to first time homebuyers.
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[Video] Here’s how student loans hold back homeownership

Plus, will the FHA mortgage interest rate cut come back?
Student debt causes many Millennials to delay homeownership as they struggle to save up for a down-payment. As it turns out, this is not the only way student debt is holding back homeownership. United Wholesale Mortgage explains why, and gives it’s take on the reversal of the FHA mortgage interest rate cut in its February video.
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[Video] UWM CEO: Will the FHA lower mortgage insurance premiums?

MMI fund continues to come in above 2%
Ever since the Federal Housing Administration reported that its flagship fund reached the Congressionally mandated threshold of 2%, speculation has swirled about finally cutting mortgage insurance premiums. Watch the latest 3 Points video from Mat Ishbia, president and CEO of UWM, to see what he thinks will happen.
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United Shore lands on DOJ hit list, will pay $48M for FHA lending violations

Next in long line of lenders accused of violating False Claims Act
United Shore Financial Services will pay $48 million to settle allegations brought by the Department of Justice, which accused United Shore of violating the False Claims Act by “knowingly originating and underwriting” mortgages that did not meet FHA standards. The settlement makes United Shore just the latest in a long line of mortgage lenders that settled with the DOJ over alleged FHA lending violations.
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[Video] What Donald Trump means for housing from UWM's CEO

"The uncertainty of the election is behind us"
Nearly one month since Donald Trump became President-elect and the industry has already witnessed several significant changes. Weighing in on the discussion from an industry executive standpoint, Mat Ishbia, president and CEO of UWM, included in his December 3 Points video his thoughts on what Trump means for the mortgage industry.
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Monday Morning Cup of Coffee: How did alleged serial killer get his real estate license?

Election Day is right around the corner!
The story is still developing on alleged serial killer Todd Kohlhepp, 45 and a registered sex offender living in South Carolina. But there is one key fact about Kohlhepp that is leaving those following the story shocked: How did Todd Kohlhepp get a real estate license? Here’s a brief recap on the developing story.
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Is it now time to finally raise conforming loan limits?

Market can handle a $12,000 lift
The chances that 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. This would be a very positive change for the industry and borrowers, according to one industry expert. The industry will know for sure come November.
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