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United Wholesale Mortgage CEO Mat Ishbia wakes up at 3:30 a.m.

Courtesy of United Wholesale Mortgage.
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United Wholesale Mortgage recently went public in the largest SPAC deal ever.
CEO Mat Ishbia is a former college basketball player who values a willingness to learn in new hires.
Ishbia skips meetings on Thursdays so he can chat more casually with different UWM teams.
In January, United Wholesale Mortgage went public in the largest blank-check deal ever.
After merging with special purpose acquisition company Gores Holdings IV, UWM, which is the nation s second-biggest mortgage provider, went public at an eye-popping valuation of $16.1 billion. ....

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Lenders holding their own as mortgage relief remains in place

Lenders holding their own as mortgage relief remains in place
Foreclosures likely to tick up at some point
U.S. government agencies continue with moratorium programs for borrowers
iStock
Amid a depressed economy that shows little sign of revving into higher gear in the near term, people s ability to stay in their homes has been a relief for many.
That s been made possible by the federal CARES Act, sweeping relief legislation passed last March as the COVID-19 pandemic took hold that included a moratorium on evictions and foreclosures for those unable to pay their housing costs.
And under orders issued earlier this week by the Federal Housing Finance Agency, those moratoriums have been extended through at least the end of March of this year. Those with mortgages backed by Fannie Mae and Freddie Mac can remain in forbearance for up to 15 months. Federal COVID-19 Payment Deferral allows those borrowers to repay their missed payments at the time the home is sol ....

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Five perks to buying a home in the wintertime

Five perks to buying a home in the wintertime
5 perks to buying a home in the winter
By:
Alicia Smith
and last updated 2021-01-29 10:36:16-05
MACOMB, Mich. (WXYZ) â If the idea of buying a home when thereâs snow or ice on the ground doesnât appeal to you, or if youâre waiting for all the spring open houses before you get serious about house hunting, you might want to think again.
Chris Jones of Macomb is an active duty serviceman in the Air Force whoâs a single dad looking to buy his first home.
âIâm out here. First showing of the day. No âFor Saleâ sign even out here,â Jones said, as he shot some cell phone video of a recent home he visited that was not even on the market yet. His realtor set up the showing. ....

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UWM set to go public Friday following approval from Gores' shareholders

Pontiac-based United Wholesale Mortgage LLC became a public company Friday morning, listing on the New York Stock Exchange under the ticker symbol UWMC.

UWM President and CEO Mat Ishbia rang the opening bell at the NYSE to mark the occasion, a day after the company closed on its deal to merge… ....

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