Housing Wire

AUGUST 17, 2022

United Wholesale Mortgage (UWM) this week launched temporary rate buydowns, a product that allows borrowers to receive lower mortgage rates at the beginning of their loan terms by using seller concessions as part of the payment. Staying nimble in a fast-paced market with the right mortgage technology.

Seller concession 404

Seller concession Mortgages Fixed-rate mortgage Loans 404

Housing Wire

NOVEMBER 16, 2022

The Pontiac, Michigan-based lender now has an option for borrowers to reduce their rates by 3% during the first year of the loan, compared to the maximum 2% previously offered. UWM is also launching a lender-paid version as an alternative to the sellers-paid product, the company announced on Wednesday.

Seller concession 381

Seller concession Mortgages Fixed-rate mortgage Loans 381

Housing Wire

OCTOBER 27, 2022

Mortgage rates have surged firmly above the 7% mark, making alternatives such as temporary rate buydowns and down payment assistance programs more popular, according to loan officers. A year ago at this time, rates averaged 3.14%. United Wholesale Mortgage (UWM) launched the product in August.

Mortgages 368

Mortgages Fixed-rate mortgage Loan Officer Seller concession 368

Housing Wire

AUGUST 25, 2022

But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business. That has contributed to UWM’s competitors taking losses on loans when they can least afford it.

Mortgages 391

Mortgages Equity Loans Seller concession 391

HomeLight

MAY 31, 2022

During the pandemic years, plunging interest rates were counter-balanced by rising home sales. Interest rates on 30-year fixed-rate mortgages reached their highest since April 2020. Answering this question requires more than subtracting your remaining mortgage loan balance from the sales price.

Seller concession 121

Seller concession Closing costs Staging Sales 121

HomeLight

AUGUST 25, 2020

Or perhaps it is just a seller’s market and selling makes sense, even after a short time.”. Most homeowners purchase a house with the intention of staying put for the long haul. According to statistics from the National Association of Realtors (NAR), the median tenure for American homeowners is 13 years , up three years from 2008.

Principal 68

Principal Equity Seller concession Title 68