United Wholesale Mortgage (UWM) rolled out a new purchase product that will waive mortgage insurance payments if a borrower opts for a 10.01%-or-more down payment. But borrowers would be wise to note that they’ll get hit with higher interest rates.
Is UWM’s plan to shed the “meme stock” label?
Mat Ishbia, president and CEO of United Wholesale Mortgage Mat Ishbia and his family will slightly reduce their ownership of United Wholesale Mortgage (UWM), a step to make the company more attractive to long-term investors – and, hopefully, to leave
10 Day Trips From Seattle You Need to Take
Whether you’re a Seattle, WA local, or just in town for the weekend, you may be looking for something to do to get out of the city. Fortunately, there are many day trips from Seattle ranging from half-day visits to
Mortgage rates climb back up, to 3.10%
Mortgage rates strongly increased above 3% in the week ending November 18, according to the latest Freddie Mac PMMS mortgage report. The 30-year fixed-rate mortgage hit 3.10%, up 12 basis points from 2.98% the week prior. A year ago at this time, the
@properties looks beyond Chicago with Christie’s deal
For years, @properties has sat atop Chicago residential real estate, fueling speculation about if and when they might aggressively expand outside Chicagoland. On Wednesday, the brokerage announced perhaps its biggest move ever outside the Windy City, stating that they have
10 Day Trips From Denver You Need to Take
Colorado is known for its multitude of outdoor activities, so it’s no surprise that there are many day trips you can take from its capital city Denver. From nature to concerts and everything in between, there’s sure to be an
Moving Across Country? Here’s How to Do It
Whether you’ve moved into a new apartment or are preparing to move after selling your house, the process of moving can make even the calmest of people feel a little stressed. And if you’re preparing to relocate and are moving
Good governance and good housing: Public-private partnerships in proptech
The U.S. housing market is one of staggering proportions. With more than 100 million homesteads and an aggregate value approaching $40 trillion, housing is the largest single asset class in the country. While the numbers are stratospheric, the importance cannot
Where Should I Move? It May Be Time to Say Goodbye to the City
The housing market is booming, and people are taking this opportunity to move out of cities and into suburban and rural areas. These migration patterns are largely due to record low mortgage rates and the fact that many companies are
4 Catio Ideas Your Indoor Cat Will Love
Indoor cats stare out the window for hours at a time envisioning what life is like outside but are often kept inside because their owners worry that they may run off. If this sounds like your cat, then cat-patios, also
FHFA tells GSEs to prioritize affordability in 2022
Federal Housing Finance Agency (FHFA) Acting Director Sandra Thompson has put affordability at the top of the annual to-do list for the government-sponsored enterprises. In its 2022 Scorecard, the conservator also tasked the GSEs with updating their pricing framework to
What Is a Craftsman Style House?
Craftsman-style houses are one of the most popular house styles in the U.S. While original craftsman houses are most heavily concentrated in the Midwest and Southern California, the architectural style can be found all over the country. Today, new-builds using
Shift Toward Seasonal Norms Could Benefit Buyers, Renters
Though still hot, easing competition in the housing market could reward persistent shoppers Go to Source Author:
Thanksgiving Kitchen Features That Can Boost a Home’s Value
Zillow identifies eight amenities that can simplify holiday meal prep — and increase a home’s sale price Go to Source Author:
Pet Ownership Soars Among Home Buyers, Influencing Purchase Decisions
New Zillow data finds pet owners are more likely to purchase larger homes with more bedrooms Go to Source Author:
Painting Brick: To Paint or Not To Paint Your Home
There are lots of mixed opinions when it comes to painting brick homes. Some homeowners love the idea of sprucing up their classic brick house with a fresh coat of paint, while others wince at the thought of covering up
Staging a Bathroom to Sell: A Complete Guide
When staging a house for sale, it can be easy to focus on big projects such as updating your landscaping, dusting your home, or repainting chipped walls. Oftentimes, this can lead home sellers to neglect focusing on important rooms that
Renovating A House Checklist: Where to Start
Home renovations provide homeowners with the opportunity to take their house and turn it into a home they’ve always dreamed of – all while increasing the home value. And, with the change of seasons, maybe you’ve decided it’s time for
Bidding wars are starting to cool off
For the fifth consecutive month the number of bidding wars on home sales declined, according to a new report from brokerage Redfin. In September, 58.9% of offers written by Redfin agents ended up in a bidding war, the lowest rate
GSE forbearance rate declines to 1%
Servicers’ forbearance portfolio volume declined at a reduced pace this week, as mortgage holders continue to exit COVID-19 plans, according to the Mortgage Bankers Association (MBA). The total number of loans in forbearance decreased by seven basis points to
New York poised to expand CRA rule to nonbank lenders
New York State is close to approving a controversial bill that expands the requirements of the state community reinvestment act (CRA) to non-depository lenders, following the lead of Massachusetts and Illinois. The CRA rule, enacted in 1977, mandates that banks
HW+ Member Spotlight: Karen Mayfield
This week’s HW+ spotlight features Karen Mayfield, head of National Retail Sales at Wyndham Capital Mortgage. In her role, Mayfield is tasked with expanding on the company’s digital roots into the retail mortgage environment. With more than two decades in the industry,
Rocket Pro TPO redesigns pricing calculator for brokers
In the face of a serious housing shortage, exceptional service from brokers is more important than ever. With forced bidding becoming the new norm, top brokers understand the importance of providing loan pricing with speed and certainty. Purchase originations demand
Why brokerages and mortgage lenders are rushing into JVs
The excited and at times nervous first-time homebuyers that James Dunn often represents ask him how that whole process of taking out a mortgage works, and Dunn, a Los Angeles-based real estate agent with eXp, replies with a few trusted