that the loan is equal to 97% of the home value of the home purchase price and what united wholesale mortgage has done is it s kicked in the final 3%, which means that the purchaser of the home and the borrower of the dead doesn t have to pay any down payment so they have no equity in the home from the get-go and the way the program works is uwm or united wholesale will have a second loan that they make to the buyer and that second loan will then be repaid when the home is sold or refinanced and the first loan, which is up to 97% loan to value that mortgage is sold to fannie mae and goes through the traditional channels.
Capital Investment Counsel Inc lifted its holdings in ProShares Ultra Russell2000 (NYSEARCA:UWM – Free Report) by 18.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 35,340 shares of the company’s stock after purchasing an additional 5,450 shares during the quarter. Capital Investment Counsel Inc’s holdings in ProShares Ultra Russell2000 were worth $1,345,000 […]
UWM Holdings Co. (NYSE:UWMC – Get Free Report)’s share price traded up 4.8% during trading on Thursday . The company traded as high as $6.42 and last traded at $6.39. 545,516 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 1,616,887 shares. The stock had previously closed at […]
Shares of UWM Holdings Co. (NYSE:UWMC – Get Free Report) have been given an average recommendation of “Reduce” by the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating on […]