Author name: Ricky Vasquez

UWM Holdings Corp., parent of United Wholesale Mortgage (UWM), has set the terms for a rights offering expected to bring in at least $400 million, the company announced Tuesday. The offering is part of the lender’s $2.05 billion capital raise with Oaktree Capital Management and the Ishbia family (through investment vehicle SFS Group Capital LLC) […]

[Editor’s note: Author Scott Finfer is a Texas-based land developer, lot builder, and workout specialist. He is also a former division land executive at KB Home. This article is Mr. Finfer’s opinion, and does not represent the views or editorial positions of HousingWire.] If somebody else is going to own more of the land, homebuilders

A complex-income preapproval does not usually fail because the loan officer cannot add. It fails because one assumption was treated as settled before anyone proved it. The borrower then shops, negotiates or gives notice based on a number that changes when the file reaches a deeper review. That is an avoidable trust problem. The loan