Tag Archive for: UWM

Chaos In The Mortgage Broker Channel (UWM Sues Its Customers); Fascinating Observations

I have blogged about the three channels for mortgage banking several times. The channels include (1) banks and credit unions that offer mortgages along with checking, savings and commercial lending; (2) mortgage banks that only underwrite and fund mortgages (JVM’s channel); and (3) mortgage brokers who only originate loans but package and submit them to other “wholesale lenders” that underwrite and fund them.Read More

HUGE News In The Mortgage World! Nobody Outside Of Mortgages Noticed… Why?

This was a front-page story in the WSJ yesterday: United Wholesale Mortgage Goes Public. United Wholesale’s (UWM’s) valuation was $16 billion and they will get a cash infusion of over […]Read More