UWM Helping Brokers Beat Banks With Better Jumbo Rates

Dec 07, 2018

United Wholesale Mortgage (UWM) has introduced its Jumbo Bank Buster program, enabling Mortgage Brokers to compete with big banks to grow jumbo business by offering rates typically not available in the wholesale channel.

The Jumbo Bank Buster program is available on loan amounts up to $1.5 million and an 80 percent LTV, for borrowers with a 700 minimum FICO score.

The Jumbo Bank Buster program can be used for primary and second homes and on purchases or refinances.

About the author

NationalMortgageProfessional.com

Link copied

Published

Dec 07, 2018

Analysis and Data

Home Sellers' Q1 Profit Margins Declined Quarterly, Annually

ATTOM reported decrease of 55.3% in the first quarter – the smallest level in more than two years.

ATTOM released its Q1 2024 U.S. Home Sales Report, revealing that profit margins for U.S. home sellers on median-priced single-family home and condo sales in the United States decreased to 55.3% in the first quarter – the smallest level in more than two years. The decline...

Regulation and Compliance

Mortgage Servicers Added To Junk-Fee Naughty List

New release from CFPB lays out areas of improvement, and concern, for mortgage servicers.

The Consumer Financial Protection Bureau (CFPB) today published new supervisory highlights describing the regulator's recent actions to combat junk fees charged by mortgage servicers, as well as other illegal practices. The CFPB has also announced that it is working to addre...