Tagged: United Wholesale Mortgage (UWM)

Lender alleges Two Harbors undermined their merger and steered the company toward CrossCountry, turning a costly acquisition failure into a federal court fight

Bullseye 90 can be applied to a conventional or government purchase or refinance loan through Sept. 8

Fitch downgraded the wholesale giant after leverage reached 6.1x, saying the preferred investment changes UWM’s funding structure but does not immediately reduce its debt burden

The wholesale lender is raising $2.05 billion and suspending its dividend after the transaction contributed to a sharp quarterly loss and exposed balance-sheet pressure

UWM argues Refi75 was permissible mass advertising

Research shows wholesale competitors responded to the 2021 Rocket ban by lowering mortgage rates,

Three new offerings broaden eligibility, increase financing flexibility, and give mortgage brokers more ways to serve physicians, nurses, and other medical professionals

Limited-time offer reduces lender-paid buydowns to 25 basis points through August 31

The shareholder meeting has now been adjourned four times since May as CrossCountry seeks additional support for its $12-per-share acquisition

With Two Harbors shareholders set to vote June 23, UWM is again urging investors to reject CrossCountry's acquisition while the REIT argues UWM has failed to submit a revised proposal