United Wholesale Mortgage is expanding its product offerings and joining other nonbanks in the physician mortgage niche. Processing Content The lender now offers doctor loans for certain medical professionals seeking homeownership. Although many in this field have high earning potential and a stable career path, they often struggle to qualify for a mortgage due to […]
UWM offers doctor loans with flexible terms Read More »
Mortgage rates slid this week, but experts said they don’t expect the trend to last after a terse interest rate message from the Federal Reserve. Processing Content The 30-year fixed-rate mortgage averaged 6.47% as of Thursday, down five basis points from a week ago, Freddie Mac reported. The 15-year FRM also dropped three basis points
Mortgage rates fell but are shifting after FOMC forecast Read More »
Key insight: Regulators’ proposed changes to the definition of a commitment could eliminate the standard banks have used since the ’80s to determine which lending arrangements are in scope. What’s at stake: The change could pull wholesale products like small-business lines of credit into a category that might increase capital requirements for large banks, and
Banks have ‘commitment’ issues with the new Basel proposal Read More »