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United Wholesale Mortgage desires its dealer companions to get a head begin on the following wave of refinances.
The wholesale big Wednesday introduced Refi 100, a 100-basis level pricing promotion for typical rate-and-term refi charges. The deal, eligible for brand spanking new locks by way of March 29, comes as refis
“Whereas massive banks and retail lenders anticipate the refi growth, UWM is making it occur for our companions proper now,” the corporate mentioned on its web site.
A spokesperson Wednesday mentioned the promotion is meant to assist brokers “construct their e-book of enterprise forward of
Qualifying loans should be at the least a yr from their earlier notice date, and no seasoning is required for non-UWM loans, the lender mentioned. The corporate can be nonetheless providing a
Refis within the week ending Jan. 26 made up 34.2% of complete mortgage functions, up from 32.7% the prior week in line with the Mortgage Bankers Affiliation’s newest survey. The typical rate of interest for a 30-year fixed-rate mortgage in the meantime
UWM CEO Mat Ishbia in a November third quarter earnings name mentioned his agency
Fannie Mae in January projected 2024 single-family refi quantity to
The Pontiac, Michigan-based UWM had 47.9% of the wholesale market share as of final August, in line with information it shared in its third quarter earnings from Inside Mortgage Finance. Its aggressive efforts have
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