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UWM drops LLPAs on government loans with FICOs of 600+

Housing Wire

wholesale lender United Wholesale Mortgage (UWM) has taken another aggressive move related to its product set, underscoring its strong commitment to government-backed loans. On Wednesday, the company announced the removal of all loan-level pricing adjustments (LLPAs) on government loans, albeit with some limitations. billion — a 39.5%

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Can government job cuts lead to lower mortgage rates for spring?

Housing Wire

Could the loss of jobs in the government sector and the withdrawal of funding from the economy significantly increase the unemployment rate and a surge in jobless claims? However, if we focus on government workers and government contractors, it’s likely that the unemployment rate will rise in 2025.

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More homebuyers seek government-backed loans as an affordability lifeline

Housing Wire

The company’s newest National Housing Market Outlook shows that buyers are gravitating toward government-backed loans in their search for affordability. Strickland said that 75% of the loans she closed last year were government loans, adding that all of them were purchase money.

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ARMs, government loans are the hottest things in mortgage

Housing Wire

Adjustable-rate mortgages ( ARMs ) have grown in popularity in recent months as borrowers search for affordability relief anywhere they can find it.

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No Congress, no rate hikes: Bill Ackman’s plan to privatize the GSEs

Housing Wire

The proposal involves the federal government forgiving hundreds of billions of dollars while also reducing capital requirements. Thats based on the fact that the government-sponsored enterprises (GSEs) have paid $310 billion in dividends but drew only $193 billion from the Treasury after being placed in conservatorship in 2008.

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Global reverse mortgages in the news: growth, delay and launch

Housing Wire

The government-sponsored reverse mortgage program known as the Home Equity Access Scheme (HEAS) is encountering challenges in serving customers in a timely fashion, according to reporting by The West Australian. billion Korean won), the current ceiling for the government-backed reverse mortgage program.

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What’s the goal of ending the Fannie and Freddie conservatorship?

Housing Wire

The government-sponsored enterprises (GSEs) have been under the conservatorship of the federal government since the 2008 financial crisis, and for some time now many in the mortgage industry have thought this should end. But what is the goal of ending the conservatorships for Fannie Mae and Freddie Mac ? Treasury securities.