True Stories: Hybrid, eNote and RON Implementation

Join expert panelists that will discuss the status of federal legislation, trends in digital adoption and how best to prepare your organization for the next generation of lending processes.

Spruce’s Patrick Burns on innovation in title technology

In the season finale of Housing News season 5, Spruce CEO discusses heightened investor interest in title tech, innovation and fintech adoption.

Top CFPB official “hates” QM rules, jeopardizing safe harbor

A top CFPB official in charge of the rule-making process has heavily criticized the agency's own qualifying mortgage rule, jeopardizing safe harbor.

Don’t sleep on non-QM products

Now is the perfect time for originators to consider expanding to non-QM products – to grow business, diversify their offerings and to ensure an opportunity to better serve their customers.


UWM now offering VA loan program with mortgage rates as low as 2.25%

Looks to support veteran borrowers in "one of the strongest purchase seasons on record"

United Wholesale Mortgage announced a new VA loan program Wednesday that offers borrowers mortgage rates as low as 2.25% for both purchases and refinances.

Last month UWM rolled out a new loan program that offered borrowers an interest rate as low as 2.5% for both purchase mortgages and refinances. 

For context, as of June 18, we reported that the average rate for a 30-year fixed mortgage was 3.13%, down from 3.21% the prior week.

UWM is both the nation’s biggest purchase mortgage lender and the largest wholesale lender, meaning it doesn’t lend directly to borrowers. It works directly with independent mortgage brokers, who can in turn offer these low rates to their customers.

By offering conventional 30-year fixed rates to veterans in the 2.25 to 2.375% range, UWM said it intends to “support veteran borrowers in one of the strongest purchase seasons on record due to pent up demand created by COVID-19.”

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