By KIMBERLEY HAAS The CEO of United Wholesale Mortgage says they are excited about the potential ahead in 2025 after coming off a “banner year.” UWM Holdings Corporation announced on Feb. 26 that its loan origination volume in 2024 was $139.4 billion, up from $108.3 billion in 2023. Refinance originations increased from $14.4 billion in…
By KIMBERLEY HAAS As 2024 comes to a close, we are taking a look at what had the most impact on our audience this year. Articles and podcasts about advancements in technology, the National Association of Realtors settlement, and a class action lawsuit against United Wholesale Mortgage top the list. Advancements In Technology Technology and…
By KIMBERLEY HAAS Lawyers for the plaintiffs in a class action racketeering lawsuit against United Wholesale Mortgage are opposing efforts to have the case dismissed. It is alleged that UWM consumers were duped into overpaying for their loans by brokers who sent most of their business to the lender. 8,665 loan officers at mortgage brokers…
By JARED WHITLEY Where’s the line between sound business strategy and ethical violations? What’s the difference between vertical integration and breaking the law? Those are the questions being raised about a United Wholesale Mortgage (UWM) website called MortgageMatchup.com. The Consumer Financial Protection Board (CFPB) is in the process of determining how the Real Estate Settlement…
By KIMBERLEY HAAS Lawyers for United Wholesale Mortgage have again moved to dismiss a class action lawsuit alleging that consumers were duped into overpaying for their loans by brokers who sent most of their business to the lender. They say the lawsuit reflects an unprecedented effort to smear UWM, its affiliates, and CEO Mat Ishbia…
By KIMBERLEY HAAS New court paperwork punches holes in claims made by United Wholesale Mortgage that a class action lawsuit brought against them was filed in bad faith. Lawyers for UWM say the lender became the victim of a coordinated campaign earlier this year when Hunterbrook Capital, its media arm Hunterbrook Media, and counsel for…
By JARED WHITLEY Is this Mat Ishbia’s “Vlade Divac” moment? Ishbia’s connections to basketball are well known, from his time on the 2000 Michigan State national championship team to his current “chaotic” ownership of the Phoenix Suns. And Divac, the Los Angeles Lakers star center, was also well known for “flopping” – pretending to have been fouled…
By KIMBERLEY HAAS Lawyers for United Wholesale Mortgage are questioning the integrity of a class action lawsuit that claims consumers were duped into overpaying for their loans by brokers who sent most of their business to the lender. In court paperwork filed on Sept. 17, lawyers for UWM say the lender became the victim of…
By KIMBERLEY HAAS Leaders at United Wholesale Mortgage say consumers save thousands of dollars working with an independent mortgage broker while lawyers in a class action lawsuit continue to present evidence that the company duped borrowers into believing they got the best deal on their home loans. UWM issued a press release on Aug. 28…
By KIMBERLEY HAAS The CEO of UWM Holdings Corporation says Q2 2024 was another strong quarter for United Wholesale Mortgage and the wholesale channel. Mat Ishbia said in a statement that the wholesale channel market share is at a 15-year high and his company is in a prime position to capitalize and grow when interest…
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