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UWM is bullish on the resurgent private-label market

Housing Wire

Pontiac, Michigan-based United Wholesale Mortgage (UWM) capitalized on a booming private-label market in 2021 by sponsoring its inaugural securities transaction this past May, a prime jumbo deal involving 508 mortgages with an aggregate principal balance of $351.9 to 72% across the three deals in a market with fast-rising home prices.

Marketing 397
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Small lenders face onslaught of agency loans returned to sender

Housing Wire

Fannie had outstanding loan-repurchase requests to mortgage lenders totaling $939 million based on unpaid principal balance (UPB) as of Sept. That means the loans from those years that end up being repurchased by lenders at their original value, often due to compliance issues such as elevated debt-to-income ratios, are now underwater.

Loans 370
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When rates skyrocketed, mortgage servicing reset the board. The next battle is about to begin

Housing Wire

In the meantime, these companies could market other products, such as home equity loans, to borrowers in these portfolios. trillion unpaid principal balance (UPB). Conversely, other companies seized the opportunity to expand their portfolios, securing the future right to get the inside track on refinancings when rates eventually drop.

Mortgages 459
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4 Reasons You May Have Been Denied Refinance

RIS Media

Those who could not get refinanced were declined for many of the same reasons, from a high debt-to-income ratio to poor or no credit history. High Debt-to-Income Ratio . Your debt-to-income ratio is the percentage of your monthly gross income used to pay off your debts.

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Today’s Mortgage Rates, March 30, 2025: Rates See Small Reductions

Marco Santarelli

Focus on Financial Health: Improving your credit score and lowering your debt-to-income ratio are key factors in securing a lower mortgage rate. This option is often favored by those who have a higher income and are comfortable with larger monthly payments, allowing them to build equity faster and become debt-free sooner.

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Today’s Mortgage Rates March 20, 2025: Rates Rise Marginally This Week

Marco Santarelli

15-Year Fixed: If you're looking to build equity faster and save on interest , a 15-year fixed mortgage is a solid option. Debt-to-Income Ratio (DTI): Lenders assess your DTI to determine your ability to manage your debt obligations. This figure covers only the principal and interest components.

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Today’s Mortgage Rates March 17, 2025: Rates Are Rising Again Slowly

Marco Santarelli

Let's look at an example provided by Zillow: For a $300,000 mortgage at 6.59% with a 30-year term, your monthly payment for principal and interest alone would be around $1,914. People refinance for various reasons, such as to get a lower interest rate, shorten their loan term, or tap into their home equity.