United Wholesale Mortgage has removed its minimum credit-score overlays for agency mortgages, a change that gives automated underwriting systems greater control over borrower eligibility across the wholesale lender’s conventional and government loan production. The...
United Wholesale Mortgage will now obtain both FICO and VantageScore 4.0 on every credit pull and automatically use the strongest qualifying score for the borrower, moving beyond simply giving brokers access to both models. The Pontiac, Michigan-based wholesale lender...
A federal judge in Michigan has dismissed a proposed class action accusing United Wholesale Mortgage and its 401(k) committee of violating federal benefits law by using forfeited employer contributions to reduce UWM’s future contributions to its retirement plan. U.S....
United Wholesale Mortgage is widening the financing options available to mortgage brokers working with condominium projects that do not meet standard agency requirements, while adding a new address-based tool designed to show potential product eligibility. UWM...
Data centers are popping up in lower-income neighborhoods, fewer retail stores are shutting down, and British homebuyers are looking for air-conditioned residences. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Aug. 10-14....
Inflation Expectations Hit Three-Year High as Rent Outlook Climbs to 6.8%
