UWM Introduces 1% Down Loans
The new program will be available for a limited time.
The new program will be available for a limited time.
Most vulnerable homeowners have FHA, VA, or other government loans.
The loan focuses on self-employed and investor clients seeking to build homes.
The 2023 threshold will involve exempting loans from special appraisal requirements for higher-priced mortgage loans.
Total loans in forbearance decreased by 2 basis points in August from July: from 0.74% to 0.72%.
The national foreclosure rate remained just above the record low set in May.
The sale of approximately 5,460 loans totaling $663.3 million in unpaid principal balance was awarded to JP Morgan Mortgage Acquisition Corp.
June decreased to 0.81% from May's 0.85%.
Regardless of new or existing, data shows loan averages hitting record peaks